Generally, there are three things that I look at when determining if I have a potential creative deal on my hands.
1) are they willing to list it with a realtor?
-> if you ask them about their thoughts of listing with a realtor and they sound disgusted with the thought of it… You’re headed in the right direction
2) are they willing to keep the property?
-> if you ask them about their thoughts of keeping the property as a rental and they sound hesitant… Dig into that more to uncover their fears behind keeping the property and why you might be a better fit
3) is the price they’re wanting reflective of what you can pay if you’re paying cash?
-> if they have a number that’s unrealistic to be able to pay cash (ie. 70% minus repairs)… then creative finance is likely the only other option
🤝 don’t run away from these options when talking to sellers this coming week. Instead, bring them up and try to understand the value you bring as an investor by helping them avoid those options.
Don’t sleep on this🫡