kaplan professional - financing secrets of a millionaire real estate investor - 2003

... but the fact is, this book provides the missing link between your desire for success 30 - Secrets of the Millionaire Mind the day you win your financial freedom. Then, by virtue of the law ... got my answer in the form of a TV commercial advertising the movie, which had at the end the usual tagline: “Now playing at a theater near you.” Another example of...

Ngày tải lên: 20/02/2014, 12:20

... and Clear” 5 How Financing Affects the Real Estate Market 6 How Financing Affects Particular Transactions 7 How Real Estate Investors Use Financing 8 When Is Cash Better Than Financing? 9 What ... 2 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Understanding the Time Value of Money In order to understand real estate financing, it is important t...

Ngày tải lên: 20/06/2014, 19:20

... 16 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR In addition, the county, city, and/or state may assess a transfer tax based on either the value of the property or the mortgage amount. ... fund. And, in many cases, loan approval is often given with conditions attached that must be satisfied before closing. 24 FINANCING SECRETS OF A MILLIONAIRE REAL...

Ngày tải lên: 20/06/2014, 19:20

... with a high LTV and/or negative cash flow on the property and housing prices fall, you are in for a world of financial hurt. 58 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR basically ... negotiated purchase price that is 10 percent to 20 percent below market value 62 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Key Points ã Lend...

Ngày tải lên: 20/06/2014, 19:20

... your cash. You can also take advan- tage of favorable interest rates because an owner-occupied loan is likely to have a lower interest rate than if you originated an investor loan. You can also ... $70,000 loan. Assumable Mortgages Some mortgages are assumable, that is, they can be taken over by a new borrower. Many people are familiar with the concept of an assumable mortgage, bu...

Ngày tải lên: 20/06/2014, 19:20

... loan within 5 days of sale Alaska Deed of Trust Power of Sale None Borrower can reinstate loan up to date of sale so long as a notice of defaulted has not been filed more than 2x in the past ... past Arizona Mortgage Judicial None Arkansas Deed of Trust Power of Sale Within one year California Deed of Trust Power of Sale None Colorado Deed of Trust Power of Sale...

Ngày tải lên: 20/06/2014, 19:20

... SAMPLE FORMS 161 158 APPENDIX C SAMPLE FORMS 175 SAMPLE FORMS 165 SAMPLE FORMS 163 172 APPENDIX C 176 APPENDIX C 162 APPENDIX C 164 APPENDIX C 170 APPENDIX C 160 APPENDIX C SAMPLE ... 160 APPENDIX C SAMPLE FORMS 159 174 APPENDIX C SAMPLE FORMS 169 168 APPENDIX C SAMPLE FORMS 167 SAMPLE FORMS 173 SAMPLE FORMS 171 SAMPLE FORMS 177 178 APPENDIX C

Ngày tải lên: 20/06/2014, 19:20

... for a portion of the rent to be 186 GLOSSARY unsecured loan A loan without collateral. A credit card is an example of a loan without collateral. Also known as a “signature” loan. VA loan A ... seller makes a guarantee or warranty that title is marketable and will defend all claims against it. wraparound mortgage A mortgage that is subordinate to and incorporates the...

Ngày tải lên: 20/06/2014, 19:20

... over ( known as “funding” a loan ) . Note that many lend- ers will give “preapproval” of a loan. Preapproval is really a half-baked commitment. Until a loan is approved in writing, the bank has no legal ... 16 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR In addition, the county, city, and/or state may assess a transfer tax based on either the value of th...

Ngày tải lên: 21/06/2014, 07:20

... subordination and substitution of collateral are two powerful tools to make you more money in real estate. 76 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR ã Copies of recent bank statements, ... don’t always assume that you need the depreciation deduction—always review the issues with a professional tax advisor before pro- ceeding. 78 FINANCING SECRETS...

Ngày tải lên: 21/06/2014, 07:20

... popular when interest rates were so high that commercial borrowers could not maintain positive cash 106 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR age real estate is an effective alternative ... previously in this chapter. The sale-leaseback has its drawbacks. If either party to a sale- leaseback is audited, the IRS may recharacterize the sale-leaseback as...

Ngày tải lên: 21/06/2014, 07:20

... spread and a hot housing market and your ability to make a profit grows exponentially. The Basics of Wraparound Financing In its most basic form, a “wraparound” mortgage, or “wrap,” is an arrangement ... collecting one payment and paying an underlying loan. 118 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR The concept of an assumable mortgage has to do...

Ngày tải lên: 21/06/2014, 07:20

... can reinstate loan within 5 days of sale Alaska Deed of Trust Power of Sale None Borrower can reinstate loan up to date of sale so long as a notice of defaulted has not been filed more than ... in the past Arizona Mortgage Judicial None Arkansas Deed of Trust Power of Sale Within one year California Deed of Trust Power of Sale None Colorado Deed of Trust Power of...

Ngày tải lên: 21/06/2014, 07:20

... seller makes a guarantee or warranty that title is marketable and will defend all claims against it. wraparound mortgage A mortgage that is subordinate to and incorporates the terms of an underlying ... to satisfy a lien 186 GLOSSARY unsecured loan A loan without collateral. A credit card is an example of a loan without collateral. Also known as a “signature” loan. VA...

Ngày tải lên: 21/06/2014, 07:20

... and Clear” 5 How Financing Affects the Real Estate Market 6 How Financing Affects Particular Transactions 7 How Real Estate Investors Use Financing 8 When Is Cash Better Than Financing? 9 What ... How Financing Affects the Real Estate Market Because financing plays a large part in real estate sales, it also af- fects values; the higher the interest rate, the lar...

Ngày tải lên: 04/11/2014, 16:16