All Forum Posts by: Dusteen Brielle

Hi @Elijah Grant

All of my seller-financed houses and apt bldgs have been from tired boomer+ landlords that want to retire from the headaches, but like the monthly.  They have been self-managing for years and don't like PMs or agents.  They own free and clear.  They know a SF transaction can help their cap gain tax situation and provide them a decent return on their equity.  More than the <1% they'll get in a bank anyway, lol.

I find them mostly by calling crude for rent ads I see in windows or ads in the newspaper that are landline phones.  Some are active online, but most are not. Decent, but tired looking plex owners get a postcard from me as well.  If I see an old dude mowing the lawn at a plex, he gets a card too!  

They are not Jack and Jill homeowner listed on the MLS that have a mortgage and need to buy again.

I have never seen one playing on a phone.  They like diners in the morning. They are often in Lowes or Home Depot getting supplies and they wear work clothes.  

Be on the look-out for your 'target seller' and strike up conversations.  Take different routes to work and look for tired plexes. Look up the owners and send them a postcard.  Most own multiple buildings.  Good luck to you! 

 You must bring the loan current so ensure the unpaid balance is relatively low. I always look to owner finance my sub2's and thereby look for loans with low monthly payments (30 yr amortization and sub 4.5% interest rate). 

How do I find deals? Like everyone else. Market. Market. Market.