In an effort to sell fast and stand out from the crowd, sellers are turning to the owner financed installment sale. By accepting payments over time from the buyer, the seller provides an alternative to bank financing. This attracts more buyers and helps the owner get attention in a market flooded by oversupply from foreclosures. Of course sellers don’t want to jump from the … [Read more...] about 5 Owner Financing Tips for Sellers
cash flow notes
Questions on Selling Mortgage Notes
Owner financing is on the rise with more sellers agreeing to accept payments from buyers. There are many reasons people agree to a carry-back real estate notes including: Quick sale of the property Monthly income from the note No hassles of bank financing More qualified buyers Property that is hard to sell or finance Rather than waiting 20-30 years for payments, … [Read more...] about Questions on Selling Mortgage Notes
Guru Rhymes With Screw You
gu·ru [goo-roo] – noun Any person who counsels or advises; mentor, or a leader in a particular field. Based on the definition above, there are several of us in the seller-financed industry that might be considered ‘gurus’. After all, we post helpful articles on websites such as this one, and offer guidance to those who ask follow up questions. We teach at industry … [Read more...] about Guru Rhymes With Screw You
How Note Buyers Verify Taxes and Insurance
If you plan to sell a mortgage note be ready to show the buyer is keeping real estate taxes and property insurance current. Follow two easy steps to protect the promissory note and demand top dollar from investors. … [Read more...] about How Note Buyers Verify Taxes and Insurance
Let’s Be Brutally Honest About Real Estate Notes
There is a difference between being honest and being brutally honest. For example, if I ask my wife if my new sweatshirt makes my gut look big, an honest answer might be “Kinda”. A brutally honest answer would be “No, your gut makes your gut look big.” As someone who has taken literally thousands of phone calls from note holders, I’ve always been honest, but I’ve never … [Read more...] about Let’s Be Brutally Honest About Real Estate Notes
