You can still buy real estate, including property, homes, condos, even though you don't have sufficient trade available to pay for it. Trade exchange members have recently purchased a condo in Vermont, 14 building lots in Riverhead, building lots in the Poconos, a 30,000 square foot office building, a 10,000 square foot warehouse and a condo in Pennsylvania. These transactions ranged from $60,000 to over $1 million. Typically, the buyer paid a 20-30% down payment in Trade Dollars. The balance was financed with a barter mortgage, just like in the cash world.

UNITE makes mortgages available to qualified buyers of real estate, where the monthly principal and interest is paid in Trade Dollars. You provide your product or service to UNITE members and deposit the Trade Dollars into your account. A set amount is deducted from your account each month to cover the mortgage payment. Even better, UNITE brokers refer the new business you need to make the payments, and online sales can enable you to pay off the property even faster. It's that simple.

A recent offering was a beautiful house in New Jersey. The owner wasn't able to sell it in the year it was listed with a realtor. Because he had a need for Trade Dollars, he was willing to take 100% of his equity in the home in Trade Dollars. The asking price was $450,000. The equity of $225,000 was paid in Trade Dollars, the balance of $225,000 was paid by obtaining financing with a bank mortgage.

An example of creative trading would be for the buyer to apply for 60% financing of the $450,000 and get a $270,000 mortgage to purchase the house. The seller only requires $225,000 in cash to pay off his indebtedness, leaving an excess of $45,000 cash that the buyer keeps. The buyer also makes a down payment of 25% of the barter mortgage, $56,250 in trade, leaving a barter mortgage of $168,750. This can be paid in product or service of approximately $4,000/month for five years. The house needs approximately $25,000 in cosmetic interior renovation, most of which can be done on trade.

Bottom line is, the house can be bought for trade and cash, the buyer walks away with $45,000 in cash and lives in or rents the house for five years. The house can then be sold for at least $425,000. Pay off the remaining cash mortgage of approximately $225,000, and walk away with another $200,000 in cash.

If you are interested in creative trading that turns Trade Dollars into cash, let us know. Then the next time a deal comes along, you'll be the first to know.

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