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Updated almost 6 years ago on . Most recent reply

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Didier Bizimungu
  • Rental Property Investor
  • Saint Petersburg, FL
64
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102
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Seller Finance Letter

Didier Bizimungu
  • Rental Property Investor
  • Saint Petersburg, FL
Posted

I've searched high and low but found no decent templates for requesting owner financing from homeowners/landlords. 

Does anyone have a typical letter they send they are willing to share?

Thanks in advance!  

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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
572
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572
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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
Replied

I do a fair amount of creative deal structuring and negotiating Seller Financed deals and I can tell you that when I get a lead, most of the time the sellers did not know that they wanted to accept terms. You need to get people into a conversation to find out their needs and then you can propose a seller financed offer. You will most likely not have much luck soliciting them with a letter that says the words " Seller Financing". All of my leads are sent a short letter that says we can buy their home for cash and when they respond, I steer the conversation to terms if I feel like it will solve their needs.

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