The New Home Buying Strategy: Solve Your Cash Crunch with Team Buying Power (Paperback)

by Marilyn D. Sullivan (Author)

Editorial Reviews

Review
"She has written an excellent new book." -- Los Angeles Times, 1/19/92

..solution to obtaining real estate... a valuable resource to accountants, financial planners, real estate agents, attorneys and their clients -- National Public Accountant

A must for the forward-thinking Realtor -- California Assn. of Realtors

One approach that can turn the American dream into reality -- Booklist

She has written an excellent new book. -- LA Times

Sullivan writes in clear, concise language any layman can understand -- Coast Book Review

The home downpayment is one of the largest cash expenditures needed - and often where buyers fall short. This advocates 'team buying' in a strategy which surveys joint ownership. Charts, checklists, and tips for getting a loan and buying a home for the first time simplify the basics of this strategy. -- Midwest Book Review

There is no better book about Home Equity Sharing than this one. It rates a solid 10! -- San Francisco Chronicle, 3/23/97

There's no better book about home equity sharing. On my scale of one to 10, it rates a solid 10." -- Robert Bruss, nationally syndicated real estate columnist

Product Description
Do you feel that home ownership is a dream but not a reality for you? Equity sharing can be your answer to provide the down payment cash and give you the key to the American dream - your own home. In the equity share purchase, the parties co-own the property. They are called Investor and Occupier. The Investor is the one who provides the down payment cash. The Occupier is the one who occupies the property and makes its payments. They split the tax deductions and appreciation.

Real estate investing is an extremely valuable investment with tax deductions and tax deferrals that no other investment can provide. With the equity share, your investor won't have the tenant headaches and monthly payments that can often make real estate investing a nightmare. Instead, the Investor receives a valuable investment while the Occupier occupies and takes care of the property and pays all expenses while the property appreciates in value.

When the real estate market is good, it should be easy to find an Investor. When the real estate market is less than good your best Investor is the seller of a property. Always, your most willing Investor is a family member. The Equity Share transaction puts the Investor and Occupier on title, backed by a deed of trust for the Investor to foreclose in case the Occupier defaults. This protection is essential for the Investor. In the 70's and 80's when Equity Sharing first became popular, the Investor did not have this protection and sometimes lost. Our other protection for both Investor and Occupier is automatic continuance of ownership if a certain appreciation is not met. Discover why Equity Sharing is the Great Equalizer - and your best strategy for Real Estate as we begin the 21st century!

Beyond the Traditional Equity Share. The above relates to the traditional equity share between Occupier and Investor. Other forms of Equity Sharing include any co-ownership of real estate. The term equity sharing means co-ownership -- sharing of equity.

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Product Details

• Paperback: 398 pages
• Publisher: Venture 2000 Publishers; 2nd edition (January 1, 1997)
• Language: English
• ISBN-10: 0962923915
• ISBN-13: 978-0962923913
• Product Dimensions: 8.9 x 6 x 1 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 4.5 out of 5 stars See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #719,263 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Simply a must read for all real estate agents and buyers, January 9, 2007

By	Donald Reedy "Realtor" (San Diego, CA USA) - See all my reviews (REAL NAME)

This book is a breakthrough manual for "how-to" buy real estate. Using simple language, a large number of examples, and an organized approach to each chapter, Marilyn Sullivan shows every real estate agent and home buyer innovative techniques for obtaining real estate.

I knew that Equity Sharing was a proven technique to buy and sell real estate, but this book outlines strategies for real life situations. If you are getting a divorce and want to keep your home, The New Home Buying Strategy shows you how to do it! If you don't have enough money for a downpayment, and if you wisely don't wish to buy with 100% financing, then the New Home Buying Strategy shows numerous examples of exactly how to locate an investor and make your dream come true. By the way, a hidden benefit of this book is that it is a significant help to investors as well as buyers. The book is filled with tables, illustrations and real life examples of how to calculate ownership percentages, payoffs, buyouts, etc. In other words, what I loved about this book was that it is truly an operating manual, not just another overview book. I highly recommend this book, its author, and the concepts around which the book is written.

1 of 1 people found the following review helpful:

4.0 out of 5 stars So far, *so* good, January 9, 2007

By	M. J. Lane (Southern California) - See all my reviews (REAL NAME)

I have only read the first three chapters, but so far, I find the content clear, direct, and nicely repetitive -- just enough to function as cumulatively self-drilling in the basics of joint ownership. The writer clearly knows what she is talking about, and her enthusiasm comes through to make the read an eager one. I would have rated this a '5,' but I haven't finished the book yet, and who knows what's in store.