Pretty Houses Offer More Profit, Less Hassles And Less Competition. Therefore, your best bet when doing lease options is to deal with pretty houses in pretty neighborhoods that are owned by private individuals. The better the neighborhood is, the more likely your tenant/buyer is to … [Read more...]
Lease Options Give Up To 3 Paydays!
October 16, 2010 By Leave a Comment
When you Sub-Lease Option the property to a tenant/buyer, you can make money at three different times. You get money today, monthly payments coming in every month, and money at a future date when the tenant/buyer refinances. … [Read more...]
Agreement For Deed Pros & Cons
October 16, 2010 By Leave a Comment
As for the advantages of using Agreement For Deeds when buying, it is basically a seller held mortgage except that you get title later. Because it is seller financing, you don’t have to qualify like you would on a regular bank loan, nor would you have to put any money down if you found the right motivated seller. … [Read more...]
Agreement For Deed Basics
October 16, 2010 By Leave a Comment
The term “Agreement For Deed” is also known as a “Land Contract”, “Installment Sales Contract”, or a “Contract For Deed”. They are all basically the exact same thing, but for the purposes of this course, we’ll refer to it as an “Agreement For Deed”. An Agreement For Deed is basically seller financing where the seller gives … [Read more...]
Advantages And Disadvantages Of Buying “Subject To”
October 16, 2010 By Leave a Comment
Taking over property “Subject To” has several advantages that are especially nice if you are a beginner or have limited funds and/or limited credit. Mainly, you have the ability to own nice houses without having to come up with a large down payment or having to qualify for a loan, and the closing costs are minimal. You also have multiple exit strategies. For instance, you … [Read more...]
Buying A Property “Subject To” Basics
October 16, 2010 By Leave a Comment
“Subject To” means that you are taking title to a property without assuming the loan into your own name. In other words, you are taking title to the property “Subject To” the existing financing. This is also commonly referred to as “Getting The Deed”. … [Read more...]
Seller Financing, The Deal Is In The Terms
October 16, 2010 By 3 Comments
In Deal Quadrant 3, “Seller Financing”, the deal is in the finance terms. This is unlike in Deal Quadrant 1 (Wholesaling), and Deal Quadrant 2 (Retailing), where the deal is in getting a low price. It is important to understand that you don’t always have to … [Read more...]
