Cashless Investing in Real Estate
From the jacket: Investing in real estate without cash is not a dream. It can be made into a reality by the use of various insider techniques, which the most sophisticated investors have been us¬ing for years. Now the secrets of how and why it doesn"t take money to make money are disclosed to you in this eye-opening book. Jack Cummings, a prominent Realtor and a leader in creative real estate financing, provides 40 ingenious insider techniques for acquiring real property with other people"s money. This does not mean that the seller must make the deal without receiving cash. Most of Cummings"s methods generate cash for the seller. The trick is to make sure that whatever cash is used doesn"t belong to the investor. For each of the 40 separate and distinct methods, Cummings demonstrates how, why, and when the techniques can be used to the maximum benefit of the investor. The techniques range from shifting mortgages around to create more equity to the use of scrip to make real estate purchases. Building wealth quickly and without cash is what this book is all about. You"ll learn about the "soft-buy double exchange" and "moon deals"-little known but highly effective ways to buy anything from single-family homes to multimillion-dollar apartment complexes. Then there is the "doublescoop," a simple way to buy two properties more easily than one. These are just a few of the proven, invaluable concepts you need