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February 01, 2023, 10:17:37 am
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HOW CAN I SELL PROPERTIES TO PEOPLE THAT HAVE TROUBLE GETTING A LOAN.
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Topic: HOW CAN I SELL PROPERTIES TO PEOPLE THAT HAVE TROUBLE GETTING A LOAN. (Read 1772 times)
eagleeye
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Posts: 2
HOW CAN I SELL PROPERTIES TO PEOPLE THAT HAVE TROUBLE GETTING A LOAN.
«
on:
March 23, 2010, 10:14:08 am »
HERE IS MY IDEA. I WANT TO PURCHASE HOMES WITH HARD MONEY AND SELL THEM TO PEOPLE THATS HAVING TROUBLE GETTING QUALIFIED. IS THERE SOME SORT OF CREDIT REPAIR PROGRAM THAT HAS A SHORT TURN AROUND TIME. AM I BEING REALISTIC WITH MY IDEA?
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justin0419
Member
Posts: 2489
Re: HOW CAN I SELL PROPERTIES TO PEOPLE THAT HAVE TROUBLE GETTING A LOAN.
«
Reply #1 on:
March 23, 2010, 06:22:00 pm »
You could provide seller financing to them, but I wouldn't want to do that with hard money. The rates/fees are too high and you'd have to re-fi it out of HM anyway. Also consider there's probably a good reason these people can't get loans from the banks. Their credit had to get trashed somehow.
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kelran
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Posts: 12
Re: HOW CAN I SELL PROPERTIES TO PEOPLE THAT HAVE TROUBLE GETTING A LOAN.
«
Reply #2 on:
March 28, 2010, 10:08:49 am »
try lease option or rent to own. but make sure they can aford the payments. as you are the bank.,
«
Last Edit: March 29, 2010, 02:12:41 pm by kelran
»
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