Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .  

How long do you typically wait for a rental property to sit on the market before considering selling it?

Today HUD notified that our bid was cancelled because they did not receive the requested information and documents, and the property is now back on the market.

My husband and I have an opportunity to purchase a single-family rental portfolio in our out-of-state investing market that is owner-financed.

I'm particularly passionate about investing in the market of Hampton Roads as it is a military hub.Outside of real estate, I enjoy reading, keeping up with my fitness, and spending time with my family.Excited to learn and connect with you all!

My PM found it, the owner was moving out of the country, got it off market at BELOW market value.

Congrats - looks like a success story!

Also, do any of your funds (after accounting for the above) ever go into a money market or other interest bearing accounts, such as dividend stocks, etc?

However, Even in the most competitive (Sedona) STR market, only 5% of home owners use the formula that gives huge occupancy and prime market ADR, resulting in a strong ROI.

Let me know if you want to connect or have any questions as you enter the market.- George