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Updated over 14 years ago on . Most recent reply

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Mike Murphy
  • Real Estate Investor
  • Daytona Beach, FL
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Easing an owner financers mind

Mike Murphy
  • Real Estate Investor
  • Daytona Beach, FL
Posted

Hello everyone. I was wondering if I could get some oppinions. I am working a 2 duplex possible owner finance deal, and she is a little hesitant. What seems to be her biggest hurdle is "what if you damage it/dont take care of it?" Any tips on how I could ease her mind? Obviously I wouldnt go into this with the intention of letting it go, but I guess she has a valid point. I would really like to make this deal, but I want her to be comfortable with it. What are your thoughts since there really is no guarentee that I will keep it up?

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Michael Quarles#1 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Bakersfield, CA
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Michael Quarles#1 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Bakersfield, CA
Replied

I certainly would not include any language in my agreement which allowed for an "opinion" later, a situation which you have no control over, or any language which creates a deed restriction.

Reality is that if the seller doesn’t say yes to "your" terms then she isn’t your seller.

Go find one that will.

As for easing their mind... Present them with a sense of Professional confidence in you and your ability.

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