Turned out they were interested in selling but were needing the income for a couple years, so we negotiated a seller financed deal.

We sent over our cost analysis and the reasoning for our offer and because the numbers made sense, the seller agreed, and we got a great deal overall.

How would you suggest structuring a seller financed deal?

Dallas-Fort Worth’s got a lot of people looking for rentals, so demand’s high... but finding a solid deal is key (from what I read in the WSJ).Let me know if you need any help!

That creates a problem since the seller will probably not want to accept the note from you as part payment.  

If you’ve established a buyer’s agent, they can represent you and handle negotiations, with the listing broker representing the seller.

They will have to sell it for a loss cause nobody in their right mind will buy that  The increased developer fees is only going to impact the seller, because they are the ones paying for it.

I recommend connecting and consulting with an account representative at PadSplit to get their intake and see if they can provide any data on room rental rates/demand.

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

Recognizing the opportunity to combine steady income from existing tenants with the ability to develop the lower level for Arbol Eatery and other amenities, I pursued direct negotiations with the seller.