10 Low Cost Ways To Buy A House
Don't get stuck in a rut waiting for the right deal to come along on the MLS. You can learn to find these on your own. Then, you know what, you are Invincible!
1. Subject To (Subto) (Take over the mortgage & own the property)
2. Land Contract (deed transfers when last payment is made)
3. Wrap (seller sells with mortgage that mirrors their mortgage
4. Wholesale (buy below market value)
5. Abandoned/Zombie /Neglected (buying properties “off market” that others don’t know about, cheaply
6. Seller Financing (Seller becomes your bank)
7. Lease Option (Test the property before you buy)
8. Foreclosures/Probate /Distressed (Buying properties at a discount below market)
9. Assumption (taking over the loan of a specific property)
10. Joint Venture with seller or investor (buy with a partner to cut costs and risk)
And what is great about this, is that even new investors, just looking for help can connect wth a mentor or a coach and find these in CA, TX, GA, AZ and all across the country. It helps to be trained and then you can retire early. You can usually finance from your 401(k), other financing is available. Break out of the limiting thoughts that everyone else follows and succeed.
