Comments on: Creative Financing In Large Real Estate Transactions

By: Real Estate Finance

Real Estate Finance — Wed, 13 Jan 2010 13:33:39 +0000

[...] People relatively new to the real estate industry will see this as new and different, while those of us who have been around a while will tell you that we are just dusting off old skills and techniques that we haven’t had to use since the 1990s. It is time to re-establish all of the networks and processes that we used to help people buy a home without traditional financing. [...]

By: Mortgage Loan

Mortgage Loan — Mon, 20 Oct 2008 16:43:04 +0000

Thank you for the tips! Getting a mortgage loan can be a bit scary and it’s good to have as much information as possible before making a decision. This was great information.

By: Rob

Rob — Sun, 12 Oct 2008 07:14:00 +0000

I would sell the house, even if it means cashing out a portion of the IRA to pay the deficit, taxes and penalty. Even if it is $150K, they will be left with a $350K IRA, can downsize to a $250K house and use the money they “save” on the mortgage and taxes to replenish their IRA.

By: Joe Manausa

Joe Manausa — Sat, 11 Oct 2008 14:15:13 +0000

Tony, I’m not sure I understand your point. If they use a hedgeloan to pay their mortgage down, they haven’t made a difference in “preserving cash/living within means” category. Selling their home now without “absolutely needing to” is foolish, you don’t buy high and sell low. The real estate market will recover and that will be the time to sell the home. If you analyze the loss offset as well as the penalty on the IRA withdrawal, your observation would have them lose the whole IRA.

By: Rob

Rob — Sat, 11 Oct 2008 13:39:23 +0000

The ability to “think outside the box” is really the essence of creative financing, rather than just a collection of a few loan products. Look for many more great Tallahassee Real Estate Blog articles that feature “creative financing” at the theme.