Obtaining seller financing - Posted by Johnson


#1

Posted by Robert Hollander on October 22, 1998 at 20:32:10:

It is realistic…not all the time, but some of the time. If you can make a good offer to a motivated, flexible seller, they will carry that 20-30%. My goal is to not put up any of my own money, except maybe for closing costs. In addition to the usual rent and security deposit credits, you can even build in a 2-5% credit for purposes of “property improvement”.

I look for the Sunday real estate section.

And, the seller does not have to be desperate, just flexible and motivated…but desperation always helps.


#2

Obtaining seller financing - Posted by Johnson

Posted by Johnson on October 19, 1998 at 16:25:59:

How realistic is it to obtain seller financing to pay the mortgage company’s required 20-30% down payment? Do some banks allow for a less that 20% down payment with good credit? What resources have you guys found to be best for locating desperate sellers willing to put up cash?


#3

Re: Obtaining seller financing - Posted by Eufala McCombs

Posted by Eufala McCombs on October 28, 1998 at 15:17:21:

If you find someone first to flip the note to
you will have no trouble getting seller financing.