Here is our “How To Buy An Owner Financed House” video. Jesse Ivy explains how to find and purchase an owner financed house. There are many ways to find owner financed sellers that will be open to carrying a contract for the purchase of their home. Many sellers have problems finding buyers especially if the home is old or in need of repair.
Okay jesse ivy back with you again today folks and today we’re going to talk about how to buy an owner financed house so if you’re curious on how to buy an owner financed house listen to what i have to say as it’s really not as difficult as you think the first thing you want to do is you want to put it out there to anybody
That you know that you are looking for an owner financed house so why would somebody buy an owner finance house well maybe your credit isn’t that good maybe you don’t have a lot of money in the bank or a lot of money to put down on a house a lot of times it’s credit issues that come into play but anyway let’s say
You’re somebody that doesn’t have a lot of money in the bank maybe you can’t qualify for a loan you’ve had some credit issues over the past so now you’re looking for an owner-financed house which a lot of times are tough to find so what you want to do is the first thing you want to do is you want to put put out there that
You are looking for an owner-financed house you you want to tell your friends family members that you’re looking for an owner-financed house you want to also want to tell anybody any realtor that you know that’s uh you know has connections or whatever that you are also looking for an owner finance house in fact
I would have a realtor be looking for you an owner financed house so if something pops up somewhere hey i know somebody that is looking to buy an isn’t always around all the time but it is especially if they’re having trouble selling their house or maybe it’s an older house needs some repairs or whatever so let’s
Look at it how could this work so the first thing i would suggest for you to do so you can be proactive in would be put it put a message on facebook. are looking for an owner financed house. the ad doesn’t even have to be that big you just just write up something that basically states you know i am
Looking for an owner financed house. i have a low down payment , some credit issues , but i’m you know i have a good job trustworthy uh you know i always make my payments and that type of thing you could even show them your rental history in case that’s good but if you’re looking for an owner finance house you want
To put all that good stuff in and then you also want to use craigslist craigslist or on facebook marketplace that you are looking for an owner financed house. a lot of people will look at this there may even be “hey that person right there wants to buy a house. i wonder if they’d be interested in buying
My house”? you know so you want to make sure that you put enough information and you you know you want your all your contact information and your facebook ad or your craigslist ad you know and then you want to put things that sellers want to hear and they’re like you know like i said before like you have a good job
Or you have good rental history. you just don’t have a big down payment or a lot of stuff up front that you can an owner financed house somebody that will decides maybe a seller comes along decides hey this would work for me so what they could do is do something like this they could have you buy an
Owner fight you know they can carry the contract for you for maybe you know five ten years somebody might want some good interest on that money so you never know you might find that an owner that’s if the interest rate is good enough and then as you go along as your credit gets better and stuff you could then go get a
Loan and cash them out and then you would have a you know a basically a good interest rate and that type of thing this the interest rate is usually uh you know more of a hard money loan so you’re talking about maybe you know anywhere from six to ten percent i wouldn’t go any higher than that because that
Would be ridiculous um but a lot of sellers might consider this especially if they have a property that is hard to rent maybe need some repairs maybe you’re willing to do some sweat equity in there and get in there and do it um but these are all you need to do is just put an ad up on connections out there you
Know even your facebook put it out there i’m looking for an owner financed house uh can somebody help me out or you know if you’re on twitter but same thing put something out there you know same with you know snapchat. well that might disappear ?nevermind, but anyway uh you you might you might want to put
Something out there you know um on instagram or are popular but eventually somebody’s gonna come along uh some realtor some owner somebody’s gonna at least email you back or call you up on telephone and say hey i have this house would you be interested in it so just don’t give up get owner financed properties all
The time then getting their connections out there you know basically writing a good enough ad where somebody’s going to come along and go hey wow i need to call that guy because i’m having trouble selling my property or maybe i don’t want to deal with the realtor and pay a commission i could sell to this guy
Anyway uh be prepared you’ll have to come in probably with some kind of down payment but that’s between you and the seller i hope you enjoyed this video and this is jesse and we’ll be back again very soon with another video land network signing off have a great day!
Transcribed from video
How To Buy An Owner Financed House By OWNER FINANCED LANDliveBroadcastDetails{isLiveNowfalsestartTimestamp2021-07-01T223929+0000endTimestamp2021-07-01T224520+0000}
