Real Estate Blog – Condotron

The current mortgage market is crazy and the market can be tough for investors. An investor might not have money for the down because of certain financial issues or encounters hurdles for financing approval. Despite this, investors can still get a property without draining their bank account.

Lease Option

Investors can negotiate to lease the property with an option to buy. It will appear like you are renting the property and this monthlies can be put towards a down payment. This option can allow investors to secure the property while they are short of funds or no funds at all for a down.

Owner Financing

When some buyers cannot get approve for a loan to buy a property, one way in is to go for owner financing. The owner of the property will take care of all the bank work instead of the buyer who may have poor credit score, bankruptcy, or late payments.