In the 21st century, everyone knows the word "gay" refers to people that are homosexual, but back in the 1950s, the meaning was contested. The alternate definition was "full of joy and mirth."
Can you imagine the confusion? Tell one group of people that you’re "gay" and they’ll assume you’re happy. Tell another group and they’ll […]
Hallelujah, you’ve found a seller willing to owner finance your real estate investment! Now what? Owner financing only benefits you when you can negotiate favorable terms. You need to understand how to structure your payments, interest rates, and term of the loan. Let’s look at each in more detail:
If you saw my father on a normal day, you’d feel sorry for him. His clothes are worn and coated with a mosaic of dirt, paint, and other unidentifiables. His boots are solid blocks of mud. His head is covered with a worn-out baseball cap, usually soaked in sweat.
You’d think he was a beggar. But […]
I was a little surprised, but apparently, some of you are wondering what I’m thinking about. You’ve read my answers to dozens of questions, and now you’re ready to hear from a more personal me. I’m flattered, and I gladly acquiesce.
So, here they are, by popular demand (drum roll)… My Musings. Whenever I think of […]
As a general rule of thumb, sellers hate owner financing. They want their money now. So, the question is, how do you go about convincing them to owner finance your real estate investment? It’s not easy. I know dozens of successful investors around the country, and only the best of them can convince sellers to […]
Aha! You’ve stumbled onto one of the largest disadvantages of buying real estate investments with owner financing. Sellers hate it. Most of the time, they’ll only accept your offer if they have no other choice. If you’re competing against another buyer with cash or talking to an unmotivated seller, your request for owner financing is […]