|
GIFT
"WRAPPED"
Advanced Technique of Different Terms
Many
who have taken my notes class want me to give
an advanced class. Here is an advanced technique
that can make you a bundle. In my section of the
THE
NOTE PROFESSOR NOTEBOOK, I explain how wraps
are actually a gift because you will be earning
interest on money you did not loan out. The simple
example I used is where you sold a property for
$100,000 with 10% down, with an underlying lien
of $70,000 @ 7% with 180 months remaining.
Instead
of carrying back a second of $20,000 @ 10%, you
wrapped your second lien around the $70,000 for
the same 180 months. More>>
|
|
|
|
|
"Fair
Market Value"
This
is a term we use everyday, especially in the field
of real estate. We might use different names,
like "market value", ARV (after repair
value) or "market price". What we do
not acknowledge is that all three words are subjective
and have different meanings to different individuals.
We also mistakenly interchange value for price.
Here I am only going to talk about "market".We
will use all sorts of ways to measure "fair
market value". One method is to pay high
dollars for a third party "expert" opinion
in the form of an appraisal. This process has
been "standardized" with set procedures
that are "recognized" as being trustworthy.
It is here we learn that there are different concepts
the appraiser uses to determine what a property
is worth in terms of dollars. More>>
|
|
|
|
|
|
|
Tom
Teaches Notes
Tom
will be repeating his class on owner financing,
on Saturday June 24th and Sunday June 25th, on
HOW TO GET RICH WITH NOTES. This class is limited
to 20. For under $200, you will learn what a similar
"boot camp" in Austin teaches that costs
thousands. You will also get THE NOTE PROFESSOR
NOTEBOOK as a learning tool. This will be the
last time this course will be offered this year,
at this price.
Go
to www.DFWREIN.com
for details. Or call Joele at (972) 671-7346
|
|
|
|
