Are you having a difficult time of getting an investor loan for your house purchases? Does the increased requirements of loans got you down? Times are very different that what they were before the credit melt down. There is hope, though. But its time to adopt a new and different strategy. If you adjust your strategy you may not only find that you can overcome the limitations of what you have been doing, but it may lead you to rewards beyond your expectations.
All real estate entrepreneurs, whether they know it or not, employ one or more basic money making strategies. A strategy answers the following fundamental business questions: – Who will you market to and how? – How will you buy from them? – How will you fund the transaction? – How will you sell or occupy the property? These are the four critical results areas that you must be an expert at in order to make this business of real estate investing profitable.
In the Real Estate Investment World there are 4 main strategies the overwhelming majority of investors use. Is yours here?
Ugly House (Fix and Flip) Buying subject To and selling with Lease Option Wholesale (buying ugly or pretty houses and selling them wholesale) Pre-foreclosure and REO (Short Sales and Bank Owned properties)
All of the mentioned strategies and many other “niche” strategies have worked well for years and even decades and made investor wealthy all over the world. But what many investors are realizing the hard way today is that in today’s market they all have a crucial weakness. Many of them relied on increasing prices and readily available mortgages (for them or when they sold). But Gone are the Liar Loans. No more Sub-prime Mortgages anywhere. the No-Documentation loans, remember those days? Gone. This availability of financing may have helped enrich many sellers, but the buyers that got stuck with these loans have fallen pretty hard. And the lack of it is now putting the Investors out of business.
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.
|
|