209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate: Zero Cash into 7 Figures a years in Real Estate - Softcover

Hicks, Tyler G. G.

Softcover

ISBN 10: 0471464996 ISBN 13: 9780471464990

Verlag: Wiley, 2004

Inhaltsangabe

More fortunes are built in real estate on borrowed money than in any other business. And you can build your fortune in real estate using borrowed money too-if you follow the advice and tips in this book. Whether you're making your first foray into real estate investing or have invested for a number of years, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate will show you how to acquire income-producing real estate and build your wealth by using borrowed money. Long-time real estate advisor Tyler Hicks offers proven strategies and real-world examples to illustrate how much MIF-Money in Fist-you can realistically earn by investing in real estate. A valuable guide for new, experienced, or affluent real estate investors, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate covers all the bases, from finding loans to hiring an accountant and an attorney to help with the business. Letters from individuals who have successfully followed the strategies outlined in this book are also included to help you understand exactly what you must do to make this plan work for you. Filled with in-depth insights and practical advice, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate discusses important real estate topics-including creative financing, acquiring single-family homes, and becoming a private lender client-to allow you to make the most of your investments in real estate.

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TYLER G. HICKS is a long-time real estate advisor and director of a large lending organization that has made millions of dollars in real estate loans. Hicks has also written several books on real estate investing, including How to Make Big Money in Real Estate.

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More fortunes are built in real estate on borrowed money than in any other business. And you can build your fortune in real estate using borrowed money too if you follow the advice and tips in this book.

Whether you re making your first foray into real estate investing or have invested for a number of years, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate will show you how to acquire income-producing real estate and build your wealth by using borrowed money. Long-time real estate advisor Tyler Hicks offers proven strategies and real-world examples to illustrate how much MIF Money in Fist you can realistically earn by investing in real estate.

A valuable guide for new, experienced, or affluent real estate investors, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate covers all the bases, from finding loans to hiring an accountant and an attorney to help with the business. Letters from individuals who have successfully followed the strategies outlined in this book are also included to help you understand exactly what you must do to make this plan work for you.

Filled with in-depth insights and practical advice, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate discusses important real estate topics including creative financing, acquiring single-family homes, and becoming a private lender client to allow you to make the most of your investments in real estate.

Whether you’re making your first foray into real estate investing or have invested for a number of years, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate will show you how to acquire income-producing real estate and build your wealth by using borrowed money. Long-time real estate advisor Tyler Hicks offers proven strategies and real-world examples to illustrate how much MIF–Money in Fist–you can realistically earn by investing in real estate.

A valuable guide for new, experienced, or affluent real estate investors, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate covers all the bases, from finding loans to hiring an accountant and an attorney to help with the business. Letters from individuals who have successfully followed the strategies outlined in this book are also included to help you understand exactly what you must do to make this plan work for you.

Filled with in-depth insights and practical advice, 209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate discusses important real estate topics–including creative financing, acquiring single-family homes, and becoming a private lender client–to allow you to make the most of your investments in real estate.

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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

John Wiley & Sons

ISBN: 0-471-46499-6

Chapter One

Build Your Real Estate Wealth on Other People's Money

More fortunes are built in real estate on borrowed money than in any other popular business. And you can build your fortune in real estate using borrowed money-if you follow the tips given in this book. How can I make such a statement?

Thousands of my readers write, call, fax, or e-mail me telling how they're building their wealth in income real estate using borrowed money to start. Many of these readers do this by following the tips in one of my books, newsletters, or courses. Their letters, calls, faxes, or e-mails prove to me that you can make big money in real estate today, starting with money you borrow from others.

Here are three letters showing how Beginning Wealth Builders (BWBs for short) get started in income real estate on borrowed money. (The state or country in which the BWB letter writer has his/her real estate is given at the end of each letter.)

(Note: "cashed out" means the buyer received $5,100 at the closing of the purchase.)

If you'd like to examine any or all of the letters cited in this book, just give me a call on the phone. You'll find my telephone and fax numbers listed in the last paragraph of the last chapter (Chapter 12) in this book. Please allow us a day to assign you a desk in my Manhattan office where you can spend as much time as you wish examining the actual letters-just as we received them.

Invest in an Item of Lasting Value-Income Real Estate

Buying a piece of real estate or dealing with a piece of real estate allows you to work with an item of lasting value. Why is this? Because the land on which the real estate value is based will never go away. It is there forever. So, too, is its value.

I know you can tell me that in some sections of the world the land falls into the sea and disappears. This is true. But the amount of land to which this happens is such a small percentage of the world's total that this event can be ignored. (And I assume that you have enough sense not to buy such land!)

Recognize the Many Pluses of Real Estate

All real estate has a certain basic monetary value that usually rises as time passes. But there are other advantages, besides the usual rise in value, to making your fortune from real estate. Here are some typical advantages:

In real estate, you are in a "borrowed money" business; this means that it is easier for you to start by using Other People's Money (OPM)-even if your credit is not the best when you start.

In most real estate deals, little of your labor or time is required for the usual piece of income property.

As a property owner, you are entitled to and can enjoy enormous legitimate and legal tax savings on your real estate income.

Almost all real estate is an excellent asset on which you can borrow more and more money as your property rises in value (money to buy more and more income-producing property!)

Nearly the entire world is in the midst of a real estate boom; hence your property will almost always rise in value with the passage of time.

You can wheel and deal in hundreds of ways in real estate to reduce the amount of money you need to borrow to get started.

When you pick your properties carefully, failures are almost unheard of in real estate income property holdings.

You'll tell me, I'm sure, that there are many other advantages you will enjoy while you build your wealth in real estate using borrowed money. Good. This shows you know your goals and you are ready to work towards those goals.

Speaking personally for a moment, I have been a real estate investor/entrepreneur for a number of years while at the same time I run several other businesses and work as a consultant for a Fortune 500 firm. Although I make good money from my other businesses and earn comfortable consulting fees from my regular career, nothing can equal the advantages that my real estate investments give me. I own real estate, while at the same time I:

Serve as director of a large money-lending organization annually making millions of dollars of real estate and other types of loans.

Regularly do writing services for some major firms.

Plan and publish two internationally circulated and respected monthly newsletters covering real estate and business financing.

Author-that is, write-one or two new books a year.

Market some 15 marine products to boat owners all over the world.

Give lectures in many parts of the world to businesspeople and Beginning Wealth Builders (BWBs) and Experienced Wealth Builders (EWBs) on real estate and business.

Enjoy a great family and leisure life.

And I am fully convinced that you, too, can have many of the above joys. So I am giving you in this book what I believe are the essential keys to becoming rich in real estate using borrowed money to finance your fortune.

The tips I give you in this book are based on my years of personal experience in the fields of borrowing money, lending money, investing in real estate, and seeing that real estate rise in value, year after year. You, too, can do the same-or even better than I have done!

Build Your Real Estate Riches Minute by Minute

As I mentioned earlier, hundreds of people contact me each year to tell me of their adventures in real estate. Here are several more typical letters written to me by some of my readers. One of these BWBs was able to take over property worth more than $1,400,000 with zero cash down! Read these letters now to see how you, too, might do the same for yourself!

(MIF = Positive Cash Flow you can bank with no claim on it other than yours!)

What do these letters show us, my good friend? They show you and me a number of important concepts that I've been preaching for many years, namely:

Income property can be bought on zero cash.

BWBs can make money with 100 percent financing.

You can get help as a Beginning Wealth Builder.

Wealth-building deals are available today.

Any BWB can wheel and deal on prices.

Knowledge does pay off in real estate-I told YOU so!

Finding a good property encourages you to look for more.

You have a great future in real estate-if you work at it!

By including the letters above, I am trying to show you what actual, real people are doing these days. And you, too, I believe, can do the same! But YOU must work at it and YOU must:

Keep trying to build your real estate wealth-never give up!

Plan to achieve what you want in real estate-and then work your plan!

Know there is a property for you. You must keep looking until you find it!

Wheel and deal whenever you can-it's fun and profitable!

Decide to learn all you can about the real estate business!

Now you know that it is possible to take over real estate for very little money down. Or, in some cases, you can take over real estate for zero cash down. This is one of the greatest advantages that real estate offers the BWB today.

Please keep in mind that all the examples you...

Details zur Ausgabe

• Verlag: Wiley
• Erscheinungsdatum: 2004
• Sprache: Englisch
• ISBN 10: 0471464996
• ISBN 13: 9780471464990
• Einband: Taschenbuch
• Auflage: 1
• Anzahl der Seiten: 288
• Kontakt zum Hersteller: Wiley-VCH GmbH; product_safety@wiley.com; ; Boschstrasse 12; Weinheim; 69469; Deutschland