I would be curious to hear people's feedback on this.

To whom this may concern, I am an investor looking to buy my second property.

Bit of a long story, but my partner and I are trying to purchase a property from a family friend of mine and we're having trouble locating the last seller.

I tried the BP Fix & Flip calculator but it's not really geared toward seller financing.

There’s usually not more than one investor with interest in any parcel so there’s is absolutely no incentive for the investor to pay a “wholesaler’s fee” in this scenario.In the scenario where the land is ready for development, and the economic conditions make development a profitable activity, the land owner has already been approached by the developer or multiple parties with offers to purchase.  

Have you all invested in other markets already or is this the first? 

What are pros and cons of this approach.

Speak to an attorney to handle this.

This maximizes my return over a Niche property.

Any tips or insights would be greatly appreciated!