Dearborn Financing Secrets of a Millionaire Real Estate Investor 2003 2 doc

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

... 98 2 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Understanding the Time Value of Money In order to understand real estate financing, it is important thatyou understand the time value ... 8 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Appraisals on income properties are done in a variety of ways,one of which is the “income” approach. The income approach looksat ... How Financing Affects the Real Estate Market Because financing plays a large part in real estate sales, it also af-fects values; the higher the interest rate, the larger your monthly pay-ment....

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 ... sale with him or her to pay you thecash, put the agreement in writing in the form of a promissory note, 72 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR vantage of using two loans as...

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

... is just 22 years. If the wraparound loan is amortized over 30years, the seller has a very bright future at the end! 130 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Wraparound versus ... spread and a hot housing market and your ability to make a profitgrows exponentially. The Basics of Wraparound Financing In its most basic form, a “wraparound” mortgage, or “wrap,” isan arrangement ... 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

... loan within 5 days of sale Alaska Deed of Trust Power of Sale None Borrower can reinstate loan up to date of sale so long as a notice of defaulted has not been filed more than 2x in the past ... past Arizona Mortgage Judicial None Arkansas Deed of Trust Power of Sale Within one year California Deed of Trust Power of Sale None Colorado Deed of Trust Power of Sale 75 days Borrower can ... Mortgage Judicial None North Carolina Deed of Trust Power of Sale None North Dakota Mortgage Judicial One year Ohio Mortgage Judicial Only up to the date of confirmation of sale Oklahoma...

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

... SAMPLE FORMS161158APPENDIX CSAMPLE FORMS175SAMPLE FORMS165SAMPLE FORMS1631 72 APPENDIX C176APPENDIX C1 62 APPENDIX C164APPENDIX C170APPENDIX C160APPENDIX CSAMPLE FORMS159174APPENDIX ... C160APPENDIX CSAMPLE FORMS159174APPENDIX CSAMPLE FORMS169168APPENDIX CSAMPLE FORMS167SAMPLE FORMS173SAMPLE FORMS171SAMPLE FORMS177178APPENDIX C...

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

... nonconventional, 25 28 government loan programs, 28 –31 institutional lenders, 21 22 loan servicing, 23 , 24 loan-to-value ratio, 27 nonconforming loans, 28 primary vs. secondary, 22 23 private ... for a portion of the rent to be 186GLOSSARYunsecured loan A loan without collateral. A credit card is an example of a loan without collateral. Also known as a “signature” loan. VA loan A ... seller makes a guarantee or warranty that title is marketable and will defend all claims against it. wraparound mortgage A mortgage that is subordinate to and incorporates the terms of an underlying...

HandBook Financing Secrets of a Millionaire Real Estate Investor_1 doc

... 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 ... limitsoften change). The nation’s larger portfolio lenders include WorldSavings and Washington Mutual. 24 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR bankers (also known as “direct ... 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...

HandBook Financing Secrets of a Millionaire Real Estate Investor_4 doc

... ...

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 ... be a shared equity mortgage. A shared equity mortgage has a payoff that is based on a formula thatrelates to the increase in value of the property. Shared equity mortgages (AKA shared appreciation ... previously in this chapter. The sale-leaseback has its drawbacks. If either party to a sale-leaseback is audited, the IRS may recharacterize the sale-leaseback as a disguised financing arrangement. This...

Xem thêm