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The last 3 deals I did I got the seller to take low monthly payments with no interest.
I paid close to the price (still below market) they were asking but the terms were much more important to me so my cash flow would be higher.
Terms are always more important than price when you get seller financing.
The seller is the ideal person to be your private lender on any deal.
If that just won’t work, you need to have a handful of private lenders lined up that you can call when you need funding for a deal.
Banks won’t do seller financing. So when you are buying from them, price is more important. The private lenders you work with will want a “safety” margin in the deal.
When you can use private lenders to fund your deals you will always be able to take advantage of opportunities when they come along.
If you don’t know how to find private lenders or how to structure creative deals with them then you really need to join us in Dallas Texas April 3 – 5 to learn how to be a Private Lender Magnet.
For more details see http://www.PrivateLenderMagnet.com
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