We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
November 28, 2022, 01:49:59 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
November 28, 2022, 01:49:59 am
Home Help Search Calendar Login Register

Author Topic: HOW CAN I SELL PROPERTIES TO PEOPLE THAT HAVE TROUBLE GETTING A LOAN.  (Read 1746 times)

Offline eagleeye

  • Member
  • *
  • Posts: 2
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?

Offline 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.
If you like rock music, check out www.Lynamsucks.com
New EP titled "Halfway to Hell" is now available!
Check out the merch store on Lynam's website.

Offline kelran

  • Member
  • *
  • 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 »

 




SMF 2.0.15 | SMF © 2017, Simple Machines