Finding buyers for owner financing

[Carey L Rouse]

I want to sell a wrap mortgage around my existing conventional loan on a rental house.  So, I want to sell my house using owner financing.  I'm wondering if anyone has any tips on how to find those buyers?  Is it just a matter of advertising myself?  If so, where?  Do I try to go through real estate agents or mortgage brokers or maybe there is some really great targeting marketing techniques?  Any suggestions would be greatly appreciated.  Thanks

[Bobby Wallace]

Carey ~

Don't waste time thinking real estate agents or mortgage people will save you -
They will not.

Save yourself! 

Why?

Because they will not make any money by sending you a buyer.

Buyers with credit issues think that they are looking for a house -
you have to educate them that they are looking for "Financing."

Advertise your house online with Craigslist, Pennysaver, Zillow, Oodle,
(Google Free Online Advertising)

Seth Williams has 50 Online websites  that you can advertise FREE!

Offline community papers, shopper magazines, make flyers & put them in libraries,
barber shops, LAUNDRAMATS, anywhere with high traffic! 

10 Words - Nice 3 Bedroom. Owner WIll Finance. Bad Credit OK. 1-912-912-XXXX.

When they call, "Pre-qualify" them as fasr as their job, income, rental references, etc.
(I have them fill out an application). 

The "Secret" is to market enough so that you have multiple buyers to choose from-
and you are "desperate" and have to "SETTLE" for the only responder!

Good luck!

Bobby Wallace
Charleston, SC