How and Where to Get Loans to Build Your Real Estate Wealth by Tyler G. Hicks: Part I
How and Where to Get Loans to Build Your Real Estate Wealth by Tyler G. Hicks: Part I
INTRODUCTION
Creative financing builds more real estate fortunes for Beginning Wealth Builders (BWBs) than any other type of funding known. You--too--can use creative financing to build your wealth.
To begin, we’ll define what we mean by creative financing:
Creative financing is the use of methods that get you investment money you need by recognizing your financial lacks and shortcomings and focusing on them to overcome these
negatives in your search for the financing you seek.
Thus, when you use creative financing you work from your recognized weak points. Focusing on lack helps you build strong results and a fortune in real estate! Here’s how.
Quick Proof That Creative Financing Really Works
To show you how viable real estate and creative financing are, here are a few reader letters showing what you can do in the world’s best business—real estate:
Getting Started is Easy—When You Know How
“After reading your books, I found myself getting up and going. I have purchased some apartments and townhouses with your zero-cash ideas and they have worked wonderfully. At present I’m working on buying a private hospital in Europe using your techniques.” (VA).
Quick Start with Good Results
“I thank you. After reading one of your books I went out and bought my first 4-plex. It has made me money every day since. Again, I thank you.” (GA).
Good First Year in Real Estate
“This was my first year in real estate investing, and a very profitable one, thanks to your books, courses and newsletters. From March to November this year I acquired eight houses and one building lot, all valued at $350,000, with only $650 down. At the same time I mortgaged out with $27,000 in tax-free money. Including my personal home, my real estate assets total $400,000. My net worth is $150,000, and the investment property gives me $500 per month positive cash flow.” (VA).
Seven Ways You May Need Financial Help
Your first step in using creative financing for real estate is to analyze your financial lacks and shortcomings. In doing this we’re not criticizing you. Instead, we’re showing you how you can help yourself. Here’s a list of frequently met financial lacks and shortcomings:
1. No credit history—that is, the person never financed a car, a home, a washing machine, etc. With no credit history, the borrower can’t be “checked out.”
2. The borrower has a low credit rating on the usual letter
3. credit score of A, B, C or D. In this rating system “A” credit highest, or best, while “D” credit is the lowest, or worst.
4. History of bankruptcy in the last few years. (If your bankruptcy occurred more than 7 years ago, it will usually be off your record.)
5. Your FICO score is less than 600.
6. You have court judgments against you for not paying bills in the past.
7. You have a record as a convicted felon for earlier indiscretions.
8. Any other negative credit history that’s on file about yourself.
If any of the credit problems above apply to you, take hope! You can still get started, and earn big money, in income real estate. I have hundreds of letters from people with almost all the above problems who still got started and are earning a big income today in income real estate!
Real Estate Ownership With “No Money”
“I have read several of your books and have used many of your ideas to improve my financial status. Within the last year I purchased two 8-unit apartment buildings at a time when I had no money. I used 100% borrowed money. Both apartment buildings are in my home town—population 1,300. As a result of these two real estate purchases I have increased my net worth from $8,000 to $50,000, after improvements and rent increases.” (MN).
And another reader tells us, in a letter:
You Can Overcome Bankruptcy
“After reading your book ‘How to Borrow Your Way to Real Estate Riches’ we are enthused about becoming Successful Beginning Wealth Builders—SBWBs, as you call them. We thought we would give it a try. So we applied at a local bank for a $6,000 loan to buy real estate. One week later they loaned us $7,000. Tomorrow we are buying our second property with zero cash down. Not bad after having a bankruptcy three years ago!” (OH).
How to Overcome Financial Problems
The best answer I’ve found to financial problems of the type listed above is creative financing. You use your problems to create your solutions. And what do your solutions do for you? They:
Give you assets—that is, ownership of real estate that rises in value as time passes.
Give you a regular income from your rentals that will increase as time passes.
Give you the basis for building a strong credit rating as you pay off your loans.
Yes, creative financing can give you a new life—quickly and easily. And while you’re building
your new life you’re rendering a valuable service to people needing clean, comfortable and safe housing. So let’s overcome any financial problems you may have by using creative financing!
How and Where to Get Loans to Build Your Real Estate Wealth by Tyler G Hicks Part I - To learn more about this author, visit Tyler Hicks's Website.
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How, and Where, to Get Loans to Build Your Real Estate Wealth by Tyler G. Hicks: Part I
INTRODUCTION
Creative financing builds more real estate fortunes for Beginning Wealth Builders (BWBs) than any other type of funding known. You--too--can use creative financing to build your wealth.
To begin, we’ll define what we mean by creative financing:
Creative financing is the use of methods that get you investment money you need by recognizing your financial lacks and shortcomings and focusing on them to overcome these
negatives in your search for the financing you seek.
Thus, when you use creative financing you work from your recognized weak points. Focusing on lack helps you build strong results and a fortune in real estate! Here’s how.
Quick Proof That Creative Financing Really Works
To show you how viable real estate and creative financing are, here are a few reader letters showing what you can do in the world’s best business—real estate:
Getting Started is Easy—When You Know How
“After reading your books, I found myself getting up and going. I have purchased some apartments and townhouses with your zero-cash ideas and they have worked wonderfully. At present I’m working on buying a private hospital in Europe using your techniques.” (VA).
Quick Start with Good Results
“I thank you. After reading one of your books I went out and bought my first 4-plex. It has made me money every day since. Again, I thank you.” (GA).
Good First Year in Real Estate
“This was my first year in real estate investing, and a very profitable one, thanks to your books, courses and newsletters. From March to November this year I acquired eight houses and one building lot, all valued at $350,000, with only $650 down. At the same time I mortgaged out with $27,000 in tax-free money. Including my personal home, my real estate assets total $400,000. My net worth is $150,000, and the investment property gives me $500 per month positive cash flow.” (VA).
Seven Ways You May Need Financial Help
Your first step in using creative financing for real estate is to analyze your financial lacks and shortcomings. In doing this we’re not criticizing you. Instead, we’re showing you how you can help yourself. Here’s a list of frequently met financial lacks and shortcomings:
1. No credit history—that is, the person never financed a car, a home, a washing machine, etc. With no credit history, the borrower can’t be “checked out.”
2. The borrower has a low credit rating on the usual letter
3. credit score of A, B, C or D. In this rating system “A” credit highest, or best, while “D” credit is the lowest, or worst.
4. History of bankruptcy in the last few years. (If your bankruptcy occurred more than 7 years ago, it will usually be off your record.)
5. Your FICO score is less than 600.
6. You have court judgments against you for not paying bills in the past.
7. You have a record as a convicted felon for earlier indiscretions.
8. Any other negative credit history that’s on file about yourself.
If any of the credit problems above apply to you, take hope! You can still get started, and earn big money, in income real estate. I have hundreds of letters from people with almost all the above problems who still got started and are earning a big income today in income real estate!
Real Estate Ownership With “No Money”
“I have read several of your books and have used many of your ideas to improve my financial status. Within the last year I purchased two 8-unit apartment buildings at a time when I had no money. I used 100% borrowed money. Both apartment buildings are in my home town—population 1,300. As a result of these two real estate purchases I have increased my net worth from $8,000 to $50,000, after improvements and rent increases.” (MN).
And another reader tells us, in a letter:
You Can Overcome Bankruptcy
“After reading your book ‘How to Borrow Your Way to Real Estate Riches’ we are enthused about becoming Successful Beginning Wealth Builders—SBWBs, as you call them. We thought we would give it a try. So we applied at a local bank for a $6,000 loan to buy real estate. One week later they loaned us $7,000. Tomorrow we are buying our second property with zero cash down. Not bad after having a bankruptcy three years ago!” (OH).
How to Overcome Financial Problems
The best answer I’ve found to financial problems of the type listed above is creative financing. You use your problems to create your solutions. And what do your solutions do for you? They:
Give you assets—that is, ownership of real estate that rises in value as time passes.
Give you a regular income from your rentals that will increase as time passes.
Give you the basis for building a strong credit rating as you pay off your loans.
Yes, creative financing can give you a new life—quickly and easily. And while you’re building
your new life you’re rendering a valuable service to people needing clean, comfortable and safe housing. So let’s overcome any financial problems you may have by using creative financing!
How and Where to Get Loans to Build Your Real Estate Wealth by Tyler G Hicks Part I - To learn more about this author, visit Tyler Hicks's Website.
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