So, what is so hard about owner carryback financing?
Can’t a real estate attorney draw up the paperwork based on the terms on which we agree? Sure. But you want to control the deal. Letting an attorney use generic or, worse, Fannie Mae forms, will put you at a disadvantage. Don’t let this happen to you. You should control the paperwork and I will give you the forms and clauses to use. Each buyer or seller with whom you deal has a particular personal situation and their own concerns. After this class, you will be armed with several techniques you can use to structure deals that are good for you…as well as addressing their needs and concerns. Will you always be able to get owner financing when you purchase? Of course not, but you will never get it if you don’t ask! And don’t forget that you may be able to get partial owner financing even when you are getting a conventional loan. We will cover other techniques that will help you make money more on your deals. For instance, do you know how to negotiate discounts both on mortgage notes you ar