Get More By Offering Seller Financing
An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. I took $1000 down, and I still get a payment every month, with 9% interest.Four Reasons To Offer Seller Financing 1. To get a higher price. As you can see from the example above, buyers pay for easy terms.
From the buyers perspective, he gets a place for almost nothing, that the renters will pay for. He comes out okay even if he later sold it for less than he bought it for. 2. To get a decent return on your money. The 9% I'm getting is nice, but the true return was much higher, since I also sold the property for 15% more than I paid, and I get 9% on the entire balance.
In fact, for a great return without the headaches of being a landlord, you can simply buy low for cash and sell high with terms. 3. To sell faster. Anytime you expand the potential market for a property, you increase the odds of selling it fast. Selling with easy terms definitely invites more buyers to look at your real estate.
4. To sell difficult properties. If you have a property that is difficult to finance conventionally, offering seller financing may be the only way get it sold, and at a fair price.Of course the ways you can sell are limited by mortgages and other loans. I owned the rental free and clear, which meant I could sell it any way I wanted. There are other ways to use seller financing though, even if you owe on the property.
There are ways to do this safely too. Those topics are for another article..
Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.comCommercial Real Estate Investment Bank Secures $2,475,000 of Bridge Financing and Permanent Financing for an Office Property in Oregon
http://www.pacificsecuritycapital.com - Pacific Security Capital ("PSC"), a leading commercial real estate investment bank headquartered in Portland, Oregon recently announced that it secured $2,475,000.00 of bridge financing and permanent financing for Bridgeport Crossing, a suburban Class "A" property in Portland, Oregon. Pacific Security Capital provided a float to fixed first mortgage with a very competitive spread over the 30-day LIBOR for the 20,000 sq. ft. office building located in Portland, Oregon. The bridge financing allowed Pacific Security Capital's client to take-out their construction loan prior to the property being stabilized which was of significant benefit to the sponsor.
After stabilization there is an option to fix the rate at a very competitive spread over the corresponding Treasury swap rate.
According to Mike Wenzlick, Senior Managing Director for Pacific Security Capital, "This...
Financing > Commercial Real Estate Investment Bank Secures $2,475,000 of Bridge Financing and Permanent Financing for an Office Property in Oregon
Tips on Investment Property Financing
If you're looking for a good investment, financing investment property is a good thing to begin with. It can be very expensive to finance investment property but if you do it properly there is a lot of money to be made.
The first thing you need to do before financing an investment property is to go to a bank or a lender and find the appropriate loan for you. There are plenty of loan packages available on the market so you should carefully choose the one appropriate for your investment property financing. The basic type of loans include: basic variable rate loans (charge a low interest rate but offer fewer features and less flexibility); fixed rate loans (lock in your interest rate for one to five years. They are useful if you believe variable interest rates will raise over a specified term), split rate (combination) loans (allow you to fix your loan for a set period of time before reverting to a variable rate) and other types depending on the bank or lender. <...
Financing > Tips on Investment Property Financing
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
(ContentDesk) June 30, 2004 -- Leasingsecrets.com and Westover Financial, Inc. announced that they have formalized a strategic marketing alliance. This joint venture will provide solutions to many of the common problems encountered by small and medium sized businesses when they need to finance or lease equipment.Westover Financial, Inc. headquartered in Santa Ana, California was founded in 1984 and has branch offices in Los Angeles, San Francisco, Denver and Tampa. They will be able to offer the customers of Leasingsecrets.com, a division of Equipment Funding Resources, a wide variety of lending sources previously unavailable.Leasingsecrets.com, an equipment leasing publications website, publishes "how to" guides for business owners and decision makers.
These guides are thorough, step by step, tutorials on how to work through the sometimes confusing process of obtaining equipment financing and leasing..
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
Financing > Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
(ContentDesk) June 23, 2004 -- Christy Slye, Mortgage Broker with RealWebFunds, Inc., has announced that the firm recently closed $1,850,000 in restaurant financing debt for the Souplantation restaurant building in Temecula, California.The 8,562 square foot restaurant built in 2000 at the Promenade Mall is leased by Garden Fresh Restaurant Corp. DBA Souplantation. This non-credit tenant is currently in the third year of a 20 year NNN lease. The landlord was looking for a lower fixed rate, non-recourse, commercial mortgage with cash-out. The restaurant loan was funded by Valley Independent Bank of Palm Desert, California with a 5 year fixed rate at 5.5% with the opportunity to renew for an additional 5 years at the same spread over the five year constant maturity treasury.
The loan was made non recourse with cash out to meet the borrower's needs.About RealWebFunds:RealWebFunds, Inc. (www.realwebfunds.com) is...
RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
Financing > RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
Bootstrap Financing Your Way to Business Success
Bootstrap Financing Your Way to Business Successby
Do you need to start or grow your business but have little money? Before you look to banks and similar sources of financing, why not bootstrap your way to business success?A bootstrap is a small loop of leather or other material that is found on the top rear or sides of a boot. The purpose of the bootstrap is to help you pull your boot on. In business, bootstrapping has come to mean helping oneself without seeking outside help. It means usingyour own resources to finance, promote, and develop your business.Here, then, are some ways of financing your own business by using your own initiative and depending less on outside bank financing.1. Operate a Home-Based Business
Operating your business from home could save you a fortune.
First of all, you eliminate the costs of expensive commercial rent, commuting, et cetera. As well, your business use of home expenses would be deductible for income tax purposes. Since your...
Bootstrap Financing Your Way to Business Success
Financing > Bootstrap Financing Your Way to Business Success
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
(ContentDesk) June 30, 2004 -- Leasingsecrets.com and Westover Financial, Inc. announced that they have formalized a strategic marketing alliance. This joint venture will provide solutions to many of the common problems encountered by small and medium sized businesses when they need to finance or lease equipment.Westover Financial, Inc. headquartered in Santa Ana, California was founded in 1984 and has branch offices in Los Angeles, San Francisco, Denver and Tampa. They will be able to offer the customers of Leasingsecrets.com, a division of Equipment Funding Resources, a wide variety of lending sources previously unavailable.Leasingsecrets.com, an equipment leasing publications website, publishes "how to" guides for business owners and decision makers.
These guides are thorough, step by step, tutorials on how to work through the sometimes confusing process of obtaining equipment financing and leasing..
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
Financing > Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
Get More By Offering Seller Financing
Important Steps in Installing a Satellite Dish
Important Steps in Installing a Satellite Dish With the recent breakthroughs in the communication world, DSL connection has already become a household term. It has already been launched in various areas across the world; however, obtaining a high-speed access to the Internet via satellite is a technology that is still unavailable to many television users because of lack of facilities. At present, the solution to this limitation can now be achieved through the satellite dish network. Whether you...
Get More By Offering Seller Financing Important Steps in Installing a Satellite Dish televisions Financing
Financing > Important Steps in Installing a Satellite Dish
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Get More By Offering Seller Financing