Re: Ron Legrand Book Info - Posted by Rick Wheat
Posted by Rick Wheat on March 14, 2000 at 08:32:44:
I’m happy you are looking into Ron’s book. I work for Ron, teaching at his Bootcamps and Workshops. The questions you are asking are good - they tell me that you are paying attention and learning.
As the previous post implies, the answers you’re looking for may not have been explained fully in the book. The book is primarily intended for giving a basic introduction to what can be done in the field of Real Estate Investing, not to be a complete “How To” guide to wealth.
Non-Owner Occupied is either a property owned by a landlord, or a house that is now vacant - not occupied by anyone.
Ron uses “Get the Deed” quite frequently. That is simply a term meaning to get the owner to actually convey the title to the property, as evidenced by a document called a Deed. Although it might be confusing, the original DEED is not necessary. R. E. isn’t like a car, you don’t convey ownership by simply signing the back of it. A new set of paperwork is necessary.
Owner Financing is any type purchase of a property that DOES NOT require the buyer to qualify at an institution for financing. It is typically when the owner carries back a mortgage, or when someone allows you to take over the payments of a loan that remains in the name of the seller.
Hopefully these will help you understand the concepts. If you have any other questions, you can contact me by e-mail and I’ll be glad to help you out.