Life doesn’t always follow the set plan we have in our head. This is especially true for entrepreneurs. Along the way to achieving our goals are always obstacles that we need to overcome. And, some of these are financial.
One common problem is cash flow. You know that you’ll have money coming in at some point in the future, but right now you just need something that can pay the bills. If you have a house, and you’ve built up some equity, it might be worth considering using some of that stored up cash so you can put it to work for you. And thankfully, it’s never been easier.
Get Paid In Cash
How we buy houses has changed an awful lot. Accredited companies now have the ability to pay cash. That means you can get paid fast, and in the best way possible. There’s no waiting around for checks to clear, or the banks to authorize transfer payments. You just get the cash now and use it how you want to use it.
Have Your House Lease Purchased
Although you may not have heard of it, thousands of people have their houses lease purchased every year. This works in much the same way as it does for your car, but this time around, you’re the car dealership, leasing out your house. Accredited companies will now buy your house in the form of monthly installments. This is a great option if you don’t want to sell your house outright, but do want to get some money now. Usually companies are able to act fast. Make sure the company you choose is not a realtor. If they’re not, it means they’re usually paying out of their own private funds. That means there’s no third party bank to slow the process down.
There Are Good Deals Around
Some companies have special arrangements with creditors that allow them to pay more for your house than your average investor. Make sure you find the best deal: after all, there’s a huge amount of money at stake.
Get Paid Even If Your Property Is In Poor Condition
Finally, perhaps the property you owned has seen its fair share of use, or perhaps you always intended to make improvements, but never got round to it. That could be a problem if you tried to sell it through conventional channels. Accredited home buyers often don’t care. They’re not going to live in your house. They just want a share of the asset.
Remember, if your house is in poor condition, or its condition has deteriorated since you moved in, you might not get paid as much as you bought it for. That’s fair, so long as its condition is in fact poor. Just make sure there isn’t anything you can do right now to improve the value of your house. Perhaps moving junk out of the garden or making sure that your bathroom tiles are free from dirt and grime can all make a difference to the final quote you’ll receive.
Photo by Rajesh Appalla
Milo Senalle
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