In today’s real estate market we have real challenges that most people don’t have any idea how to control, but the few who do will profit tremendously, and will do so regardless of how the market goes. Creative financing is something that most are unfamiliar with because we throughout our lifetimes are taught not to rock the boat, or not to try things that are not of a conventional nature, but those who will think outside the box, and be willing to get out of the comfort zone, and actually do something will become very wealthy when others all around them are failing to successfully flip their re-habs, or to acquire acceptable renters for their rental properties etc. Conventionally I would find a buyer, get them qualified at the bank, and work towards closing the sale. If the buyer is not able to get the bank to qualify them conventionally you would walk away, and look for another qualified buyer, but have you ever considered marketing to a non conventionally nonqualified buyer, Someone with ether no credit, or somewhat questionable credit? This is called seller financing. There are many people that want to experience their American Dream, but because of various reasons cannot get a conventional loan to buy their dream home. So what do you do in this situation? 1) You will have to be the bank for this deal, and normally you would be stuck with small monthly payments instead of all of your cash. Something that many are not willing to do, but you will not have to worry about this, because I am going to reveal to you a technique that very few people know about today. Techniques that only banks, and insurance companies capitalized on in the past, but today there is market of investors focused on the private market (You, and I), and they are Cash Flow specialists. These Cash Flow Specialists work with note finders that help them to locate these type of seller financed, real estate secured notes, seller carry back mortgages, land contracts, promissory notes, trust deeds, installment contracts, etc so that they can purchase them for their personal investments. Note finders assist sellers with their immediate problems, and helps to locate buyers that will offer them all cash now for their note so that they don’t have to settle for the small monthly payments. You would do the same things that you do to qualify your conventional buyers. Check their credit, and determine the reasons for any inadequate credit ratings. Terms, and interest have to be adjusted for the risk.(.Higher interest rates as well as an inflated down payment, dependant on the condition of their credit rating, because if they don’t put anything of value towards this purchase then there will be no motivation for them to follow through with there responsibilities, and the inflated price will help support the risk. Many of these folks are more than happy to pay the inflated prices just to acquire the dream home that they could not qualify for conventionally. The inflated prices are the costs of doing business in the short term for them to either create their new credit, or to repair their now questionable credit. They will in the near future if they pay their payments on time be able to re-finance at a much lower rate, and they will be on their way to their new life of financial leverage (credit). If you are one of those people that want so badly to experience your American Dream, but circumstances have prevented you from being able to qualify for sufficient credit you may consider looking through newspapers for homes for sale that indicate that the owner may be willing to finance the down payment, or pay for closing costs. If the owner will finance your down payment then getting a loan for the balance is going to be no problem. The main lender will be much more relaxed with loaning you the balance knowing that he has equity in the form of a down payment on the property to cover himself in case of default. If you would like to use a broker to find your home, but you know that you don’t qualify conventionally you are probably not going to have much luck finding one unless you find a broker/investor that is familiar with seller financing, and they may have knowledge of property for sale with the offering of taking back a note for the buyer. With the slow selling market that we are in now there are many sellers that are using seller financing as an incentive to selling. It works great! You can sell a home for full value and often more than full value even in this slow market just for the buyers benefit of acquiring their dream home. If you are a seller this creative financing technique will move your properties when no one else can move a property, and if you are a buyer opportunities are ripe for the asking. You can get a lot of benefits buying today. People are having so much trouble selling that many are giving their homes away at losses which is bad for them, but it could be good for you as a buyer, and if you are willing to ask for seller financing assistance from the seller you may just get that Dream Home for you and your family at a Dream price. xml version='1.0' encoding='%SOUP-ENCODING%' For More Information Go To:http://www.CashNetworkOnline.com ...read more
By TTLatham Investments August 03, 2011
Cash advances and/or payday loans are available from several different loan companies. In fact there are probably several within your own city. These companies offer a temporary solution to your money needs. However you may not receive the amount of money you require by obtaining just one. ...read more
Teenagers need another source of money other then their parents, as they are constantly on the go. If you are a teenager you have many options to make money outside your chores. Here are some guidelines that you can follow to learn how to make quick money while a teen. ...read more