Real Estate -Surefire road to wealth!

Why Real Estate?
Did you know that almost all millionaires invest in real estate? or that real estate is the safest, surest road for the average American to take to financial freedom. Well it is, Even the great Donald Trump has said, in regards to how to get rich "build businesses and buy real estate!
Ladies, I sincerely hope you take that information to heart. Build your business and buy real estate. The benefits are too numerous to count.

• hedge against taxes (safest tax shelter there is)
• inflation will make you money finally! (real estate appreciates with inflation, (goes up) thus your property becomes more valuable.
• A business that will never lack clients (people must have somewhere to live)
• Depreciation and write offs, many things can be written off when you own real estate.
• Through the power of equity, appreciation and inflation, nothing builds wealth faster than real estate.

Put it like this. say that you inherit 10,000 from an uncle you have never seen. Now you could blow it easily as 10k does not go as far as it used to. But say you are the entrepreneurial sort and you want to use the money to make more money. So you put it in the bank. Unfortunately, unless you are able to get over 10% interest, you will lose money because of the rate of inflation. Most banks barely want to part with more than 2% interest! At the end of the year, you will have made a whopping 200.00 yet lost a lot more due to inflation. Therefore, your money will not be making you wealthy. Quite the contrary, it will be dwindling away! What if you, instead used the money to put down on 2 separate houses. 5000.00 each, very easy to find in this buyers market. Now say you rent with low-down and market-rate rental pymts after carefully screening the tenants. Even if you have no immediate positive cash flow, (because it is going to taxes, insurance, maintenance) as long as you have no negative cash flow, you are in the money because:

a. your property is becoming more valuable

b. you can always burrow against it in times of crisis, (equity loans)

c. You have a marketable asset, if fact if you wanted to farm your equity every few years you could, while the renter pays the mortgage!

d. Your taxes have now been slashed because of your ownership (a good accountant will explain all this)

e. No one can raise "your rent" and your asset keeps growing making you wealthier! -You on the other hand could easily raise the rents on your houses and the people must pay or leave! (in other words you are in CONTROL!)

How to live Rent Free!

This is an easy way to live rent free that my cousin actually taught me. He does this and saves so much money, that while his friends in the same job struggle, (Because of all the bills-even though they all make good money) he is "too comfortable for words" as he puts it.

A few years ago, he decided he was tired of paying out so much for rent. Even though he has a good job with benefits and makes about 50k per year. He took his income taxes + some saved money and put it down on a 2 family house. Because he had decent credit he only had to put down 5k. Now the mortgage on the house is 595.00 per month. Yet that is far below the rental amounts in this area. He rented the upper apt for 795.00 per month 3br/2ba. He lives rent free in the downstairs apt 2br/1ba and still has a positive cash flow!

Now you are probably thinking, I don't have good credit, so I could not do this deal. Do not ever give up so fast. Lets put on our thinking caps and come up with ways for you to do the same thing. What if you were to place an ad in the paper like this:

Desperate to sell, don't know where to turn, call now! we can help! ___________________

or A fair offer to buy your property will be made within 24 hours of calling ____________ between 6-9pm

All you need is, well as many properties as you can safely handle, but for this idea just 1 2fam or 3 fam house and one desperate seller. You take over the payments (not assume) take over means they deed the house to you and you agree to make the payments while the mortgage stays in their name. Yes you could screw up their credit and that is why you will have them sign a disclosure agreement. I know it sounds confusing if you have never done it yet it is done everyday and is actually quite easy. Tell you what if you are scared. I am actually in the process of writing a -how to manual- on this process right as we speak. If you will (this is only for regular readers of my blog) If you will send an email with your address I will send a TOTALLY FREE COPY to you. All I ask in return is like I said help another sista along the way.... Anyway that offer is for regular readers only. Send email to asktaylor1991@yahoo.com with your address, and I will send a copy of my manual. (How to live rent free!) mark your email code 101 rbr (Regular readers only)

From now on I out of every 3 wealth ideas will be focused on real estate because real estate is so so so very important to the wealth and financial security of the average American! Just like in biblical times, It seems to be, we are becoming a nation of haves -v- have nots. And ALMOST ALWAYS the haves are the ones who own or control real estate and the have nots are the renters!

People you cannot afford to put your life at stake and/or your children's lives with something like this. You must own or control real estate -you cannot afford to have someone else come in raise the fees that might cause you to lose your home or have to work even harder to live half as well.

How to get an almost free house!

Did you know that you can assume a real estate? Well you can. Did you know that prior to 1986 most mortgages and loans on real estate were assumable. It was actually only after that time, that the law changed. Before that all that was required in many cases was a heartbeat! The good news is many of those old mortgages are still around. I am sure I don't need to explain to you that the people are getting very old and probably sick. Many of them need to get out, move to warmer climates, use their money to buy med etc. The point is many of them are open to getting rid of the properties that they are too old to keep up with. You can fairly easily talk them into an owner finance mortgage in which they act as the bank. You would make regular payments to them instead of the bank and they would be able to get out of a property that has become too much, and have their golden years in peace. To be on the safe side, you can easily have the papers drawn up by an attorney for a few hundred dollars. You would take over the loan and make a small payment to the previous owners for their equity. You could rent it out or live there. This is a win-win situation which should be the only way you do business. If you are the type of person who needs more detail, send me an email (regular readers only) and I will send you the "Get a Free House Plan" You can receive this by email as it is not that long. Send an email to asktaylor1991@yahoo.com and request the Get a free house plan. If you cannot afford the lawyer fees there is a company called Pre Paid Legal they will for about 25.00 per month be your attorney for too many things to count.

• Looking up info,
• Looking over information.
• Free will included
• Trusts
• Discussing questions on any number of topics
• Rip offs
• Criminal questions/representation
• Contract review before signing
• Letters and phone calls on your behalf

And more. I have had them for a number of years and I would not be without them. If you are going into real estate or business, I would strongly advise you to use them. They are invaluable! Recently they were able to have a contract rescinded that I actually was stupid enough to sign, (without having them check it out) then, when I realized the company was ripping me off, I tried to cancel, only to be told the company would take me to court for thousands of dollars! I called them in great distress. They not only got the contract rescinded but they did it before the next payment came due! They are fantastic! and the best part is you can call every day with a question if you want! I would never part with my membership. The number is 1800-507-6241 http://www.pplmbr.com/ And for those of you wondering No, I do not get a cut if you join or you do not. My purpose here is to help you as much as possible, and give you the tools that will make financial prosperity a easy as possible for you.

Look for plenty more wealth ideas, business ideas and stories, tips etc real estate lessons will be marked R. E. Wealth #___

PS If you have ideas or plans or stories that would benefit my readers please share. This is a interactive blog and we want all black women to be healthy, Wealthy, Loved and Free. write/send information/pictures/stories to: asktaylor1991@yahoo.com