Free And Clear Houses are the Solution to the Current Credit Crisis
Are you frustrated with all the red tape Banks are now requiring. Are you having difficulties getting a bank to to even look at your application for a Real Estate Investment? Do these excessive Bank loan requirements make you cringe and want to just give your Real estate Investment Career up and go get a JOB again? Sine the Credit Melt Down, Times have gotten tough for anyone wanting to get a loan from the bank. But there is good news. You don’t have to put up with this anymore. Hope is on the horizon. Change comes in form of a new strategy that was designed for this market. But you do need to be willing to change strategies if you want to to not just survive in this economy but thrive beyond your expectations.
Although there are Dozens of Real Estate Investing Techniques and Strategies, most of the real estate Investors out there really focus on one or more basic money making strategies. Any of these are focused on answering one or many of the following fundamental business questions: - Who and what kind of property (or seller) will you focus on? - How will you be able to buy these properties (and from these Sellers)? - How will you fund the transaction? - How will you dispose the property (or rent it)? These four critical results areas are the ones you must decide on before getting into any deal in order to make this business of real estate investing profitable.
Most investors use one of the four most well known strategies in the Real Estate Investment world. Is yours one of these?
Ugly House (Fix and Flip) Buying subject To and selling with Lease Option Wholesale (buying ugly or pretty houses and selling them wholesale) Pre-foreclosure and REO (Short Sales and Bank Owned properties)
All of these money making strategies have worked well for years and made many an investor rich. Unfortunately, in today’s market they all have a significant weakness. Gone are the liar Loans. Sub-prime Loans have gone away. No job, no problem; no money, no problem remember those days? Well they are extinct. These loans may have helped enrich many sellers, but the buyers that got stuck with these loans have fallen pretty hard.
FHA Loans are still around but they are for sure handouts. You will need to meet ratios now. Plus you are dealing with Increased Lender Requirements. Now you need full documentation and must meet stringent income and debt ratios. Even Bank Loans to Investors (Investor Loans) are all but gone. And if you find a bank willing to give one of these, they are prohibitively expensive. Sp what should we as investors do? Its time to adopt a new, better and more timely strategy.
- One invented and custom fit just for this credit collapse. - A No banks involved strategy. - A Investment Method that requires you to work less and make more profits buying and selling real estate (without banks). (Freeandclearcashflowmachine dot com ) This Briliant strategy created by Master Investor Richard Roop has been proven in over 107 different markets all over the country. And her is the secret. Right now, In this Credit Crunch and market Meltdown the best way to a successful Real Estate business in the houses area is to target houses with high equity (almost paid off) or Free and clear Houses (or land). With this Strategy you offer the seller what they are asking for (or close to it) but you demand your terms, which includes Seller Financing. They get what they desire and you accomplish to buy the property with seller financing, where the seller becomes the bank. And then as your exit strategy you now can either sell the house on a wrap, do a lease with an option to buy or just rent it our for ongoing cash flow. And the absolute beauty here is that the way Richard teaches you to design this, you are able to extract substantial tax-free cash out the day you close on the property (when you buy). That’s correct, you don’t even need to get rid of the property to get your payday. And the best, All the problems with banks are history, because there are no banks allowed! How wonderful is this?
Once you have understood and tested this strategy, the world never look the same. As a matter of fact this is so powerful that the worse Main Street and Wall Street are doing, the real estate entrepreneurs who employ The Ultimate Strategy are doing. To get more details and free articles and videos on Richard Roop and his “Free and Clear Cash Machine” please proceed to click on the link below at the end of this article.
Jack Bosch on June 30th 2009 in Real Estate