In today’s market, every financing option needs to be in play. The Owner Carry is one option you must learn to use when it is available. And sometimes you have to be creative to “Git Er Done”.
In this post, let’s look at ways you can get what amounts to an Owner Carry … even if the Lender won’t allow a traditionally structured Owner Carry.
With a 100% Carry you are golden …
When your Seller is giving you a 100% Owner Carry – meaning you give them a down payment and they carry all of the remaining debt – you don’t need a Lender. You are free to negotiate whatever terms you need to get ‘er done.
And if you are getting both an Owner Carry and a Conventional Mortgage, things can get sticky on occasion.
First, an Owner Carry is always much more difficult to obtain when you are assuming existing financing. It just is … plain and simple. You will want to look long and hard at any assumption that requires an Owner Carry because it is definitely like swimming upstream!
Remember: Carry + Loan = Combined Ratios

