Cash at Closing
By Joseph M. Kaiser

Cash at closing . . .

Just More Seminar Buzz

How many infomercial course do you think get sold as a result of pitching this technique? Answer . . . plenty!

Getting worked up about some secret technique that puts cash in your pocket when you buy properties is just plain dumb.

Well duh . . .

Guess what? Real estate agents have figured out how to get p

aid at closing so tell me, how difficult can it be? Cash at closing happens all the time when you're using your brain to buy and sell real estate.

Remember that Lesson about hard money loans? Did you happen to notice we walk out of escrow with cash more often than not?

Well now you know how to get cash at closing and I just saved you three easy payments of $49.95.

Go find a hot to go seller desperate for cash and understand upfront that anything you negotiate below sixty five percent of value is cash in your pocket.

You just sign it up, pop over to that friendly hard money lender, pay the seller out of the sixty five percent and pocket the difference.

Mysterious? Not in the least.

If you're one of those investors who have decided that for the present time anyway, flipping properties is all you really want to do.

Maybe you're taking my advise and since you understand that it takes money to own rental real estate you're thinking about doing a year or two of flips before you buy something to keep.

Smart.

So tell this . . . what percentage of your deal will be cash at closing deals? The answer, obviously, is one hundred percent of them!

If flipping properties is your thing, its likely that you'll have designed and implemented a system which results in you getting paid each and every time a property gets closed.

By the way, did you order the course? If you did, you know that their method for getting cash back at closing has more to do with simultaneous closings. Not a real good thing to be teaching new investors if you ask me.

Double closing often require your moon to be in Jupiter on the day closing is scheduled, and if the real estate gods don't happen to be on your side that particular afternoon, sorry Charlie, you're flat out of luck.

Did I mention that it rarely makes sense to design a game plan that requires an alignment of the planets before you get paid?

Yes, I thought so.


Summary

Getting paid at the closing table when you buy isn't particularly difficult or in any way a well kept secret only available to those will to offer their souls (and a couple of bucks) to the real estate gods currently ruling from on high numbered, late night cable channels.

Cash back at closing, for the smart investor, is a virtual given if that what he decides he wants to happen.

It is not a requirement more often than not but if desired, can be designed into the game plan as needed.

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