Many sellers accept owner financing without any idea of how much the buyer can actually afford to pay. The last thing a seller wants is to stress over receiving monthly payments or worse, getting the property back through foreclosure. Use these three simple methods to determine how much the buyer can afford before accepting seller financing. The amount a buyer can afford to … [Read more...] about How Much House Can the Buyer Afford?
Archives for September 2008
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. The creation of a note does not always follow a straight path. Often the terms are modified to fit the needs of the transaction. This note in Oklahoma started out as a sale of business, then included real estate, and was eventually modified … [Read more...] about Real Deal #144 – Mixed-Use in Oklahoma
Many cash flow professionals are familiar with placing advertisements offering to purchase notes yet few take advantage of a technique we call Reverse Ad Marketing. This is one of our favorite note marketing methods based on the simplicity, effectiveness, and minimal cost.Essentially, potential clients are paying the marketing cost by placing their own ads offering property for … [Read more...] about Finding Mortgage Notes with Reverse Ad Marketing
Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference usually comes down to the big three. Here’s the three biggest mistakes note sellers make and how to avoid flushing money down the drain. … [Read more...] about Avoid Three Costly Mistakes!
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Think it’s hard to get a home loan? Imagine the challenges that come with financing a church! Here’s how seller financing offered a creative solution to provide meeting space for a New York congregation. … [Read more...] about Real Deal #143 – New York Church Note