Owner Finance
Hey BPers,
So I've been doing my wholesale direct marketing to absentee owners for about 2 months now (2 touches so far) with no luck of a good deal. They've all been unmotivated and wanting retail price.
My plan has always been to wholesale until I can fund my own flips, then buy rental properties because I currently have no money or credit.
I've been looking into owner finance and was wondering if it's a good idea to offer owner finance still at least 15% below retail then rent it out, use rent to own, or put a few thousand dollars into it if it needs it and sell it.
I feel like my market is over saturated with wholesalers who are dominating so I'm looking for a way around my problem.
Any advice or suggestions would be great.
Thanks guys!