USE SECURITY DEPOSITS, RENTS, AND TAX CREDITS DUE AT CLOSING. Whenever you close on any property, there are always computations to be figured to assure that, for example, what ever real estate taxes are owed by the seller get paid by the seller and not by you. On the seller’s side, of course, these computations [...]
REPOSITION A PRIVATE MORTGAGE FROM FIRST TO SECOND LEVEL Suppose you find a seller with property for sale for $60,000, having a $30,000 first mortgage which was taken out through a private lender. In this case you would approach that private lender and ask if there might be a way to move that first mortgage [...]
SUPPLY WHAT THE SELLER REALLY NEEDS This is one of many variations on the previous method. Sometimes there’s a particular reason why a seller might become anxious to sell. Sometimes he or she is merely interested in something else besides real estate or in making a profit or in taking away cash from a property [...]
TO BEGIN ADVANCED 100% FINANCING METHODS Please reread the previous text dealing with creative financing, leverage, OPM, and ROI. Note again that those creative sources for financing. You’ll need to retain that knowledge as you study the new and different methods for 100% financing which are explained in the following text presentation. Bear in mind [...]
MAKE CAPITAL FOR DOWN PAYMENTS THROUGH LOANS AND OTHER RESOURCES. This last creative financing method harkens back to the earlier text on how to build good credit. You might want to reread it now in light of a these creative solutions as o how you can acquire investment property by putting down none, or very [...]
