hello mattfish...well i tell you what i have used is the purchase option...i just did one about a month ago with a lady that just wanted out of her house...she didnt even care if she got any money back when we (my LLC partnership) sold it....so we signed a contract stating we would take over the payments and we of course have to option to purchase or assign the contract....a few week s later a couple that had to rent to own signed a contract on the property now we are getting a monthly cash flow from the property and will be getting a nice check once they get their credit back on track to get a conventional loan and buy the house...
that whole process cost our company $20
the key is finding MOTIVATED SELLERS and they are out there...
Creative financing...
What is considered creative?!?
Owner Financing? Subject-to financing?
What else do you people use to gain wealth through real estate?!?
[addsig]
hello mattfish...well i tell you what i have used is the purchase option...i just did one about a month ago with a lady that just wanted out of her house...she didnt even care if she got any money back when we (my LLC partnership) sold it....so we signed a contract stating we would take over the payments and we of course have to option to purchase or assign the contract....a few week s later a couple that had to rent to own signed a contract on the property now we are getting a monthly cash flow from the property and will be getting a nice check once they get their credit back on track to get a conventional loan and buy the house...
that whole process cost our company $20
the key is finding MOTIVATED SELLERS and they are out there...