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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Omaha, NE
2
Votes |
13
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owner financing

Account Closed
  • Omaha, NE
Posted

hello I am new to investing, and with a bad credit history its impossible for me to get bank financing.  So owner financing seems to be a good option. My question is what contracts do I need. Where do I, or with whom do I file contracts. Is there a step by step process for doing owner financing? 

Thanks for the advice.  

Steven file, Omaha nebraska

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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
Replied

@Account Closed

Creative Financing involves

  • Acquiring properties sub2, lease option, wrap, land contract, installment sale on free and clear properties
  • Getting Private Lenders - learning about self directed IRAs, paying all cash
  • Getting Joint Venture Partners from business owners, paying all cash
  • Creating Joint Venture Partners with home sellers that are not wholesaling candidates - minor repairs - Give a note to home sellers, fix with private money, resell, pay off note in 4 months
  • Wholesaling to All Cash Buyers

None of these strategies requires personal credit or banks or personal guarantees.

See

http://www.biggerpockets.com/blogs/3-reiskills-and...

Don't be a One Trick Pony, 

Be a Transaction Engineer :)

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