How to Present Owner financing

[Andrew Rivera]

I’m finishing up my Bachelors Degree at Olivet Nazarene University. I found a duplex in my area for sale for $149,000. The owner has 5 buildings with a total of 10 units. I found his address online and am curious as to what’s the best way to approach him to see if he’s interested in owner financing?

Is it weird for me to randomly knock on his door?

Should I write a letter and leave it in his mailbox?

Just trying to figure out the best way to approach the seller.

[Marc Winter]

Make contact with the owner and go inspect the property, with the owner if possible.  While going over the property or discussing the sale, ask if they will consider holding the mortgage.  As a newbie, you should be inspecting as many properties as you can so you learn what to look for, learn your local market and learn to identify a bargain when you stumble upon one.