FAST MONEY SUCCESS FOR YOU IS THERE A FASTER WAY TO MONEY SUCCESS? In our view there is! It is:
* Take over a going business which offers a product or service you like * Use borrowed money for the down payment for the business you take over * Have the business pay you and pay off the seller and the down-payment loan * Pay someone to run the business for you--after you get to know it well WHAT KINDS OF BUSINESSES CAN YOU TAKE OVER? Almost any kind. But a few of the businesses for which this method works well include:
1. Income real estate of almost all types--especially apartment houses, shopping centers, office buildings 2. Retail stores of many kinds--such as auto supplies, print shops, food stores, etc.
3. Recreation facilities--tennis courts, swimming pools, night clubs, golf courses, etc.
4. Hotels, motels, clubs and other membership-type facilities that are really income-based businesses LOOK AT CLASSIFIED BUSINESS ADS IN YOUR LARGE-CITY NEWSPAPER and you'll find many businesses for sale. Typical ads might say:
*$25,000 down, balance in monthly notes *$5,000 down, the balance in 2 years *No money down; balance in yearly payments WHAT DO THESE ADS TELL YOU? They tell you that you can take over a going business on borrowed money and have the business pay you for running it while the business is paying for itself. And your borrowed money can come from:
*Multiple loans from different lenders *Use of your credit-card line of credit *Cosigners to boost your borrowing power *Borrowed or rented collateral to make your credit better *Credit from the seller as a purchase-money mortgage *"Reverse flip" with seller getting a loan you pay off WHY IS THIS METHOD OF FAST MONEY SUCCESS SO GOOD FOR YOU? There are several important reasons, namely:
1. You earn money the same day you take over the business because the business is "going"--that is, making money!
2. You can easily check the history of the business--its income, expenses, debts, etc.
3. The business pays you while it pays for itself--you are not paying out money you're taking out of your bank account 4. Speed in a new income is what you want--taking over a strong going (earning)
business gives you instant income!
SO PICK A BUSINESS YOU LIKE AND WANT! Then go out and find such a business that's for sale. Make an offer you think is fair! But:
*Never pay the asking price! Get the seller to come down.
*Never put your savings into the deal! Use borrowed money.
*Get someone to run the business as soon as you can.
*Look for other businesses you can take over in the same way.
*Expand to greater wealth--quickly and easily!
FAST MONEY SUCCESS FOR YOU - To learn more about this author, visit Tyler Hicks's Website.
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Tyler Hicks
(Visit Tyler's Website)
Tyler G. Hicks is president of
International Wealth Success, Inc. (IWS),
and a director on the board of a large New
York-based lender. A consultant to
entrepreneurs and real-estate investors
around the world, Tyler is author of many
books on real estate and business, some of
which have appeared on the best seller
lists of Business Week, Walton Books, and
other national publications. Several of
Tyler's books have been ranked among "the
top ten real estate books of the year" by
columnists in the Washington Post and Los
Angeles Times. Tyler's bestselling books
include How to Acquire $1-million in
Income Real Estate in One Year Using
Borrowed Money in Your Free Time and 203
Home-Based Businesses That Will Make You
Rich. On this site you'll find articles
Tyler has written to help the "beginning
wealth builder" start making money in
income real estate or in a small business
they can call their own. Tyler hopes that
"experienced wealth builders", too, can
get new money-making ideas and a more
positive mental attitude from his
contributions. You can visit Tyler's Web
site to learn more at i
wsmoney.com.
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