Grant Trevithick Real Estate Pro Tips

Purchasing a home is one of the most significant financial decisions individuals make in their lives. Traditionally, prospective homebuyers have relied on banks and other financial institutions for mortgage loans. However, in recent years, owner financing has emerged as an alternative option for acquiring a property. In this article, we will delve into the key distinctions between owner financing and traditional lending for homeownership, outlining the benefits and potential drawbacks of each approach. Owner Financing Explained Owner financing, also known as seller financing or seller carryback, occurs when the seller of a property acts as the lender for the buyer. In this arrangement, the buyer makes a down payment to the seller and agrees on repayment terms, including interest rates and monthly installments. The buyer becomes the owner of the property but owes the balance directly to the seller, effectively bypassing a conventional lender. Advantages of Owner Financing: a. Flexibilit...

  Subject-To real estate deals can be a lucrative investment strategy for savvy investors looking to acquire properties without obtaining traditional financing. In a subject-to transaction, an investor takes over the mortgage payments on an existing property, assuming ownership while leaving the mortgage in the original owner's name. However, despite the potential benefits, there are common mistakes that investors must be cautious of to ensure a successful and profitable subject-to contract. In this article, we will explore some of the top mistakes investors make when executing subject-to deals and provide examples and statistics to illustrate these errors. Lack of Due Diligence One of the most significant mistakes investors make is insufficient due diligence before entering into a subject-to contract. Failing to thoroughly research the property and its financial aspects can lead to unforeseen issues down the road. For instance, the investor might not be aware of existing liens, ba...

  Grant Trevithick here to explain more about what Owner Financing involves and why it may be a great Real Estate Investing strategy. As always I want to disclose that I do real estate in Dallas, Carrollton, Fort Worth, Irving, and many other places in Texas. So it's very important to check the local laws in your state and consult with a professional prior to making any financial decisions. What is owner finance? Owner financing involves the seller of a property financing the purchase for the buyer, instead of the buyer getting a traditional mortgage from a bank or other lender. The author lists several reasons why this strategy can be advantageous for both the buyer and seller. Why is it a great strategy? First, owner financing can be a way for sellers to sell their property more quickly, since it can attract buyers who may not qualify for a traditional mortgage. This can be especially helpful in a slow real estate market, where it may be harder to find qualified buyers. Second, o...