Rather than tell people I’m “into marketing” I like to say I’m a fan and student of the “art of ethical persuasion”. I thought I made that up, and now I see someone else using my lingo!

I especially like you definition of the difference between persuasion and his evil brother manipulation. I’ll have to borrow that one from you.

Thanks!

…jp

jp moses | REI Tips’s last blog post..Freddie Mac Tweaks Rules, Pokes Investors In Eye

The investing idea, yeah it’s great for everyone and the benefits can be explained easily once you know how it works.

For the seller: she gets a sell now, earns a lot more interest on her money than other investments give, her loan is secure – unlike stocks, she can use that mortgage and trade it for other investments or use it as a down payment on her next house (if the seller is looking for such an investment), etc.

If they’re worried about someone not paying them – I tell them to foreclose. They aren’t renters, thus there are totally different rules you play by. If the bank who owns the 1st on the mortgage forecloses, I’d tell him to buy the house. Why not? They will have built-in equity.

As for the buyer: there’s typically no closing costs, late payments typically aren’t reported, you have a better chance of convincing your mortgagor (a person) to work with you when you’re in time of need (like stalling payments), etc.

But . . . to get the seller to go along with all this, you have to persuade them.

I hope people find this series post helpful.

Thanks for the comment, Catherine. For those who own a business, check her blog out – I do.

I love your idea of getting the house seller to invest when you can’t borrow enough from the bank. I’d never thought of trying that but it sounds like a smart idea.

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