Christian Osgood bought a $4.5 million resort using seller financing by matching the seller's goal to retire in Costa Rica with a simple 4.5% fixed-rate loan. The key is aligning what the seller wants with what generates cash flow for the buyer, creating a deal both sides say yes to.
Chapters
Seller financing can buy you anything. You're inside the bar of the Robin Hood Village Resort, $4.5 million I purchased in my first year buying real estate. Now I've done hundreds and hundreds of apartments and they're simple and they're stable. This was a business I was interested in. It had wedding events, it had concert series, kayaking, beautiful location. This resort's a one-of-one. We found a seller whose goal was to retire and move to Costa Rica. I was trying to increase my cash flow and I wanted a project, I wanted an adventure. This project's an adventure. Now if you want passivity, just keep buying apartments like I did, but this particular one an adventure, and we bought it the same way we did the apartments. We found someone who had a specific goal. We found a way to get it to cash flow day one on long-term fixed rate debt. We have 4.5% interest on this. Anyone can structure the same deal this way. But if you're trying to find some complicated method to get into real estate, it's this simple. What is the least creative way for you to get what you need, which by the way is cash flow, and for the seller to hit their objectives? If you can get everyone to a yes, you will close every single time. It is that simple.