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Updated almost 2 years ago on . Most recent reply

User Stats

35
Posts
23
Votes
Samantha Springs
  • Investor
  • Los Angeles, CA
23
Votes |
35
Posts

Creative Financing for Primary Residence in Los Angeles

Samantha Springs
  • Investor
  • Los Angeles, CA
Posted

Does anyone have experience successfully closing a deal using seller financing or subject-to in Los Angeles? I am looking to get into a new primary residence, but with interest rates what they are and in this market, I feel like creative financing is the only option. I've read Pace's book and consumed other content on the topic, but the examples always seem to be in much more affordable markets.

Any tips/advice/recommendations for title companies/attorneys that specialize in this area?


Thanks!

Most Popular Reply

User Stats

916
Posts
646
Votes
Jonathan Taylor
  • Lender
  • Los Angeles, CA
646
Votes |
916
Posts
Jonathan Taylor
  • Lender
  • Los Angeles, CA
Replied

@Samantha Springs look into NACA loan if you own zero real estate. This program advertises 0 down, 0 closing costs. I closed my house hack in Los Angeles with this loan. They lend on renovations as well (if you want to renovate a property) on a 30 yr basis.

This is a silver bullet though, once you use it you cant use it again until you havent owned real estate for three years. 

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