/24-7PressRelease/ - CHARLOTTE, NC, October 04, 2007 - Nothing about real estate investing is easy anymore with mortgage companies tightening their belts. The days of buying investment homes with 100% financing with average credit have gone by the ways side along with sub-prime lending. Investors have been left looking for other methods to purchase homes.
This week on Get Real, The Real Estate Investing Show for the Rest of Us, spoke with Don Derosa, Subject-to financing expert. Mr Derosa provides an alternative to the old style of funding a deal. "How many people do you think you know that have $5,000 - $7,500 sitting in an old IRA or 410(k)?" he asks assuming to know the answer. According to Don most investors have a lot of friends, family members and associates with this idle cash. It is a perfect opportunity in his view to cash in on the current market.
Unfortunately most homes are not selling for $5,000 each. Don Derosa explained how Subject-to financing allows real estate investors to control properties without holding the mortgage and thus avoiding the current mortgage woes. The often distressed homeowner is still assisted by alleviating the monthly mortgage payment and can move on to their new housing needs.
Get Real is a top 5 iTunes business podcast that can be heard at http://www.getrealrei.com , through a news reader at http://feeds.feedburner.com/GetrealREI or by searching for "get real real estate investing" through iTunes. The Husband and wife duo of Lynn and Judson Voss provides a down-to-earth, real world view of real estate investing for current and future real estate entrepreneurs.
Get Real REI is an educational service provided through new technolgies such as podcasting to allow real estate investors to become better educated.
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