Hard to Find a Seller Who’ll “Carry the Loan”

Question: “I can’t get a bank loan because of some bad credit and I’ve been reinvesting most of my profit into my business, so my tax returns don’t show much income. Can you find a home for me where I can make payments to the owner? I think that’s called owner carry…” Answer: Right now,
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What Does “Owner Will Carry” Mean?

“I’ve seen the phrase “owner will carry” in a couple of real estate ads. What does that mean?” Answer: It means that if you buy a property, the seller acts like a bank and loans you part of their proceeds for a first or second loan on the property. For example, your banker tells you
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Are Owners Carrying Back Notes?

“Are many owners carrying back notes nowadays? I almost never see it offered. With savings interest rates in the 1% range, you’d think it would be very common.” Answer: Good question. I agree with you that many owners would benefit by “being the bank” and letting the buyer make payments on a first or second
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