When you learn how to buy houses with creative financing you will be able to do more deals and make more money. What is creative financing? It is when you buy houses without using bank financing or private lenders. Creative financing requires very little cash to buy houses. Creative financing could be buying a house […]
Instead of selling a house for cash or to a buyer who gets a new loan, it can be more profitable to sell with seller financing that wraps an underlying loan. Read this lesson to learn how it works and the benefits.
Over time you'll find it much more profitable to stop applying for conventional institutional loans. You'll go a lot farther, faster if you try to borrow from private investors who understand your problems rather than from banks and mortgage companies. This might require a shift in your thinking. Read this article to learn about private party financing...
There's a major difference between sharing EQUITY with another person and sharing APPRECIATION via financing. The LENDER stands outside all the problems and liabilities of fee title ownership with clear rights to the first profits OFF THE TOP. Learn how to structure a Shared Appreciate Transaction....
Learn creative ways that you can use other people's credit to acquire more real estate. You do not need to borrow money from banks to buy houses.
OPM -- Other People's Money -- is the magical ingredient that builds fortunes out of dreams! The mistake most people make is to equate OPM with Debt. That represents a failure of the imagination. OPM can take on many forms. It can be EQUITY in the deal. It can be an Option. It can be a Management Contract. It can be Partnership Interests or Stock. It can be Inventory or personal property, or even toys.
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.
When two unrelated owners wish to join together in the ownership of a property without there being any implied or ostensible partnership, a mortgage is an excellent way to arrange this, and to divide both title interests and profits.
John was broke! He'd been wiped out in a collapsed speculation on land that had left him little other than an appetite for good living and a creative imagination. He was smart and willing to do just about- anything except hold a regular job. He retained his lavish life style replete with a fine home on the water, an airplane, a sailing sloop, an island hideaway -and even regular access to one dining and liquor at a popular restaurant. He did this by selling fractional portions of each and retaining an interest for himself. Here's how he did it:
"Creative Financing" is a phrase that describes terms that aren't available from institutional financing. By definition then, except for deals made between professionals, creative financing depends upon financing provided by a motivated seller.