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Participant[quote=paramount]Consider ‘investing’ in an investment grade property – which means a multi-family property.[/quote]
I agree. Less people buying 4/8 plexes to rent. Anyone have recent data on 4/8 plexes in SD? sdrealtor, any input?Participant[quote=paramount]Consider ‘investing’ in an investment grade property – which means a multi-family property.[/quote]
I agree. Less people buying 4/8 plexes to rent. Anyone have recent data on 4/8 plexes in SD? sdrealtor, any input?Participant[quote=paramount]Consider ‘investing’ in an investment grade property – which means a multi-family property.[/quote]
I agree. Less people buying 4/8 plexes to rent. Anyone have recent data on 4/8 plexes in SD? sdrealtor, any input?Participant[quote=paramount]Consider ‘investing’ in an investment grade property – which means a multi-family property.[/quote]
I agree. Less people buying 4/8 plexes to rent. Anyone have recent data on 4/8 plexes in SD? sdrealtor, any input?Participant[quote=briansd1][quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.[/quote]
What I think is something new to some people is the idea of buying a property with the intent of selling it using owner financing as an investment opportunity right off the bat. Most owner financing traditionally was by someone who couldn’t sell a home and resorts to owner financing in order to sell it. I do think that in this time period with so many people filing bankruptcy/ foreclosure that credit scores will be hit but if they have a job and want a home, this is an opportunity for a win-win. Thank you for the input.Participant[quote=briansd1][quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.[/quote]
What I think is something new to some people is the idea of buying a property with the intent of selling it using owner financing as an investment opportunity right off the bat. Most owner financing traditionally was by someone who couldn’t sell a home and resorts to owner financing in order to sell it. I do think that in this time period with so many people filing bankruptcy/ foreclosure that credit scores will be hit but if they have a job and want a home, this is an opportunity for a win-win. Thank you for the input.Participant[quote=briansd1][quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.[/quote]
What I think is something new to some people is the idea of buying a property with the intent of selling it using owner financing as an investment opportunity right off the bat. Most owner financing traditionally was by someone who couldn’t sell a home and resorts to owner financing in order to sell it. I do think that in this time period with so many people filing bankruptcy/ foreclosure that credit scores will be hit but if they have a job and want a home, this is an opportunity for a win-win. Thank you for the input.Participant[quote=briansd1][quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.[/quote]
What I think is something new to some people is the idea of buying a property with the intent of selling it using owner financing as an investment opportunity right off the bat. Most owner financing traditionally was by someone who couldn’t sell a home and resorts to owner financing in order to sell it. I do think that in this time period with so many people filing bankruptcy/ foreclosure that credit scores will be hit but if they have a job and want a home, this is an opportunity for a win-win. Thank you for the input.Participant[quote=briansd1][quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.[/quote]
What I think is something new to some people is the idea of buying a property with the intent of selling it using owner financing as an investment opportunity right off the bat. Most owner financing traditionally was by someone who couldn’t sell a home and resorts to owner financing in order to sell it. I do think that in this time period with so many people filing bankruptcy/ foreclosure that credit scores will be hit but if they have a job and want a home, this is an opportunity for a win-win. Thank you for the input.ParticipantI mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?
ParticipantI mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?
ParticipantI mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?
ParticipantI mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?
ParticipantI mentioned this in another post but it is thinking outsided the box…. Renting: sure you want to do that? Read this http://www.signonsandiego.com/news/2010/sep/14/bonita-woman-forestalls-home-eviction-now/ from another post. Flipping? prices go up and down, as we all have seen in the last few years. Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?
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