Our Unique Home Ownership Program
Specifically tailored for families and individuals seeking to fulfill their own American Dream of Home Ownership ~ but who may not qualify for traditional institutional financing ~ we are able to offer Owner Financing through private investment.
ther problem is financing for the couples that want to buy these homes. Many of the couples just are not able to get financing.
How We Help Home Ownership
We have the houses and are using private investors to create financing. We pay interest to the private investors and use the funds to put first mortgages on the property. The investor is in first position and we are in second. We collect all payments at Amarillo Property Management, Inc. including the tax and insurance. We make payments to the investor and he gets paid off in the first ten years. We keep the remainder of the mortgage.
This has worked very well. The buyer is able to get financing from us. Many times this is the only way these couples are able to buy a house. The investor receives an excellent yield on his investment. It is secured by the property, the buyer and by us.
It works well for us. We have the property and need buyers. We get the best prices because we give owner financing and our costs are very low since we do the paperwork.
WIN! WIN! WIN!
This is a win for the buyer, they own their own home.
This is a win for the investor, they get a secured return on investment.
This is a win for us, we continue to make a profit so we can help others.