Today i began to call some for sale by owner houses
It went not so hot, but i know its a numbers game, lots didnt answer, some straight up said no to owner financing, and some said they recently listed with a realtor, BUT
Whenever i ask about there mortgage info they told me it was "none of my business" (hard to create rapport after that doozy)
The reason i need to know there ballance info is because i will then ask if they would consider owner financing the house/ Lease to own. Am i approaching it wrong? Should i ask if they would consider financing first?
Yes you are approaching it wrong. I would not tell you that information either. Just flat out ask them if they would consider owner financing and list the benefits the owner may have by providing owner financing . Like anything the more descriptive and information you can provide the better the chance.
I think you're both wrong lol
You find the right house in the right neighborhood in the right condition
You knock on the fsbo door and asked to see the house and act like a cash buyer
You can't get a terms deal on the phone
It's a face-to-face presentation
Here's a dose of reality from somebody's been doing this for 30 years, do you know how many agents and how many investors are calling them?
The first thing the FSBO wants to know is if you're an investor!!! Or worse yet an agent!
Act like a cash buyer and walk through the house and ask questions about the house
Then show them they can make more money on seller financing
installment sales on free and clear houses
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!