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Updated over 16 years ago on . Most recent reply

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Fred Shandler
  • Real Estate Investor
  • Jersey City, NJ
1
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203
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Acquire a property via owner financing, the refi?

Fred Shandler
  • Real Estate Investor
  • Jersey City, NJ
Posted

Is this possible? I recognize that it would have to be allowed contractually, but is this a strategy that anyone has used?

Most Popular Reply

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296
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Jason F
  • Real Estate Investor
  • Gainesville, FL
6
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296
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Jason F
  • Real Estate Investor
  • Gainesville, FL
Replied

I love this method. I bought a house a couple of months ago from a lady that owned it outright and she agreed to hold the financing for a year with a little bit down.

I think this is one of the simpliest and most often overlooked way to buy RE. Its even better if you are a new investor.

Plus it is far easier to negotiate with a seller who stands to make a lot of money either way, than with a bank or HML.

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