My friend told me that her parents are planning to move out of town and sell their home in the city. I told her that when they were ready to let me know as I would be interested to buy it. She told me the price they had it appraised for and looked at me quizzically when I said I would buy it at full price. To an novice in the world of investing it seemed like I couldn't win on this deal. However, when you are into creative real estate investing it makes a lot of sense.

They were getting caught up in confused emotion as they didn't want to put their home up for sale too early and have to rent elsewhere, yet if it takes a while to sell or the possession dates don't line up it reduces their options and brings more emotion into the picture.

Speaking of emotion, her mother practically danced for joy when I told her that they could sell the home to me now and rent it as long as they want to while their new home is being built. They don't understand how I could be happy with this arrangement but it is definitely a win-win situation for both of us.

They are happy because they get to stay in their home no matter how long their new home takes and I am happy because I can buy that home at today's price and watch it appreciate while they take care of it after the sale. It's a win-win and everyone is happy with the sale.

Rhonda Hoffman

Enter your search terms Submit search form

 © 2006 - 2008 iwebinvestor