5,583,278
quick closing....no closing costs.... very short term loan ....but with a high rate.....
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Fred Griffin Florida R...
Tallahassee, FL
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John Pusa
Glendale, CA
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
1,196,798
That's an "All depends" answer. Many factors to consider
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John Pusa
Glendale, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Doug Dawes
Topsfield, MA
7,836,431
Some prospects may not qualify for conventional mortgage financing.
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John Pusa
Glendale, CA
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
921,504
The buyers lack of credit worthiness can be dismissed.
The BIG deposit or down-payment required is often the PROFIT intended.
The buyer really needs to understand if a transfer of ownership is actually the intent.
If the buyer has no other option, they need to realize THEY are on the menu.
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John Juarez
Fremont, CA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Doug Dawes
Topsfield, MA
644,135
it depends on the terms whether there is any advantage.
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John Pusa
Glendale, CA
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Doug Dawes
Topsfield, MA
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Karen Climer
Orlando, FL
5,217,158
Price, terms, speed to closing. Overlooking a buyer's less than stellar credit.
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John Pusa
Glendale, CA
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
3,416,038
Private money is good to buy quick, fix and sell. It should not be used to hold or keep a property. It is expensive and points for keeping a loan longer than 6 months or a year can wie out profit quickly
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John Pusa
Glendale, CA
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
2,062,185
It can be a good option for a borrower whose credit isn't up to snuff. You may pay a higher interest rate for that privilege.
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John Pusa
Glendale, CA
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
6,393,609
Speed and flexibility.
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Bob Crane
Stevens Point, WI
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John Pusa
Glendale, CA
3,345,091
It depends on the situation and circumstances. There could be advantages and it could be it does not make sense - no advantages to the buyer.
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Bob Crane
Stevens Point, WI
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John Pusa
Glendale, CA
1,311,397
If the buyer cannot qualify for conventional financing, investor financing may be an option. The investor sets the criteria for the borrower to meet and it will likely be less credit driven and income driven and more equity driven. It will likely be more expensive.
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Bob Crane
Stevens Point, WI
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John Pusa
Glendale, CA
1,197,518
Not all that glitters is gold. The big who, what, where and why need to be answered first. Private investors remind me of the loan sharks of old. I know that is not true in all cases but investors do want a certain rate of return if they are taking a bigger risk.
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Doug Dawes
Topsfield, MA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
2,182,552
Not much red tape . No appras
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
1,844,301
Might be more lenient but it wouldn't be adviseable. Should be a shorter turn around time. Very rare & if used there might be a premium on the rate.
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
2,241,647
Owner financing is seller private investing where it can be win win for both buyer, seller.
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Doug Dawes
Topsfield, MA
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Karen Climer
Orlando, FL
1,543,833
That's an "it depends" answer. Many factors to consider and you didn't create a specific scenario.
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Bob Crane
Stevens Point, WI
4,161,124
Seth Rooker it depends on the borrower and the loan terms.
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Bob Crane
Stevens Point, WI
3,125,954
Bad credit ok for buyer.
Investor can carry the note.
If buyer balks, property reverts to investor.
Higher interest rate puts more money in investor pocket.
No need to come up with a lot of money up front (in some cases)
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John Pusa
Glendale, CA
900,128
Less credit work, maybe faster, but you need to focus on the risks as well.
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John Pusa
Glendale, CA
1,712,676
You have gone past the 10 mortgage Fannie Mae limit.
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Bob Crane
Stevens Point, WI
763,883
You might get a loan that you were unable to get with traditionally means.
2,684,109