By Tyler G. Hicks
This is all you want to find out about this man (the author):
On web page 137 he writes a number of pages approximately how incredible a hundred% financing is, whole with a "how to" part. on the finish of this excellent bankruptcy he even lists abot 70 creditors with addresses, web content and get in touch with numbers. BUT...he additionally writes, "None of those creditors - so far as i do know - makes a hundred% loans."
Huh? This publication, like his others, is filled with this moronic foolishness.
Read or Download 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate PDF
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Additional info for 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate
With this information in hand, you can easily judge how much money you will earn from a potential income residential property that you might buy. 1, for them. Construct these in the same way—by getting information from the seller or from the real estate broker handling the sale of the property. Start with a few properties close to you and then you can, within six months to a year, branch out to distant properties should you desire to do so. ” you ask. 1 Summary Sheet Property Name Price ($) Down Payment Asked ($) State Street 150,000 325,000 30,000 60,000 Bay Avenue Annual Income ($) Annual Expense ($) Annual Debt Payment ($) Annual Profit ($) 24,000 45,000 12,000 20,000 9,000 18,000 3,000 7,000 How to Base Your Real Estate Riches on Borrowed Money 29 from as little as nothing (zero cash) to as much as 29 percent of the asking price.
Property vacancy rates, often assumed to be 5 percent for financial analyses, are typically less than half a percent in well-located property. Desirable properties that have been rented for years become popular, and almost as soon as a vacancy occurs someone shows up to rent the space. ) Thus, it really is almost impossible for you to lose money in welllocated real estate. Also, if you buy an existing building—as I always recommend for your first purchase—your chances of success are even higher.
For example, here are a few rents I have seen in just the last few weeks: • An ordinary three-room apartment, $1,800 per month. 5 rooms), $2,500 per • month. A four-room apartment in an upper-middle class area, $4,000 per month. Thus, my good friend, the day of the $500-per-month apartment is basically gone in many large cities. Today we should figure on at least an average of $1,000 per month. What does this mean to you? Higher rents mean you can build your riches faster! Yes, I know that all costs related to a building have risen.