Once again, Ashley’s DMs are open for questions! This week, Brendan direct messaged Ashley asking: I’m looking at a 10-unit property at $1.9M. The current owner only has 4/10 units rented, but banks require 75% occupancy to finance. The seller would be interested in owner financing. Where do I start?
It’s good to note that no two seller financing deals are the same. Different sellers want different things out of a sale and it’s up to you, as the buyer, to find the things they really need to get the deal done. If you’re able to do that, you could get a great property under contract with little-to-no money down!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley:
This is Real Estate Rookie, episode 140. My name is Ashley Kehr, and I am here with my co-host, Tony Robinson.
Tony:
And we would like to welcome you to the Real Estate Rookie podcast where all we do is focus on that beginning part of the journey so that the listeners like yourselves can get the inspiration, get the motivation, get the determination that you need to get started in your real estate investing career. So, Ashley, I’m super pumped to be here with you today.
Ashley:
Yes. And today we have another question from my Instagram DMs. Me and you, I was thinking about this the other day when we were talking about, we always loved to say slide into the DMs.
Tony:
Yeah.
Ashley:
So we have Brendan Flannery who slid into my DMs and has a question for us today. He said, “Hey, Ashley, my name is Brendan. I attended BPCON2021, and my biggest takeaway was go bigger, do deals with more zeros.” First of all, I love that, and Brendan, I wish we could have gotten to meet at the BiggerPockets Conference. If you guys did not go this year, make sure you check it out for next year. It’s not been announced yet where it will be, but sometime in the fall of 2022, and you can get…