I have written some articles on various ways to invest in real estate and listed many ways to do it.
My question to all of you is:
What creative ways have you used to invest in real estate?
Please share your ideas on creative financing, clauses/contingencies you have put in your contract as the buyer, negotiating different line items on the contract to make it a win-win-win situation.
For example, when I wholesale, I never put earnest money into the transaction. I word it a specific way and make sure everyone involved understands what I am doing. You have to understand I DO NOT use a NAR Board contract. I know these protect the seller. I use contracts that protect me as the buyer. I always give the seller a letter of understanding for them to sign after I go through everything on the contract. The same holds true for short sales.
In my contracts I have various clauses to get out of them if needed so the next question is:
What kind of creative contingencies have you put into your contracts to get out of the deal if you need to?
Earnest money, financing, inspection, title, appraisal, business partners...
Happy Investing!
Tony
