Financing Your Real Estate with Vendor Take Back Mortgages

By Dave Peniuk

A Vendor Take Back (VTB) is simply where the seller (Vendor) of a property is willing to provide some (or all) of the mortgage financing on that property. As a real estate investor, I ask for a VTB on the majority of the deals that I am involved with. It doesn't hurt to ask if the vendor would be willing to carry the mortgage - even if it's only a smaller 2nd mortgage. There are significant benefits to both parties involved in the deal. And asking that one small question could provide you with an additional $5,000 - $10,000 in financing!

Using other people's money is a clever way to use leverage and enable you to buy additional properties (as long as you aren't over-extending yourself). Or, the extra money could be used to renovate, refurbish, or spend on the marketing required to rent out your new property.

As the purchaser, there are other potential benefits for you as a result of obtaining a VTB:

- As with bank financing, there is generally no pre-payment penalty if you pay off the mortgage early;

- Since vendors don't often ask for all of the documentation that is required by banks, financing your property is quicker and easier; and

- Your credit score will not include the mortgage and it's value (as is now becoming more common with the big banks and credit unions).

For the seller (vendor), the benefits of a VTB include:

- A way to make a distressed property or a difficult deal more attractive to a buyer (investor) by offering property financing;

- The vendor may make considerably more money on the property by charging a higher than market value interest rate and collecting it back over time;

- Monthly cashflow from the property keeps coming in, even after it's been sold;

- A vendor with a VTB can currently obtain a 5% or higher interest rate return on their equity in the property (depending on the structure of the deal), whereas if they had put that money in a bank savings account they would only be earning a standard interest rate (about 2% or 3%);

- The absolute worst thing that can happen to the vendor is that they will have to foreclose on the purchaser - and will then get their property back (if it's a first mortgage). This is because the mortgage is secured against the property.

Your real estate lawyer will create the VTB documentation, in most cases. Always ensure that your lawyer has thoroughly reviewed the Purchase and Sale Agreement and the mortgage documents and all of their associated conditions. You will also want to speak with the vendor to determine if the term can be extended (if required) when it comes due. - 23208

About the Author:

Find out How to Retire with Real Estate with Dave's free Real Estate Investing Starter Tips Guide. Find out how to plan for financial freedom, extra monthly income and massive wealth with tips like: How to find quality rental properties, finding and keeping great tenants, and easy ways to finance your deals with Vendor Take Back financing.

Buying in Parker Colorado with the Help of Parker Realtors

By Bruce Durrell

It's always a good idea to talk to Parker realtors before you decide to purchase a new home in the area. 20 miles Southeast of Denver is Parker Colorado which has attracted new residents for a number of years. Its small, family community is preferable for many people traveling to the area, but it still provides all of the entertainment and shopping you are searching for nearby. New home owners will also be fascinated by the fresh mountain air and beautiful scenery that the Rocky Mountains have to offer.

The history of Parker, as it started only as a train stop, is often told by Parker Realtors. The community has increased in size tremendously and now houses over 45,000 residents. However the town hasn't lost its heritage as the old Pine Grove Way Station has been replaced with Parker Station which is still in operation to this day. Parker still offers its trademark 5 globe street lights that you can view while walking downtown.

Your new home in Parker will have to take into consideration your budget and what type of home you want. Parker realtors will know exactly where to look to find the house that is best for you. Parker has several communities that offer multiple styles of homes such as conventional smaller homes and larger ranch style homes. Homes in Parker average around $300,000 and condos average out to be about $150,000. Compared to living in Denver you may find this to fit your budget better.

You should also ask Parker realtors about the amenities each community has to offer. The city is home to The University Center at Chaparral and Arapahoe Community College, but the University of Phoenix - Colorado Campus and Community College of Aurora are only 15 miles away as well. The city offers multiple forms of recreation including the Parker Field House, the H2O'Brien water park, and multiple parks and paved paths. Parker also offers public activities that your family can enroll in. The indoor turf field and in-line skating rink are often populated by kids during summer vacation. As if this wasn't enough, the area hospital is just outside of the city.

Local festivities encourage everyone to attend and have a part in. After moving into a new home residents will take some time to visit the county festival as well as the Parker Mainstreet Omnium. The city also puts on a special Christmas Carriage Parade and multiple concerts in the park. There is always something going on, so be sure to ask Parker realtors about something that might be of interest to you!

All in all, Parker is a great town dedicated to a quiet family lifestyle. If you have children then you may want to ask Parker realtors about the 15 schools that the city offers. With new residents always arriving you can expect to meet multiple people as well as be warmly welcomed into the Parker community. - 23208

About the Author:

Bruce Durrell is a Parker realtor who helps clients buy and sell homes and investment properties all throughout the Greater Denver area, Aurora and the southern suburbs. Read more and get in touch with them today by visiting Parker Realtors which is full of great information about Parker homes before making any decisions!

Groundbreaking Planning Ruling Launches Joao Pessoa, Brazil onto World Stage

By Leslie Richards

After many years of negotiation the Federal Government, Ministrio Pblico Federal (MPF) has granted the state of Paraba permission for the construction of a conference centre in the state capital of Joao Pessoa. The centre will be constructed in Cabo Branco, a tranquil area with a splendid beach and great restaurants and bars. It is Joo Pessoa's number one residential district and an ideal investment location.

It was confirmed by Infrastructure Secretary, Francisco Sarmento, that the Government of Paraba has now fulfilled all necessary terms laid down by the MPF and works will start in September. The conference centre has an estimated budget of $50 million.

The conference centre sits within a large masterplanned area with proposals for at least six large resort hotel schemes. Investors have watched with interest as legal arguments have raged over the land for over 20 years.

The State and Federal authorities had, until now, been unable to reach agreement regarding the protection and replanting of native vegetation, safeguarding of the beaches and investment into regularizing the water supplies for the area. However, now agreement has been reached it is widely expected that planning permissions will be granted and development commenced rapidly.

This approval is expected to bring a boom in tourism to the area with the construction of many new hotels and resorts to accommodate the burgeoning number of visitors attending new cultural events and conferences. The knock-on effect will of course be a surge in real estate values, which is good news for the canny investors who already have Joao Pessoa on their radar.

Joo Pessoa is one of Brazils most exciting yet little-known cities. It is located on the Brazilian North East coast and is home to some of the most beautiful beaches in the region. Known as the gateway to Europe due to its position as the most easterly point of the Americas, it is popular as a holiday destination amongst Brazilians from the South who choose it for its charm and absence of towering high rises that dominate some of the more heavily developed North Eastern cities.

Joo Pessoa is renowned as Brazils safest city with great restaurants, lively bars and extensive shopping areas. It is also officially the world's second-greenest city, full of squares, gardens and areas of preserved natural forest.

Joao Pessoa has a lively cultural calendar and seems to play host to some high-profile event or other just about every weekend. From street races music festivals to art exhibitions and literary gatherings, there is always something special to see or do.

Paraba and Joo Pessoa in particular, is experiencing rapid growth within the domestic market due to its economic expansion and migration from the south, and international interest is growing apace. This area offers investors excellent year-round rental prospects due to its 12-month season, as well as a growing stream of international investors and domestic buyers should they wish to sell on their investments. The development of the Conference centre and the proposed hotels and resorts will only increase the investment potential of this great city. - 23208

About the Author:

Leslie Richards wrote this article and is a land consultant to Brazil Land Invest. There is a massive demand in Brazil for Affordable Housing and we advise you to visit our site Brazil Land Invest for more facts on this exciting area..

How To Find Buyers For REO Properties

By Jerome Pennix

The process is a long one after a home is foreclosed by the bank. The banks take weeks if not months after foreclosure to get their paperwork together, do evictions and minor clean up and make the assignments to the real estate brokers who they have hired to handle their properties. But the time of clean up and eviction is not a problem for the savvy investor, it is an opportunity to round up buyers so that these properties sell almost immediately as you get them under contract.

REOGoldMiner.com is the premier site to find and valuate these REO deals. In order to turn these deals into profits, we suggest an investor start the process of rounding up buyers as soon as the property is under contract. Videos, photos and massive email lists are several ways to attract your potential buyers.

Whenever you advertise your properties use photos or better yet video. Ill get to more video in a minute. This tends to get the buyer serious before they visit the property. Even for buyers of a 100K home, they like to see pictures and it helps the buyer make an emotional connection. Investors and the individual buyer now search the internet to find homes that they can get serious about buying. It is very important to give them enough information to make a decision.

Another effective tool REOGoldMiner.com suggest videoing the property. Taking video has expanded on the process for buyers when they are searching the web. If you can desplay to the buyer the property in detail by exposing the floor plan that photos can not, then the buyer can make a more qualified decision on what they need to look for when they see the house to make the decision process of a yes or no faster. Video on the internet is the newest, latest and greatest method of advertising your properties for sale.

Lastly, getting a list of potential buyers is also another must in the market of bank owned houses. Initiating the action before the house sits on the market for long is monumental for the REO investor. If you think about 10 years ago in the real estate market, buyers came to listing agents to see what they had for sale. Many buyers still do the identical thing even though they have access to the internet and the listings. But, if you have a list already developed of potential buyers it will get your property to sell much faster. - 23208

About the Author:

REOGoldMiner.com not only offers the ability to find the REO properties but we also offer a community of investors that our members can also advertise their properties to. REOGoldMiner.com finds you the REO properties and even gives you an avenue to find buyers right through our site. Helping you get your properties sold as quickly as possible.

A Forex Tutorial On How The Forex Market Works

By Bart Icles

Learning the basics of the foreign exchange market is part of any forex tutorial. And part of learning the basics is learning more about how the foreign exchange market works. We may all know that a certain type of forex market exists in any place wherein one currency is traded for another. You can say that the foreign exchange or currency market works as an international market for different kinds of currencies. Through forex trading, investors from different parts of the globe are able to exchange currencies.

Practically, the forex market works through the exchange of currencies. This currency exchange makes the forex market unique because investors are able to buy and sell money all in the same time. Currency trades are done in pairs wherein one currency is paired with another. Some of the most common currency pairs include USD/CHF or the US dollar and Swiss franc, EUR/JPY or the euro and Japanese yen, and CAD/USD or the Canadian dollar and US dollar. Presently, the forex market is the largest trading market in the world, where in more than one trillion trades are done each day. Turnover rates in the foreign exchange market are almost thirty times larger than the total volume of equity or stock trades in the United States.

In spite of its large volume and popularity, the public remains to be relatively unfamiliar with the foreign exchange market. The currency market was made open to the public only in 1998, when large inter-bank units were broken down into smaller pieces and offered to the public.

Before 1998, the foreign exchange market was only meant for big players like banks, large currency dealers, and multinational corporations. These days, the currency market is no longer limited to large-sized businesses that have strong financial backgrounds - even individual traders are allowed to participate in foreign currency trades. Nevertheless, large international banks still remain to be the major traders in the foreign exchange market. These large banks are said to be in control of almost 70% of the trades in the forex market.

If you are looking into joining the unpredictable yet rewarding world of currency trading, it would help a lot to spend time in learning the ins and outs of forex trading. You can start with a simple forex tutorial on market basics so you can have an idea of how the market works. The amount of time you spend on learning more about the currency market and the quality of forex education you receive can pretty much determine your future success or failure in the forex world. - 23208

About the Author:

A forex trading system is powerful when coupled with a desire to learn and a drive to become a great trader. Learning forex trading systems takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.