What is the best book on owner-financing???

Question

I've read a lot about it online, but I still would love to learn a step-by-step tutorial on which homeowners are best to target, how to deal with real estate agents (or how to find properties without agents?), and best tips on how to make offers that are worthwhile for the seller.

Anyone got any books that they can recommend? Would love to hear from someone whose bought through the owner-financing process!

(If it helps, I live in Los Angeles but am trying to find owner-financed rentals in Kansas City, MO. I will be flying out there and staying until I can hit my goal of acquiring 3 properties through owner-financing... fingers crossed!).

Casey Mericle · Answer

This one by the late great Jack Miller is $5 and is so comprehensive that you'll feel like your stealing it for that price

https://www.cashflowdepot.com/education/products/b...

@Brandon Turner's is good but doesn't have all of the out-of-the-box stuff that Jack's has.

Domenick Booker-Pomata · Answer

@Bernadeau C. just bought the book on Amazon Kindle for 1.99

Andrew Syrios · Answer

Brandon Turner's book: The Book on Investing in Real Estate with No or Low Money Down is probably the best place to start. It has a large section on seller financing: http://get.biggerpockets.com/nomoneydown/

Bernadeau C. · Answer

@Domenick Booker-Pomata i will check it out

Casey Mericle · Answer

@Bernadeau C. it's unfortunate that the website has gone to that, but it truly is an amazing book.

Bernadeau C. · Answer

@Casey Mericle how do i get that book by jack miller, the link you provided said i have to become a lifetime member to get get the book.....any idea.

Joe Davis · Answer

How did this go? It might be worth noting that seller financing only really works if the property is owned free & clear. Otherwise, you run the risk of the original lender activating the "due on sale" clause which is found in most agreements.

If you did manage to get these in KC, what interest rate and how was the financing agreement structured?

Joe Davis · Answer

How did this go @Victoria Townsend

Steve Vaughan · Answer

All of mine have been purchased off-market from tired landlords.  Jack and Jill homeowner will need to buy again so they need all the money and most likely don't own free and clear. They are a waste of time, essentially. Especially on the MLS.

Rates and terms are better with a bank, of course.

@Brian Gibbons has a book that probably covers SF in-depth. Hopefully he can chime in.  Good luck, Victoria.

What is the best book on owner-financing???

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