In a transaction involving a loan from a traditional Lender there are fairly strict rules about what is allowed for down payments. But in transactions involving Creative Financing, anything of value to the Seller or anything that increases the Buyer’s equity in the property will make a safer transaction for the Seller. Ten of my […]
WOULD YOU EXCHANGE YOUR REAL ESTATE FOR UNSECURED, NON-INTEREST BEARING PROMISSORY NOTES?
June 19, 2011 By
I bet that a lot of you think that I have lost my mind by asking such a stupid question! But the truth is that this is what most Sellers want to do! Before you call the looney bin to have me admitted, take a minute and look closely this photo of a a $50 […]
THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!—PART 3
May 14, 2011 By
In Part 1 of The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little or no equity that are subject to low interest loans that can be assumed, and offered the opinion that the risk of a Lender invoking the “Due on Sale” clause […]
THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!—PART 2
May 7, 2011 By
In Part 1 of The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little equity that are subject to low interest loans that can be assumed. Even though these loans will almost always have a “Due on Sale” clause, the risk of a Lender […]
WHY LOW PURCHASE PRICES ARE HIGHLY OVERRATED!
April 25, 2011 By
Today, Buyers love to talk about the low price that they got on the purchase of a property at foreclosure, or at a short sale. Unfortunately, many Buyers bragging about the low price of their purchase would have done much better if they had focused on what is important! Interestingly, many claims of low prices […]
FRESH STRAWBERRIES—ONLY 5 CENTS A QUART!
April 10, 2011 By
Wouldn’t you love to buy fresh strawberries at only 5 cents a quart? Who wouldn’t? But of course you can’t. In fact, you couldn’t even buy them at that price during World War II, when 5 cents a quart was the official price controlled by the government. And of course, that is the point, and […]