Seller Financed MultiFamily Deals

[Jeff Lara]

BP Family, where is the best place to look for solid, seller/owner financed multi family assets? I have been seeing movement in NJ on MF assets hitting the market, but do you just ask the seller about Owner financing or what?

[Wale Lawal]

@Jeff Lara

Look for deals that you think are meeting your investment goals

For sellers, financing the buyer’s mortgage can make it much easier to sell a house. During a down real estate market, and when credit is tight, buyers may prefer seller financing. Moreover, sellers can expect to get a premium for offering to finance, meaning they are more likely to get their asking price in a buyer’s market.

Seller financing rises and falls in popularity along with the overall tightness of the credit market. During times when banks are risk-averse and reluctant to lend money to any but the most creditworthy borrowers, seller financing can make it possible for many more people to buy homes. Seller financing may also make it easier to sell a home. Conversely, when the credit markets are loose, and banks are enthusiastically lending money, seller financing has less appeal.

Good luck!