carrying back a note: Carry Paper, Carry the Market - Seller Financing Can Soften the Housing Crisis - 06/17/08 05:28 PM
Below you'll find a few snippets of just-released, juicy information that sound fairly bearish, but there is opportunity everywhere. Sellers and buyers can adapt to the current climate and still get the benefits of buying and selling property. Seller financing (carrying paper, seller carry back) figures beautifully into the equation.
Housing … (5 comments)
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carrying back a note: Pasadena Speech Sheds Some Light - Is the Worst Over for Real Estate? - 05/22/08 02:30 PM
"Then the Gods of the Market tumbled, and their smooth-tongued wizards Withdrew, And the hearts of the Meanest were humbled and began to believe It was true That All is not Gold that Glitters, and Two and Two make Four And the Gods of the Copybook Headings limped up to … (0 comments)
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carrying back a note: Can I Sell My Note Right After I Create It? Reality Check on Simultaneous Closings - 05/15/08 05:57 PM
The simultaneous closing is a little-known, but powerful strategy for getting real estate transactions closed in difficult markets. Wouldn't you like the competitive edge if you've got property on the market right now?
I've had a couple of questions about it this week, so it seems like a good time to … (0 comments)
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carrying back a note: Avoid a Critical Seller Financing Mistake and Demand Fire Insurance When Taking Back a Note! - 05/12/08 07:49 PM
Question:
"How do you handle the homeowners insurance on a seller carry back? Whose name? Who pays? Thanks for always taking the time to answer all my ?'s!" -- Snodgrass & Penelope, Realtors
(P.S. Ladies and gentlemen, this is why we make sure that the buyer/note payor carries fire insurance. If … (0 comments)
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carrying back a note: The Buyer Wants Me to Carry - Would it be a Good Note & Would You Buy It? - 05/07/08 07:24 PM
On Cinco de Mayo I was on my way down to San Diego for a real estate radio show when I got a call from a guy who owns a multifamily property in Arizona. He was wondering if he should accept a seller carry back offer, because he was either going … (0 comments)
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carrying back a note: Learn the Secrets of Structuring Seller Carry Back Notes by Tuning In - 04/30/08 11:05 PM
I'm glad to be going back on the air with Exeter Real Estate Radio next Monday to continue our conversation about Seller Financing. Last month we ran out of time!
We'll be talking about: 1. Why you must know how to carry paper in this market in order to:
close your … (3 comments)
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carrying back a note: Seller Financing Explodes as More Owners Become Willing to Carry Paper - 04/30/08 11:04 PM
As the housing market continues to "evolve" with tight credit, increasing foreclosures and downward pressure on prices, sellers are turning to owner financing in order to get their price and close escrow. And with things far from resolved, I am getting more and more sellers asking how they can carry paper … (5 comments)
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carrying back a note: My Sellers are Afraid to Carry Paper - Have You Seen a Bank Call a Loan? - 04/21/08 02:46 PM
Sellers who are willing to offer terms and carry paper can really give themselves a nice seller financing advantage in today's market, but sometimes they get freaked out by the "due on sale" clause. They are worried that if they wrap the existing lien, they'll be in trouble if the bank … (2 comments)
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carrying back a note: The Report Every FSBO Must Read: "The BOFS for the FSBO" - 3 Magic Words: Owner Will Carry - 04/17/08 01:27 PM
Now, some people might think it's a bit strange for a real estate broker to be writing a post like this, but for where I'm coming from, it makes perfect sense.
Whether you own your property free and clear, or you owe more than your property is worth, I am dedicated … (0 comments)
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carrying back a note: Zoinks! 25%? Seller Financing Helps you Survive the Capital Gains Attack - Installment Sale to the Rescue! - 04/16/08 03:55 PM
And you thought you needed capital gains strategies before . . .
Both Senator Clinton and Senator Obama have called for an increase in the capital gains tax rate. It's currently at 15 percent, and they'd like to see 20 or even 25 percent. Property owners, more than ever before, … (2 comments)
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carrying back a note: The Critical Element - Take the Risk Out of Carrying Paper - 04/14/08 09:16 PM
I met someone for lunch today who decidedly shuddered at the idea of seller financing. "Aren't there so many things that can go wrong?" Her expressed sentiment is shared by many: owner financing is inherently hazardous. But it doesn't have to be. It's all in how you set the transaction up … (0 comments)
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carrying back a note: I'm Thinking of Carrying Paper - Can You Help Me? - 04/08/08 08:15 AM
Actually, there may be several ways that we can help you! Of course, we provide excellent service when it comes to standard real estate transactions, but you may have been drawn here because of our expertise in Seller Financing. You may be thinking of carrying paper.
If you are a property … (0 comments)
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carrying back a note: I've Sold and Carried Paper - Can I Still Close My 1031 Exchange? - 04/08/08 07:50 AM
Increasingly, sellers are becoming more flexible and carrying paper (taking back a note) in order to close escrow on their investment properties. So, how does that work in the context of a 1031 exchange? Can it still be done?
To answer this, I'll need to introduce you to a very smart … (2 comments)
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carrying back a note: Become the Bank on Your Own Property — Double Your Income and Kiss Your Hassles Good-Bye! - 04/03/08 06:36 PM
How to Turn Your Best Investment into an Even Better One! DOES ANY OF THIS SOUND FAMILIAR? “I would sell my property, but I can’t because . . .”
“I refuse to pay all those capital gains . . . and I don’t want to exchange into another property … (0 comments)
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carrying back a note: What You Don't Know About Notes Can Cost You Listings, Sales and Closed Escrows - 04/03/08 06:34 PM
Dispel the 5 Myths of Seller Financing
Are you tired of the Lost Sale and Expired Listings: Do you know that notes can get your clients cash now and get your escrows closed?
Do you have a seller stuck on price?Do you have a buyer who can’t qualify?Have a property … (4 comments)
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carrying back a note: Financial Storms Offer Advantages to Sellers Willing to Carry Paper - 04/02/08 08:41 PM
I follow the work of guys like Bill Bonner, publisher of The Daily Reckoning:
"While U.S. business still seems fairly solid, generally, the financial sector is hurting. The banks say they will cut as many as 200,000 jobs. George Soros, speaking on the BBC last night, said he thought … (11 comments)
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carrying back a note: I'm Going to Carry, How Do I Create a Good Note? - 03/28/08 06:42 PM
Notes are often created in the image and likeness of their Creator . . . sometimes we can look and call that good. Sometimes the note isn't worth the paper it's printed on. When you decide to take back a note, you want an investment you can feel good about holding … (2 comments)
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