Sunday, February 28, 2010

Owner-Financing to Move Property FAST

There are many deterrents to getting a house sold - declining property values, skittish buyers, reluctant lenders, specter of mounting foreclosures.  When you need to sell fast one option to consider is Owner Financing

Whether you are a real estate wholesaler needing to flip fast, a creative real estate investor looking to buy "subject to" existing financing, an owner facing foreclosure but don't want the drawn-out short-sale route, seller who has already moved on with a new home but still waiting for that listed old-home to sell, you can sweeten the deal and help the buyer get in fast by taking back a note.

There are many sources of information on exactly HOW this works, and HOW-TO structure the deal for your specific situation.  This post is just to introduce an option, another "tool" in your "tool box."

As I progress in my creative real estate investing business I will post examples of how the deal came together.  Some will feature owner-financing.  ALL will be worth reading.