Always Ask for Owner Financing
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I always ask for or suggest owner financing on every deal. Most motivated sellers aren't interested in owner financing, but I use it as a way to show that I can pay their price if they can work with me on the terms, but if it is going to be a cash offer, then the offer has to be low.
June 17th, 2008 at 11:27 pm
An excellent reminder. Thanks for that.
I always try to lay three offers out there:
1) All cash
2) All financing
3) Some combination of the two
Then I let them choose the one that connects the best with solving their pain. I’m often surprised how many people are seriously interested in one of the latter two options.
…jp