A real-estate investor explains how to buy properties using seller financing instead of cash. He targets successful owners with diversified assets who will finance the sale themselves, avoiding a taxable event for them. He claims this approach has let him buy hundreds of units and make millions in profit.
Chapters
Every building that you see behind me and Caleb here on the street, this whole row, owned by a guy who sold us a building. In fact, he has farms, he has businesses, he has a law firm, storage, title companies. When we talk about seller financing, we talk about buying buildings without any money. You buy stuff like this from people who don't need cash right now. He's doing fine for money, he's doing fine for income, he's ready to let go of an asset. The last thing he needs is a taxable event. Now, you're not gonna find those you're looking for distressed sellers. So look for people who've done what you want to do, who've mastered the game. Those are the people who are in a position— they're in a position to sell or finance to you. They can help move you forward, but only if you have a relationship with them. So this is why most of our strategy is go out and meet with owners who are winning, not with distressed properties and people who are losing their real estate. This strategy has bought us hundreds of units and made us millions of dollars.