"I believe in the imagination. What I cannot see is infinitely more important than what I can see."Duane Michals
|
| |
Denver Real Estate Remains The Most Commonly Searched City!
According to data from Yahoo.com, "Denver Real Estate" was the second most commonly searched real estate term in the month of October, 2005 (second only to "Florida real estate"). When you factor in that "Florida real estate" covers the entire state, and ...
Real Estate Counsel on Taxation Matters
By IndiaRealEstate * The income from various sources like Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital earnings and Income from Other Sources are originally ascertained and then amassed as entire income which ...
Using Real Estate Web Feeds For House-Hunting
Web feeds, or RSS, has exploded in popularity over the last few years. It's a powerful marketing tool that will have a major affect on real estate marketing. Millions of people use web feeds every day. Most users view feeds through Newsreaders, but many ...
|
|
|
| |
Turn the Television on any Sunday morning and you'll find yourself in the middle of a “how to buy real estate” infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate. Of course the answer is “yes” and “no”. The real question is, are you willing to pay anywhere from $500 to $5000 for the information, classes and hotline? Most important are you self disciplined enough to follow the program.
Before you spend money on these expensive programs, here are my top ten “no money down” ways to buy real estate. If you're self disciplined and willing to hear the word “no” many times before you get a “yes”, then maybe you can buy a house without a down payment.
1. First is to check out the many new zero down programs now available from lenders. Especially if you're a fist time buyer. Also FHA and VA have loans that may not be zero down, but are very close.
2. Borrow money for the down payment – Borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold
3. Raise the price and lower the terms – Offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking $150,000 with $15,000 down and willing to carry the balance of $135,000. Try offering $155,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk.
4. Borrow against a life insurance policy – Many life insurance policy's let you borrow against the policy for the purpose of investing in real estate or other investments.
5. Use other property as collateral – Create a note on existing property that you or a partner own and use it as the down payment for the property you are buying.
6. Home equity loan – Home equity loans are generally easy to qualify for as long as there is adequate equity in the property.
7. Seller refinance – Have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller's equity.
8. Find an investor – There are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell.
9. Lease with option to purchase – Lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option.
10. Give them something they need – If the seller is planning to purchase something in the future that you own or can buy, use it as a trade. This can be anything such as furniture, boat or motor home.
Richard Massey is a note broker with United Financial Resources and a real estate investor. You can get more information at http://www.unitedfinancialresources.com or to read more articles go to http://unitedfinancialresources.com/news.html
|
|
|
|
|
|
 Omens of the coming Real Estate Bubble? - Political Gateway
Florida Dec 28th (Political Gateway) - Back in May of this year (2005) I wrote a column about the housing bubble. My prediction was ‘after the new bankruptcy laws go into effect, it will start to burst.’ Was I right? First let me say, I am a Real ...
Real Estate - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
The Connecticut Chapter of the Appraisal Institute presents ... - MSN MoneyCentral
OYSTER BAY, N.Y. , Nov. 13 /PRNewswire/ -- Realizing the importance of keeping its members up-to-date on new valuation techniques to measure value in the current economic environment, the Connecticut Chapter of the Appraisal Institute will hold ...
MMM Launches Commercial Real Estate Debt Management Practice ... - Market Wire
ATLANTA, GA--(Marketwire - November 13, 2008) - The credit crisis that is dramatically affecting the commercial real estate industry is the impetus for a new practice group at Morris, Manning & Martin, LLP . The Atlanta-based law firm is launching a ...
Canadian Real Estate Investment Trust Announces November 2008 ... - Market Wire
TORONTO, ONTARIO--(Marketwire - Nov. 13, 2008) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its November 2008 monthly distribution in the amount of 11.33 cents per unit (C$1.36 annualized). The November distribution ...
|
