Real Estate Loans and Loan

Quick Cash From Trash

2006-02-07T01:47:00.000-08:00

DO YOU WANT TO MAKE QUICK CASH without the need of a formal education, with no special license, and with just "day" laborers for help? If you do, we have just the business for you! It's:

* Removing trash and other debris from homes people are moving out of after selling them.

* Carting off used furniture, discarded clothing, excess kitchen utensils, ancient TVs, etc.

* Delivering these items to an accepted dump site after you've gone through the refuse for items that you can re-sell for additional income.

* Earning your fee from the home owner who wants to move elsewhere and--in general--start a new life, free of useless possessions.

HERE'S A REAL-LIFE EXAMPLE of what you can earn in this cash business that's needed everywhere in the developed world where individuals sell their homes and move to another location. you-we'll say--have a job to:

1. Remove trash from a 5-bedroom, 3-bath house that a person has sold and is moving elsewhere, leaving furniture, clothing, books, TVs, and other personal residue behind.

2. You look ove the pile of "stuff" and estimate that it will tahe 4 workers one day to remove the contents of the house and transport it to a suitable dump site in your local area.

3. Your estimate of the cost for this day's work is $1,700, based on these costs: 4 day laborers @ $100/day/laborer = $400; one 30 cubic yard roll-off container at $300 per day, including drop-off and pickup with delivery of the contents to the dump site. Your total cost =$400 + $300 = $700, giving you a gross profit of $1,700 - $700 = $1,000 before your advertising, phone and travel costs.

4. You request cash payment because once the trash is removed you can't return it to the home seller if the check you're given bounces!

5. Your "overhead" costs--ads, travel,phone--are low--not more than--say--$300. So your total profit is %1,000 - $300 = $700 for the day's work.

6. And if you sell some of the items collected, as most cash-fir-trash people do, your profit can even be higher--often more than the $1,700 for this job!

7. You can often start by inserting a free 3x5-in typed card on local bulletin boards in drug stores, supermarkets, all-night convenience stores, etc.

Financing For All Beginning Wealth Builders

2006-02-07T01:42:00.000-08:00

IS THERE A UNIVERSAL BUSINESS FINANCE PROBLEM? Talk 10 Beginning Wealth Builders and they'll say, YES, there is! And what's the universal business problem? It's:

* Finding money for a startup busiess or for the down payment on an income real estate property

* When the Beginning Wealth Builder does not have the best of credit. Or if he/she has good credit, they do not have any collateral to secure the loan--that is, keep the lender happy.

* And lenders want the Beginning Wealth Builder to "have some money" in the deal--that is, put up some cash.

WHAT IS THE ANSWER? How can a Beginning Wealth Builders get the cash he/she needs to buy a business or a piece of income real estate? The answer we see today--more and more is this:

1. Use credit-card lines of credit to give you the money you need for the down payment.

2. Tapping into more than one line of credit to build up enough cash for the needed down payment or other cash input for the business.

3. Being certain that you can repay your credit-card debt before you use money from your lines of credit to invest in any business.

4. Knowing that you never need give a reason to your card issuer because you are allowed to use the money in your line of credit for any purpose.

5. Using you line of credit by just writing a check or getting the cash from an ATM--Automatic Teller Machine and using the cash to get a money order for the purpose(s) you want to use it for.

TO GET MULTIPLE CREDIT CARDS you should apply at a number of different banks. Many of our readers tell us that their lines of credit on their cards add up to $100,000. For instance, if a person has 20 credit cards, each with a $5,000 line of credit, his/her total line = 20 x $5,000 = $100,0000.

BANKS IN MARYLAND AND DELAWARE seem especially interested in issuing new cards to people throughout the country. So if you're looking for more credit cards, apply to such banks. You will--in general--be welcome. And--hopefully--you'll get a nice line of credit which you can use for your needs. Remember:

* Banks are willing to issue new cards to people who already have other cards because such folks are usally better credit risks.

* Banks are willing to issue new cards to first-time card holders because this gets a person started using cards--which builds profits for the banks.

* Banks are willing to accept less-than-perfect credit when they're trying to issue new cards and you have good reasons (illness, job loss, etc.) for the credit situation.

ake "Paper Real Estate" Make Your Fortune

2006-02-07T01:34:00.000-08:00

"PAPER REAL ESTATE" is income property from which you earn money but which you do not own. One good way for you to make money today in "paper real estate" is to:

1. Manage income real estate for an owner who wants to be free of da-to-day chores

2. Being paid a commission of 5% to 7% of the rents paid by tenants--some, or all, of which you might collect

3. Earning a bonus--often half of the first month's rent--on each apartment or other space which you rent to new tenants

WHAT IS IN "PAPER REAL ESTATE" FOR YOU? Plenty! Here are some of the great advantages, as we see them:

1. You earn money in real estate while you learn more about the field

2. You learn the ins and the outs of the field--what brings in the money, what people complain about, what problems owners have

3. You get inside info about how much money each building you manage makes, how much it costs to maintain each property, etc.

4. You're in "the driver's seat" if the owner decides to sell. Why? Because if you've done a good job, the owner will probably think of you first as a potential buyer

5. A zero-cash deal may be offered to you to buy the property--if the owner likes your style of managing the building

HOW CAN YOU GET STARTED AS A BUILDING MANAGER? It's easier than you think--if you're in a large city, in an area near one, or near a multi-family development. To get started:

1. Learn as much as you can about managing buildings by reading books in your library

2. Talk to building managers--ask them how they do their job, what challenges they face, how much they earn, etc.

3. Write letters to local building owners, telling them about your desire to manage one or more of their buildings in the area

4. Be ready to start in small buildings and go on to larger ones as you gain experience

5. Accept the good income you can earn as a manager in "paper real estate!"

Get The Real Estate Loan You Need

2006-02-07T01:24:00.000-08:00

MANY PEOPLE WANTS TO GET INTO REAL ESTATE find good properties. What almost all these lack is the down payment money for the property they want to buy. What can they do? Here are your answers:

1. Decide what type of properties you want to own and get an income from--in your spare time.

2. Look for lenders in your area who are willing to lend on the type of property you want to own.

3. Prepare a good business plan showing how the properties you buy--and own--will earn a profit for you and your lender.

4. Spend lots of time looking for a suitable lender. Why? Because all you need is one lender and you can be on your way to great wealth.

TO SHOW YOU HOW THIS CAN WORK FOR YOU here's the real-life experience of an our reader who used the steps to start building his real estate fortune in residental properties. Located in the midwest, he:

1. Bought 12 properties in four months using a local lender who's willing to loan on low-income housing.

2. Concentrated on 2-to 4-family units because this is the type of property the lender prefers.

3. Is able to buy such properties at 80% of their market value because not many people are interested in them.

4. Has mortgages out--that is got cash at the closing for each property he bought. These 12 properties have netted him$40,000 in mortgage-out cash in 4 months.

5. Is certain that each property will give him a positive cash flow before he agrees to buy it.

HE LOOKED FOR LENDERS FOR A LONG TIME before he found one who was willing to work with him. When he found a suitable lender, the loan officer assigned to him said: "This is what we can do for you. If you follow our rules and guidelines we can":

1. refinance a land contract you put on property for 80% of the property's market value.

2. Will lend up to 85% of the appraised value of the property, provided it is in our lending area.

3. Will make your loans quickly without a lot of paperwork if you follow our rules and guidelines.

YOU--TOO--CAN DO THE SAME IN YOUR AREA. While you may prefer other types of property to own, residential 2- to 4-unit buildings are easy to get money for in most areas. True, it make take time to find "your" lender. But once you do you can quickly build the real estate wealth you seek.

Get All The Credit You Need For Business Or Real Estate

2006-02-07T01:21:00.000-08:00

DO YOU GET INVITATIONS FROM BANKS to take out a credit card with them? If you do, you know the routine. The letter in your mailbox says:

1. You now have a $100,000 line of credit with the ABC bank through their platinum credit card.

2. No annual fee when you apply before June 1; and you can apply user toll free 800-number!

3. Get cash advance checks instantly when you start your credit card--don't even visit the bank; use the phone to save time and auto mileage.

4. Have your credit line increased in 15 minutes, or less, when you use our credit card no hassles!

5. Free, fast delivery of replacement cards if you lose yours, or it is stolen; you'll never be without your card.

6. You're also given free travel insurance to cover you while on any business trip--anywhere.

NOW WHAT DOES ALL THIS MEAN TO YOU, as a Beginning Wealth Builder? It means plenty:

* If the banks want you to accept one of their credit cards you're in lucky position.

* Just wait and watch the card offers come in--with only 10 cards at $100,000 each, you can quickly have $1-million in credit!

* And you don't have to be wealthy to have the banks "chashing you" to accept their credit cards. One of the writers uses a pen name when writing some of his articles. Guess what? His Pen Name was recently offered a card with a $100,000 line of credit on it even though there's no such person as this pen name!

* So if a pen name can get a card with a $100,000 line of credit, so can you- a living, breathing person!

EVEN WITH POOR CREDIT YOU CAN GET the credit cards you seek. Here's how to get those cards--starting right now:

1. Ask your friends and family members to save every credit card solicitation they get from a bank; never throw one way!

2. Copy the names, addresses, and toll-free numbers of each bank anf the offer they make in terms of the credit line offered.

3. Call each bank and ask them to sendyou--by mail--two copies of their credit card application form, plus their card requirements--income, job history, interest rates, etc.

4. Fill out one of the application on a test basis--being sure to type every entry, except for your signature.

5. Show the application to a person in your local bank. As what they think. Would your application be approved by them? If the answer is YES, send it in. If the answer is NO, ask how your application could be changed to make it acceptable. Then make the suggested changes and send your application in.

6. Keep trying until you get the credit cards you want. If you keep trying you're almost certain to get the cards you want! We hope you're approved--you really have an excellent chance.

Income Real Estate Down Payment Tactics

2006-02-07T01:18:00.000-08:00

WE'VE NEVER MET A BEGINNING WEALTH BUILDER who could not find good income real estate to buy. Most of them today find too many desirable properties to buy. Their main problem is:

* Finding the down payment money needed to take over a property having a strong positive cash flow.

* While meeting the first mortgage lender's requirement that the down payment money NOTbe borrowed.

* And being able to repay the loan from the positive cash flow from the property.

HOW CAN A BEGINNING WEALTH BUILDER MEET ALL THESE REQUIREMENTS? There are several ways to meet these requirements. One of the best ways--which is very popular today--is to:

1. use credit card lines of credit to supply the down payment cash to take over a property you want.

2. Being sure--in advance--that you'll have long enough to pay off your credit cards to allow you to have a positive cash flow from the property.

3. While also having a large enough income from the property to pay the first mortgage and all expenses with cash left over for emergencies.

LET'S LOOK AT REAL-LIFE EXAMPLE SHOWING HOW BEGINNING WEALTH BUILDER can be finance the down payment for an income property from his/her credit card lines of credit:

* Price of property = $100,000, with 20% down payment due at closing

* Income from property = $26,000 per year

* Expenses (maintenance) = $4,800 per year

* Real-estate taxes on property = $2,400 per year

* First mortgage payment for an 8% 25-year first mortgage = $617 per month on a $80,000 mortgage

* Second mortgage of $20,000 from credit card lines of credit at 20% interest for 5 years = $503 per month

* Total mortgage payments = $617 + $503 = $1,120 per month, or 12 x $1,120 = $13,440 per year

* Total expenses = $4,800 + $2,400 = $7,200 per year

* Grand total outlay = $13,440 + $7,200 = $20,640 per year for this income property

* Net positive cash flow = Property income - total outlay = $26,000 - $20,640 = $5,360 per year.

THUS, THIS BEGINNING WEALTH BUILDER HAS A NET POSITIVE CASH FLOW of about $100 per week from this property which he/she took over for Zero Cash Down because both the first and second mortgages come from borrowed money!

Ten Ways To Make Money From Money

2006-02-07T01:10:00.000-08:00

WHEN YOU WANT TO EARN MONEY some people feel more secure by working with, and closer to, money. While there's no guarantee that you'll earn more working with money, many people enjoy doing so and do earn more from:

1. Become a financial (money) broker and find loans for companies and individuals. Earnings potential can reach $100,000 per year finding company loans.

2. Become a factor finder/broker and get loans for firms doing work with large strong-credit companies, colleges, cities, states, or federal goverment. Earnings potential can be in the $100,000 per year range.

3. Cash people out of mortgages they're holding by finding buyers for the mortgages. You earn a fee for bringing the buyer and seller together. Earnings potential can range up to $75,000 per year.

4. Finding mortgages for sale and sell them. You are a midle person, acting as a finder/seller without putting up any cash of your own, except for ads and phone calls. Earnings potential can go to $150,000 per year.

5. Help professionals get loans--doctors, dentists, other health personnel. Or specialize in engineers, lawyers, accountants, etc. Earnings potential = $75,000 per year.

6. Be a grant consultant guide to help organizations and individuals obtain grants for a variety of worthwhile purposes. Earnings potential = $100,000 per year.

7. Guide small companies into going public and earn a fee based on the amount of money raised. With the greater activity in IPOs (Initial Public Offerings) there's plenty of business around. Earnings potential can be in the $500,000 per year range.

8. Get finance for consumer items--autos, home appliances, boats, personal aircraft, etc. You work with the seller of the item--such as the auto dealer, home appliance seller, etc. Earnings potential = $100,000 per year once you're established with a few dealers.

9. Get collateral, enhance (improve) a borrower's loan collateral for a fee. The offical term for this is collateral enhancement and it has an important place in the world of money today. Earnings potential = $150,000 per year.

10.Specialize in international finance for companies all over the world. You get loans, goverment funding, and other financing for small or large corporations. This takes experience; language skills are also a big help. Earnings potential can range up to $1-million per year for highly successful operators in this field.

THERE YOU HAVE TEN WAYS TO MAKE MONEY FROM MONEY. Take your pick. They all work--if you work at them!

Getting Real Estate For Zero Cash Down

2006-02-07T01:07:00.000-08:00

THERE ARE MANY WAYS FOR YOU TO GET the down payment money. Some are direct access to the full amount; others are a combination of two or more methods to get you the down payment you need. Let's look at a few methods:

1. Use your credit card line of credit for the downpayment money. Some people use one line of credit; others use as many as 10 lines of credit on 10 credit cards to get the money they need.

2. Have the seller take back a mortgage for all, or part of, the down payment amount. Thus if the down payment for your future property is $25,000, you might arrange for the seller to take back a note from you for $15,000 for 5 years; then you only have to get $10,000 for the down payment. This is called a purchase money mortgage and is widely used where the buyer lacks cash.

3. Arrange for the seller to borrow the down payment money using his/her credit and assets (the property). You then assume the responsibility for repaying the loan; the seller has the cash he/she wants and is out of the daily running of the property--which the seller is glad to be.

4. Borrow money for the down payment. You can use an insurance policy you have as a source pf borrowed money, a personal loan, a personal line of credit separate from your credit card line, or any of many other sources of funds.

5. Have the seller cosign on a loan you get from a bank, credit union, finance company, or any other lending source. The seller gets his/her money and you have the responsibility of repaying it. Just be sure the cash flow from the property allows you to repay the loan in a timely and complete manner.

How To Make Quick Real-Estate Money With No Money Up Front

2006-02-07T01:04:00.000-08:00

DO YOU WANT TO MAKE MONEY IN REAL ESTATE without any down payment, no monthly mortgage payments, no maintanaince of the property, and without a long-term responsibility for the property?You can. Here's how:

1. Use an option contract with a 6-month to 18-month life to control the property while you put it up for sale

2. Write your option contract so the seller continues to make monthly mortgage payments, collects any rents due, and continues to maintain (paint, repair, etc) the property while you enjoy the right to sell it

3. Advertise the property for sale in places where ot has the greatest change for a fast sale. You'll find that the Sunday papers, weekly papers, and some special newspapers aimed at lawyers, doctors, dentists, etc. are good outlets for your ads to sell the property

4. Remember that NO license of any kind is needed by yourself or your partners when you use an option to control property for the purpose of selling it

TO SEE HOW YOU CAN USE AN OPTION TO MAKE MONEY in real estate today, let's use a real-life example from today's real-estate market:

* A 2-family houses is offered for sale at a price of $200,000 by a seller who wants to move to another area of the country

* You look over the house and feel that it can be sold for $225,000, if properly marketed

* You ask the seller for an 18-month option on the property, during wich time you can sell the property

* Your option can be paid for in cash, with a prommisory note, or with a pledge of any other valuable consideration. So you can control a property--in some cases--with no money out of your pocket. No matter how you pay for the option, be sure to keep the amount as small as possible because if the option expires (ends) without you selling the property, or buying it, the seller keeps the option money

* Once you have the option, take steps to sell the property quickly. Let's say you sell for$225,000 the $200,000 optioned property. Your immediate gross profit will be $225,000-$200,000 = $25,000. Out of this amount you'll have to take your option cost of $100 to $1,000, plus closing and ad costs. With an option cost of $1,000, ad costs of $1,000, and closing costs of $3,000, your profit will still be $20,000. Not bad when you realize that you did not have any costs for the property while controlling it for sale.

SO YOU SEE, TAKING AN OPTION ON REAL ESTATE is an easy, low- or no- cost way to get started making money in this great field. And you can use the idea of an option for any other type of property--airplanes, ships, expensive autos, art, etc. The main thought with options is: KNOW--in advance--HOW YOU WILL SELL THE ITEM ON WHICH YOU TAKE AN OPTION!

Get Business Loans From Local Sources

2006-02-07T01:02:00.000-08:00

MANY CITIES AND STATES OFFER BUSINESS LOANS of various types. But Beginning Wealth Builder (BWB's) are often unaware of such loans because:

1. Loan availability is not well publicized because os small budgets for advertising

2. Managers of the loan programs assume that the word will get out because their offer is so good

YOU CAN OVERCOME THIS LACK OF INFORMATION by taking some simple steps in your area. These steps are:

1. Look in your state and city tlephone listings for a Small Business Development Company (SBDC) in your area or elsewhere in the state

2. Call, or write, the SBDC telling them that you need a business or real estate loan for your new business; ask who you should contact for the loan

3. Contact the person or organization whose name you're given in Step 2. Ask what is needed from you to qualify for the loan you need. You will probably be asked for a short business plan.

4. If a business plan is needed--as it most probably will be--ask for help in its preparation. Many SBDCs offer free help in writing your business plan. All you need do is supply the facts and figures.

5. Prepare your loan application, using the free advice from the SBDC. They will even type the loan application for you because they want to see you get your loan. Follow the SBDCs advice on what to include in your loan application--these people know what they're doing!

CITY AND STATE LOANS OFFER YOU A WIDE CHOICE of options. Thus, in one city the following businessfinance offers are available:

*Business startup loans for a variety of different types of businesses useful the community--such as a child-care facility, health clubs, high-tech firms. Loans can be small (microloan) $5,000 to large--$300,000 depending on the needs of the business or real estate

*Venture capital for businesses that promise fast growth in the area--such as computer and electronics companies with promising futures

*Equity funds--that is money invested in a company in the form of stock purchases--money that never need be repaid to the investors.

*Grants for businesses that help the local area with better housing, more medical care, presentation of programs on the arts--theatre, literature, etc.

ALL THIS HELP IS AS CLOSE TO YOU AS YOUR PHONE BOOK. A simple, single call can put you on the road to the money you need for business or income real estate. Typical loans range from $5,000 to $300,000; typical venture capital can run from $500,000 to $3,000,000 per business. So get started NOW!

An Easy Way To Raise Public Money

2006-02-07T00:58:00.000-08:00

DO YOU BELONG TO A RELIGIOUS ORGANIZATION of any kind that needs money? If you do, and the organization has a nonprofit status, you can:

1. Raise money for the organization by selling bonds to members of the congregation and others

2. Using "exempt securities" which are not regulated by the US Securities and Exchange Commission (SEC)

3. Offering high interrest rates to buyers of the bonds to encourage them to buy the bonds

4. Being able to advertise the availability of the bonds in local newspaper and magazines, if you wish

IF YOU DON'T WANT TO SELL BONDS YOURSELF, you hire one of the 20 or so national finance companies specializing in church bonds. The typical fee charged by such firms can run 7,5% of the amount raised. For this:

1. The finance company will prepare the business plan (called a "prospectuse") describing the offer, detailing how much money is neede, the purpose(s) for which it will be used, and how the money will be repaid to the bondholders

2. The finance company will hold public meetings for the members of the religious organization at which the offering will be described and quetions answered

3. The finance company will place ads in suitable media (nespapers, magazines, etc.) to sell the bonds to the general public

4. The finance company will receive $75,000 for this work if it raises $1,000,000 for the religious group, leaving the group $925,000 for itself

THE MONEY RECEIVED BY THE RELIGIOUS ORGANIZATION from the bond sale is nontaxable to the organization. Typical interest rates offered by exempt-securities can run up to 10%, depending on the demand for such bonds. The money received by a religious organization (or other nonprofit) can be used for:

*Construction of new buildings, facilities, etc.

*Pay off earlier debts incurred for the organization

*Reimburse the finance company that raised the money

*Pay current expenses, such as salaries, rent, etc.

BOND PRICES CAN RANGE from $250 to $500 or $1000 each. Such bonds can mature--that is--be paid off in 3 years, 5 years, 10 years, or 15 years. Meanwhile, the bonds pay interest to their owners twice a year. The regular income of the religious organization or nonprofit pays the interest expense. This interest is taxable to the bondholder.

The Almost-Perfect Loan For You

2006-02-07T00:46:00.000-08:00

IS THERE A PERFECT LOAN FOR YOU? A loan that meets the following general requirements of almost all borrowers:

1. Quick approval without days or weeks of waiting for an answer which is often "No"

2. No loan application that must be filled out to get the loan when you need it

3. No loan officer to face and plead with to get the loan you need

4. No loan rejection because you're told "There are too many inquiries on your credit file"

WHAT KIND OF A LOAN MEETS THESE REQUIREMENTS? The answer is simple, and almost everyone is eligible. It is:

1. The credit card line of credit that you get when you're granted an unsecured credit card.

2. Amounting to anywhere from $500 to $25,000, depending on the card issuer and your credit rating.

3. Available in an instant when you need the money, with just a swipe of your credit card or your signature on a piece of paper

4. With multiple lines of credit available from several credit cards you hold--thus, 10 cards at $25,000 each will give you 10X$25,000 = $250,000 in a flash!

BUT, YOU SAY,"I DON'T HAVE ANY CREDIT CARDS. What's more, my credit is bad and I can't get any credit cards--except secured ones that don't have a line of credit." If this describes you, consider:

1. Using a relative's credit cards and the lines of credit on these cards--for a piece of the profit from the business you'll enter with the money you get

2. Taking on a business partner or partners with several credit cards and using their credit line

3. Getting a business associate or friend to allow you to use their credit card line of credit which you repay each month, along with a fee to your associate

Is It Worth The Trouble Trying To Find Someone to help you with their credit-card line of credit? It sure is! Why? Because:

1. You can use the line of credit for any worthwhile purpose you choose--such as real-estate down payment, business purchase, buying inventory, etc..--without telling anyone what you'll use the money for.

2. You get your money in moments--saving valuable time and allowing you to clinch a deal fast

3. While you repair your credit (or expand it) and begin to get some credit cards of your own for your next deal.

For Real-Estate Wealth, Get Assumable Mortgage Properties

2006-02-07T00:24:00.000-08:00

YOU'LL OFTEN HEAR REAL-ESTATE BWBs ASK: "The property has an assumable mortgage--is that good?" Our answer, for income properties, is:

* Assumable-mortgage income-property deals are great for YOU because:

1. You get the property with NO credit check, NO credit investigation, O financial reviews

2. You take ove the property, and its income, without ever filling out a mortgage application

3. You can concentrate on getting the down-payment money because the long-term assumable mortgage is already in place

SO JUST WHAT IS AN ASSUMABLE MORTGAGE? An assumable mortgage is all of the following:

1. A loan on a property obtained by someone other than yourself using their credit rating.

2. The loan (a mortgage) was obtained at an earlier date--that is, before you made an offer to buy

3. No change in loan terms (interrest, monthly payments, terms-number of years for payoff) occurs when you take over the payments

4. The lender never investigates your credit rating, never asks what you and your spouse earn

5. You just start making monthly (or semi annual or annual) payments when you buy the property--the lender doesn't care whose name is on the payment check as long as it comes in on time and is the correct amount

THEN WHY IS AN ASSUMABLE MORTGAGE GOOD FOR YOU? Such a mortgage is good for your for several proven reasons, namely:

1. You get a large loan without having to quality for it. This means you can raise your net worth easily and quickly without any hassles

2. You don't have to undergo a credit check. So if your credit is shaky, it won't get in the way of you taking over a profitable income property that could start you on the way to wealth

3. You will never be turned down for "too many inquiries" on your credit report. Why? Because there are NO inquiries on your credit report

4. You can take over one property after another with no one saying you're expanding to quickly. All that happens is that your net worth and income increase, making you richer! So, get out and get an assumable-mortgage positive-cash-flow property today--it can make your rich sooner than you think!

Real Estate Options Can Make You Rich

2006-02-06T23:53:00.000-08:00

A REAL ESTATE OPTION IS A PIECE OF PAPER that allows you to control a property--such as a building, a piece of land, a hotel, motel, etc.--without owning it. And an option can cost a little as zero dollars, or up to several hundred dollars. Let's see how you might use an option--based on a real-life property:

1. A Beginning Wealth Builder in a residental area took an option on 33 single-family homes in the month of September.

2. The option cost nothing--that is, zero dollars--and ran for 120 days through the option period.

3. At the end of the 120-day option period this Beginning Wealth Builder would have to buy these 33 homes for a total cost of $796,000, or lose his option opportunity.

4. Using creative advertising and sales methods, this Beginning Wealth Builder has been able to sell 15 of the houses for $748,000. His cost for these 15 is $392,000, giving him a profit of $748,000 - $392,000 = $356,000 before expenses. The other 18 homes he's selling for $565,000; his cost for these = $404,000; profit before expenses = $161,000. Total profit before expenses = $517,000. Even with several thousand in expenses his profit is still significant and gives a nice year's income.

HOW COULD ANYONE MAKE THIS MUCH PROFIT in this a short time, you ask. The answer is easy to give, and it has several parts. This Beginning Wealth Builder:

* Knows the area these homes are located in because he has carefully studied values and sales in this location for a long time.

* Offered buyers good value for the price they paid, making this a win-win sale for the buyers and the seller--plus the issuer of the option.

* Arranged the financing so the buyers could get mortgages that are affordable and allow them to earn money from the homes they bought.

* Held to his asking price even though buyers tried to "knock him down" in price to get a better deal.

IF THIS TYPE OF REAL ESTATE INVESTING INTERESTS YOU then you should give it some thought and:

1. Read a typical option; learn what's in it. Get another version of the basic option if the one you read does not appeal to you.

2. Look around your area to see what kinds of properties are in demand which you can take an option on and re-sell at a profit. REMEMBER: NO LICENSE OF ANY KIND IS NEEDED TO DEAL OPTIONS.

SO IF YOU'D LIKE TO HAVE THE POTENTIAL of earning some $500,000 in less than six months, consider real estate options. They do work for Beginning Wealth Builder's!

How and Where To Get Big Real Estate Loans Today

2006-02-06T22:46:00.000-08:00

SOME OF THE BIGGES REAL ESTATE LOANS you can get today come from the FHA--Federal Housing Administration. These loans are often in the range of $500,000 to multi-millions. Why are they available to you? For several reasons:

1. The Government wants to encourage certain types of building construction or repair.

2. Such as multi-family housing, nursing homes, and retirement homes that benefit large groups of people

3. To do this, big loans are made available to developers, prospective building owners, and other real estate people

4. Helping society get the types of buildings needed for healthy living the Government seeks for every citizen

THERE ARE SEVERAL AGENCIES offering loans today through FHA, Fannie Mae, and Freddie Mac. These loans are for:

* New construction to buildings listed above

* Purchase of existing buildings of the types listed

* Refinancing of existing multi-family housing (apartment houses), existing nursing homes, and retirement homes

THESE LOANS ARE REALLY GREAT because they have so many advantages for you--the borrower. These advantages include:

* Non-recouse--this means the lender does not have any right to sieze your other assets if the loan goes bad

* Long-term--30to 40 years for repayment of your loan; this means that your monthly payments are lower

* Fixed interest rate--meaning that your monthly payments for principal and interest (called P & I) are constant--they do not increase no matter what happens to interset rates

* Low equity needed--meaning that your down payments much lower than with other types of financing--such as from bank or mortgage company loans

WHERE CAN YOU GET ONE OF THESE LOANS? You can get your loan through any one of the agencies listed above that handles the type of loan you seek. Here are the loans, their agency, and their phone number:

* For multi-family housing, use the Freddie Mac 221(d)4 Multifamily Housing Program, and the 223(f) Refinancing and Rehabilitation Program, and the Freddie Mac DUS Program. Call 1-800-688-9889 for the nearest office.

* For retairement centers, use the Retairement Center 231 coinsurance Program for proposed facilities and the 223(f) coinsurance Program for existing facilities. Call the above general information number for the nearest office.

* For nursing homes, use the Nursing Home and 232 Board and Care Mortgage Programs for such facilities. Call the number above for more information from your local office.

ALONG WITH THESE GOVERNMENT PROGRAMS, there are others which offer real opportunities for you to take over an income property with a low down payment. These include:

* Below-market interest rates available through participating mortgage for you

* Tax-exempt financing with lower floating interest rates to keep your costs down. Call the numbers given above for free information.

2006-02-04T04:12:00.000-08:00

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