The Experts In Real Estate And Mortgages

In order to be successful as an investor you need to have a lot of ways to buy the deals you will come across or create. I

n this market you will run out of money way before you run out of good deals.

You need to have several different ways to finance these purchases and to create a win win situation for your self, the seller and the future buyer.

Here are several investment and financing strategies:

1. Lease Options-lease with the option to buy at a later specified date and price-We will explore this powerful technique on the next post.

2. Assignments-you put a property under contract and include “and or assigns” so you can either flip the contract to another investor without closing

3. Simultaneous closing-you put a property under contract, find a buyer and sign a contract to sell to them. at closing the seller deeds the property to you and then you deed it to the new buyer.

The new buyers funds is put in escrow, pays you which pays your seller and the transaction is completed without you having to get financing.

4. Agreement for deed– basically you pay the seller in installments and title is transferred after all the payments have been made or you refinance it. Also known as a wrap around mortgage-we will explore this technique further in the next post

5. Finders fee– you do not close on the property you simply find them for other investors and they pay you a fee.

6. Hard money loan-no credit or income required loan. Usually 70 % of the after fixed up value so if property is selling for 70,000 but is worth $100,000 fixed up the lender  will lend you $70,000.

7. Single payment Note-a way to get 100% financing by have ing the seller hold a note for the balance of financing but there is no monthly payment just a future payment in full.

8. Subject to– buyer assumes the existing loans on the property and either pays the seller the difference owed or has the seller hold a note for the balance (can be combined with the single payment note (7) or a new second mortgage) for 100% financing.

You can also have the seller create a seller held mortgage to you and then he can sell it after closing to investors looking for income instruments. Usually have to discount the value of the note.

Sellers can sell properties much faster this way due to creating these “No Qualifying Mortgages” at the full asking price and then selling them off. This can be repeated over again on other bargain properties you can find.

Creative  financing provides flexibility and can make or break a deal so you need to have the knowledge of as many techniques as possible so that with the right knowledge you are prepared when the right deals come along.

Here are some sources of this knowledge that I highly reccomend you look into by reputable renown experts.

Learn how to buy Foreclosures.

The Ultimate Real Estate System-Become a real estate investor the right way– Learn how to buy with no money down, bad credit, create bulletproof contracts, lease options and a ton more. World renowned investor tells all.

Massive Profits In Foreclosure-Earn $10,000 in 30 days with Foreclosures, no money down

Fix your credit– Raise your credit scores and remove negative credit to qualify for the best interest rates

Free Nationwide Foreclosure Lists-Look for foreclosures in every state 

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