LIONS, HIPPOS, ELEPHANTS AND REAL ESTATE

What do lions, hippos and elephants have in common with real estate? Actually that is a trick question! The only thing in common is that I am a Life Long Real Estate Junky and by time you receive this post, I will be travelling in Botswana, Zambia, Zimbabwe and South Africa and will enjoy seeing […]

TEN SOURCES OF HIDDEN DOWN PAYMENTS

In a transaction involving a loan from a traditional Lender there are fairly strict rules about what is allowed for down payments.  But in transactions involving Creative Financing, anything of value to the Seller or anything that increases the Buyer’s equity in the property will make a safer transaction for the Seller.  Ten of my […]

CREATIVE COMBOS—COMBINING ASSUMPTIONS WITH SELLER FINANCING.

As discussed in earlier Blogs, two of the most important techniques in the Five Pillars of Creative Financing are Assumptions and Seller Financing.  And when used together they can provide some great results! First, Let’s Dispel the Myths: Too many folks are allowing transactions to DFT when the Buyer doesn’t qualify for a loan, rather […]

WOULD YOU EXCHANGE YOUR REAL ESTATE FOR UNSECURED, NON-INTEREST BEARING PROMISSORY NOTES?

I bet that a lot of you think that I have lost my mind by asking such a stupid question! But the truth is that this is what most Sellers want to do! Before you call the looney bin to have me admitted, take a minute and look closely at this photo of a $50 […]

TOYOTAS AND HOUSES

What, you may ask “do Toyotas have to do with houses”. Actually they have nothing in common, but the relationship between them is a graphic way of demonstrating the impact of value appreciation and price increases due to inflation. This analogy is one that I first heard from my friend David Campbell of Hassle Free […]

BUYERS REJOICE—THERE’S BLOOD IN THE STREETS!

As Baron Rothschild once observed, “The time to buy is when there is blood in the streets”.  To say there is blood in the streets may be a bit of an exaggeration in describing today’s housing market, but the recent release of the Case-Shiller Home Price Index report that nationwide home prices have hit a […]

NOW IS THE OPPORTUNITY OF A LIFETIME FOR BUYING REAL ESTATE!

I believe that now is the opportunity of a life time for buying real estate for three reasons: Most folks are very pessimistic about real estate right now and therefore it is a strong Buyers Market without a lot of competition.  Therefore properties can be purchased for significantly less than replacement cost! Interest rates are […]

THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!—PART 3

In Part 1 of  The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little or no equity that are subject to low interest loans that can be assumed, and offered the opinion that the risk of a Lender invoking the “Due on Sale” clause […]

THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!—PART 2

In Part 1 of The Easy Way to Get Low Down, Low Interest Loans, I explained that there are many homes today that have little equity that are subject to low interest loans that can be assumed.  Even though these loans will almost always have a “Due on Sale” clause, the risk of a Lender […]

THE EASY WAY TO GET LOW DOWN, LOW INTEREST LOANS!—PART 1

You may be surprised to learn that the Easy Way to Get Low Down, Low Interest Loans is not some new government subsidized program. In fact, there is nothing new about this time proven technique which was a major source of financing during the high interest rate era of the late 70s and early 80s. […]