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Updated over 5 years ago on . Most recent reply

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36
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Kyle Root
  • Rental Property Investor
  • Appleton, Wi
11
Votes |
36
Posts

How to contact a owner for a 'seller finance' deal????

Kyle Root
  • Rental Property Investor
  • Appleton, Wi
Posted

Looking for some advice here guys, look forward to any feedback.

I found a few properties through Zillow and I want to contact the seller personally to avoid speaking with real estate agents. I want to talk potential seller finance options and if they would be interested. Do you guys have some experience in doing this? Where can I find their contact information online? I listened to a BP podcast about seller finance deal and I want to way my options with owners. 

Additionally, I am going through my first BRRRR deal which is my second deal. I closed on the property and I am working with a contractor to get the price dialed in. Is it a good idea to work on another deal if I have the right financing? Or should I put all my efforts into the BRRRR deal and get that up and running before I move on to the next deal?

Any comments or advice are welcome here.

Thanks ahead of time!

Kyle

Most Popular Reply

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463
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488
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Charlotte Dunford
  • Investor
  • Johns Creek, GA
488
Votes |
463
Posts
Charlotte Dunford
  • Investor
  • Johns Creek, GA
Replied

@Kyle Root there's no need to avoid the agent. The agent does not get less commission because of seller financing. You should contact the agent, make a seller financing offer offering a favorable price for them. It's their price, your terms. The agent just wants to close and he/she doesn't care if it closes through bank financing or seller financing. As long as it closes and the price is high, they get the same commission. It is in their interest to help you so dont avoid the agent. How do I know this? I've done it, twice. Totalling 44 units just from these 2 deals.

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