I am in St. Louis, Missouri and the Downtown Loft Condo market is flooded! I have found one I like but have damaged credit and low/no cash due to divorce. Any suggestions?
Seller financing would be your best bet, but even with that option you still need a downpayment. Herbster
Thank you. I am a licensed realtor, could my commission serve as the downpayment? I was also considering offering the original purchase price, paying the condo fee only for 12 to 24 months. I am looking for someone who needs the write off by carrrying my payments for that time period…
I’m just assuming here, but if you’re a Realtor don’t you know who to ask about your commision being used as a downpayment? Herbster
Thank you. I am preferring to take the position right now to not pretend that I have all the answers. I wanted to see if there were any techniques spawned due to this cycle of excessive inventory of properties for sale. If someone can explain my inquiry to me as if I were a two year old…
GUESS WHAT? Check out the free ebook “Owner Will Carry” on REI Club website. I feel more confident about the process of owne financing…
Ship, I can’t count how many times I’ve mentioned that book here. An even better one would be “streetwisesellerfinancing” by Eddie Speed at Colonial Funding. Ask your broker, title co., attorney about using your commission. Herbster