Real Estate

209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a by Tyler G. Hicks PDF

By Tyler G. Hicks

ISBN-10: 0471464996

ISBN-13: 9780471464990

ISBN-10: 0471690031

ISBN-13: 9780471690030

Here is all you want to learn about this man (the author):

On web page 137 he writes a number of pages approximately how brilliant a hundred% financing is, entire with a "how to" part. on the finish of this wonderful bankruptcy he even lists abot 70 creditors with addresses, web content and speak to numbers. BUT...he additionally writes, "None of those creditors - so far as i do know - makes a hundred% loans."
Huh? This e-book, like his others, is stuffed with this moronic foolishness.

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Extra resources for 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate

Sample text

Your tenants will usually be willing to pay higher rents if you improve the property. Thus, their sympathies will be with you when you take steps to improve your building. Chapter 2 42 • Be certain you know the numbers (income, expenses, profit) of • your buildings before you raise any rents. Make careful computations so you’re sure that the increases cover all your expenses and give you a profit and positive cash flow (PCF). Never support a building by putting cash into it each month. Learn All You Can about Your Holdings During your early days as a BWB—when you first take over an income property—particularly a residential one—there is a period during which you are getting comfortable with your property.

To build your wealth in real estate on borrowed money, follow this rule which works everywhere in the world: Keep your down payment as close to zero as you can on every property you buy. Allow the seller or the mortgage lender to put as much money into the property as possible. By keeping your down payment as low as possible, you increase your leverage enormously. And apply my Success Rule for every property you buy, namely: Never pay all cash for any piece of income property. You can, if you wish, pay all cash for your home because you want to get away from the monthly mortgage payments.

Let’s see how you can start building your millions in residential real estate on borrowed money, starting right now. Pick the Location for Your Future Properties Your first step in making your millions in residential income property is to decide where you want to have your real estate property. A delightful aspect of real estate is that you can own property either in a local area or in a distant city or town. It really makes no difference so far as your income is concerned. Why is this? Because income property is much the same, no matter where it is located—be it in New York, New York, Dubuque, Iowa, or San Francisco, California.

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209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate by Tyler G. Hicks


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