I did it! I found out about a property for sale, and with no money, negotiated a lease escrow.
The seller’s are willing to let me lease the property to other tenants while we do a 60 day escrow.
I am keeping their loan in place for lower initial payments for cash flow.
They do not need any initial cash, and are pleased not to have to
pay the capital gains taxes. (They have sold 2 other properties this
year.) When they asked questions I answered them in a calm manner and
their confidence grew. They also don’t have to pay the agent $32,000
commission. They also realize that the worst case scenario is they
would still have a house.
Erica
Facility Name: ARROYO HOUSE
Thank you Virginia Swanson - Kaufman for your generous donation.
Manager of Arroyo House
We provide a clean living environment for men.
Virginia Kaufman Investing
I really wish to express our appreciation to Virginia Swanson - Kaufman
for donating her front lawn and many items for our event to raise
monies for the Proposition #2 to prevent cruelty to farm animals.
Her contributions are greatly appreciated.
Barbara Wilson
Californians for Humane Farms
Humane Society
Virginia Kaufman Investing
About PhotoNOLA:
PhotoNOLA is an annual celebration of photography in New Orleans,
coordinated by the New Orleans Photo Alliance in partnership with
galleries, museums and photographers citywide. December 2009 marks the
fourth annual festival. Most of the scheduled events will take place
from Dec 3-13, with broad ranging photography exhibitions on display
throughout the month of December.
PhotoNOLA festivities will begin with a series of French Quarter
openings on Dec 3. We are thrilled to be hosting our first Slideluck
Potshow on Friday, Dec 4 at Studio 527. Saturday Dec 5 will be filled
with educational offerings, art openings and an after party at The Big
Top.
This course is really impressive. I have learned how to communicate
with the bank, loan officer and other agencies that will help me get a
bank reduction of foreclosed properties.
In addition, the second aspect that motivated me more to become a
real estate investor is a creative idea to communicate with the escrow
company to open escrow per bank requirements to do short sales in the
foreclosure.
Finally, I felt and saw the importance of writing a written
contract between buyer/seller to establish mutual relationship and
trust.
V.B.
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