Contract for deed, wraparound mortgage, subject to existing mortgage, contract for beneficial interest in the trust, lease purchase, contract for option. These are all forms of owner financing.

I would just advertise owner financing. I would not advertise lease option since the public (buyers) perception is that lease options are a scam. You can pick any of the above based on the buyer, their down payment, and you comfort level. You should always get a good down payment if giving a buyer a title interest in a property.

Activity really seems to be picking up for me using this strategy combined with plastering the Internet with ads and links to my owner financed homes.

Owner financing has always been one of my favorite ways to retail or wholesale a house. Nothing beats a cash buyer except a buyer with a cash down payment willing to pay your equity or assignment fee and some interest to boot. Just like a cash buyer you can close on the spot and don’t have to wait for a lender to give you a slow no.

This is also a good way to use the Find and Assign a buyer strategy. I’ll will usually split a down payment if someone brings me a quality owner finance buyer for one of my houses.

I’ll expand more on this later…. Feel free to post questions or use the contact me form.

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