If you are not in a closet, you know that the crazy world of real estate can provide returns considerably above those offered by any bank or mutual fund. 15-2,500 % returns are available. WE are not talking about the unethical and immoral MLM crap but instead, a rather simple way to buy or start your own business risk free. You need no seminar, tape, book or course to learn how to do this; I am going to teach you right now. YOU do need to get all your ducks in a row and it does take research but the system will work for you. The basic steps: a. find fix up real estate that is available ideally 30-60% fair market value. WHERE is not important as long as you control its repairs and future tenancy. b. buy it with a 103-125% loan from any lender. IF you have no credit, joint venture with a buyer and make the agreement such that you get 50% of the difference in cash between the purchase price plus repairs and the fair market value. C. While the buyer [that you found] is coordinating the financing of the purchase, make sure you have a say-control role, in the propertys repair. D. While B and C are going on, find a business that inspires and excites you that is for sale [geographically near you]. E; When the lender and escrow company tell you escrow should close, give to the same title company this business chattel deal to close on as well [or ask them to farm it out to another title company that will do the UCC inspections for past taxes due, liens, etc]. F; if you were able to keep part ownership of the discounted property described earlier, than you will have consistent income in addition to the income from the business. If for some reason, the business slips economically, at least you will have the income from the real estate to cover that. G; do a through f again, H do G again. keep doing so till you have 2x more money than is in your business plan. I. Help someone else do the above. biz consultant and RE broker |
