Updated almost 11 years ago on . Most recent reply
owner financing
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
Most Popular Reply
@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 :)



