This is a great way to get into an $$ house without forking over all the $$. Equity sharing is a concept in which you find investors with money to fund part or all of your downpayment. The investor then takes a part of the profit as the house grows in equity. This is profitable for the investor since certain tax write-offs exist and she can gain footing into an expensive market (such as CA) without the negative cash-flow that would otherwise ensue.
http://www.homeequityshare.com
Wednesday, July 11, 2007
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1 comment:
Great idea Reenu! Have registered and can't wait to test this out to see if this works.
Thank you for sharing!!!
-Melinda
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