Creative financing
3 Replies
Justin Insley from Joppa, Maryland
posted over 2 years agoSteve Vaughan Investor from East Wenatchee, Washington
replied over 2 years agoHi @Justin Insley . Conventional and FHA loans, in my experience, are approved on the Cs of the borrower. To obtain financing based on the income of the asset, you have to get into larger commercial properties. Could still be residential, but over 5 units at least. Why do you think seller financing isn't feasible?
Justin Insley from Joppa, Maryland
replied over 2 years agoOriginally posted by @Steve Vaughan :
Hi @Justin Insley. Conventional and FHA loans, in my experience, are approved on the Cs of the borrower. To obtain financing based on the income of the asset, you have to get into larger commercial properties. Could still be residential, but over 5 units at least. Why do you think seller financing isn't feasible?
It's feasible just not as common from what I see as acquiring a loan from a bank. And every owner I have come across this far wants full sale price at close.
Brian Gibbons Investor from Sherman Oaks, California
replied over 2 years agoAs @Steve Vaughan has said,
Any government program will be by the book: 1003 app, Personal Guarantee, DTI, etc.
Learn about 203(b)
http://search.usa.gov/search?affiliate=housingandu...
Seller financing is negotiated face to face,
not over the phone.
Start with a quality property and a motivated seller.
Search "how to negotiate with sellers Brian Gibbons"
http://www.biggerpockets.com/search?utf8=%E2%9C%93...
I have written extensively on that subject for over 5 years on BP.
Free eBook from BiggerPockets!

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.