creative finance secrets

Free video on how to deal with foreclosure

2007-09-08T13:20:00.000-07:00

Anywone dealing with Foreclosure needs to watch this video.

http://video.google.com/videoplay?docid=-5760660194878758389

http://www.homevalueshuntingtonbeach.com/FreeRealEstateREports.htm

http://www.2ndchancemortgage.com/

Sellers and Taxes

2007-05-10T11:42:00.000-07:00

Taxes are a big consideration.

Federal capital gains are only between 5% and 15% . Yet when you add state taxes, that can amount to a hundred thousand or even more.

If you seller finance you can defer some or all of that taxes, and if you roll the taxes to a year with less income you can even eliminate those taxes all to gether.

Keep in mind, besides not sending the money off to the government, you are also going to get the additional interest income one that money.

I am talking to one lady, and originally we were asking her to take back 10% or $100,000. She realizes now that her taxes are about $100,000. Buy taking back a $600,000 mortgage she will be defering almost all of those taxes and will earn an extra $7000 a year on the note, this is income earned on money she would have sent to the government.

Any way your personal situation will determine the right course of action.

Call me direct at (866) 404- 2898

My name is Rich Littlefield wishing you a blessed day!

Sellers Consider using Creatie Finance to Sell a Home

2007-05-09T10:27:00.000-07:00

First let me say this. if you are a seller, selling using creative finance is not with out risk. But, you may consider the advantages.

First, you may end up with more for the home.

In this market selling this month may net you 5% more than selling next month. So if you lend the buyer 10% of the purchase price to buy a home you may only be lending him 5%. But wait homes many times are sitting on the market for 6-12 months, if prices continue down and the buyer defaults, you can still walk away with more money than you may have.

Seller carry backs are tax deffered

You may be able to save a bunch on taxes by offering seller financing. I have seen cases were the tax saving were as much as the seller finaning. (consult your tax advisor on this one)

You may need to invest the money somewhere anyway.

Why not get a much higher rate of return on a seller carry back mortgage?
Keep in mind, much of the money would have gone out to pay taxes, you could be getting interest on money that you would have just paid out in taxes!

A chance to help people

Many people have been shut out of the home buyers market. As many as 4 times as many people can buy a home with a little seller financing.

for more info visit my websites at:
www.2ndchancemortgage.com or
www.homevalueshuntingtonbeach.com

or just call me at (866) 404-2898

This is Rich Littlefield wishing you a very blessed day!

Combining Seller Financing with Institutional Financing

2007-05-09T10:16:00.000-07:00

If you want to buy a home, have very little to put down and your credit is thrashed, what do you do?
Well 100% financing is available but the credit guidelines are all of the sudden very tough. If when you make your offer on the house you asked the seller to carry back a 2nd, you can buy that home with a much lower credit score, and have a much lower payment.
Even is you have reasonable credit and say 10% down you can save as much as $400 -$600 a month in pmi (Private Mortgage Insurance) or get a lower interest rate. That is like getting something like a $80,000 discount on the price!
The sellers many times have a ton of equity and may just be glad to do it, in order to get their homes sold.

For more information go to:
www.2ndchancemortgage.com
www.homevalueshuntingtonbeach.com
or just give me a call at (866) 404-2898 the call is free!

Again this is Rich Littlefield, have a blessed day1

Creative Financing has changed!

2007-05-09T10:12:00.000-07:00

So if you are a buyer or a seller you can benefit from creative financing. In this market it is sometimes hard to sell, but by offering a seller carry back 2nd, you will at least quadruple the amount of qualified buyers that can buy your house.

Go to www.2ndchancemortgage.com to find out more

Consider buying

2007-05-09T09:11:00.000-07:00

I learned a valuable lesson as a boy, when I was lucky enough to spend a month living on my Uncle Weldon's farm one summer. I was 9 or 10 so it was probably 1968 or 1967. For a young boy, this was a great adventure in itself.
A man came by and was talking to my Uncle Weldon and the man made note of how much land my Uncle had owned. My uncle pointed out, with the exception of one house, if you got on his farm house and looked, every thing you could see in all directions he owned. Well, that was because there was a small patch of tall trees that blocked other people's property. But Weldon did own all the property up to the mountains and there were three lakes and a small creek that ran through it. He owned a lot of property and fourty or fifty cows He grew suger beets and milked the cows for income, he also grew hay some of which he sold.
The man asked Uncle Weldon how he acquired so much. Weldon said he subscribed to the Farm Journal or some such magazine (keep in mind I was 9 or 10 at the time so I don't remember the name of the magazine).
Weldon then said, If the magazine recommended buy cows for example, he went out and sold all of his cows. If it said to sell cows, he went out and bought as many as he could buy.
Even at that age I could understand that if everyone wants to buy the price would go up and if every one wants to sell the price will go down.
Later when I became a commodity broker, this idea helped me make money for my clients. Today I am a real estate broker who uses creative finance as a tool to help people buy and sell homes and other types of property.
First let me say that real estate prices most likley are going to fall some more, yet I have been around long enough to know that I don't know that for sure, and neither does anyone else. But, I do know that because of the perception that lower prices may be on the way, sellers are becoming "flexible."
In other words, it is much easier to get sellers to assist with some seller financing in this market. Unless you are putting down 20% on the purchase of a home, seller financing can save you a bundle in the way of a monthly payment.
For more information you can call me direct at (866) 404-2898 or visit one of my websites, there is www.homevalueshuntingtonbeach.com and www.2ndchancemortgage.com

Thankyou and until next time, this is RichLittlefield wishing you a blessed day!