ywxdwightl的部落格

Here's a really simple way... to buy real estate without
using your credit and with no money down. This technique
works even if you have horrible credit or no credit at all.
This method doesn't even require you to fill out the first
financial form. Plus you need very little to no money to
buy the property.

Does this all sound to good to be true$%:

Maybe so, but for some this is a reality buying properties
every single month without using any of their own credit and
without even talking to the first bank!

What's the method I'm referring to$%:

It's often referred to as buying properties "subject to" or
getting the deed. What this means is that an investor is
buying the property subject to the existing mortgage. In
other words, investors all around the country are buying
properties by acquiring properties by obtaining a deed while
leaving the mortgage in the seller's name.

Instead of having the daunting task of finding a bank that
will loan you money to a buy a property, you get the deed to
the property while leaving the existing loan in the seller's
name.

And for many sellers, they're willing to deed their property
to you just to get rid of their problem real estate. As a
result you have the ultimate leverage by owning a property
with no money tied up into the deal that you can resell for
profit.

When you buy properties using the subject to method there
are three major profit centers for when you sell. When you
sell you'll be offering flexible terms or owner financing to
a tenant buyer. And because you're offering flexible
financing, you can ask top dollar for your property. You're
looking for the tenant buyer that can establish or
re-establish their credit so that they can eventually buy
your property outright. Usually within a 24 month period.

1. The Down Payment. When offering owner financing, you'll
ask for a percentage of the total price as a down payment
before you're buyer is able to move in. Down payments can be
anywhere from 5% and up to 20% depending on your area and
your local market conditions.

2. The Spread. The spread is the monthly payment your
tenant buyer will pay you less the amount you pay for on the
existing mortgage payments. For example, let's say that
you've bought a property with a payment of $750 per month
and when you sell you offer it to your tenant buyer at $925
per month. The spread would be the $175.

3. The Backend. Remember you still have backend when a
tenant buyer decides to obtain financing in their own name.
In other words, they'll obtain financing, paying off the
underlying loan and you'll pocket the difference of what you
sold it for less the amount owed on the underlying mortgage.

Finally, what's great is that if the tenant buyer decides
not to obtain financing in their own name, you've got the
ability to re-sell the property creating even more potential
profit from simply repeating the process. So, don't fret
about it if they move out and move on. Rejoice, because you
can sell to someone else.