So I just learned a new way to sell a house.  I have been an investor for quite a while and I have about and sold a lot of houses.  

So here is my new trick.  

I like to sell with owner financing, which is also how I like to buy.  In the past, I get a house on terms under contract and I find a tenant buyer with a good down payment and who can make payments above the ones that I am making to my seller, and I make a spread in the middle.  This method works just fine, but I do spend some wasted time dealing with people who have **** credit.  Some of them have good jobs, or bigger piles of cash to put up as non-refundable option deposits, but their credit knocks them out of the game. 

So, duh, why haven't I been putting them into credit repair?

Get this, my new technique is to take them into my buyer program, they put up the non refundable option consideration NROC, and I take a portion of that NROC to place them into credit repair, with the understanding that they have to rent the house for a 1-2 year period, a trial where they are responsible for all repairs and upkeep, but they are still renters, until their credit score improves to the point where I will owner finance them the house. 

This way, I get a really well behaved renter, and the NROC payment at the very least. 

In my best case, I get a renter for a year or two, then I get to sandwich myself into the house sale with a big spread because I am not selling my house at market price to someone who needs credit repair. Generally I move my price up 20% and I make interest on the payment amount amortized, so I am getting compound interest.  Generally I buy with no interest or straight interest.  So I create a secondary spread with the interest rate.  

Finally, I can even make money with the credit repair piece.  I get a commission of $150 for each person who goes into credit repair even if they dont ever qualify to buy my house. 

So I am getting money in the NROC

I am getting paid rent, where I make cash flow and give up zero equity  

I am getting 20% above market price for my house, so I make money even if I paid retail price to get the owner finance terms that I wanted. 

I'm also getting $150 for the credit repair portion. 

Lastly I have the potential to do this again with the same house if my buyer defaults down the road. 

So how is that for an idea?

To your success

Josh