About Us
Meet Bo Washington, a seasoned entrepreneur, Certified Cash Flow Specialist in Real Estate Notes, and a versatile professional with over two decades of experience in the dynamic realm of IT Solutions. Transitioning from a successful career in technology, Bo has honed his skills as a business consultant, dedicating his expertise to address the funding challenges faced by business owners.
About Our Company
With an impressive background spanning 20 years in IT Solutions, Bo brings a wealth of knowledge and practical experience to the forefront of financial and marketing matters. Recognized as the go-to expert for overcoming financial challenges, he stands as a beacon of support for business professionals seeking effective solutions. Bo is committed to leveraging his extensive resources, keen insights, and hands-on experience to empower you on your journey to success
Washington Kapital’s Mission
At Washington Kapital, our mission is to empower note holders, ensuring they receive the maximum value for their real estate and business notes. We are dedicated to assisting businesses of all sizes in realizing their dreams by providing the essential funding required for success and growth. Our commitment extends beyond conventional boundaries, as we strive to support even those business owners with less-than-perfect credit scores, facilitating rapid access to the funding they need. Washington Kapital is not just a financial resource; we are your trusted partner in turning aspirations into achievements, fostering a dynamic and inclusive business landscape.
Vision
To be the most trusted and relied upon resource for your funding needs. At Washington Kapital, our vision is to revolutionize the financial landscape, where note holders seamlessly receive top dollar for their real estate and business notes. We envision businesses of all sizes not just achieving, but surpassing their dreams by swiftly securing the essential funding necessary for unparalleled success and sustainable growth. In our foresight, we are dedicated to breaking down barriers, particularly for business owners with less-than-perfect credit scores, ensuring they swiftly access the funding they need. Washington Kapital aspires to be the catalyst for a transformative journey, where financial empowerment becomes synonymous with realizing and exceeding every business aspiration.
Johnny was a little worried
His credit score wasn’t the best, and he didn’t know if he was eligible for the funding that Washington wanted to help him get. But he decided to take a chance and call the number on the pamphlet. After explaining his situation, a consultant from Washington took him through the entire process, and by the time he hung up, Johnny knew he had found his new business partner.
Within a few short weeks, Johnny had secured the funding he needed and was ready to start up his business. He and his new partner were confident that with Washington’s help, they would be able to grow their business and finally achieve their dreams. (Example Only).
FAQ
Frequently Asked Questions
What is a current mortgage note?
In seller financing scenarios, where the seller acts as the lender and the buyer makes payments directly to the seller, the term “current mortgage note” is indeed used to describe a situation where the borrower (buyer) is making timely and up-to-date payments according to the terms outlined in the seller-financed mortgage note.
In this context, “current” signifies that the borrower is fulfilling their payment obligations as scheduled, and there are no delinquencies. The term helps to distinguish between a situation where payments are being made on time and one where there might be missed or late payments.
Should i offer owner financing?
The decision to offer owner financing in a real estate transaction depends on various factors, including your financial situation, risk tolerance, and goals. Here are some considerations to help you decide whether to offer owner financing:
- Financial Situation:
- Do you have the financial capacity to wait for the full purchase price over time rather than receiving a lump sum upfront?
- Are you in need of immediate cash, or can you afford to receive payments over an extended period?
- Risk Tolerance:
- Offering owner financing involves some level of risk, as there is a chance that the buyer may default on payments.
- Consider whether you are comfortable taking on this risk or if you prefer a more traditional sale with a lump sum payment.
- Market Conditions:
- Evaluate the local real estate market conditions. In a buyer’s market, offering owner financing might attract more potential buyers, as it provides an alternative financing option.
- Buyer Pool:
- Assess whether there is a demand for seller-financed properties in your area. Some buyers may prefer owner financing if they have difficulty qualifying for traditional mortgages.
- Negotiation Leverage:
- Offering owner financing can be a negotiation tool. It may make your property more attractive to buyers who cannot secure traditional financing.
- Legal and Regulatory Considerations:
- Familiarize yourself with the legal and regulatory aspects of owner financing in your jurisdiction. There may be specific rules and regulations governing seller financing.
- Terms and Conditions:
- Clearly define the terms of the owner financing arrangement, including interest rates, repayment schedule, and any other relevant conditions. Consult with legal professionals to draft a comprehensive and legally binding agreement.
- Exit Strategy:
- Consider your exit strategy. If you need liquidity in the future, can you sell the note to another investor or financial institution?
Before making a decision, it’s advisable to consult with real estate professionals, legal advisors, and financial experts to ensure that owner financing aligns with your goals and is implemented in a way that protects your interests.