Also known as ‘seller-financing’, this approach is a powerful tool that often yields higher profits for homeowners. Additionally, in many scenarios, it can substantially reduce tax liabilities, making it a financially savvy choice.
DISCLAIMER: We are not providing you with legal or tax advice. Please seek legal & tax advice from your lawyer & CPA before deciding what is best for you and your situation.
Typically, you get a higher sales price when you sell on terms versus an outright cash deal.
Mailbox money…right to your mailbox. You just collect a check.
Unlike a rental property, here, you don’t have to deal with tenants or leaky toilets. That is all the Buyer’s responsibility.
The property is the collateral for the loan. If the Buyer defaults on payments, you have the ability to foreclose. This is an excellent form of security for your investment, typically only found in real estate.
If you made a profit on the sale of an investment property, you may have a capital gain exposure PLUS depreciation recapture tax. This can eat into your profits significantly. Please seek counsel from your CPA on what tax benefits are available to you.
We have formulated a list of frequently asked questions so you can read through them. If your question is not listed, please feel free to call us at 919-355-0336, and we will try to answer any and all questions you may have.
We use company liquidity and on occasion outside funding. The purchase, from your perspective, will always be a cash transaction, so you don’t have to worry about us not qualifying for a mortgage.
Mike Buys Houses NC is a real estate investment company. We purchase primarily off market, direct from seller properties. One or more of our members is a licensed real estate broker in NC. We do not enter into any representation agreements and solely act as the direct purchaser.
We purchase all kinds of residential real estate, ranging from single family homes to multi-family apartment buildings. We will buy your property as-is, and often times, the home or building is in significant disrepair. We will still give you an all cash offer on your property, regardless of the age or condition. Visit our Request An Offer page to get the process started, or simply drop us a line on our Contact Us page if you want to tell us about your property to see if it may qualify.
We purchase off market real estate direct from seller. We typically purchase at a discount due to situation or house condition and make it simple for a seller to sell off market with an all cash buyer. Once under contract, we most frequently disposition the property in 1 of 3 ways:
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