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Updated almost 12 years ago,
where is the end with Owner Financing?
Hello everybody
I'm Investor outside of the country and investing in the Detroit market.
my target is buy and hold for now, and I been buying with cash only since I started. lately I became aware to the Owner Financing option.
some seller are OK with me not providing SS# or credit since I'm out of the country.
here is my problem. lets say I have a positive cash flow for $5000 a month. sometimes its enough to put down in a Owner Financing deal since the prices I deal with are from 30-50k.
the question is where do I know where to stop? It looks to me like I can leverage my self and buy a new property every month but I don't want to to get to a situation that every little bump can kill me with foreclosed on these properties.
leverage is important to me since I cant get any finance from any banks in the US for that.
thank you