What is owner financing

This is a Blog that will consist of valuable information related to real estate and of course owner/ creative financing in real estate. If you’re unfamiliar with owner financing or have never heard of it, it also goes by the name seller financing & seller carry. Most have never heard of this and have no clue what it means or why it’s even around. Follow this blog and you will receive valuable information and be ahead of the average Joe in the real estate world.

My investor partner and I specialize in owner financing. Why is this important to know?

Most people think there is only one way to be a homeowner & that’s by working hard while doing everything you can right to try to get approved for a home loan. Sadly, over 80% of people are denied a mortgage. Ive worked in the real estate industry and have talked/worked with many people along with mortgage professionals who have denied folks who were off 10 points on their credit score… 10 points! The guidelines seem to be getting stricter by the day. It’s part of the American dream to be a homeowner, but how can you do that when most people are getting turned down?

No need to fear. You can be a homeowner today with no credit qualifying owner financing. That means you won’t have to worry about getting pre-approved by a lender & fearing for the denied call or email. Yes you read that right. You don’t have to apply for a home loan and that be the deciding factor as to if you’ll be a homeowner or not. Follow this blog, because were going to dive deep into not only why this a fantastic opportunity but explain to you how it works.

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Credit issues… 4 of 5 accounts have them!

MOST people have derogatory accounts…

If you have a credit card, or you most likely know someone who does, then you’ll also realize that you know a ton of people with either bad credit or not so great credit… After all MOST credit accounts & based on recent studies that show 4 out of 5 accounts having derogatory issues, you will have to eventually fix your credit issues so you can live a better life while not worrying about your credit when it comes time to buy the things you need to use credit for!

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Don’t fall into impulse buys…

As human beings we can either be extremely intelligent or easily fooled by the things we see. I’m talking here for example when a consumer sees a “Sale”.  Pay close attention to what I say next! It will help you tremendously for the rest of your life! 

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It’s on sale! I need to get it now before it’s too late!

How many of you have said that before? Or if you haven’t said it then I can Guarantee you certainly thought it at some point. Most people buy things they don’t need with a credit card they don’t need which in most cases turns to them paying interest on this thing they don’t need which can then turn into a missed payment on the thing they didn’t need which now turns to your credit being affected by a late payment!!! On something that wasn’t needed, that wouldn’t make your life better to begin with. Now I’m not saying credit cards are bad & that you should never use them. What I am simply saying is that you must be smart with them & think of the end in mind!

I’ve seen this multiple times & it’s never left my mind since I saw it…

If something cost $1,000, & it is on sale for $750, & then you decide to buy it, you did not save $250. You spent $750.

Let that one sink in….Some people die for sales….It’s called Black Friday….

So hopefully by now you will be more cautious of what you spend your credit card money on, let me answer one of the most googled questions for you right now….

How do I fix my credit?

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Be careful of credit repair companies!

Most people have terrible credit & it stays that way because they are either embarrassed or have no clue what to do. Not all credit companies are bad! It’s great if you find one that truly looks out for your best interest which as you can see in the news recently that a few of these big companies have been hacked or sending false reports to their customers! Not to mention the cost or monthly subscription it costs to work with some of these companies is beyond what some folks could pay, especially if your credit is bad & you’re already in debt…

Embarrassed or lost…

The last thing most people want to do when they have bad credit is call someone to tell them they got denied a home loan or a new car because their credit was the issue… It’s also very easy to see that most people don’t know how the credit industry works & that’s what most credit repair companies bank off of & how they make their money.credit-card-1080074__340

Did you know you can repair your own credit in 76 days or less?

It’s true. Instead of paying the monthly payments to credit repair companies or a large fee to have them repair your credit, you can take care of it yourself. Most credit companies make money off of people having no clue on how to repair their credit but that can all change for you & the best part about it that people love…. You don’t have to call & explain your situation to anyone once you learn how to do it yourself.

How do I do it?

Let’s use this simple example to explain… Say you’re going to go buy a car & you want the best deal & best terms possible. You look online trying to find info on how to do it but it seems like you can’t come up with all the information. You become a bit worried & nervous because you don’t want to sound like you just researched all these things you’re confused about online & then try to hit the salesmen with them… BUT WAIT! You just remembered your cousin who has retired from selling cars!!! You waste no time contacting him & asking him what it is exactly that you need to say & what to do to get the best deal possible. He tells you exactly what to do & you walk in there with a ton of confidence & get the exact deal you wanted without being haggled by these salesmen because you know how it all works thanks to your cousin! Wouldn’t something like that be great when it comes to fixing your credit?….Well of course….

 

Meet the guy who can help you just like the cousin did!

Vincent spent 12 years in mortgage banking repairing thousands of credit issues on peoples credit. Spending that long in the mortgage industry, you could imagine how many credit reports the man has seen. He has created something for the people with bad credit who need it repaired, that teaches & shows exactly how they can repair their credit in 76 days or less. No more worrying about choosing a credit company & hoping for the best while paying the high fees or a subscription. If you follow everything he teaches & gives you then you can do it yourself right from your home computer & not have to worry about if the credit repair company you chose is working in your best interest. Don’t take my word for it! Watch the video in the link here & see if it’s something you or your family could benefit from!

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How Realtors & Agents can make easy money!

Whether you’re a new or experienced real estate professional, you rely on a buyer to buy a home or for a seller to have you list their house. After all, that’s how you get paid a majority of the time. There are other little ways an agent can make money, but by far one of the easiest ways is simply referring someone…. Some agents make a lot of money with referrals but this is about to change your business.…Sit back as I’m about to take you through an EASY & I MEAN EASY way to make a lot of money just from referrals. But these aren’t just your ordinary referrals! This is a MASSIVE opportunity…

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Whether you’re looking for a way to make more money as an agent or looking to create more business, then this can be extremely easy & simple for you. You’re probably wondering who I am!? Let me introduce myself!

Who are you?

My name is Brandon,

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I specialize in owner financing in all 50 states. What does that do for you? Or maybe you’re wondering why I’m telling you this. The way we help sellers & buyers is in a unique way. With owner financing, we help our buyers become homeowners as fast as same day with no mortgage needed & no credit qualifying. You read that right, a home buyer can become a homeowner in the matter of a day without applying for a loan…. You’re probably asking yourself, why wouldn’t the buyer just go get a mortgage?

Lets break it down!

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The main reasons a buyer either can’t get a mortgage or doesn’t want to apply:

  • Doesn’t have the best credit to qualify for a mortgage.
  • They’ve been denied because of a guideline issue.
  • Has high net worth but is self employed & doesn’t claim all their taxes so they can keep most of their money.
  • Has had a recent job change or has had a past bankruptcy.
  • The list goes on & on.

Let me get to the point.

No matter how long you’ve been in real estate, your goal is to ultimately make as much money as possible & help your customers.

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This system wouldn’t work unless you had someone like myself to partner with. This is how it works & how you create more business for yourself TODAY!

So say you’re working with a buyer who couldn’t get approved. You now realize you can’t make money off this person or even refer them because they’re not approved for a mortgage…. OR CAN YOU? Sure you can put that buyer on a credit repair program or what till they can qualify but that could take 6-12 months! You want money today & you want to feed your family today!

If that buyer matches our requirements for owner financing then you certainly can make money off of a denied buyer!…..Read That Again…..

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Requirements:

  • No credit qualifying!
  • We work with homes in the price range of $300,000 – $8M +.
  • Buyer must have 5-30% down payment available for an owner finance home. Percentage depends on purchase price.
  • Available in all 50 states!

Not only did you do something unheard of to other agents, that you just turned a denied buyer into money, but this buyer WILL LOVE YOU, because they were relying on you & a lender to complete their dream of becoming a homeowner! When you can provide value that another agent couldn’t, then you just became more desirable & more likely to receive referrals from these clients you helped. THIS IS INCREDIBLY SIMPLE!

Say you’re holding an open house for a $500,000 home…. 20 People come through, you get their information, you work everything right so you can follow up, 12 of those 20 people are interested in the house or one similar. Let’s say 10 of those people are really interested & you are working with them all to put an offer on this house or go find them another…..Most agents pre-approve a buyer before showing houses… But let’s say 10 didn’t get approved…. 5 of those buyers have a down payment & are ready to be homeowners….. You refer the 5 denied buyers, we get them into a home & you just made quiet a bit of money for not much work…

Lets say you do 5 of those a month for a year & we will use $1,000 referral fee for example.

5 x 12 = 60 Denied buyers with a down payment.

60 x $1,000 = $60,000 From just referrals….

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Now you can understand why agents are jumping all over this opportunity…

Also we come across times where we have to refer sellers out to our preferred agent in the area, because they want to sell their home.

THIS HAPPENED ON AN OVER $8 Million mansion close to Santa Barbara California!!! Sadly at that time, we weren’t working with any agents in that area or around that area so we couldn’t recommend one right off the top of our heads. We also come across a lot of buyers we have to refer out. There are agents dying for that kind of business… We initially have only been working with lenders on this sort of referral basis but have seen that agents can benefit from it big time too. Ask how you can become a preferred agent today. It’s 100% FREE.

We work with lenders in a similar way for they can instead of just crushing a dream & denying someone, if they match the requirements, then that lender can be the hero to that person & their family by giving them the chance to still be a homeowner….. What do they get out of it? A refinance from that client & more business to come! ( I have a whole other blog post for lenders because they absolutely love this too.)

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So Listen…

I know you will have questions & many things you would like to know about. Feel free to reach out to me & I will be more than happy to answer them for you. If you feel you’re in a market that you deal with a lot of these $300,000-$8 Million + & would like the easy money of referring a denied buyer, then contact me & we can see if we would be  good fit for each other & create a massive amount of business on both sides.

Have an outstanding day & I hope to hear from you soon!

Contact me at beahomeownertoday@gmail.com

You will be glad you did 🙂

 

 

 

 

How mortgage professionals can make A LOT more money…

If you’re reading this, you are likely a lender or mortgage professional & want to take your business to the next level. More sales means more money & the strong possibility of repeat business along with more customers. Get ready because I’m going to show you how you can make more money and generate even more business for both you and your referral partners.

What if I told you that you encounter a massive opportunity all the time to earn more money & close more sales and it’s right in front of your face!? What is it you ask? Well I’d love to show you! Best of all it’s 100% FREE! I’ll say again 100% FREE…

What I’m about to tell you is extremely important information for your success!

This is a tool you can easily use to help get you to the #1 spot in your office or on your team or even in your city… Or get you your dream car! Drum role please…. Here it is. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

Lender + owner financing = Ma$$ive $ucce$$….

Now you’re saying that’s it? How? Or maybe you don’t know what that means, or how you can make a lot more money & business from this? That’s what I’m here for 😁 let’s get down to it! 

The customers you decline can make you rich…💰

Would you agree that given the opportunity, you would love to close more deals that come your way?  

Imagine if you were able to do deals with almost everyone you worked with?

Get ready for your life to change for the better!


I specialize in owner financing… I can be your path to A LOT more business!
Let’s get down to how having someone like myself, that you can build a business relationship with, can blow your business through the roof & why owner financing can make you EXTREMELY successful.

 If you’re unfamiliar with owner financing, the buyers of the house will have to refinance within 1-2 years sometimes less. If you read that & just got excited about a refinance then pay really close attention.


What does the diagram above mean?

This is how it works. Someone comes to you for a home loan and they get denied for either 

  • Credit issues.
  • Property issues.
  • Income issues.
  • Self employed.
  • Guideline overlays.
  • Etc.  

The list goes on but they all revolve around the above. 

Now after some one is denied they’re either put into a CRM or put on a credit repair program & but let’s be honest, how many of those customers actually convert down the road?

If the client has been declined for anything other than assets, meaning they have a down payment ready to go, I can help save your deal….This is where I come in to save the day, the point where you realize how valuable I am to you & the point where you just became 100X more valuable to this client.  😎 Be the great salesperson you are & provide value & close this deal TODAY! 

Instead of telling someone you’ve been denied and you can no longer be a homeowner, wouldn’t it be nice to tell them that there is still hope?

What are the requirements we work with?

  • It’s no credit qualifying!
  • We work with homes $300,000-$40M
  • Down payment of 5%-30%, depending on purchase price required.
  • Must be able to make the monthly payments up until they refinance.

There’s no credit qualifying!

Let’s simplify this….Here is a way to take someone who was going to walk out of your office or get off the phone with you, that couldn’t get a mortgage and converted them into a refinance down the road all by saying this exact phrase:

The few second script to make you big money!

I apologize that I couldn’t get you qualified for a mortgage today but you do qualify for owner financing & you can still be a homeowner today. Is that something you’re interested in?”

They’re going to say yes because they came to you to begin with to be homeowners! After they say yes, you then just turn them over to us & we take care of the rest. The lender across the street couldn’t do this unless they had someone like me! Do you know how VALUABLE you just became!? YOU JUST BECAME A HERO TO THEM!

Not only is this person coming back to you when they have to refinance but they’re also bringing the possibility of  sending boat loads of referrals your way but it’s only getting better and better……..

You most likely work closely with Realtors & agents. This is where it gets even more interesting!🤑

Say your Realtor brings you the client and they cannot qualify for a mortgage but meet the requirements for owner-financing. Instead of having to wait until they qualify for a mortgage, they still get paid when the owner-financing deal closes because I am a licensed agent and can pay them a referral fee for the hard work of finding that buyer. Now you look great to your agents!!!!😎

……READ THAT AGAIN…………

Realtors want to get paid!!!

You know what it does to you when an agent brings you a buyer, you do all the work of getting them pre-approved and you realize they can’t qualify but you can turn it into a deal later? When you bring that deal back to the agent, they feel great! What if you could do that immediately??😱😱😱😱 Holy…….

Not only are you creating a win deal, the buyer is winning because they can still be a homeowner and the agent wins because they’re still getting paid!

It’s a WIN-WIN-WIN….

WHAT AGENT WOULDNT WANT TO USE YOU!?💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵

A lender I work with turns down 2-3 people a week. At 3 people a week thats 156 a year. If we get 2 of those people a week into houses… we’ll check this out⬇️

2 denied leads a week X 52 Weeks = 104 yearly.

2 x 52 = 104  That’s 104 refis that lender would have coming back to them within a year or so from DENIED BUYERS…..
 Let me break it down of how you would get leads.😎

  • That client you just saved has the potentional to bring lots of referrals for helping them in a way another lender couldn’t!
  • Once more & more agents find out about this, you will be the absolute go to lender! This means refis on top of refis of their denied buyers + more business from them!🏡
  • You can start calling agents to let them know how valuable you’ve become, just by plugging into my system & watch as the leads come pouring in!
  • When we market properties, we pick up a lot of buyer leads and we send those to YOU–our preferred lenders–who send us business!
  • So you’re getting more word of mouth leads from your denied clients, you’re going to be the #1 go to lender for agents because of the insane value! On top of that, you’re going to be piling up refis and so many possible leads that you won’t know what to do with!💰💰💰💰💰💰


Get in touch with me today and let’s see if it would be a good fit for us to partner together:

Contact me at beahomeownertoday@gmail.com

 Let me help you go to the next level!

Let’s get you on your way to becoming a MASSIVE SUCCESS! 

Why buyers WANT owner financing…

Hopefully you’ve read the previous blog posts to get a good idea of what owner financing is by now. Now you will learn why it’s extremely appealing to buyers, especially the luxury & business owner buyers. Most & I mean almost all home buyers think that the only way they can become a homeowner is too go to a bank or mortgage broker to apply for a home loan & that be the deciding factor as if they will accomplish the American dream of home ownership. That’s why folks are so fearful about mortgages…but there is still hope.

What if I told you that you could get into a house like the one below without ever applying to a mortgage?house-2469067__340

Benefits to the buyer:

  • YOU DON”T NEED TO GO THROUGH THE TOUGH MORTGAGE PROCESS.
  • If you get denied by a lender & still have a down payment, then you can still be a homeowner and purchase your dream home.
  • As a buyer you won’t have to pay the origination fees or mortgage insurance.
  • It’s no credit qualifying.
  • You can move in as fast as same day!Outstanding tax benefits & more.
  • No insane rates some lenders may give you.

As you can see, from a buyer standpoint, them understanding the benefits & knowing that there are other ways to purchase their dream home without a lender or if they’ve been denied, that this way is extremely appealing…But only if you have professionals like myself help you through this most likely new process to keep you protected.

Why owner financing is & has been around

Like stated in the last post, owner financing is essentially where the homeowner becomes the lender. I know what you’re thinking. You’re asking yourself why in the world would a seller do that? It would obviously have to come with a ton of benefits rather than just selling outright! You want to know just some of the benefits? Here they are:

  • If the property is vacant or has been on the market too long, the seller can get immediate cash flow from a buyer.
  • Accomplish monthly principal balance reduction (additional profit).
  • Eliminate debt service.
  • Eliminate utilities cost because the buyer pays for those.
  • Eliminate any additional repair & maintenance expense (no tenants and no calls about toilet issues because this is not a lease).
  • One of the biggest benefits is that you can get a buyer to pay your full asking price and enjoy life without having to worry about the property. That means no paying real estate agent fees and all the other fees associated with listing your house with an agent or broker. Wouldn’t you like to keep all your money?

The seller is getting absolved of:

  • Payments
  • Taxes
  • Repairs
  • Maintenance
  • Insurance
  • Future cost increases like taxes or insurance going up.
  • You won’t have to deal with leaky toilets or roofs along with calls in the middle of the night because the buyer takes care of all of that.

Not every seller is in the situation where owner financing would be the best option but a lot of the times they can get a lot more money out of their house than selling the traditional way. If you’re interested in selling your house with owner financing or have questions feel free to email beahomeownertoday@gmail.com.

If you’re a landlord or have thought about being one, then you’ve most likely heard of the nightmare stories that tenants can cause. With owner financing, you don’t have to worry about any of that because the buyer is responsible for the repairs & maintenance and is also required to take a premium insurance policy on the home listing the seller as the one who would receive the insurance money in case of damage or vandalism. The seller needs to be aware of all the ways he or she can protect themselves from the beginning. That’s where investors like us come in, to help the sellers not only protect themselves but creating a win/win for both buyer & seller. Now what a lot of people are always interested in will be the next post…..the buyers.

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