I got a referral one time and I brokered a 5 mil apartment building and made 2%  pretty easy transaction they were in a 1031 and paid cash..

Wondering how to build trust in him to do seller financing with us after this.For reference we have 100% close rate, my thoughts approaching this is to counter back and say the risk of default is very rare, if he's worried about the park defaulting he just needs to save up $20k in reserves and he'll get paid $70k in income for the park for the next 5 years while he waits for balloon.

And congrats on owning three paid off rentals!

There is a lot here that he needs go over, such as are you cashing out, looking to lock rate, is there pre pay, do you want community or agency?

(Assuming he paid $100k, is selling for $1M but tells the IRS $100k to avoid taxes and help you out.)And I said…“Lastly, don’t forget you’re also going to owe $250k in taxes if you sell the home for exactly the $1million you really paid to buy it.

Personally I’d be cautious about trying to live off the cash flow from one or two rentals even if they are paid off.

After lease is signed and payment paid, booking is confirmed6.

Would also echo AirDna is very useful, their paid software gives tons of great market insights and decently-accurate information on pricing potential for properties

Currently would add on an additional $5,200 when the loan is paid in full.

You will need two years of your 1099 documented income to qualify for a loan as a 1099 employee, both years of taxes complete for them to formally pre-approve you most likely.You need to bank as much money as possible.