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 [...]
BUY BY DEFERRING SOME PORTION OF THE PURCHASE PRICE Sometimes, in some highly, competitive areas of the country, prevailing prices and rents for real estate are such that it might seem impossible to break even or achieve a positive cash flow. But this problem can be overcome sometimes by negotiating no-or low-interest financing on the [...]
ENTER A PURCHASE OR LAND CONTRACT AGREEMENT TO BUY PROPERTY. What this boils down to is an installment agreement similar to the types of installment financing you might use in buying most any valuable item at retail. It is fairly common in some states, but almost completely unknown in others. It is commonly called a [...]
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 [...]
