Having Problems Taking Equity Out of Your Investments at the Closing Table

The new hotness but really the old hotness
in Real Estate Investing is the DISBURSEMENT!
I have had quite a few conversations with fellow
investors about the double-closing situation. Some
investors have experienced problems with title
companies who are unwilling to perform double-
closings and other investors live in states where
double-closings are just plain illegal. Well I've
got a quick solution to the double-closing problem.

1. Set up an LLC that has financial at the end of it.
i.e. A.S.A.P. Community Financial
Congratulations, you now own a bank.

If you are a wholesale specialist, this is a great way
to put your assignment fee on the HUD-1. Here's a
great example. I am going to put a single family
home under contract for $65,000. The property is
worth $100,000. My assignment fee for the investor
is going to be $5,000. You may be a part of a group
of investors who exchange assignment fees prior to
closing, but in the "real world," assignments are paid
at the table when everyone else gets their checks.

2. Write a mortgage payoff to the title company for
the amount of the assignment fee. It will show on
the HUD-1 as a 2nd or 3rd mortgage payoff from
the seller.

The contract price for this transaction will be $70,000,
but the net to the seller will only be $65,000. This is
a very smooth, legitimate, and effective way to collect
an assignment fee without having to rely on personal
trust. A.S.A.P. Community Financial will have certified
funds in the amount of $5,000.

This method can also be used for your retail buyers in
the same fashion. If I have a contract on the same
property executed at $65,000 and I have a retail buyer
ready to purchase at 95,000, I can write a payoff to the
title company for the amount of the profit I would like
to earn and I have just eliminated the need to fund
the deal in total, prior to selling. You must make sure
the contract has the seller and investor name on it.
Your company's name will appear on the HUD-1 as
contract work or consultant.

Try it and see what happens. You have nothing to lose
and if it doesn't work for you or you have questions you
should email info@miltonyates.com.

Blessings to your Real Estate Investing Riches,

Milton B. Yates
www.miltonyates.com