Finding Owner Finance Without The Hassle
Okay hey y'all, this is gonna be a super short post just because I've noticed a lot of discussions lately where people talk about finding FSBO properties through all the normal mediums. However, those of us in Houston (I'm sure this must exist elsewhere but I don't honestly know) have a huge tool at our disposal that I don't see enough people talking about: HAR. If you go to HAR and search for the given types of property you are looking for, you can add in the filter of what type of financing the property accepts, and Owner Finance is one of the options you can check. From there, you can simply email the listing agents and find out if that is in fact accurate (I haven't yet seen a circumstance where it wasn't, but always good to ask) and to get the terms they're offering. They usually... Really suck, like wanting 40% down and 12% interest kind of suck, but there are a solid number that are pretty decent as far as what they're looking for. And remember, you can always refinance out of these deals, the main use of these is just for that foot in the door! As of right now, I think I have the terms of somewhere around 10-15 properties in the Houston area sitting in my inbox, ready for me to pounce on if ever I have the ability and desire. Super neat, super cool, go forth and do awesome things!