OK, you sold your property in 30 days by advertising “Owner Will Carry” (OWC). You received your asking price from a buyer who could not qualify at a bank. This buyer put 10% down, signed a Promissory Note with you at 8.5% and you closed in five business days. Sound good? Be sure to see [...]
These days, a smart investor is almost required to think outside the box. Last month, I wrote about seller financing from the buyer’s perspective. This month, we will discuss seller financing from the seller’s side. A seller-financed real estate sale is simply a real estate transaction where the owner of the property (seller) acts as the ‘bank’ or lending institution. The seller [...]
By Brent Sullivan As a smart investor, you should know the concept behind a No Cost Refinance. Although this concept currently applies to owner occupied homes only, it will help you understand how our industry operates. Here is an actual example: Mr. Jones came to me eight years ago and wanted to lower the rate [...]
Is it more profitable to pay cash for an investment property or get a mortgage? In other words, should I leverage my new investment property or pay cash? As we all know, the main advantages of owning rental real estate are: Appreciation, Cash Flow, Tax Savings and Mortgage Principal Reduction (Leverage). Appreciation: Even in our [...]