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Wayne H. Wagie - President
The Wonderful World of Real Estate
Present Condition -You own a 12-unit apartment building that has proven to be an excellent investment and now has a sizable amount of equity.
You have an opportunity to purchase a larger apartment building that with good management will also be a great investment, but you don't want to sell your 12 unit building to purchase the larger building.
Possible Resolution - You work with the seller of the larger apartment building and you agree to create a note that will be secured by the equity in your 12-unit apartment building as the down payment on the seller's property.
Benefits to You – You will have increased your wealth, as you now own two excellent investment properties.
You created the terms of the note to benefit you and the seller, and you didn't have to pay all the closing costs.
Benefits to Seller – The seller moved his property with the minimum amount of problems and costs, and will receive all the tax benefits of an installment sale.
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The Wonderful World of Real Estate
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Wayne H. Wagie


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