Quote from @Joe Villeneuve:
Quote from @Skyler Shively:
Quote from @Joe Villeneuve:
Why isn't the seller interested in seller financing?
He did not give a reason why he doesn't want to seller finance. He seems dead set on selling them individually on the
MLS.
Would be a nice boost to my portfolio, would like to figure out a way
to get the deal done that is mutually beneficial for both parties.
He is going to walk into one H3LL of a tax problem that Seller Financing can solve. He would make a lot more money,...more important he would KEEP a lot more money, and it would cost you a lot less if Seller Financing could be involved. If it was me, I'd just go ahead and make a Seller Financing offer (must be in writing to make sure he sees it) anyway, with a cover sheet that shows the differences between a conventional sale to him vs Seller Financing, and how he wins big if he took SF. The cover sheet is the MOST important part of the offer. It must be written and presented in a way where at a glance he can't miss the differences...and then wants to see how and why,...by turning the page and going through the details/explanations of the how/why. It's always in the math,...and how it's presented.
Hey, the way I look at it, what's the difference between making an offer using SF, ...and then get turned down,...or not making any offer at all not because you can't aren't able to make an offer using traditional financing ? In the end, nothing,...so you might just as well make the offer, because the real difference is if you do make that SF offer, and they see it is the best way for them, you might just get the offer accepted.
I’m really glad I made this post on here, thanks for the insight. I do have a few questions though, I have never done a seller financed deal, is there any chance that I could get you to send me an example of a cover letter for the offer? Also, I do know that he has a mortgage tied to some of these properties, won’t the banks call those notes due when they see that the deed has been transferred? What is the work-around for that? He has some of the properties listed with a realtor already, she wants her cut too. How does she get paid if I presented a 0% down offer? Thank you
