Frequently Asked Questions
I’m interested in selling my property and carrying paper. How can I find out if it will work in my particular situation?
The best way to find out is to shoot me a quick email telling me briefly about your situation and what you’re trying to accomplish. Tell me what your property is worth, how much your underlying mortgage is, why you’re selling, who you want to sell to, and what your most pressing needs are. If you’re not a candidate for seller financing, I’ll let you know right away and perhaps give you some other options to think about.
If carrying paper is something that potentially sounds like a good fit for you, you can hire me to take a detailed look at your personal situation and give you a variety of options based on your individual needs and circumstances.
I know you buy notes, but I also see that you’re a real estate broker, can you list my property?
If your property is in Los Angeles County (minus the Antelope Valley), we can list any property that you have, whether you intend to carry paper or not. My partner (mother) and I work together on every listing to provide you with unsurpassed and personal service.
If you do plan on offering seller financing, then we should definitely be your first choice when choosing a real estate professional. See our flexible and affordable menu of services for L.A. County properties.
If your property is located somewhere else, I can help you find the perfect Realtor. Chances are, I know someone in your area that understands seller financing, and we will work together to make sure all of your needs are met.
What will my capital gains be if I sell and take a 20% down payment?
While I understand the generalities of how things work, I’m not a CPA and can’t give you specific tax advice on your particular situation. It’s very important that your accountant and I work together to make sure there are no unpleasant surprises when you decide to sell with or without an installment sale. For a little information on how capital gains work in California, read: Calculating Capital Gains
I have a lot of equity, and I really need to walk away with most of it at closing. Can I still use seller financing?
Absolutely! Carrying paper DOES NOT mean you can’t walk away with cash at the closing table if that’s what you want. Offering terms to a qualified buyer is a great way to close your deal at an attractive price. Then, once you have a great real estate note, you can turn around and sell it to us for instant cash. This is sometimes called Simultaneous Closing, or Table Funding.
We will help you structure a winning seller carry back transaction, make sure you have a strong note, and then we will buy all or part of it from you. We create customized solutions to meet your specific needs.
I’m a BUYER. How does SELLER financing help me?
If you’re a buyer with a down payment and decent credit, then the world is at your fingertips! As a buyer, you should be working with a Realtor who knows how to negotiate a possible seller financing deal for you!
Here are a few of the benefits of seller financing for buyers: avoid the hassles of qualifying for bank financing (this is worth its weight in gold!), no points or origination fees, interest rates often as good or better than what you could get at a bank, quick closing, and the ability to customize the loan to your liking . . . it’s whatever you and the seller agree to.
I’m selling my property FSBO, so I don’t want to list with you, but I am willing to carry paper. Is there a way we can work together?
Of course! Offering terms (providing the financing, carrying paper, taking back a note) is a great tool for FSBOs who want the competitive edge. Seller financing will help you out-perform your competition. This report is a must-read for you: The BOFS for the FSBO: Owner Will Carry
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