Archive for February, 2007

Improve your Credit Score And Your Business Credit.

Friday, February 9th, 2007

Here we are, the wealthiest and most powerful nation in the
world, and yet, tens of thousands of Americans suffer from bad
credit. Revolving debt from bank credit cards and retail cards is somewhere in the $700 billion range.

Anyone who is dealing with bad credit quickly learns that the consequences can be brutal. Ask the infamous Donald Trump.
He’ll tell you how close he came to losing it all. A decade ago
he was on the brink of going bust with personal liabilities around
$900 million. And now he’s listed in Fortune magazine as a
billionaire twice over.

Even now, he has $1.8 billion in debts and his casinos have lost
tens of millions of dollars. But the debt is just a matter of scale.
Thanks to his passion for real estate, Donald Trump will always
have a place on top of the world — in one of his own penthouse apartments!

Say, did you catch that? For someone like Donald Trump, debt
is just a matter of scale. It’s unlikely that he loses sleep, worrying
about his FICO score. Because he knows all the secrets of true
wealth accumulation.

Even without Trump-like resources, for the real estate investor
just starting out, there are numerous investment strategies that
don’t require cash or good credit: Foreclosures, lease options,
rent to own options, flipping opportunities, for sale by owner, and
so on.

Get out of debt WITHOUT increasing expenses…

Friday, February 9th, 2007

Get out of debt WITHOUT increasing expenses

Replay of TJ Marr’s call is ready – Get out of debt WITHOUT increasing expenses.

I interviewed TJ Thursday night to find out how anyone can use his system to pay off your mortgages and other debts – in the next 5 to 8 years, WITHOUT increasing your expenses.

We had so many callers register for the call that many people could not get on the call.

That is how popular this topic was!

So please use this replay link to listen to the recording of this fascinating call @
www.6cashflowplans.biz

I learned a lot by interviewing TJ.

On this call you will learn these secrets -

mike (myhill@juno.com)

TJ’s simple 3 step plan to wealth – debt acceleration, real estate investing, and advanced asset protection.
• Learn the financial miracle of “Reverse Compounding”, and how you can profit from it.
• How to generate a plan to rid yourself of your current debts quickly – and turn them into wealth.
• A much simpler way to manage your money for life on a monthly basis.
• The SECRETS about banks they don’t want you to KNOW
(here’s a hint, they want you to slightly fail so they can earn even more PROFIT!)

You will want all the valuable information about
his training program at TJ’s website.

Go look at his SYSTEM right now @
www.YellowStarCash.biz

What is it that TJ does that will put millions of extra dollars of profits in your pocket without spending any additional money? You will find out on his website.

Why do people attend TJ‘s boot camps and training calls? 

Because he has survived a near fatal stabbing attack in a Church
parking lot attending a Christmas mass in 1998

And since then T.J. has dedicated his life to helping others overcome their fears and obstacles, and is helping change their lives.

T. J. has authored two books and many real estate courses and has been interviewed by the Wall Street Journal and
CNBCs Power Lunch.

So please use this replay link to listen to the recording of this fascinating call @
www.6cashflowplans.biz

Ben Benita asks…

Thursday, February 8th, 2007

Ben Benita asks

What is your response to: “I would invest, but real estate is to risky”?

Tom’s answer:

Real estate has been the safest and most dependable way for MOST Americans from every walk of life to get rich. The law of supply and demand dictate that real estate will always be a good investment.

They can’t make any more land and people keep needed more and more real estate – driving up prices no matter what level interest rates are at.

I recently bought a parking stall in a condo conversion project. And I will sell JUST that parking spot in the future for a profit because the spaces are limited.

Real estate is  a great investment and it always will be.

Ben Benita (makalaniinvest@aol.com)

Title Co. closings

Thursday, February 1st, 2007

It’s the night before you meet to close escrow and  you’re getting ready to have sweet dreams of your success.  As you drift off to sleep you see your beautiful new property and all its potential when suddenly a stranger walks off with your investment!  Don’t worry it’s just a dream.  But it can happen, unless you have Title Insurance.

Title insurance is provided by your local closing agent (either a Title Company or a Real Estate Attorney depending on your State or Province) to protect you from the possibility of running into some “cloudy” issues concerning your property.

There has been some debate as to whether or not Title insurance is necessary.  Simply put, there are many valid reasons for protecting your stake in a property with title insurance.  Primarily to protect against “clouds” on a title.  Clouds are losses that could occur if you discover after closing that someone else can claim ownership of your property.  Clouds can come in many forms.  Unrecorded liens and easements, mining claims and water rights, and right of parties in possession of the property. 

The only way to protect against clouds is to have title insurance put into place following a thorough search of all public records on your property.  This is done by a title examiner.  The title examiner will view all  public records that involve your property including deeds, wills, and trusts to make sure the title has passed correctly to each new owner.  The examiner will verify that all prior mortgages, judgments, and other liens have been paid in full.

 Lisa (grc1984@yahoo.com)

If a cloud is found, the “cloud” will be located and served official documents that entail their claim to the property.  This should all be taken care of before you close.  It also gives you the chance to opt out should a major cloud be found on your property’s record. 

Keep in mind, like with other types of insurance, title insurance can have many exemptions such as environmental protection laws and boundary disputes.  It is important to make sure that you have complete title insurance coverage.  Also, be sure to ask about inflation riders for your policy as this will increase the coverage amount as the property’s value increases. 

Unlike other types of insurance, title insurance is a relatively inexpensive item. Typically, you can expect to pay 0.5% of the purchase price which is usually added to the closing costs.  A bit more for full coverage.  This can seem high considering the price of the houses these days, but it is a drop in the bucket compared to the possibility of loosing your entire investment of time and money.  With title insurance you’ll sleep a little better knowing you have protection if your dream takes a turn for the worse.