Best way to/How would you- write this deal? - Posted by Paul

Real Estate Investing
1

Posted by Bud Branstetter on March 27, 2001 at 23:55:18:

Best way is he gives me all the equity for nothing down. Not rational but you can dream. You ask for as low as interest or no interest for as long as possible and as much as equity as you can. I would be using a Pactrust and asking for the appreciation plus cash flow in addition to any equity I could get.

2

Best way to/How would you- write this deal? - Posted by Paul

Posted by Paul on March 27, 2001 at 23:03:37:

Purchase price: $ 215,00.

Seller bought 12 mos. ago, has

$ 92,000 loan, and needs no cash at close.

Whats the most beneficial method I can use to buy?

What would you do?

“Subject To” w/Land Trust and get the Deed,

Lease/Purchase, or?

Thanks for your time and consideration,

Paul

3

The Only Way In My Book … - Posted by Rick Wheat

Posted by Rick Wheat on March 28, 2001 at 07:44:51:

Is to buy it into a Land Trust, either:

  1. “Subject To” the first with the Seller holding a 2nd for the rest of the equity you agree upon, or;

  2. A “Wrap-Around” Mortgage for the full purchase price.

Either of these strategies would work out great for you, allowing you to turn around and collect a downpayment from your buyer to put quick cash into your pocket, plus creating a good monthly cashflow each month (“Mailbox Money”).

Let me know if you need a hand structuring the offer.

GOOD LUCK!!!

Rick Wheat