West Palm Beach, FL · Member since 2019 · 22 posts · 4 votes
My name is Kai James. I’m a young professional who just graduated college 2 years ago. I am a first time real estate investor,(at least that’s my goal) and I found a property that I am looking to purchase. I am connected with the owner directly and they are willing to do seller financing. But I have no idea what to do next. I feel like I’m stuck out of fear. Ive been watching BiggerPockets videos and listening to podcasts for the last 2 years because I know that I want to break into the real estate market. If anyone would be willing to give me some tips and pointers in order to get to the next step I would greatly appreciate it.
Real Estate Agent · Greater Tampa Bay · Member since 2017 · 392 posts · 290 votes
6y
What are the terms you're being offered? Do you have an attorney that could review the contract on your behalf? Do you want to pay an attorney to draw up the contract? Nothing wrong with being nervous but use that as a motivating factor and go spend a few hours reading all you can on seller financing.
Real Estate Agent · Member since 2019 · 285 posts · 149 votes
6y
@Kai James if you can find an investor on BP who has experience with owner financing that may help you determine what steps to take. That way you can bounce ideas and terms off them and figure out a plan moving forward.