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Updated about 4 years ago,
Owner Financing/New investor
Hey everyone!! I hope y’all are doing well during these times. Happy holidays and merry Christmas! I was hoping to reach out to the Dallas area investors and pick y’alls mind.
I love love love the north Dallas area (Frisco, Mckinney, and Plano etc.) I have been doing research this whole past year about people killing it on investments. I really like the idea of seller financing to get my foot in the door at the higher prices around these areas. Maybe even make it a combination of a 2-4 plex and living in one of the units myself and managing it like it’s my own to add value to the seller on top of payments. Do y’all think seller financing is a smart way to go about it? Mortgage calculators say I can only afford 200k.
So that’s why I decided that I’m young and need to take the plunge and start asking around for (older) owners who are trying to find a young guy willing to take on a property. I found that when I say seller financing a lot of people are kind of turned off even offering to manage the property until I can get the price down to where I can take a loan out for the rest. So I decided to reach out to fellow BP investors. What’s a good way to approach this dilemma?
Oh and to give y’all a little bit about my background. Im working at the new Parkland hospital. Was working with Medical City Plano....and that’s where I decided I need to do more. I hate having an employer saying I can’t take my vacation days or that I HAVE to work. This past year I started studying to get my real estate license here in Texas. I really think it helps with learning the ins and outs of real estate as well as listing to BP podcasts literally everyday the past year.
I don’t want to keep ranting but I hope this opens a door or two for me. Please reach out with any advice. I really do appreciate your time and hope y’all have a wonderful rest of the year! Praying things get better for us all!