Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

The price was irrelevant!

12 Oct 2022 · 0 min

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0:18

In this brief segment, the speaker explains how to locate a seller‑financed real‑estate opportunity. He describes a 10‑unit multifamily property in McAllen, Texas that had been on the market for an extended period because conventional bank financing could not meet the seller’s desired purchase price. The seller’s primary requirement was simply that a buyer meet the asking price, regardless of financing method. By offering seller financing and matching the price, the speaker’s team secured the deal, illustrating that properties stalled due to financing constraints can be prime targets for seller‑financed transactions.

How do you actually find somebody who is willing to seller finance? The biggest thing with our first deal, our 10-unit in McAllen, Texas, we found it was just sitting on the market and the seller just wanted us to hit a purchase price, and that's what we did. The reason this deal was sitting on market so long is with conventional bank terms and interest rates and all that stuff, nobody else could get them the purchase price they were looking for.