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Hello and Welcome!
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Thanks again to those of you who joined us at our free event last month:
"At The Crossroads:
Choosing the path to profitable investing." It was
a fun, energized, educational evening, and it was terrific to meet and
chat with so many of you face-to-face.
In this month's edition of ForeclosuresMass Monthly, our focus on giving
you all the information you need to become a successful investor
continues, as we drill down on the topic of creative financing.
That's right, creative. Because while you're no doubt familiar with how
most people purchase most properties - go to a bank, apply for a loan, put
down a 20% deposit, etc. - you may not realize that there are several
other (legal and ethical) ways to finance a purchase, many of which may be
better for you - depending on the property and your particular situation.
We begin with an article by regular ForeclosuresMass Monthly contributor
George Riley, office manager at Exit Realty Center in Stoughton, and an
experienced investor and consultant. George's article, "Financing of
Investment Properties: Options, Pitfalls, Recommendations," cuts right to
the chase in laying out four different investment strategies - none of
which involve borrowing money from a bank.
In our second article, "Seller
Financing - An Attractive Option to
Traditional Methods," Asheesh Advani, PhD, founder and president of
CircleLending, Inc., explains in simple terms what seller financing is,
how it benefits the seller, how it benefits the buyer and, perhaps most
importantly, what to watch out for in entering into this kind of
arrangement.
* Next 37 17 investors only!
Our "Interview with the
Expert" segment this month is with Trish Signet,
Loan Officer with Summit Mortgage. We caught up with Trish at her office
in Lexington, and asked her to spend a few minutes on the topic of 100%
financing. We asked the questions we thought you'd ask if given the
opportunity to chat with a real estate expert on this hot topic. We know
you'll find this interview well worth reading.
And finally, we bring you Debbie Siegel's
Mortgage Minute, our monthly
column in which we explain a critical real estate investing concept. This
month, Debbie explains the difference between "Listing Price," "Tax
Assessed Value" and "Appraised Value." Although you'll find all three
terms used in connection with property value, as Debbie explains, they are
in no way synonymous.
That's it for this month - we'll see you next time!
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Jeremy B. Shapiro
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Sheila Farragher-Gemma
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Co-Founders, ForeclosuresMass.com
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