Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Philip Carallo
  • Investor
  • Tampa, FL
0
Votes |
4
Posts

Negotiate terms with a broker? 12-plex

Philip Carallo
  • Investor
  • Tampa, FL
Posted

How feasible is it negotiate seller financing through the seller's broker? The property in question is a multifamily with 12 units.

I would prefer to build a strong rapport and personal/business relationship with the owner himself, which could potentially lead to favorable terms through our own negotiations down the line... but my first thought is that a broker would just laugh at me if I brought up seller financing, especially with my favored terms.

From what I can gather, the owner of the property is a CEO first, investor second. His time is bound to be worth a lot to him. Should I track down the owner and build that relationship first, or should I move on to look for someone who is a more prolific investor and will understand my situation and buy into my WHY?

I don't want to go straight to the broker looking to transact... I would prefer to build that relationship with no strings attached, and eventually bring up my interest in the 12-plex (which would be an absolute dream for me to own, btw).

Any and all input is appreciated. Thanks in advance!

Most Popular Reply

User Stats

73
Posts
51
Votes
Jim Wellington
  • Real Estate Agent
  • Saint Clair Shores, MI
51
Votes |
73
Posts
Jim Wellington
  • Real Estate Agent
  • Saint Clair Shores, MI
Replied

As mentioned, the agent has a fiduciary duty to present the offer. Seller financing is a great option in many cases and maybe very attractive for the owner. Trying to circumvent the agent is always a bad idea. One the seller hired an agent for a reason. Two agents are often the boots in the ground who know about future deals and properties. What you should be doing is trying to forge a relationship with the agent that is mutually beneficial. 

Loading replies...