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REAL ESTATE BUYING THE EASY WAY SUBJECT TOO DEALS

You have been lied to all your life . You don’t need a big down payment or excellent credit to by a house you can take over another’s home owners payments . This is called Buying the house subject to.

What is “Buying Subject To”? subject too the existing mortgage. ” Buying subject to” means purchasing a home with the existing mortgage still in place. Instead of the seller paying off the mortgage at closing, the buyer agrees to take over the seller’s mortgage payments. The buyer is not personally assuming the loan but rather continues making payments on the existing mortgage while the loan remains in the seller’s name. How Does It Work? Seller’s Mortgage Stays Active: The original mortgage remains under the seller’s name, but the buyer takes over the responsibility for making monthly payments. Part of the Purchase Price: The unpaid balance of the mortgage is factored into the purchase price. For example, if a house sells for $300,000 and the existing mortgage balance is $200,000, the buyer would be responsible for paying off the mortgage balance of $200,000 and would need to come up with $100,000 to complete the purchase. Why Would Sellers and Buyers Choose This? For Sellers: It allows sellers who are underwater on their mortgage or facing foreclosure to transfer responsibility without having to pay off the loan. It also offers a faster sale since buyers don’t need to secure new financing. For Buyers: Buyers can benefit from assuming a loan with a favorable interest rate that may no longer be available. They may also avoid some of the closing costs and time involved in getting a new mortgage.

The Magical World of Real Estate Wholesaling

Imagine a world where you can make money in real estate without actually owning any property. Sounds like magic, right? Well, welcome to the enchanted realm of real estate wholesaling! Here, wizards of negotiation and masters of market magic conjure profits out of thin air by acting as matchmakers between sellers and buyers.

The Wholesaler’s Quest

The journey begins with a quest for the perfect property—often a distressed or undervalued gem hidden away, waiting for a hero to rescue it. Our brave wholesaler enters into a contract with the property owner, usually for a price that’s a steal (in a good way, of course). The goal? Find a buyer willing to pay a higher price for the contract, and voilà! The difference becomes the wholesaler’s treasure, typically a tidy sum ranging from 5% to 10% of the property’s price.

The Low-Cost Adventure

One of the most appealing aspects of wholesaling is that it’s a low-cost adventure. You don’t need a treasure chest full of gold to get started; just a small earnest money deposit will do. This makes it a fantastic option for those who want to dip their toes into real estate investing without breaking the bank.

The Skills of a Wholesaler

But beware, young adventurer! Success in wholesaling requires a few magical skills. You’ll need to be a master of finding hidden gems, a wizard of negotiation, and a network ninja with a list of eager buyers at your fingertips. It’s a fast-paced game that demands quick thinking and a deep understanding of the market.

The Legal Enchantment

While real estate wholesaling is generally legal, it’s crucial to know the local spells and incantations—ahem, laws and regulations. As the popularity of wholesaling has grown, it’s become a popular way for many to join the real estate party without needing a massive down payment.

So, if you’re ready to embark on a thrilling adventure with minimal risk and potentially high rewards, grab your wand and dive into the whimsical world of real estate wholesaling!

Welcome to the Wonderful World of Real Estate Bird Dogging!

Imagine, if you will, a magical realm where intrepid adventurers roam the streets, armed with nothing but their wits and a keen eye for hidden treasures. These brave souls are known as “bird dogs” in the enchanted land of real estate investing. But fear not, dear reader, for these are not actual canines sniffing out feathered friends. Oh no, these are clever humans on a quest for something far more exciting: property deals!

The Bird Dog’s Tale

Once upon a time, in a neighborhood not so far away, a plucky bird dog named Penny set out on her daily adventure. With a spring in her step and a twinkle in her eye, she scanned the streets for signs of distressed properties, foreclosures, and other magical opportunities that might catch an investor’s fancy.

As Penny rounded a corner, she spotted it – a slightly shabby house with an overgrown lawn and a “For Sale by Owner” sign leaning precariously in the front yard. Her bird dog senses tingled! This wasn’t just any old house; this was a potential goldmine for the right investor.

The Investor’s Best Friend

You see, dear reader, bird dogs like Penny are the unsung heroes of the real estate world. They don’t buy properties themselves – oh no, that would be far too ordinary. Instead, they use their mystical powers of observation to find promising leads and pass them on to investors, much like a loyal pup fetching a stick for its owner.

And the best part? These clever bird dogs get rewarded for their efforts! A finder’s fee here, a commission there – it’s like finding golden eggs without having to deal with the hassle of raising chickens.

The Magic of Bird Dogging

Now, you might be wondering, “How does one become a bird dog?” Well, it’s simpler than pulling a rabbit out of a hat! All you need is:

A pair of eyes sharper than an eagle’s
The determination of a bloodhound on a scent
A network of investors hungrier than a pack of wolves

With these tools in your arsenal, you too can join the ranks of the illustrious bird dogs, scouring the land for real estate treasures.

Bird Dogs vs. Wholesalers: A Magical Distinction

But wait! Don’t confuse our noble bird dogs with their cousins, the wholesalers. While both species inhabit the same magical forest of real estate opportunities, they have very different plumages.

Bird dogs, you see, are like friendly neighborhood scouts, pointing out the shiny objects to investors without getting their paws dirty. Wholesalers, on the other hand, are more like crafty merchants, actually putting properties under contract before selling them to investors faster than you can say “abracadabra!”

The Happily Ever After

As the sun sets on our whimsical tale of real estate bird dogging, remember that in this enchanted world, anyone with a keen eye and a bit of hustle can become a successful bird dog. So, put on your magical thinking cap, grab your metaphorical binoculars, and start hunting for those elusive property deals!

Who knows? With a little luck and a lot of persistence, you might just find yourself wagging your tail all the way to the bank. Happy hunting, future bird dogs!

December 25, 2017
ThemeGrill Team