Success Secrets - How to Make Big Money with Real Estate

Success Isn't so much a matter of Winning' as It Is the Result of Not Losing.

One of the most successful people in the world is Warren Buffett.

His Rule #1 is: Never lose money.

His Rule #2 Is : Never forget Rule #I.

We may not be able to avoid losing money, but we shouldn't bet more than 10% of net capital on a single venture. This way, if things don't pan out, we've still got a chance to use what we have left to recover what we've lost.

Can you think of anyone you know who has been driven out of the real estate business and had to go back to work for wages because he or she didn't understand this?

Table of Contents:

SUCCESS SECRET # 1. AVOIDING FAILURE

Winning By Avoiding Losing
Trying to Hit Home Runs vs Buying Singles
Buying Properties You Don't Understand
Using Financing That Creates Negative Cash Flow
Treating Loans Like Earnings
Getting Into Bed With Strangers
Buying Out of Your Geographic Area
Buying Too Many Properties Too Quick to Manage
Buying El Cheapo Houses in Bad Neighborhoods
Buying a Job vs Building an Investment Portfolio
Failing to Learn Enough to Make and Hang on to Profits
Buying Trophy Houses vs Good Investments
Buying for Non-Economic Tax-Shelter Reasons
Holding 'Flipper' Too Long
Not Holding 'Keepers' Long Enough

SUCCESS SECRET #2. ADAPTING TECHNIQUES TO MARKETS

Analyzing and Harvesting Market Cycles to Maximize Profits
Working in 'Hot' Markets to Get More Bang for Your Buck
Money-Making-Magic in Slow Markets That Beats the Crowd
Secrets of Sustained Survival in a Choppy Market
Becoming Inflation and Depression Proof

SUCCESS SECRET #3: CREATING YOUR OWN PROFITS

Dy-No-Mite Negotiating Tips That Give You The Edge
Getting the Best Deals by Zigging When the Competition Zags
Using Creative Financing Techniques
Time-Tested Strategies That Make Money Today
Trade-Ins, Trade-Ups, and Trade-Downs
Leases that Create or Destroy Value
Options to Buy, Sell, and Lease
Partial Purchases and Sales
Created Paper that Transfers Equity

SUCCESS SECRET #4: USING 'SMART' FINANCING

Beating the Bankers at Their Own Game
Avoiding Credit Traps, Tricks, and Travesties
How to Borrow Money Smarter and Better
Creating and Selling Paper to Generate Cash Flow
Motivating Private Investors to Lend You Money
Pension Plan Financing
Trading Price for Terms that Create Cash Flow and ProfitC

SUCCESS SECRET #5: BUYING IN DISTRESSED MARKET MARKETS

Deep Discount Buying From Bankers and Their Victims
Extracting Money From Lenders and Sellers in Trouble
Negotiating Big Discounts From Lenders in Distress
Discount-Leaseback-Buyback Techniques and Caveats

SUCCESS SECRET #6: FAIL-SAFE PROPERTY MANAGEMENT

Hands-Off Management Systems
Positive and Negative Approaches to Managing Cash Flow
Increasing Your Cash Flow More Each Month
Structuring Long Net Leases, Lease/Options, Ground/Leases

SUCCESS SECRET #7: ASSET PROTECTION

How to Hold on to What You have, and Get More
Low Profile Property Acquisition that Confuses the Enemy
Using Trusts to Create and Maintain Financial Privacy
Using Corporations and LLC to Increase Take-Home Profits
Dealing With Government to Stop Problems Before They Start
Avoiding Government Subsidized