Welcome to OnlyCarryOnly.com. We are new online but not new to owner financing real estate. As professional investors, owner financing is a great way to buy and sell properties.
Buyers are having such a hard time getting loans today. Either they have had some traumatic damage to their credit such as a short sale or foreclosure, or they are self-employed and although they make plenty of money, if they claim what they make the tax man takes a large chunk and if they don’t claim all they make, they don’t qualify for what they can afford.
As a buyer, if you think you can’t qualify, we may be able to help you. Your credit is not that important to us. You need to have 10-20% of the purchase price to put down on the property, have a reliable monthly income you can document and you will have to provide a proof of funds before we go and show the house.
As a seller, we specialize in these kinds of buyers and can help you sell your house faster, usually for more money than you would get by competing with the foreclosures and short sales in your neighborhood. Ask us how to do this.
We will be contributing articles regularly on this topic. We look forward to hearing from you and how we can help buy or sell with owner financing.