Creative Finance -The Wraparound Mortgage (Wrap)
by Ross Hair on August 4, 2009
in Creative Finance, Real Estate Investment
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One of my favorite creative finance techniques to buy investment real estate is the wraparound mortgage (WRAP).
A wrap is exactly what it sounds like – it’s a mortgage that wraps around an existing mortgage. In a wrap, the seller leaves the existing mortgage in place, sells the property to the buyer and gives the buyer a mortgage on the property that is subordinated to the existing mortgage. Read more..
Creative Finance – Owner Finance or Seller Carry Back
by Ross Hair on August 3, 2009
in Creative Finance, Real Estate Investment
A great source of creative finance is owner finance or seller carry back.
This is particularly true if the seller has equity in the property. Owner finance or seller carry back occurs when the seller agrees to provide you with a loan to help you purchase the property. Read more..
Creative Finance – Find a Hard Money Lender
by Ross Hair on July 31, 2009
in Creative Finance, Real Estate Investment
The easiest way to use creative finance is to get a real estate loan from a hard money lender.
There is a simple rule in real estate that if you find a great deal then finding the money is easy. The reason for this is that hard money lenders will fund 100% of your deal if it is a great deal. Read more..
Creative Finance – Sometimes the best Mortgage is no Mortgage at all!
by Ross Hair on July 30, 2009
in Creative Finance, Real Estate Investment
One thing I’ve learnt as a real estate investor is that sometimes the best mortgage is no mortgage at all.
If this sounds cryptic, let me explain.
In many real estate deals you don’t need a loan or any real finance.
If you are wholesaling a property it is almost always to your financial advantage to not close on the deal but rather flip or wholesale it to another real estate investor. Read more..
The One Common Characteristic of Every Successful Real Estate Investor
by Ross Hair on July 29, 2009
in Creative Finance, Real Estate Investment
Without exception, every successful real estate investor that I know has one thing in common – they all know where to find the money. They understand that money is the life blood of the real estate investment industry and they’ve all invested their time and resources to find reliable sources of finance for their deals.
I firmly believe that the opportunity always lies in the obstacle. Read more..
