FIrst phone call to possible owner finance very awkward

FIrst phone call to possible owner finance very awkward

Hvac · North Haven, CT · Member since 2015 · 298 posts · 79 votes

Hi,

I want to make an owner finance offer on a property. I tracked down the owners information and phone number. Looks like a couple in there 60s. I'm going to call them today. But it's going to feel very awkward when they ask how did I find there phone number. 

Anyone have any tips?

Thanks

Tony

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Real Estate Agent · Atlanta, GA · Member since 2013 · 6 posts · 8 votes
9y

I've just started the same thing. I watched some videos I found helpful. Bill Cook in North Georgia makes two offers on every property- a low cash offer and a terms offer with Seller financing (carryback.) Check him out on Youtube. He actually walks neigborhoods and makes the offers in person. Sounds awkward but he makes it look easy. He did 18 deals that way in his first year 20 years ago- so it can work. His facebook page has photos of the cards he uses for offers. This is all free and he isn't selling anything. He just loves to teach.

I've too left some messages with no call backs. My next step will be to mail them something with my two offers like Bill does.  

Keep us posted!

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  • Investor · Charlotte, NC · Member since 2016 · 374 posts · 189 votes
    9y

    Don't over think this.  Tell them what you did and why.  This is not unusual.  

  • Hvac · North Haven, CT · Member since 2015 · 298 posts · 79 votes
    9y

    @Account Closed I called and got a answering machine. I left a short message. Hopefully they call back 

  • Real Estate Agent · Atlanta, GA · Member since 2013 · 6 posts · 8 votes
    9y

    I've just started the same thing. I watched some videos I found helpful. Bill Cook in North Georgia makes two offers on every property- a low cash offer and a terms offer with Seller financing (carryback.) Check him out on Youtube. He actually walks neigborhoods and makes the offers in person. Sounds awkward but he makes it look easy. He did 18 deals that way in his first year 20 years ago- so it can work. His facebook page has photos of the cards he uses for offers. This is all free and he isn't selling anything. He just loves to teach.

    I've too left some messages with no call backs. My next step will be to mail them something with my two offers like Bill does.  

    Keep us posted!

  • Hvac · North Haven, CT · Member since 2015 · 298 posts · 79 votes
    9y

    @Kathleen C. thanks for the tip. I'll check out Bill's videos today. 

    Thank you!

  • Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
    9y

    I used to do this with for rent by owner folks in the paper.  I would call and ask if they knew anybody who would like to sell their rental or do a lease with option to buy.

    I have had better luck asking if they know anyone that wants to get rid of their rental headaches and earn more than 1% in the bank, secured.  

    When you ask someone directly they can feel cornered.  If you ask if they know anybody, less so.  Please keep us posted @Tony Velez!

  • Lender · Elk Grove, CA · Member since 2016 · 190 posts · 94 votes
    9y

    There are a lot of internet yellow pages websites. Sometimes you "get lucky" when trying to find them. Answer their question then move the conversation along.

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