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.
are you talking about selling an asset and buying it back latter when the market is despressed?
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
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…
You must be logged in to reply to this topic. If you don't have an account, you can register here.
