Why Not Consider Owner Financed Homes?
In today’s real estate market there have been quite a few changes because of the collapse.The days of seller inflexibility have passed because properties are sitting on the market and not selling. You should consider owner financed homes rather than just leasing or renting. Lease and rent payments do nothing for you, but they do pay off someone else’s mortgage. Structured properly, you can build up a considerable amount of money toward a down payment for a conventional mortgage if you desire to go this route later. Check out the pros and cons below. Here Are The Pros Of Why You Should Consider Owner Financed Homes: • Build equity rapidly instead of just making payments • No big complexes and the hassles that come with them • Easier than passing a tenant screening • You are in control-not a landlord Here Are The Cons of Why You Might Not Want To Consider Owner Financed Homes: • You can be penalized if you do not follow through with a complete purchase • Without proper knowledge you coul
