Is this a realistic business idea?

I want to start a creative soultions consulting business that matches buyers with sellers who are having trouble selling. I want to focus on high priced houses. I need to know some ways I could help them with the financing. So far I have that a note could be sold for the down payment and one held by the seller. I want to make a living off this, charging an agreed upon fee that I would build into a note. I need more creative financing ideas, opinions, comments, critisim, and anything I need to research more. I am trying to make a profit but I am not trying to get every penny. I think this would be rewarding. So anything constructive you have to say I would be greatfull for. Thanks in advance for your responce!

My thinking is that real estate agents normally dont try to use creative financing. This is just the start of my work in progress. I dont need a liscense or anything, I have been in contact with a local real estate agent.

I hate to break this to you, but lots of real estate agents are also in the loan broker business. Yes, the other posters here are correct in thinking that you'd need licenses for both in most states.

Those of us that aren't in the financing business (I tend to see it as a potential conflict of interest, myself) have networks of people, including money folks, and the only forms of creative financing we won't use are the ones that get you free room and board at government expense.

(After 21 years in the Navy, I've had my fill of institutional food.)

Every so often, someone comes up with a new way of finding money for real estate. Most of them turn out to be some form of scam or loan fraud, but occasionally someone comes up with something that is both ethical and legal, and it catches on.

(When it's unethical but legal, the laws usually catch up pretty quickly. We agents have the single largest lobbying group in the country, and we take a dim view of folks that won't do business honestly.)

Bottom line. While what you are considering has already been done, nothing says you can't bring your own energy and drive to the business and be successful.

But there are no quick riches available. Be prepared for hard work, long hours and your first six months to a year with no income whatsoever, while you're establishing your business.

How are you going address competition with Realtors who match buyers and sellers all the time? And they frequently write real estate contracts which is what you are really suggesting doing yourself.

Depending on your state you may need either a real estate license and or a mortgage broker license.

Also this assumes that the seller is a willing to hold the note, and owns the property free and clear, otherwise they would have what is known as a wrap around mortgage. A wrap around mortgage would result in the seller's mortgage company calling the sellers mortgage, in full, immediately.

I suggest that you work as a mortgage originator first, and garner the experience you will need to cultivate high net worth clients you desire.

I don't know if you're going to have much luck with this idea. Why would a seller agree to let you bring a buyer if they know you are only bringing them people who want to exploit their difficulty? And, I'm reasonably sure that you do need a Brokers license (not just a Real Estate license) , and probably a mortgage brokers license as well, no matter how you receive payment.

Realtors don't offer the creative financing but trust me, they want the sale. The position you are describing to me sounds like a combination Mortgage Broker/Realtor. Depending on your state you are probably going to need to be licensed as both to offer this type of service.

Good luck!