All Forum Posts by: Paul Murch

Thanks for the input. I am going to draft a letter tonight and give it a shot.

I have been renting a house in Kaneohe, Hawaii for a year. I know the owners are an older couple who live on the mainland. We deal with the property manager only, but i met the owners once last year when they came to Oahu for vacation. They inherited the house 10 years ago. I ran a property search through a title company and it looks to be free and clear. I want to offer to buy and ask for seller financing. In my mind, they have the house for retirement income. I want to convince them to lower their risk and stress level by taking a mortgage payment from me instead of rent. My plan is to live here for 3 more years, make improvements over time, then rent it out for cash flow. Maybe come back to retire after out of the Navy.

How would you break the ice? How would you make the case for seller financing? Any other thoughts you have?