Richard Roop Free And Clear Cash Machine - Part 2

When investing in Free and Clear Property (or Real Estate with high Equity) it is crucial to know what steps to need to take to make sure you achieve the success you are out to get.

Follow these steps to make great offers on free and clear homes:

1. Determine what price range you expect to get quickly offering flexible owner financing to a buyer

2. Determine the min. monthly income you can get each month by selling on seller financing (or renting)

3. Identify the minimum you want earn (Profit) from this transaction

4. Sum up you projections for costs of marketing, Escrow cost, financing and selling

5. Sum up your projected costs for repairs and holding cost until Sold or rented

6. Decide if you are going to pull out some extra cash when buying

7. Determine how much money you need to raise to finance the deal

8. Determine the cost per month of raising these funds on a private investor 1st mortgage

9. Determine the overall cash flow which should be clearly positive (and calculate without including any eventual monthly payments to the seller on a second mortgage)

On such a free and clear deal Your max allowable offer (MAO) equals:

* Take your resale price, subtract from it your target profit and all your cost to buy, hold and sell, then

* For the term of your seller carry back Installment sale note - add the total positive passive monthly income then

* For the term of your seller carry back note - add in the total principal reduction

If you do not offer more than this final number, then you'll meet your target profit goal.

The beauty of this investing system is that you structure 0% owner financing with the property owner. And there so many different reasons why sellers are accepting offers with no interest on their equity.

Many investors don't think sellers will accept zero percent financing, or wait 5 to 15 years for their money… but they actually do… and they do it all the time. But you have to ask, because they won't volunteer.

The Seller financing advantages for you are just great.

* You can collect all the passive and positive cash flow on the Home (or land) when the seller accepts no monthly payments. If you could net $1,000 a month for let's say 7 years (= 84 months), would that be worth getting involved?

* The truth is, you can make any House cash flow by only offering the seller monthly payments on the basis of what the houses can afford. And any monthly payments you do make are principal only (0% financing remember?) and will therefore pay off the house FAST… creating a huge Profit at the end. If you could buy a house with no money down, get at a positive cash flow, and then collect $50,000 or $100,000 within three to ten years, would that be a deal?

* And if you like, you can pull most of your profit out in advance… in cash… on the day you buy it. There's no rush to quick-turn these properties when you have no money tied up in the deal and you've collected an extra $10,000 or $30,000 in cash on the day you bought it.

It may seem complicated and difficult, but it is not at all. The marketing for Sellers is fast and easy. Filtering these leads and selecting the ones you want to work with is simple (Hint: if there's a lot of equity… meet the seller in person!). the Negotiating and deal structuring is as systematic as 1,2,3. Therefore the deals you get using this Systematic Approach are easy to resale quickly or just occupy or rent forever.

Use the steps above to structure multiple offers and then recalculate different offers based on:

1. Asking the seller to wait for ALL their equity, 2. Passing on to the seller the positive net cash flow each month, 3. Giving a down payment upfront to the seller and 4. Some combo of "some cash now", "ongoing cash flow" and "cash in the future" to the seller

Sound too good to be true? You'll never know unless you try and believe it work for you. Click the link below to learn the innermost secrets of how Richard Roop can teach you many people have done this and how you too can get freedom through Free and Clear Houses.

Here's some actual Proof to get you excited and motivated…

* How Mark from Virginia netted an extra $10,000 in cash at closing buying a $165,000 house with no money down, creating 0% financing with the seller for 7 years at $400 a month.

* How Mike from Washington collected an extra $25,000 in cash at closing when he bought a $120,000 house no money down, creating 0% seller financing at $500 a month for 8 1/2 years.

* How Mark and Mark from CA purchased a newly rehabbed and remodeled house woth $400,000 which they will be able to rent for $1,800/month for just $290,000 with zero money down, structuring 0% financing with the seller at $800 per a month for 10 years.