Posted by dewCO on January 18, 2001 at 20:18:24:
Start by asking him if he’d sell to you with no money up front and he’ll carry the note for you at 9% for X years. If you’ve ALWAYS PAID him on time, maybe it won’t be a problem. If you haven’t, well then…it probably will matter and he’s not going to cut you any slack. To do creative RE you usually need a MOTIVATED seller. Not just a body who wants to sell their property. Is he motivated to get out of the landlording business? Can you cry on his shoulder and have him help you out? You got to find out first.