Are you having difficulties getting a bank to issue you a loan for a Real Estate Investment (even if it is your own home)? Does having to come up with excessive Bank loan requirements got you down? Times are tough for anyone wanting to get a loan from the bank since the credit melt down. But hope is on the horizon. And Hope comes in the form of a a new and different strategy. You MUST adjust your strategy if you want to survive in this economy. But if you do adjust your strategy you may not only find that you survive but but it may lead you to rewards beyond your expectations.
All real estate entrepreneurs, whether they know it or not, employ one or more basic money making strategies. A strategy answers the following fundamental business questions: – Who will you market to and how? – How will you buy from them? – How will you fund the transaction? – How will you sell or occupy the property? These are the four critical results areas that you must be an expert at in order to make this business of real estate investing profitable.
In the Real Estate Investment World there are 4 main strategies the overwhelming majority of investors use. Is yours here?
Fix and Flip Houses Selling with Lease Option and buying Subject to Buying ugly or pretty houses and selling them wholesale to other investors Short Sales and Bank Owned properties (often combined with the one other method)
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 created and designed just for this credit collapse. – A strategy that does not rely on banks. – Its time for a strategy that you work less and make more buying and selling real estate without banks. This Ultimate Strategy created by Richard Roop is successful in 107 different markets across the country. Right now, In this economy and this Market. The key to the strategy is to target houses with high equity. Richard and Dan call them Free and Clear, but the houses could have a small mortgage balance and still work. We offer the seller their price, our terms. They get what they want, we get the seller to be the bank and now we can sell the house on a wrap, lease option or just rent it. The magic is, the way they teach you to structure it, youre able to pull tax-free cash out on the day you buy it. Thats right, you dont even need to sell it to collect. And theres no banks allowed! How sweet is this?
Once you have this new strategy, the world will look different immediately. In fact the worse it gets on Main Street and Wall Street, the better it gets for real estate entrepreneurs who employ The Ultimate Strategy. For more information and free articles and videos on Richard Roop and his Free and Clear Cash Machine please click on the link below at the end of this article