Posted by AL on March 28, 2008 at 21:47:02:
Hello All,
I am a new investor and I have been reading all types of books on real estate investing using creative financing techniques such as "buying subject to existing financing", land contracts, deeding properties, wraparound mortgages, all inclusive trust deeds and so on. My dilema is that I live in NYC and I am not sure if these techniques are used in this area or if they are even legal to use as described in the books.
What I am in search of is any investor who is currently investing the the NYC area and is using these techniques or modifications of these techniques in order to make them legal in this area.
Any help in this area or the area of getting started will be greatly appreciated.
Thanks AlotAl
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