Owner financed properties are a tremendous way to acquire commercial properties with creative financing. The pluses are obvious: no need to apply for a bank loan, typically favorable interest rates, and considerable flexibility in amortization schedule.
There are, however, some draw backs that stop most from buying using owner financing.
Many strong income producing properties do not offer owner financing. It’s the “dogs’ that don’t sell, where the owner is suddenly getting desperate and wants to play bank.
Then, once sellers offer owner financing, you end up paying a premium since you are not a “cash” buyer.
Last, and certainly not least, many people do not have the required 10%, 20% or even 30% that many sellers require. It seems that while there is no credit required, there is a LOT of money required to get these deals done!
Well that is where we come in.
We can show you how to use seller financing to make your deals “no money down” even when the seller did not offer to finance the property for you. We can show you how to buy with seller financing AND at the same discount is if you were paying cash! We can also show you at least 3 reliable sources for finding the down payment that comes with most seller financing deals. What’s more important, two of these down payment sources do not require any credit on your part!
So what are you waiting for? Let’s put a property under contract and close a commercial deal in the next 30 to 60 days!
There are, however, some draw backs that stop most from buying using owner financing.
Many strong income producing properties do not offer owner financing. It’s the “dogs’ that don’t sell, where the owner is suddenly getting desperate and wants to play bank.
Then, once sellers offer owner financing, you end up paying a premium since you are not a “cash” buyer.
Last, and certainly not least, many people do not have the required 10%, 20% or even 30% that many sellers require. It seems that while there is no credit required, there is a LOT of money required to get these deals done!
Well that is where we come in.
We can show you how to use seller financing to make your deals “no money down” even when the seller did not offer to finance the property for you. We can show you how to buy with seller financing AND at the same discount is if you were paying cash! We can also show you at least 3 reliable sources for finding the down payment that comes with most seller financing deals. What’s more important, two of these down payment sources do not require any credit on your part!
So what are you waiting for? Let’s put a property under contract and close a commercial deal in the next 30 to 60 days!
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