Rental Property Investor · Columbus, OH · Member since 2021 · 231 posts · 188 votes
I would love to hear everyone’s input on the best ways to find seller financed deals. Is it cold calling? Is it through an agent? Is there a website to go to?
I would love to do my next deal via seller financing, however I’m not sure where I should be starting. I do have an agent and occasionally he does send over some seller finance deals but 99% of the time they do not work for me based on location and/or price.
I will be a little limited on capital for this year (most likely) but I do want to add another duplex or a 4plex to my portfolio.
Feel free to offer some other strategies besides seller financing as well. Thanks for any advice!
Finding seller financed deals is simply a function of the offers you make. When you are looking to buy any property, make 2 offers on it - a regular offer and also an offer with a seller financing component. It's a numbers game. Do this enough times and you will land a deal.
Also, in Zillow and the MLS, setup keyword alerts for "seller finance", "seller financing", "owner finance", "owner financing". This will occasionally return some listings with that verbiage listed in the description.
You can filter financing on the MLS to seller finance and see everything on the market offered. Most my seller financed properties have come from me proposing it.