All Topics / Help Needed! / Sell a house First then buy it?

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  • Profile photo of techhowsetechhowse
    Member
    @techhowse
    Join Date: 2005
    Post Count: 63
    March 22, 2005 - 5:54 am

    If you have read the Rich dad series. Robert mentions something about the ‘buyer’ being the bank. Also, one of Robert’s advisers/friends says somthing about selling a house then buying it?

    Could someone please clarify this for me on how this is possible.

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086
    March 22, 2005 - 9:08 am

    are you talking about selling an asset and buying it back latter when the market is despressed?

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

    Profile photo of williwilli
    Participant
    @willi
    Join Date: 2002
    Post Count: 186
    March 22, 2005 - 10:18 am

    When Kiyosaki talks about the ‘buyer’ being the bank I think (from memory) he is talking about vendor-finance. This is where the original proeprty buyer purchases a house and then acts as a bank and sells it to a new purchaser over a period of 30yrrs worth of monthly payments.

    Read: https://www.propertyinvesting.com/strategies/wraps.html
    It might give you a better understanding….

    Cheers,

    Pete

    …Beware of the dreamtakers…

    BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…

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