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Private Lending & Conventional Mortgage Advice

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Nikhil Nirmel
  • Investor
  • united states of america
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31
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How to find owners who would sell home equity?

Nikhil Nirmel
  • Investor
  • united states of america
Posted Jun 22 2020, 19:35

I have a program that allows high-equity property owners to sell a fraction of their properties' eventual sale price to buyers, simulating the sale of home equity. After quite a bit of work, I've got the investor side lined up, but now I'm struggling to find property owners who want to get cash out of their property by selling equity rather than borrowing against the equity. Most high-equity owners I talk to are not looking to reduce their equity position, and those who are, seem to feel more comfortable with the traditional home equity loan or reverse mortgage route. Any tips on how to identify owners who would be motivated to sell equity as a method of cashing out or refinancing? I'm looking into tax delinquent, inheritance, absentee leads. Could use other ideas.

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