Seller financing is a real estate transaction
where a property seller agrees to lend money to the buyerto purchase
and close on the property. The seller becomes the Mortgagee for the buyer;
this process is also known as owner financing or seller carry back
financing. In essence, the seller assumes the role of the mortgagee,
and carries back the loan. The buyer remits regular monthly payments
to the seller. The down payment, terms and conditions are negotiated
between the seller and buyer as in any other real estate transaction. This
flexibility allows the seller and buyer to negotiate the interest rate,
payment amount, late charge provisions, interest and payment adjustments,
any call date, any acceleration clause, and other provisions of the payment
schedule that a buyer would typically find it difficult to negotiate with a
traditional lender.
Traditional
financing for a real estate transaction normally takes about one month; the
closing cannot be scheduled until the financing is available. With seller
financing the transaction can close when the parties agree on terms. This
means the buyer gets into their new home sooner, and you get your profit
earlier.
4R Management deals with the following types of
residential and commercial privately held mortgage notes:
4R
Management is excited to introduce our latest addition to the team.
With his thirty seven years of financial experience, Greg Mindeman
joins us to assist our clients. As an Associate, Greg will be leading
our owner financed notes area. read more
SPECIAL OFFERS
Thanks to our good friend, Eddie Speed, we are able to offer you a
complimentary copy of his book
Streetwise Seller Financing(Use code: 2380) to learn more about this Real Estate Investment
tool. read more
INVESTING TIPS
Exit
strategies are essential for all real estate investment opportunities.
As mentioned last month, the profit in real estate is made at the point of
purchase, but paid on the sale. You would not enter a building without
knowing where an exit is at. It is no different in real estate
investing, especially in the residential rehab arena. 4R Management
offers several different exit strategies to put in your investing tool kit.
SUCCESS STORY Rehabbing success is
found in northern Minnesota, and in the lessons learned from the first rehab
project. It is all in the commitment and determination to find, fund, and
flip rehab properties. This investor is on her way to financial
independence through real estate investing. We are proud to say she is a 4R
Management client, and so is she. Read more about her first successful
project.
Receive real estate financing strategies, deal-making insights and current rates with our newsletter:
Owner
Financing - A Powerful Tool!
4R
Management is excited to introduce our latest addition to the team.
With his thirty seven years of financial experience, Greg Mindeman
joins us to assist our clients. As an Associate, Greg will be leading
our owner financed notes area. 