Creative real estate investing is any non-traditional method of buying and selling real estate. Typically, a buyer will secure financing from a lending institution and pay for the full amount of the purchase price with a combination of the borrowed funds and his own funds (or his "down payment").
One way to buy a home is to pay cash. But the typical family is not in a position to do this, and thus must arrange to finance its home purchase. Most families can afford only a modest down payment and are forced to secure the remainder of the purchase price by mortgage from some lending institution. The larger the down payment, the smaller the total interest payment over the term of the mortgage. Buyers, however, should not use all of their savings for the down payment, thus depriving themselves of any reserve to fall back on if extraordinary expenses arise or income falls in the future.
Read more about Creative Real Estate Investing: Bird-Dogging, Seller Finance or "subject To", Options, Lease Option, Sandwich Lease Option, Short Sale or Preforeclosure, Wholesaling, Hard Money Lenders, Tax Liens, Paper/notes/mortgage Investing, Flipping, Land Trust
Famous quotes containing the words creative, real, estate and/or investing:
“Imagination could hardly do without metaphor, for imagination is, literally, the moving around in one’s mind of images, and such images tend commonly to be metaphoric. Creative minds, as we know, are rich in images and metaphors, and this is true in science and art alike. The difference between scientist and artist has little to do with the ways of the creative imagination; everything to do with the manner of demonstration and verification of what has been seen or imagined.”
—Robert A. Nisbet (b. 1913)
“nor till the poets among us can be
literalists of
the imagination—above
insolence and triviality and can present
for inspection, ‘imaginary gardens with real toads in them’,
shall we have”
—Marianne Moore (1887–1972)
“The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.”
—Shirley Chisholm (b. 1924)
“After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.”
—Calvin Coolidge (1872–1933)