Seller financing and wholesaling

[Ismael Ayala Jr.]

Would Someone be able to explain the process of finding selling financing through a wholesaler? What to look for, pitfalls, protections and contingencies to have in place for the investor perspective aand from the wholesaler perspective. What documents are absolutely needed. How to close quickly and efficiently. How to get a notary and real estate lawyer? Or is that all provided by a investor friendly title company.

I'm speaking from a new investor/landlord perspective that has not completed a seller financing deal.

It's a loaded question, so I'm okay with partial answers from you area of expertise as well. Thanks so much!

[Jonathan Greene]

If you have not done any or many investments, you can't start by only focusing on seller finance. Even if you don't have the capital now, that is what I would call fool's gold. It sounds cool to invest with no- or low-money down, but the honest truth about seller finance and sub to is that the majority of deals that get done with low- or no-money down are by people who do have the money to do the deal. Because they have the leverage to adjust terms and show they could close another way.

Basically, combining wholesalers and seller finance is a recipe for analysis paralysis. Build your income and reserves, learn and build relationships. Don't look for a quick fix or a one in a million.