Subject 2 is acquiring real property using the existing mortgage in place, in which the buyer takes the title or a deed to a mortgaged piece of property, but does not have their name on the mortgage.
This strategy is one of the most sought after techniques used by real estate investors and Roger goes into detail on how to do this the right way. With the techniques in this book, you can help people when they can no longer afford their property or do not have enough equity to list and sell with a real estate company. At the same time, you can build your wealth and legacy.
Ultimately, you can afford to acquire a property with less equity because there is no down payment and the closing costs are much lower.
This technique can be very rewarding because with the right information, you can market yourself, learn the “why” of the seller and maintain the right relationship with mortgage and insurance companies. Without the correct strategies, it can be very difficult to deal with all the parties involved.
How not to lose money becasue of lack of knowledge. Strategies to build your portfolio in record time!
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