What is Seller Financing? Seller financing is a type of arrangement between a homebuyer and seller where the buyer purchases the property in installments—usually including principal and interest—until the property is paid off in full. Unlike a traditional mortgage, however, seller financing is often short-term in nature. The transaction is usually completed in, say, five... Continue Reading →
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7 Ways to Realistically Finance Your Next Fix and Flip
Television shows about house flipping can make it look easy, but when it comes to carrying out such an enterprise on your own, you may discover a lot more goes into it than appears on camera. One of the most difficult steps in the process can be securing adequate financing. Typically, a fix-and-flip loan will... Continue Reading →
The 5 Things to Know About Getting Pre-Qualified for a Home Loan
In my work as a real estate agent, when I meet with new clients, I prepare them for three phases of home buying: the pre home search, the home search and, finally, being under contract. That initial pre-home-search conversation is important. It covers their goals, our relationship, expectations, and money. And by money, I mean what... Continue Reading →
Finding the Money: How to Finance Your First Investment Property
Investment properties can serve as the foundation for future financial stability, but there’s a widespread perspective that you need to be fairly wealthy to start investing in the first place. But how much money do you really need to take the first step? If you play your cards right, a few thousand dollars can help... Continue Reading →
Creative Financing: 5 Outside-the-Box Tools Savvy Investors Use to Build Wealth
I did not choose my creative financing toolbox. My creative financing toolbox chose me. My business partner and I began full-time real estate investing right out of college with no assets, no regular job, and little consistent income. But we still wanted to buy, sell, and eventually keep properties. So, we were forced to look... Continue Reading →