Success Secrets - How to Make Big Money with Real Estate (Cash Flow Depot Books)
Contents:
He described the Lonnie Deal as a form of real estate investing involving the purchase of mobile homes in a mobile home park.
Lonnie Scruggs’ Deals on Wheels: Are Mobile Home Flips Good For You?
Investors carry out minor rehabs and then sell the home to the new occupant, financing the sale meaning that the investor acts as the bank or lender and receives monthly payments from the buyer, usually over a period of five years or less. A buyer who stops paying on the loan or moves out and skips town leaves the seller with all of the cash from the payments and the freedom to turn around and sell the mobile home to a new owner, again with financing. The idea is that as buyers default on their loans, the seller can keep re-selling the mobile home, over and over.
However, the Special Report is available at LonnieScruggs. The Special Report covers permissible interest rates and permissible number of annual deals; when to use a mortgage broker; rules on buyer qualification and advertising; and consequences of violating the Dodd-Frank rules. It includes a special report on new rules for selling mobile homes with seller financing for compliance with Dodd-Frank. This also includes the special report for doing deals in compliance with Dodd-Frank.
All of my cars blew off the tracks and I was sitting there looking at a locomotive graveyard. The materials were updated in Do you know someone who isn't particularly smart or talented or energetic who seems to have made a lot of money, or who owns a lot of property? But there's a catch: Many investors have found success by implementing the Lonnie Deal.
The materials were updated in The book is a follow-up to Deals on Wheels. It includes the same contracts and forms as in Deals on Wheels. It includes eight audio CDs with seven hours of material, a manual, figures, case histories, and a forms CD. There are a couple of videos on YouTube of Lonnie Scruggs.
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The Facebook link on his website goes to the page of Cash Flow Depot, a site of real estate investing ideas, tips, strategies, and products. Many investors have found success by implementing the Lonnie Deal. After reading Deals on Wheels, she was both able to avoid a bad purchase and make a profitable purchase. In a nutshell, Reynolds says that it usually costs a lot to rehab a mobile home and investors can very quickly sink too much into a junk mobile home to make it a decent investment.
And then every time a tenant moves out, you have to rehab it again because typically the home is left in poor shape. All right, guys, there you have it—the skinny on Lonnie Scruggs and mobile home real estate investing and the Lonnie Deal. Oh, and if you skipped over the video at the beginning of this article, do yourself a favor and go back to it.
I give real estate investors a quick connect to what they really want and often introduce them to new material that gives them insight into what keeps them from getting the results they hoped for when they got started. When I controlled the property, I could make more sophisticated transactions. But this required me to develop better negotiating skills and closing techniques. In the process, I had to learn the ways that taxes affected a sale from both the buyer's and seller's points of view.
Some of the most powerful techniques I learned were based upon tax free exchanges and gifts. These benefited both buyer and seller at the expense of the tax collector. And I found ways to structure complex transactions which solved financial and tax problems for both buyers and sellers in order to earn bigger profits; far greater than might have been made simply earning commissions or merely "flipping options".
Finally things began to click. During one week period, I closed one or more deals each week in the capacity of broker, buyer, seller, or Optionee. At the age of 45, a short five years after I first started selling real estate, I was able to close my office and retire to the good life with my wife, touring the country in my motorhome and traveling in Europe and Asia.
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Why am I telling you all this? Because the time is as ripe as I've seen it in almost 20 years for you to do it too. I'll even tell you how to do it. You can only look at so many sunsets, catch so many fish, or play so many rounds of golf before retirement gets to be a job. As a bored retiree, I started making the rounds of community social clubs as a luncheon speaker telling others about my experiences.
Lonnie Scruggs’ Deals on Wheels: Are Mobile Home Flips Good For You?
From this sprang the first seminar in the world oriented toward the single family house as an investment vehicle. For the person who wants to build wealth starting with little or nothing, the single family house still offers more possibilities than any other type of investment. But there's a catch: You've got to have an intense desire to be rich, and be willing to work hard to learn as many real estate insiders' fortune-building secrets as you can.
I'll share these with you. This will be an easy decision!
- Similar authors to follow!
- Lonnie Scruggs Background and Bio.
- THE SNAGGLETOOTH VAMPIRE (Molly Book 2).
Either you're happy with your lot in life or you're not! Either you've already provided for your family's financial security or you're willing to bet their lifestyle on your employer or the government. It's up to you to take action now before time passes you by.
Wouldn't you really rather control your financial future yourself? You can, as a real estate entrepreneur. Thousands have done it before you starting with little cash or know-how. They didn't have the advantage of being coached by someone who's been where you are now, and gone where you want to go; someone who can make it happen a lot faster than you think possible if you take his advice.
Make that first move to learn all you can about how real estate investing can help you achieve financial independence See you in the winner's circle! Are you an author? Help us improve our Author Pages by updating your bibliography and submitting a new or current image and biography. Learn more at Author Central. Popularity Popularity Featured Price: Low to High Price: High to Low Avg.
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