Scenario: You've thought about selling or tried to sell on market with an agent. All of the offers that you have received have been low cash offers and you just can't bring yourself to let it go that low. By utilizing a creative structure such as "owner finance", you can accomplish a few goals. Typically, an owner finance offer will be at or closer to your asking price. You may also negotiate a little interest into the terms, therefore increasing the overall price. Some investors are even willing to raise the purchase price offer to "build in" the interest. This actually locks the extra amount in and even if they pay it off early, you have still made more money. Look at it this way, it turns you into the bank instead of continually being responsible for upkeep, repairs and taxes.
Situations in which we have solutions
1. High Equity/Own it Free and Clear
First, let me clarify that I'm not a CPA or tax professional and you should always consult one
before taking advice from anyone.
By selling traditionally or with a cash offer, you might be subject to paying capital gains tax.
By utilizing owner finance, you can ??? the tax burden and pay a little at a time instead of all
of it the first year.
Especially in today's economic turmoil, money tends to disappear without a trace. We all
buy things we don't need and we all spend on impulse when we have excess cash. If you do
not have a strategic plan to utilize a large sum of money in a smart and beneficial way so
that it works for you and grows, then you should consider becoming the bank by way of
owner finance. This will not only help keep you from regretting some of the impulse buys
that you just had to have at the time, but it will increase your monthly income to help ease
the burden of rising inflation. It might even allow you to be able to create a rainy-day fund
or help pay for your children's college.
Please call us to discuss this option and let us try and make you more money and help you
keep more money.
2.Low or No Equity/Upside Down
Selling your property on the market with an agent might be the best option for you, but it
might not be. It could take several months or even a year and you could even have to pay to
sell your house.
Did you get transferred? Did you lose your job? Going through a divorce? Spouse pass
away? Are you having a hard time keeping the mortgage up to date? Are you struggling to
pay two mortgages or your mortgage and rent?
There are many things that get people in a financial jam. Getting behind on your mortgage
and potentially going into foreclosure doesn't have to hurt so bad or happen at all.
We all know someone who bought something, like a car, that has regretted it for one reason
or another and made the comment: “I wish someone would just take over payments”.
I’m here to tell you that this is possible. Not only with a vehicle but most things that are
financed. Even a house.
There is a legal and safe way to accomplish this.
If you are struggling to figure out how you are going to be able to afford to keep up with
everything, give us a call and maybe we can help you find a solution.
3.Behind on Payments/Facing Foreclosure
We've all been in a financial situation where we thought we had it figured out, but in reality, we
didn't and it cost us more than we expected.
If you are in a situation where you are facing possibly losing your home, I urge you to give us a call. We
might be able to save your credit and keep the sheriff from kicking you out of your own house. All
consultations are free and confidential with absolutely no judgement. I've been in this situation myself
and if I hadn't reached out for help, things would have been worse. Please let us try and find a solution.
4.Inherited Property
There's a lot that needs to happen when you inherit a property.
The first thing is that you will need to go through is probate so that legal transfer of title can be
accomplished and you can move forward with your plans. We work closely with probate attorneys to
bring the most value to you and them. If you need a referral for an attorney to handle this for you,
please call us.
If you have already gone through probate and are now ready to move forward with your plans
of selling the property or keeping it for other reasons, we offer a multitude of services to help you
accomplish your goals. Some of the services we offer are listed below.
1. Property clean-up and disposal
2. General cleaning
3. Setting up an estate sale
4. Remodeling or repairing the home
5.House is Outdated and Needs to be Remodeled
If you have a property that needs too much work or that you are tired of working on, and
spending money on, or you just don't have the money to spend on it, in hopes of making more from
selling it, we can help.
Please give us a call to discuss your situation and we can help you come up with
the best plan to accomplish your goals.
6.You Need to Move and Can't Afford Two Payments
Time might very well be your biggest challenge. This can be very stressful and financially burdensome. Listing it could potentially take too long, therefore causing more stress. We have options. Please reach out so we can help you find the solution that works best for you..
7.You’re Tired of Being a Landlord
Congratulations!! You've accomplished creating additional income streams for you and your
family. Is it time to retire or move on to bigger and better things?
Are you tired of dealing with tenants?
Are you having issues with the city?
Do the properties need updating?
Are you ready to 1031 into something bigger?
Are you ready to upgrade into just being the bank?
We work with investors nationwide to help you accomplish your objectives and have the life that you
deserve.
Give us a call and we can help you achieve your goals.
8.Moving to an Assisted Living Facility
I have to again mention that we are not tax or government officials and any advice needs to be verified
with the appropriate entities. We are here to help you navigate through whatever situation you are
facing to make it as easy and painless as possible.
There are situations where assets must be sold to help pay for living expenses.
Are there enough funds available to carry this burden until the property sells?
Is the property ready to sell?
Does it need to be updated or remodeled?
Are there funds for this?
Do you need to have an estate sale to liquidate some assets?
We can help you come up with a plan to ease your mind and transition into a care facility without the
worry of what to do with your property. Call us to set up a free consultation.
9.Desire to Downsize
If you live in a home that has just became too large for you to maintain and you're ready for
something smaller and more manageable, you have several options.
Set up a free consultation to discuss your options and help you move in the right direction for you.
10.Need to Upsize
You have outgrown your current house and you're needing something with more space.
Can you comfortably wait until your current house sells to move?
Have you already found your dream home but can't buy it until you sell your current one?
Is there a sense of urgency?
If you find yourself in a situation where you can't wait for traditional methods to work, give us a call. We
have buyers in most markets that can move quickly.
We have an extensive network of people who buy small businesses!
We have an extensive network of entrepreneurs buying businesses of all types all over the country. Give us a call and we can refer you to someone who can help you through the process.