Tony Barton replied to the topic Can you wrap a vendor financed home? in the forum No Subject 19 years, 9 months ago
Again I would suggest a sandwich lease-option (SLO) agreement as if you use vendor terms agreements to acquire and re-sell you have due on sale clauses that effects the resell of the property and maturity upon the sale being finalised…
These are eliminated entirely using a correctly structured SLO as you have the right to call the option and…[Read more]
Tony Barton replied to the topic Can you wrap a vendor financed home? in the forum Creative Investing 19 years, 9 months ago
Hi retire,
The simple answer is yes!
I would however use a lease-option agreement rather than an installment sales contract to formulate this approach. The terminology for what it’s worth is called sandwich financing and is an easy way to create cashflow.
I have completed a few of these but none have matured as yet, the jigsaw you have as a…[Read more]
Tony Barton replied to the topic CRA enquiries in the forum Help Needed! 20 years ago
Dear Kttm,
Steve’s summary is perfect! I would also go to your bank(s) with an investing (business) plan with what your short and long term strategy is. Whoever can come to the party can refinance your exisiting portfolio (without cross-tieing your loans) and pick up new business for themselves as a reward. Of course do your own due diligiance on…[Read more]