Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Investment Real Estate Secret: Buy a House Today, With No Money Down


If you've read my article "Purchasing Property With No Money Down. . ." today's article may seem a bit conflicting. Bear with me, though, and you'll see that it is not. In Purchasing Property With No Money Down. . ., I explain how buying up property at inflated values at a break-neck pace is no way to be successful in real estate. I explain how this is a form of investment real estate finance that is possible but not advisable. In this piece, I'd like to express that buying property with no money out of your pocket can actually happen and can be a great technique, if it's done properly.

Let's suppose you find a house that you're interested in purchasing as investment real estate. The owner, who also uses the real estate as investment property wants to get out quickly. This is a perfect opportunity for you to get the house with no money down. Note, look for ads that say seller financing or motivated seller to find these types of deals.

In lieu of conventional bank financing, you may offer the seller his exact sales price, if he agrees to finance the sale for you. Before going this route, ask him if he's willing to take a considerable amount less than his asking price; if he's motivated, he'll likely say yes, assuming he's going to get a bank check. Now, you come in with much more money, but you ask him to finance the loan.

Here's where salesmanship is critical. Offer him a deal that he can't pass. If he's selling for $100,000 but was willing to take $88,000, you'll give him his entire asking price of $100,000 with very special terms. Although you amortize the loan over 30 years, you promise him that you'll pay him off in three years or less. Meanwhile, you'll pay him interest only payments on the note at 8 or 9 percent. Explain to him how he'll make all of this money on top of the $100,000, because you're not paying down the note with your monthly installments. Because you're giving him such a great deal, you will not pay him anything as a down payment.

Now, you may be thinking this doesn't look like a good deal for you. Here's how you make it a terrific deal. The second you close the deal with the seller, you stick a for sale sign in the yard, announcing that the "Owner will finance." Now, you sell the house for $110,000. You take a $5,000 down payment, and you take interest-only payments on $105,000 at 8 or 9 percent interest. You are making more than you have to pay the seller, plus you have the $5,000 in your pocket. This is truly a sweet, No Money Down investment real estate deal.

NOTE: if the seller insists on a down payment, you offer him the $5,000 you plan to collect from your buyer. Be sure to get him to allow you to defer the down payment for three months. This gives you time to sell, collect the 5k and pass it along to him. This isn't as sweet as pocketing the $5,000 yourself, but it's still a no money down deal.

Mark Barnes is the author of the new novel, The League, a shocking, sports-related conspiracy. Learn more about his suspense thriller at http://www.sportsnovels.com. He is also an investment real estate and home loan finance expert. Get his free mortgage finance course at http://www.winningthemortgagegame.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

3 Commercial Real Estate Trends To Watch In 2018
Forbes
If the underlying pace of inflation accelerates, as it unexpectedly did in December, rate hikes seem more likely. But if inflation continues to be as sluggish as it has been for most of the year, it may become harder for the Fed to justify additional ...

and more »


Forbes

In Real Estate It Is Location, In Healthcare It Is Compliance
Forbes
Paul Martyn , Contributor I write about the supply chain industry. Opinions expressed by Forbes Contributors are their own. Shutterstock. Pointing out that hospital supply chain management (SCM) practice has left a lot to be desired is about as ...



Bloomberg

East Europe Real Estate Stays Hot at Pre-Crisis Growth Pace
Bloomberg
Prices across the region have surged as money pours into real estate at a rate unseen since 2007, before the global financial crisis led to recessions across the continent. Real-estate investment last year was probably close to the 2016 level of 12.2 ...

and more »


Made a real estate deal? Tell us about it
Crain's Detroit Business (blog)
For my new weekly Real Estate Insider email newsletter — which you get with a Crain's Enhanced Membership — we are creating a weekly roundup of submitted commercial real estate deals. The purpose is to add value that you won't be able to get ...



247Sports

Emmitt Smith joins new real estate venture
247Sports
Emmitt Smith has found success in a variety of arenas since retiring as the NFL's all-time leading rusher and one of the greatest Dallas Cowboys to ever wear the star. He has covered the NFL as a broadcaster. He's dipped his toe into other, more ...
Emmitt Smith is back in the real estate business with new Dallas firmDallas News

all 2 news articles »


Page Six

Former Ataris bassist charged with running $27M real estate scam
Page Six
Michael Davenport, the former bassist for the pop-punk band The Ataris, has been charged with conspiracy to commit mail and wire fraud, five counts of wire fraud, and one count of mail fraud. The indictment against Davenport, 49, and a woman named ...
Ex-bassist for The Ataris was allegedly running quite the real estate scamAV Club

all 4 news articles »


Forbes

Real Estate Investment Trusts, Publicly Traded Partnerships And The 20% Business Deduction
Forbes
Real Estate Investment Trusts (REIT) and Publicly Traded Partnerships (PTP) get special treatment in the Tax Cuts And Jobs Act (TCJA)- Sorry I just can't call it tax reform. Maybe tax deform, but that sounds silly. TCJA repealed Section 199, a kind of ...



New York Times

House Hunting in … Germany
New York Times
There are signs, however, that the real estate market in Germany is starting to slow, said Michael Voigtlander, an analyst with the Cologne Institute for Economic Research. After years of rising prices, he said, “down payments as well as transaction ...



Nasdaq

China blue-chips ease as consumer, real estate firms take breather; Hong Kong down
Reuters
SHANGHAI, Jan 17 (Reuters) - China's blue-chips fell on Wednesday morning as investors pocketed gains in consumer and real estate firms. ** China does not need to raise benchmark interest rates in the near-term as market rates and corporate borrowing ...
China stocks end mixed as consumer, real estate firms take breatherNasdaq

all 7 news articles »


Travel Weekly

MGM real estate spinoff wants to buy Caesars real estate company
Las Vegas Sun
MGM Growth and VICI are REITS, or real estate investment trusts. In both cases, the REITS own the land and properties of the resorts and lease it back to the companies that operate the hotels and casinos. MGM Growth today issued a statement saying it ...
MGM real estate company submits offer for Caesars propertiesTravel Weekly

all 61 news articles »

Google News

home | site map
© 2006 TIGER MEDIA