The document discusses 25 ways to buy commercial properties with no money down. It begins by introducing the author and his experience investing in real estate since 1988, including buying his first 8-unit apartment building for $235,000 with zero money down. The author then outlines four common types of owner financing that allow a buyer to purchase a property with no money down: certain date principal payment, principal payments option, interest only payments, and balloon notes. The author advocates negotiating with sellers to carry financing in order to purchase properties without any out-of-pocket costs.
This document discusses options for homeowners to leverage their home equity, including working with the presenter Robert Ratimorszky of GSF Mortgage. It outlines four options: doing nothing; handling it independently; working with a traditional realtor/lender; or working with Robert. It then discusses the benefits of refinancing one's mortgage, such as freeing up cash flow and lowering taxes. Two scenarios are presented comparing paying off a mortgage quickly versus investing savings. The document promotes the benefits of working with GSF Mortgage to obtain a mortgage that allows homeowners to maximize their finances.
The document provides 8 steps for buying a home:
1) Decide to buy and overcome fears of not being able to afford your dream home. Buying your first home gets you closer to your dream home through building equity.
2) Hire a real estate agent who will educate you, guide you to suitable homes, and represent your interests.
3) Secure financing by understanding affordable mortgage payments based on your income, expenses, and down payment options.
4) Find your home by creating criteria for location, size, condition, neighborhood, and features important to you.
5) Make a competitive offer at or below fair market value as determined by recent local sales.
6) Perform due diligence ins
This document contains a disclaimer and introduction from the author Julio M. Domanais about the information provided in the e-book. It states that the information should be used as a general guide and the author assumes no liability. It also notes that the e-book contains the author's personal opinions. The introduction then provides background about the author and their motivation for writing the e-book, which is to help others follow their passions and achieve financial literacy. It outlines some of the tips and strategies that will be shared in the e-book.
This document is the copyright page and contents list for a book titled "Ultimate Home Buyers Guide" published by CelebrityPress. It provides information on copyright and publishing details for the book. The contents list previews 15 chapters on topics related to home buying such as hiring an agent, home buying strategies, negotiations, common mistakes to avoid, and more.
The document provides a summary of common mistakes made by first-time home buyers and tips to avoid them. The top 5 mistakes are: 1) Not asking their lender enough questions to get the best mortgage deal. 2) Not making a quick buying decision and losing out to other offers. 3) Not finding the right real estate agent to guide them through the process. 4) Not making their offer appealing to sellers. 5) Not considering how long they plan to stay in the home and the costs of eventual resale. The document stresses the importance of working with knowledgeable professionals and doing thorough research to avoid costly errors when purchasing a first home.
THE ULTIMATE GUIDE TO BUYING & SELLING A HOME IN THE GREATER TORONTO AREAJusto Inc.
Welcome! For most people, buying or selling a home is the biggest financial transaction of their lives. Whether it’s your first time or not, the information in this ebook will help you make more educated decisions, avoid common mistakes, and could even help you save a great deal of money! Find out more at https://justo.ca/
This document provides an overview of mortgage qualification guidelines in Canada, including income requirements, down payment amounts, equity sources, and debt service ratios (GDS and TDS). Key points:
- Common income sources considered include employment, self-employment, pensions, and child tax credits, provided they can demonstrate consistency.
- The minimum down payment is typically 5% but increases to 10% or 20% for homes over $500k or $1M. Larger down payments reduce mortgage costs.
- Equity can come from sources like selling another property, savings, RRSPs, gifts, or investments.
- GDS measures housing costs as a percentage of income and is typically capped at 32-35
This document provides tips on how to prepare a home for sale using feng shui principles to appeal to buyers. It recommends paying special attention to the front door area to create a welcoming first impression. It also suggests keeping chi energy from being drained by keeping toilet seats down and bathroom doors closed. Additionally, it advises placing the master bed in a position of honor and using soothing paint colors in the bedroom. The dining room should have a clear, attractive table to promote family togetherness. Finally, clean windows allow the best view of the home.
This document discusses options for homeowners to leverage their home equity, including working with the presenter Robert Ratimorszky of GSF Mortgage. It outlines four options: doing nothing; handling it independently; working with a traditional realtor/lender; or working with Robert. It then discusses the benefits of refinancing one's mortgage, such as freeing up cash flow and lowering taxes. Two scenarios are presented comparing paying off a mortgage quickly versus investing savings. The document promotes the benefits of working with GSF Mortgage to obtain a mortgage that allows homeowners to maximize their finances.
The document provides 8 steps for buying a home:
1) Decide to buy and overcome fears of not being able to afford your dream home. Buying your first home gets you closer to your dream home through building equity.
2) Hire a real estate agent who will educate you, guide you to suitable homes, and represent your interests.
3) Secure financing by understanding affordable mortgage payments based on your income, expenses, and down payment options.
4) Find your home by creating criteria for location, size, condition, neighborhood, and features important to you.
5) Make a competitive offer at or below fair market value as determined by recent local sales.
6) Perform due diligence ins
This document contains a disclaimer and introduction from the author Julio M. Domanais about the information provided in the e-book. It states that the information should be used as a general guide and the author assumes no liability. It also notes that the e-book contains the author's personal opinions. The introduction then provides background about the author and their motivation for writing the e-book, which is to help others follow their passions and achieve financial literacy. It outlines some of the tips and strategies that will be shared in the e-book.
This document is the copyright page and contents list for a book titled "Ultimate Home Buyers Guide" published by CelebrityPress. It provides information on copyright and publishing details for the book. The contents list previews 15 chapters on topics related to home buying such as hiring an agent, home buying strategies, negotiations, common mistakes to avoid, and more.
The document provides a summary of common mistakes made by first-time home buyers and tips to avoid them. The top 5 mistakes are: 1) Not asking their lender enough questions to get the best mortgage deal. 2) Not making a quick buying decision and losing out to other offers. 3) Not finding the right real estate agent to guide them through the process. 4) Not making their offer appealing to sellers. 5) Not considering how long they plan to stay in the home and the costs of eventual resale. The document stresses the importance of working with knowledgeable professionals and doing thorough research to avoid costly errors when purchasing a first home.
THE ULTIMATE GUIDE TO BUYING & SELLING A HOME IN THE GREATER TORONTO AREAJusto Inc.
Welcome! For most people, buying or selling a home is the biggest financial transaction of their lives. Whether it’s your first time or not, the information in this ebook will help you make more educated decisions, avoid common mistakes, and could even help you save a great deal of money! Find out more at https://justo.ca/
This document provides an overview of mortgage qualification guidelines in Canada, including income requirements, down payment amounts, equity sources, and debt service ratios (GDS and TDS). Key points:
- Common income sources considered include employment, self-employment, pensions, and child tax credits, provided they can demonstrate consistency.
- The minimum down payment is typically 5% but increases to 10% or 20% for homes over $500k or $1M. Larger down payments reduce mortgage costs.
- Equity can come from sources like selling another property, savings, RRSPs, gifts, or investments.
- GDS measures housing costs as a percentage of income and is typically capped at 32-35
This document provides tips on how to prepare a home for sale using feng shui principles to appeal to buyers. It recommends paying special attention to the front door area to create a welcoming first impression. It also suggests keeping chi energy from being drained by keeping toilet seats down and bathroom doors closed. Additionally, it advises placing the master bed in a position of honor and using soothing paint colors in the bedroom. The dining room should have a clear, attractive table to promote family togetherness. Finally, clean windows allow the best view of the home.
This document provides information and advice for first-time home buyers regarding getting a home loan. It discusses the benefits of using a mortgage broker who can help find the right loan, negotiate terms, and make the application process easier. The document also covers important factors to consider like saving for a deposit, estimated borrowing potential, additional costs, different loan types, and options for assistance like family loans or first home owner grants. Overall, it aims to give first home buyers a better understanding of the home loan process and how to make a well-informed decision.
This document is a chapter from a book providing advice on optimizing home purchases. It discusses how hiring the right real estate agent can help homebuyers avoid common mistakes like overpaying for a home or home loan. The chapter emphasizes creating a comprehensive home buying strategy and working with an expert advisor who represents the buyer's interests. It cautions that sellers' agents and builders' sales reps may not have the buyer's best interests in mind due to compensation incentives. Overall, the chapter stresses the importance of an educated, strategic approach to home buying facilitated by a knowledgeable real estate professional.
First Time Home Buyer Guide (NC and SC edition)Terry McDonald
This document provides guidance for first-time home buyers on getting started with the home buying process. It covers determining if you are ready to buy, assessing what you can afford, finding trusted real estate partners like a buyer's agent, and how to conduct an effective home search. The key steps outlined are understanding renting vs buying, getting your finances and credit in order, deciding on the type of home and location that fits your needs and budget, and then leveraging real estate professionals to view suitable properties and make a competitive offer.
This document discusses debt management and analyzing one's loan portfolio as an important part of financial planning. It states that a loan portfolio has a big impact on investible surplus, so it is important to analyze loans to pay them off strategically or manage them to reduce interest costs and increase surplus. It then provides tips for analyzing one's loan portfolio, including understanding interest rates, monthly EMIs, loan types and balances, and macroeconomic factors that could impact floating rate loans. The overall message is that having a "5D view" of one's full loan portfolio is important for effective debt management and cash flow optimization.
Frank and Neil both earn $70,000 annually and buy $200,000 homes. Frank takes a traditional approach with a 15-year, 6.38% mortgage and $40,000 down payment, leaving no savings. Neil takes a new approach with a 30-year, interest-only 7.42% mortgage and $10,000 down payment, allowing him to save $30,000. After 5 years, Frank has paid $14,216 in taxes but has no savings, while Neil has paid $22,557 in taxes and saved $83,513. If they lose their jobs, Neil can weather the crisis with savings while Frank may lose his home. The document advocates taking a new approach to mort
Mlenow is a website that makes it easier to access commercial financing of less than $10 million dollars by providing information on the approval process, criteria, and potential lenders. The site allows users to create a request profile that gets scored based on common lending criteria, showing financing options and which banks may approve the request. By using Mlenow, borrowers can prepare themselves to be approved more quickly and easily connect with over 400 potential lenders in Canada.
This document provides a high-level overview of personal financial management from a faith-based perspective. It covers topics such as earning and acquiring wealth through providing valuable services, managing wealth through budgeting and saving, and passing on wealth through estate planning and wills. The document emphasizes that money should be viewed as a tool to be used responsibly rather than a master to be obsessed over. It also stresses the importance of credit history and budgeting to financial success.
The document provides 6 rules for investing in stocks aimed at beginner investors. Rule 1 is to understand your investment goals, whether it be capital gains, cash flow, or hedging. Rule 2 stresses the importance of education before investing. Rule 3 is to save a portion of income and put it towards investments after getting educated. Rule 4 discusses ways to mitigate risk such as through education, starting small with investments, and purchasing insurance.
The document summarizes a real estate seminar discussing alternatives for homeowners who are underwater on their mortgages, including short sales and foreclosures. It provides information on how to qualify for and navigate the short sale process as both a seller and buyer. Real estate market trends in the local area are presented, demonstrating high inventory and declining home values and sales. Strategies are suggested for taking advantage of the current market as both investors and homeowners.
The document provides an overview of the home buying process and discusses important considerations for obtaining a home mortgage loan. It includes tips on working with a lender and real estate agent, evaluating different loan options, negotiating terms, and becoming educated on the process. Key recommendations are to get pre-approved for a loan, look at multiple loan programs, demand good service, and don't be afraid to negotiate flexible terms. Being informed is important to getting the best mortgage.
This guide helps consumers navigate the mortgage process in 8 steps: 1) defining what is affordable, 2) understanding your credit, 3) choosing between fixed and adjustable rates, 4) selecting a down payment amount, 5) understanding how points affect interest rates, 6) shopping with multiple lenders, 7) choosing a mortgage, and 8) avoiding pitfalls. The goal is to find the best mortgage to fit the consumer's financial situation through informed decision making at each step.
This document provides a step-by-step guide to help consumers choose the best mortgage. It discusses:
1. Defining what is affordable, understanding your credit, choosing between fixed and adjustable rates, selecting the right down payment, and understanding how points affect interest rates.
2. The importance of understanding your credit report and score to qualify for the best rate. Correcting any errors can improve your score.
3. Different types of mortgages and their tradeoffs (fixed vs adjustable rates), the importance of understanding prepayment options, and being wary of risky loan features like balloons payments or prepayment penalties.
4. Steps to take like getting estimates of total monthly costs, calculating the
This document provides tips on managing money during difficult financial times. It discusses strategies for spending less such as creating a budget and cutting unnecessary expenses. It also offers advice for saving more through emergency funds, paying yourself first, and saving windfalls. The document warns about common financial scams and provides tips to protect against fraud. It also discusses how to borrow wisely by improving your credit score, shopping for the best loans and credit products, and saving money on existing loans and credit cards.
This document provides information about the Homeowners Mortgage Support (HMS) program, which allows struggling homeowners to delay some monthly interest payments on their mortgage for up to two years. It explains that HMS is for those whose income has temporarily dropped, and that applicants must commit to paying at least 50% of the monthly interest due and eventually repaying all postponed amounts. The document also outlines eligibility requirements and provides examples of homeowners who may or may not qualify for the program.
This document discusses options for homeowners to leverage their home equity. It presents 4 options: 1) do nothing; 2) handle it yourself; 3) work with a traditional realtor/lender; or 4) work with the author. It then discusses strategies for making one's mortgage work for them, including choosing the best mortgage type and using extra payments to build savings rather than pay down the mortgage early. Examples are given showing the benefits of this approach over the traditional method of paying off the mortgage quickly. The document promotes working with the author/company to utilize these strategies to better leverage one's home equity.
- The majority of Americans do not save enough for retirement at a time when the country has a record deficit and the government may not be able to provide support (sentences 1-2).
- It is important to start planning and saving for retirement now, through researching options like paying down debt, buying stocks of strong dividend-paying companies, and municipal bonds purchased years ago (sentence 3).
- The speaker shares their experience successfully planning for retirement over 25 years through disciplined savings and investment strategies like buying bonds with high coupons rates in the past (sentence 4).
For newly married couples, financial planning is important to set priorities and evaluate needs. Short term planning includes insurance, savings of 6 months income, assets like cars and homes, and incidental expenses. Medium term includes real estate, children's education, and retirement plans. Long term focuses on higher education, assessing retirement funds, estate planning, and post-retirement expenses. It is advised to discuss finances openly, set monetary goals together, manage accounts jointly or individually, create budgets, have regular money meetings, take measured risks, build emergency funds, and trust each other. Financial planning helps fulfill goals but flexibility is also needed to adjust to life changes.
This 3 sentence summary provides the essential information from the document:
This document was presented by Betty Kincaid and discusses having a personal investment policy. It also includes an address of 4128 Story Rock Las Vegas, NV 89115 and lists the property's MLS number as 1189472. The document focuses on developing an investment strategy and identifying a specific property for sale.
A small Indian company, TATA Steel, acquired the largest steel manufacturing group in London, CORUS Group, in 2007. This was the largest leveraged buyout conducted by an Indian company in the United Kingdom at the time. The acquisition of CORUS Group allowed TATA Steel to generate synergies through expanding its international operations.
This document provides information and advice for first-time home buyers regarding getting a home loan. It discusses the benefits of using a mortgage broker who can help find the right loan, negotiate terms, and make the application process easier. The document also covers important factors to consider like saving for a deposit, estimated borrowing potential, additional costs, different loan types, and options for assistance like family loans or first home owner grants. Overall, it aims to give first home buyers a better understanding of the home loan process and how to make a well-informed decision.
This document is a chapter from a book providing advice on optimizing home purchases. It discusses how hiring the right real estate agent can help homebuyers avoid common mistakes like overpaying for a home or home loan. The chapter emphasizes creating a comprehensive home buying strategy and working with an expert advisor who represents the buyer's interests. It cautions that sellers' agents and builders' sales reps may not have the buyer's best interests in mind due to compensation incentives. Overall, the chapter stresses the importance of an educated, strategic approach to home buying facilitated by a knowledgeable real estate professional.
First Time Home Buyer Guide (NC and SC edition)Terry McDonald
This document provides guidance for first-time home buyers on getting started with the home buying process. It covers determining if you are ready to buy, assessing what you can afford, finding trusted real estate partners like a buyer's agent, and how to conduct an effective home search. The key steps outlined are understanding renting vs buying, getting your finances and credit in order, deciding on the type of home and location that fits your needs and budget, and then leveraging real estate professionals to view suitable properties and make a competitive offer.
This document discusses debt management and analyzing one's loan portfolio as an important part of financial planning. It states that a loan portfolio has a big impact on investible surplus, so it is important to analyze loans to pay them off strategically or manage them to reduce interest costs and increase surplus. It then provides tips for analyzing one's loan portfolio, including understanding interest rates, monthly EMIs, loan types and balances, and macroeconomic factors that could impact floating rate loans. The overall message is that having a "5D view" of one's full loan portfolio is important for effective debt management and cash flow optimization.
Frank and Neil both earn $70,000 annually and buy $200,000 homes. Frank takes a traditional approach with a 15-year, 6.38% mortgage and $40,000 down payment, leaving no savings. Neil takes a new approach with a 30-year, interest-only 7.42% mortgage and $10,000 down payment, allowing him to save $30,000. After 5 years, Frank has paid $14,216 in taxes but has no savings, while Neil has paid $22,557 in taxes and saved $83,513. If they lose their jobs, Neil can weather the crisis with savings while Frank may lose his home. The document advocates taking a new approach to mort
Mlenow is a website that makes it easier to access commercial financing of less than $10 million dollars by providing information on the approval process, criteria, and potential lenders. The site allows users to create a request profile that gets scored based on common lending criteria, showing financing options and which banks may approve the request. By using Mlenow, borrowers can prepare themselves to be approved more quickly and easily connect with over 400 potential lenders in Canada.
This document provides a high-level overview of personal financial management from a faith-based perspective. It covers topics such as earning and acquiring wealth through providing valuable services, managing wealth through budgeting and saving, and passing on wealth through estate planning and wills. The document emphasizes that money should be viewed as a tool to be used responsibly rather than a master to be obsessed over. It also stresses the importance of credit history and budgeting to financial success.
The document provides 6 rules for investing in stocks aimed at beginner investors. Rule 1 is to understand your investment goals, whether it be capital gains, cash flow, or hedging. Rule 2 stresses the importance of education before investing. Rule 3 is to save a portion of income and put it towards investments after getting educated. Rule 4 discusses ways to mitigate risk such as through education, starting small with investments, and purchasing insurance.
The document summarizes a real estate seminar discussing alternatives for homeowners who are underwater on their mortgages, including short sales and foreclosures. It provides information on how to qualify for and navigate the short sale process as both a seller and buyer. Real estate market trends in the local area are presented, demonstrating high inventory and declining home values and sales. Strategies are suggested for taking advantage of the current market as both investors and homeowners.
The document provides an overview of the home buying process and discusses important considerations for obtaining a home mortgage loan. It includes tips on working with a lender and real estate agent, evaluating different loan options, negotiating terms, and becoming educated on the process. Key recommendations are to get pre-approved for a loan, look at multiple loan programs, demand good service, and don't be afraid to negotiate flexible terms. Being informed is important to getting the best mortgage.
This guide helps consumers navigate the mortgage process in 8 steps: 1) defining what is affordable, 2) understanding your credit, 3) choosing between fixed and adjustable rates, 4) selecting a down payment amount, 5) understanding how points affect interest rates, 6) shopping with multiple lenders, 7) choosing a mortgage, and 8) avoiding pitfalls. The goal is to find the best mortgage to fit the consumer's financial situation through informed decision making at each step.
This document provides a step-by-step guide to help consumers choose the best mortgage. It discusses:
1. Defining what is affordable, understanding your credit, choosing between fixed and adjustable rates, selecting the right down payment, and understanding how points affect interest rates.
2. The importance of understanding your credit report and score to qualify for the best rate. Correcting any errors can improve your score.
3. Different types of mortgages and their tradeoffs (fixed vs adjustable rates), the importance of understanding prepayment options, and being wary of risky loan features like balloons payments or prepayment penalties.
4. Steps to take like getting estimates of total monthly costs, calculating the
This document provides tips on managing money during difficult financial times. It discusses strategies for spending less such as creating a budget and cutting unnecessary expenses. It also offers advice for saving more through emergency funds, paying yourself first, and saving windfalls. The document warns about common financial scams and provides tips to protect against fraud. It also discusses how to borrow wisely by improving your credit score, shopping for the best loans and credit products, and saving money on existing loans and credit cards.
This document provides information about the Homeowners Mortgage Support (HMS) program, which allows struggling homeowners to delay some monthly interest payments on their mortgage for up to two years. It explains that HMS is for those whose income has temporarily dropped, and that applicants must commit to paying at least 50% of the monthly interest due and eventually repaying all postponed amounts. The document also outlines eligibility requirements and provides examples of homeowners who may or may not qualify for the program.
This document discusses options for homeowners to leverage their home equity. It presents 4 options: 1) do nothing; 2) handle it yourself; 3) work with a traditional realtor/lender; or 4) work with the author. It then discusses strategies for making one's mortgage work for them, including choosing the best mortgage type and using extra payments to build savings rather than pay down the mortgage early. Examples are given showing the benefits of this approach over the traditional method of paying off the mortgage quickly. The document promotes working with the author/company to utilize these strategies to better leverage one's home equity.
- The majority of Americans do not save enough for retirement at a time when the country has a record deficit and the government may not be able to provide support (sentences 1-2).
- It is important to start planning and saving for retirement now, through researching options like paying down debt, buying stocks of strong dividend-paying companies, and municipal bonds purchased years ago (sentence 3).
- The speaker shares their experience successfully planning for retirement over 25 years through disciplined savings and investment strategies like buying bonds with high coupons rates in the past (sentence 4).
For newly married couples, financial planning is important to set priorities and evaluate needs. Short term planning includes insurance, savings of 6 months income, assets like cars and homes, and incidental expenses. Medium term includes real estate, children's education, and retirement plans. Long term focuses on higher education, assessing retirement funds, estate planning, and post-retirement expenses. It is advised to discuss finances openly, set monetary goals together, manage accounts jointly or individually, create budgets, have regular money meetings, take measured risks, build emergency funds, and trust each other. Financial planning helps fulfill goals but flexibility is also needed to adjust to life changes.
This 3 sentence summary provides the essential information from the document:
This document was presented by Betty Kincaid and discusses having a personal investment policy. It also includes an address of 4128 Story Rock Las Vegas, NV 89115 and lists the property's MLS number as 1189472. The document focuses on developing an investment strategy and identifying a specific property for sale.
A small Indian company, TATA Steel, acquired the largest steel manufacturing group in London, CORUS Group, in 2007. This was the largest leveraged buyout conducted by an Indian company in the United Kingdom at the time. The acquisition of CORUS Group allowed TATA Steel to generate synergies through expanding its international operations.
77 Ways to Fill Vacancies - Real Estate Investing by Dave LindahlDave Lindahl
Empty rentals mean empty bank accounts. There is no greater pain a landlord can endure than a vacant apartment. In order to stay in business, it’s important that all vacancies get filled as fast as possible.
Filling apartments does not come naturally; it is a learned skill. Many landlords, when faced with a vacancy, have a finely tuned, Three-Step System that they can implement at a moment’s notice:
Step 1: Put ad in local paper; Step 2: Put hands together; Step 3: Start praying.
I guess you can’t blame them; that’s what they see all the other landlords doing.
Though using classified ads can be an effective method of renting apartments, it’s not the most effective, and it’s certainly not the only technique you should employ. There are many other ways to find prospects to rent your unit...
27 Ways To Buy Multi-Family Properties With NO MONEY DOWN by Dave LindahlDave Lindahl
This document provides 27 ways to purchase multi-family properties with no money down. Some of the key strategies mentioned include obtaining owner financing where the seller provides the financing instead of cash, borrowing from private lenders for a down payment, taking over properties "subject to" existing mortgages, partnering with equity investors who provide cash in exchange for a share of profits and cash flow, and requesting repair allowances at closing to cover needed repairs and provide funds for a down payment. The document encourages readers to refer to these various no money down techniques when evaluating potential property deals.
Carden's Capitol Solutions provides real estate financing and helps investors buy and flip homes. There are four main ways to make money through the company: 1) Referring For Sale by Owner home sellers to offer owner financing and receiving 50% of profits; 2) Flipping properties and keeping 90-95% of profits after discount for using company funding; 3) Splitting profits 50/50 on flipped homes closed under company name; 4) Receiving referral fees for submitting notes like mortgages and annuities for purchase. The document outlines the business and provides examples of common offers, contact information, and a brief business plan overview.
This document provides tips for landing a first customer. It advises starting by offering potential customers a simple, free piece of help related to the problem being solved rather than immediately introducing the product or service. This builds trust by showing understanding of their complex needs. The next step is to listen to learn about their situation and solutions tried before leveling with them about options considered. The goal is for the customer and business to collaboratively develop a solution, with the business explaining what their product can and cannot do. Introducing the product fully only after understanding the customer's needs and determining if trust has been built.
Building an enduring, multi-billion dollar consumer technology company is hard. As an investor, knowing which startups have the potential to be massive and long-lasting is also hard. From both perspectives, identifying companies with this potential is a combination of “art” and “science” — the art is understanding how products work, and the science is knowing how to measure it. At the earliest stages of a company, it comes down to understanding how a product is built to maximize and leverage user engagement.
In this presentation, Sarah Tavel shares her "Hierarchy of Engagement" framework she uses to evaluate non-transactional consumer companies she is looking to invest in.
TEDx Manchester: AI & The Future of WorkVolker Hirsch
TEDx Manchester talk on artificial intelligence (AI) and how the ascent of AI and robotics impacts our future work environments.
The video of the talk is now also available here: https://youtu.be/dRw4d2Si8LA
- Buying a home is a major financial decision and commitment that requires navigating a complicated process. The document provides guidance to help buyers feel informed and prepared.
- It outlines preliminary financing concerns like estimating purchasing power based on income, credit, expenses, down payment, and interest rates. It also provides steps to review credit reports, financial documents, and to talk to a lender.
- The document reviews mortgage types, terms, fees, and questions for buyers to ask lenders to better understand financing options and select the best loan. It also discusses down payment amounts and private mortgage insurance.
The document provides a step-by-step guide for purchasing a first home. It discusses: 1) deciding to buy and whether renting or owning makes more financial sense; 2) hiring a real estate agent to help with the process; 3) getting pre-approved for financing and determining a price range; 4) starting the home search and defining needs and wants; 5) making an offer on a home; 6) conducting inspections and due diligence; 7) completing the closing process; and 8) caring for the home after purchase to protect the investment. The guide emphasizes working with an agent and only offering a price based on fair market value based on recent comparable sales.
Discover TurboTenant's free landlord software: Streamline your rental process with tenant screening, automated rent collection, and powerful marketing
This document discusses factors to consider when deciding whether to rent or buy a home. It outlines some key pros and cons of renting versus owning, including that mortgage payments may be lower than rent, owning allows for customization and building equity over time, but renting provides more flexibility. It also provides tips for first-time homebuyers, including getting pre-approved for a mortgage loan and establishing good credit.
Private lending involves making loans to individuals or businesses without going through a bank. It can provide higher returns than other investments like CDs or mutual funds. The process involves deciding on a loan amount and interest rate, putting the agreement in writing, transferring funds, and having the borrower make payments. Using an equity participation component allows the lender to receive a percentage of future business profits in addition to the interest on the loan. This can significantly increase potential returns. The document recommends a company called Virgin Money that assists with paperwork and loan servicing to make the private lending process simpler.
The document provides the results of a personal IQ test, with the respondent scoring 27-30/30, indicating an "excellent" personal financial IQ. It then outlines 11 elements of personal finance, including discovering your comparative advantage, being entrepreneurial, budgeting, financing purchases appropriately, avoiding credit card debt, buying used goods, emergency savings, investing for compound interest, diversifying investments, investing in index funds, and being wary of high-risk investment schemes.
This document is a guide to help clients through the home buying process. It discusses gathering documents like pay stubs, tax returns, and credit reports to understand affordability. It also covers getting pre-approved with a lender to learn financing options like fixed or adjustable rate mortgages. The guide emphasizes understanding interest rates, fees, and working with realtors or brokers to find the right home and loan.
In this report I’ve concentrated on the first two reasons. which in the current economic climate, seem to me to be the most relevant. But updated “modules” on the others, particularly the use of property to provide a tax efficient pension fund. will follow in time.
Citi's Linda Descano and consumer advocate Elisabeth Leamy share advice for getting your personal finances in order.
Connect: Professional Women’s Network is online community with more than 440,000 members that discusses issues relevant to women and their success. The free LinkedIn group powered by Citi also features videos interviews with influential businesswomen, live Q&As with experts and slideshows with career advice. To learn more and join the conversation in the largest women's group on LinkedIn, visit http://www.linkedin.com/womenconnect.
The document provides advice from Linda Descano and Elisabeth Leamy on personal finance topics. Some of their tips include automating savings so the money is not easily spent, thinking of budgets as spending plans rather than restrictions, and prioritizing retirement savings over saving for children's college since loans are available for college. They also discuss approaches to managing debt, selecting financial planners, refinancing loans, and managing money as a married couple.
This document provides a step-by-step guide to help consumers choose the best mortgage. It discusses:
1. Defining what is affordable, understanding your credit, choosing between fixed and adjustable rates, selecting the right down payment, and understanding how points affect interest rates.
2. The importance of understanding your credit report and score to qualify for the best rate. Correcting any errors can improve your score.
3. Different types of mortgages and their tradeoffs (fixed vs adjustable rates), avoiding risky features like balloons payments or prepayment penalties.
4. Factors that determine the right down payment amount depending on the borrower's situation and goals.
The overall document aims
GUIDE - Buyers - Guide to buying a HomeJosie Boyter
The document provides information and guidance to help a client prepare for and navigate the home buying process, including estimating their budget and what they can afford, reviewing their credit, gathering necessary documents, speaking to a lender, and understanding different loan types and costs. The client's real estate agent will guide them through each step, answer any questions, and help them find a home that meets their needs and desires.
This document provides information about options for homeowners who are facing foreclosure or are behind on mortgage payments. It discusses 7 options: 1) loan modification, 2) forbearance agreement, 3) subject-to sale, 4) short sale, 5) bankruptcy, 6) deed-in-lieu of foreclosure, and 7) doing nothing and losing the home to foreclosure. It provides details on how each option works and what fees may be involved. The document encourages homeowners to contact the sender for assistance in working with their bank to negotiate one of these options.
The document outlines the steps and considerations for buying a home, including deciding to buy, hiring an agent, securing financing, finding a home, making an offer, performing due diligence like inspections, closing on the purchase, and protecting your investment after buying. It addresses common fears about buying a home and provides facts to counter those fears. The presentation also provides tips on maintaining a home and building wealth through home ownership over the long run.
Could a franchise be the right way to grow your real estate business?John Triplett
Could a franchise be the right way to grow your real estate business? This six-chapter eBook provides frequently asked questions about becoming a real estate investor and real world stories from investors who went the franchise route. Plus the top 10 questions frequently asked about real estate franchises and franchises in general.
Thinking of buying a home in Richmond Virginia area? Whether it is your first home, or you have bought a home before this booklet will guide you through the process
This document discusses various potential sources of money to start or grow a small business, including loans, equity investments, and other options. It describes loans from banks, friends, and family. Equity investments involve selling part of the business to investors in exchange for capital. Other sources discussed include personal savings, creative cost cutting, venture capitalists, and government programs like the Small Business Administration. The document provides details on each option and concludes that developing a strong business plan is key to pursuing various sources of funding.
Similar to 2017 Special Report 25 Ways to Buy Commercial Properties with No Money Down (20)
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
https://geomatrix.co.in/services/real-estate-project-management-in-haldwani/
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
2017 Special Report 25 Ways to Buy Commercial Properties with No Money Down
1. 2017
Special
Report
25 Ways to Buy Commercial
Properties with NO MONEY
DOWN
Key Fortune Formula components
By: Andrew Williams
2. By: Andrew Williams
1
25 Ways to Buy Commercial
Properties with NO MONEY DOWN
Key Fortune Formula components
Welcome to the very exciting and rewarding career of real estate investing. Congratulations
for taking ACTION and actively participating in YOUR financial future. Most people will
choose to stay on the couch or do nothing. They might actually tell you that you are CRAZY
for even attempting this. Which of you is the foolish one? It’s not you. I would rather
spend the next few years working hard so that I can enjoy my remaining years hardly
working! That’s right. There are thousands upon thousands of MILLIONAIRES in
America. You will be happy to know that 71% of them made their millions in real estate.
I’ve been INVESTING in real estate since 1988. Before I ever owned my first
property, I was involved in real estate and most often with my father. As a
college student (please do not think for a minute that you need a college
education to be successful at this) I was always looking for ways to improve
my financial situation. I owned my own car detailing business, worked in
retail and contracted odd jobs for cash. One day I drove past a home near
campus that was for sale by owner “FSBO or FIZBO”. I told my dad about it,
we crunched the numbers and we both knew it would be a great rental
property. I didn’t have any real estate experience per se, and I certainly did
not have any cash. So my CONTRIBUTION was finding the property,
providing sweat labor (no equity for me on this one) and property
management. It was a 3 bed/2 bath home with a detached garage. After my
father bought the property, we reconfigured the main house to a 4 bed / 3
bath and the detached garage became a 1 bed/1 bath apartment. My
REWARD was a college education paid by my father and a rent free
apartment (the 1bed/1bath apartment I converted out of the garage!) After I graduated
from college and moved away, my father sold that home and made $37,000 NET PROFIT…
not bad for 1991 and it was 10 times more than the cost of my college tuition.
“I would
rather spend
the next few
years
working
hard so that
I can enjoy
my
remaining
years hardly
working!”
3. By: Andrew Williams
2
I never forgot that lesson. In fact I consider it to be the most valuable of my entire college
experience. I was hooked for life but it took me a few years to start investing on my own.
My very first real estate investment property was an 8-unit apartment
building.Purchase price was $235,000 and used ZERO of my own money. That’s
right…$0 of my own dollars. Better yet, I refinanced it 1 year later, paid off my partner and
put $25,000 in my pocket. I still own this investment property and do not have partners,
any of my own money in the deal and have $25,000 in my pocket. What’s
even better is the $2000 per month in positive cash flow. Over the years the
value has gone up, and it has gone down but regardless of value that cash
continues to flow.
The lessons I have learned over the years have been extremely valuable to
me and I want to share them with you. I know that your chances of success
are much higher if I share my experience and systems developed over the
years. Seriously, if I can be successful at real estate investing, ANYONE can
be successful at it. Just follow a system and in a relatively short period of
time, you can be financially secure.
Does it take LUCKto be successful in this business? Or luck to find good deals? Do you
know the definition of luck? First of all, “luck” is just another four letter word and I have
eliminated it from my vocabulary. Luck is defined as “Opportunity meets Preparedness”.
It’s that simple. Ask yourself: Is someone with $1 million luckier than you? Or are they
simply in a better position to take advantage of an opportunity than you? As far as I am
concerned luck has nothing to do with it!
You have a very distinct and clear advantage over me when I started. What is your
advantage? You have me to show you what to do and how to do it. And something equally
as important, I can show you what NOT to do! It’s your choice. It’s your future. Eliminate
LUCK from your vocabulary. Never miss out on another opportunity. Get prepared!
“Luck is
a 4-
letter
word”
4. By: Andrew Williams
3
LEGAL STUFF
First, a word about NO MONEY DOWN: The “concept” of No Money Down should be
explained. This term is typically referred to as NONE OF YOUR OWN MONEY as in funds
from your traditional bank account. The strategies illustrated in this publication are
designed to structure transactions giving you control of the property with limited or
none of your own money. Some strategies require money but illustrate how to obtain
that money from alternate sources. This is still consideredaNO MONEY DOWN
transaction within real estate investing terminology.
The information contained in this publication is designed to be educational and
informative. It is intended to provide the foundation for a basic understanding and
principles of the subject matter it contains. The reader understands and acknowledges
that the author is in no way rendering legal advice, tax advice, accounting advice or any
other professional service. The reader acknowledges that there can be vast differences
between individual circumstances, state laws and property characteristics and that
strategies discussed in this publication are not designed to be applicable in every
scenario. If legal, tax or other expert advice is required, the services of a competent
professional properly licensed in your state should be consulted. The author has given
examples of actual cases and illustrations of profits, gains and positive cash flows. The
reader acknowledges that these examples are in no way a guaranty of profits or outcome
and individual results will vary.
The ideas, strategies and concepts of this publication are not presented as original or
new. These strategies have been used and practiced by many investors for decades. The
author has used many of the strategies covered and has compiled and presented them as
an educational reference guide and as an introduction to the subject matter contained.
Certain examples and references to transactions are actual while others are fictional and
for illustrative purposes only.
Reproduction of this publication in whole or in part without explicit written permission of the
author is a violation of copyright laws and will be prosecuted to the full extent of the law.
5. By: Andrew Williams
4
Table of Contents
Seller Involved Strategies
1. Owner Financing
2. Owner Equity Share
3. Subject To
4. Lease Purchase
5. Option
6. Trade or Exchange
7. Repair Allowance
8. Refinance with Seller Carry Back
9. Future Profits
10. Seller Keeps the Land
11. Future Income Pledge
Using your Network
12. The “Money” Partner
13. Private Lender Down Payment
14. Family Loan
15. Broker as Lender
16. Hard Money
17. Line of Credit
18. Signature Loan
Creative Finance Strategies
19. Land Sale Leaseback
20.Retirement Account Upgrade
21. Create and Manage an Entity
22.Tax Credits
23.Create a Note
24.Sell a Piece of What You Are Buying
25.Issue Stock
6. By: Andrew Williams
5
#1 Owner Financing
Owner financing is by far the most common way to buy property with no money down.
The concept is simple and assumes the owner is willing to finance either all or a portion
of the purchase price in lieu of receiving cash at the sale.
You might be surprised to find that many people own their properties free of debt or
have very small loan balances. Some of them are willing to finance the mortgage for you
to help accommodate the sale. Think of it this way; the seller is simply trading the cash
flow from operations to cash flow from mortgage payments. This is attractive to many
sellers for two reasons: 1st they no longer have to own or manage the property. 2nd they
may have tax advantages receiving monthly payments vs receiving a lumps sum of cash
at the sale. Both of these are good talking points for you when negotiating with the
seller and requesting them to carry the mortgage for you.
There are four common types of owner financing:
Certain Date Principal Payment: You are asking the seller to delay receiving
their proceeds from sale (their money). NOTE: You have not offered to make
monthly payments, simply requested the seller to agree to accept their money at a
later date.
Understandably, not very many sellers will be willing to accept this type of
financing. But all it takes id for one to say yes and you just hit a home run so ask
for it every time! Typically they will say no and request monthly payments so
refer to the next option.
Principal Payments Option: Notice in the previous paragraph I said
“monthly payments” and did not specify what kind? There are many types of
monthly payments and some are more beneficial to you, the buyer. The Principal
Payment Option is exactly that! You make payments of principal only, no
interest! So if a seller insists on having monthly (or quarterly) payments agree to
make payments of principal only. Simply take the amount owed, divide by the
term of the loan (20, 25 or 30 years) then divide by 12 to get your monthly
payments. Ask for the longest term you can get to have the smallest monthly
payment.
Example: $200K loan for 20 years (200,000/240) monthly payment = $833
$200K loan for 30 years (200,000/360) monthly payments = $556
Interest Only Payments: If the seller isn’t interested in making you a long term
loan, ask to make interest only payments and pay the principal balance off in a
7. By: Andrew Williams
6
lump sum at a later date. This is commonly referred to as a balloon note and
typically has a term of 3, 5 7 or 10 years. In this payment option, the term of the
loan does not impact the monthly payments, they remain the same. The reason
for a longer balloon period is to give you as much time as possible before you
have to refinance or sell the property to pay the seller their lump sum.
Example: $200K loan, 5 year balloon, 8.0% interest. (200,000 x .08 = $16,000 /
12) monthly payments = $1,333 for 60 months (5 years) After the 5 year
balloon period the note matures and the principal balance is due and payable
$200,000
Principal and Interest: This is also known as an amortizing loan. This means
that the monthly payment includes the interest due and a portion to reduce the
principal balance. This is how a loan (with interest) gets paid off. This type of
loan can be for 15, 20, 25 or 30 years OR it can have a balloon of 3, 5 7 or 10
years. If it is a balloon note, ask for the payments to be amortized over the
longest term you can get (typically 30 years) and will make your monthly
payments lower. When the note matures the loan will either paid off (amortizing
loan), or a lump sum principal balance will be due (balloon loan).
Example: $200,000 loan, 30 year term, 6.0% interest (you need a financial
calculator) Monthly payment = $1,478
#2 Owner Equity Share
Finding an owner willing to do an Equity Share is like finding an owner who is willing to
partner with you. The seller is willing to trade some of the cash they would get at closing
to an equity position in your property. Why would an ownerwant to do this? Maybe the
property isn’t in the best condition or it has been on the market a long time and hasn’t
sold. Some money is better than none. They are tired and just want out! You negotiate
an Owner Equity Share transaction.
Quite obviously this only works if the seller has equity in the property. The transaction
is structured like this: You create a new entity with the owner and you as partners. The
owner deeds the property into the new entity. The entity refinances the property with
the biggest loan possible and the cash from that loan goes to the seller. The remaining
amount of cash the seller did not receive (the difference between the loan amount and
your purchase price) is the amount of equity the seller has in your new entity and
represents their ownership percentage. An example will help illustrate this.
8. By: Andrew Williams
7
Example: Sales price $275,000. Current loan amount $75,000. Seller transfers title to
the property into the new entity and you get a loan from a bank. That loan is 80% of the
value (purchase price) which is also known as 80% LTV. The loan amount is $220,000.
The difference between the old loan and the new loan is $145,000 and that cash goes to
the seller. The remaining 20% or $55,000 ($275K purchase price - $220K loan) is the
percentage equity your new partner has in your entity.
The seller, who is now your partner has a 20% stake in your new business. This means
she is entitled to 20% of the cash flow and 20% of the value of the property. This is a
good deal for the seller as they will participate in your efforts to improve the property’s
cash flow and value. As both rise over time, the seller’s equity value also grows.
#3 Subject To
I always get asked the question, “subject to what?” This is a common term in both
residential and commercial real estate and simply means you purchase the property
“subject to” existing mortgages or debt. It’s as simple as that. The current mortgage
stays in the sellers name and the deed to the property is transferred to you.
This is a great way to take over a property with no money down. Most often this
technique is used when the seller or property is in trouble and not performing. You
negotiate to take over ownership of the property and responsibility for the mortgage
payments and expenses. The seller deeds the property to you in hopes they never have
to deal with the property again. As long as you can operate it and make the payments,
they won’t. The loan remains in the seller’s name; you are simply making the payments
going forward. You can make payments directly to the lender, or set up loan servicing
through a division of most title companies to do this (highly recommended). Typical
servicing fee is $25/month and they handle payment distributions, monthly statements
and annual accounting.
#4 Lease Purchase
A lease purchase is a solid strategy that isn’t widely out of the box. The term is familiar
to most people so it doesn’t intimidate them. This gives you a better chance of
negotiating a transaction and getting control of the property. In the lease purchase, the
due diligence is the same as for a straight purchase and the strategy is similar to a
Subject To. You lock in a purchase price, but also execute a lease with the seller and you
operate/manage the property from them for some specific (or open) period of time.
9. By: Andrew Williams
8
Since this is a lease, no down payment is required. The seller gets out of the day to day
ownership or management issues, does not have to transfer title (yet), and receives
constant monthly cash flow. You agree to take over the property as-if you were the
owner, responsible for everything including insurance and taxes, maintenance and
improvements, leasing and evictions. At some point in the future you complete the
purchase and become the owner of the property. Obviously in this strategy, (if you have
negotiated it in your contract) you can assign the property to another buyer or sell it
outright and do an ABC close keeping the difference between your price with the seller
and your higher price with the new buyer.
#5 Option
This strategy is very similar to #4 Lease Purchase except in this strategy you have an
option to purchase, not an obligation to purchase. This is a “try before you buy” strategy
and is one of my favorites. Have you ever bought something and after a few days or
months wish you hadn’t? When it comes to large transactions in a new endeavor, the
“option” can be very powerful. Some people are afraid to venture out and put deals
together because they lack knowledge, skill, experience or education. If you had an
“escape clause” would you be more likely to give something a try? Options can be
structured in many different ways.
I like this strategy a lot. It was my “go-to” when a big hotel deal I was doing in
Albuquerque NM started to go sideways. I had the property under contract for $2.1
million and the seller was going to carry. I was buying it subject to. I had arranged for a
20% down payment using #13 Private Lender Down Payment and when it came time to
close the transaction; my large investor could not produce the funds. I was at the
closing table with only ½ the down payment. We all looked at each other and I
suggested a Lease Purchase with Option and at first the seller said no and we all went
home. A few weeks later, they asked if I was still interested and within a few days I was
the proud “operator” of a 125 room hotel in Albuquerque.
#6 Trade
This technique is exactly what it sounds like. You can trade anything of value for
anything else of value. According to very specific tax codes, you can trade properties
and avoid (delay) paying taxes on capital gains (known as a 1031 Exchange and a
completely separate training session). If you are interested, there is a nationwide
10. By: Andrew Williams
9
association of real estate “exchangers” who specialize in negotiating nothing but real
estate trades.
Anything you have of value, equity in other real estate, cars, notes receivable, personal
property (gold, jewelry, art etc.) even services you can perform can be used. Get creative
and ask the seller if they would be willing to trade you their property for your valuable
item. You never know what they might be willing to do.
#7Repair Allowance
The repair allowance is something you should be asking for in every property you
acquire. But investment real estate like commercial or multifamily it is very common
practice. During your inspection, you document every repair needed and attach a cost
to that repair. At the end of your list is a number you should be asking the seller to give
to you at the closing. This is money you did not previously have and can be applied
toward the down payment, closing costs and repairs of course.
Example: Purchase a 12 unit apartment building and your inspection uncovers lots of
things including a leaky roof, old dirty flooring, old appliances in disrepair, A/C heating
units in desperate need of service or replacement etc. The average repair is $5,000 per
unit so you ask for a $60,000 repair credit at closing. I have seen this happen on
$200,000 purchases and the repair credit is more than enough to cover the down
payment, closing costs and some of the needed repairs. Regardless of the strategy you
are using, this technique is something you should use every time!
#8 Refinance with Seller Carry Back
This technique is very similar to the Equity Share Owner but the seller holds a second
mortgage instead of equity as a partner. It works like this: You follow the steps in the
Equity Share structure up to the part where the seller has an equity stake in your entity.
Rather than ex: 20% equity, the seller has a second mortgage for 20% ($55,000 in our
previous example) and receives some structured repayment (one of the 4 types of Owner
Financing) This strategy will save you lots of money in the long run since you are not
giving up 20% of the cash flow and 20% of the equity!
11. By: Andrew Williams
10
#9 Future Profits
This is a very straight forward negotiation. Similar to, and can be used in conjunction
with the Subject To strategy. If you have a seller who is in trouble but still not willing to
walk away and just let you take over, try this technique. Tell the seller that the property
is in trouble, and you are not willing to give them anything in its current condition.
However, if they agree to sell to you and let you operate and improve the property, they
can be entitled to a piece of the property’s future profits.
This is a negotiation of course and you need to do your best to give away as little as
possible. Also be sure to “define” what they will get in the future if and when profits are
generated. Do they get a percentage or fixed amount of any sale proceeds, monthly cash
flow, or both? It’s your efforts that will generate the future profits so don’t give too
much away. But something I always say is 50% of something is better than 100% of
nothing. If you don’t make this deal happen with the seller, you will not have an
opportunity to generate profits or cash flow. Negotiate wisely!
#10 Seller Keeps the Land
This is a creative way to get a property under control quickly and give the seller a solid
piece of security…the Land! The land and its improvements (the income producing
building) go together of course, but you can negotiate with the seller to “lease” the
building from them and operate the business to generate income.
The strategy involves a negotiation with a seller and establishing a value (typically the
purchase price) for the entire property. Then you determine what the value of the land
is void of any improvements. This can be done by obtaining an appraisal or looking at
comparable land sales with the same zoning and usage. As a rule of thumb, land is
typically valued at 20%-25% of total value. **NOTE This can change dramatically if the
property is in a HIGHLY DESIREABLE location like beachfront for example.** The
seller gets out of the responsibility of property management and receives lease income.
You operate the property and receive the income and depreciation with no down
payment by assuming the existing mortgage.
12. By: Andrew Williams
11
#11 Future Income Pledge
In this strategy, the seller will agree to receive their down payment at a later date. The
down payment can be made in payments or as a lump sum. This requires you to have
something you can use to pledge or promise the seller to assure your performance. For
instance, if you have income from a job or other investments that generate cash flow,
you can have your bank autodraft your account and make payments to the seller until
the down payment is made. Another example is if you have an asset for sale, you can
pledge the future proceeds as collateral and take over ownership of the property right
away while delaying the down payment until your asset is sold.
#12The “Money” Partner
This is one of my favorite strategies and one that I use most frequently. I am constantly
looking for income properties and simultaneously looking for Money Partners. It is the
conversation I am constantly having with both friends and new acquaintances.
Remember my favorite saying? “50% of something is better than 100% of nothing.”Both
new and experienced investors are looking for good opportunities and few are better
than real estate. I can talk on this for days so I will save the narration for another day
and get to the strategy details.
You find a suitable property and get it under contract. Put together a funding package
and present it to your potential money partner for review and approval. The basic
premise of the money partner is they put up the money to acquire the property and you
provide everything else. You find the property, vet the property, manage the asset post
acquisition including accounting and taxes, handle distribution of income and eventual
disposition of the property. For this arrangement I typically get a 50/50 partner. Since
this is a negotiation with your money partner, you can try to get more favorable split but
for illustrative purposes I use 50/50.
Some money partners will request interest on the money they contributed. If this is the
case, I agree but reduce the ownership split to 60/40, 70/30 or even 80/20 if I can get
it. I try to emphasize the value of my services as equal to the money they are
contributing so that they don’t insist on getting interest on their money. If they do insist
on getting interest on their money, I typically negotiate the next strategy.
13. By: Andrew Williams
12
#13 Private Money Down Payment
This is a simple strategy. Find someone willing to put money up for the down payment
in return for interest payments. Record them in a second lien position and negotiate a
term as long you can (5, 7, 10 years if possible). The interest rate will typically need to
be double-digits to find anyone interested in doing this but in my opinion, they become
a cheap partner!
Example: Purchase price $250,000 Bank will lend you 80% which is $200,000. You
will need to borrow $50,000 from a Private Money Lender and record their loan in 2nd
position. The interest on the bank loan will be 5%-6% on $200,000 and the Private
Money Lender will likely want 15% or more. These are typically interest Only loans so
the payment would be $50K * 15% (50,000*.15) = $7,500 / 12 = monthly pmts $625
#14 Family Loan
Most people have someone in the family with some money. You would probably never
think about going to them and asking for a loan. But what about asking them to partner
with you in a real estate investment? Sounds a lot better don’t you think? There are so
many ways to structure this kind of deal. I suggest starting small and see where it goes.
The most common ways to structure the deal (depending on how much money they are
willing to participate with) is to borrow the money from them for the down payment as
in strategy #11. As a family member they are typically willing to accept interest rate less
than 15% too. But I would give them options and let them pick the one they like best.
Examples:
Option 1 Private Money Lender at 12% interest for 10 years
Option 2 Private Money Lender at 7% and have a 5% equity stake
Option 3 Money Partner structured so you can buy them out some day
Option 4 Hard Money Lender provides short term loan at high interest until you can
stabilize the property and refinance it
14. By: Andrew Williams
13
#15 Broker as Lender
If you are working with a power broker, you know the type? They could be your next
partner! What better partner to have than someone in the know, connected and savvy.
Many of them have investments already and have money looking for a good opportunity.
Get your broker to find you a deal so good, they want to be in the deal too. Not only
would they help find a great deal on a great property but hey can contribute their
commission to the down payment. They are also very well connected so they can come
up with the rest of the cash, get great financing terms, and property management lined
up. You may need to come up with a little cash of your own in this scenario, but even if
you had to beg or borrow (never steal) to get it, this is the kind of deal you don’t want to
pass up.
#16 Hard Money
You are probably familiar with Hard Money in a residential real estate capacity. Well it
is the same for commercial properties. The loan is short term usually 6-12 months but
can be longer depending on the size of the property and the scope of work. The interest
rate and points tend to be higher than traditional financing but they lend off of after
repair value (ARV) and aren’t too concerned about your personal credit score as much
as the property specifics and income potential.
Mezzanine financing is a commercial real estate term you will likely hear. What is it?
Think of the “mezzanine” level in a theater or sports complex, it is the small area above
the main seating area but typically with great views. In loan terms, a mezzanine (
akamezz loan) loan is in 2nd position to a first or senior loan. Mezzanine lenders will
lend quickly, with little due diligence but require a higher interest rate AND terms of the
loan give them instant ownership if you default. This is definitely a source of funding
you may consider, but make sure it’s the right property and the right circumstances.
#17 Line of Credit (LOC)
A line of credit is one of the best sources of capital you can obtain. It is typically secured
by some asset you own, real estate, bank CD, business assets and/or cash flow. Because
it is secured, it can be fairly easy to get as long as you have good credit or your business
is established or profitable. The interest rates can be very reasonable since the loan is
secured by an asset and the money can be used for ANYTHING! When you pay the line
of credit off, it usually stays open. This means that the money is there for you to borrow
15. By: Andrew Williams
14
again as needed. With good usage payment history, the bank will often raise your limit
over time giving you more access to cash.
A personal line of credit will rely on your credit and requires personal recourse. If you
default, your credit will be affected and the lender can come after you personally for
repayment.
A business line of credit is based on your business. The lender may or may not require
your personal guaranty. If they do, a default will look the same as a personal LOC. If
they do not, (this is the preferred option and I will often agree to a higher interest rate if
I don’t have to give a personal guaranty) you have obtained one of the most highly
sought after loans lenders offer. Many investors will create and operate a business for
the sole purpose of obtaining a business LOC without a personal guaranty.
#18 Signature Loan
This loan is pretty much what it sounds like. Many loans decades ago were signature
loans. It is the highest level of bank and borrower relationship. It requires the borrower
to have excellent credit, assets, job stability and bank relationship. The loan literally
means that you walk into the bank, request a loan, they approve you with just your
signature on the loan document where you promise to pay the money back. Many terms
used today came from old lending lingo. Ex: A “promissory note” is the document
where the borrower “promises” to pay the loan back.
Because the loan is not secured by any asset, the interest rate tends to be higher than
secured loans. But based on your relationship to the lender, terms of the loan can be
negotiable. It never hurts to ask!
#19 Land Sale Leaseback
This strategy involves some creative negotiating and requires a seller to be open minded.
If you have all the players in place ahead of time, it can go down pretty easy. If not, it
can take some time and try some patience. The Land Sale Leaseback starts with you
getting the property under contract. (the property needs to be land and improvements,
not just land) You want to have a contingency in the contract allowing you to find
someone who is interested in owning the land portion only with the intention of leasing
it back to you as you are operating the business portion of the building. If you can do
16. By: Andrew Williams
15
this all subject to the sellers current financing, or get the seller to carry the financing if
they own the property free and clear even better!
The closing is structured so that the land buyer puts his money in escrow. That money
is used as your down payment to complete your purchase and the money goes to the
seller. Now you own the building and the business and you lease the ground it is on
making monthly (or quarterly) lease payments to the land owner.
Example: purchase price $275,000. You find someone (investor) to buy the land for
$75,000 and lease it back to you. You give that money to the seller. The seller deeds the
property to you and you deed the property to your investor who then executes the land
lease to you. You own and operate the business and pay the mortgage payment to the
seller and the land lease payment to your investor. You also get to depreciate the
building and write off the lease payments. Mortgage payment are not a write off but
lease payments are!
#20 Retirement Account Upgrade
I like this option because it educates so many uninformed people. I call it this because it
really does “upgrade” someone’s retirement account. It still amazes me how many
people are unaware that self-directed IRA’s can be invested in real estate. The easiest
version of this investment is by lending the money to a qualified borrower secured by a
note and trust deed. Refer to IRS code 408 for more details on prohibited assets (such
as life insurance and art) and prohibited transactions (like lending the money to you).
As a source of potential money for you to use in real estate investments, there are
literally tens of millions of Americans with over 1 trillion dollars in retirement accounts
and less than 7% know that they can invest that money in alternative assets like real
estate. When you consider the average annual return in these accounts is less than 5%,
how many people would be interested in earning 10%-15% in real estate secured
investments? You only need one person to start with!
#21 Tax Credits
Our fine government at work and perhaps it works in our favor this time. The
government provides tax credits to property owners who provide housing to low and
moderate income tenants. You can take those credits and sell them to corporations
looking to reduce their taxes. This money can be used as a down payment on the
17. By: Andrew Williams
16
property you are purchasing or for the next property you want to buy. Sometimes the
credit can be large enough that you can buy several properties.
#22 Create a Note
You have the ability to borrow money on anything you own with equity. If a bank won’t
lend you the money, there are people out there who will. If you are trying to purchase
an investment property and you need to have a down payment, you may be able to
borrow the money from the seller by offering a second mortgage on your home or other
real estate you own.
If the seller is insistent on getting cash and moving on and you are having a hard time
finding a private money lender or money partner, consider sweetening the deal by
offering additional security in the equity of other assets. Simply create a note spelling
out the terms of the loan and the security.
#23Sell a Piece of What you are Buying
You have to LOVE the investor who came up with this one. Do you remember the movie
Pretty Woman? Edward (the character played by Richard Gere) is a rich, ruthless
businessman who specializes in taking over companies and then selling them off piece
by piece. The premise is simple; sometimes the individual pieces are worth more than
whole. If you can get a property like this under contract, you can sell off a piece or two
and take that money to pay cash for the remaining part (or at least a down payment)
that you want to keep. Or sell it all off in pieces and pocket the excess cash!
Example: A church in Scottsdale AZ has out grown its current location and finding
something bigger isn’t as much a problem as finding a way to pay for it. They found a
fairly modern but vacant car dealership with 7 total acres of land. They only need 3
acres and that contains the building and plenty of parking. The 4 acres to the rear of the
property is perfect for a developer who wants to build a luxury condominium complex.
The church is in escrow for the purchase of the 7 acre property for $5 million dollars and
is in escrow with the condo developer to sell 4 acres…are you ready for this? $1 million
dollars…per acre! The church will only have to pay $1 million for their new facility.
They were even able to get the condo developer to pay for all the closing costs and title
and zoning fees to get everything re zoned and platted.
18. By: Andrew Williams
17
#24Create and Manage an Entity
This one can be a little more involved to get it going, but once you understand it and
have it going, it can be one of the best strategies for Zero Down. It is typically done by
forming an LLC for a partnership of investors. **Check with your state laws on this one
as it needs to be structured right or it could be deemed a security**The LLC should not
have more than 10 partners. Each partner’s ownership percentage (based on money
they contributed) and an operating agreement will spell out the basics and any
competent legal professional should be able to help you create this. You are always a
member of the LLC and in lieu of contributing cash;you find the property, structure and
form the LLC, assemble the partners and manage the asset.
Example: I have several behavioral health properties in Phoenix AZ. I have structured
them using this strategy. I have 7 partners who contributed a total of $350,000 cash
and we bought the facility (it’s a 5 bedroom house) with the cash each partner
contributed. I structured the deal so I am a 10% partner. I get 10% of the cash flow,
10% equity and 10% of the proceeds when it sells. I also got paid a $10,000 acquisition
fee at closing. This strategy is a little more involved, but can you see why I like it?!
#25 Issue Stock
Based on the title of this strategy you can already tell that a corporation must be formed.
To make it work in the context of a Zero Down strategy, you issue stock in your company
to the seller of the property for their equity. It solves their property management
challenges and starts a real estate business for you. The seller now has an equity
position in your company.
Example: Buy a property for $225,000. The seller owes $150,000 and has $75,000 in
equity. You issue them stock in your corporation worth $75,000 and the corporation
owns an asset worth $225,000.
19. By: Andrew Williams
18
Closing
This list can change. Different strategies work at different times, places and conditions.
Knowing or at least being familiar with the different strategies gives you more tools. If
you only had a hammer in your tool box, then you are only hammering nails. But if you
have a tool box full of tools, you can handle anything that comes your way.
To eliminate LUCK from your vocabulary, you must be PREPARED to meet
OPPORTUNITY!
Another one of my favorite sayings is “ABLE” Always Be Learning. Now go be
successful!
About The Author
Andrew Williams grew up in Northern California and received a Bachelor’s Degree in
Business and Finance from California State University Chico. He is a consummate
entrepreneur and loves the freedom and challenge it brings. Drew is a full time father of
two incredible teenagers Madison and Myles and enjoys cooking, travel, golf and real
estate of course.
Drew is an active real estate investor with a portfolio of rental properties across most
asset types. He buys and sells real estate, structures real estate finance models and
enjoys speaking, teaching, coaching and mentoring real estate investors of all experience
levels.
Andrew Williams is a Real Estate Investor, Coach and Mentor. He has helped hundreds
of people nationally become successful or reach the next level in real estate investing
business. If you are interested in working with Drew, he can be reached at the
following:
Email: AndrewWilliamsCRE@gmail.com