An Investor's 1st and Most Important Lesson
By Thomas Kish
Are you ready for the lesson
that will put you ahead of 99% of all real estate investors?
Here it is in a nutshell …
USE AS LITTLE CASH AS POSSIBLE!
The days of mortgage burning
parties are long over. But you will still meet people who believe
that it is good idea to pay off the mortgage on a property so
that they can have big cash flow.
Why do people want to own real
estate free and clear?
Because they believe it's the
way to make more money.
But let's do a little number
crunching:
THE OLD WAY
Use $40,000 of your personal
savings to buy a house with 20% down and get a loan for the
rest.
You may cash flow $400 per month.
And on this one house you will
also be getting …
A. Equity build up like a personal
saving account.
B. Good appreciation as the house goes up in value.
C. Great tax deductions that will lower your tax bill.
THE NEW, SMARTER WAY
Use an $80,000 new business
line of credit instead of your own CASH and buy 2 houses.
You may cash flow $200 per house
per month for a total cash flow of $400 a month.
And you are making money on
TWO pieces of investment real estate instead of one.
You're also getting …
A. DOUBLE the equity build up.
B. DOUBLE the appreciation.
C. DOUBLE the tax deductions.
AND YOU NEVER USED A DOLLAR
OF YOUR OWN CASH. The entire down payment came from a new business
line of credit!
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Pssssssst … Want to hear
a bit more?
There are other simple ways
to do this no money down stuff and get FOUR houses instead of
just two.
For example, the simplest way
to do no money down real estate deals is by getting your credit
score to stay above 680.
Then you find a good mortgage
broker that offers 100% LTV* real estate financing to the clients
that they work with.
*LTV = loan-to-value; the percentage
relationship between the amount of the loan and the appraised
value or sales price (whichever is lower).
IMPORTANT: Make sure that your
mortgage broker has closed this kind of loan recently with a
REAL client. You want to know that they have experience closing
these kinds of loans.
Forget about your bank. Find
a mortgage broker that has already done 100% LTV loans. Don't
let them tell you that they can do it. Make sure you verify
that they have already done it many times.
Next, write your purchase agreements
with wording on the addendum that states the deal is …
SUBJECT TO SELLER PAYING $4000
OF BUYERS CLOSING COSTS.
Now you have reduced your cash
needed to close by $4000, if the seller accepts. And if the
seller says “No” …
Just tell them you will raise
your offer by $4000 so they can pay your closing costs.
NOTE: If you are making offers
on real estate that has rent paying tenants, the seller will
be giving you the rents and damage deposits when you close the
deal.
When they turn this CASH over,
you can use it to pay for the property in most cases.
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Is there a better way?
Of course! The best way to buy
real estate is with a system that gets you cash advances from
new business lines of credit.
So check out the ULTIMATE NO
MONEY DOWN real estate system and learn how to …
1. Get a new business line of
credit.
2. Find foreclosure deals.
3. Set up partnerships.
4. Calculate the profit in a
deal.
5. Improve your credit score.
Remember that only thing that
can stop your financial success is:
Lack of knowledge.
Lack of capital.
Lack of a mentor.
YOU ONLY NEED ONE GOOD IDEA
TO GET RICH.
And you just found it!!!
You know that real estate has
proven to be the safest investment in any market.
That's why you make money in
real estate no matter where you live, and no matter what kind
of interest rates prevail.
As the saying goes in the real
estate business:
Good times are good for investors.
Bad times are good for investors.
About Thomas Kish
Now a full time real estate
investor, Tom has bought and sold over 5 Million Dollars worth
of real estate in less than 2 years.
Tom is a bona fide expert in
using new business lines of credit instead of cash to buy real
estate. There is no one else teaching anything like this SYSTEM!
Learn
more at CashFlowExperts