How to Creatively Finance Your Real Estate Investments and Build Your Personal Fortune: What Smart Investors Need to Know - Explained Simply »

For years the traditional way to finance a real estate purchase was with a 5-20 percent down payment. Investing in real estate in this manner was a slow go, but things have changed with the release of this new book. There are now hundreds of different methods for creatively financing your real estate investments. Smart investors know the secrets to using other peoples money to finance their investments and now for the first time you can learn how to buy houses, lots, land, and commercial properties for nothing down and in some cases even receive cash back at the closing. These truly effective techniques are closely guarded secrets that are revealed for the first time. In this new book you will learn: how to negotiate with sellers, proven effective valuation techniques, how to use other people's money, use other people's credit, sell it before you buy it or pay for it, create positive cash flow, subject-to deals, over twenty nothing down scenarios, profiting from foreclosures, dealing with over-financed properties, working with judgments and liens, quit claim deeds, discounting mortgages and liens, lease options, wraparound financing and wrap notes, using trusts, self-directed IRAs, 1031 exchanges, create assumable loans, VA loans, options, and futures. The book also includes numerous tables, reference charts, and financial tools that one can use in analyzing and financing your investments while building your personal fortune.

Foreword     11
Preface     15
The Way Things Were Many Moons Ago     23
The Old Way of Doing Business     27
The Down Payment of Years Gone By     29
Dealing with Banks and Mortgage Companies     30
Interest Rates     30
Taking the Creative Road to a Better Approach     32
Finding the Perfect Property Using the Perfect Agent     35
Why Using a Real Estate Agent Works for Investors     36
Finding the Agent You Need for Your Goals     40
What to Expect from Your Real Estate Agent     43
How to Find the Best Property for Your Goals     45
What You Need to Know to Make Smart Investments     46
Do Not Touch That Bank Account     49
The Other Guy's Dough     51
Preparing Yourself for Smart Investing     53
Banks and Loan Officers     56
Finding the Best Property at the Best Price Without Using Your Cash     57
The Paper Trail You Need to Prepare     59
Living on Borrowed Dimes     61
Loans and Fees     62
Hard Truths     63
The Change Up and Breaking a Million     66
Negotiating with Sellers to Get the Financing You Need     71
Seller on the Fly and Investor on the Run     72
Selling Your Ideas to the Seller     73
Writing Winning Offers     75
Let's Talk Money     77
Looking at Your Options     78
Using the Investor's Money and Credit     81
Trump the Contrarian     81
Buck the System     85
Will That Be Cash or Credit?     86
Approaching Creditworthy Investors     89
Finding the Best Investors     90
Things to Know About Using Investors     91
The Investor-Investor Contract     91
Options Are Gold     93
Understanding Options     93
The Best Way to Use Options     95
Approaching the Right Seller with an Option     95
Things to Know about Options     96
The Best Option Contract     98
So You Want to Be a Landlord     101
Finding the Best Rental Properties     102
What You Should Know Before You Become a Landlord     103
Turning a Tenant into a Buyer     104
Things to Know About the Renting Business     106
Contracts You Need Before You Become a Landlord     107
Finding Deals in Vacation Rentals, Foreclosures, and Subject-to Deals     109
Smart Buying with Foreclosures     111
Finding the Foreclosure     114
Working with Foreclosures     114
How to Make Foreclosures Work for You     115
Things to Watch for in Foreclosures     115
Just a Word about Subject-to Deals     116
Smart Buying When No One Is Buying     117
Smart Buying Vacation Rentals     119
The Financing You Need     123
FHA and VA Loans     123
Assumable Mortgages     126
Wraparound Financing     127
Finding the Best Way to Finance the Property You Want to Buy     128
Where to Find the Money     155
Calling Off a Deal Going Bad     155
The Undesirable Properties     157
Dealing with Over-Financed Properties     158
Too Many Liens Can Be Advantageous to the Buyer     158
Working with Undesirables     159
Damaged-by-Reputation     161
How to Find the Money You Need     165
Where to Find the Money     165
Getting Money Out of Your 401(k)     170
Using Your Self-Directed IRA     170
A Note About Short-Term Loans     171
Bringing It All Together     188
How to Promote Sales     195
Selling When Everyone Is Selling     197
What Really Affects the Time to Sell     199
Where the Market is Today     200
Ask Questions     201
How to Finance Your Real Estate (to Buyers Who Want to Buy)     201
Finding the Best Approach     202
The Best Buyer a Seller Can Have     203
On the Contrary, I Am Speculating Successfully     205
The Contrarian Collects Real Estate, Not Dust     207
Speculating Successfully Using Purchase-Money Mortgages     209
Assumable Mortgages     210
Second Mortgages and Investing     211
Using Options to Speculate in Real Estate     212
Private Investors and the Contrarian     214
The Property Collector's Portfolio     215
Other Thoughts on Your Real Property Collection     217
Overpriced and Climbing     220
Shoulda, Coulda, Woulda     223
Conclusion     225
Glossary of Terms     227
Appendix     239
Before Closing As the Buyer     240
Home Inspection Checklist for Rental Properties and Handy-Man Specials     242
Sample Amortization Tables     244
Scenario 1     244
Scenario 2     247
Scenario 3     249
Scenario 4     262
Scenario 5     266
References     271
Author Dedication and Biography     273
Index     275