Cash for Future Equity May Be Your Next Investing Tactic
Here’s a concept that real estate investors might want to check out: Cash for part of the future equity in their properties … with no interest charges. The idea definitely is not for everybody, but it’s worth knowing about as a financial planning option.
Several competing companies have begun offering interest-free “equity access” advances to homeowners of any age who agree to cut the firms into anywhere from 30 to 50 percent of their future appreciation growth. Two of the companies — Rex & Co., and Grander Financial — will only make advances on owner-occupied, detached single family houses. But a third firm, called Equity Key, extends the concept to rental residential and commercial real estate holdings owned by investors between 65 and 85.
