Posted by Marc NJ on April 07, 2003 at 23:19:40:
Takl to Joe Kaiser about this. It seems to be the system he has been working the last couple of years. He spoke of this at the convention so hes about the only one I can recomend. Good luck, hope it works out for ya.
Marc
Anyone ever done an Equity Share?? - Posted by Mark Wolf
Posted by Mark Wolf on April 05, 2003 at 23:33:52:
I would like to approach some prospects for doing an Equity Share deal that basically allows me to live in a very nice house by offering the seller of a house that is already paid off today’s market price for their house but only paying him Interest only payments so my payment is way way less than the market rent or regular financing would be. I would agree to sell the house in 3 or 5 years and give the seller the amount we agreed to 3 or 5 years earlier plus half of all the appreciation. So the seller gets way more than he would by just dropping the price to sell in this economy (if he can wait for the equity) he also gets monthly basically his taxes covered plus a little cashflow while having me keep up the property and improve it and gets to enjoy the higher appreciation by waiting a few years to get past the bad economy we have currently instead of selling now at a low point and not making nearly as much. Obviously, the person who would do this is a rare bird but I’m sure there are a few out there. My real question for anyone who has done this or is in the know: how would I approach the subject with the seller, without them saying no too soon before hearing all the benefits? How do I frame it?