Are You Looking for an Owner Financed Home, Rent to Own, or Contract for Deed?

Given the financial market conditions and what has transpired in the Rhode Island real estate market the last couple of years it is understandable that you are searching for how to own a home without the bank.

You Can Own a Home Now Without the Bank!

In this market bank financing can be a nightmare, the endless signing of forms, the often times confusing process and in these days no one knows what you can finance and what you can’t. Therein lies the problem. Sure you can try to wait out the storm but sometimes you just have to move. Or possibly such as times like today it might be the right time to buy a home. It might be time to consider buying a home on owner financing. Well unfortunately unless you have bought or sold a home on Owner Financing you might not realize that it has its own pitfalls as well.

First off, let us say you want to turn to a real estate agent for help. Well very few agents are well versed in the ins and outs of owner financing. A simple test you can try yourself is just ask any real estate agent how many deals last year they did that involved owner financing? The last two, three, or four years? I bet the number wont be high, in fact real estate agents are just now scrambling to learn all they can about owner financing. They know that is where the market is going, at least for the meantime.

Second, you have the owner to deal with. Now, this isn't a slam on owners who offer owner financing, in fact a reputable owner would be glad you are reading this. A reputable owner will want you to be as informed as possible. It makes the whole process go a lot smoother. But remember typically with an owner financed house you have just met the owner, you know nothing about their past, thier reputation, or really about the house. See buying a home on owner financing is quite different than going to the bank or mortgage broker for your loan.

If I were to guess; the fact you were searching for a owner financing home means you most likely are not able to get financing right now. Please I don’t want you to feel like you are alone there are a lot of people in your same situation, trust me I know, I help them find home’s every single day.

There is just One Problem. Most People are NOT Experts with Owner Financing.

That is why I am proud to release:

How To Buy Owner Financed Homes

How to Buy Owner Financed Homes provides you with everything you need to know about How to Find Owner Financed Homes and
How to Protect Yourself Before and After You Move In

This book is delivered as a pdf.

List Price: $24.95

Special RIOwnerFinancing.com Price Only: $19.95!

In my how to guide book you will find:

Overview of How Owner Financing Works and insinght into Owner Financed properties, homes, and houses. In this section I explain what is owner financing? What are your most common options and how exactly do these options work. What is the benefit of a contract for deed, deed for title, or land contract type deal over a rent to own (lease option) or a seller carry back?

Is Owner Financing Right For You?. Here we explore the question of whether or not you are ready for an owner financed home and is this type of home ownership right for you. Are you ready for ownership or do you need to step back and reorganize before you take that next step? The two main items I cover in these chapters are:

Buying an Owner Financed Home - What does it mean for you and your family.

Selling On Owner Financing – What it means for the Seller and why do owners offer financing?

Testimonial from Katie Davis (Sacramento, CA):

Thank you! Thank you! Thank you for writing How to Buy Owner Financed Homes, as a single parent of two I thought it would be years and years before I would ever own another home. Now I am a proud owner of a 3 bed, 2 bath home and and both my kids now have thier very own room. I don't think I could have done it without your book. and you asked for us if we sent you a note share the terms we got, the terms I got are amazing, for the first two years...

excerpt taken from e-mail (spelling and gramatical errors in original)

Get Prepared : Primer for planning and finding the perfect home. So you now know that Owner Financing is the right next step for you, now it’s time to get organized. Here we give you a step by step overview of what you need in order to find that perfect home. This section will help you make the search and offer process as seamless as possible.

How to Find Owner Financed Homes and Houses (traditional means). What are the most common ways to find owner financed homes available? For instance you found this page either by first visiting a site like CraigsList.com or by a Google search.  In this chapter we explore those options.

The Secret Ways of Finding Owner Financing Homes and Houses No One Tells You . This chapter alone makes the book worth the read. I give you the inside tips on how you can find owner financing homes no one knows about? This is how the savy real estate investors do it. How can this be possible? Well think about it, you see an Ad on Craig’s List, the owner of this ad might be getting some decent amount of response, so remember when responding you are just one of many. But what if you could find owner financed homes that are great homes but very few people are inquiring about? Here in this section I give you the true secrets on how and where to find these homes.

So You Found the Perfect Owner Financed Home, What Do You Do Now?

 How to verify the value of the property - A step by step process to verifying the value

 How to negotiate with the owner, realtor, or Management Company

 Steps to protect yourself and your family before you choose this home

 Steps to protect yourself before and after you move in your new home

This chapter will give you insight and the steps you need to take to protect yourself in situations such as:

Let’s say you find the perfect home in a great neighborhood. The price is perfect and you and the owner have agreed of a monthly payment of $1,800.00 a month. For simplicity let’s say this payment covers taxes and home owners insurance (which names you in the policy... more on that in the book). Now in the verification steps that I teach you happen to find out that the owners total PITI (Principle and Interest Payments on the mortgage, taxes, and insurance) payments  are actually $2,200 a month. What should you do? What are your risks?

Do you want to trust that for the full length of the term of your agreement with the owner that they will be making that extra $400.00 a month payment? What if they don’t, where can that leave you and your family? What if the insurance doesn’t get paid and you have some damage such as a hail storm? Or the property taxes… the possibilities are endless. In this section I help you wade through the ins and outs of what to do and how to protect against situations like this.

... and much more detailed information about owner financing and how to buy a home on owner financing. I even have written a special section on buying owner financed brand new construction homes and houses.

But wait, you must be asking yourself aren’t the owners who list their homes on RIOwnerFinancing.com upset at me for writing this HOW TO book?

Well some might be, but please both owners and buyers listen to me on this. If an owner of a property is threatened by a buyer that is educated about most likely the biggest purchase in their life, and a place where they call home for themselves and their family then this tells me all I need to know.

Please indulge me a little to let me illustrate. Real estate is sold at market prices, i.e. what a buyer is willing to pay and a seller is willing to sell. Usually they meet in the middle. Well this is usually true in a traditional real estate transaction (for instance, you go to a bank or mortgage company and are approved for financing), now you could say that with under this situation typically the buyer has a lot of the control. Why? Well they control the money, they choose what, when and where they buy. Essentially what this does is keep both sides focused on finding a middle ground.

Now with owner financing sometimes the scales can get tipped on the owner’s side. Why? Well sure you have a down payment and sure the owner wants to sell but all in all you don’t fully control the money side. Not only this, but maybe you feel embarrassed about your situation or regretful that you aren’t able to get financing at this time. In some owner financed deals this might give the owner a perceived advantage.

My book helps you tilt the scales back in your favor by giving you the best steps how to become educated by protecting yourself and your family. Guess what; if you are educated about the process and protecting yourself and the owner simply won’t let those scales equal out, you know to move on. As perfect as the home is you will learn with my book how too simply to find another one just as perfect.

So thank you for reading this far and if you have any questions what so ever please email me at:

I have set out the road map for you to use so that you can have a clear understanding of how to buy owner financed homes. If you are going to be buying owner financing homes, houses, townhomes, or condos and you don't buy my book please educate yourself as much as possible about the ins and outs of owner financing.

Thank you for reading about my book How to Buy Owner Financed Homes everything you need to know about How to Find Owner Financed Homes and
How to Protect Yourself Before and After You Move In