Cash Flow Investor

Are you having a hard time selling you house? Has you house been on the market for months without a buyer that can qualify for a mortgage. Today banks have basically closed the door on many mortgages, it’s harder for a buyer to get a mortgage which leaves the investor stuck with a property, they can’t sell and paying the monthly holding cost.

I’ve talked to a number of investors recently that are in this predicament, hoping and wishing that their realtor for find a buyer. Well in todays market you have to make every option available and an often overlooked strategy is seller financing. Basically you hold the note, either for cash flow (which can be better than rent and removes you from having to maintain the property) or to immediately sell the note and get your cash.

Seller financing is not new, in fact before the securitization of mortgages (basically before mortgages where bundled and sold in buckets to investors worldwide) many homes wher sold with the seller holding a note. The note as usual is completely secured by the property so the risk is about the same risk the bank assumes (assuming you did your due diligence).

Anyway, when you do the math on the seller financing, it isn’t bad (I have a Youtube Vide that shows the math) or you can sell the note at a discount to a note buyer (we can help there).

Here is what you (the investor needs) to sell the note

• Pricing Request Express Worksheet
• Appraisal – preferably within past 60 days (if available)
• A zip file or web link containing least 15-20 interior and exterior digital photos of the property
• Description of property (Realtor listing preferable)
• Description of major improvements in past 18 months, if any (Spreadsheet preferable)
• Accompanying receipt/contractor bill breakdown for each major improvement
• A copy of the original purchase contract
• Copy of title with legal description

Here is what you need from the buyer

• Copy of Buyer’s Driver’s License
• Typed 1003 in PDF format
• Credit report within past 60 days (if available)
• Bank or Securities Statement showing 5% funds available for down payment
• Signed Purchase Contract
• If buyer is an investor, pre-leases signed by tenants for any non-owner occupied units

You basically have the realtor list the property and in the notes include that the you are willing to accept seller financing and then you advertise the property as “Seller Financing, Avoid banks, Credit Checks etc), (If it where me, I’d handle the online advertising) (we can help)

The worst that can happen is the same thing thats happening now, the second worst thing that could happen is you get a list of potential buyers and one may qualify for normal financing and the best that could happen is the damned hose is sold and you get your money. In any case at least something happened.

What’s the definition on insanity (Doing the same thing over and over and expecting a differnt result) do something different

Dedicated to your success and let me know if I can help