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by Ray Jamieson
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page 5 of 8 |
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ing this way, you don’t forfeit the “opportunity cost” of not having access to your money for other opportunities that come up. Letting it sit idle in a trust account doesn’t help you at all!
Lets look at the RETURN ON INVESTMENT.
How important is it for you on a ROI basis to not put down a deposit? (ROI = Return On Investment)
1.EG, You buy a $100,000 property for cash. What is the ROI on it, if increases by $10,000 over 12 months? 10%
2.What if you only put down $10,000 and it increased by $10,000? 100%
3.What if you put NOTHING down and it increased by $10,000? Infinity. An infinite return on investment. Truly, something for nothing!
The same property – but we used 3 different ways to buy it. And remember, your $10,000 was earning perhaps 6% - 10% PER MONTH in a share portfolio while you didn’t need it. What is the opportunity cost, to miss out on it?
So now that we have established that it IS worthwhile to buy real estate without a deposit, is it possible? Absolutely. I will list 6 methods now that are eminently suitable, although there are more. However, as we are limited by space here, full details and the critical warnings are fully outlined in the associated e-book on the www.atozebooks.com website.
1Full Vendor finance
2Part Vendor finance
3100% bank finance
4Long Term Unconditional Contract
5Long Term Conditional Contract
6Deposit Bonds
Important point - not every method is suitable for every property. Not every method is suitable for every vendor. The methods CAN be combined to make their application simpler and better for everyone. Each has a small minefield attached for the unwary, so please again ensure you have your legal and real estate buying team ready to support and advise you BEFORE yo make a m |
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