Updated over 10 years ago on . Most recent reply
seller financing
What's the best way to find seller financing and should I tell them about my plan for the house like having it for a rental. Newbie here :)
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It's hard to say there's a 'best plan', because I feel like each seller is different.
I think your best process is:
1) Identify their problem
2) Try to help them solve it
Maybe the problem is repair, taxes, distance, disinterest ... maybe they don't have a problem at all (maybe not great candidates for seller financing). You can't just go in guns blazing, you have to offer them something they don't have in exchange for the house that they do have.
Be friendly, helpful, and understanding. Like I said, I don't think the process is as formulaic as "Do A, B, C, Profit!". It will take some thought, and some effort (especially at first), but once you know what to look for, you'll be able to accomplish what you want much more quickly.