Seller Finance Techniques & Structures
If you plan on having more than 1 or 2 houses or turning real estate investing into a full-time occupation you will quickly figure out that you need a lot of money, but not necessarily YOUR money. If you think you will just go to a bank and grab a 30-year mortgage for your next rental better think again.
Getting bank mortgages for rental properties is difficult on the best days. They require good credit, verifiable income, cash reserves, and a long time to get approved. When you hit investor loan number 4 the cash reserves, debt to income ratios and other requirements skyrocket. What is worse is banks will only lend on pristine ready to move in properties. Many properties investors like will never qualify for bank financing. So, what is an aspiring investor to do?
Come to the monthly PIN meeting on November 1st, 2022 and find out!
Michael Temple will be discussing seller financing. How to structure deals using it and how to combine it with some other creative deal structures to buy real estate WITHOUT using a bank.
Did you know you can make FULL PRICE offers and still make the deal work? If you want to learn how come on Tuesday, November 1st.
If you are new or experienced investor you can learn something new about buying real estate without a bank. Here is some of what will be covered:
· How to structure a seller financed deal when they still have a mortgage
· Discover how to pay 0% interest on seller finance deals
· IF you must pay interest how to do it in a way that makes your deal work.
· Figure out how much the payment should be to cash flow
· What to do if the payment is too high and you need to make more cash flow
Creative finance is a skill every real estate investor needs to know. If you want to learn how to start building this skill for your next investment deal, make sure you are at our meeting on November 1st.
Michael Temple
Michael has worked as a self-employed digital marketing consultant for the last 18 years. He owns Temple Development Corporation a digital marketing and media company. He has been investing in real estate since 2008. He has a portfolio of buy and hold properties, notes, options, and occasional flips. He has used seller financing in his own investments with great results.