http://www.IncomeBuyer.com email: IncomeBuyer@gmail.com Interview with Multi-family investor and Income Buyer Jorge Gandelman Resnik about the advantages selling and purchasing income properties using PMM (Purchase Money Mortgages) or seller financing in tight Financial markets. The idea to is structure monthly interest payments interest only specially the initial two to five years ir orde to have enough possitive cashflow to improve property and allow inflation to work to your favor. Sellers alos have the advantage of being able to sell their property a lot faster. Sellers dont worry, we can cash out your mortgage and note at closing ar soon there after the closing.
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This video is about why the Assignment of Rents Act in 2005 assures the Sellers of income producing properties that they have little to fear if they provide seller-financing to the Buyer of an apartment property such as this one. This video is about the benefits to the Seller when they become the mortgagee and receive a 30 year fully-amortized, seller-financed, Purchase Money Mortgage. If this property was sold for ,200,000 today the Buyer could contribute 10% cash, which is 0,000 at closing, and the Seller could receive a purchase money mortgage for the remaining amount of ,080,000. With the terms set at a 30 year U.S. Treasury Bond rate of 3.754%, a fully amortized principal and interest payment to the seller for 360 months would be ,004 per month.
If the apartment property Buyer fails to make even one monthly loan payment to the Seller, that Seller can then exercise the Assignment of Rents document, walk into the building and serve notice on each individual Tenant, and thereafter the Seller can collect all future monthly rents directly from each individual Tenant permanently, unless or until that Buyer makes up the missed payment and corrects the default. That Buyer will eventually lose his rights to the ownership of the property if he does not correct the default. The Assignment of Rents document is one primary reason why there is little chance that an experienced Buyer will risk losing his initial investment of 0,000 by not making the relatively small ,004 monthly payment to the Seller. The Buyer of this apartment property will be collecting a monthly average of ,448 in rents each month and then simply sending ,004 to the Seller. Please visit ApartmentTrustees.com or call (651) 338-8487 or (651) 317-9811.
……….ALSO ……………….
Click this: “Apartment Investor with ,733,500 Wanted”
http://youtu.be/bmO9bOdwdvk
Also click: www.ApartmentTrustees.com
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