You can put a property under contract, find a buyer, create a mortgage note, and sell it to a note buyer without ever taking title to the property. Sound intriguing? It should. This type of financing is becoming more available as more private money enters the real estate market. Private money has always been in
Choose Memphis as Your Out of State Investment
September 25, 2015 by
Coastal cities have been attracting out of state real estate investors for many years because these cities performed better during the recession compared to inland cities. The result is that today, coastal properties have skyrocketed in cost due to the huge influx of investors and are no longer ripe for the picking. Whether you are
United Wholesale Mortgage rolls out interest-only financing
July 22, 2015 by
United Wholesale Mortgage just rolled out a new product that it hopes will prove attractive to a large segment of borrowers
Doing Business in Memphis
January 12, 2015 by
Memphis by itself is an awesome place to do business. On top of that, many incentives are offered to both new businesses and existing businesses wanting to expand in the metro and county areas. The primary incentives offered include: Tax Incentives Training and Workforce Assistance Project Assistance Infrastructure and Energy Incentives Financing Incentives Tax incentives
Creative Financing – Closing the Deal
December 31, 2014 by
Most agents are well aware that creative financing often closes a deal that otherwise won’t get done. Here we take a look at how sellers can improve their profit point and marketability by offering seller financing and still getting all of their money in a relatively short period of time. Of course, sellers are reluctant
Subject to Deals – Answering Seller’s Questions
December 19, 2014 by
When you make a subject to existing financing offer to purchase a home, it’s important to make sure the seller understands how this type of deal works. First, the seller needs to understand that his or her mortgage is going to remain in place but you’ll be taking over the payments. You’ll also be making
Understanding The Real Costs Of Government-Insured Home Mortgages
March 17, 2014 by
There’s no shortage of options when it comes to financing your next personal home purchase. The list of potential options includes FHA, VA, USDA, and a myriad of other “low-down-payment” loans available. This category of loans is known as “government insured,” meaning that the lender can file an insurance claim through the appropriate government agency, (FHA, VA, etc), if the borrower defaults on the mortgage.
Reasons Why Buyers Back Out of Deals
December 5, 2013 by
There are many reasons that buyers back out of a signed purchase agreement. Real estate contracts can be complicated. They can include many contingency clauses allowing both the buyer and seller to get out of the contract after it’s signed but before the deal closes. However, it’s the buyer that backs out of almost one
How to Get Financing Your New Home Purchase
December 4, 2013 by
Like with so much else in personal finance, getting the best possible deal on a mortgage depends on preparation, comparison and timing. Not only is it important to get your financial house in order before applying, but you must also carefully determine how much house you can afford, cast a wide net when it comes
Joint Ventures – Raising Real Estate Investing Money
November 5, 2013 by
Joint venture (JV) is a phrase used to describe a partnership when it’s not practical to have formal partnership papers drawn up and filed with the state. Often, joint ventures are used for a single project or when the partnership will be short term. It’s a great vehicle for raising real estate investment money. This
