All Forum Posts by: Bryan Kohlstedt

Thanks guys. The thought was crossing my mind as I heard of a guy locally who is looking to "cash out" of his properties as he is older and wants to get out.

So, my thought was to see if seller financing would be an option for him if I was to take over several of his properties. I was thinking of it being a way for me to gain more properties with what I have saved for a downpayment than just using such a big chunk of that savings for a 20% downpayment on one place. 

The advantage to the seller in my mind was tax savings, and getting several properties liquidated at a time.

He has back taxes owed on the one property he currently has listed. So, not sure if he's hard up for money or what happened there. I don't know this guy, just what I found out through the listing agent. Sounds like he's in his 80s and his son may be looking to cash out of his properties also.

I think I understand the benefits to the buyer/investor when it comes to using seller financing on a deal. But, could you guys list the benefits on the seller's side to providing seller financing?

I also would like to hear some examples of how you were able to use seller financing in deals you have done, why you chose to do it that way, and what the seller's reasons were for agreeing to provide financing for the deal.

Thanks!