If you want to become a successful real estate investor, there is a lot of advice out there and a lot of different investment strategies to try. It can be hard to find a strategy that works for you. The Wolff Couple has been working in real estate for years alongside Ron LeGrand, and they have eight different real estate investment strategies that can make you money. One of their favorites? Pretty House deals. We talked about how to find Pretty Houses in our last blog post, and today we’ll be talking about one of the strategies you can use to get great value out of a Pretty House deal. Watch today’s featured Wolff Bite to hear Brian explain owner financing and keep reading to learn more!
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A Pretty House is a home where any repairs will cost less than three to five percent of the purchase price. It might need new carpeting and a little landscaping, but it’s a nice house. It may be hard to believe, but Pretty House deals are one of the best money-making deals in the business. The key is financing.
What is a Pretty House Deal?
To make a Pretty House deal, you need to ask the homeowner for terms. Instead of using your own money to pay for the house, you can negotiate your own rules of the deal. Look for a free-and-clear home and a flexible seller who will accept little or no cash down. Whatever you write into the contract becomes the rules of the deal, so there is a lot of room for you and the seller to find a deal that works for both of you. You can negotiate no money down, low payments, and a long repayment schedule if you know what to say. Visit the Wolff Shop when you finish reading this article and order the Wolff Couple’s “What to Say & What to Do” system for checklists and proven real estate scripts to help you get that deal!
What is Owner Financing?
There are six different ways to structure a Pretty House deal. For free-and-clear houses, owner financing should be your goal. Try to negotiate a deal in which you pay the seller directly and get the deed in your name. Owner financing means the seller operates almost like the bank, since they continue to carry the mortgage and you send payments to the them rather than a bank. For more information, sign up for a live real estate workshop near you today!
Pretty House deals are fun, exciting, and lucrative! Owner financing is just one way to structure the deal to your benefit. To learn the other six approaches to Pretty House deals and other great tips and tricks, sign up for a seminar with the Wolff Couple. You can also follow our blog and subscribe to our YouTube channel for more real estate investment advice that can make you real money. Watch for a new Wolff Bite video each week, with clips from our live events, our own investing business, and sometimes our personal lives. We want to help make your dreams come true, and we make it easy. All you have to do is follow our step-by-step checklists and real estate scripts. Visit the Wolff Shop today to get started!
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