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 Read the rest of this entry »

Though the real estate market is down in most places across the nation, 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 financing apart from the traditional lending industry.  Hard money lenders are individuals that are seeking to get a “more then average” return on their investment. 

Below is a list of active hard money lenders. Read the rest of this entry »

Today’s economy is making it very difficult for average hard working people to qualify for a loan to purchase a home.  As real estate investors, we 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.  Read the rest of this entry »

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”. 

In a typical seller financing or agreement for deed, the seller/owner sells the property to a buyer for an agreed upon amount of money.  In essence, the seller is the bank.  The buyer makes a down payment then the monthly payments to the seller.  The seller does not transfer the title until the loan is refinanced or paid in full, thus the name “Agreement for Deed”. Read the rest of this entry »