Creative Financing Real Estate

No Real Estate Loan Fees... No Credit... No Hassle!

Creative Financing Real Estate and Owner Financed Homes Can Make You Money. You just need to know how to find the right sellers.

When you learn how to buy real estate without credit or mortgage loans you have hit the Big Leagues because you do not need to rely on your credit to buy property.

Creative financing real estate is a wild and woolly business adventure. Owner financing requires "imagination" and lots of enthusiasm.

This type a real estate financing usually is the result of some major real estate market change along with an Unfavorable Financial Market.

When financial markets change, sometimes your only way to finance the transaction is to have The Owner Carry The Paper.

"Anxious Sellers" that may be over mortgaged or own marginal properties are usually more that happy to consider any kind of creative financing offer.

Sellers in a soft market that Must Sell are your most likely candidate to take a serious look at real estate owner financing.

Creative Financing real estate is just that. If you can think up a way to remove the Sellers Pain and provide them an avenue to escape making their monthly mortgage payments you can make a deal.

Most real estate agents do not know how to arrange owner financing, or the "Commission" gets in the way.

Creative Financing and Owner Financing. is essentially the same thing. What ever you want to call it, the seller must be involved and in most cases will be carrying some or all of her equity on a note.

Creative financing real estate could involve taking part of the equity in trade, such as a motor home, a car, boat or just about whatever you may have to offer.

In most cases you should plan on putting some cash into the deal, because there will be real estate selling expenses and sellers do not like walking away empty handed.

When the seller acts as the lender and finances all or part of the real estate equity and takes monthly payments there are many ways to accomplish this.

Typically the seller would carry a second deed of trust (mortgage) or a land contract which is also known as Contract for Deed or in some cases the seller may take a note. You could also offer some other property for additional security.

If you find a seller that is willing to accept some form of owner carry financing the cost to close is minimum.

If you do your own contract and avoid paying a real estate commission that will Save You 6%. On a $200,000 property that could be $12,000... Also there are NO Loan Fees on owner finance transactions.

Owner financed sales can close FAST! Always use a title company or an escrow company to draft the paper work and close your transaction.

Title companies or escrow companies Will Not draft your purchase contract. You will need to create your own paperwork and provide escrow instructions to outline how the transaction will close escrow.

_____________________________________________

When I get involved in owner financing I like to have the property deeded into a "Revocable" Real Estate Trusts.

Then have some uninterested third party become the trustee with very clear instructions on how and when the transfer of title will take place...and what to do in the event the seller does not perform as agreed.

If the seller stops making the mortgage payments and you do not know about it the property could be foreclosed and you would lose your investment.

For a fee you can have the title company notify you if the seller stops paying property tax or has a notice of default filed.

A real estate trust will also protect you form the seller placing additional liens on the property or transferring title to someone not involved in the agreement.

Creative Financing real estate makes it possible for many financially responsible buyers that may have a hit or two on their credit to buy real estate.

_____________________________________________

In a slow real estate market sellers can find themselves waiting for months to find a buyer. This is the best time to look for potential sellers that may owner finance.

Many people through the years have ask me how to find wiling sellers. The answer is ADVERTISE... Sellers do not know you want to buy their property unless you tell them.

Before you start with creative financing real estate make sure you understand what you are doing because there can be pit falls.

CREATIVE FINANCING REAL ESTATE: Buying real estate with creative financing can turn into legal hassles sometimes, so if you know how to do your own legal work there is nothing to worry about. This is where you find the information you need: Jurisdictionary is the way to go if you have a pending lawsuit. Watch the FREE Instructional Videos. Left Side Half Way Down...

Home Page From: Creative Financing Real Estate

Contact Us

Privacy Policy