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Profiting From Promises Instead of Property
Friday, December 18, 2009 (65 reads)
When there’s high demand for mortgage loans, you can make extraordinary profits by finding private loans and passing them on to borrowers. This isn’t for everyone; that’s why there’s so much profit in it. Don’t try to do this until you have mastered the use of a financial calculator. The heart and soul of the money business is to be able to accurately calculate yield, payments, number of payments until the loan is paid off; and both the present value and future value of any financial arrangement. The HP 12C financial calculator has become as common in the “paper” industry as a claw hammer is in construction. Buy one and study the instruction book that comes with it. Be able to use it before you start making loans. Once you’ve learned to do this, you’re ready to turn into a mortgage lender. Sign up to see more |
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As Some Doors Close, Other Doors Open
Friday, December 04, 2009 (78 reads)
The tightening credit picture isn’t affecting all people equally. Odd as it may seem, there are millions of people who long ago cut up their Credit Cards and started living within their means. Many of these are retirees who have been around long enough to realize that increasing personal debt to pay for lifestyle doesn’t bode well for a time when Social Security and Medicare could be broke. Others are from the old school that mistrusts debt of any kind. Still others are not consumers. They don’t buy the latest audio equipment, computers or cars. Sign up to see more |
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Financial Security Means Having What You Need When You Need It
Friday, November 27, 2009 (81 reads)
Don’t tell this to those who are struggling in the trenches trying to survive the current economic cut back, but ultimately, wealth represents less opportunity than obligation. If you think being responsible for the care of a pet dog curtails a lot of fun, try being responsible for taking care of the life savings of someone who relies upon you. I’m not talking about some doddering old aunt; I’m talking about your immediate family. If you suddenly became dependent upon your parents, or your kids, for food, shelter, clothing, medical attention, and personal care, this could be a crushing blow for your family to sustain. That’s what portfolio strategies is about; protecting your family from needing to support you. Sign up to see more |
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How Many Ways Can You Make Money?
Friday, November 20, 2009 (111 reads)
Over the past few years, a lot of people made money buying a house, holding it a few months, and then selling it. It was almost automatic. Millions of dollars seemed within the reach of people all over America. Many of those millions came home to roost in the hands of entrepreneurs willing to take a chance on risking their own money and/or credit buying low and selling high. It was that simple. Buy at retail, let the market drive up the price, and sell at retail. Buy high, sell higher. Sign up to see more |
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Leveraged Options Can Make Money Anywhere
Friday, November 13, 2009 (83 reads)
The ideal candidate for an Option is a person who doesn’t want to move out of his home, but can’t afford it. This also applies to investors who have fallen in love with negative cash flow houses that they want to hang onto until the market comes back. In contrast to Lease/Options, even though they provide fewer benefits, pure Options enable investors and speculators alike to control the profit on a property without the risk of loss of large sums of invested capital and effort that ownership of a highly leveraged could demand. Sign up to see more |
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How to Give Houses Back to the Banks -- AUDIO Answer by Jack Miller
Monday, November 09, 2009 (117 reads)
I live in New York but bought 15 – 20 houses in Kansas City. They are a NIGHTMARE! Constant tenant problems. Management problems. I had to refianance to pull out cash. But the cash is getting eaten up by the problems. The money is all gone and I am FED UP with these houses and flying back and forth to try to solve the problems that have been going on for more than a year. I want to walk away and give them back to the back. But I’m concerned about judgements and being charged with loan fraud ( even though there was no fraud). Can the lenders come after my personal residence in New York? What should I do?
Press -> Play to play the audio.
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