Wholesale an owner-financing deal??

[Cailyn Aune]

Has anyone wholesaled a deal where the seller wants to do owner-financing... and then one of your buyers picks it up w/ those terms? My husband met w/ a potential seller who's house is paid for free and clear. He would prefer to work without a realtor... but didn't seem too excited about a cash offer because of taxes and mentioned the possibility of seller financing as an option he would also consider. One of our cash buyers is maxed out at 10 loans and would potentially be interested in picking up this property as a rental with the financing already in place. Is there a way to structure this deal?

[Jeff Filali]

Not sure about the laws in your state, but in most states yes, no different than any other deal as long as the correct assignable terms are in the contracts and all parties know what you're doing.  If the seller or you do not have experience with seller financing, you may need a contract attorney involved.

[Cailyn Aune]

Thanks @Jeff Filali, I appreciate the feedback..! We haven't structured this in a wholesale deal before, so wasn't sure if there were any hang ups to be aware of in particular. 

It was great looking through your website as well, as we are researching subject to/lease options as another tool in our belt for motivated sellers. Looks like business is going well for you, keep it up!