Myth #3: I have to be a landlord.

Why do people shy away from creative financing?

It’s all about myths and misconceptions.

In this article we’re going to look at the myth that to sell a home through creative financing, the seller has to be a landlord. 

Myth #3: Becoming a Landlord: Creative financing options involve taking on landlord responsibilities like repairs and maintenance during the financing term.

Truth: This is just completely unnecessary.  There is no reason for the seller to be a landlord.  

Creative financing deals are just that, creative, and the deal can be structured anyway the parties involved agree.  That said, there may be cases where the seller is a landlord, but this is not how we do things at Black Belt Investments.  

In all of the deals we structure the seller is NEVER the landlord.  We (the buyer) take all responsibility for mortgage payments, property maintenance, upkeep, storm damage, etc.  We own the home, so we take care of the home and have all financial responsibility for the home. 

All this happens while the seller just sits back and receives income from the home.