The other way Kathy Kennebrook offers owner financing to a buyer is by holding a small second mortgage for them for part of her profit on the deal . This is personally one of her favorite ways to sell properties . Often having this opportunity available makes it easier for your buyer to obtain their a second mortgage for her buyer ’ s with a three year balloon . At the end of the three year period , they still end up owing her most of the principle of the original loan . This can become a nice stream of income for you both on a monthly basis and longterm . You end up getting a big check when your property is sold , then smaller monthly payments for a period of time , then another big paycheck at the end of
By Kathy Kennebrook
Kathy Kennebrook Discusses Using Owner Financing To Sell Properties Quickly ( Part 2 )
first mortgage and gives you monthly cash flow for part of your profit . You actually end up making more on the deal this way since most of the buyer ’ s monthly payment to you on the second mortgage is interest .
Kathy Kennebrook will typically hold the buyer ’ s balloon . end up being paid between 9093 % of the
The other method Kathy Kennebrook total amount in cash when the closing suggests using to sell properties is to takes place . In this instance , if Kathy owner finance the sale of your property Kennebrook knows she is going to sell the for your buyer , and then sell the note to note at the closing and take a lump sum someone else at the closing table . If you cash payment , she makes sure she has sold structure your deal correctly , you usually the property for its full retail value or a little more . This way Kathy still gets a big paycheck and most of the value of her property ’ s sale .
These are just a couple of other methods you can use to sell houses that will drive buyers to you even in a sluggish market because you are offering your buyers assistance that most other sellers are not .
For more information on selling homes on a Work For Equity Plan , check out part three of this article . In the meantime , visit Kathy Kennebrook ’ s website at
Marketingmagiclady . com for even more information on buying and selling homes
Image by Jens Neumann from Pixabay quickly in any market .
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