All Forum Posts by: Jacob Hanika

Hey Everyone, 

So I have found an off market deal where the owner wants to get rid of the home at $63k. Which puts our budget very tight for a flip with the repairs looking to be around 20-25k. 

I am having the thought of owner financing but haven’t done this before and am looking for help in understanding 100% but also explaining it to my wife who said no as she is an agent and has the fear of a due on sale clause. 

How do I start the conversation?

Will the due on sale clause come in effect? 

Is owner financing beneficial for a beginner? 

How does this work contractually for us to take ownership of the house? 

Does it make sense to do a owner financing if we don’t have a ton of cash? 

I hope this makes sense as I am still a newbie and want to do it properly. 

Hey, 

I’ve picked up the podcasts and be utilizing the knowledge that everyone has been sharing. I am new to Bigger Pockets and investing. We have one current property and looking to grow what we are doing! 

My name is Jacob Hanika and I am out of Omaha, Nebraska. I am learning the process and will probably ask a million questions to better understand flipping, rentals and everything in between. 

Jacob