Carleton Sheets - *Best-Selling Author
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Tag >> Creative Financing Techniques
Posted by: Carleton Sheets in Seller, Sale on Real Estate, Reverse offer, Real Estate Market, Real Estate, Property, Motivated Seller, Market Value, Housing Market, Creative Financing Techniques, Buyer, Builder on
May 22, 2009.
Once again, I have to thank my staff who brought a selling technique to my attention that I haven't heard about in years. A technique that was commonly referred to as a "reverse offer" is in the news again. This is an aggressive technique used when sellers present buyers with an offer to purchase the sellers' property---instead of vice versa. And although it's more common for builders to
People are becoming more and more creative when trying to entice buyers to purchase a property according to an article I read in USA Today. To make their property stand out from the rest, sellers are offering everything from microwaves, plasma TVs, and cars ... to free weekend stays in the property. And according to the same article, here's a novel idea that's catching on: a raffle. The
Have you wondered how we, as real estate investors, can help speed our economy on the road to recovery? Buy a property! If you find a property that you want to add to your portfolio---and can qualify for a mortgage---don't sit on the sidelines. And if you don't qualify for a mortgage, consider purchasing a property using one of my creative financing techniques.
Why? Well, as an article in USA
Posted by: Carleton Sheets in Credit crunch, Creative Financing Techniques, Bailout on
Sep 28, 2008.
I've been asked my opinion about the current government bailout and how it will affect real estate investors. If you are currently a real estate investor, you may have noticed that it has been more difficult to get credit---even if you have excellent credit! Banks have tightened their lending standards, lowered their LTV (loan-to-value) limits, and are very cautions about who, what, why, and
I was reading an article the other day about how life is great for the "repo man." It made it so clear to me that although the news is overshadowed by the housing crisis there are so many other layers to the mess we're in.
The "doodads" (as Rich Dad® Poor Dad author Robert Kiyosaki calls them) that people bought in the past---boats, classic cars, snowmobiles and the like---are being
In the self-gratifying "now" society in which we live, I have noticed that patience has gone by the wayside.
No longer does anyone save their money to buy what they want. They just purchase it on a credit card and immediately their "need" is met---no matter how big or how small.
Real estate investing does not work like that. It is not a get-rich-quick scheme. Yes, there are exceptions to this
Posted by: Carleton Sheets in No Money Down, Creative Financing Techniques on
Jul 10, 2008.
As I've shared with you in previous blogs, the real estate market is cyclical. Throughout history, there are periods of boom and bust, and you can bet that our current situation will weigh in heavily on the "bust" side!
Examining the bust that we're in the middle of, it's not hard to understand why lenders are pulling back on the reins and becoming more conservative in their lending practices
Reading the current news has reminded me of the cyclical nature of real estate.
About five years after I became a serious real estate investor, I found my career spiraling downward. I lost nearly all the profits I had built up. What happened? Was my new career founded on air instead of solid ground?
The combination of overbuilding, the energy crisis (remember the long, snaking lines at every
One of my staff members recently rehabbed and flipped a property. And she must have done something right because, in this market where a glut of homes just sit and sit, she received three offers within five days.
Which offer was accepted? Well, she ended up selling to the only buyer who had a pre-approval letter. That buyer was serious---and prepared.
As a prospective buyer, it costs nothing
Posted by: Carleton Sheets in Interest Rate, Creative Financing Techniques, Buy Down on
Jun 21, 2008.
There is a technique that allows you to help the buyer lower his or her mortgage payment without requiring a large down payment, or sacrificing your profit.
Buying down a mortgage rate means that you, as a seller, will pay points up front to help lower the buyer's monthly mortgage payment instead of lowering the price of the property. (One point is 1% of the sale price, and each point lowers
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