Hi all;
I am trying to utilize owner financing in order to purchase some SFH’s. I have been working on LO’s and am familiar with the usage of those. I am still learning the ropes of constructing deals with owner financing. I need to practice creating offers and finding sellers who can do these deals. If I can find one, does anyone have any kind of general contract I can look at to modify to my needs? Or can you just use a standard purchase contract and modify to account for any owner financing? Thank you for any advice!
For advice download and read the free ebook on this site. Its called Owner Will Carry in the free books and audio’s. Depending on your state you’ll need a Land Contract, Contract for Deed or an Installment Contract form. If you want one email me. Herbster
I use my state’s purchase agreement when purchasing with land contracts, one form of owner financing. there’s a space on the end of the contract titled “additional provisions” where I can put the general terms of the land contract, ie length, interest rate, etc.
hey everyone,ok i just got a list of wholesale homes .im looking to owner finance one of them.i was toll the owner is giving me two years to pay off the loan.which is ok but,in the contract its said as is and i pay for back taxs , repairs etc.I never did this before.I have a one investment pp buy fha loan.I wish to buy more pp but my credit is bad .Is owner finance the next way in real estate ?by the way this my first time on this site.thank you for your help