Owner Financing Deals
Updated: May 20
Contract For Deed Loans (CFD) File: 30120 Total UPB: $1,767,042.00 +/- BPO Value: $1,823,280 +/- Loan Count: 59 GWAC: 191% Owner Occupied: 78% Geography (AL) (AR) (FL) (IA) (IL) (IN) (KY (LA) (MD) (ME) (MI) (MO) (MS) (NC) (NM) (NY) (OH) (PA) (SC) (WI) The buyer is aware that they are purchasing the property or loan in as is where condition with all faults, liens, encumbrances and delinquent taxes if any. Therefore, it is the responsibility of the buyer to conduct their investigation into the feasibility of purchasing any non-performing loans or REOs offered for sale.
All of the following properties were remodeled a little over 1.5 years ago. Please check online to see some estimates for these properties. Some are worth far more on Zillow and a couple other online sites for a pre due diligence and a rough ARV. Tenants pay for all utilities.
The owner partnered with the management company 2.5 years ago when they were just getting started, that way he could help protect his assets and his clients assets as well. He supplied most of the properties that their management company manages. He found that management companies struggle with this class of rentals, and these guys do an excellent job.
About 1/3 of the tenants are 2-6 months. Another 1/3 are 6 to 12 months and the other 1/3 is 1 to 2 years.
Owner is Negotiable on price. The more someone buys the more he will take off. Owner is offering a 50% owner-financing on this deal if you buy 5 or more. Click Here for a list of the properties from one owner.