98% of ALL Real Estate Investors Will Be Denied Bank Financing This Year

Posted on August 6, 2012 by

Fact: Getting Bank financing this year or any year in the near future for real estate investors is no longer a reality. If you haven’t noticed the real estate investing business has had a major make-over, and in my opinion not for the better. What this means for the real estate investor is, affordable financing to buy houses just isn’t going to be in the cards for them. Some of you may think you can actually get a loan from a bank or you think it will be easy for you to find a private lender with lots of money who will fund your deals, all I can say is Good Luck. Many of you are still making offers to buy houses contingent on getting some type of financing when this could prove to be impossibility? The worst thing I see everywhere I go are investors believing they will be able to make their deals work and get the money they need to complete their transactions when I know for most it isn’t going to happen. All too many investors are finding it impossible to get affordable financing today. So let me ask you, how do those of you who depend on getting some type of financing plan to pay for the properties if you can’t get the money? Unless you can figure a way to pay for the deals you find you will slowly go broke. This isn’t a pleasant thought is it?

Many of the leading economists I follow are saying that the economy we are currently in won’t completely recover until 2023. If this is truly the case I see a ten year window of opportunity unlike any we have ever seen before if the investor is willing to learn how to make a slight adjustment in the way they are doing their deals.

Here’s what I see as another major problem for investors today… for the investors who have less than good credit and don’t have access to money having to use Hard-Money loans or some type of a bridge loan to finance their deals. This is a wonderful plan provided each deal can endure the costs of these types of loans and still give the investor the profit they need. For most investors using these types of loans may be unavailable or just too costly.

Are you losing sleep at night worrying about how you will be able to pay your bills every month? Are you worried that you might lose everything you’ve worked so hard to acquire from years of hard work?

Have you heard the stories about other investors going broke simply because they are unable to close on the properties they are buying just because they don’t have access to the funds they need? It’s a simple fact there are hundreds of thousands of real estate investor across the country this year that won’t be in the business next year! Are you going to be one of them?

Do You Have a Plan How You Will Find Affordable Funding?

Do you currently have a plan how you will fund your deals this year or haven’t you worried about it yet? If you haven’t its time you did and the time is now! There is a solution to this problem. The solution I am talking about is what real estate investors have done to finance their deals for hundreds of years and today that very strategy is what smart investors will be using when everything they were previously doing no longer works.

The solution to the problem of not being able to get affordable financing to fund the deals you do is what is known as Creative Seller Financing. This is a way to buy real estate by having the seller accept monthly payments from you over the course of the loan instead of you having to get a loan from a bank. Seller financing has been used for hundreds of years before banks were started and for successfully investors today it is quickly becoming the financing of choice by sellers wanting to sell their property quickly and also for those sellers who want a continual income stream for many years to come.

Because of the easy availability of getting institutional financing over the past ten years most investors haven’t heard of seller financing and don’t know how to implement it. On August 18th, I am going to show everyone how to use seller financing to fund their deals as he has done for over 30 years and continues to do today. Here is some information you might not know that will help you better understand why seller financing will be the answer to funding your deals.

Fact: Many of you don’t know that currently that less than 20% of all of the houses in this country are in some stage of foreclosure or are bank owned after the foreclosure has taken place. And here is another interesting fact that will change how investors can and will be able to continue to make money buying real estate regardless of the availability of bank financing. This is a way to fund your deals so you never have to slow down your buying machine.

Fact: Did you know that, 30% to 40% of all of the houses in this country are FREE & CLEAR with no debt on them? These free and clear properties have owners who are not restricted how they can sell their properties because of the existing loan attached to the property. These owners of free and clear properties have the ability to make a deal where those who have an existing loan on their property cannot.

Let me ask all of you a question… do you think it will be easier to fund a deal where more is owed for the property than it is currently worth and in foreclosure or already has been foreclosed and gone back to the bank after the foreclosure. Let me tell you from experience, the only way you will be able to buy any of these properties is to pay for these properties by either paying ALL CASH or get some type of financing to buy the properties. When you find a property that is free and clear the owner can make a deal you can easily do without having to pay all cash or having to get an institutional loan in many cases.

Many sellers who own free and clear properties they do not live in may not want all of their money at one time because of having to recapture all of the depreciation they have claimed on their income tax return for that property for many years all in the year of the sale. They may not want to pay all of the capital gains which is the difference between what they paid for the property years ago and what they sold the property for, again all payable in the year of the sale, and then with what little profit they have left from the sale then putting what is left into a savings account or bank CD’s at 1% or less. This is not the best way to make money nor fund a retirement program for the seller.

Here is a list of benefits Seller Financing can give not only the seller of the property but also you, the buyer.

Seller Financing Benefits You Can Count On!

Here is a list of reasons why seller financing can and will change the way you do business from today forward…

  • No More Humiliating Loan Application Processes Just to Be Later Turned Down.
  • You Will Have A Distinct Advantage Over Other Investors In Your Area.
  • You Will Be Able to Buy Real Estate Even If You Are Bankrupt, Because Your Credit Score Won’t Matter.
  • You Won’t Need Money or Good Credit to Buy Real Estate.
  • You Can Create Huge Future Discounts When You Get Seller Financing Terms.
  • No More Credit Checks. Because Most Sellers Don’t Belong to A Credit Bureau.
  • With Seller Financing You Have Quick Closings and Low Closing Costs.
  • You Can Use Seller Financing Terms to Get Quick Cash for the Seller.
  • The Correct Wording in Your Paperwork Will Give You Non-Recourse Financing.
  • You Can Have Multiple Loans In Your Name But Not Show on Your Credit Report.
  • The Seller Can Get What They Want Without Bank Approval.
  • You And The Seller Set The Rules, Not The Bank.
  • Seller Financing Deals Make Perfect Wholesale/Flip Deals.
  • You Can Get Long Term Income or Fast Cash – Whichever You Prefer When You Sell.
  • You Will Be Able to Do More Deals With Less Money Which Means More Profits.
  • Seller Financing Deals Do Not Require Seasoning or a Big Down-payment.
  • You Will Never Have to Pay Points or Loan Fees Ever Again.
  • You Can Structure Creative Deals – By Using What You Want to Get What You Want.
  • Being Creative You Can Make More Profit Per Deal.
  • You Can Create Huge Profits Without Having Property Ownership.
  • If You Get Better Terms = Greater Profit.
  • This Is Creative Information Your Competition Doesn’t Know.
  • It’s all done with Non-Threatening Easy to Use Paperwork.

Larry HarboltLarry Harbolt is the nation’s leading Creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit. Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses. Larry also has been running a meetup group for real estate investors in St Petersburg, Florida for over 13 years. Larry is the real deal!

Contact Larry Harbolt


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