Taking Advantage of Unique Opportunities to Embrace Creative Real Estate
Negative equity is a result of the recent economic decline and the effect this has had on the housing market, where individuals now own homes that are worth less than the mortgages they are paying.
While this may be a very troubling scenario for a large number of individuals, there are opportunities to take advantage of when trying to either escape this environment or take advantage of its unique first home buyers atmosphere.
If you find that you are an individual who currently owns a home that is experiencing negative equity, there is a unique opportunity that a person can take advantage of, when they develop what is known as a property fund.
In the home sales environment, most individuals are familiar with the demand that is associated with utilizing bank loans and vendor resources, in order to gain access to enough money to purchase their home.
When you have a party that has shown interest in purchasing your home, you have the unique opportunity to act as a lender, rather than strictly a homeowner.
This is accomplished through the utilization of creating your own property fund.
Through this resource, you will allow another individual to purchase a home at no expense to them and simply create a 10 or 20 year plan with these individuals, which will incorporate a monthly payment, in addition to an interest on the home.
This will benefit you, since you will be able to accumulate enough money to pay your mortgage each month, while also generating a net profit.
This benefits the new homeowner as this will allow them to invest in a home without having to put any form of down payment or have to face the scrutiny associated with the banking industry.
This will allow you to escape your source of negative equity, as you benefit from the unique opportunities of creating your own property fund.
For first home buyers, the current environment of negative equity represents a very unique opportunity to take advantage of.
Rather than relying on the conventional resources of the traditional sales environment, take advantage of the unique opportunity to identify motivated sellers that will help you to get into a new property, at little to no cost you.
By identifying homes which currently have negative equity, you will be able to approach these homeowners and take advantage of a unique opportunity to absorb their debt and allow them to become free of their home demand.
This will allow you to instantly gain access to a new home at no cost you.