Fractional Financing Or How To Live A Champagne Lifestyle On A Beer Budget

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Topics: Financing

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:

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4 Best Ways To Find Seller Financing Opportunities And Avoid Dodd- Frank Rules

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Topics: Financing
Buying and Selling with Seller Financing

When you buy real estate with Seller Financing you don’t need much cash, you don’t need bank loans, and you don’t need private lenders.  Most sellers who sell with seller financing will not even ask about your credit.   Read this article to learn how to find seller financing opportunities....

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Negotiating Zero Interest Financing

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Topics: Deal Stories, Financing

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!

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Wrap-around Mortgages And A.i.t.d.s

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Topics: Deal Stories, Financing

A form of Mortgage or Trust Deed which acts like the Contract-for-Deed described above is the Wrap-Around Mortgage, (or All Inclusive Trust Deed – A.I.T.D.).  In effect, these instruments are used to insulate the Buyer from the original loan terms and liabilities while providing the seller a way to stretch out taxes on gain and other tax advantages on mortgaged property.  Both mortgages and deeds of trust can be ’wrapped’ by additional liens.

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Buy 550 Houses In One Year – Then What?

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Topics: Asset Protection, Deal Stories, Financing

Let me tell you about one of the most successful real estate wheeler/dealers I ever met. He bought over 550 houses in a single year by finding people who were relocating. He sought out those who had homes with loans equal to approximately 60% of value. He also tried to locate owners of free and clear building lots of equivalent equity value. He would offer the home owner one of the lots free and clear in return for the owner's equity. And he'd offer the lot owner a 2nd mortgage at low interest rates and low payments in return for the lot.

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Avoiding Credit Traps, Tricks, And Travesties

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Topics: Deal Stories, Financing

A lender's fantasy is to have thousands of borrowers, up to their ears in debt, who transfer a major portion of their earnings to him each month in the form of interest and charges. On the other hand, this scenario can be a borrower's worst nightmare. Indiscriminate use of credit has brought even the biggest real estate moguls low. Between them, Bill Zeckendorf, Donald Trump, and Bill Levitt lost $billions because of debt. Using credit can become a habit that's very hard to kick.

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Nothing Down, Nothing A Month

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Topics: Financing

Borrowing at zero interest rates from motivated sellers, then paying off the loan with monthly payments can work miracles in terms of rapid loan amortization when dealing with free and clear properties. Unfortunately, most of the time, the houses you buy will already have existing loans on them. As a result, even with zero interest rate seller financing, the buyer will wind up with a blended interest rate which will combine the original interest rate with the zero interest rate to create an average weighted according to the respective loan values.

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