I own a 3/2/2 nice home in Fl. Due to the economy I have rented the home for the past couple of years. Nothing is selling for retail due to the vast numbers of foreclosures and REOs.
So, I put on my creative thinking cap and came up with this.
I advertised on Craigslist. $25,000 down, owner financing. Gave a brief description of the house with 4 photos.
I got a call !!!!
I showed the house today and looks like we are going to contract!!!
Now, the WIN - WIN - WIN.
I am able to sell the house for what I am asking.
The buyer is able to buy the house because I am offering owner financing. He has good income but not so good credit due to a short sale he went through in another state.
I am going to sell the note to pull my cash out.
The note holder will be in a good position because the homeowner will have a considerable investment in the home.
All three of us are winners!
If you know of an investor looking to purchase a note please send them my way. I have a local person that is interested but I would like to look at all offers.