Creative Real Estate Investing Far Rockaway NY

Creative real estate investing is defined as the usage of non-traditional ideas and methods of selling and buying properties. Here, the buyer will initially secure his finance taken from a lending organization and pay the full amount together with borrowed funds which will serve as his down payment.

Local Companies

Birchwood Group
(212) 246-3379
888 Eighth Avenue
New York, NY
Cumberland Packing Corp.
(718) 858-4200
2 Cumberland Street
Brooklyn, NY
Helmsley Enterprises Inc.
(212) 679-3600
230 Park Avenue
New York, NY
Rockefeller Group Business Centers
(212) 332-3400
45 Rockefeller Plaza
New York, NY
H&H Realty
(347) 407-1753
1094 washington pl
baldwin, NY
GAG real estate consultants
18009563895
p.o.box 20249
New York, NY
Brown Harris Stevens
(212) 588-5692
1926 Broadway
New York, NY
D2Media
(212) 604-0221
250 Hudson Street
New York, NY
Laujel Realty Corp.
(718) 239-0890
2440 E. Tremont Avenue
Bronx, NY
Winslow & Company
(212) 982-8884
34 West 15th Street
New York, NY

Provided By:

Creative Real Estate Investing Facts

Author: Charles Petty

Creative real estate investing is defined as the usage of non-traditional ideas and methods of selling and buying properties. Here, the buyer will initially secure his finance taken from a lending organization and pay the full amount together with borrowed funds which will serve as his down payment.

One of the effective ways in purchasing a house is through cash payment. Unfortunately, the typical family is not really in its proper financial situation to get into an agreement like this. Majority of the families are can modestly afford a down payment, thus, they are forced to secure what was left of the price of their purchase through mortgage from a lending institution. However, buyers should not exhaust their entire savings just to pay a huge down payment amount. This will lead to deprivation of reserves if in case any fall back happens or income will go down in the future.

What are options?

An option in real estate investment is termed as a person's right to purchase a property for a specified amount on a certain period. The owner may choose to sell his or her option to someone. The option buyer then hopes that the value of the investment property will either down or up. The seller will receive a premium known as option consideration. The buyer also has the right to purchase the property or selling it to another person which he or she can exercise. This is usually done to gain control over the property without investing a lot of cash. Premiums in option are generally non-refundable. Options represent equitable interest and are recorded by the county recorder.

What is a lease option?

A lease option is comprised of two main parts namely an option and a lease (rental agreement). This is written in either one or two contracts. A rental agreement occurring between the potential lessee or tenant and the owner is implied as a lease. Leases hold the lessee responsible for paying the maintenance, upkeep, insurance and taxes of the property. Lease payments are typically five to fifteen percent higher than the rent of the property. For the lessee to have tax benefits, this lease type is structured as if the lessee is the owner himself.

What is sandwich lease option?

This is not, at any way, an option. This is just created by tenants who wish to exit his or her unit as the tenant not having exit options written by the landlord in their lease. In order to provide mitigation option (a way of reducing costs and risks), a person can find a tenant to replace the unit. The tenant found for replacement becomes the tenant of the existing tenant and not the tenant of the landlord. The legal tenant will now have the right to create whatever rent, policy and deposit systems that he or she wishes to imply on the new tenant.

To further understand the process in sandwich lease option, a branch of creative real estate investing, further explanations are provided. The moment the new tenant notices any need for maintenance or has encountered problems with the unit, he or she will contact the landlord who will then contact the real, legal landlord in for repairs and maintenances to happen.

The new tenant is required to achieve payments to the temporary landlord who will then make the rent payment to the original landlord, thus, making things legal and paid.


About the Author:

Charles and Kim Petty are the King and Queen of Virtual Real Estate. For a FREE Special Report and Video from Charles and Kim Petty and to set up a one on one strategy session on how you too can make Six or Seven Figures A Year Buying and Selling Properties all across the USA &abroad;in TODAY’s Real Estate Market go to http://www.VirtualRealEstateInvestingProfits.com or call 1-800-311-9228.

Article Source: http://www.articlesbase.com/real-estate-articles/creative-real-estate-investing-facts-835152.html

Related Articles
- Management of Income Far Rockaway NY
Alright, so real estate investing may have risks, what business doesn’t have? A lot of entrepreneurs are somewhat undecided and apprehensive with making investments on real estate. This should not be the case. In fact, real estate investing is one of the safest and most practical ways of making something out of your money. This venture can go in more ways than one.
- Commercial Apartment Loans Far Rockaway NY
- Income Property Transaction Far Rockaway NY
- Private Lending Credibility Kit Far Rockaway NY
- Great Property Investment Far Rockaway NY
- Tips on Social Investing Far Rockaway NY
- Steps for Working with Mortgage Lenders Far Rockaway NY
- Beginner Investment Guide Far Rockaway NY
- Investing in Gold Stocks Far Rockaway NY
- International Exchange Traded Funds Far Rockaway NY