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
By
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
By
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 #137 – Condo in Florida
By
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. A developer successfully completed a nine-unit condominium building and sold … [Read more...]
