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Learn the Secrets to a
Profitable,
No-Hassle, No-Risk,
Real Estate Business
with
Jack Miller's
Twelve Step Road to Riches
Video & Audio
Online Seminar
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This E-Seminar, taught by the Legendary Jack Miller, is your STEP-BY-STEP Guide to real estate success and financial security. You can watch this seminar videos or listen to the audios right from the comfort of your home.
Sit back, relax and enjoy the preview below.
See this incredible list of Lessons:
Lesson 1 & 2: Starting Out From Ground Zero
There are key steps to becoming successful: First set goals for an income within a set time period that you can accomplish honestly and ethically. Overcome your fears and implement your goals. Use leveraged debt to amplify your results, but not so much that you can’t make your payments. Reduce risk by buying single family houses; documenting and recording your deals properly. Continue to generate income to maintain your lifestyle without using any of your investment income or profits. By following these basic rules, you can quit working and start enjoying you life within just a few years.
Lesson 3 & 4: Hands-Off Management Systems That Build Equity
Management that will produce net income while increasing value is the key to all real estate wealth. Buying and financing houses that will attract cooperative, self-reliant, long-term applicants who will pay rents high enough to provide net cash flow is the key to a hand’s off management system. Usually, that requires seller financing that trades off a higher price for lower payments. Options to renew can reduce turnover and create higher profits.
Lesson 5 & 6: Leasing and Optioning Strategies
Management skills can build wealth very rapidly when combined with Leases and Options. Leases control possession, use, occupancy, and make high sandwich lease income possible. Burned out landlords and vacant house owners are the best targets. Options control amortization and appreciation with the highest leverage and lowest risk. Occupants who need money and don’t want to move are the best targets. For buyers, when combined, properly secured leases and Options control all the benefits of real estate; including tax write-offs, tax-free sales and exchanges. Selling on Contracts for Option can create highest prices and highest interest rates.
Lesson 7 & 8: Evaluating the Deal Before You Go Into It
A priority should be to use every minute of your time, and all of your energy and skill to make every day pay-day. You’ve got to find good deals and tie them up with the proper documentation before you can buy them. To do this you’ve got to set up a system to bring opportunity to you with and without brokers. When you find a motivated seller, learning to tell a good deal from a bad deal is critical to success. Finding good mentors and assembling a pro coaching team that’s motivated to help you do this is a priceless advantage to getting ahead.
Lesson 9 & 10: Financing Affects Long and Short Goals
The total number of houses you can buy and the speed with which you meet your goals will be governed by the net cash flow a house can generate. Even with historically low interest rates, conventional highly leveraged debt financing produces negative cash flow. By using patience and persistence to find sellers motivated to carry feasible financing; and/or a successful track record to attract investors who will provide the needed cash; then documenting formal ownership and profit-sharing arrangements, far more properties can be bought more safely, with less need for cash.
Lesson 11 & 12: Creative Seller Financing
Many sellers like installment contracts where they retain title, and will often trade off price vs. terms. Price discount is critical on quick-sale houses. Payment terms are much more critical on long term rental properties. Sometimes the sellers will sell for a fraction of market value if they can share in future profits. When profits are shared, houses can be highly leveraged without negative cash flow. Absent of profit-sharing financing, using single payment notes, zero interest rate debt, and simple interest, leases and Options produce higher profits with less risk. Reverse interest mortgages and irregular payments can reduce costs when buying. Rent-to-Own, beneficial-share sales, and Stutter Notes make it easier to sell and to carry financing safely.
Lesson 13 & 14: Negotiating Your Best Deal
Preparing to negotiate pre-determined objectives face to face with sellers and buyers without middlemen to get the timing, price, and terms you need, and taking the time to build personal relationships with the other party to discover his true needs creates good deals. Often you can use timing and convenience, and special tax advantages to obtain prices or terms you need. Let the correct documents prepared in advance negotiate for you.
Lesson 15 & 16: Buying From Owners in Distress, Legally
Finding distressed owners prior to being served with a default notice, and solving their problems while avoiding actions that could create legal problems, such as buy-backs, lease-backs, and loans can produce huge profits. So long as you have a reliable source of funds with which to bid; checking out condition, cost to repair, occupancy, and senior liens on pre-screened foreclosures, and cooperating with other bidders can create an advantage at public sales.
Lesson 17 & 18: Land Trusts That Reduce Liability and Litigation
Trusts provide low cost privacy, tax benefits, and asset protection. They also provide a mechanism for sharing equity and dividing profits and losses as well as obtaining the benefits of the Uniform Commercial Code to thwart those who would deprive you of your cash flow and assets. Understanding Trusts is the key to being able to custom tailor your own Declarations of Trust under the best law and domicile, and obtaining their many benefits.
Lesson 19 & 20: Tax Strategies
The Internal Revenue Code is full of legal strategies that should be used to reduce taxes. Some of these include Bracket Splitting, Changing the Character of Income, Timing, Basis, Tax Exemptions, Tax-free Trusts, Tax-free IRAs and Tax-free Pension Plans, using Options; plus special provisions for residential sales and tax-free exchanges. By studying the pertinent rulings, it is possible to make transactions much more profitable.
Lesson 21 & 22: Why Investors Wind Up Richer Than Wheeler Dealers
Buying and selling houses can make you rich, but the costs of taxes and expenses combined with the lack of residual equity, consume much of dealers’ profits. Investors slowly build tax-sheltered equity and increase income with each year that passes. Being able to sell on installment terms and be taxed at low capital gains rates gradually over long periods builds wealth rapidly. Better yet, to be able to sell at top retail and use the tax-free proceeds to buy virtually any kind of real estate, personal property, Options and Trust shares makes it possible to pyramid equity tax-free, and to avoid taxes on these profits for life.
Lesson 23 & 24: Where You Go From Here
Success merely measures continuing achievement in meeting your goals. Knowing when enough is enough is just as important as knowing what you wanted to attain when you started out. As you reach your initial goals, you need to set new ones that match your situation. At some point, effort to build wealth turns into effort to conserve it, and ultimately to distribute it where it will do the most good. Preparing yourself and your heirs to pass your wealth on to the next generation with the lowest possible taxes is important, but passing on your values is equally as important. To remain successful in all these pursuits, learning must never cease.
WHAT DO YOU GET?
This online seminar consists of 24 videos plus 24 audios
HOW MUCH DOES THIS SEMINAR COST?
It's yours FREE when you join www.CashFlowDepot.com
JOIN HERE