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19 March 2024 | 17 replies
Happy to share my OOS investing experience.
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19 March 2024 | 8 replies
Happy to connect and chat more if you're interested.
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19 March 2024 | 11 replies
Happy to help on your real estate journey!
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18 March 2024 | 8 replies
Happy to link and share knowledge.
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19 March 2024 | 18 replies
I'm happy to help you model it out as I'm interested in what the analysis will tell us but I need some more info.
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19 March 2024 | 3 replies
Always happy to help!
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18 March 2024 | 15 replies
I’m not happy at all right now.
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17 March 2024 | 24 replies
@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense