How does tax deduction help the buyer?
Does the buyer get future appreciation of the property?
What do I need as a buyer to get started?
Do I have to choose from available properties or can you find a home that matches my requierments?
What are buyer benefits?
You can own your own home or investment property now without Down Payment, Bank Qualifying or Credit Hassles ...your own home or investment property. Think about this: As a prospective buyer, we do not turn you away because...
- You are new on the job.
- You are self employed.
- You are burdened with credit history that haunts you.
- You lack a down payment.
- You are cursed with former bankruptcy, foreclosure, offers in compromise, marital dissolution, etc.
You can begin immediately to enjoy all the many benefits of real estate ownership without mortgage loan or credit qualifying, or standard down-payment requirements.
How does tax deduction help the buyer?
You can afford higher payments than rent with out having to earn more money.
As a home owner, you can deduct all the interest payments and property tax payments from your income. That translates to roughly 30% savings on your monthly
payments. If you are in a 30% tax bracket then you have to earn $1500.00 to afford $1000.00 rent payment after paying income taxes.
As a home owner you can pay $1500 for your monthly payment with out having to earn more money as you get 30% tax deduction.
Does the buyer get future appreciation of the property?
Yes, you get a 50% or more share of future appreciation based on your situation.
What do I need as a buyer to get started?
- You need to have a job or a business with cash flow in order to make monthly payments.
- You also need to have 2 to 3 months payment as a contingency fund to be used in the event that payments are late.
- Closing Cost
It can be done in one week. It is just the matter of collecting and sending required documents to escrow.
Do I have to choose from available properties or can you find a home that matches my requierments?
You can choose from list of currently available properties or ask us to find you a home
Step1: we place the property into a beneficiary directed, title-holding land trust with a third party corporate trustee. Although the use of the land trust in our context is to effectively provide the safest and most secure means of transfer of ownership interest: the land trust itself can be employed for myriad other reasons. Here are just a few of them:
- For privacy, estate planning, probate avoidance and assets protection
- To enable one to convey all tax benefits to any party in the transaction that he/she would choose...without title transfer...in order to command 150% higher rents and eliminate all costs of vacancies, management, maintenance, etc.
- To avoid compromising the due-on-sale clause in the underlying financing relative to owner-financed transfers
- To shield the property from virtually all legal threats and potentialities: from marital disputes and creditor judgments to BK's and tax liens
- To make your purchase by payment-assumption simpler and easier, since the seller can be so well protected while staying on the loan, and never have to worry about you or the collection and disbursement of payments. And neither does he ever have to put your name on title until you're ready to sell or Re-Fi
- To make your selling (or other disposition) easier, since the buyer can be so well protected while assuming payments on existing financing... without a Down (if you so choose) and without bank financing and stringent credit requirements
- To make "sandwiching" easier, since the buyer in a two-tier PACTrust(tm) needn't ever be concerned about the potential for untoward or illegal actions by, or personal problems of, the person remaining on the loan: or of the person living in the property and making the payments
- To shield the buyer against illegal or illicit Foreclosure or Unlawful Detainer by the Seller or Non-Resident Beneficiary without just and appropriate cause
Step 2: A co-beneficiary interest in the trust is assigned to a would-be buyer (YOU...a would-be homeowner). This assignment is done versus a sale or transfer of the property's legal or equitable title in order to shield the property from all forms of attack by creditors or dissent among beneficiaries (title is held by a bona fide third-party trustee for the shielding of the property and for the mutual benefit and protection of all parties).
Step 3: In a completely separate action and with Then the assignee (now a co-beneficiary) in order to gain possession and tax benefits leases the property from the trust on a "triple net lease" basis (i.e., refers to a lease that contain a contractual obligation to pay all costs of ownership and possession: i.e., interest property tax, insurance, etc.), thereby having succeeded in obtaining 100% of ALL the benefits of real property (home) ownership...and then some*:
- Full income tax write-off for mortgage interest
- Full income tax write-off for property taxes paid
- Equity build-up resulting from principal reduction in the underlying mortgage loan
- Potential for profit from appreciation in the property's market value over time
- 100% of the property's Use, Occupancy and Possession
- The right to sell, sublease or rent out the property (or do nothing) with concurrence of all trust beneficiaries
- *Protection from a deflation of property value (at the end of the specified trust term, should the property have lost value, the resident beneficiary is free to walk away and pay nothing further...without penalty.
- *Privacy of ownership: i.e., all ownership is secret, silent and unrecorded in the public record
- *A shielding of one's property from the ravages of creditor liens, tax lines, lawsuits, bankruptcy claims, marital dissolution issues and Probate
- *The ability to buy with minimal up-front cost, without new mortgage financing and without compromise of the existing lender's alienation (due-on-sale) admonitions.
At Termination:
In a typical transaction, the contract provides for the
resident beneficiary (YOU, the buyer) to either sell or refinance the property, and
pay the seller all monies due from of the proceeds of such sale or
other disposition at that time. The sale price at termination is
agreed in advance to be whatever the Fair Market Value is determined
to be at the time, MINUS any moneys owed to the acquiring party by virtue of its
beneficiary interest in the underlying land trust. Such sale price is agreed to
be determinable at the trust's (and lease's) termination by a mutually
acceptable appraisal.
In simple words, you get to refinance the property in your name or sell it at market price. As you know it is much easier to refinance than get a new loan.
- Pay off the underlyning mortgage.
- Get your contingency fund back( the two or three payments you brought in at the begining)
- Get compensted for any value added maintenance or remodeling
- Get 50% or more (as agreed at begining) of remaining funds