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Only one real estate investing course, The Simple Man's Guide to Real Estate® is rated over 4 stars and offered by a Christian non-profit which allows mentoring to be provided at no cost by actual investors who volunteer their service to help you succeed. Because the profit motive is removed, the ONLY cost for the entire course is the actual cost to produce and get it to you at a tiny fraction of what other "gurus" charge, and it includes FREE mentoring for as long and as often as you need it. No monthly fees; no hidden costs; nothing else to buy And it has had an "A+" rating with the BBB for over 20 years.

It is the only course that teaches ALL the strategies of ALL the "gurus" - plus all the latest strategies for EVERY type of market, and ANY economic conditions.

Novice or pro, "The Simple Man's Guide to Real Estate Investing" is the only real estate course you will ever need. Isn't the future of your family worth it?

Check it out - it costs nothing to look.


Great Tips For Squeezing Out More Profit

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Here are some great tips for increasing your profits as real estate investors:

When you locate a note to buy, sometimes you can make a quick profit selling to the man who is PAYING that mortgage. For example, let's say you locate a $20,000 mortgage that you can buy for $13,500. Go to the person paying on that note and offer it to him for $16,500. He can refinance the house to get the money. He saves $3,500 and reduces his monthly payment while you make a quick $3,000 overnight.

OR TRY THIS: a note is less secure than a tax-deferred municipal zero coupon bond (NOTE: use caution with muni bonds - some cities and states are going bankrupt). Such bonds can be bought for about 50 cents on the dollar and are worth full value when they mature. So, locate the holder of a $20,000 note and offer them a more secure $20,000 in municipal bonds for greater security. You buy the bonds for $10,000, so you purchased a $20,000 mortgage for $10,000 instead of the usual $13,500-$17,000. Now you can trade that $20,000 note as a $20,000 down payment on an $80,000 piece of real estate. That $80,000 home has only costs you $70,000. Or, you can sell the mortgage to an investor - or the guy paying on that mortgage - for a quick profit.

If a property needs to be fixed up, don't pay retail for new materials. Buy the materials - lumber, brick, sinks, stoves, electric service panels and other items from the local salvage shop that tears down buildings and recycles the materials. It saves you a lot of cash.

You can usually get huge discounts from places like Building 19 on things like paint, wallpaper, carpeting etc. And both Home Depot & Lowes often offer discounts on pre-mixed paint - folks order the paint, then decide the color is not right. Sometimes that paint sells for as much as 50% discount.

While hunting for properties to buy, keep your eyes open for buildings that need to be taken down due to storm damage etc. Offer to take them down and remove the materials and debris, either for free or you can charge a modest fee. Use the salvage materials for future fix-ups.

If you do not have enough money to do the fix-ups, use credit wherever you can - the payments are small and you can pay it off later from your proceeds. Also, consider barter. Offer a builder, painter, roofer etc. something of value other than money. You can trade services for services, goods for materials etc. A dentist I knew traded dental services in exchange for adding a beautiful new pressure treated deck on his home. Or, if you own equities in other real estate, offer them some of it, or the interest on mortgages you hold, or even the monthly payments from them until your bill is paid. Or simply show them the profit you will be making, and ask them to wait to be paid until you cash out, at which time you will pay a little extra.

Life insurance companies will often loan money when banks won't. They are always looking for good investments, particularly in real estate. Their rates may be higher, but your chances are better.

Get cash from your equities. Many "money stores" will loan up to the full amount of your equity, or more. Because it is a loan, it is tax free. Use the money to buy and resell more properties that will repay the loan and still make you a profit.

With credit cards that allow cash advance options, borrow the cash to quickly close a deal, then resell and pay off the loans before much interest is due. The more cash used in buying a property, the lower you can negotiate the price. This is also true for being able to close quickly. For example, if you borrow $10,000 each on 8 cards for $80,000, you should be able to purchase a $100,000 property for that $80,000 cash if the seller is in a hurry to close. Then quickly flip for full value, pay off the loans and pocket the $20,000 cash.

These methods put you in a high tax bracket. Remember all those freebies you got - lawn tractors, furnishings, tools, equipment etc.? If you sell them off you may get 50% of their value. But you also have more money to pay out in taxes on that income as well, so why not give that stuff away (except for antiques, etc.)? You can donate these things to charities such as Goodwill and write off 100% of their value on your taxes. What you save on taxes will more than make up for the loss from what you might have sold those items for. You become a benefactor to many, while lining your own pockets.

If the property has a built-in asset such as an inground swimming pool, don't let the seller include it's value in the price. That was HIS toy, not yours. And it's not an asset - it's a liability. It increases taxes, increases insurance and increases liability. Explain to the seller that as an investor, you cannot pay for liabilities. Later, as negotiations proceed, you can always agree to pay about 1/2 the value of the pool in exchange for getting the seller to cough up for closing costs, or toss in something else of greater value than the pool. Remember - you should not allow sellers to "tack on" to the price tag just because they added a luxury that others may not want.

If you will be holding the property for income, try to get the seller to accept a balloon or deferred down payment that you can pay out of the excess rents. For example, if the down payment is normally $5,000 that you do not have and you estimate a net profit of $300/month from the rents, offer to pay the seller $2500 cash each year for the next 2 years. You then get in without any down payment out of your pocket.

You can also try to barter for your down payment. Offer the seller your "second" car, your boat, or equity you might have in other real estate. You can even barter your services: if you are a builder, for example, the seller may want a new addition built on his new home. There is no law that says a down payment must be in cash.

If you have $500 overdraft protection on your checking account, why not get 3 or 4 additional accounts at other banks - all on the same day (so when they run a check, your other accounts do not show up). Set up overdraft protection on each. With 5 of those accounts, you now have an instant line of credit in the amount of $2500 which is likely to come in handy for repairs, down payments or other emergencies.

Although you may buy low, you may not be able to find someone to buy at full market. Instead, refinance high to get your equity out, then resell at your leisure.

Don't forget to look under "Rentals" and "Apartments" when looking in the classifieds for properties. Often, the owner will consider selling, especially if the ad is for "Lease with option to buy". In many cases, these sellers are motivated and flexible because the place is empty, costing them money.

If you own apartment buildings with more than 4 units, consider installing vending machines and a coin laundry to increase profits.

Lease nice properties - either homes or apartments - and then sublet for a profit on each. If you can obtain a lease on a $100,000 home for $750/month, you may be able to sublet for $850/month.

Is your child is ready for college? Will the tuition wreak havoc with your finances? Not necessarily. Cash in some of the equities you own and buy a 4 bedroom home in the town where your child will be going to college. Own it free and clear. Then make your child the building manager. Lease the other three rooms out to 6 other college kids BY THE FULL YEAR, making certain their parents sign the lease agreement if the student is under 21. Those rents will pay most or all your child's college costs. Your child, of course, can have a private room.

Meanwhile, your child has no housing expense because the child has a room in the house. As building manager you can also pay him/her a management fee, tax deductible for you, and the money pays for the child's books etc.

On holidays your child can come home or you go to visit, and all the expenses are tax deductible because you are meeting with your hired building manager. It's a legitimate business expense.

As the child prepares for graduation, contact the parents of students who will be attending the college the following year and show them what you did. Surely one will buy the house from you. The proceeds from any appreciation will pay off the remaining college loans, if you have any.

To save on closing costs, first negotiate the asking price down (example: asking price of $90,000 negotiated down to $82,000). Then, negotiate the seller into paying ½ the closing costs. He will probably refuse. That is when you offer to pay an extra $3,000 for the home if he will use that extra $3,000 to pay $3,000 in closing costs. He still gets the same amount of cash at closing, but you have saved $3,000 in cash by having the closing costs "merged" into the mortgage instead of paying as lump sum at closing. You pay an extra $20/month on the mortgage, but you save $3,000 in cash, now.

Now take the $3,000 cash you saved in the previous tip and pay off your short-term debts - credit cards, car payment, etc. This will lower your monthly expenses by about $200 each month, which you can now use to pay on your mortgage. You have transferred up to 5 years of high interest debt on depreciable assets into 30 years of low interest debt on appreciable assets (and it is tax free).

These are just a few of the great tips you will discover in "The Simple Man's Guide to Real Estate"

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