|Real Estate Information|
Property Investing Secrets 1
When property investing, pay the seller their asking price but negotiate the terms under which you can buy property. You'd be absolutely surprised when property investing at how many sellers will help fund you into their property. Basically, you're receiving vendor finance from the seller.
Let's take an example of a $300,000 house. The seller wants $300,000 for their property. When property investing what most people will do is they'll negotiate all day long to get the price down from $300,000 to $270,000. Then when buyers have negotiated to get the house for $270,000 they'll get a bank loan and have the liability of a loan. They'll get a 30 year loan and after about 5 years of making payments they will probably owe about $260,000. Instead I'd like you to consider a different strategy when buying: get the seller to vendor finance you into their home.
You can say to the seller, "Listen Mr. Seller, I know you really want your $300,000 but let me do this: why don't you let me make payments on your existing mortgage and in return I'll give you the $300,000 you want and I'll just pay you direct." When property investing, I've always found that if you say to a seller, "I'll give you your asking price of $300,000 if you let me make your payments on the property." You will be surprised how many sellers will let you pay them direct if you're not trying to negotiate them down on the price. This is one of my favorite ways to control property.
Now I know that if I'm paying a seller direct at $300,000 at $2,000 a month, in 5 years time I've only got a balance of $180,000 that I still owe the seller. So when the seller says to me, "I will do this but you've got to pay me off in 60 months." That's okay with me because I didn't have to qualify for a bank loan. When property investing can you see how getting finance from the vendor can be beneficial for both parties?
When property investing and getting vendor finance from the seller, you as the buyer may pay a little bit more for the house but by making payments direct you will owe the seller $180,000 in 5 years time instead of $260,000. You've made a profit of $80,000 with out qualifying for a bank loan.
Rick Otton is the director of We Buy Houses Pty Ltd. He has been property investing full time for 14 years. Rick has completed over 351 property transactions in Australia and the United States.
Rick specialises in creating positive cash flow through a variety of strategies he perfected in the United States and adapted to Australian conditions. He sells home study courses on vendor finance, one year mentoring program as well as a yearly 3 day boot camp on the Gold Coast. Go to http://www.rickotton.com for more property investing information ring 1800 003 588 in Australia.
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Buying Property in Bulgaria : How to Avoid Making A Bad Investment
Where is it possible to buy a property on your credit card? Bulgaria, of course! With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! Searching the Internet, dozens of articles and property websites boast about the 100% capital growth that can be achieved on Bulgarian property investments in the space of 12 months.For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true! The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers.
Home Inspectors: 5 Tips to Choosing the Right One
Choosing the wrong Home Inspector can cost you a lot more than the fee you paid. If you choose a home inspector solely on price alone, your headed down a dangerous highway.
Avoiding A Bad Investment Is Easier Than You Might Think
Human nature being what it is, none of us can get serious about the idea of buying a house without experiencing at least a few small twinges of worry. What we fear, of course, is making a mistake.
Ten Creative Financing Techniques
Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once.
Directionals Move Properties
One of the most effective and frequently overlooked methods of filling or selling a property is the use of directional arrow signs. I'm guilty of it myself, although usually I'm merely lazy instead of overlooking this great marketing technique.
An Overview of Easements
Title insurance is generally associated with insuring a purchaser's or lender's interest in a particular piece of real estate. The right to use an easement is often considered less important than unencumbered title of the insured parcel.
Content Ideas for Ads and Brochures When Selling Your Home
Even in this hot real estate market, selling your home requires a bit of marketing effort. Ads and brochures are important and powerful tools.
Real Estate Problem Solver
IntroductionThere are many areas one can invest in. Since I was 15 years old I have looked for the fastest, most effective way to accumulate a lot of wealth, with the least amount of risk.
Investing In Real Estate Investors
With the never-ending changes in our Real Estate Markets real estate professionals are starting to pay attention to the sound of new commission streams of income. Some realtors have either shied away or ran-away from such terms as "Cap Rate," & "Cash-on-Cash Returns.
Home Staging: How to Make Your Tract Home Stand Out in the Crowd
Home sellers who wish to market their property in development neighborhoods face tough challenges. All the houses look similar.
Real Estate Inspection - Do Your Own
Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case.
Lake Property in Danbury
A lakeside vacation or second home can be a quiet and relaxing place to escape to, or simply a good investment in your financial future. Whether you enjoy the outdoor activities and recreation provided by one of Connecticut's beautiful lakes, or you just want a place to get away from it all, there is a lakeside home for you in Danbury.
How to Price Your Property?
A house properly priced is half sold. But there are plenty of ways to price it improperly.
Santa Visits a Just-Moved Newcomer in South Florida
Twas the night before Christmas and all through the houseNot a creature was stirring, just the Mac and the mouse,When all of a sudden a wail filled the airAs the burglar alarm detected a hair.I ran to the keypad, pushed down on the codeHoping neighborly tempers would not explode.
Should You Sell Before the Housing Bubble Pops
For the past several years housing prices have risen dramatically. With interest rates continuously moving up, and more and more people being priced out of the market, all signs point to an imminent housing market correction.
Realtors: Forget Your Address?
It's a large real estate agency, and the company depends on a steady stream of leads. The website is classy, with delightful graphic elements and layout.
Researching Property for Real Estate Investing
Much is being said lately about investments. There are many investments that one could make: stocks, notes, gold, retirement plans, etc.
How to Use the Internet to Help Your Apartment or House Hunting
So you are looking for an apartment to rent or a house to purchase. One of the most important steps is researching the neighborhood to decide if you really like to live in that area.
What are the Elements in Real Estate?
Each element has a specific color associated with it. Because color (light) vibrates and is such a high frequency, it immediately lifts the "energy vibration" in our listings.
Fixing Houses: Mixing Your Own Paint for Savings and Harmony
To make the maximum profit on your investment properties, you'll need to save money wherever you can. One way to save significant amounts of money is to mix your own paint.
|home | site map|
|© 2006 TIGER MEDIA|