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 market, acquiring 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. Read the rest of this entry »

For all this week, I’ve been working, shadowing Jason Rodriguez as he guides me in making $10,000 in just two weeks.  Never-the-less, I’ve still been working on my own deals and will have some new wholesale deals available soon for you eager buyers.  The market is soft, but properties are still selling and there are numerous deals to be made.  Notice I said made, not found.  That’s because great deals are made.  You can take an average deal and make it a great deal just by asking the seller the right questions. 

This is something that I’ve learned by working beside Jason Rodriguez.  I can’t wait to use his techniques to bring you the best deals possible.  It is the first of October and the year is drawing to an end.  But because of the “income tax credit” expiring and lenders wanting to clear their books, great deals are to be made.  If you have a property that you are looking to sale fast, look into offering some owner financing, especially if the buyer is a first time buyer.  You can collect an easy $8,000 down from your buyer and have a great payday…  This is just FYI.  I surely plan on taking advantage of this tax credit myself…  Send me an email and let me know what type of property you are looking for.  I look forward to working with you on your new purchases and even buying your old ones. 

Till My Next Post….

BTW, check out the “Extreme Real Estate Challenge” for details on the challenge and my progress.

As an investor, the idea investment is one that I can buy, sale, and make a modest profit with as minimum hassle as possible.  I imagine that this idea is basic with all investors.  Yet I don’t understand why more and more investors are not taking advantage of the current market by selling their investment properties with seller financing. 

Seller financing is my most preferred exit strategy for homes that I purchase via cash or subject to.  Seller financing offers more advantages to the seller and buyer. Read the rest of this entry »

9/18/09 UNDER CONTRACT, taking back-up offers

2107 & 2109 Little Ave.
High Point, NC
VIDEO LINK VIA YOUTUBE
List Price: $28,000 Total ERV: $60,000+
SUMMARY High Point Real Estate:  wholesale properties are 2bed/1bath sfr approx. 840 sqft each. The outside vinyl has been replaced.  Each need carpet, paint, water heaters, kitchen counters, sinks and cabinets.  One has some roof damage.  The houses are made out of concrete, very sturdy.   Will sell owner financing with $3,000 down, no payments Read the rest of this entry »