Seller worried about liability on seller financing

[Bradley Dosch]

I’ve recently talked with two different sellers. The main reason they’ve cited as not being interested in seller financing is because of “liability”. That is, the liability of someone getting hurt and also stricter landlord tenant laws. In my eyes, the biggest liability is trusting me as an investor to generate cash flow. As the new owner it would be my liability if someone gets hurt. How do I explain this to the seller’s agent in a non “logic bully” way?

[Joe Splitrock]

@Bradley Dosch explain to them that title transfers to you, so they are no longer the owner. They would have as much liability as a bank has, which is none. They need to record the mortgage and be named on your insurance. Their risk would be if you stopped paying or dropped insurance. That risk is limited to loosing the asset.