Should you obtain multiple investor quotes when selling a note? There are two differing camps of opinion based of course on one’s perspective. … [Read more...]
What is a Real Estate Contract?
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Sellers providing owner financing might elect to use a Real Estate Contract, Contract for Deed, or Land Contract to document the transaction rather than a Note and Mortgage or Note and Deed of Trust. There are both advantages and disadvantages to carefully consider when choosing a Contract. The big difference with a Real Estate Contract is that the buyer will not receive the Deed to the property until the full amount the seller financed is paid in full. The seller remains the title holder … [Read more...]
Structuring Notes for Top Dollar Pricing
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The terms of owner financing dramatically impact the price an investor is willing to pay should the seller ever decide to sell their note, mortgage, trust deed or contract. Use these optimum terms to structure a seller financed transaction for top dollar pricing. … [Read more...]
Real Deal #144 – Mixed-Use in Oklahoma
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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 to meet the repayment needs of the buyer. … [Read more...]
Real Deal #143 – New York Church Note
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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...]
Real Deal #142 – Balloon Note in Florida
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. It was a nice home in Florida with the seller asking $234,000. The buyer was eager to purchase the property and had saved almost 10% for a down payment. There was only one problem. The buyer was unable to obtain a conventional mortgage loan due to some past credit issues, primarily attributed to medical bills. Seller financing was the solution. … [Read more...]
Real Deal #141 – Bagel Business Note
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Dream of owning your own business? Seller financing helps many business owners reach this dream. Traditional bank financing can be difficult to obtain when the sale of a business does not include real estate. The Bagel Shop and Deli note highlights how owner financing can be an effective solution. … [Read more...]
Real Deal #140 – Retirement Account Purchases Texas Note
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Small balance notes are often passed over by larger institutional type investors. This provides high yielding investment opportunities for private investors and self-directed retirement accounts. This well-seasoned transaction … [Read more...]
Real Deal #139 – Washington State Land Note
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. A land developer sold 10 to 20 acre tracts of land in Northern Washington State. Knowing land can be more difficult to finance … [Read more...]
