Mortgage Out to Get Paid for Creative Financing
Low down payments is one of the best type of creative financing. So what, you ask, is the BEST type of creative
financing? It is Mortgaging Out where you:
* Are paid to take out a loan to buy income-producing property.
* Pay off your loan with income from the property you bought with the loan money.
* Receive tax-free cash at the closing to use for whatever purpose you choose- If would be wise to use your
mortgaging-out cash to buy more income property! So you really can't beat Mortgaging Out as a way to real
estate wealth.
Yes, mortgaging out can be your way to real estate riches. But to mortgage out you must plan each step of the
way. You must:
* Pick property that has a market value higher than the purchase price.
* Arrange for secondary financing that's based on the market value, not the selling price.
* Have good legal advice from a competent attorney every step of your way.
* Be completely honest in all your dealings with lenders.
* Give accurate, checkable facts on every loan application you fill out.
* Work your numbers on every property. If you're not good at numbers.
Real estate—the world's best business—has hundreds—if not thousands—of ways to use creative financing to
acquire income property. To get some of this creative financing for your deals, keep alert to the many
opportunities that come your way.
Creative financing can get you started in real estate on little or no money sooner than you think. When you use
creative financing, you capitalize on your financial lacks or drawbacks to build strength into your borrowing
skills.
The creative financing is to analyze your financial lacks and shortcomings. Creative financing can give you
Assets, Income, and a Base on which to build a solid future. Options allow you to get real estate—in many
cases, with no credit check.
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