Owner Want to Sell His BMW - Will Finance the Deal, Funny, but True

Creative financing, not only for homes, and RVs, but not we found an owner of a late model BMW, who is willing to finance the deal.

Think "like the banks"

Take advantage of the situation. If you own a home and you have NOT been able to sell the property due to the economic climate, put up an "Owner Will Finance" sign and see how many offers you get.

It might be a good idea to speak to an attorney first, but what will always be true, is: If you finance your home, over the years you will receive more than TWICE the amount that you would receive if the home was financed by the bank!

Plus, if the property was or is investment property, the tax liability would be reduced greatly, because you would be receiving the moneys in a monthly payment.

OK, if you need cash, you can always sell your note. However, (this is extremely important) There are many investors who would be willing to purchase your mortgage note, but at a deeply discounted price!

Solution: Set your selling price to take some of the sting out of selling your mortgage note. Do your homework, involve your attorney for the contract and plan your life, regardless of what the banks do.