I BUY HOUSES......

[ Follow Ups ] [ Post Followup ] [Cash Flow Forum ]

Posted by David Alexander on April 25, 2001 at 19:45:53:

In Reply to: Re: Ed, Bill....... posted by Ed Lisogar on April 25, 2001 at 15:16:14:

from sellers by taking over mortgages subject to. I Deed them (the houses) into a trust. The Trust then sells the houses on a contract for deed.

I create cashflows due on the contract for deed.

The Internal rate of return are great because I may buy house with a 7% interest rate and sell a house with an 11%, so thereby I have created wraps.

When you sell off the deals if you do it by extinguishing the first you kill the rate of return.

If you leave it intact and were able to bring in Investors that want a specific yield and give them a beneficial interest in the trust then you would thereby be leaving the return in place.

David Alexander

Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:


Optional Link URL:  
Link Title:         
Optional Image URL:

[ Follow Ups ] [ Post Followup ] [ Cash Flow Forum ]

WWWBoard 2.0a and WWWAdmin 2.0a © 1997, All Rights Reserved.
Matt Wright and DBasics Software Company