Real estate guru Carlton Sheets issued a release praising the effectiveness of creative financing strategies and urging the government to expand incentives for home buyers.

He explains:

“Real estate investors are using creative financing principles like never before to purchase real estate. However, those who attempt to use private or hard-money lenders are finding those avenues to be costly options in the current financial climate. “Conventional financing and private money sources are difficult for investors to access in this market,” Carleton affirms. “I encourage the government to provide incentives for investors to not only rehab foreclosed property but, more importantly, for lenders to develop financing programs tailored toward investors’ needs. Under current market conditions, creative financing is the single most effective means of funding any real estate transaction. But, the government needs to work toward giving investors a myriad of tools to use in putting together real estate deals.“

If investors like Sheets have their way, perhaps Congress will pass the current $15,000 tax credit proposed by House Republicans. Although the $7,500 credit is appealing to first-time buyers, many believe that a $15,000 housing credit for any purchaser would be an effective way to jump-start the economy.

See Also:

Revival of the $15,000 Home Buyer Tax Credit?

Tags | $15000 tax credit, creative financing, first time homebuyer tax credit, home buyer tax credit, Making Home Affordable