Special offer

Golden Tenants

By
Services for Real Estate Pros with Mike Watson Investing

by MIKE WATSON on JUNE 27, 2008

Most profitable investors are doing two key things that others are not doing right now. The first skill is being able to provide seller-financed mortgages to buyers and obtain seller-financed mortgages from sellers as a buyer. Just because banks don’t want to give mortgages doesn’t mean sellers can’t and won’t.

The second skill is learning how to find or create available product to sell that would have a mortgage payment equal to or lower than rent through property use change. Imagine how easy it would be to sell your investments for profits if the buyers could get mortgage payments lower than their current rents. This technique and ability is extremely profitable. I will be teaching these skills at an upcoming Seller Finance camp in sunny San Diego.

I have a student from a large metropolitan area that is working with my “Equity Builder” program with tenants. In his tenant search, he just found a nurse that makes $86k per year, has very little personal debt and a fico score of 796. She is paying $2,200 per month in rents. My investor has several investments he can sell her for a profit of over $30,000 and estimates that there are another 1,000 properties in the area that would yield a fixed mortgage payment lower than her current rent. The best part is that he just started this tenant procurement program and he has had amazing results.

The nurse had no idea that she could purchase a property with all the negative press the market and mortgage industries are getting right now. The sad thing is that a lot of good people aren’t buying because of all of the negativity when they should be buying. Amazing investors are using programs and advertising to locate these types of tenants. There are a ton of them.

As prices fall, more investorse will profit by helping people that don’t know their own financial abilities to follow the American Dream and own a home.

Learn more about this system with my free ebook and video.