here is one you haven't used!!

[Rich Weese]

Today I closed on another home. You'll think Ive lost my brain when I tell you I carried it at 5% ANNUALLY!! I sometimes receive that on a monthly rate on HMLs for short term.

Now, the rest of the story as Paul Harvey would say. The payment is $1000 per WEEK till paid. This is the 3rd property I've done this way in less than 12 months. Some buyers can't qualify and maybe never will be able to qualify. There are a lot of people that make loads of money, but for one reason or other, can't go to institutional lender. These properties are all in SO. TX and the word is now getting around to buy homes and lots from me. Pretty cool.
Not for every one. Homes need to be free and clear. Also works well for foreighners that want a second home in the U.S. Down payment is subject to negotiation. It puts another bullet in your holster for selling in certain situations. I'm sure you could get fancy with this and do it as a wrap, as long as you covered underlying loan at same ratio. CONTACT LEGAL ADVICE!!!!!!!. Rich