Free Training Using Other People's Money
There is a concept in real estate investment called "Other People's Money." I'd like to make an application in this article of that principle to how ANY church can provide training events for your church using other people's money. Here is how it works in real estate. Seller has a fixer-upper that he has listed for $100,000. He is hoping to get $90K and secretly is afraid he might have to settle for $80K. You offer full price: 100K, with the following conditions: The seller offers 100% owner financing. (This assumes the property is paid for.) The seller agrees to subordinate this loan to a bank to put a $20k first lien on the property to be used for repairs. The buyer agrees to a one year balloon payment when the property will be paid in full. (Of course, in the real world, it takes the lawyers 100 pages of legalese to communicate this agreement.) The buyer buys the property, takes the $20K from the bank,...