Michael Morrongiello
03-28-2005, 12:32 AM
Dan:
Thanks for the invite to come in.....
With the coming changes in the marketplace, the so called "easy mortgage money" programs that have been around for several years and have clearly contributed to this boom in Real Estate values in many parts of the country may see some tightening up with respect to some of the lenders credit and underwriting requirements.
Those that position themselves now in having a better understanding of how to continue to operate during tight money times will continue to be able to operate regardless of where the marketplace heads.
I bought my first property in 1982 and obtain a mortgage loan from a Mortgage lender that now is no longer around. Their so called "teaser" ARM loan program STARTED at 15.50 % !! and I vowed to find out more about alternative ways to make transactions happen rather than strictly borrowing money from banks. That is when I discovered the powerful unity that exists when Real Estate is creatively coupled with Real Estate "paper" financing techniques. The ability to operate without banks, traditional mortgage lenders, or adhereing to their particular program guidelines allows one to continue to make transactions happen regardless of the economic times we may be in.
Over the years we have participated in numerous transactions where we used Real Estate secured "paper" creatively and allowed the transaction to come together when it otherwise would not.
The course book; The Unity of Real Estate & "Paper" is a compiliation of many techniqes, and case studies we've been involved in over the years. Its chock full of stratetgies that you can use any place, any time. For more details go to:
http://www.sunvestinc.com/unity.htm
Feel free to contact me if I can be of any assistance where Real Estate and "paper" financing issues may be at play.
Warmly,
Michael Morrongiello
www.sunvestinc.com
Since 1983 - Creative People with Creative Solutions
# 707-939-9450
Thanks for the invite to come in.....
With the coming changes in the marketplace, the so called "easy mortgage money" programs that have been around for several years and have clearly contributed to this boom in Real Estate values in many parts of the country may see some tightening up with respect to some of the lenders credit and underwriting requirements.
Those that position themselves now in having a better understanding of how to continue to operate during tight money times will continue to be able to operate regardless of where the marketplace heads.
I bought my first property in 1982 and obtain a mortgage loan from a Mortgage lender that now is no longer around. Their so called "teaser" ARM loan program STARTED at 15.50 % !! and I vowed to find out more about alternative ways to make transactions happen rather than strictly borrowing money from banks. That is when I discovered the powerful unity that exists when Real Estate is creatively coupled with Real Estate "paper" financing techniques. The ability to operate without banks, traditional mortgage lenders, or adhereing to their particular program guidelines allows one to continue to make transactions happen regardless of the economic times we may be in.
Over the years we have participated in numerous transactions where we used Real Estate secured "paper" creatively and allowed the transaction to come together when it otherwise would not.
The course book; The Unity of Real Estate & "Paper" is a compiliation of many techniqes, and case studies we've been involved in over the years. Its chock full of stratetgies that you can use any place, any time. For more details go to:
http://www.sunvestinc.com/unity.htm
Feel free to contact me if I can be of any assistance where Real Estate and "paper" financing issues may be at play.
Warmly,
Michael Morrongiello
www.sunvestinc.com
Since 1983 - Creative People with Creative Solutions
# 707-939-9450