How to Finance Any Real Estate, Any Place, Any Time Strategies That Work James A. Misko

ISBN: 0-7570-01351 Length: 224 Pages Size: 6 x 9-inch Format: Quality Paperback Category: Business / Real Estate / Personal Finance Price: $17.95 US / $28.95 CAN Availability: In Print   Contents Reviews

Ever wonder how real estate magnates become real estate magnates? By filling out mind-numbing mortgage applications? By taking out ditech.com equity loans against their homes? By making personal guarantees to their bankers? Hardly. For years, successful real estate investors have used nontraditional methods of securing funding. They have created effective money strategies that circumvent banks, yet still result in profitable deals.

For over thirty years, real estate professional James Misko has trained thousands of licensed realtors in the use of nontraditional financing methods. Now, Misko makes his creative techniques available to the general public in his new book, How to Finance Any Real Estate, Any Place, Any Time.

In this easy-to-use guide, Jim offers fifty-three time-tested nontraditional ways of buying properties. These are not pie-in-the-sky theories about what could happen "if," but proven deal-closing secrets that will put the wraps on virtually any real estate purchase. In this book, you will learn how to turn your dwindling stocks into real estate equities, how to take frozen equity and create real estate paper, how to exchange one property for another tax-free, how to maximize tax write-offs, how to acquire land without money, and so much more.

How to Finance Any Real Estate, Any Place, Any Time provides you with all the information you might pay hundreds--if not thousands--of dollars for through realty courses, at only a fraction of the cost. If the only thing holding you back from buying your dream house or investment property is financing, maybe it's time to buy "outside the box."

James A. Misko has been a highly successful real estate professional for over three decades. He is a Certified Commercial Investment member of the National Association of Realtors and has served as an instructor for this organization. As a sought-after lecturer, he speaks at local, state, and national real estate conventions. He is also a published author, an outdoorsman, and one of the most creative investment and exchange brokers in the nation. The author splits his time between Anchorage, Alaska, and Palm Springs, California.

Contents

Introduction

1. Champagne House on a Beer Income

2. Postdate Sale to Secure One Property While Selling Another

3. How to Support a Small Down payment by Using Collateral Security

4. How to Fund With Life Insurance to Support a Contract

5. How to Use a Life Estate to Obtain the Property You Want

6. How to Use a Life Insurance Annuity to Develop Cash Flow for the Elderly Seller

7. How to Gain Appreciation and Working Time by Using an Option to Purchase

8. How to Option a Property Without Money

9. The Rainy Day Option: How to Reap Riches Tomorrow By Paying a Higher Price Today

10. Split the Fee and Carve Up the Benefits for Investors

11. Trade One Set of Benefits for Another by Exchanging Instead of Buying

12. How to Get the Twin Benefits of Tax Shelter and Spendable Income Through an Overtrade and Cash Back

13. How to Exchange and Borrow to Get Your Assets Working for You

14. How to Have Your Cake and Eat It Later

15. Creation of Paper: How to Put a Frozen Equity to Work in a Tight Money Market

16. How to Buy, Option, Sell, and Exchange Paper

17. How Exchanging Paper Can Generate a Steady Cash Flow

18. How to Buy a Property for 20 Percent Off While Seller Gets His Asking Price

19. How to Use the Broker's Fee in Financing the Transaction

20. Financing Financed Raw Land: How to Get Out of "Eat" and Maintain Appreciation

21. Payments Don't Always Include Principal and Interest--and Sometimes Not Even Interest

22. The Many Advantages of Separating the Down Payment from the Principal

23. How to Convert Principal Payments to Tax Deductible Lease Payments

24. How to Acquire Land With No Cash

25. How to Get 100 Percent Financing By Sale and Leaseback

26. The Velvet Hammer: How to Turn a Leaseback Into a Triple--A Guaranteed Leased Property

27. Sale and Buyback--and Exchange and Buyback

28. How to Create Cash By Discount Sale and Lease Option and Still Retain the Benefits of the Property

29. The Blanket Mortgage: How to Secure a Favorable Loan by Using More Than One Property

30. The Wrap-Around: How to Secure New Financing Without Disturbing Existing Financing

31. How to Syndicate the Loan and Get More Than One Lender in the Picture

32 C.D. for Loan: How to Get a Lender to Make a Loan He Wouldn't Ordinarily Make

33. Raise the Interest and Lower the Price

34. Lender Loans 75 Percent of Appraisal or Sales Price--or Does He?

35 Performance Mortgage: How to Base Your Payments on the Performance of the Property

36. Performance Purchase Price: The Real Way to Get the Seller to Stand Behind the Figures He Gives for His Property

37. Such a Business--You Got It--You Sell It--And You've Still Got It!

38. Convertible Loan to Equity: A Way to Give the Lender an Incentive to Make the Loan

39. Convertible Loan to Stock: How to Motivate a Lender to Make a Corporate Loan

40. Marry an Investor to a User

41. Working Out of Tough Sale or Lease Terms

42. How to Make Owner Financing Work for You

43. How to Push the Second Mortgage Around to Get the Property You Want

44. How to Make the Second Mortgage Bring in Cash

45. How to Get Cash by Solving Someone Else's Problem

46. How to Wind Up a Winner by Turning Your Dwindling Stocks Into Real Estate Equities

47. The Ultimate Bail Out

48. Never Use a Dollar Once

49. Interest and Points

50. Tax Strategies in Creative Financing

51. Bonding Your Real Estate Loans

52. A Preferential Interest in Real Estate

53. Filling the Gap--A Bridge Loan

Conclusion

About the Author

Index

Reviews

"A must read for every real estate investor, broker, and developer."

The S.E.C. Real Estate Observer

"Should help investors think outside the box to land the property of their dreams."

ForeWord Magazine

"Just the thing for investors."

Publishers Weekly

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