Ray Como - Posted by James Buster

Posted by Brent_IL on January 06, 2003 at 13:38:22:

Although I have never spoken to Mr. Como, I was introduced to his material sometime around 1980-1981. I learned about ?Transaction Engineering? from Ray Como. It was before Mr. Como was the ?HouseBuyingKing?,? but he was a brilliant creative real estate investor even then, and was buying 3 to 5 houses a month. It was through the King?s writings that I was introduced to the multiple break-up selling technique and the idea of financial synergy within a real estate transaction.

It was another real estate epiphany.

Creative real estate investment is buying on terms. The multiple break-up selling technique involves legally separating the tax deductions, appreciation, and cash flow benefits of a single property and selling them to investors at a mutually-agreed discount rate. Our economy, and more importantly, interest rates, has changed dramatically from the early 1980?s, so the monetary benefits are not quite as large as they once were. Nonetheless, this is an important concept for a creative real estate investor and a key to making profitable offers that get accepted.

I still consider Ray Como to be my unsung mentor. We differ in that his contracts are simplified by design, and mine are written to include everything I can think of. I would trust anything that he writes implicitly.

He is having trouble with his website, but if you do a Google search you will find a link.

Ray Como - Posted by James Buster

Posted by James Buster on January 06, 2003 at 03:15:44:

What do you think of his materials, Transaction Engineering and Lease Options?