What are the benefits and drawbacks of buying a seller financed home?

LOTS of sellers got burned back during the foreclosure crisis with Sub2 deals. 

Sometimes the trailers I buy do still have titles on them, in which case we either have the seller cancel the title with the DMV before we close, or we have them sign the title into our name, and then we cancel the title ourselves.

I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

For us in the seller financed note investing world, we are often looking to find value in a deal that fell outside of a traditional banker's lending box. 

I recently looked at an existing STR, but either the seller did not track the expenses or they did not want to provide them. 

From personal experience, this can motivate them to do a final deep clean before handing over the keys.Finally, for peace of mind, you might consider consulting a local real estate attorney.

They will help you clear any clouds on the title and know whether you can close in "7 days" as offered to the seller.

As a result, we had to push our deadlines with the seller.

Start by getting pre-approved to know your budget and show sellers you're serious.