Creating Cash Flow With Creative Deals
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The thing that sets Americans apart from the citizens of other nations is their belief in freedom, and their optimism that they will always be able to achieve it. What sets entrepreneurs apart from other Americans is their commitment to the proposition that freedom isn’t possible without a degree of financial freedom; and that they will be able to attain this through their own efforts.
What sets real estate entrepreneurs apart from other entrepreneurs is that they don’t seek freedom by building massive stock companies, but by creation of income streams that build wealth while enabling them to support their families. This is a deceptively complex subject that relies upon a wide variety of knowledge, skills, experience, and “street smarts”.
As we delve into this subject deeper, we’ll discover that financial plans, accounting, financial controls, credit, marketing, maintenance and management all play a part in helping the entrepreneur achieve success. Ahead of mere financial success must be PERSONAL FREEDOM. Below is a rational progression for achieving full, personal freedom:
1. YOU WON’T BE FREE UNTIL YOU CAN CHOOSE WHERE AND WHEN YOU
WORK, and FOR HOW MUCH.
2. YOU WON’T HAVE THAT CHOICE SO LONG AS YOU’RE DEPENDENT ON A
“JOB” FOR YOUR FINANCIAL SUPPORT.
3. TO BE ABLE TO QUIT YOUR JOB, YOU HAVE TO WORK FOR YOURSELF.
4. YOU SHOULDN’T MAKE A RADICAL CHANGE TO QUIT YOUR JOB UNTIL
YOU HAVE ENOUGH MONEY ON DEPOSIT IN A MONEY MARKET OR BANK
ACCOUNT TO SUPPORT YOUR FAMILY FOR ONE YEAR.
5. YOU WON’T HAVE THAT MONEY UNLESS YOU CAN GENERATE
AFTER-TAX SAVINGS FROM BOTH YOUR JOB AND YOUR
6. YOU WON’T BE ABLE TO DO THAT WITHOUT A COMMAND OF
BUDGETS, TAXES, BUSINESS PRINCIPLES, DEDICATION AND
7. YOU WONT LEARN EVERYTHING YOU NEED TO KNOW WITHOUT A
LOT OF HARD WORK, STUDY, AND THE CAPACITY TO TOLERATE
8. WHEN YOU LOSE MONEY, YOUR FAMILY WILL LOSE A PORTION OF
ITS LIFESTYLE, SO YOU’LL NEED THEIR FULL SUPPORT WHILE YOU
MAKE THE TRANSITION FROM WAGE EARNER TO ENTREPRENEUR.
9. THE MORE DEALS YOU DO, THE MORE YOU’LL LEARN & FASTER.
10. EACH YEAR, YOU’LL MAKE MORE AFTER-TAX MONEY.
Unlike most of my other books and seminars that focus on the creation of wealth, this book is going to focus almost exclusively on the creation of cash flow; that‘s a big word: Under the umbrella of “cash flow” we can include business earnings, profits, wages, salaries, rents, borrowed money, interest and principal on loans made to others, proceeds of sales when any real estate, options, leases, and contracts are sold, savings, CDs, T-Bills, Notes, Bonds, retirement plans, cash-value insurance, annuities, legal settlements, lottery winnings, and proceeds of land which might include oil, gas, minerals, water, harvests of timber, crops, or fish, etc.
If you read back over the list carefully, you may indeed discover sources of cash flow that you may have overlooked, and these should surely be explored and exploited; but, for the purposes of this course, we’ll try to stick to an array of income from sources that most attendees will be able to relate to: Personal and Business earnings, Leases, Notes, Options, and Sales of Houses.
Order Creating Cash Flow with Creative Deals today!
TABLE OF CONTENTS
7. Wealthy or Rich?
8. Where Do You Fit?
9. Different Strokes for Different Folks
11. Getting Started
15. Transitioning Via a Line of Credit
16. Setting Cash Flow Goals
17. Spending Less Than You Make
19. Making More Than You Spend
20. Developing a Source of Cash Flow
23. Cash Flow Management
24. Start-Up Expense Work Sheet
25. Income and Expense Statement
26. Balance Sheet
28. Pitfalls of Conventional Financing
29. Institutional Financing Caveats
30. Avoiding Negative Cash Flow
32. Beating Bankers at Their Own Game
33. Due-On-Dale vs Due-On-Discovery
40. Avoiding Credit Tricks, Traps, and Travesties
41. Forecasting Cash Flow Needs
42. Capital Budget
43. Options to Buy or Sell
43. Using Creative Options With and Without Leases
52. Selling Before You Buy
53. Single Payment Note Financing
55. Multiple Note Strategies
57. The Importance of Credit Ratings
59. Private Party Financing
61. Private Lines of Credit
63. Retirement Plan Financing
64. Buying a Job vs Investing
66. Buying Houses Nobody Wants
72. Don’t Fall In Love With a House
73. Selling vs Borrowing
75. Let’s Talk Advertising
80. Creative Marketing & Publicity
83. Publicity vs Advertising
84. Getting the Price Right
86. Quick-Flipping Houses for Fast Cash
88. Presenting Property for Sale
95. Selling Rental Property
96. Selling the Sizzle, Not the Steak
97. Choosing a Broker
99. Qualifying the Buyer
101. Recycling Cash & Credit to Build Equity Fast
104. Multi-Level Wholesale Flipping
105. Indexing Principal and Interest
107. Using Financing to Convert Equity to Income
114. Wrapping an Option Contract
116. Wrapping With a Beneficial Interest
119. Financing Fixer-Uppers
121. Opportunities for Financiers