Your biggest obstacle between real estate wealth and yourself is the down payment. I know: it’s difficult to come up with that 20% down payment to kick start your property goldmine… Until now, that is.
Using this will cut your down payment so that you can finally get started on pulling wealth from real estate.
It’s so simple, but the banks won’t tell you anything about this…
Imagine knowing that you had to put a $15,000 down payment on a property worth $150,000. The thought of that probably makes you queasy.
But that’s why I’m here to show you how you can cut that $15,000 down payment to a small $7,500.
This real estate tool isn’t something that’s well known in the real estate industry, but it’s legitimate, and it could end up being the final puzzle piece to your real estate wealth.
Companies such as Point Digital Finance, Unison Homebuyer, Patch Homes, and Own Home Finance offer to pay 50% of your down payment as an investment.
This is not a loan, and there’s no monthly payments or interest.
It works like this:
- The company you choose pays 50% of your down payment on your desired home.
- This down payment is their investment in you and your property.
- When you decide to sell your home, they take 35% of the appreciation in return, BUT…
- If your home depreciates, they take 35% from their initial capital (meaning you’ll be submitting some of your profits for risk protection).
- You can also buy them out at any time you see fit.
Don’t sweat the idea of submitting 35% of your profits, as this will provide you with the insurance knowing that any small investment risk is shared with the company you choose to go with.
Plus, the amount of money you’re going to be raking in after you use this tool to fast-track your property wealth will cover this insurance time and time again.
The trick to magnifying this real estate fortune is by combining this down payment deal with rental properties.
I’ll put it into perspective for you.
Let’s say you purchase the $150,000 home I mentioned earlier.
-$7,500 Your down payment
-$7,500 Their contribution
You borrow this $135,000 from the bank.
From a 30-year fixed-rate mortgage, your monthly payments would be $375. With taxes you’re probably looking at about $500 a month.
You then rent this home out for $1,000 per month, pocketing the extra $500 in profit.
After 15 months, you can then afford to buy out the partner company and own the home 100%.
This trick can be used over and over again, so you can make them fund your property goldmine as many times as you like.