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Let the Government Help You to Make Money
Of the many different types of financial assistance available to us, I especially like the Rental Rehab Loan Program. Here how it worked for me. Several years ago, I purchased a four unit building that had my friends wondering if I had lost my mind. The units were one bedroom, one bathroom each, and were inhabited by four elderly ladies who had been living there from 21 to 24 years.
The problem was that their rent had never been raised! The total...
Free Government Money- Part 1
Our Government makes hundreds of different federal programs available to distribute billions of dollars to us in the form of government grants, low interest loans, and subsidies. The money is then appropriated by politicians who are smart enough to know that the best way to keep their jobs is by funneling Government money into the communities they serve. Thats where we can step up and reclaim our money by using the government programs this money is attached to.
Its Our Money Anyway
I say...
Free Government Money- Part 3
So, How Do I Go About Getting This Free Money?
Im going to give you a thumbnail sketch of how to go about getting this free Money. My obvious limitation is that I dont have a full day to teach you in great detail. My hope is that what I share with you in these pages begins your great adventure in getting this money. As you begin your wonderful journey, please understand that there is a degree of work that is necessary. You may find that many phone calls and follow up are required to nail...
How to Rehab for the Biggest Profits, Part 2
In the last issue we talked about how important it is to pay close attention to your real estate rehabs. When repairing systems like plumbing, electrical and roofing, a mistake can be costly.
Foundations
The two most common types of residential foundations are the concrete slab, and the raised foundation. Properties that are built on a concrete slab are secured by anchor bolts protruding from the concrete. Also, they have no crawl space to allow a person to get under the property.
The raised...
How to Rehab for the Biggest Profits, Part 3
The success of your real estate rehab can largely depend on the attention you pay to electrical, plumbing and roofing systems.
Electrical Systems
Every circuit should have a standard circuit breaker or should at least be fused. Each room should have at least two electrical receptacles. The kitchen should have at least two receptacles that are on separate circuits.
Replace all broken or cracked cover plates on light switches and wall receptacles. If possible, replace all pull-chain type...
Abandoned Properties One Of The Best Kept Money-Making Secrets - Part 1
When I began my career as a real estate investor in 1985, I stumbled across a little known area of real estate that had the potential to make us a ton of money. This was an area of the market that went unnoticed by most people. This was the area of abandoned properties.
How To Profit From Abandoned Properties
You might pass these properties on a daily basis, but just never paid much attention to them. You could be passing up hundreds of thousands of dollars in profits! These are properties...
Abandoned Properties One Of The Best Kept Money-Making Secrets - Part 2
In part one of "Abandoned Properties, One of the Best Kept Money-Making Secrets", we explored the great profit potential in this unique real estate investing niche. Although some of these properties might be the result of a foreclosure or other distressing event, remember that we're helping the owner with his/her "house headache" when we invest in an abandoned property.
How Do We Find Abandoned Properties?
Here is one of the easiest ways to find abandoned properties. The first thing to...
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