Last night we covered an old Seller Financing Strategy that is making a comeback in a big way. Contract for Deeds / Seller Financing used to be very popular back in the 1980’s and 1990’s. They went away in the early 2000’s when it became easier and cheaper to get a loan to buy a house than it was to rent a place. So Seller Financing wasn’t necessary over the last several years. But that is changing.
With the credit requirements and down payments needed to buy in today’s market, Seller financing will become the most popular choice of buyers and real estate investors in the near future. Another industry that went by the wayside in the early 2000’s is the Note Buying industry. A lot of Note Buyers were buying Contract for Deeds and other Seller Financing instruments (Paper). I believe that this business will make a comeback as well over the next few years.
REP Premium Members can watch the replay of last night’s training call at: https://www.realestatepromo.com/MyAccount/WeeklyTraining/2009-11-30/Default.aspx