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Old 10-07-2012, 06:01 PM
  #23  
bcpilot
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Joined APC: Apr 2011
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Originally Posted by flap View Post
Looking at FSBO's helps. If the owners are retiring, they are usually looking for income as opposed to lump sum, so very agreeable to carry some paper.

You can do the same with MLS properties, and have the owner carry back a certain amount of the equity.

I have not taken advantage of short sales, but I have friends that have darn near stolen properties that are bank owned.

A very good time to but as rents are strong and houses are selling a a steep discount to comparable new construction.
While I see quite a few seller carry-back financings of a small portion of the loan on the 2nd lien position or sometimes the whole loan, it happens more on certain commercial, special use properties, the ones where it is very difficult to obtain financing from SBA or conventional lenders.....
Like the ones with haz matt soil or environment issues......

For the FSBO,(FOR SALE BY OWNER) how many do you see out there, may be 1 in 10,000.......

If you are not into buying short sales, you are missing something.....
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