All Forum Posts by: Butler VanVeckhoven

Hey everyone!

My partner and I are looking to make our first offer on a house within the upcoming months, but we are still in school so we aren't able to pull a conventional loan. This brought us to consider seller financing as our only viable option. We safely have about $20,000 pooled together that could afford a down payment on some of the houses we are looking at, and we would still have some reserve funds for a cushion should things go wrong after the purchase. 

I'm curious how exactly we should go about finding sellers that have a low mortgage on their home that would be willing to do this, how to ask them if seller financing is an option without putting in an offer, and how to wisely use the pooled money we have as a negotiating tool.

I appreciate any help!

Thank y'all for the advice! We will definitely look into building our team in Memphis. And @Chris Clothier, while I am currently in an internship at a plant in Arkansas I do have one of my partners in Memphis. I will be sure to let him know about Derrick and Terry. Thanks again and I will be sure to keep our story updated as we move along.

Hey everyone! 

I've been reading and listening to content on BiggerPockets for a while, but I decided it was about time to introduce myself. I'm Butler VanVeckhoven and I am looking to buy, rehab, and hold rental properties. 

I'm very young (19) and have two classmates that are looking to jump into real estate with me. We have been in the education phase for well over a year and will continue be until we graduate in 2018. However, we go to school two hours outside of Memphis and we have noticed properties we could definitely afford to get started on in Midtown. 

Is getting started in college a risky move even if we have the excess cash reserves to do so? Or is it never to early to get started? I appreciate any help and look forward to connecting with anyone in the area. Thank y'all!