Property Investing Secrets 3
Property Investing Secrets: When you Make Property Easy to Buy for People Using Vendor Finance It Is Easy To Sell
When property investing, my goal is to make it easy for people to buy my properties, that's why I offer vendor finance. You have the advantage when you buy properties from sellers when property investing. I always think: "Why do I want to go a get a bank loan when this seller already has a loan? Why don't I just take control of their loan if the seller is open to me making payments on their mortgage?" You'd be surprised how easy this is and how simple the paperwork system is. And once that's complete, you vendor finance the property to a new buyer.
Let's imagine that the seller has agreed to this arrangement and moved. You look after the mortgage on their house, you've got no bank liability, you've got no loans and yet you start creating assets and any future capital gain and profits. In many areas you have sellers who are unable to make their mortgage payments that they have liability on and this is a very simple way that you both benefit when property investing. Your exit strategy is to vendor finance this property to a new buyer and receive positive cash flow on the deal.
When you're property investing the time is right to buy on terms because sellers are very flexible. It's not the price under which you buy the property; it's the terms because if you get the terms then you don't have to qualify for a bank loan. In a hot market, sellers are not as negotiable on terms, but in a cooling or down market, you can do absolutely all sorts of things with terms.
You'll find as I have done when property investing that if a seller is motivated to sell and you offer a solution to solve their problem (an unsold property) and it works for the seller and you then it's a good deal for every one. In order for the investor to make payments to the seller, they'll need to vendor finance the same property to new buyers.
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.
Related Articles:
Logistics Property & Site Selection Forum 2008 Proudly Announces that Wagner Industries, Saddle Creek, and Evans Join the eyefortransport Networking S
Three key 3PLs, Wagner Industires, Saddle Creek and Evans Distribution have confirmed to join the speaker panel at the Logistics Property & Site Selection Forum at the Hyatt Regency Miami Hotel on January 29th and 30th, 2008.
France's Little Secret: Property in Lot-et-Garonne
In the corner of South West France, is a secret spot known as Lot-et-Garonne The area is a little-known gem just beneath the picturesque region of the Dordogne
Playa del Carmen Condo Rentals
Staying in a condo rental just may save you money! For those of us that have families, we know how important it is to save money on a family vacation. The conveniences of staying in a Playa del Carmen condo rental outweigh, any day, the conveniences of staying in a hotel. For instance, most condo rentals have full kitchens where you can make meals for the entire family instead of eating out in an expensive restaurant nightly. A condominium gives you the luxury of home with plenty of space, just like home. No hotel will give you these kind of accommodations.
PropertyShark.com Releases First Quarter 2008 Multifamily Investment Property Report; Transactions Plummet in New York City, Los Angeles, and San Fran
Key high Level Findings include number of multifamily sales declined sharply compared to the first quarter of 2007 for San Francisco, New York City, and Los Angeles; median sale price drops for multifamily properties in San Francisco and Los Angeles, but stays steady in New York City; the median price per square foot for multifamily properties continued its downward trend compared to the first quarter of 2007 in San Francisco, New York City, and Los Angeles.
Over 100,000 UK Investors have bought property in Dubai since 2002
The economic boom that is taking place in the United Arab Emirates since 2002 has been particularly evident in the Dubai property market, with over 100,000 British people investing there in the past four years, reports claim.
Property in Northern Spain
If you're looking for the 'real' Spain where the culture, customs and the traditional Spanish lifestyle have been preserved - a Spain long ago lost and forgotten along the Costa del Sol - consider Northern Spain.Northern Spain has always been a popular holiday destination for southern Spanish tourists, but until relatively recently it was largely unexplored and undiscovered by foreign tourists and those expatriates seeking a new home overseas.
Obelisk International Says Kavarna is The New Property Investment Area in Bulgaria
Kavarna is creating a new wave of interest for Property in Bulgaria state Obelisk, with Kavarna Bay in particular being developed with exclusivity and high quality in mind.
Buy to Let Property Investment
In recent years buy to let has been a popular way of investing in residential property. Stock markets are out of favour with many investors who have seen the values of their portfolios, endowment policies and pension funds shrink, whereas property has generally continued to rise in value.
The Hoffman Group, Myrtle Beachs Premier Real Estate Oceanfront Property Specialists, Again Ranks No. 1 in Condominium Sales
In addition, The Hoffman Group again ranked #2 in total sales for the entire Myrtle Beach area.
Dubai Property Investment
Dubai Property InvestmentIf you are looking to make some real estate investments you might want to look into purchasing Dubai property. If you aren't familiar with Dubai or Dubai property you may be interested to know that Dubai is one of seven emirates that make up the United Arab Emirates, also known as the Persian Gulf. Dubai property is a huge industry as people from all over the world rush to cash in on the ongoing property boom. The Dubai government has made Dubai property one of it's priorities in an attempt to provide housing, hotels, and business buildings to current and incoming residents. The area attracts many because it is beautiful, and the people that are cashing in on the Dubai property boom are not just from the Middle ...