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Another Rick Otton Boot Camp - Hurry!

April 14th, 2010 · 1 Comment

rick otton

Late notice I know but this weekend Rick Otton runs another one of his famous Boot Camps.  Not just any old Bootcamp - this is his No Money Down Bootcamp.  Should be fab.

Here are top 10 reasons why you don’t want to miss Rick’s No Money Down Boot Camp:

1. Kick start your investing in a fun upbeat environment!

2. Get some help with your transactions! (I will do them live and show you how to get maximum profits)

3. Network with like minded people who are doing it in your neighborhood!

4. Get a refresher on how to buy a house for $1, with out a bank!

5. Search out the latest, up to the minute changes in legislation regarding vendor finance!

6. Discover the newest marketing tips to attract sellers and buyers!

7. Review body and talk language skills so you can be just like me and put deals together like a pro!

8. Hang out with the Big Kahunnas and pick their brain!

9. Sip an umbrella drink and make new friends at the Hawaiian Luau!

10. Be in the draw for some fantastic prizes…like a Mac Note Book Computer…

The venue is in Bankstown, Sydney.  Not sure if there any spots left, but click on the link and maybe you’ll secure a seat or two.
http://www.rickotton.com/bootcamp.htm

Of course if you can’t attend his live program, then plug into his Massive Passive home study program.  I bought it myself - the strategies do work.  Here’s the link Rick Otton

If you want to know more about Rick Otton check out the bio I wrote.

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Your Best Positive Cash Flow Property Strategies

April 4th, 2010 · 1 Comment

Positive Cash Flow 1.  Cheapies

Look in the lower price range in poorer urban areas or in country towns.  Rental yields (gross) up to 10% p.a. possible.  These deals are generally not great for capital growth.  More difficult to find in recent years because of massive property price inflation in virtually all parts of Australia.

Positive Cash Flow 2.  Lease/Buy and Wraps.

Your target market is first time buyers who can’t save, or others who have previously owned homes before, but cannot currently qualify for bank finance.  Finance them yourself with lease/buy payment pitched at about 30—100 per cent above the market rent.  The tenant buyer assumes ownership (no maintenance for you), but title is not transferred until final payment is made, or until they finance out of the deal.  The best way to learn about these strategies is via the Rick Otton strategies which I wrote about recently.

Positive Cash Flow 3.  Build and Rent

Find the right block at the right price, then build a low cost, low maintenance house.   Go one better, and buy a larger block and subdivide, then build and rent.

Positive Cash Flow 4.  Quick Makeover

A low cost reno job, just do what you have to do to make it look good.  This will add dollars to the rent and the value of the property.

Positive Cash Flow 5.  Packs on Lots

Think multiple dwellings on one block of land.  Think 6-packs, flattettes and granny flats, boarding houses, serviced rooms, back packer hostels, half way houses, overnight accommodation (at beaches and near hospitals) and caravan parks.

Positive Cash Flow 6.  Change of Use

Convert an asset into one that produces more cash flow.  An example of this would be to buy a large house and convert it to student accommodation.  Presumably (and we have examples of this strategy working really well), more cash flow is produced as a result.

Secure Your Future With Regular Cash Flow—Wraps and Lease Buys

 

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