Creative Financing
–Wholesaling in IRA
Can you do a wholesale deal in the name of your IRA yes you can! All you need to do is to get a Salem purchase agreement and instead of your name or your corporation’s name or your llc’s name you going to put it in the name of your self-directed IRA. Think of the […]
Future Discounting
Future discounting is a strategy that we use in real estate investing. Let’s say that we have a sandwich lease option, where we’re leasing from a seller with an option to buy. We have two more years on a lease and the option before it expires or needs to be extended. And let’s say that […]
No Equity Deals
No equity deals means that if you sell the property, you can’t afford to pay the agent commission and the closing costs. How can you have no equity? Well if you bought an FHA loan and you rolled the closing costs into the mortgage, and the seller contributed some way to closing, you may have […]
– Negotiating the Deal for a Sandwich
Negotiating the Deal for a Sandwich A sandwich is a sandwich lease option or a sandwich land contract. You’re acting as a middleman. So here’s an example. Let’s say the property is worth $100,000. Market rent is $1,000 a month. When you do the sandwich, you have to negotiate a sales price less than $100,000 […]
Legal Issue – Equitable Interest and Lease Options
I want to talk a little bit about Equitable interest and lease options. Equitable interest is illegal term and it means that you got a legal homeownership right in that house, Equitable interest in the property. There’s been some lease with option teachers and trainers talking about having a tenant and a lease pay for […]
