The American Education Institute

OPPORTUNITIES WITH BANK FORECLOSURES The example that follows actually illustrates a combination of two creative financing techniques which can sometimes put cash in the buyer’s pocket at closing.  The first technique (described elsewhere in this text) consists of buying bank-foreclosed properties (called REOs  or  “Real Estate owned”)  at a discount and the second technique is [...]

TO BEGIN How is it possible to come away from a real estate closing with more money in your pocket than you went in with?  Similarly, how can you buy a property for cash — if that is the only way an owner will sell it — if you don’t have any cash?  how is [...]