How to Acquire Cash Flowing Real Estate Investment Properties Without Banks or Boatloads of Cash
Buy very many cash-flowing properties with traditional methods and you could soon run out of cash or available bank financing. Buying them Subject to the Existing Financing and you can buy a lot more, without using banks or your credit.
The typical "Sub2 "deal involves having a seller deed the property to you while leaving the existing mortgage in place. There is no "formal" assumption of the loan, you just start making the payments. There are many variations to this type of deal.
Subject 2, The Good, The Bad, and The Ugly
The "sub2" method is William Tingle's personal favorite way of buying a property. It is fast, simple, and relatively easy to negotiate with a seller. Is it without risk? NO! There are hundreds of teachers, gurus, and mentors out there selling courses that try to sell this method as "Risk-Free!" "No Cash or Credit needed!" This is simply not the case. It is a fantastic method of acquiring real estate, but it must be done responsibly and with the proper education.
Get Them to Give You the Deed
This is a great way to build a portfolio for long term cash flow. Think about it, who gets better rates on a mortgage than a homeowner? Right now, in 2019, a homeowner with good credit can get a fixed-rate mortgage for about 3.5 to 4% interest! Imagine having your rental portfolio full of those deals!
How many of those do you need to give up the day job?
Where Will You Be in 5 Years?
William has his goals set for the next several years. Are yours?
Where do you see yourself in five years? Can you picture being there?
Are you willing to work hard enough to achieve those goals? These are the questions you should ask before jumping into any venture. If you want it bad enough, you'll take the necessary steps and have the commitment to stay the course no matter what.
To learn more, join William at MAREI in November, Get the details and reserve your seat at www.MAREI.org
Kim Tucker at MAREI