Offlineone of my buyers ask me to find them homes but requested only multi unit homes that have owners financing. i found some homes in his area that do say preferred financing available . does that mean owners financing????..... and how would i profit from deals from this buyers if he only wants homes that are owners financing. do i use the iee assignment contract to make my profit??? please reply asap thank you DG family....
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ismael soto
have you read the books
yes ive read the books, ill consider looking back at them for the advice...thanks
ismael soto
Couple things you can do here... First off you can do what I am in the middle of doing, is sandwich lease it to him from the other seller.
How that would work is you get the property, owner financed from the original seller, then sell it to the next buyer with owner finance. How you want to sculpt the deal is make him pay an option fee that's non refundable... make it however much you needed for your initial down payment to the original seller, plus a little more for some profit now. Then make his payments the same amount yours in plus a little more for cash flow every month. If possible, make it an all around contract for deed, so you are not responsible for the property once its sold. Just be careful, cause if he does default on the loan whatever the condition of the property is on you and you have to make your payments to the original buyer.
Allow your fear to gently pass. Then genuinely ask yourself,
“What needs to be done?”
that's helpful stuff thanks.... then again that sounds kind of risky, i dont wanna have to end up paying the sellers payments.... idk what to do i still kind of confused...
ismael soto