TIME TESTED SINGLE FAMILY HOUSE  SUCCESS SECRETS by Jack Miller

Success Isn't so much a matter of Winning' as It Is the Result of Not Losing.

One of the most successful people in the world is Warren Buffett.

His Rule #1 is: Never lose money.

His Rule #2 Is : Never forget Rule #I.

We may not be able to avoid losing money, but we shouldn't bet more than 10% of net capital on a single venture. This way, if things don't pan out, we've still got a chance to use what we have left to recover what we've lost.

Can you think of anyone you know who has been driven out of the real estate business and had to go back to work for wages because he or she didn't understand this?

Table of Contents:

SUCCESS SECRET # 1. AVOIDING FAILURE

1. Winning By Avoiding Losing
2. Trying to Hit Home Runs vs Buying Singles
3. Buying Properties You Don't Understand
4. Using Financing That Creates Negative Cash Flow
5. Treating Loans Like Earnings
7. Getting Into Bed With Strangers
9. Buying Out of Your Geographic Area
11. Buying Too Many Properties Too Quick to Manage
13. Buying El Cheapo Houses in Bad Neighborhoods
15. Buying a Job vs Building an Investment Portfolio
17. Failing to Learn Enough to Make and Hang on to Profits
18. Buying Trophy Houses vs Good Investments
19. Buying for Non-Economic Tax-Shelter Reasons
20. Holding 'Flipper' Too Long
21. Not Holding 'Keepers' Long Enough

SUCCESS SECRET #2. ADAPTING TECHNIQUES TO MARKETS

22. Analyzing and Harvesting Market Cycles to Maximize Profits
24. Working in 'Hot' Markets to Get More Bang for Your Buck
25. Money-Making-Magic in Slow Markets That Beats the Crowd
26. Secrets of Sustained Survival in a Choppy Market
27. Becoming Inflation and Depression Proof

SUCCESS SECRET #3: CREATING YOUR OWN PROFITS

28. Dy-No-Mite Negotiating Tips That Give You The Edge
29. Getting the Best Deals by Zigging When the Competition Zags
30. Using Creative Financing Techniques
31. Time-Tested Strategies That Make Money Today
32. Trade-Ins, Trade-Ups, and Trade-Downs
33. Leases that Create or Destroy Value
34. Options to Buy, Sell, and Lease
35. Partial Purchases and Sales
36. Created Paper that Transfers Equity

SUCCESS SECRET #4: USING 'SMART' FINANCING

37. Beating the Bankers at Their Own Game
38. Avoiding Credit Traps, Tricks, and Travesties
39. How to Borrow Money Smarter and Better
40. Creating and Selling Paper to Generate Cash Flow
41. Motivating Private Investors to Lend You Money
42. Pension Plan Financing
43. Trading Price for Terms that Create Cash Flow and ProfitC

SUCCESS SECRET #5: BUYING IN DISTRESSED MARKET MARKETS

44. Deep Discount Buying From Bankers and Their Victims
45. Extracting Money From Lenders and Sellers in Trouble
46. Negotiating Big Discounts From Lenders in Distress
48. Discount-Leaseback-Buyback Techniques and Caveats

SUCCESS SECRET #6: FAIL-SAFE PROPERTY MANAGEMENT

49. Hands-Off Management Systems
50. Positive and Negative Approaches to Managing Cash Flow
51. Increasing Your Cash Flow More Each Month
52. Structuring Long Net Leases, Lease/Options, Ground/Leases

SUCCESS SECRET #7: ASSET PROTECTION

53. How to Hold on to What You have, and Get More
54. Low Profile Property Acquisition that Confuses the Enemy
55. Using Trusts to Create and Maintain Financial Privacy
56. Using Corporations and LLC to Increase Take-Home Profits
57. Dealing With Government to Stop Problems Before They Start
58. Avoiding Government Subsidized Properties and Tenants
59. Using Contractors to Avoid Employee Liability and Taxes
60. Avoiding IRS Tax and Audit Problems
61. Legal Tax Strategies That Maximize Sale and Rental Profits
62. Avoiding Ownership and Management Law Suit Liability
63. Protecting Against Lead Paint, Radon, and EPA Hazards
64. Maximizing Profits in the 21st Century