With the economy and real estate markets on the decline seller financing is on the increase. The installment sale is being pulled out of the toolbox as an alternative financing method to conventional loans. As the owner financing method becomes a frequent topic among real estate agents, investors, and discussion boards there are inevitably some misconceptions being … [Read more...] about Top 3 Seller Financing Myths
seller financed seconds
More and more sellers are being asked to carry back a second mortgage for the buyer – especially with the banks still keeping a pretty tight reign on lending. While seller financing can be a viable alternative to bank loans when it is the buyer’s primary obligation or first lien, a second lien has considerably more risk. … [Read more...] about Should I Owner Finance a Second Mortgage?
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. When the bank loan and the buyer’s down payment don’t add up to the sales price, a seller might consider owner financing the difference. Here’s how a classic 80-10-10 worked with owner financing on a four unit residential property in … [Read more...] about Real Deal #149 – Seller Financing, Second Liens, and the 80-10-10.