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Over a year has passed since the world has changed as we know it. I remember when in March 2020, as we were going through our lives in denial of what was going on in the world, all of the sudden we were put in a situation of total lockdown and quarantine.
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The 7 Ways to Get Cash at Closing of a Real Estate Deal A guide by Laura Alamery
With assignments, you don’t close on a deal like with double closing. You simply “assign: the contract to another end buyer or tenant/buyer. You can assign Purchase Contracts, but also Options and Lease Options 1.Wholesaling
if you are buying a property as a rental (buy and hold,) ask the title company to give you a check separately for the rents and deposits that you are supposed to receive so that they don’t get “absorbed” in offsetting closing costs. Then you can negotiate closing costs and fees down. 2.Rents and Deposits
any time you issue a lease option, ask for a deposit. If you wholesale the lease option, split the deposit with the owner. 3.Lease Options
Seller pays investor money to take over payments – yes, it is totally possible (and done all the time) and it is a win-win situation. 4.“Subject To”
even if you wholesale a property, you can “create” and attach a note without owning the property and sell the note at closing to an investor. One good example, you can take a note to help with the downpayment from the end buyer, which is a portion of your profit after you pay the seller 5. Selling a Note
To know more visit: https://www.lauraalamery.com/the-7-ways-to-get-cash-at-closing-of-a-real-estate-deal/
