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Fix & Flip, Research, Seller Financing Advantages For Sellers, Seller…
Fix & Flip
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Holding
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Financing
Seller-Financing
Simplest terms: it describes a form of real estate lending transaction in which a property owner also serves as a mortgage lender.
Goes by many names, including purchase-money mortgages and owner financing.
Land contracts
A land contract is an agreement to purchase a piece of real estate that involves buyers borrowing money from the real estate owner until the purchase price is paid in full
Land contracts typically work in a unique fashion where a balloon payment, or lump sum, comes at the end of the repayment period after the repayment plan is negotiated between the two parties.
Assumable mortgage
type of home financing in which buyers are given the opportunity to purchase a home by assuming responsibility for and taking over the seller’s current mortgage
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Lease purchase:
Also known as a rent-to-own contract, a lease purchase agreement speaks to a form of agreement under which renters pay sellers an option fee at an agreed-upon purchase price that gives the renter the exclusive lease option to purchase the property at a later date.
Land loans:
A land loan is used to facilitate and finance the purchase of a plot of land for later use for residential or business purposes.
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Holding mortgage:
Holding mortgage: Under a holding mortgage agreement, a homeowner agrees to serve as a lender for the home buyer, and provides a loan for the purchase, which the buyer repays by making monthly payments to the seller. The seller continues to hold the property’s title until full loan repayment has been made by the buyer.
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How to get into new cons
you gotta learn all the basics of construction and pretty good knowledge of finances, vcodes, ordinances, construction styles,etc. Plan on years to gain this...and there are college/vocation classes as well
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