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Updated almost 3 years ago on . Most recent reply

I'm looking to seller finance self-sufficient apartment complex
So, I'm looking to obtain an apartment complex that recently went back on the market, and I feel seller financing is my only option towards ownership at this point. On smaller properties (4 family) I've tried hard money, FHA, and conventional. Even with a good credit score and a decent amount of saved funds, none of the options really played in my favor. My question is how would I find the owner of the property, and even if I found the owner, how would I get them to entertain a seller financing option? Also, if you guys think there are better ways for me to get to ownership, I'm all ears. I'm 21 and I've been at this for about 2-3 years. It's definitely not as easy as it seems.
Most Popular Reply

- Rental Property Investor
- East Wenatchee, WA
- 16,119
- Votes |
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Out of my 2 dozen ish SF buys and sells, only one was listed. Triplex that thankfully the LA was open to it and it was an inherited property in a trust and monthly installments for 60 months were ok. Because of commissions though, my DP was about 6% higher than my normal 10%. 60 months was also my shortest balloon.
The owner and sales history is usually listed on the county assessor's site. My owner finance sellers have usually owned personally (90%) or in a small family LLC or trust for a long time. Tired DIY landlords that want passive monthly while spreading out the tax hit.
That's my angle as a buyer. Cash flow without headaches DIY style that spreads out the tax hit.