By Editors CRECafe.com
Why Does Richard Roop Consider the “Free and Clear Money Machine” to be the “Ultimate Strategy”?
I have recently had a chance to talk with Mater Investor, Teacher and Marketer Richard Roop and he kept talking about “Free and Clear Houses” as the way to go in this turbulent market. In Richard’s own words “It’s a real estate investing “business model” that works anytime, anywhere and on any type of real estate. It works in slow markets, normal markets, hot markets and post-hot markets like California, Florida and Arizona. It’s a laser guided approach… very specific and targeted. It’s a simplified approach with every step of buying and selling made easy and systematic.”
According To Richard “Free and Clear Money Machine” is the ultimate strategy. When compared to all the other models like wholesaling, retailing, lease options, rehabbing, short sales, etc., it provides the longest list of benefits and solves most all of the challenges real estate entrepreneurs face sooner or later.”
In this multi-Part Articles we will go into detail on how this powerful, yet simple and easy to do Investment Strategy works in the Real World.
For more Free training and free articles and videos on this subject click here
http://www.free-and-clear-cash-machine.com/
1) Equity, lots of equity, is the Target House
Many real estate entrepreneurs have discovered that when there’s more equity in a deal, there are more exits and more ways to create an acceptable offer to the seller.
If there’s no equity then you have to create it by discounting the debt or waiting years… hoping the property appreciates. The benefits of targeting houses that are free and clear (or have very little debt) include:
* If you need cash for buying and getting a house occupied, you can borrow against the equity (without bank qualifying) using hard money loans or private investors.
* Not only can you raise cash for a down payment, repairs or remodeling, paying off liens, marketing expenses and holding costs BUT you can also pull out some EXTRA cash on the day you buy.
* Contrary to what a lot of investors may think, sellers with free and clear houses in many cases do not need any of their equity in cash now. If they did, they would have pulled it out sooner.
* Sellers with high equity tend to be older and many times like the idea of receiving a monthly cash flow. This allows you to buy in installments, paying the seller off with the income from the property.
* A lot of free and clear houses are non-owner occupied and the seller might be facing a big tax bill if they received all their money at once. You can help them defer or stretch out their tax bite by having them finance your purchase.
- You will find landlords with multiple properties who want to eliminate all their management hassles and sell all of them to you.
For more information and free articles and videos on Richard Roop and his Free and Clear Cash Machine please click here http://www.free-and-clear-cash-machine.com/
July 16th, 2009 at 4:54 pm
this is really works!