Money As The Root Of All Evil? Here's A Different Idea!
Money As The Root Of All Evil? Here's A Different Idea!
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You've attended a few real estate investor club meetings and you've heard all the discuss the "great times" in real estate. Sub prime loans abounded, costs were continuously increasing, and deals were everywhere. So you've decided to wait it out. Certainly those great times will be back.
How do I know? I have spoken with so numerous individuals this year who are upset about the economy and afraid-- scared of losing a task, a customer, or simply plain afraid in basic. What would it be worth to you to avoid that feeling? What would it be worth to KNOW that next year will be different than all the endless years that you expected change and saw nothing?
If you win, inform your fans what you will do with the money. Tell them that if you win the $10,000 (or $25,000 or whatever), you'll buy some land where an unusual butterly lives. Inform them you'll feed 100 households for a month. Inform them you'll pay the salaries of 3 teachers in a poor nation.
I love this progression because it goes from a selfish place of making certain that I feel excellent to the generous position of making sure the joy of others. and having my own joy as a by-product of that action. Terrific stuff!
We in some cases lament that our moms and dads and grandparents repeat advertisement nauseum their stories about the excellent old days. But those genuine towns with genuine people did appear to have a real sense of neighborhood. philanthropy was mainly uncelebrated. Plaques and inscriptions did not reveal ordinary acts of goodwill or hang ubiquitously over every humanitarian deed.
For simple $34,900 I can invest into a business where they would find me a home (generally in Variations of philanthropy the mid-west) and rehab it for me. I would then be the owner of the home. The ARV market prices of these homes remain in the mid to upper $50,000 s. They would then provide as much as a year of payments at $400 each month while they find a purchaser for my house. I would then carry funding on that house for completion purchaser on a thirty years PITI note. There is no balloon payment hence you have strong capital. Mortgage payments are based on a 9.9% interest rate and the market leas. Thus, the end buyer is paying based upon the marketplace leas. Their down payment has to do with 2% of the value of the home, normally around $1000.
Please give me your input on this. The numbers and returns are greater than a lot of stock or commodity markets and I would not mind promoting this to specific investors. If your preliminary reaction is comparable to mine or am I missing out on something, I just require to know.
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