Property Improvement Loan – Preferably Designed For Real Estate!
Melanie Stewart was a client of one of my associates and recently as her Life coach, Adrian sent her to me for some advice on earning some fast money. The following article describes our conversation and the things I told her that helped her create cash fast.
We both were looking at potential properties, inspecting them, and going over contracts. More houses disappeared the days that we looked at them. Things were looking grim. A plague of roaches took over our friend’s apartment and her son was causing problems. Her son had broken our fax machine in a fit of anger at having us living in ‘his’ living room. We fled back to our landlord friend’s property because things had quieted down in the neighborhood and the conflicts had stopped. We felt that we were finally in a safe place again.
In today’s economy everyone is talking doom and gloom but you probably aren’t hearing about how the smart people are becoming rich. They are using a little known try this out secret. Not the no money down scams or how to buy property without credit. What is more profitable than any other real estate investment is delinquent tax liens. Few people even know what they are and fewer people actually realize you make a lot of money investing in them.
Now you own the house; and you feel like decorating it the way you want to and for that you put in extra money. Because you spent a little extra real estate in Africa, the value of your house has increased. Now, the next step is very important so read carefully!
It’s incredible, really, how something in a relatively short time period of your life can cause so much upset — this part was very difficult to get through, but we got through it and now it makes for a good story!
Now, if we add all the components together, we get $69,400 ($10,000 appreciation $2,400 cash flow $2,000 principal pay off $5,000 tax benefits $50,000 equity discount). Now, we divide the $69,400 by the down payment. Let’s say you put $25,000 down on the property. If you divide $69,400 by $25,000 you get 277%. Wow! That is way more than you could get from an investment trust or through your bank.
11. Internet: You can spread the word through social networking sites like Twitter or Facebook. However, I strongly urge you to simple offer to provided educational information and do NOT make an offer to borrow money through internet sources. Advertising directly through the internet will attract attention form your state SEC department and I assure you that this is not the attention you want to attract.