captain newb here! :biggrin. Hey guys I am trying to get a handle on all this financing talk. Can someone give me the basic run down of owner financing. Who can do it? Why? Also If someone would go into purchasing a property through owner financing and refinancing? Thanks your all a great help.
To much to type. Do us all a favor and download the Owner Will Carry ebook in the left column its free, and then come back.
Thanx, herbster
The name says it all buddy. The owner of the building finances all or a portion of the purchase price to you at an agreed upon interest rate. That is the most simple definition I can give you, it can become complex, but you’ll learn that as you move along.
I’m doing a deal now where the owner is financing 20% and is also leasing back from me a portion of the building for a 12 month period. This is called a sale-leaseback, wonderful technique!
Good luck.
Forgot, here’s another free ebook,a little longer.Streetwisesellerfinancing by Eddie Speed. It can be had at www.colonialfundinggroup.com
If you have any problems getting it send me a PM and I’ll help you get it.
herbster