LandInvestors.com Forums **Ask A Question** Has anyone ever purchased with owner financing?

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    Marcus
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    Post count: 169

    I don’t have a lot of money for this, so to increase my inventory (once my mailer hits) I’m tossing around the idea of buying from sellers, paying them x/month, then reselling it and paying off that note at closing.

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  • Neil H
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    Marcus, the majority of people who contact you to sell want a quick sale — either because they need the money fast or they just don’t want to deal with the land anymore (or both). Traditionally, owner finance is more likely when the owner wants more than what the market will bear. As a result, I don’t think it’s likely you’ll find that situation in land flipping.

    Instead, you might find a seller who would agree to an option agreement — you option the property at a specific buy price for a limited period of time — 3 to 6 months. Then you search for a potential buyer at a higher price.

    Marcus
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    Post count: 169
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    Thanks Neil, I’ll have to look more into that.

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