installment sale: Succession Planning for Real Estate Investors - 10/02/08 09:40 PM
Although most people prefer not to consider their eventual demise, facing the "inevitable"-even if it does appear to be quite a ways off-is certainly better than ignoring the possibility. Horror stories abound of real estate investors (and others) who failed to address succession planning, only to come to a point where … (0 comments)
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installment sale: Pasadena Discovers the Secrets of Seller Financing to Close More Deals - 09/17/08 06:23 PM
It's my privilege to speak to the agents at Keller Williams in Pasadena this Friday. The management is very supportive of every possible strategy to help their agents earn more commissions. KW is one of the most supportive and progressive real estate companies I've seen so far.
Let's face it . … (2 comments)
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installment sale: Note Seller Finds Note Buyer Blog - Petitions Queen - 07/03/08 04:48 PM
The whole "Note Queen" idea was sort of an accident . . . a mere nickname in the office that somehow stuck. Instead of fighting it, I created a brand around it. Most people merely smile (or smirk) when I call myself the Note Queen, so I was really surprised when … (0 comments)
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installment sale: 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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installment sale: Seller Financing and Drinking Wine in Pasadena - 06/13/08 05:42 PM
I know wine goes well with a lot of things like cheese, crackers, fruit, dark chocolate, love . . . it's just that I didn't know it went well with a nice chat about seller financing. And actually, the more wine you drink, the better the conversation gets and the more … (0 comments)
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installment sale: Creative Real Estate Strategies Part 2 - 05/27/08 11:19 AM
INSTALLMENT SALE/CONTRACT FOR DEED
An installment sale is a form of seller financing where a homeowner takes back all or part of the market price of the property in the form of a promissory note secured by real estate. What does this mean? In simple terms...you finance the property for the buyer … (3 comments)
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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: 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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installment sale: Need A Mortgage Or Financing? Trot In To A Bank Right? Not Necessarily. - 04/01/08 10:51 AM
You found a property you want to own. The real estate is more than you have in your piggy bank or costs more than your empty cans and loose change in the couch will buy. Have to wander into a bank right? Wrong....consider owner financing...from the Bank of Seller. When I … (7 comments)
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installment sale: 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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installment sale: Charge your Own Interest - Make More than the Banks - 07/12/07 02:00 PM
You can make more money than the banks if you do an installment sale. That’s because you can charge a rate of interest that is greater than what banks or money market accounts will offer you. This is the major benefit of installment sales, on top of the fact that … (3 comments)
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installment sale: How you can Make More Money Using an Installment Sale - 07/12/07 01:45 PM
You can turn a higher profit using an installment sale. For those that don't know, an installment sale is a transaction in which the seller receives any payment for the sale after the tax year of the purchase.
Say you sold a property for $200k. You bought it for … (7 comments)
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installment sale: A diagram of how the Structured Sale works - 05/03/07 06:55 PM
One of the best ways to understand the Structured Sales is to think of it as an Installment sale with enhancements.
Understanding the flow is easily done with the following flow chart. Permission was granted for me to use this chart from Capstone Bay as they are assisting one of my clients currently working … (2 comments)
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