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11-28-2007, 07:31 PM #1
Fixer Upper
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Creative Financing
Most people think there is only one way for the average person to finance a real estate purchase—that is, go to an institutional lender, like a bank, mortgage company, or savings and loan, and obtain a mortgage. If that were the only way to buy real estate, it would be very difficult to make money as a real estate investor. Fortunately, it's not the only way!
To be successful as an investor, you must think creatively and consider the wide range of possibilities that are open to you, such as borrowing money for a down payment from the real estate broker or agent who is helping to arrange your purchase (yes, you really can do that), or using the equity in property you already own as collateral against a loan that you'll use to make a down payment.
The fact is that there are far more creative techniques than there are conventional techniques for financing a real estate purchase. However, to make use of them you have to know what information to look for and what to do with the information when you find it. In short, you have to know how to develop your own technique.
Getting Started
Benefit of Investing in Real Estate
Real Estate Financial Benefits
Real Estate Personal Benefits
Real Estate Income Tax Benefits
Real Estate Perspective
Outline
Expanding Investment Opportunity
SUCCEEDING INVESTOR
REAL ESTATE GOALS
Real Estate Financing
Creative Financing
Creative Financing 1
Creative Financing 2
Creative Financing 3
Pre-Foreclosure
Foreclosure Financing
Short Sale
Short Sale Work
Link ExchangeLast edited by z9402305245; 01-01-2008 at 05:18 PM. Reason: URL already in Signature
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12-09-2007, 04:21 PM #2
Fixer Upper
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Great post!!! It took me a while to figure this out when I first started.
PRIVATE MONEY AVAILABLE!!!
* 100% Funding (Purchase, Closing Costs, Construction, Interest, Points)
* No Monthly Payments
[SIZE=1]* Loans up to 73% LTV of the
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12-22-2007, 01:00 AM #3
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What ways can you work out a situation with the broker?
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12-22-2007, 05:38 AM #4
Mansion
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With a borker, not much. He wants to be paid so it's him or nothing.
Originally Posted by BRITT REED
But with the owner, sky's the limit...
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12-22-2007, 05:11 PM #5
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Thats not true, you may be able to get a privately owned broker or agent to take their commission in payments. It is a monthly cashflow. You just have to try by asking.
Nicadema Directory is a large human edited directory. Nicadema indexes faster than DMOZ.
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12-22-2007, 09:47 PM #6
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Have you done this before? Originally Posted by cgmaker
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12-23-2007, 05:47 AM #7
Mansion
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Did you find any so far? Originally Posted by cgmaker
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12-23-2007, 07:05 AM #8
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Yes I have done it before. I even had the agent loan me the money for a moving truck.
Nicadema Directory is a large human edited directory. Nicadema indexes faster than DMOZ.
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12-23-2007, 11:59 AM #9
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For real? LOL You just asked? Originally Posted by cgmaker
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12-23-2007, 12:05 PM #10
Fixer Upper
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Yes. I wouldnt go in there clueless though if I were you. Be knowledgable about creative financing techniques first.
Nicadema Directory is a large human edited directory. Nicadema indexes faster than DMOZ.
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