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Real Estate Information |
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Investment Real Estate Done Right -- Your Quickest and Safest Path to Wealth
In investment real estate the quickest way to wealth is through owner financing, or lease optioning. So, let's take a look at one model transaction, involving the purchase and sale of two properties on lease-option contracts so you an apply it to your own investment real estate system. Assume you buy an investment property for $50,000 to $60,000, and you sell it on a lease-option contract for $80,000. You receive $4,000 as a down payment from the buyer, and you will get the remainder of the balance in 12 months. You've created a note for the remaining $76,000 that pays you $570 monthly (interest-only payments of 9%). This gives you nearly $7,000 more in interest payments, if you keep this property for a year. You then find a rehab property in an inexpensive neighborhood that you can get for $35,000. You offer a 10% down payment of $3,500, promising to pay of the loan in 13 months or less. Now, you can use the $4,000 from the first property, so you don't have to come up with your own money for the down payment on your second property. Offer to pay 8% on the remaining $31,500. This is a monthly payment of $231. Be sure your agreement allows you to defer your first payment for 30-60 days. Now, if you can't sell the house in 13 months (this certainly won't be a problem, though), you'll have the cash from the first house you bought, when the $76,000 balloon payment comes due in 12 months, so you won't lose anything or have to get your own financing, when you have to pay off your second home in 13 months. You see, you always cover yourself, when using this approach. If you purchase smart on this second house, you should be able to put a few thousand dollars into it and re-sell it in a few short months. Be sure you make a profit well above your $35,000 purchase price and anything you have put into it. Again, if you buy smart, after a few grand of rehabbing, you should be able to sell the property for $45,000 to $50,000. You wind up making roughly $30,000 to $35,000 in a year or less on the sale of your first two properties. This doesn't include the extra thousands of dollars in interest you've made on the payments you're collecting. Learn more about this strategy at www.winningthemortgagegame.com. Mark Barnes is the author of the new novel, The League, the first work of fiction, based on fantasy football. He is also an investment real estate and home loan finance expert. Learn more about this suspense thriller at http://www.sportsnovels.com. Get his free mortgage finance course at http://www.winningthemortgagegame.com
MORE RESOURCES: CIP Real Estate Secures $300M in Growth Capital GlobeSt.com Boston real estate tax gets closer to becoming reality Boston Herald Private equity bets on health care real estate Fox Business Real estate agents reveal the hottest markets for the next 10 years Business Insider Real estate firm hands out $10M in holiday bonuses The Columbian November 2019 Real Estate Transactions Cape Cod Today Black Woman Real Estate Developer Felt Unwelcome In the Community So She Built Her Own Black Enterprise Restaurants struggle to find good real estate Restaurant Business Online EU GDPR Violation: German Residential Real Estate Company Fined The National Law Review Ask a real estate pro: Do I have to take support animal off property when she’s just gotta go? Sun Sentinel Los Angeles Times printing plant sold to Atlas Capital Group Los Angeles Times Lachlan Murdoch buys 'Beverly Hillbillies' house for record price Los Angeles Times Recent Commercial Real Estate Transactions The New York Times Seattle DJC.com local business news and data - Real Estate - Kamiak now Kamiak Real Estate Partners Seattle Daily Journal of Commerce 5 Ways To Earn Money In Real Estate Without A License Black Enterprise Real estate’s nemesis may now be its best hope in Albany The Real Deal WHO'S NEWS: HelmsleySpear, LLC, has announced the appointment Afa J. Zada as Real Estate Agent and Licensed Salesperson. Real Estate Weekly Chuck Wimmer joins Property West real estate sales team The Havre Daily News Lovesac brings on new VP of real estate Furniture Today Fighting for height: Limits hamper real estate development WPXI Pittsburgh How San Jose plans to spend funds raised by its proposed real estate property tax - The Mercury News Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Dec. 6 The Vineyard Gazette - Martha's Vineyard News Long and Foster Real Estate names top agents CapeGazette.com Rochester lands on Realtor.com's top real estate markets for 2020 Rochester Business Journal City may partner with real estate company to help sell old Syracuse Developmental Center CNYcentral.com Real estate pro shares insights on West Ridge Mall foreclosure auction The Topeka Capital-Journal CA 'Beverly Hillbillies' mansion sold in $150 million historic real estate deal FOX 10 News Phoenix COMMUNITY ASSOCIATIONS INSTITUTE (CAI) DELIVERS WORLD-CLASS EDUCATION TO INTERNATIONAL REAL ESTATE PROFESSIONALS GlobeNewswire MFA signs 100000 s/f lease with Akerman Real Estate Weekly Related, Enel X install cityʼs largest battery storage system Real Estate Weekly The latest Coles County real estate transactions | Local Journal Gazette and Times-Courier The Silver Tsunami in Real Estate | Take Me Home | Bend The Source Weekly Real Estate Market Trends Flathead Beacon Real Estate Insider: Dino's, M-Brew restaurants in Ferndale for sale again for $3.45 million Crain's Detroit Business Real estate firm reimburses state $68,000 after overcharging the Department of Corrections for years Milwaukee Journal Sentinel These Realtors didn’t like their options for finding clients. So they built an app. Raleigh News & Observer Belize Real Estate Scam Defendant Denied Joint Defense Privilege Bloomberg Big Law Business Going Up? For These Real-Estate Agents, Not So Much The Wall Street Journal REAL ESTATE TRANSACTIONS: Dec. 2 – 6 Martha's Vineyard Times Know In Which Real Estate Market to Invest U.S. News & World Report Las Vegas, Dallas and Fort Collins, Colorado, Poised to Be Real Estate Hotbeds in Coming Years Mansion Global In a Sizzling Real Estate Market, City-Owned Storefronts Have Stood Vacant for Nearly Two Years Willamette Week The hatch has officially closed on Tucson's hottest real estate listing Arizona Daily Star Bitbond Leverages Digital Asset Experience to Expand into Real Estate in Partnership with KlickOwn Crowdfund Insider One Company Just Took Holiday Bonuses to the Next Level — And Gave Out $10 Million This Year - MONEY Christmas Pick: Schmitt Trading Below Cash And Real Estate, Plus The Business For Free Seeking Alpha What Is Passive Income in Real Estate? Motley Fool Luzerne County Council Approves 2020 Budget with Real Estate Tax Hike WNEP Scranton/Wilkes-Barre |
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