#Entrepreneur of the week, post 3 Ownership or control of the property? The old traditional concept of wealth was to be…
#entrepreneur This week, post 3
Property ownership or control?
The traditional old concept of wealth was to own as many assets as possible, but to own
On many assets, beyond the fact that it may be patronizing the ego, the risk increases significantly, not just because of it
That life is dynamic and changing all the time but also what I know and no matter how much knowledge I keep accumulating I am constantly aware of how wrong I am and then re-learning, if I think that accumulating and knowing infinite data
On the neighborhood house the state city before buying decision will help me make a successful purchase I fell because there is no such formula and more than that even if I lived in this area would not add much because knowledge is limited
And if with the vast knowledge I would accumulate and analyze before any buying decision was really working then almost all real estate people
Were wealthy with infinite assets long ago and what really happens? Only a small percentage do succeed in a big way.
It is like investing in a particular stock you learned to be an analyst you analyzed everything you invested in what actually happened
If you had that much knowledge you would already be rich right? If investment house analysts are so smart
Why do most of them work there and are not self-employed? There are so many variables involved in success that it is not possible to base everything on knowledge that I have accumulated, on the contrary it is just a flood. So what can be done?
First of all, figure it out and release the desire for certainty otherwise all the time I want to be more confident in knowing more and owning the property which is exactly what hampers business success.
So you can see how much control and non-ownership reduces the risk.
What does it mean to control the property?
Sandwich Lease Option
There are many homeowners who have to sell the property they own because they are relocating to another country and do not want a headache with tenants and also do not know what to do remotely because they have already rented in another country and suddenly there are problems with tenants offsetting the rent for any mishap in the house Without asking them because they perceive that the property owner is weak and will not do anything, that they will inherit the house and they do not want to mess with it and since it is not their money there is flexibility to cut the main price to see money fast and not pay out of pocket expenses because they divorce and do not want to hear more The main thing is to sell and fast, because they have to sell but can not because there is a high mortgage and not enough equity for a broker to sell for them and not enough space to give a discount to the buyer and then they are stuck, there are those who seemingly have equity and a broker tried to sell and for half a year failed to sell. … Do you understand? The job is to release blasts from people and not something else.
In these and other situations it is important to establish a connection and trust with the property owner and lead him to understand his situation and then transfer me control over the property through Lease Opshin which means he will receive a monthly amount close to the rent he could have received but it is not rent it is payments on the house, At this time he does not have to be Landlord because I promise to pay all expenses including repairs except if the roof, heating system etc .. And then part I participate in addition he will not get a phone from me at night having a toilet block and plumber sent.
And even if he has a 20-year mortgage tail, I will take him out of the deal for up to 3 years.
And the highlight in the market price !!! A property owner cannot usually accept this because if he sells to an investor he will lose
We'll say 30%, and even if he sells to a mortgage recipient to send his inspector to lower his price.
And so in exchange for interest and up to 3 years not 30 years! He will get a lot more.
The ownership will not pass to me and will be with Adv. Ne'eman until I exercise the purchase option.
More money and he will decide to sell after and will not be able to register to work on additional debt if he has it.
On the other hand, there is a growing population that the banks are in no hurry to give them a mortgage nor because they are not renting well, neither a pilot nor a high-tech person will get a mortgage if they start work in the first two years, even the self-employed have a long waiting time, for example, so what do they do now? There is no place to get tired of moving an apartment every time, or when the landlord does not fit in with what is not working in the house and argues with them every time and the danger of the wikisin hovers over their heads.
What would they do to wait for a banker like beggars to agree to give a mortgage in two years maybe three?
So they do it as long as they don't know that there is such a thing as Rent Too On and here I go into the picture
And offers them to enter their own future home now without waiting for a bank to bestow a mortgage
Of course you have to check the ability to pay rent by Rental Applicin and Criminal Report and then I can already fulfill their dream with a few thousand dollars option fee and enter the house with a completely different reference
They are more likely to maintain the home better than those who consider themselves future property owners,
They will pay all expenses up to a certain level because they are not yet the property owners and have a one-year opportunity
Improve your credit score and get a mortgage and if you need two years then buy the property at a pre-agreed price, and at what amount? At full market price and even more.
So how does everything fit in?
I take control of an asset from a stuck property owner without investment on my part and solve the problem that no one will solve it and on the other hand allows those who are not approved for a mortgage and want to buy a house that can pay reasonable option fees and rent already have a future asset and solve a problem that no one will solve.
I have a concurrent agreement with the property owner and the tenant as a tenant / buyer in due course if and when the tenant can purchase
My property will be purchased in front of the property owner and then the property will be sold to the tenant which means I will own the property for 5 minutes and the financing for the tenant transaction.
By the time of Closing, not all of the titles are aware of creative selling methods and not all of them are Friendly Investors
And you have to know who to work with.
The next post will be in an especially creative method even more than the one called Subject To and will be published tomorrow.
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