It's NOT About The Price!
When I met a veteran real estate investor a few years ago, that was when I learned that's NOT about the price. Unlike the typical real estate buyer or the so called "investor" who cares about lowballing and buying below tax assesssed and getting the property at below market value, the Veteran Real Estate Investors don't always think like that.
They think differently. They think outside of the box. They think about terms.
What? What do you mean? Isn't it about the price?
That's what I thought too. But, often veteran real estate investors are willing to pay market value or EVEN ABOVE MARKET VALUE if the terms are favorable.
What do you mean if the terms are favorable?
What if you could get the seller to give you a mortgage at an incredibly low interest rate? That would be called a vendor take back mortgage, a term that describes a seller giving you a mortgage so you if you can't your banks to give you money or give you a good rate, the seller would give you that mortgage and you'd be making your mortgage payments to the seller, either weekly, bi-weekly or monthly or whatever you guys agree to.
The post How Veteran Real Estate Investors Buy Homes At A Bargain, *Hint* It's NOT About The Price appeared first on Gary Wong Realty Vancouver, BC.
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