Sometimes the best way to get what you want with real estate is to go in through the back door. That’s what I did yesterday when I signed a 5-year lease for a 2 bedroom 2 bath house in Panama. I’ve been trying to buy this house for several years but the owner has not […]
Now, more than ever, there is a great opportunity to buy houses subject to the mortgage (with a little twist). It is harder for sellers to sell their house to a buyer who gets new financing so sellers are more open to “creative” ways to get their houses sold fast. But you should not buy Subject-To the mortgage... here's why...
There are many ways to buy houses without going to the bank to get financing. Many sellers will be glad to get your offer to buy their house subject to the mortgage or with seller financing... you just need to ASK! See this example to learn how to get $1000 per month in cash flow with a $40,000 pay day later.
There's an art to creative dealmaking. Anyone can learn the craft. The Art of the Deal home study course, like all of Jack Miller's training materials, is filled with creative ideas to put deals together and make money with real estate. The more you read about and study creative deal making, the more you will learn how to do the same. See an example with the Equity Stretcher story....
A few years ago my 27 year old daughter closed on a deal and she made a total profit of $16,833. She didn’t have a penny in the deal and she did not go to the bank to get financing. No credit report was every asked for or presented. Here’s how she did it . . . and HOW YOU CAN TOO:
Where does it say that a lender is entitled to interest payments? Brokers are quick to point out that the internal revenue code will impute interest to transactions where no interest is specified. This has nothing to do with the fact that nobody is required to charge interest on a loan. As a matter of fact, the vast majority of money in America is loaned out at zero interest!
AUDIO: Peter Fortunato discusses why real estate investing is ALIVE and well during this weekly training call at CashFlowDepot.com Listen the the 1 hour audio below to learn:
• Why real estate investing is very alive and well – despite hedge funds
• What to say to get motivated sellers leads from people you don’t even know
• How to get sellers to agree to seller finance with great terms
• How you can pay retail and still get great cash flow
• Why you can make better deals with caring than you can with dollars
• and much more
Vacant houses are usually the best deals. They are obviously a house that no one is living in and a house that someone would probably like to get rid of especially if they are making payments on it. To make a deal you have to find the owner. Here are some tips (and a story)for finding the owner of a vacant house.
PLAY DUMB! No matter how the other guy explains what he wants out of the deal, just don't catch on. A real exercise in ego suppression - and one of the most valuable of all skills - is to be able to drop 60 points off your I.Q. and just say 'I don't get it.' 'How could that be?' 'Why are you charging me all that money when you said you only wanted $100,000.?' 'Explain it to me again.'
Let's give our opponent every aspect of power. He's knowledgeable, motivated, can prove everything he says, is energetic, resourceful, creative, courageous and ethical. What can we do? The opposite. We can be listless, dull, ignorant, unimaginative, unschooled, afraid and fearful, and exhibit a desperate craftiness. A strange thing then happens. Our opponent becomes benevolent. He shows us things about our position and alternatives. He helps us to understand the scope and advantages of any options we might have. He helps us to make a better deal.