Got cash? Want house? Does a 10% return do anything for ya?

Hi, Bryant. You're right....so many buyers are asking about "owner financing" now. Once you see the numbers so clearly, it seems like an idea whose time has come!

great post.  Owner financing is a great idea if the buyer qualifies.  Curious though why a buyer would pay over 8 or 10% is that the price of getting the financing?

THIS MAKES SO MUCH SENSE.  For buyers and sellers. 

I have stories that would fill a book about owner financing.  It was very popular in this area is the 1970s and 1980s. 

If I remember, I'll write about one gentleman who got tired of trying to collect rent on rentals and sold his entire investment inventory as owner financed.

BB, owner financing is a wonderful solution for those with dinged credit, but an ability (now) to get back on their feet, as well as for sellers seeking the return that you explain- being a landlord isn't for everyone.

Bryant,    I was just reading a ton about this just the other day.   Seems to be coming around again as a great option for folks!

This does make a lot of sense. But, maybe others would prefer to buy the bike in the front yard? NOt much return on that investment, though!

I agree, owner financing can be a great option for a lot of sellers.  I do encourage sellers that are looking at owner financing however to make sure they have funds set aside in case they have to foreclose to get the property back if the buyer stops making payments, and make sure they have enough to remove the property from bankruptcy if the buyer declares bankruptcy after not making their payment for a while.

Owner financing can be a good deal for all parties if structured correctly.  I am working on an "Owner Finance" seminar to attract buyers for a broker that has a bunch of those properties in Texas. 

Nice little form you have there. I just hope that's not one of your own properties. Those are some seriously tacky, obnoxious, angry, spiteful, jerks who did that! And I'd love for them to read this comment.

George and I did this for years and it is a great way to sell properties. We still have many friends we made through sellers who didn't know they could profit from home ownership until they discovered owner financing. 

Owner Financing can be a great opportunity for everyone....what goes around comes around again...

Great points here for Investors Bryant.  We're doing some of these, unfortunately sometimes we have to be a bit more creative as finding some buyers with sufficient down payments is difficult.

Broker Bryant, 10% ROI makes sense in any book.

I once heard an investor who does just this, state that she got each and every one of her properties back because of defaults, thus netting her even more.  I guess she picks her buyers using very specific criteria.  lol

Interesting post, Broker Bryant. I will just check under the sofa cushions for some spare $100,000 before I fill out your form. :)

Cheers,

Robin

This is a great alternative.  Renting is tough. My family rented a home years ago when I was growing up.  Two great tenants - and then there was the one tenant....that was not so great.  The house almost blew up twice - once when they left the gas on and went away for a week and the second time when the pushed the reset button on oil burner three times.  My folks were lucky to have a house left to sell when those guys finally moved out.  They converted a move-in ready to a handy man special in about 2 years.  Amazing. I've told those who want to wait out the market by renting that renting is not for wimps.

Like I said...

It's all coming back again. Owner financing, lease options, all of it. I knew it would :)

TLW...ROAR!

Bryant - I always thought owner financing had it's place in real estate.  I am hoping that it does make a comeback, and that may sway banks to change their ways.  I am all for owner financing, and think it makes good sense as in investment tool.