Fast Money For Great Deals

If you happen to be in the Real Estate Business or are trying to get into this awesome business you might find a few road blocks and......... maybe even some dead ends.  That's normal though, if everyone could do this, we wouldn't get paid as well as we do.  Just think about all of the "jobs" that have to get done to make one deal close.

Image via Wikipedia

You have to advertise to find buyers and let them give you a chance to find their dream home for them, (hopefully it's one of yours) all the while stayig within their budget.   Most buyers are new or realativly new to buying,  so no matter what stage of the process that they are in they have to get qualified.  A task more easily said than done these days.  They might be first-time buyers and they "think" they can afford a newer 5 bedroom with some land "with the way real estate is today."  In reality they are just starting out and can barely squeeze into a two-bedroom. Maybe, you have a ton of buyers and can't find any sellers because "I don't want to sell while the prices are down."  Or Perhaps "my house has been on the market for XX months, but I don't care because I WANT MY PRICE."  Yeah, been there-done that.
Personally, the best way to go, I believe is to buy foreclosures or better yet bank- owned properties.  It's the best of both worlds.  No one is in a rush, except maybe the banks.  You can get YOUR price for the house and it should be low enough to put a little spit-and-polish into it and make it attractive to just about anyone.  Maybe a little light rehab or better yet buy a place that nobody wants, from the bank, for a song and turn it into a really, really nice place.
Everybody has heard of them: that place down the block sold three years ago for $200,000 but the owner got laid-off and had to move because the bank foreclosed on them and they couldn't find a buyer.  Now the bank will take $125,000 for it.  Ahh, it needs a little...no it needs a lot of work.  I bet the bank will take 80 or 90 thousand for it....but you won't know until you ask.  Unfortunately, you have to ask with money in hand, or proof of money in hand. So whacha-gonna-do?
You need money.  You need a fairly large amount of money.  You need a fairly large amount of money in a couple of weeks to make this deal work.  I guess you could call up freinds and family and see if anyone has that kind of money AND would be willing to loan it to you...on your first deal.  Maybe another bank would loan me that kind of money, after all it's only going to be for a short while, right?  I must tell you that they aren't set up to do this anymore.  Most all of the banks got burned in the real estate meltdown and you won't be able to find a bank that would loan that kind of money unless you were moving into it.

Image via Wikipedia

There are alternatives though.  If you have a great deal and need Fast Cash for it,  I've gotcha covered.  I know plenty of Private Mortgage Lenders who have money and still want to invest in real estate....especially now......when everyone else is running from it.  They can do deals in all 50 states and they would be happy to talk to you and explain all of your options.  What they can do and what they can't do.  For a more detailed explanation of how to get Fast Cash For Great Deals just click here.  There are several articles with much more detail about getting money for these deals and if you still want to move forward there are plenty of links where you can get started on your next...or your first real estate deal.
It is an awesome business.  You get to help people in trouble get out of trouble or help folks get started with their first new house.  How about getting that couple with the new baby a bigger place with a fenced backyard.  Yes, it's a lot of "work" sometimes...but remember...you only get paid for the problems you solve.  Go here and solve some problems and in turn you can solve one or two of yours.

I Met A Millionaire Today!

I went to see a millionaire today.  To see what he had to say about what I was doing with my life and what I could do to join him in his pretty awesome lifestyle.  It was planned, it's not like I just bumped into him on the street.   I was invited to a  presentation to get more details about a company he was promoting.

I spotted him right-off.  I was getting some free hotel lobby coffee, not bad for a change, and a man was standing a few feet away, on a cell call, in a nice suit.  Was it a $1,000 suit...$5,000 suit.... I don't know but it was nice and he was very well groomed.  Not Mr. Hollywood sharp but well dressed and unassuming.  He backed away when he knew I could hear what he was saying and stepped closer to ask me "What time is it partner?" You see it was 6:57 and the meeting started a 7:00.  "I gotta go" he said to the other person and I thought "me too."  I didn't want to miss anything this guy has to say.  You always want to listen to people who make more money than you do.

It started off pretty much like all meetings that I have been to....."Welcome everyone we are so glad you could make it tonight. We have a very special guest tonight and it will be our treat to hear what he has to say."  First we have a new company produced video that we would like to show you and is on everyone's' company cloned website.  It was pretty good actually and explained all of the major points of the company.  What they were doing and what they will be doing, in the future, in about 1/3 the time of the other videos I've seen.  Refreshing, to the point and not too long....nice!

Then he started asking questions about why I/we weren't millionaires like him?  He wanted to know if we knew what 65 meant?
That's the retirement age in America.
Did we know that this is the biggest LIE that Americans were ever fed?
Why?
Because 75% of people who reach this age are dependent on friends, relatives and/or The Government, 23% are still working and.........ONLY 2 % are financially independent!  What really surprised me is that 85% of people, who reach this age in America DON'T EVEN HAVE $250 CASH TO THEIR NAME.  WOW!  In America?  The greatest country in the world with the easiest  and fastest paths to wealth in the world.  Where everyone in the world comes because of the opportunity that exists in this country.

He said that 98% of the Americans, that were born here, belong to the 40/40/40 club.  What's that you ask?  It's people who get a 40 hour per week JOB-work for 40 years-and get a 40 dollar watch on retirement day from their company.
He went on to say that J.O.B. stands for Just Over Broke and BOSS spelled backwards stands for Double S.O.B. Then he started quoting millionaires like J. Paul Getty who said " I would rather have 1% of other peoples efforts than 100% of my own."  Someone else said "find yourself a speeding train and put yourself in front of it."  Like real estate in the 70s, the economic boom in the 80s or the dot com boom in the 90s...and you will make money.  He continued and told us that 85% of bankruptcies in the U.S. could have been prevented with as little as $500 extra per month.

Then he started talking about owning our own business with all of the tax benefits available whether we make big money or not.  Why all of the top millionaires AND billionaires in the U.S. are behind ONE KIND of company.  That included Donald Trump, Robert Kiyosaki and Warren Buffet.  Really? These guys are promoting and starting and BUYING what kind of businesses?
MLMs or Multi-Level Marketing
Yeah, I know exactly what you are thinking. It's that pyramid things that everyone gets ripped off in...........BUT.......and it's a big one too did you know that:
The Wallstreet Journal  has said that by the year 2000, 60 to 70 percent of all goods and services will be sold through MLM.
"Network Marketing" is taught at Harvard and Standford business schools and in numerous other leading colleges and universities throughout the country.
Some 20 percent of all the millionaires in America were created through network marketing.
John Naisbitt, in his best selling book, Megatrends, says network marketing is the way of the future.
In most MLM companies you can get started for peanuts and...
The income potential is limitless.
OK, he had me.  I was sold and I wanted to make the kind of money he is making.  However..... the thing that stuck with me and really blew me away out of all of the things that he said was:

"The easiest thing that I have done in my entire life was to become a millionaire and the hardest thing I ever done in my life was to BELIEVE that I could be one."


No kidding?  Are you serious?  Really? You have to have the right vehicle that can take you there.  You have to be willing to do the work (and it's not hard). He also concluded with the four things that the perfect multi-level marketing company has to have to make it fair and give everyone and equal chance to live the life of their dreams and they are;
1. Pay people for what they are already doing
2. It has to be something that everyone can use
3. You only have to qualify for commissions ONCE
4. No FORCED selling
His program had it all and I jumped on board with both feet.
Now, the next questions are for you.  Would you be interested in becoming a millionaire?  Alright, if that's to far out for you, how about making $100 thousand dollars a year in a part-time business of your own?  Remember, the hardest part for you and me is BELIEVING that we can do it-----just like it was for him.

If any of this interests you go here and check out the company he is promoting and I am promoting and see if you can become financially free at last.

The Bottom Line is you are either going to be a victim or a victor.  Surprisingly, the chose is ours!

Our Tax System At Work

THE U.S. TAX SYSTEM

EXPLAINED IN SIMPLE TERMS!
(even I can understand)

Sometimes politicians, journalists and others exclaim; "It's just a tax cut for the rich!" and it is just accepted to be fact. But what does that really mean?

Just in case you are not completely clear on this issue, I hope the following will help. Please read it carefully.

Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20."

Dinner for the ten now cost just $80. The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still eat for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to eat their meal.

So, the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33% savings).
The seventh now paid $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued to eat for free.

But once outside the restaurant, the men began to compare their savings.

"I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man," but he got $10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than me!"
"That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison.
"We didn't get anything at all. The system exploits the poor!"
The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start eating overseas where the atmosphere is somewhat friendlier.

******************************************************

According to Snopes.com a version of the above Humorous essay on "how taxes work," started going around the Internet in 2002, and has been attributed incorrectly to several people including Thomas Davies, Professor of Accounting; Dr. David R. Kamerschen, Professor of Economics; William F. Buckley Jr., and Don Dodson.

Although the Author is Unknown, we can surmise that the person must have been "right minded." We know definitely that it could not have been Democrat!

BaxterCountyRepublicans.com
© 2006 Developed & Managed by Agora Associates

The Bottom Line

For those who understand, no explanation is needed. For those who do not....or will not understand, no explanation is possible.

If you happen to be a person with a lot of cash to invest or hold a 401k or some sort of a retirement plan with over $5,000 (five thousand) dollars in it. You might want to consider investing in something with year-in and year-out collateralize double digit returns. Most people with money either made it through real estate.......or are keeping and sheltering their wealth in real estate. You really don't have to deal with tenants or toilets either if you don't want to and you can still easily receive double digit returns. Take a few extra minutes and go to http://www.privatemortgagelender.org/
You can also just Click Here and get some more details on this very safe and secure investment opportunity.

I Need Money!!!

Don't we all. I happen to be looking for 401k money, retirement money, bank CD money....and I'll even take the change from the cushions of your house! Well, that probably wouldn't be enough but you see what I mean. Folks, if you think that you're getting a good return on any of these investments....maybe....you should take just a little bit more of a hands-on approach to one of the most important monetary things in your life.
Listen, I know that this is scary and you didn't learn any of this in school because they are still teaching everyone to; go to school...get a job....maximize your retirement plan (of course spread it out in two or three different categories) and then just wait.
The question is WHAT are you waiting for?
1. the stock market to recover?
2. the interest rates to go up so you can get more than 1% on your money?
3. waiting for that rich aunt or uncle to die and leave you their inheritance?
4. maybe you are hoping and a praying your boss will notice all the hard work you do and give you a raise AND a promotion...yeah right.....don't hold your breath.
What you need is a self-directed IRA where if you do-it-right, you can probably not pay any or very low taxes FOR LIFE.
Now I'm not a lawyer, nor do I play one on TV, (or the internet) but I know some very savvy investors who DO know all of the ins-and-outs of turning your under-performing retirement plans into self-directed plans so you can start investing in LOW RISK/HIGH Return real estate.
If you are ready to go or just want a little bit more information on any of this just go to http://www.privatemortgagelender.org/ look around, read the articles and check out the power point presentation.  Or, you can just find "The Combination To The Vault."  This will take you to a brief sign-up page.  Fill in the blanks so one of our Account Managers can get back to you and let you know how many options that are available to you and your hard-earned money.  You aren't in anyway obligated to DO anything.  However, wouldn't it be nice to know how hard your money can work for you instead of you working for it?  You must know this is all at no cost to you....YES FREE. Just a bit of your time.
I invest in real estate and use money all of the time, just not mine! I use O-P-M (other peoples money)  Who are these other people?  I might be using your money or Teds' across town or Bills' from across the country....or even across the ocean.  I don't know where the money comes from BUT you'll know all of the details of where your money is going.  All of the ins and outs of the project and the risk, very little, and rewards. You also get to pick and choose the projects your money is invested in.  If for any reason, you don't feel comfortable with the project, the numbers or the way I sound on the phone we move on to the next investor.  You get to wait for the project the YOU want to invest in.  We pay, or should I say the borrower pays, you VERY handsomely for the short term and secure use of your funds.
Like I said just click here and get over to my webpage  and I can answer ALL of your questions. Have a great day......and remember invest with the best........and you can always rest!
Sleep tight.

DON'T GET RIPPED OFF

Wow I couldn't believe my ears. I was in Atlanta last week, learning some new real estate investing tips, and Theodore was telling me about how he had been ripped off for $20,000.00 one time and $60,000.00 another time on real estate deals he had been working on. (by the way his name was changed to protect the guilty---ME lol)

I asked him to tell me what happened and he said that he had set up two out of town deals and had and investor in the town where the deals were, taking care of everything and getting the lions share of the profits. On both of the deals the "helper" was even making more than the Theodore! Over the phone-with a verbal handshake-the deal maker (Theodore) set up the deals and thought that since he was handing the deals over to someone else just to make sure all of the paperwork was taken care of....... AND giving away the lions share of the profits that no one would even think of ripping him off! Gee-wiz, if someone called me on the phone and asked me, since I was in the town where the deal was, to make sure that all of the paperwork got done and all of the loose ends were taken care of and gave me $40K for my trouble.....and the deal-maker was only taking $20k....well, ah...I'd kiss him on the lips and be very very happy to help him. Well...I maybe wouldn't kiss him on the lips....but you know what I mean.........such a deal!

SURE I'd help.

So, needless to say Theodore's' friend didn't help Theodore.........he helped himself.......to ALL of the profits and sort of disappeared with all of the cash. I didn't ask how the contracts were written up or what kind of deals they were. All I know is Theodore didn't seem like he was making up the story because he really looked hurt as he relayed these stories to me. How can anyone do that? Man, if someone asked for my help from out of town, I wouldn't need to take the lions share of the profits. I'd help them for a whole lot less than Theodore was willing to pay. It sounds like a great long-time business/partner relationship forming to me.

Anyway, to make a long story short, when I got back to my office I emailed Theodore a copy of an Affidavit and Memorandum of Purchase and Sales Agreement. This is a neat little tool that will help you get paid when you have any interest in a property.

So what does this have to do to me you ask?  Well.......what if the next time you tie up a property your new seller gets a call from another investor, after you leave with a signed contract and says, "hey, I'll give you more money and close sooner than that guy you just signed with." What is your seller going to do? Your seller is out to get the most money, the soonest, from their property right? So whether they know that they can't do this legally or not, they go ahead and sign with your competition, and he does closes ahead of you. Now you have been marketing the property, spending money on advertising and talking to everyone, and their brother, about flipping the subject property......... that has already closed and already belongs to someone else! What are you going to do? Nothing! You weren't covered...you weren't protected.....you just tried to help a total stranger and believed that they were going to do what they said they were going to do on their end of the contract.  Ahhhh, to live in a perfect world with totally honest people......one can only dream.

It's a pretty simple form and not hard to fill out. All you need is the property address, your name, your contact info, the sellers name and a notary. That's it. For about ten dollars to fifty dollars, depending on how greedy your county is, just fill in the blanks and file it in the county where the property is.  Voila! No one can buy or sell that property without you being contacted because this little paper says "you have an interest in the property" and the title company or the lawyer has to talk to you before the buyer gets a free and clear title.

So the next time you buy a property or tie it up with an exclusive option to sell, just take a little insurance policy out, for your time and trouble and the marketing money you are spending. Just fill out and file this handy dandy little piece of paper to make sure that you get paid for your work.  It's no fun working and spending your hard-earned cash just to have the fruits of your labor go to someone else. So don't let it happen to you.

While I have you here, I have a nationwide source for hard money (and just about any other RE deal you have) that you might be interested in.  If you find yourself a little short after finding a killer deal, give us a shot.  Yes I know that it's a little expensive but what are you going to do?  Let someone else make the 5, 10 or 20 thousand dollars or more on the property you've just found?  Or are you going to be the deal-maker and satisfy both the buyer and the seller needs while getting your slice of the deal for putting then together?  You and I both know great deals don't come around everyday.  So why let any of them go?

Just click here or head over to www.privatemortgagelender.org/ and let me be of assistance to you with fast and friendly money to close those once a week, once a month or once-in-a-lifetime deals.  You'll be glad you did. 
Here's to your happy and profitable investing.