Secrets of Buying and Selling Real Estate...: Without Using Your Own Money!

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9780471449249: Secrets of Buying and Selling Real Estate...: Without Using Your Own Money!
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An expert guide to the ins and outs of real estate financing

Secrets of Buying and Selling Real Estate . . .Without Using Your Own Money! is the definitive insider's guide to traditional and creative (yet legal and ethical!) real estate financing.

In understandable, step-by-step language, it walks you through explanations and examples of conventional real estate financing so you understand clearly how most financing works. It examines all the available creative or unusual financing strategies that seasoned investors and homebuyers use every day to buy and finance properties. Drawing on his long experience as a successful real estate investor, Robert Shemin spotlights the advantages and disadvantages of various types of mortgages, terms, and financing strategies so you know all your best options. He also includes informative material on how credit scoring works and understanding credit ratings and credit problems that could scuttle your loan. Offering proven techniques, expert tips, and creative alternatives along the way, Shemin details every important aspect of the financing process, with in-depth discussion of topics such as:
* Owners' terms
* Contracts for deed, land contracts, and lease options
* How to use partners or cosigners
* How to get approval after a mortgage company turns you down
* How to buy property even if the bank says "no"
* Creative ways to obtain down payments, getting the seller to contribute using nonprofit programs

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About the Author:

ROBERT SHEMIN, JD, MBA, is the author of the Wall Street Journal bestseller Secrets of a Millionaire Real Estate Investor and the Wiley title Unlimited Riches. A nationally recognized real estate expert, he has been featured in BusinessWeek, as well as on Montel Williams, National Public Radio, the USA Radio Network, the Business Radio Network, and more than fifty nationally syndicated talk-radio programs.

Review:

"...As a writer, he uses clear, persuasive and accessible language..." (Miami Herald, October 13, 2003)

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