Seller financing tips/tricks

[Chris Piette]

I am currently looking to purchase a SFR in very good condition with seller financing for personal use and as a future rental property. I'm looking for any general advice and/or experiences any of you fine ladies and gentleman have to offer on seller financing.

More specifically, I listened to a BP podcast awhile back in which the gentleman discussed bringing 2-3 offers to the seller, but for the life of me I cannot find that episode or material on that concept again. Does anyone have successful experience or examples of how you would strategically give a seller financier "choices" between your offers?

Thanks!

[Heather Crusinberry]

@Chris Piette,  A little more information would make this easier, but hypothetically...

The seller wants to sell the property at 100k, knowing the ARV is worth 110k (no fixes required, and closing cost will not be part of this example to make it easier). Your offers may look something like this:

1. Buy with cash with quick close, 80k

2. Conventional loan, 90k

3. Seller financing, 105k (with potential down payment of 10% or whatever you are comfortable offering)

All of these would be negotiable based on your "no more than" number. I hope this helps, Good luck!