Am i crazy? Asking for owner financing

[Nandy B.]

I just closed on my second rental. My initial choice was a multi family or small apartment with about 8 units. I didn't think it was possible in my area. I was strolling thru realtor today, and saw a 8 unit apartment complex less than 5 miles from my house and current rental. It has been on the market for over 400 days (there is something going on for sure)

I just closed on my second property so traditional financing is not an option.

I would like to reach out to the realtor to ask the seller for owner financing. I figure, worse thing he can say is no, thank u.

How should the conversation go? What should I say?

[Account Closed]

Originally posted by @Nandy B.:

I just closed on my second rental. My initial choice was a multi family or small apartment with about 8 units. I didn't think it was possible in my area. I was strolling thru realtor today, and saw a 8 unit apartment complex less than 5 miles from my house and current rental. It has been on the market for over 400 days (there is something going on for sure)

I just closed on my second property so traditional financing is not an option.

I would like to reach out to the realtor to ask the seller for owner financing. I figure, worse thing he can say is no, thank u.

How should the conversation go? What should I say?

 You say, "Would the seller consider Owner Financing".  You need to have in mind how much you can put down, how much per month you can afford to pay and your offer price. I've bought with as much as $30k down and as little as $100 (many times it's a lot closer to very little down) it just depends on the numbers.

The realtor will want to get paid so you have to figure how to get that done.