The Urly Bird
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I Want To Bankrupt The Bird Dogs But Theres 30K Renturly
I can’t bankrupt the Bird Dogs; There’s too much Renturly.
Bird Dogs get the Renturly from Motivated Sellers. There’s $30K active. But millions.
Cash Buyers Real Estate Benefits Of Buying All Cash
Cash buyers pay less for real estate;
- no interest payments
- lower minimum purchase price
It’s like in Monopoly; You don’t want to mortgage your property; You want to pay all cash until you run out.
You might not want to buy with leverage.
I might not want you to buy with leverage.
You could buy all cash.
And be a cash buyer.
Cash Buyers Are Gold
If The Cash Buyers Are Countries
You have to sell Gold to get Fistfuls of Cash to buy real estate.
Countries can sell Government Facilities.
They can be motivated sellers. Say if there was a dilapidated prison.
Fistfuls of Cash is Gold.
Governments are Cash Buyers.
The Governments probably take out mortgages.
Are the Governments taking out mortgages on real estate or are they paying all cash?
It would be interesting to see which they think is better?
Leverage on real estate is always good; It’s good debt: The reason you want to own real estate.
How To Make Money Wholesaling
Make money from the Renturly.
The Renturly is the cap rate and you can make a spread between the buyers and sellers; Get a cheaper minimum purchase price and a higher POF.
Wrap Around Mortgages
Risks of Wrap Around Mortgages and Benefits
What is a wrap around mortgage?
A wrap around mortgage is when a motivated seller finances the property and the buyer doesn’t have to put any of their own money down on the property.
A cash buyer can be a wrap around mortgage.
What are the risks to a wrap around mortgage?
The buyer might default.
They can both default. A motivated seller can be a bank.
You want the property free and clear. That’s why the cash buyer can be a cash buyer.
The motivated seller might be forced to take on too much second mortgage by the cash buyer.
The cash buyer assumes — takes over — the name on the title.
Benefits of wrap around mortgage
The motivated seller stays in their real estate.
The cash buyer owns the real estate.