I love doing owner financing and lease options, and it is really nice when I can sell things before they even get put into the MLS. Why do they sell so fast? Because with the mortgage industry being the way they are right now, it is leaving a lot of people out in the cold, that just 1 year ago, could have gotten financing.
Other reasons Owner Financing works so well is Luxury Homes, even with an 800 credit score you still may end up paying 8% on a jumbo loan. With owner financing the interest could be only 6%.
Why would a seller of a luxury home want to do sell with owner financing? If you have a million dollar home and someone puts 20% down that leaves a balance of $800,000. At 6% interest, over a five year period, you are making a total of $232,000 in interest. Your one million dollar home, in five years, just became your 1.2 million dollar home.
The main reason I was asked to join is because I've incorporated lease options with owner financing to create wealth for some investors. I've even started to get my investing going with lease options and owner financing.
So for more information about this tele-seminar that I have been ask to be a part of click on the link below. If you are in a market where banks have stopped lending, then Owner Financing maybe an option for you to bring your real estate career back to where it was 2 years ago.
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty
Office Address: 700 NE Multnomah Street #900, Portland, OR Serving: Beaverton, Tigard, Aloha, Hillsboro, Tualatin, Portla Serving: Beaverton, Tigard, Aloha, Hillsboro, Lake Oswego, Sherwood, Tualatin, Wilsonville, West Linn