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Real Estate 101: this source of financing is often overlooked

by The 100 Companies

So you’re ready to make a deal, but need a loan. Financing investments can come from many sources –  banks, community lenders, mortgage brokers, life insurance firms, etc.

A great source to consider that’s often overlooked is seller financing.

There are a myriad of reasons to approach a seller about financing some, or all, of a real estate transaction – as many reasons as there are properties, such as change of partnership, change of lifestyle, marriage/divorce, college tuition, etc.

Tax implications of a sale could play into financing – even trading another property for the one you want. Ask your Broker for ideas!

Steve Massell, Massell Commercial Real Estate

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