Has The “Temporary” Seller Finance Program Died Out?
It seems as though the “Temporary” Seller Finance Program has died out, but has it really?
Well, yes & no.
The Home Seller Assist Program (HSA) that provides the “Temporary” Seller Finance Program taken on a new look.
Not just on the outside, but the inside as well.
With the ever changing economic uncertainties we’re facing, an investor’s key strength will be the ability to roll with the punches.
We as investors will take hits, that’s for certain, but we can control how hard and for how long.
The “Temporary” Seller Finance Program still works, but at this point, is it a seller’s best option?
A good choice could be to do a lease option. (See left side bar).
If owners need to sell immediately they can still advertise using seller financing, but it’ll be in their best interest to go with an FHA approved buyer rather than giving up 15% of their equity.
Of course their will still be times where sellers will benefit from using seller financing, just not as a first choice anymore.
Does that spell the end for the thousands of members who’ve signed up for the program as a business?
That turns out to be a resounding NO!!!
The Home Seller Assist Program has now rolled out 8 courses available to Platinum members.
Two of most popular programs are the 1% Funds Program and the Asset Finder Program.
The 1% Funds Program allows members to go out and locate short sale or REO property, obtain a Proof of Funds Letter from their investors, put the property under contract, and go to closing with an end buyer in place to flip to after using the investors’ funds to purchase the property from the seller or the bank. The investor only puts up the money for a day, thus only charging 1% for the use of those funds plus a $300 fee.
The cheapest on the market.
Other investors will charge 1 1/2% to 3% + fees.
I might also add that the Program provides training to teach members how to handle seasoning issues and other details left out of my crude description.
The Asset Finder Program is another popular program that allows members to make money by locating assets held by banks for an asset buyer tied into the program, earning 1/2% on the bulk packages banks are looking to sell.
Ex.
A member locates a bank looking to sell 5 million dollars in assets and sends the information to the asset buyer and earns $25,000 from the bulk sale.
Not much more to it than making phone calls and sending emails!
You must be a member to participate however.
No third party individuals may take part in any of these programs.
The programs are still new and lucrative and definitely worth far more than the price of admission.
When these new programs emerge it’s extremely important to attack it right away before the vast majority find out about it.
The key things to remember are that nothing lasts forever and all good things must come to an end of sorts.
These are a few of the niches that have recently opened and will create six figure incomes for people who get in early.
Get in, get on the phone, and start taking advantage of all the money that the private investors are throwing at us!
Tags: HomeSeller Assist, Owner Finance, Seller Finance, Seller Financing, Temporary Seller Finance Program
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