Seller financing – it’s every investors’ dream. So how do you get a seller to agree to carry the payments? And, more importantly, how do you get the seller to take a really small down payment? Please note, all of these techniques work in my home state of Colorado and will work in most states, but it’s always a good idea to check your local and state laws regarding this type of financing.
Having negotiated more than a few of these, I can offer you a few tips to overcome the, “You need to put more down” objection from the seller with whom you are negotiating owner financing.
Here’s a brief video on the topic:
Attorney William ("Bill") Bronchick, the host of Legalwiz.com, has authored six best-selling books and is sought nationwide for his 30+ years of real estate and legal knowledge. He has been interviewed by numerous media outlets, such as CNBC, TIME Magazine, USA Today, Investor Business Daily, Forbes, and the LA Times, to name a few. William Bronchick is the co-founder and past President of the Colorado Association of Real Estate Investors and the President of the Colorado Landlords Association. Click on the "About" link above for more information on William Bronchick.