| MEMBER REVIEWS | "This was the best $20 I ever invested in my life! Anyone who say's different, knows nothing about creative Real Estate. If you're not comfortable with asking for the deed, then buy this E-Book and Derrick will show you how It's done! It's that simple. Land Trusts.... who knew? Thanks Derrick!...Read More"
- Riggs
| "I don't expect much for $19.95 and that's exactly what I got! Not much! This ebook is unbelievably short, disorganized, and full of fluff. It's merely a weak attempt at soliciting ground partners. There is no real explanation of what an equity holding trust is or how to put one together. The term "tenant-buyer" is repeatedly used incorrectly s...Read More"
- rebelhomes
| "The poorest font I have ever seen in a .pdf file.
After you get by the font you have to fight to understand the grammer and spelling.
After that if you can follow the flow and gain one new concept, good luck.
He starts out by saying the best $19.95 you will ever spend. I say I am glad to know that I will never buy anything from this author agai...Read More"
- fkennedy
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My name is Derrick Ali. I'd like to share with you some little known ideas you can profit even on small (or no equity) Pre-Foreclosures and make between 30% and 50% of our purchase price on them in 3-5 years! This is known as the ‘Equity Hold’ technique for deals using Land Trusts.
We use a "Simple Technology" that allows us to make money even on no equity and negative equity deals other investors usually throw away!
Our answer is to first, make sure we are dealing with a Truly Motivated Pre-Foreclosure Property Owner. The eBook explores several MARKETING MethodsTo QUICKLY ATTRACT the Right Owners and only work with them. thi is the basis for successfully building a consistent stream of Leads (aka Deal Generation System)!
See the SHOP feature on TCI regarding our other ‘Quick Start’ series eBooks!
I am certain that this will be the Best $19.95 You’ll Ever Spend To Learn the expert strategies For Finding Motivated PFL Owners Who'll Just Give You Their Property!
In my combined eBook Series I Reveal SECRETS like:
1- What to Say to the bank & how much they want to reinstate the mortgage
2- Buy the property "Subject to" the existing mortgage loan
3- Why Place the property into a Land Trust for the owner(in their name NOT Yours)
4- Finding Motivated Buyers, have the trust sell the property to them on a lease purchase for 3-5 years at a price 10-20% more than you did!
If the Tenant-Buyer is truly Motivated, they'll be so thrilled to be able to buy a house at last, despite not being able to qualify for a bank mortgage under ordinary circumstances he will gladly pay a higher purchase price, which of course means higher monthly payments. I’ll even show you how to sell the Tax deductions to the Tenant-Buyer in the Land Trust!
Just choose someone who has enough cash for a 5 or 10% down-payment in order to cover these items:
1- Pay the mortgage arrears to reinstate the mortgage...
2- Pay to set up the trust costs...
3- Cover escrow, closing cost
4- Pay you an upfront Profit too!
Learn how to structure a positive cash flow every month on the difference between the mortgage payment the lender gets, taxes, Insurance and what your buyer pays over and above the PITI.
Learn how to make backend cash when the lease by the Trust terminates, usually 10-15% or so over and above the properties purchase price you agreed to with the PFL owner.
More PROFIT CENTERS:
1- Collect a (locator) fee from the owner for your services
2- Make 50% of the equity buildup during the lease period
3- Make 50% of the appreciation, if any during the lease period
4- Get the Tax Write Off for depreciation during the lease period
Notice with this approach, you have not used any of your own money, you have not had to qualify or even undergo a credit check, you have no legal liability for the mortgage payments (although you do have an ethical obligation to make the payments or you will hurt the original seller and the new buyer!)
In fact, you have gotten this property for free! How many of these deals could you do?
Added: 18-Sep-2002, Views: 14255 |
