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Want To Buy Real Estate But Short On Cash?

Posted on September 10, 2010 at 11:02am 0 Comments 0 Likes

Contrary to what many people think, there are MANY ways to buy Real Estate without either having the cash necessary to buy or borrowing from the bank. In order to accomplish this type of purchase the buyer must think “Outside The Box”, or to use an overworked term employ Creative Real Estate Techniques. In most cases the motivation of the Owner/Seller will determine their being receptive to offers to purchase with little or no cash being part of the deal. As situations… Continue

Private Mortgages

Posted on September 10, 2010 at 10:28am 0 Comments 0 Likes

PRIVATE MORTGAGES: These are debt instruments that are created when a seller sells a real estate property to a buyer and finances the property for the buyer. Example: Mr. Jones sells a house to Mr. & Mrs. Smith for $100,000. Mr. Jones agrees to accept $10,000 cash as a down payment and to carry back a note or mortgage for $90,000 payable at $789.81 per month for thirty years.The debt instruments may be in many… Continue

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