Creative Financing
Got Empty Houses? Need Owner Financed or Rent-to-Own Buyers?
Apr 28th
Do you have any houses in your inventory you’re looking to sell with rent-to-own or owner financing?
I manage over 100 owner financing websites in all 100 major metropolitan markets in the country. In over 50% of the markets these sites are #1 on Google. In another 40% they are in the #2, or #3 slot.
Remaining sites are all on the first page of Google.
These sites are generating rent-to-own and owner financed buyer leads nationwide. Currently I’m getting a new lead every other day from this network of sites.
If you have an owner financed or rent to own house in one of the major metro markets you’re looking to sell – we should talk.
Here are some buyer leads I have right now (most wanting to move immediately or within 30 days): More >
How To Attract Owner Financing Homebuyers
Apr 12th
I got several emails with questions about how to promote an owner financing site that generates homebuyer leads with people who want owner financed houses.
There are quite a number of ways. One of the simplest ways is to create a basic video and distribute it to video hosting sites like YouTube.
It doesn’t have to be fancy, it just has to communicate to home buyers who seek homes with owner financing. Here’s an example for my site Austin Owner Financing.
Click on Image to play.
1 Day To Owner Financing Buyer With Money In Hand
Apr 9th
I’ve been telling you about the fact owner financing can be the quickest way to draw out buyers with money to you.
Here is an example.
Yesterday afternoon I put up a brand new website called California Owner Financing .com As the title suggests, this site targets owner financed homebuyers in the state of California.
This morning, less than full 24 hours later, a buyer found this site and submitted a long application to buy a home in Placer County, CA.
See a screenshot from my email with the lead below. Click to enlarge if needed.
He has $5,800 a month paycheck and $5,000 in cash to put down. He’s looking for something with $2,000 a month payment, but is willing pay EXTRA $500 a month.
Do you see how this tight & highly challenging for many buyers mortgage financing climate puts you, a real estate investor, front and center of people looking for easy to get in homes with owner financing?
Right now you can take over houses with existing financing from people who can’t sell them, with no money down — and turn them over to buyers scouting owner financing websites with cash down payment funds in hand.
Many of them are willing to pay extra monthly to get in, IF you ask. I always do on the application on my websites.
Since YOU are the one extending owner financing – YOU are the bank. All approvals can be given on the spot. Buyers could be moved in quickly. No long, drawn out applications, qualifying for loans, etc.
No need to rely on wholesale cash buyers to bail you out. You don’t need private money lenders either. And you sell the house for a full market price, no discounts.
But here is the part I like the most. You can take over a house with existing payments of $2,000 – the kind this particular buyer wants. Then you sell it to your buyer. However, you structure your owner financed payments so the buyer pays you $500 a month extra.
After all, on the application he indicated the willingness to do so, didn’t he?
So you end up with the $5,000 cash down payment from the Buyer PLUS $500 a month NET cash flow stream on a house you bought without money… and instantly resold.
This is the biggest opportunity today that doesn’t require any cash or credit from you to get into the game.
It’s not the cash and credit that you need, but the SMARTS and willingness to take action while other are running for the cover. Feel free to post your thoughts on this matter.
By the way, Bill Bronchick owner financing course will help you get started with no money down and no credit investing.
Success Stories: Creative Financing Strategies
Mar 17th
Success Story #1. A beautiful home for yourself – no money down, no credit.
This investor stumbled upon a beautiful executive home (almost brand new) in a highly desirable area.
The owner had problems selling. so she made an offer to take over payments without any down payment. To her surprise… the owner took the offer. Now she lives in this almost new home in a highly desirable area.
Success Story #2. A big $62,000 check after an owner financed house flip. More >
I’m Broke But I Still Want To Make Money In Real Estate
Mar 17th
If you feel like mortgage lenders (and the rest of the World) conspired against you because of where your present finances are – there is hope.
I’ll probably offend a few people, but I’ll just spit it out like it is. If there is ONE force in the Universe that can stop you from building a better present and future – it’s YOU.
Not lenders, not your current financial situation, lack of cash or credit. It’s your lack of knowledge of how to make it happen, DESPITE lack of money.
It’s true, lots of red tape is out there. It could get in your way of buying houses and making money unless you have alternatives. Fortunately, with creative financing there are many. More >
Who is in control of your real estate closing?
Mar 16th
I said it before and I’ll keep saying it until my tongue bleeds: “Checks with your profits are cut at closings”.
Inexperienced investors give little thought to the degree they control a real estate closing environment where their profits are at stake. Sometimes little things could mean ALL the difference between you getting a check at a successful closing…
OR
That closing blowing up right in your face and depriving your family from money you were counting on.
The most frustrating thing is Buyer financing. After all, you’ve done EVERYTHING you were supposed to:
- Found a houses
- Negotiated the price with seller and signed a “buy” contract
- Cleaned it up (if applicable)
- Found a buyer and signed a “sell” contract
What else is there for you to do but to get paid, right?
WRONG! More >
Webinar: Creative Financing For Real Estate Investors
Mar 15th
Did you know that most real estate agents and title companies don’t understand creating financing in all of its profitable forms.
They have no clue how to close lease/options, contracts for deed, wraps, and won’t help you use these valuable tools. Even amongst attorneys very few understand the process and have real life experience with purchase and sale of real estate using these mehtods.
Those that do, charge a substantial fee!
This week on our “creative financing strategies” training call for real estate investors More >