Posted by jmathis on September 11, 2003 at 23:14:26:
you need to set the deal up where the owner can see that they are in control of the property not you, sometimes you need to explain the deal use Peter Conti’s" what if" approach
how to create trust (collateral)?? - Posted by Justin
Posted by Justin on September 09, 2003 at 23:04:05:
OK here’s my situation: I’ve never invested in real estate before, and don’t own my own house or car or anything that I can use as collateral, but there’s a 4-plex I want to buy where the seller is willing to take back 100% of the mortgage (no money down), but not for me because he can’t put a lien on my house or anything. If anyone has any creative ideas for how to create trust / collateral in a situation like this I’d love to hear them. Thanks,
Justin