Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003 1 pot

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_1 pot

... Sale-Leaseback 11 0 Case Study: Sale-Leaseback 11 1 Key Points 11 29. Owner Financing 11 3 Advantages of Owner Financing 11 5 Easy Qualification 11 5Cheaper Costs 11 6Faster Closing 11 6Less Risk 11 6Future ... and Clear” 5How Financing Affects the Real Estate Market 6How Financing Affects Particular Transactions 7How Real Estate Investors Use Financing 8When Is Cash Better Than Financing? 9What ... CONTENTSixWraparound Financing 12 7 The Basics of Wraparound Financing 12 7 Wraparound versus Second Mortgage 13 0Mirror Wraparound 13 2Wraparound Mortgage versus Land Contract 13 3 Key Points 13 3 10 ....

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_2 doc

... 16 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR In addition, the county, city, and/or state may assess a transfer taxbased on either the value of the property or the mortgage amount. ... is a desirable☛ 12 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR pay. You also give the lender (not get) a mortgage as security for repay-ment of the note. A mortgage (also ... expression “wholesalelender”). Using a mortgage banker can save the fees of a middleman andcan make the loan process easier. A mortgage banker can give youdirect loan approval, whereas a broker...

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_4 pptx

... a high LTV and/or negativecash flow on the property and housing prices fall,you are in for a world of financial hurt. 58 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR basically a ... negotiated purchase price that is 10 percent to 20 percentbelow market value 62 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Key Points •Lenders make their profit in a variety of ways—the ... The income approach is60 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Income Potential and Resale Value of the Property The particular property being financed is relevant to the...

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_7 pot

... is just 22years. If the wraparound loan is amortized over 30years, the seller has a very bright future at the end! 13 0 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Wraparound versus ... else. 11 6 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR do own a number of properties, you may not be able to qualify for thebest loan programs that offer the lowest interest rates. ... your cash. You can also take advan-tage of favorable interest rates because an owner-occupied loan islikely to have a lower interest rate than if you originated an investor loan. You can also...

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_8 pdf

... 6.57 10 ⁷⁄₈ 11 .29 19 .43 7⁷⁄₈8.99 6.65 11 ⁷⁄₈ 11 .36 19 .52 7¹⁄₈9.06 6.74 11 ¹⁄₈ 11 .44 19 .62 7¹⁄₄9 .13 6.82 11 ¹⁄₄ 11 .52 19 . 71 7³⁄₈9.20 6. 91 11 ³⁄₈ 11 .60 19 . 81 7¹⁄₂9.27 6.99 11 ¹⁄₂ 11 .68 ... 11 ¹⁄₂ 11 .68 19 .90 7⁵⁄₈9.34 7.08 11 ⁵⁄₈ 11 .76 10 .00 7³⁄₄9. 41 7 .16 11 ³⁄₄ 11 .84 10 .09 7⁷⁄₈9.48 7.25 11 ⁷⁄₈ 11 .92 10 .19 Example: $15 0,000 loan at 7% amortized over 30 years. Annual payment per $1, 000 ... 10 ¹⁄₈ 10 .82 18 .87 6¹⁄₄8.57 6 .16 10 ¹⁄₄ 10 .90 18 .96 6³⁄₈8.64 6.24 10 ³⁄₈ 10 .98 19 .05 6¹⁄₂8. 71 6.32 10 ¹⁄₂ 11 .05 19 .15 6⁵⁄₈8.78 6.40 10 ⁵⁄₈ 11 .13 19 .24 6³⁄₄8.85 6.48 10 ³⁄₄ 11 . 21 19.33...

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_9 docx

... SAMPLE FORMS 16 1 15 8APPENDIX CSAMPLE FORMS 17 5SAMPLE FORMS 16 5SAMPLE FORMS 16 3 17 2APPENDIX C 17 6APPENDIX C 16 2APPENDIX C 16 4APPENDIX C 17 0APPENDIX C 16 0APPENDIX CSAMPLE FORMS 15 9 17 4APPENDIX ... C 16 0APPENDIX CSAMPLE FORMS 15 9 17 4APPENDIX CSAMPLE FORMS 16 9 16 8APPENDIX CSAMPLE FORMS 16 7SAMPLE FORMS 17 3SAMPLE FORMS 17 1SAMPLE FORMS 17 7 17 8APPENDIX C...

Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003_10 docx

... Origination fee, 39 Owner-carry sale, 11 3 15 Owner financing, 11 3–33 advantages of, 11 5 19 assumable loan 11 7 18 buying subject to existing loan, 11 8–22convincing the seller, 12 0– 21 defined, ... 99 11 2 alternative to selling, 10 2 assignment, 10 0 10 1 basics, 10 1–3 case study, 10 4–6 equity buildup, 10 7–8 lease purchase, 10 3–4 sale-leaseback, 11 0 12 sandwich lease option, 10 6–7, 10 9straight ... Partnership Act, 95 Uniform Residential Loan Application (sample), 14 4–47 United Nations, 10 3 VA mortgages, 30– 31, 11 8, 12 4 Variable-rate financing, 46 17 9GLOSSARYabstract of title A compilation...

HandBook Financing Secrets of a Millionaire Real Estate Investor_1 doc

... Cooperative apartments, popular in New York andCalifornia, are not eligible. The Department of Veterans Affairs The Department of Veterans Affairs (VA) guarantees certain loanprograms for ... SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR In addition, the county, city, and/or state may assess a transfer taxbased on either the value of the property or the mortgage amount. A deed or ... nonrecourse. 30 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Title 1 loan. The Title 1 loan insures loans of up to $25,000 forlight to moderate rehab of single-family properties, or $12 ,000...

HandBook Financing Secrets of a Millionaire Real Estate Investor_4 doc

... subordination and substitution of collateral aretwo powerful tools to make you more money in real estate. 76 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR •Copies of recent bank statements, ... For a referralto a local real estate investors club in your city, try the National Real Estate Investors Association at <www.nationalreia.com>. Borrowing from Friends and Relatives ... Funding. Call Fred 555 -11 34.74 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Some loans are called “no ratio” loans, in that you don’t have tojustify your total debt (mortgages plus...

HandBook Financing Secrets of a Millionaire Real Estate Investor_5 ppt

... MILLIONAIRE REAL ESTATE INVESTOR age real estate is an effective alternative to bank financing whenfuture real estate values are uncertain. The Sandwich Lease Option The sandwich lease option is an old ... excellent financing alternative. 11 4 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Example: Sally Seller owns her home free and clear, that is,she owes nothing to the bank and there are ... purchasing a home to live in, but she didn’t have much cash. She was at her new9 / Owner Financing 11 5Advantages of Owner Financing As discussed next, there are many advantages of owner financing over...

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