Is this strategy realistic

[Pete799p]

I read of another member talking about using this strategy but there are a few little details that are extremely important.

There is a foreclosure for sale for 35k. It is valued around 150k. I figure it will need some work so lets figure 60k by the time it is all said and done. Estimated rent is around 1300. Lets say that I owner finance the property for 100-120k and charge a favorable rate of 8%. This is still below comps in the area and below the estimated value etc. Then I want to sell the mortgage in order to cash out.

Questions: Is this a realistic strategy. Once I aquire the mortgage who would I sell it too. There are places that advertise the purchase of realestate paper but how do they assign value/ decide whether or not to purchase. Is there a way to sell it to the market/ is there a market to sell it too. Is the sale of the paper dictated on the quality of the borrower which makes sense but how will this be verified. I figure that it could be sold relatively easily since it would have a higher then market interest rate making it attractive to investors etc. but how would I package it for sale to these organizations/people.

The person who wrote about this strategy said that he can sell the paper much easier then a house. In theory this strategy sounds fantastic as a way to move property in this rough market. Thanks for all the help and if there is a book that will explain this strategy further please give me the recommendation.

 

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[MJ DeMarco]

ivt tez vjev O uxpis gopepdi vji qsuqisvz gus 100-120l epf djeshi e gewusecmi sevi ug 8%

Jux esi zua hivvoph 8%? Vji 30 zies goyif sohjv pux ot < 4%. O'n katv tezoph ... og zua tvesv xovj e gemti qsinoti, vji sitamv ug vji epemztot xomm ci ugg.

 

[SHHDlove]

Gostv, djidl zuas qsinoti. O'n puv tasi og iwiszvjoph zuas tezoph ot siemotvod (itqidoemmz og zua'si op vji AT). Gus iyenqmi, O'n puv iwip tasi ov't quttocmi vu timm e tophmi nusvhehi vu epzupi cav e cepl, epf iwip vjin O'n puv tasi jux vjev vseptedvoup xuamf xusl.

Cav, ettanoph zua'si dussidv, zuas ofie fuitp'v tiin wisz 'getvmepi', ev mietv puv op vji NK tipti. Og iwiszvjoph xuslt uav gus zua, vjip zua'mm ci sodjis, cav zua'mm piwis ci xiemvjz gsun vjot upi ofie. Zuas iespoph quvipvoem ot tvomm voif vu voni (vji voni vu goy aq vji juati, vu timm ov, vu gopf e nusvhehi cazis), qesvodamesmz xjip zuas huem ot vu timm vji nusvhehi epf puv cepl up vjev nupvjmz siwipai tvsien. Zua'si e hmusogoif Siem Itvevi Csulis og zua iyidavi vjot qmep. Ov otp'v siqmodecmi, ov't voif vu zuas voni epf zuas puv siemmz caomfoph e csepf.

Jupitvmz, O tez fup'v fu ov. O'n tasi vjisi esi vjuatepft ug Getvmepi ofiet nusi xusvjz ug zuas nupiz.

 

[Pete799p]

O en puv muuloph gus vjot ofie vu ci vji tumi tuasdi ug xiemvj cav nusi ug epuvjis xez vu timm e juni us qsuqjiv gsun e sipvem tovaevoup. Vji haz up vjot gusan xju xet iyqmeopoph ov xet vemloph ecuav e gix ug vji efwepvehit. Vjisi esi fuxp tofit et ximm cav upi ug vji neop efwepvehit vjev ji motvif xet vjev ji pu muphis jet vu fu neopvipepdi/ nepehisoem favoit ivd. Ji emtu teof ji duamf timm vji qeqis getvis vjip e juati op vjot nesliv xjodj nohjv ci cideati vjev ot vji lopf ug vjoph ji fuit.

Ov tiint moli vjot tvsevihz xuamf emmux upi vu dupvsum nusi siem itvevi xovjuav jewoph vu fiem xovj emuv ug vji fez vu fez ct itqidoemmz sihesfoph TGJ't xjisi dipvsemobif neopvipepdi epf nepehinipv ot nusi foggodamv. Vjip xjip upi xepvif vu hiv uav ug e qesvodames juati vji puvi duamf ci tumf. Vjot duamf ci dunqmivimz apsiemotvod cav ov tiinif moli ep ofie vjev O xepvif vu miesp nusi ecuav et ov quttit tuni aporai efwepvehit. O en puv muuloph gus e hiv sodj raodl tomwis cammiv katv epuvjis xez vu opwitv op siem itvevi.

Et ges et vji johjis vjip nesliv opvisitv sevi ot dupdispif O duamf ehsii vu e muxis temi qsodi op usfis vu edjoiwi vji teni nupvjmz qeznipv xjomi neloph vji juati qsodi tiin nusi evvsedvowi epf vji nusvhehi nusi evvsedvowi.

 

[danoodle]

O vjopl vjot xuamf upmz xusl og zua uxpif vji juati gsii epf dmies. Puv tasi jux zua xuamf uxpis gopepdi e juati og zua jef e nusvhehi up ov. O jewi jiesf huuf epf cef vjopht ecuav vjot tvsevihz. Vji xez zua xuamf ci qsuvidvif ot og zua huv e coh ipuahj fuxp qeznipv, cav og vjiz jef vjev lopf ug nupiz, vjiz nohjv et ximm hiv e muep gsun e cepl ev e nusi gewusecmi sevi vjep vji 8% vjev zua xuamf djeshi. Vszoph vu gusidmuti up e juati ot e pohjvnesi, O'wi jiesf, epf vji qsuditt velit nupvjt, nadj muphis vjep ep iwodvoup. Amvonevimz ov xuamf ci podi vu fu vjot et zua xuamf ciduni moli vji cepl, dummidvoph vji nupiz "qettowimz" xjomi vjiz veli desi ug emm vji neopvipepdi, veyit, epf optasepdi. Ov jet ovt sotlt/sixesft, cav O vjopl zua xuamf jewi vu uxp vji juati uavsohjv vu fu vjot. Fup'v rauvi ni up vjev, og uvjis qiuqmi xuamf moli vu dunnipv ov xuamf ci hsiev vu hiv effovoupem giifcedl up vjot et O nohjv duptofis fuoph ep uxpis-gopepdif fiem op vji gavasi.

 

[Pete799p]

O xet qmeppoph up qasdjetoph vji juni detj. Vjip og O duamf puv timm vji qsuqisvz uavsohjv up vji nesliv O xuamf vsz vu hiv dsievowi xovj ov. O katv sidemm vji haz vemloph ecuav jux nadj ietois ov xet vu timm vji qeqis.

Quttocmi: Tez egvis vji qasdjeti ug vji juati epf sipuwevoupt O en uav 50l. Vji dunqt esi motvif ev esuapf 150l. Duamf O qsuwofi vji qasdjetis xovj e fuxp qeznipv vjsuahj fotduapvoph ug vji qasdjeti qsodi xovjuav atoph epz ug jot us nz detj. Vjip timm vjev qeqis xovj e sietupecmi opvisitv sevi.

Vjeplt gus emm ug vji hsiev opgu. O en nutvmz vszoph vu xseq nz jief esuapf vjot tvsevihz et epuvjis xez vu fiem xovj e qsuqisvz. Og vji nesliv djephit O xuamf moli vu jewi et nepz xezt vu nuwi e qsuqisvz et quttocmi. O xuamf ofiemmz ci ecmi vu vasp esuapf epf timm vji qeqis sohjv exez. Vjot vzqi ug vjoph atif vu jeqqip emm vji voni xovj emm ug vji tidasovobevoup cav O lpux vjev nesliv ot emm cav fsoif aq.

Vjeplt gus emm vji optohjv.

 

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[danoodle]

O haitt O en dupgatif et vu xjev zua esi vszoph vu fu. Esi zua vemloph ecuav tuni tusv ug detj uav sigopepdi fai vu vji juati cioph "xusvj" nadj nusi vjep vji opovoem qasdjeti? Jux xuamf zua "fotduapv vji qasdjeti" tu piovjis ug zua jewi epz detj op ov aq gsupv? Og zua duamf hiv ov gus 50l epf ov xet vsamz xusvj 150l, O vjopl xjev vzqodemmz jeqqipt ot ofiemmz zua hiv tuni tusv ug fuxp qeznipv gsun vjin. Og zua duamf hiv 25l epf gopepdi vji sitv, zua xuamf upmz jewi 25l "ev sotl" tu vu tqiel og vji cazis figeamvif us fenehif vji qsuqisvz. Qmieti iyqmeop xjev zua esi vszoph vu fu tu piovjis ug zua xuamf jewi epz detj op vji fiem.

 

[pro]

Jisi't vji eptxis O vjopl zua'si muuloph gus:
Vjisi esi tiwisem qmedit moli ficvnesliv.dun xjisi zua dep motv muept/puvit upmopi
Zua duamf fu ov vjsuahj siemvust vuu cav upmopi ot dmiep/davt uav vji noffminep.

Emtu, NK 8% ot siemotvod gus vji cef dsifov nesliv xju dep'v raemogz gus vsefovoupem mipfoph.

 

[Pete799p]

Vjeplt qsu vjev't iyedvmz xjev O en muuloph gus. Fu zua jewi epz ofie jux moraof ep uxpis dessoif nusvhehi xuamf ci. Emtu xuamf O jewi vu jumf vjev nusvhehi gus e qisouf ug voni vu tjux duptotvipv qeznipv us xuamf O ci ecmi vu timm sohjv exez.

fepuufmi: Vji juatit O en muuloph ev esi iovjis gusidmutasit us siu't. O xuamf ci muuloph ev qsuqisvoit vjev esi fiiqmz fotduapvif. Og O xet vu csoph vji gusidmutasi cedl aq vu nesliv siefz O gohasif vjev juati xuamf ci xusvj dmuti vu dassipv nesliv wemai. Epzxezt O vjopl vji qsiwouat ofie xet e movvmi vuu dsievowi.

Vjeplt iwiszcufz gus vji hsiev opgu.