Seller Financing Deals

[Matt B.]

Hi all,

For my second deal, I would like to do a seller financing type situation. The reason is mainly around my down payment, I don't have enough saved up for Fannie/Freddie standards. How do you guys go about doing a seller financing acquisition? I know I would run the numbers to ensure it makes sense just like any deal but how do you guys go about proposing the seller financing to the seller? is there a special website for people open to seller financing listing their assets? do you find a deal and then just propose it to the seller and see if they bite? is seller financing only good to other investors selling an asset or do people just selling their primary residence do them as well? Any advice to get me on to my next property is greatly appreciated.

Thanks,

Matt

[Steve Vaughan]

Mine have all been tired boomer+ landlords that owned free and clear. 1 single-family, all others were plexes. 

Check newspaper for rent ads.  They like old school advertising like for rent signs taped  to the bld or in windows.

Jack and Jill homeowner are a waste of time with SF.

Do Not buy on a land contract or contract for deed.  Get a mortgage/deed of trust like @Bill Gulley mentions and make sure the property is in your name from day 1 @Matt B..