How do I get my buyers to refinance.

Question

I have some houses that I owner financed and or did a lease option on in the past. Some of these properties have 40 plus in equity. I know that the end game is to have cash flow, however I needs some funds now to take my business to the next level. How do I get some of these properties to refi?

Jeff Rabinowitz · Answer

If you wish to entice people to cash you out early offer them a discount on the payoff if they close within a specified period of time.

Account Closed · Answer

There are credit repair people and there are mortgage brokers, but if they would work closer together and/or be the same I would sure like to meet them.

Stan Butler · Answer

When you owner financed these properties, what were the terms??  Most people I know that owner finance do a 20 year amortization with a 35-month term (balloon).  Their goal is to get cashed out within 3 years.

How do I get my buyers to refinance.

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