Seller Financing Real Estate Basics

The business of creating financing to purchase properties. This allows you to sell acting as the bank, receiving monthly payments, without the use of any lending institution involved in the transaction. When you seller-finance property from sellers you can buy property without a credit check or applying for a loan. This will allow you to buy as many properties as you can get your hands on. If you finance all of your properties, the conventional way with banks there will be a time in the future when the banks will not finance you as often because you will have too many loans on your credit report. Let’s look at some the benefits of Seller Financing properties:

• Little to no money down.
• Low fixed interest rate.
• No bank qualification.
• No credit checks.
• Lower closing costs.
• Will not show up on your credit report.
• Easy to sell to another buyer.

The advantages of seller-financing is we pay the seller a fixed interest rate (lower than bank financing), we pay the seller a small down-payment or better yet no down-payment (lower than bank financing), we pay lower closing costs than bank financing and seller-financing does not show up on our credit report.