100% Seller Financing

[David Saunders]

Are there any investors in here who have entered a deal with 100% seller financing? 

If so, I’d like to hear more about the experience and if any lessons were learned.

[Wale Lawal]

@David Saunders

At least once a week, someone posts to the commercial newsgroup seeking a way to finance 100% of the acquisition cost for an income property.

I suppose it is fueled by the late night infomercials touting no money down deals and using pictures of Class A apartment buildings, never saying the one describes the other, but leaving a strong impression that that is the case.

The way it comes across, one would believe that all you have to do to become a millionaire in real estate is to acquire the properties with OPM, meaning Other People’s Money, and then just sit back and collect the big fat checks they like to flash on the screen. Television is a wonderful thing. After the story is told and the product is sold, no one in the TV cast has to stick around and collect rent

Read this article for more information https://www.american-apartment...

All the best!