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A stock investing gadfly on a dinosaurs' butt!
Have you ever noticed how some words in the English language are so perfectly named for what they describe? And how some words seem to be, I guess you could say, backwards? For instance, the word sunflower! How wonderfully aptly named is the...
Creative Real Estate Investing Techniques
With a job that paid $3.40 an hour, I saved $5,000. I used $3,500 of it to buy my first piece of real estate - 2 acres near where I lived. As you can guess, this was many years ago. A few hours removing brush, and it was ready to sell. I...
How To Start Investing For Financial Independence, Part 1.
Today, I am going to start a multi-part series about how to go from being a beginning investor to being “financially independent” in a steady and predictable way. At our website, we get tons of e-mails about how do I start, how do I start with...
Property Investing Is Now Easier Than Ever!
I started investing in property in 1996 with only £500 and now I own a property portfolio of 150 properties worth over £10m. I can already hear you – “it was easier back then!” Ironically it wasn’t.
Let me explain a little more. The buy to...
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Property Investing: How to Get Maximum Retail Price in a Falling Market with Vendor Financing
In a falling market, many vendors have been conditioned to lower their price if their property is not selling. That's because they don't know about vendor financing.
If a vendor offers financing to a new buyer, it's called vendor financing. By offering financing, a seller can receive top retail price from their buyer.
Here's how it works, the seller can instruct their agent that they're willing to finance the buyer into all or part of their property. Perhaps, the new buyer will receive 10% vendor financing from the seller, get a bank loan for the remaining 80% and put in 10% themselves.
The seller will not negoiate on price, because they are offering "terms" such as financing to the buyer. The buyer is receiving financing from the vendor as well as the bank.
In this arrangement, the seller benefits because they receive the price they want in exchange they offer vendor financing to the new buyer.
The
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buyer benefits because they may not have the necessary deposit saved, but they have the income to make monthly payments to the seller, as well as pay their mortgage to the bank.
If the vendor is willing to take delayed gratification, which means they won't receive all fo their money upfront, instead they may receive their money in payments for 1, 3 or 5 years- depending on how they structure the transaction-it's very fluid.
You can use this strategy when you sell through a real estate agent or when you sell it without an agent.
If you market your property this way, you'll find that buyers will prefer to purchase your property than the one down the street, because your property comes with finanicng and they can leverage their deposit.
About the Author
http://www.rickotton.com offers information for property investing, vendor finance, real estate investment and sandwich leasing
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