Recently I was talking to a potential client who was wondering if there was any way I could help rescue his lease option tenants.
Last year, he had done a lease option on one of his rentals with a nice couple who put down a healthy option payment. This year, his financial affairs are forcing
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12/30/2010
Economist Kenneth Rosen says “Money is easy, but credit is tight– many would-be home buyers have discovered during the downturn that while loans may be dirt cheap, but they’re hard to come by. Rosen, the chairman of the University of California, Berkeley, Fisher Center for Real Estate and Urban E
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12/21/2010
I thought this was a great email addressing concerns that real estate professionals sometimes have when dealing with owner financing situations: “Hi, I was just on your page “Dispelling the 5 myths of owner financing“. I am an agent in Chicago currently working on a owner finance deal for the fi
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12/21/2010
When he was shocked at the discount, this is what I wrote to the note holder: I’ve attached a partial for you to consider, which would greatly minimize your discount and still allow you to take advantage of more attractive investment opportunities that are in front of you: $75,474 for 120 paymen
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12/08/2010
Forget the word “certified”… you only want to be certified because you think a title or degree or piece of paper will make you seem more legitimate and adequate than you feel most of the time :) I relate. There’s no such thing as getting officially certified to do note appraisals, at least not y
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11/30/2010
This is super last minute, but just letting you know I’ll be speaking at Southland Regional tomorrow: Thursday, October 21, 2010 at 11:30am: 7232 Balboa Blvd. Van Nuys, California 91406 If you’re around, come say hello! Dawn
10/20/2010
I often tell sellers that the only way to get their price is to offer terms (owner financing). Sometimes it’s the only way to get a property sold for anything at all, but even that strategy may be weakening. A survey conducted by Harris Interactive for the National Apartment Association in May 2
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10/08/2010
Traditional (and even private) financing is almost impossible to get for mobile homes… especially older ones. So, it’s very common for people to offer terms (seller financing) when selling. Here’s a recent email: “Dear Dawn, I have a financing question for you. We have an older mobile home (1
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09/27/2010
[Watch video]Holding a note can be a great investment, but if keeping on top of payments, property taxes, insurance, and the condition of the property (collateral) is too much for you, then sell your note before your family places you in the asylum or sneaks tranquilizers into your morning coffe
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09/16/2010
