seller financing

[Paris Akins]

Hi BP!  I was days away from a Seller Finance Deal and after talking to his attorney his attorney told him it wasn't a good ideal to do the deal this way and to get all the money at one time. What should i go back and say to the seller to ease him that this is done often and he shouldn't have any worries?

thanks BP for replies its greatly appreciated !!!

[Joseph Caracappa]

Paris Akins I am no expert in seller financing and you already have received great advice from guys who have much more experience than I do. I have watched my dad put together a few seller financed deals, mind you he is not a RE investor. He is actually a restaurant owner, but every time he bought a piece of property he did so through seller financing.

From what I have seen a lot has to do with finding out what the seller is going to do with the money if/ when they do cash out. Educating them on the returns they will make by taking the seller finance route. And also very important that they feel you have the wherewithal/ability to actually pull off what you are pitching.

Just like Chris M. Said, the same thing happened to my dad. 3-4 months before the 10 yr. ballon was due on two of his private notes the sellers contacted him and said the have no problem extending the loan further out. Why because they are making money on an asset that they feel totally comfortable with because it was theirs.

To your success bud!