Can’t find qualified buyers - Posted by Matt R.
Posted by Matt R. on February 12, 2001 at 12:20:56:
Here’s my problem. I was able to buy several properties a deep discount. A couple of mobile homes (land included) and a couple of houses. I currently have them listed with real estate agents hoping for a conventional sale. These listing prices range from $20,000 up to $65,000, and all are located in fairly rural areas. The problem is that the people who have been interested in buying homes in this price range either don’t have enough cash for down payment, or have poor credit. What do I need to do to get these things sold. I paid cash for these homes, so there is nothing owed on them. Would like suggestions on how to get financing for these people (owner financing, hard money lender, simultaneous closing…) I’m not really interested in owner financing them over the next 15 years, buy I need IDEAS!!!