No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information
Welcome, Unregistered.
User Name
Forum Links
Site Navigation
Real Estate Resources
Go Back   Real Estate Investing > Real Estate Resources and Tools > Mortgage and Finance
Thread Tools Search this Thread Display Modes
Old 09-28-2005, 07:20 AM
Posts: n/a
Default sell on contract, sell contract at closing

If you offer a house or condo for sale with owner financing, 5% down,
we or our investors will purchase the 95% LTV owner financing note
for about 90 cents on the dollar AT CLOSING, provided that the buyer
is going to live in the house and has OK credit. It doesn't have to
be great credit, but please, no recent bankruptcies, foreclosures,
etc. Price the home at full appraised value. We can also do this
with duplexes, triplexes and fourplexes, but with multiple units you
may have to carry back a small second.

We prefer a 30-year amortization note with no balloon payment or
prepayment penalty. The interest rate you charge is up to you.
However, once we examine the buyer's credit report we will tell you
what interest rate would maximize the payout to you at closing. Call
us at any time to discuss what the prevailing rates are for seller
financed notes.

Ad suggestion: Begin the ad with "Owner Will Finance." You also
should mention that a down payment and recent OK credit will be
required. This is to screen out "nothing down" and bad credit buyers.

Mark Hovila
Kelvin Capital
800-586-2099 or 206-368-7633
fax 206-306-1917
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

All times are GMT -8. The time now is 11:58 AM.

Powered by: vBulletin Version 3.0.8
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 2.4.0
Copyright 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.