Richard Roop - Free and Clear

[Lynn Henley]

Anyone working Richard Roop's Free-n-Clear strategy?

Lynn (FL)

[Seth Williams]

Richard Roop has a pretty solid system. I reviewed it about a year ago and he takes an approach that is pretty smart. The idea is to pursue properties that are owned free and clear, and acquire them using seller financing, thereby giving you a lot more flexibility.

The key is, this approach generally only works if the seller is motivated and willing to play by the terms you present to them (and often times, you can frame the deal in such a way that is acceptable to them).

By focusing on what the seller needs, you can negotiate terms with no-interest and a long amortization period. Basically - everything can be worked in your favor without getting banks involved.

The benefit is, you can sidestep conventional loans, you don't have to have a perfect credit score, you have unlimited access to funds (because each deal acts as its own silo), etc.

He has a pretty complex calculator that can generate multiple offers for each seller, so it gives them several options to chose from, ALL of which will work for you.

I'm simplifying things a bit in this post (there is a lot to learn), but I can vouch for the guy. His system does work if you're willing to take the necessary steps.