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Creative Real Estate Financing
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Updated over 9 years ago,

User Stats

12
Posts
1
Votes
Cameron White
  • Involved In Real Estate
  • Lehi, UT
1
Votes |
12
Posts

Creative financing closing??

Cameron White
  • Involved In Real Estate
  • Lehi, UT
Posted

I have been considering investing in real estate for quite some time now.  I do not have enough money to purchase a home outright and in a couple of conversations I have had, I have lost leads due to my inability to close quickly.  I have looked into the creative financing department and have found that it could be a great option for me... if I knew how to close the dang thing.

My thinking is that if I, for example, wanted to purchase a home and got a seller to carry a loan - I would need to pay this loan off and take title before I OWNED the home, in which case I could sell the home to another buyer.  Since I never really have had the money to own the home, and therefore never really own the home... How do I actually sell without taking title?  Does this require me to do a double closing and sell before I actually own the home?

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