Posted by Pavon Bailey on March 01, 2000 at 14:57:02:
If you are making Legrand-type offers, and want to put off a payment, why not do a split funded deal. According to LeGrand, split funding is simply promising the seller that you will make a large payment, no interest, no monthly payments, in 6 months to a year. You ask: Where will I get that type of money to make a $125000 payment, for example? By selling the house. All LeGrand is trying to express is that many sellers will wait 6-12 months for their money if you ask. Plus, split funding will enable you to make tose “all cash” offers that sellers normally want anyway. I like the idea if you ask me. Hope this helps. Happy investing and FLAME ON!!!
PS-Look for the article on this website. It’s free.