“Own nothing, control everything.” These are the words of John D. Rockefeller. This statement translates to 2 words – owner financing.
An example for real estate is buying a property subject to the existing mortgage or using a land contract and holding the deed. Then rent the property out to a 3rd party tenant and collect the cash flow or sell it for a profit.
An example for business would be to buy an existing business (in distress) using owner financing. You now control the business and put better management systems in place to make it profitable.
In both examples you control the property/business using OPM (other people’s money) and don’t have to personally take the risk. With these techniques, a buyer can control a business or property with usually just a small non-refundable deposit given to the seller. My team specializes in negotiating the terms between buyer and seller using creative financing techniques.
Tags: buy business pittsburgh, cindy cervone, cynthia cervone, land contract, lease option, owner financing, pittsburgh real estate, rent to own pittsburgh
