I don’t mean to alarm you but HAPPY LAST DAY OF AUGUST!!! Yep – it’s September TOMORROW. Where the heck did summer go??
Today I want to hit on something that came up on our Rev N You Facebook page last week.
Read more on Reader Question: Why Would Anybody Lend Money to Me?…
One of the simplest ways to get a property financed without having to go to a bank or rustle up a private lender or two is to get seller financing in the form of a VTB. A VTB or Vendor Take Back, is simply where the seller (Vendor) of a property is willing to provide some or all of the mortgage financing on that property.
by Julie Broad
Finding the money to do your deals can be a challenge as a real estate investor. The banks are so strict about who they will finance. Even if you have enough money for a down payment on one or two properties chances are you’re going to run out of money to put down after a few deals (if you have any to begin with). It’s definitely not easy, but finding money to do deals is not my biggest challenge and I can pretty much guarantee it’s not yours – even if you believe it is.
by Dave Peniuk
If someone were to ask me what the toughest part of 2009 was I wouldn’t hesitate in saying it was finding financing for our real estate investments. We’ve spent a lot of time lately talking about private money as one of the solutions to the credit crunch, but it’s been awhile since we mentioned our preferred source of funds in many cases and that is a nice VTB! And for a change of pace I thought I would write about it from the perspective of a seller … because there are many advantages to offering a VTB to a buyer of your property and as a real estate investor you should not only understand why you should almost always want to ask if the vendor will finance a portion of your property, but why you may want to offer a VTB on a property you’re selling!
In our Rev N You with Real Estate newsletters, the last two weeks have been dedicated to the money you need for real estate investing. I talked about how to invest in real estate with no money and how to finance your real estate investments.
Read more on Real Estate Financing Definitions Every Investor Should Know…
