Joe Homs 949-625-4533Real Estate Broker, Pellego · Real Estate Broker at Pellego

No bank financing! Seller will carry back the loan for you.

25 Jul 2022 · 3 min

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2:31

This content was created by Joe Homs 949-625-4533. This content was uploaded by Joe Homs 949-625-4533. This is a YouTube video titled "No bank financing! Seller will carry back the loan for you." (created 2022-07-25) featuring Joe Homs 949-625-4533, a real estate broker/mentor/investor with 40+ years of experience. The clip is a property pitch/announcement for a South Orange County 2-bedroom, 1-bath condo where the seller is offering owner financing: a 30-year amortization, due in 5 years, approximately 5% interest, and about 20% down. The unit has a carport (no garage). The speaker markets this as an opportunity for buyers with cash or limited credit (or parents buying for children). Metadata includes a YouTube thumbnail and the provided creation timestamp.

Chapters

Welcome, my name is Joe Holmes and I have over 40 years of real estate experience as a broker, a mentor, and investor. And today I've just decided to jump on because I found a very good deal, and 6 months ago I— you wouldn't have found a deal like this. Anyways, it is a condo, 2-bedroom, 1-bath. In South Orange County. I won't give you a lot of details because, um, some other agents may jump on it, but the— what's, what's fantastic about this deal is the owner's willing to carry back a loan on this property. I just spoke with the owner. They're willing to carry back the loan based on a 30-year mortgage. However, it is due in 5 years and at the current interest rate, so somewhere around 5%, and, um, the, the down payment basically is 20%. And now that's just what he told me to begin with, and obviously everything in real estate is negotiable, so this is just a starting point. So for those of you who are out there who may have some cash sitting around And are looking for a place but may not have good credit for whatever reason, or maybe mom and dad's out there, have one of their kids living in the home with them. This is a perfect opportunity to purchase something for them and, and not have to have a bank involved in the process. So anyways, It is in South Orange County. It is a 2-bedroom, 1-bath condo. I can tell you it's a very nice area. There is no garage. It's got a carport. So it is available. Just let me know if you're interested in something like that. I'm happy to negotiate with this seller and get the best price for you and the best terms. So give me a call when you get a chance. Thanks for showing up. I appreciate it.