vacant property recovery program What is Creative Real Estate Financing [Seller Financing]

http://houseflippingguide.com - what is Creative Real Estate Financing and how can I use it to work with property sellers. This type of financing basically allows you to purchase a property creatively without using traditional financing. Let's say you have a seller that owns a home with no mortgage or there is a small mortgage on the property. You basically offer to purchase the property from the seller and the seller acts as the bank

For Example:

1. Home is worth 100k
2. You, offer the seller 10k down
3. Seller carries financing for 90k
4. Seller carries 90k for 30 years

The 90k is not financing you qualify for. It is a written agreement between buyer and seller.

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vacant property recovery program What is Creative Real Estate Financing [Seller Financing]
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