Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago,

User Stats

34
Posts
2
Votes
Dave Humphrey
  • Real Estate Investor
  • North Canton, OH
2
Votes |
34
Posts

Private Financing Question

Dave Humphrey
  • Real Estate Investor
  • North Canton, OH
Posted

Does anyone use a third party to finance deals on land contract? I had a few good deals that didn't go through because of someone being in their home and not able to get another mortgage to buy my property and so forth. I would think that offering financing would be a major draw for a number of first time flippers and rehabbers.

This is the process that I was thinking about (Criticisms Very Welcome. Tell me if this sounds like a jackass idea)
-Find an end buyer for a home needing very little work.
-Contact third party to buy the home with hard money
-Negotiate the sale from the third party to the end buyer on a land contract (Or let them do it themselves.)

Does this seem like a crack-pot idea?