Real Estate has huge potential. Right now is one of the best markets that this country has seen. Houses are everywhere and people are making a lot of money.
For many they are watching this time go buy and hoping that they can invest into real estate. Maybe the way of assignment of contract is not for them. Maybe they cannot get a bank loan. What can they do to get into properties right now?
Seller financing. I know seller financing has been talked about in this forum and others. We do not, however, want to forget the huge potential this has to get people into properties right now.
Because sellers are increasing in their motivation our opportunities to get seller financing are improving. Sellers are willing to let you pay them month to month to take their house. Sellers, in a motivated state, often will not require credit scores, down payments, work history or other requirements sought by the banks making seller financing a viable way for most anyone getting into real estate to control real estate right now.
Generally we as investors doing seller financing will look for houses with equity in the property. But if the bank loan gets in the way you can create a wrap around mortgage. Knowing this can allow you to continue with seller financing with just about any property.
The only exception with this would be someone that is overleveraged on their home. You would need to do a short sale instead.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125