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Tax Credit Closing Date Extended

Posted on July 01, 2010 by admin

There have been a lot of reports about a potential extension of the $8,000 Homebuyer Tax Credit and those reports are correct. Well actually the tax credit itself hasn’t been extended but the deadline for purchasing real estate has, as long as there was a signed contract by the original signing deadline of April 30th. Now homeowners who were under contract to purchase a property prior to April 30, 2010 will have until

List of Hard Money Lenders

Posted on January 11, 2010 by admin

Though the market is down and real estate is unstable, there are still a number of hard money lenders available, if you know where to look. A hard money loan is an alternative means of borrowing apart from the traditional lending industry. Hard money lenders are individuals that are seeking to get a “more then average” return on their investment.

Owner Financed Homes Available

Posted on January 01, 2010 by admin

Today’s economy is making it very difficult for average hard working people to qualify for a loan to purchase a home. As a real estate investor, I must adapt to the current market and provide the needed element to be successful. And as of now I see the need for homes to be sold with owner financing. This will open up the number of buyers available to a home and give the seller a higher probability of selling.

In order to meet this demand for owner financed homes, I’ve created a new website where I advertise my owner financed homes to the general public to view. There are interior and exterior pictures, details of the home, and buying options available.

Agreement for Deed Explained

Posted on December 29, 2009 by admin

In today’s real estate market, the lending guidelines are so tight that normal blue collar people cannot qualify for a loan to purchase a home. Due to these tight lending guidelines, the market is suffering tremendously and sellers have very few options. One option that is shining enormous light on the situation is seller financing, also known as “agreement for deed” or a “land contract”.

Sources for Down Payments when Selling via Owner Financing

Posted on October 29, 2009 by admin

In today’s market, financing has become a challenging issue for a number of potential buyers. To avoid this challenge, I’ve incorporated owner financing as my exit strategy for a number of my homes. This strategy works well because there are a number of buyers that can afford the home. As an investor, we make a bulk of our money on the down payment. So it is very crucial for an end buyer to put down as much as possible for the down payment in order for investors to make the deal feasible for them. A lot of times, we as investors must stimulate the buyers mind so that they realize that they have funds available in different resources.

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