FREE
&
CLEAR
Home Seller
Strategy
A large section of the
free
and
clear. In
other words, these homeowners do NOT have a
monthly
mortgage payment. But, these homeowners
might have a
concern about their
retirement years.
Although they might not
need all of their money from the sale
of their house right now, they
would like a steady flow of
income to finance their
retirement.
As a real estate
investor, I
can structure a
real estate deal to help homeowners
during their retirement years.
It works
like capital preservation.
For example, if
you were to place a large sum of money into an investment and
later on down the
road it would decrease in value, then a large amount
of money
would be lost.
Your retirement fund would be
dramatically hindered.
An alternate,
safer, strategy
would be REAL ESTATE.
to secure your retirement.
In the process, though,
I would recommend PRINCIPAL
PAYMENTS
only, not including
interest.
The reason being is because interest
received / earned by you would be taxable in the eyes of the
I.R.S. For
a single
person,
the first $250,000 of a gain on the
sale of a principal residence is tax-free.
For a married couple, the first $500,000 of a gain on the sale
of a principal residence
is tax-free.
absentee owner, then you are an EXCELLENT candidate for this creative
real estate
strategy.
***Here are a couple of BENEFITS to using this type of
creative selling strategy:
If money is owed to you at
the end of the term, whether it is 10, 15, or 20 years,
then you would be entitled to a “nest
egg”
payment. This is an excellent oppor-
tunity to plan ahead later on down
the road.
It is
possible to come close to the homeowner's asking price when the term
of
the sale
is "stretched out" for 10, 15, or 20 years.
In addition, if
negotiations occur, the homeowner's asking price could be met
if the term
is "stretched out".
