New Investor - Seller Financing
Hi BP,
My wife and I are new investors looking to build a portfolio of buy and hold single and multi family rentals. We've been watching our market closely mostly by MLS. We recently made a connection with an older investor with a nice portfolio over 20 units. She is beginning to cash out/sell some of her properties, but is very conscious of minimizing the taxes she will have to pay.
This is still a new connection so we haven't discussed exact terms on any deals, but She has two multi-family houses that we're very interested in. We know that she would like to do owner financing, and only wants to sell one property per year. We are hoping to tap in to the BP knowledge for creative financing terms that would be beneficial for both parties. We have qualification and don't need to use owner financing, but are definitely interested the advantages that can come along with it.
What creative financing routes could we use to allow us to acquire these properties while minimizing the sellers tax implications?
Thanks!
Pat
Hey @Patrick Frechette! This article by BP's Brandon Turner is a great place to start to get some ground-level understanding of how to approach a Seller Financed deal.
The Definitive Guide to Using Seller Financing to Buy Real Estate
It sounds like you have a really great opportunity with this seller, and you are smart to make sure you handle these first deals with them professionally and knowledgeably.
Start with this article and let us know if you have additional questions that apply to your specific opportunities on these properties!