Posted by David Butler on March 17, 2001 at 13:20:53:
Hey… good for you! There really is a whole 'nuther side of the retail real estate market out there, and the real estate agents who grab hold of it will see a much better closing ratio for their efforts.
Here are some links to immediate discussion that should answer a great deal of your questions, fairly quickly and clearly…
REALTOR NEEDS GUIDANCE, posted by Patricia, Mar-15-01, 05:44 PM at:
You might also want to browse the product descriptions course material related to many creative financing approaches, particularly from an investor point of view (after all, investors buy a ton of property too, right?) - here on CREO’s bookstore pages at:
And to your last question… yes, the subprime lending industry exists exactly for the purposes you describe, and has exploded over the past few years. However, be aware that there are limits to everything - and after the blood bath these fellows have experienced the past two years with some very poorly underwritten high-risk loans… the subprime fellows have had to tighten up a little bit too. Still, there are some pretty loose programs available out there… you might want to visit Ed Garcia over at the “Financing Forum” to discuss this last questions a little further, at:
Okay… this should give you a good afternoon of easy-to-follow homework
Hope this helps, and Happy Dealsmithing!
David P. Butler