Re: Owner Financing ?'s - Posted by David Butler
Posted by David Butler on December 31, 2000 at 15:21:13:
Both Mike and Jon have offered some excellent observations… one of Mike’s perhaps being at the heart of the matter - that being that owner financing can be the best tool available in selling your properties in many situations (but not always… just like anything else). And Jon notes that in your instance, the sale of partials may very well be the perfect answer for recapturing your investment capital, while continuing to build an estate (which also reduces a great deal of transactional and tax “friction”)… a device that is already very popular with “Lonnie Dealers” in the mobilehome investment game!
You might find it extremely helpful to invest $30 in William Broadbent’s OWNER WILL FINANCE, an excellent primer on the subject… and invest another $40 in Jon Richards’ CALCULATOR POWER, which will definitely bring you up to speed in mastering the financing game… and demonstrates a broad variety of creative, and sensible, deal structuring scenarios.
You may also find it extremely beneficial to have a peak at our two FREE reports, USING DUE DILIGENCE TO CONTROL YOUR DEALS, at: http://notenetwork.com/at.cgi?a=118510&e=Reports/Due.Diligence.php3
and, NOTE GRADING/PRICING GUIDELINES, at: http://notenetwork.com/at.cgi?a=118510&e=Reports/Note.Pricing.Guidelines.html
Hope this helps, and happy selling
David P. Butler