Buying rental properties on seller finance
2 Replies
Jeanette Molina
posted 7 months ago
Hi! My husband and I are wanting to buy our first rental property. There is a house near us that is already set up as a tri-plex rental. It is listed through a real estate agent but we were wanting to see if they would do owner financing. How do you go about initiating that especially if it isn't listed as a seller financing deal?
Nathan G.
(Moderator) -
Real Estate Broker from Cody, WY
replied 7 months ago
Originally posted by @Jeanette Molina :Hi! My husband and I are wanting to buy our first rental property. There is a house near us that is already set up as a tri-plex rental. It is listed through a real estate agent but we were wanting to see if they would do owner financing. How do you go about initiating that especially if it isn't listed as a seller financing deal?
Contact the listing agent and ask them. I personally recommend you work with your own agent to represent you, preferably someone that has experience working with real estate investors and knows how to structure an owner-financed deal.
Jeanette Molina
replied 7 months ago
@nathan thanks for the advice!