Credit Crunch Hits Real Estate Investors with Hammer Blows
Jun 25, 2009 Real Estate Investments
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Are you frustrated with all the red tape Banks are now requiring. Are you having difficulties getting a bank to to even look at your application for a Real Estate Investment? Do these excessive Bank loan requirements make you cringe and want to just give your Real estate Investment Career up and go get a JOB again? Sine the Credit Melt Down, Times have gotten tough for anyone wanting to get a loan from the bank. But there is good news. You don’t have to put up with this anymore. Hope is on the horizon. Change comes in form of a new strategy that was designed for this market. But you do need to be willing to change strategies if you want to to not just survive in this economy but thrive beyond your expectations.
Although there are Dozens of Real Estate Investing Techniques and Strategies, most of the real estate Investors out there really focus on one or more basic money making strategies. Any of these are focused on answering one or many of the following fundamental business questions: - Who and what kind of property (or seller) will you focus on? - How will you be able to buy these properties (and from these Sellers)? - How will you fund the transaction? - How will you dispose the property (or rent it)? These four critical results areas are the ones you must decide on before getting into any deal in order to make this business of real estate investing profitable.
There are four main strategies the vast majority of investors use. Is yours here?
Fix and Flip Houses Selling with Lease Option and buying Subject to Buying ugly or pretty houses and selling them wholesale to other investors Short Sales and Bank Owned properties (often combined with the one other method)
All of these money making strategies have worked well for years and made many an investor rich. Unfortunately, in today’s market they all have a significant weakness. Gone are the liar Loans. Sub-prime Loans have gone away. No job, no problem; no money, no problem remember those days? Well they are extinct. These loans may have helped enrich many sellers, but the buyers that got stuck with these loans have fallen pretty hard.
FHA Assistance Programs are still there, but they aren’t easy to get. Now the buyers must meet ratios. Plus even here investors are subject to massive Lender Requirements. Even Loans to Well established Real Estate Investors (Investor Loans) are hard to come by. What you usually hear from a bank is You want to do what? We don’t do this anymore? And the ones you do fine are very expensive. So what should an Investor Like You Do? Its time to adjust course and look what is working in this market and then take this new and different strategy.
- A strategy designed and created just for this credit crunch we are experiencing. - A strategy that does not rely on banks so it works . - A strategy that takes less work and makes more money by not using banks and still buying and selling real estate. Many investors in over 107 different markets across the country are currently using this Unique Strategy created by Master Investor Richard Roop. Right now, In this environment we are in the key to a successful strategy is to target houses with high equity. Richard calls them Free and Clear, but on some of the the homes it is possible that a small mortgage balance exists. This is fine and the method works on these just as well as on truly free and clear houses. What you do is you offer the seller their market price, but you insist on your terms. They get out of the deal what they want, you get the terms such that seller becomes the bank and you get the terms you want to make this deals work in a massive way. once you have such a deal done, you can hen sell the house on a wraparound mortgage, using lease option contract or just rent it for cash flow. The beauty is, the way Richard Roop teaches you to put these deals together you’re able to pull cash out of the transaction on the day you buy it. and the Cash is Tax Free. Yes, you heard correctly, you don’t even to dispose or sell the property to collect money and make it cash flow. And there are no banks in the picture! How cool is this?
Once you have understood and tested this strategy, the world never look the same. As a matter of fact this is so powerful that the worse Main Street and Wall Street are doing, the real estate entrepreneurs who employ The Ultimate Strategy are doing. To get more details and free articles and videos on Richard Roop and his “Free and Clear Cash Machine” please proceed to click on the link below at the end of this article.
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Tags: business, business;finance, Cash Flow Machine, Education, f, finance investment property, free and clear houses, free and clear investing, INVESTING, jack bosch, Real Estate, real estate investing, Real Estate Investments, real;estate, richard roop, Seller Financing, training
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