Financing and Credit

And as a seller, closing a deal on your home can be difficult if borrowers are having trouble getting approved for loans. Wouldn't it be great if you could take out the middle man and find another way to complete the transaction?

Are you a potential homebuyer having trouble securing financing? Are you a home owner who wants to sell but is having trouble finding a buyer? As a buyer, getting a mortgage can be difficult if your financial situation doesn't fit into neat little boxes - a predictable salary that can be documented with paycheck stubs and W-2 forms, a stable employment history with no interruptions and a gleaming credit score.
Advantages for Buyers
Seller financing has many advantages for buyers:
1. The closing process can be faster.
Prudent buyers and lenders will always use the closing period to perform their due diligence. But with seller financing, the closing process can be faster.
2. Closing costs are lower.

I was able to get my landlord to do a lease to own option with half of my monthly payment going toward the deposit at the end of the lease. The problem I have run into is my Wife is divorcing me and so I won't be able to get a loan with her help and I am a self-employed carpenter with not so good credit. I hate to lose out on this deal so I wanted to put it to the DG family and see what ideas I could get for financing.

Thank you for your help.

Doug

Hello Everyone!!

My name is Jose, and I am going full steam in 2011 with some good house deals for cash buyers looking in the Kansas City area. I am also considering looking in other markets in the future, but for now I am tending to my own backyard.

I am also looking to build some good solid relationships with not only cash buyers, but also private lenders in the near future who are looking for good, safe and sound returns on their money.

Get back with me!!! I really appreciate all of you and this community.

Jose'

I want to contact the hard money lenders I have on my list but I have no idea what to say to them. Are there any scripts on the DG site somewhere I could use to send to them in an email or to use in conversation?

Good afternoon!

hello everyone i have a question has anyone used any of the hard money lenders on deans toatal view ralestate website they are under lock it up section if you have can tell me which ones you used and your experience with them. emily

What is an Angel Investor? An Angel investor as an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. Sometimes angel investors will pool their money to give themselves a larger capital pool of funds. From time to time, they are looking to diversify their investments from start up businesses to investing in real estate ventures.

You may want to go and pitch your ideas where angel investors gather. Here are some places where angel investors come and those looking for funding can come and pitch their business plans.

Peer to Peer AKA P2P or social lendingor microlending websites can be another resource to tap into for down payment, rehab, or even real estate purchase loans. P2P lending websites allow you to skip the bank and borrow from individuals. You can borrow from complete strangers within these lending networks or just use peer to peer lending services to structure loans between friends and family. Peer to peer loans can be secured and unsecured. The peer to peer lending services check your credit as part the application process then they tell potential lenders how good your credit is on your loan request and help them in determining an appropriate interest rate based on the risk associated with your credit and type of loan request.

While the concept of investing in real estate and other assets 401k's has been around for more than 30 years, it hasn't received a great deal of attention. Why? Most custodians that offer 401(k)s (banks and brokerage firms) focus on mutual funds and CDs—because they have vested financial interests in having you select their own investments. Due to this fact, there's a common misconception that these are your only investment options for retirement plans.

A self-directed 401(k) is technically no different than any other 401(k) or IRA. It's unique because of the available investment options. A truly self directed IRA/401(k) custodian allows CD's, mutal funds, stocks, and bond investments PLUS real estate, notes, private placements, tax lien certificates and much more.