Are you having trouble selling your rehab project in today's market? Why not offer seller financing? You can sell the property for top dollar faster. The best part is that you don't have to wait for the payments to come in over time, because you can actually sell your seller financing to an investor who buys these.
Yes, you can sell your seller financing to another party for a lump sum of money right now!!! What you sell is your note to a note buyer!!! Now, note buyers do not buy just anything. The notes they buy must meet thier investment criteria or else they will not buy it or offer a lot less then what the note was created for.
In todays current market, most note buyers will want to buy notes collateralized by residential or commercial real estate. With residential real estate they will want to see credit scores 625 or higher for a top dollar offer. Anything below that they will start discounting their offer.
They like to see LTV's of around 80-90% of LTV for residential properties with credit scores of 625 and higher. If you buy your rehab deal and rehab for low enough, you will have your loan bought for top dollar and profit when the note buyer buys even if they offer you a discount.
A note buyer can offer a full purchase or even a variety of different types of partial purchases. A partial purchase will offer to buy a certain portion of payments for a smaller discount. You will see less of a discuont from partial purchases then full purchases. You can sell portions of your note over time.
It is another option to consider.
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