All Forum Posts by: David Rutledge

I am also in the process of negotiating my first seller financed deals.

I know there is some back and forth negotiation on the terms, rates, down payment etc... on the financing in these deals but I was wondering if it is normal to negotiate on the price in these situations also?

I would like to negotiate the price down as I would with any other deal but is that not really an option considering the seller has offered the financing? Does this mean I will be paying listing price for sure?

Thanks for any help or advice.

David

I am in the process of working out some offers for multiple properties that will come with owner/seller finance.

I have never done a deal with seller financing before and I was hoping to get some advice from others who have done it on how I should be presenting these offers.

I have read that it is best to give the seller 2 or 3 offers with different terms? the main things I am looking for are as little money down as possible and as long a term as possible.

Also, Can I still expect to negotiate the price down with this kind of deal or does the fact that I am using owner financing mean the seller will probably expect me to pay listing price?

Any types of tips or advice on how I should begin the negotiation process with the sellers on this would be greatly appreciated.

Thanks so much.

David

Thanks for the input Sam and Congratulations to you too!

I am new to all this so its all quite confusing to be honest. I am buying a package of three properties so I am hoping I can pay one or two off and then get a re fi for one...

I just wanted to get some information about how that kind of thing works before getting into it. I am a complete novice with seller financing. 

I am looking at acquiring a package deal of a few properties with the use of seller financing for 3 years with a balloon payment at the end of 3 years.

I am relatively new to the investment business and I have only ever gotten regular conventional mortgages before. I was hoping to get some advice on how re financing the property after the three years of seller financing. Is that a possibility? I am pretty much clueless on this topic so any kind of information on this will be really helpful.

I think re financing will be the only I will be able to pay off the property after three years so I want to make sure that is an option and I am not stuck with a debt that I cannot pay etc...

Any advice or insight on what I can do with this situation would be greatly appreciated.

Thanks so much.

David

Hi Everyone,

I have been looking to buy some multi family properties in Cincinnati. I have found a few that I really like but they are located just outside of Cincy in Hamilton, Ohio.

I am going to take a look at them but I have never been to Hamilton and I was hoping I may be able to get an insight or advice from some people on here who may invest/know the area.

I am looking at these properties as buy and hold long term rentals so my main concern is the rental market in Hamilton. Can anyone give me any insight into the rental market for multi family (2 units) in Hamilton.

Any advice from people in the know would be greatly appreciated.

Thanks so much.

David

Hi Everyone,

I have been looking to buy some multi family properties in Cincinnati. I have found a few that I really like but they are located just outside of Cincy in Hamilton, Ohio. 

I am going to take a look at them but I have never been to Hamilton and I was hoping I may be able to get an insight or advice from some people on here who may invest/know the area.

I am looking at these properties as buy and hold long term rentals so my main concern is the rental market in Hamilton. Can anyone give me any insight into the rental market for multi family (2 units) in Hamilton.

Any advice from people in the know would be greatly appreciated.

Thanks so much.

David

 Awesome advise. Thanks so much for your help Jeff!

 Thanks for the insight Jeff, I appreciate it. Do you know the best way to find properties that are for sale by owners? Is there a particular website you can recommend? 

thanks for the insight everyone.  What is the best way to find fsbo properties? Are there specific websites where I can find these or do I just need to search on mls?

Good evening,

I am wondering if anyone has any suggestions on how to go about finding properties with owner/seller financing?

This would be for an investment property not a lease with an option to buy.

Would it just be through agents, if it is mentioned in the listing etc... or is there another way to find these kinds of properties?

Also, can someone tell me how seller financing usually works. I have very little knowledge on it but the idea intrigues me as a way to obtain more property over the coming years. 

Thanks for your time.

David