Advice on Seller Financing

[Kash Klafke]

Hi everyone! 

I am looking to start investing in multi-family and after listening to creators like Pace Morby talk about how amazing creative financing is, I really want to try and acquire my first property using seller financing. Are there any investors in here that utilized seller financing to acquire multifamily and even apartment complexes that have some advice on how I should approach sellers/agents when inquiring about purchasing their property with seller finance? 

I am a commercial real estate agent and have a lot of access to multi-family/apartment deals that are on the market and I message nearly every agent asking if the seller is open to seller financing and every time I get a no. Is that just part of the game, and I should keep asking until I get a yes? Or are there strategies that some people use to get sellers open to the idea? 

I'm totally new to real estate investing and could use any advice possible! Thank you, everyone!
 

[Brett Deas]

Lot's of no's before you get a yes. You can increase your odds by looking for a few certain things however, 1) Back on markets can be pretty popular, especially if it has been sitting for a long time. 2)retirees are another huge sector because typically they like the income and it spreads out the tax hit over many years. I would say from what I see doing it on a commercial scale is very hard, you have to have connections to these big buildings vs single family you can just find them. And yes, keep asking till you eventually get a yes.