Great conversation and great feedback from Will (Will great finally meeting you at the I survived event a few weeks ago BTW)I am not by any means a seller finance expert, so just want to put that out there :-) Like Will mentions there are many other benefits to seller finance than just price so it is important to be able to help him understand those benefits for the deal to make sense.Having that been said for us personally the way we operate is we only bring up seller financing as an alternative if we can't meet on price and they want more than what we are willing to pay.

We are lucky to have many good events around here so you should get out to some.

Another issue is that these old time contracts use a quit claim deed in the event of default which is held in escrow, it's worthless as it is seen as circumventing foreclosure laws.

@Brett Russell came as far away as Chelsea Michigan which is about an hour West of where we held the event.

:) Hope to meet you at some networking events!

Put the process in place and follow it.Once you have a solid process, you'll realize this was a good learning experience and a one-time event.

You can find investors here, you local real estate investment group, property auctions, and real estate events.

I have borrowed against my primary residence and even raised my CC limits in the event if I was to use them.

It covers the lender, not you, in the event there is a title issue in the future.

We are in a great area for REI events and you should try to get out to a lot of them to build your network and learn, learn, learn as much as you can.