Buy a Minnesota Contract for deed home if denied by banks for self-employed or have a big settlement
Buy a Minnesota Contract for Deed Home if denied by banks for self-employed or have a big settlement
Many times a contract for deed buyer is a motivated Minnesota home seller
Because of damaged credit, hard to prove income, or is always denied by banks. Often the equity from selling their Minnesota home is the source of their down payment for a contract for deed.
Often those same problems exist even if you aren’t already an existing Minnesota homeowner, but have always dreamed of being one.
Your next 72 hours is going to be a very exciting time for you. This is when you are going to build the momentum with an pre-approval which allows you to buy negotiate price and term offers on Minnesota contract for deed homes.
A Minnesota contract for deed is a form of seller owner financing, so the good news is that you won’t need to use a bank at all upfront for qualifying.
Let’s go over the top reasons that someone like you, decides to purchase on a Minnesota contract for deed:
You’ve been Denied for ‘hard to verify’ Self-employed income
You’ve been Denied for Written-off taxable income
You’ve been denied because it’s hard to prove your cash income source
You’ve been Denied for having less than 2 years at the same job
You’ve been denied for bad credit in the past
You’ve been denied for a past bankruptcy
You’ve been denied for a past foreclosure
You’ve been denied for a past short sale
You’ve been denied for a past loan modification
You are currently behind on your home payments
You are currently in foreclosure
You’ve been Denied for a past eviction U/D
You’ve been Denied on a background check
You’ve been Denied for a bank loan
You’ve been Denied for too high of a Debt-to-income ratio
You’ve been Denied as a renter for smoking
You’ve been Denied as a renter for refusing to separate from your dog(s) or cat(s)
You’ve been denied on a background check
You’ve been denied for a past eviction or U/D
You can still buy a Minnesota contract for deed when having the above issues, but we must get specific on the approval within 72 hours so that we know you are ready to negotiate price and term offers on Minnesota contract for deed homes in person this week or next week.
With our exclusive investor Minnesota contract for deed program, 1000’s of the homes on and off the market locally are a possibility to see by appointment next week or even sooner, but only if you can get your approval completed with us in the next 72 hours without delay so you are mentally prepared to negotiate price and term offers.
Here’s how you will qualify:
The investor will want to do a full income verification by seeing your bank statements and pay stubs, and drivers license or ID.
The investor will want to understand your major bills for your debt-to-income ratio so that he knows you can afford the monthly payments
Your bank statements or 401k, will also show proof of funds for the 10%+ down payment which is your earnest money, and a little left over for reserves in one account knowing that your Minnesota home will have repair costs, unlike renting.
Your proof of funds of a down payment may come from the equity in the house that you are selling.
This program is exclusively limited to the 7 county area within the twin cities area here in Minnesota
Minnesota contract for deed home qualifying to purchase math:
You may be wondering…
how much of a down payment is needed upfront to buy a Minnesota contract for deed or a payment calculator?
To qualify you need a 10%+ down payment with a little extra $ in reserves.
If you buy a $250,000 home you will need $25,000 as the down payment
If you buy a $300,000 home you will need $30,000 as the down payment
If you buy a $400,000 home you will need $40,000 as the down payment
And of course remember to have a little extra money in your account for reserves for repairs and an emergency fund.
Other experienced Minnesota contract for deed sellers would charge you 20% to 30% upfront as a down payment and can get it, so you would be paying $60,000 to $120,000 upfront with other sellers, so the amount we are charging upfront of 10%+ is very easy.
So please don’t contact us with only $10,000 to $20,000 upfront because we have enough contract for deed buyers who are motivated with more money upfront than that.
There will be a small markup in price so that the investor can make a profit
The Interest rate is competitive for seller financing (we do NOT charge high interest rates like some of the competition)
(There is a great opportunity for you to refinance your Minnesota contract for deed home in the future at a lower interest rate to save money on interest)
Minnesota Contract for Deed qualifying to purchase
A job and income source is required
You can’t be layed off or unemployed
Don’t try to do this process all by yourself…
Most home sellers with listings won’t offer seller financing or even know what it is, local statutes, or how the forms work, so you WILL waste hours, weeks and even months in some cases, trying to educate a seller on what a Minnesota contract for deed is, just to end up hearing the word ‘no’ over and over.
How is this amazing rare opportunity even possible for you today?
Our investor associate has access to a lot of credit and money to finance through a proven successful business model with a great relationship through a local Minnesota bank, so he can sell these mn homes to you on a win-win program for your benefit.
Why you should choose a Minnesota contract for deed home purchase instead of: a rent to own, lease option or renting
You want a Minnesota contract for deed to buy over a lease option, if you have the down payment money upfront, because you’ll have a higher level of ownership in the home vs. a lease option
You want a Minnesota contract for deed over a lease option, if you have the money upfront because will be much easier to get a refinance with a Minnesota contract for deed vs. a new purchase with a lease option
When Renting, you don’t build any equity the money all goes to the landlord
When renting, you have to deal with short leases, a landlord that often doesn’t fix the home, and a landlord who could sell the home at anytime, forcing you to move often.
Let’s review who is NOT a good fit and Will NOT qualify for the Minnesota contract for deed program today?
Those NOT ready to provide your information to be approved in the next 72 hours are NOT a good fit
Those who are NOT decisive
Those who DO NOT take action
Those who DO NOT follow up
Those who DO NOT easily answer their phone or reply back within 24 hours
Remember if you don’t focus upfront on working hard to provide your paperwork for an approval in the next 72 hours we will assume you aren’t motivated to negotiate offers based on price and terms and you’ll lose your place in line with the investor and we will work with a more serious motivated Minnesota contract due deed home buyer that just called in recently.
If you don’t communicate your intentions clearly upfront you are not a good fit
Those who aren’t open to their expectations being unrealistic on Minnesota home price
Anyone who has less than 10% down Is not a good fit for this program
If you don’t have a job or a verifiable income source you will NOT qualify
If you are unemployed or laid off you will NOT qualify
Those with very limited income, for example, only $1000 a month disability income, WIll NOT qualify for today’s home prices
Outside the 7 county twin cities area is outside our focus area of purchase
Before you contact me please be prepared to text, reply, talk by phone, follow up, and put in the effort of getting approved within 72 hours with pay stubs, bank statements and knowing some of your major bills so that you can lock-in an approval to negotiate price and term offers for this exclusive Minnesota contract for deed program and secure your place in line for an appointment to start negotiating offers on price and terms on Minnesota homes.
If you want to look at homes 30-90 days from now come back when you are ready to be get approved in the next 72 hours over the phone and through email so that we can go negotiate price and terms on Minnesota contract for deed homes.
This program is really designed for owner occupants, so investors will be directed towards a different strategy.
We have enough people interested and approved already to keep the CD investor busy that we need to focus only on those MN CD buyers ready to be approved in the next 72 hours so that you can negotiate price and term offers on Minnesota contract for deed owner financing homes with no bank qualifying for you.
Please text me
Real Estate Investor