How To Get The Money
Jun 30, 2009 Real Estate Properties
What does the Investor Do with the money? Q: If an investor gets a private money loan, how does he use it and is it safe? A: Like in any business professional Real estate investors have a need to finance new real estate purchases, get money to repair, maintain and lease up their properties. It also can be used to cover other costs associated with purchasing or selling homes. For properties which the investor already owns and manages, there are occasions when an investor may have the need to change equity into liquidity - cash without having to sell the property. This cash can be used to buy another house, fund operations pay off other real estate loans that come due or deal with unexpected cash needs.
Why private money? Q: Why don’t you borrow from banks? A: The problem Banks and other lenders present is that they require detailed applications, bureaucratic approval processes and they must follow guidelines imposed on the banking industry. Then there are self imposed (and FHA imposed) limits to the number of loans they are willing to make to any one company or investor at the same time (currently 10 per investor). On top of that, the duration of their approval process is never certain and can take weeks or months. As Investors following the High Equity Deal Program generated by Richard Roop for example, we can move much quicker without these limitations by using private funding sources like private lenders. That allows us as investors to negotiate deals faster and more profitable while offering sellers a fast and easy sale without the red tape from banks .
Why are the returns so attractive! Q: How can the investor be able to pay double or triple CD rates? A: Investors make profits by providing services to the different parties involved in a real estate transaction, sellers, buyers, renters and private lenders we work with. They cut out the middlemen, and therefore avoid the costs normally associated with real estate commissions, property management fees, mortgage broker fees, loan application fees. Investors are also knowledgeable in how to get full value (appraised value) from buyers without having to make price concessions. They can get a house filled up (sold or rented) fast and avoid large holding costs and they know how to repair and keep properties in good condition for less money then most people pay. They always make purchase offers such so that all parties including buyers and sellers get a great deal. At the same time they realize a minimum profit of $20,000 or $30,000 between the time the house is bought and sold down the road. They just wont buy a home until and unless it makes economic sense for all parties involved.
Help for buyers and Sellers Q: How do you help Owners/seller? A: A lot of sellers today are facing problems finding a buyer when they decide to sell their house. And there are typically a lot of inconveniences and problems a seller must face and get through in order to get their home sold. Using a long-term investing vision, like it is promoted by Richard Roop, we can offer these frustrated and motivated sellers an attractive selling price, we can close the transaction or take possession of the home whenever the sellers want us to and give them an opportunity to avoid all the issues of selling a home.
Q: How do investors like Richard Roop help buyers? A: Investors in High Equity Properties like Richard Roop, offer several programs and opportunities for buyers. This includes offering seller (owner) financing, a down payment assistance program and a program where the buyer can build up sweat equity over time. Buyers today have more and more problems qualify for loans than ever. The Investors programs help buyers get into the house they want quickly allowing them to start building wealth for the future and helping them avoid wasting their money on rent.
Q: How do you assist renters? A: Renters in today’s world face tougher and tougher application requirements by landlords and property managers. We as Richard Roop style investors have positioned ourselves to be flexible and creative in getting reliable folks into our houses at reasonable prices, thereby providing a much needed service. Contrary to others we can even lease to people who recently had a foreclosure or a bankruptcy.
Tags: "mortgage, business, finance, free and clear, INVESTING, Owner Financing, Real Estate, real estate funding, real estate investing, Real Estate Properties, Rental Houses, richard roop, Seller Financing
How to Create a Cash Flow Machine ” Part 1
Jun 24, 2009 Real Estate Properties
We all have heard about and are living through the biggest Downturn in US Real Estate Values since the 1930s. This has created a lot of challenges for Real Estate Investors but it also has create some incredible opportunities if you’re willing to make a few adjustment in the type of Real Estate Deals you pursue.
The majority of investors are stuck in their ways of doing business that worked last year, but today the world is different.
The key today is to look for Proven methods for collecting big checks as a Real Estate Entrepreneur while looking at the tighter financial markets which make getting loans for YOU as well as for the people you SELL to more difficult.
And one of the ways you can successfully leverage this exact scenario of a Market Flooded with Properties, Very little Credit is investing in “Free & Clear” Properties with “Owner Financing”
Free & Clear Owner Financing One of the easiest and safest ways to create a quick and profitable Real Estate business throwing off enough cash each month for you and your family to have some options in life is to target and buy free and clear houses… or properties with lots of equity. I call this “The Ultimate Strategy” for buying and selling real estate because:
- It works on Real Estate in any price range including low end, rental markets, bread butter homes, executive homes and even high end luxury homes
- It works in any market condition including slow markets, normal markets, hot markets, post-hot markets, uncertain markets and especially in today’s ’skittish’ market climate.
- It works in any market climate including slow markets, normal markets, hot markets, post-hot markets, uncertain markets and especially in today’s ’skittish’ market climate.
By targeting free and clear houses you can structure offers with owner financing that allow you to collect extra cash on the day you buy, reliable cash flow each month and huge backend paydays for cash later.
Do you think this sounds too good to be true?
Sound too good to be true?
You’ll never try it unless you believe it work for you. Register right Below HERE and learn exactly how many people have done this and how you can also do this.
Here’s some proof to get you excited…
- How Mark from Virginia netted an extra $10,000 in cash at closing buying a $165,000 house with no money down, creating 0% financing with the seller for 7 years at $400 a month.
- How Mike from Washington collected an extra $25,000 in cash at closing when he bought a $120,000 house no money down, creating 0% seller financing at $500 a month for 8 1/2 years.
- How Denise and Mark from California bought a newly remodeled $400,000 house which can rent at $1,800 for just $290,000 with no money down, creating 0% financing with the seller at $800 a month for 10 years.
- How Brenda from Ohio netted an extra $10,000 in cash at closing when she bought a $180,000 house with no money down, getting 0% seller financing for 6 years at $360 a month.
- How Marc from Minnesota buys a free and clear house each month and how he recently collected $50,000 in extra cash buying a $240,000 house for $212,000 with 6 years of 0% seller financing at $1,000 a month.
- How Rob from Oregon created $15,000 in extra cash and a positive cash flow of $1,200 a month buying two houses in just a few minutes with no money down funded with owner financing requiring no interest and no payments for 6 years.
The bottom line… Regardless of what investing models you’re using today, you’ll enjoy more consistent success and be able to generate more immediate cash profits by targeting houses with more and more equity.
Tags: "mortgage, b, business, business;finance, f, finance, free and clear, home based business, i, INVESTING, m, Owner Financing, r, Real Estate, real estate funding, real estate investing, Real Estate Properties, real;estate, Rental Houses, richard roop, Seller Financing