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How To Patch Hole In Drywall
Patrick Zanders
It comes as no surprise that the real estate market is beginning to
slow down. Simply take a look at the long high road that we have been
on. I don't care what anyone says, what goes up, truly does come down
folks. This is why it is very important to position yourself before
the bottom drops totally out of the market.
Right now, nationwide lenders are putting stops on many of their subprime
programs. They are also slowing up heavily on the investor programs. Simply
try and obtain a 100% investor loan. What? You still can do it today? Well,
shoot me an email in about 8 weeks and see if that is tstill the standard.
What is important to realize is that while the market is tightening as far
as lenders are concerned, the buying market is becomming red hot. you can now
capture deals like never before. So, what am I getting at? Simple, buy
the properties at the dirt cheap price with unsecured lines of business credit
(yep, always other peoples money), and then do a lease option with someone
that can't quite qualify for the newer, tougher, lender guidelines. Trust
me when I say that there will be literally bunches of these buyers and the
nice thing is, they have jobs and down payments...They just can't quite qualify
for a loan. Once they get in the property, let them season and do a refi in 6-12
months. ou will have made a nice cash flow, now touched a dime of your own money
and made a killing on the backside.
Hey, the lenders are giving us lemons...let's make orange juice!
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