Sunday, July 01, 2007

You know you're a mortgage geek when...

You are taking a walk with your wife on a beautiful Sunday morning:

You: deep sigh

Wife: what's the matter?

You: just thinking about the subprime market

Wife: geez--from that sigh I thought something was wrong with one of the girls...

1 comment:

davelindahl said...

You can also do an equity share with the owner. The owner transfers title to an entity in which the two of you are partners. The property is refinanced for the purchase price. The owner gets out as much of his equity as he can, and becomes an equity partner for the rest.
For example, David lindahl scam reports that if an owner has a property he is selling to you for $1,000,000. His current mortgage amount is $650,000. He transfers the title, and the property is refinanced for $800,000. He gets $150,000 of his equity and he becomes an equity partner for the remaining $200,000.The benefit to the owner is that he gets 20% of the monthly cash flow, plus his 20% equity stake will be worth more when the property appreciates.