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Real Estate News Releases
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(EMAILWIRE.COM, April 22, 2008 ) Oklahoma City, OK— Many investors would like to take the leap of faith in real estate investing but are afraid to because they think they need a lot of money to invest. Anthony Chara was recently interviewed by Lance Hood, co-founder of http://www.successinsiders.com/ , and he spoke about seller financing and ways to invest using very little or none of one’s own money. He spoke about “no money down” transactions, and buying with OPM (other people’s money).
Seller financing, known as a land contract or contract for deed, is a great option to consider when investing in apartment buildings. Many investors have been very successful in this type of purchase, especially if they have credit issues and are unable to obtain conventional financing. Of course, the seller will probably require some type of down payment; he wants to be sure the buyer is at risk, to reduce the chances of him defaulting on the payments. Investors can team up with a partner, or several partners, to raise the amount of cash needed to get started.
Not all sellers are inclined to agree to this type of financing, because they either just donÂ’t understand it, or they have concerns about the buyer defaulting on the payments. However, in todayÂ’s depressed real estate market, many will agree to it because theyÂ’re motivated to sell the property. Anthony also explained the tax advantages for the seller in a seller financed transaction. The seller doesnÂ’t have to pay all the capital gains taxes up front if he isnÂ’t paid off at the time of sale. HeÂ’s only taxed on a small amount, calculated on the total principal and interest payments received during each tax year.
Anthony Chara is a managing partner of ADG Holdings LLC, and founder of Wealth Classes of Colorado LLC. He owns properties in Arizona, Colorado, Florida, Iowa, Nevada, North Carolina, Oklahoma and Tennessee. Current projects include pre-construction and commercial land developments in Florida, apartment buildings in the mid-west, and several multi-million dollar condo conversions in Arizona. Anthony is one of many experts featured on http://www.successinsiders.com/ .
About SuccessInsiders.com
SuccessInsiders.com is committed to helping people succeed, both personally and professionally, by providing them with interactive access to an ever growing team of Millionaires and Experts in wealth creation and personal development. By following the guidance and strategies, through interviews, expert Q&A, telecoaching and other resources offered by people who have already succeeded, a personÂ’s chance for success is greatly increased.
CONTACT INFORMATION:
Heather Thomas
(641) 715-3900 ext. 7576941
support@successinsiders.com
Self Improvement, Wealth, Coaching, Millionaire, Personal Development, Success, Goal
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Success Insiders
Heather Thomas
(641) 715-3900
support@successinsiders.com 
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