USE DISCOUNTED BONDS. This and the following three methods are further derivations based on seller financing. Using discounted bonds, the first of the three, is a relatively simple method, but it also has probably the greatest potential. Most likely, some collateral will usually be required whenever a seller helps finance a property. Usually, of course, [...]
TO BEGIN You should reread all of the other 16 methods presented in this text and make sure that you’re familiar with all 16 methods. the following text builds upon that material and also points to some governmental programs that are available in the United States which might well be used to help you make [...]
USE FEDERAL HOUSING AUTHORITY LOAN NO. 203 (B). As a professional investor in real estate, you may or may not be able to qualify for a government loan to help finance a property purchase. If you can qualify, of course, you’ll receive the advantages of low interest rates coupled with generally lenient terms and extended [...]
MAKE A LIFE INSURANCE POLICY LOAN. An amazing fact of modern life is that it is possible to borrow against a life insurance policy on fairly short notice in order to come up with additional cash. Things to note about this fact include: 1) the value of a whole life policy earns a very low [...]
BORROW THE AGENT’S REAL ESTATE COMMISSION. Many times when you see a property on the market that requires only a 10% down payment, that percentage has been designed to cover the seller’s closing costs as well as his real estate agent’s commission. Typically, that real estate sales commission runs from 5% to 7% of the [...]
USE RAISED RENTS AS SELLER’S PARTICIPATION REWARD. This is a slight variation on the previous method, in that your bargaining chips are derived from rents which, under your ownership, you can raise as soon as possible. In essence, you can offer some of this increased revenue to the seller as a fair reward for his [...]
