Creative Financing
Let's say you had 50k and you wanted
to invest in real estate and by virtue of
being a SUCCESSFUL investor, what would you do with the 50k, or let's say
you had anywhere from 25 to 300k...
what creative financing could you do
with just 25000? I've heard of brilliant
real estate deals...but can't say I under
stand them.... 
I am working on a project right now that I've alloted $17,00.00 for max $20,000.00 but that will make my SUPER deal just a great deal. In Nov I had to decide if I should put my usual $17,000.00 into a fund which in 8 years I'll get $25,000.00. The $25,000.00 is for my child's college fund. So this is a semi big decision.
1) Nov 2003 found a 5 bedroom listed for $12,000.00
2) Looked at house
3) figured I'll bid $11,300.00
4) Did a cost sheet for repairs ( my company) It will cost me $4800.00 tops
I closed on property 01/28/2004
5) Had a subject to appraisal last week
$60,00.00
6) have four qualified buyers
7) I will sell it for $60,000.00 and pay their costs.
I'll walk away with a check for $40,000.00 minus my $17,000.00 the rest is profit
Not paid for a $17,000.00 investment
But you have to look everyday for this kind of deal. This is actually the 7th in a row I've had like this personally.
I work on about 15-20 a month there are tons of deals out there. You just have to look
Good Luck
Lori
[addsig]