Almost all examples of financing techniques in wade cook’s “Buying real estate without cash” are based on the assumption that all the mortages are assumable and non qualifying.
I agree, that it is still possible to find these kind of deals, but there are not that many assumable/nonqualifying deals any more unlike the 70’s and 80’s, when wade cook started his investing career. Most Mortgage notes have a “due on sale” clause on them.
Favorite creative finance books? - Posted by Ray Richardson
Posted by Ray Richardson on December 10, 1998 at 21:04:31:
I’ve read a lot of messages on this board, virtually all the how-to articles and a few books and I still find some of these creative finance suggestions whizzing by me a bit (for instance, Bud Branstetter’s recent suggestion for a “note deal”. I’ve read it several times and still don’t quite get it) What are people’s fave creative real estate finance books out there? I definitely need to do some more reading.
Re: Favorite creative finance books? - Posted by John (KS)
Posted by John (KS) on December 11, 1998 at 08:14:49:
Wade Cooks “101 ways to buy houses without cash” gives alot of “creative” examples of getting cash for downpayments and how to convince the seller into owner financing.