Owner Finance

[Andrea Shields]

Good Morning BP,

I am looking in the Gainesville area for a FSBO hoping to do a seller finance. I am currently working in that area and see where there is a market that is very high due to the employees and colleges in the area. I have met so many people who came in for school and just stayed, started their own business or received a job offer. Not to mention, I am told the property taxes which is supposedly one of the highest in Florida. I figure working in the area I do not want to remain in a rental apt, so the best bet would be to purchase something that makes sense and when I leave the area I could add it to my portfolio of rental properties. BP what are some of the creative options to approach a FSBO purchase short of asking the seller to hold the mortgage. Thank you

[Christopher Winkler]

I would think if its FSBO they would be willing to write a seller carryback note to you if you could not get a traditional mortgage. I would suggest Craigslist for that city for looking for a seller as well as posting your own wanted to buy: For Sale By Owner with seller financing.

We are not all rude here...