All Forum Posts by: Miguel Gutierrez

Ok, thanks a lot Ken!! I think I got the idea. I'm still very new to all these concepts I need to study a lot to understand well how to be financially creative in the future for my deals. I'm adding now Wrap to my vocabulary of course. my next question is where can I go or with whom I can talk to explain more in deep these options, the pros, and cons, and hire someone to help me and teach me all the paperwork that I will need to do properly and make a real offer, and to try to buy without traditional bank loans a property that I want for investment.

Thank you so much for your help and time

Thanks Chris for your comments.

sorry i didn't explain well. let me try again  showing  some numbers like an example , and I hope that works better.

I was trying to ask is what could be a good financial strategy if I find a good  property (location good shape etc..) and the homeowner for example want to sale for market price for example $400k but he still has a loan  $200k at 2%interest rate so he has nice equity  $200k but also he still having big debt another  $200k but with good interest rate these days. 

my question which strategy would be good one if I want that buy that property using creative financial trying to avoid ask a new loan at the bank

Thaks again 

Hello,

Im an aspiring Real Estate investor..and I appreciate your feedback to know what could be a good strategy and still being creative if you want to buy a deal with good equity but still important debt? 

theres is a combined strategy for subject to and seller financial?

Thanks in advance for your comments 

Hi, My name is Miguel,

My wife and I we have a household income $140k/year.

we have a 30year debt loan (220k with 2.4%interest rate)

we have 45 and 42 years old and 3 kids (4),(7)(10)

we have now $600k in cash right now 1/2 invested by our self in stocks from savings last years but consuming a lot of time and energy to do that, and the other 1/2 of the money came money thay we inherited and is right now still managed the same financial advisor that they were managed before the money without great results for the moment in the last couple years.

we would like to keep just focused the next 10-15 in our kids and our work, but we would like to maximize as much as possible our networth to be in a good financial position for us  and our kids when we cross the 60 years old border!

what you will do in a situation like us? 

Thanks in advance for all your comments!!