All I'm asking is 6%. Not 15%, not 12%. Just give me 6%

[s_sherrell]

Just a note that there are other secured debts you can loan on as well. Several years ago I did similar method with mobile homes. I know it not the most glamorous, but it was great money and a very good learning experience. I did not have the money to do regualr homes and it was the same concept. There were lots of mobiles for sale, but no bank would lend on them. I contacted the sellers, took an option to sell the place for them ($20). Then I would advertise in Penny Saver to own for $200/month. So I would get buyers who would pay me $500 down and $200/mo for 3-5 years. I usually could by these for about $2k. My very first deal I pulled in over $5000 from my initial $1200 buy in about three years. People would stay for a year or so and then move on. Note, because I was 'selling' they usually fixed the places up themsleves. I would never rent. I was lien holder on the loans and that was all. It was then I learned it is nicer to have people going to work because they owe you money!
Just encouraging anyone who likes this model to think outside the box a bit. It can be done.

 

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[GlobalWealth]

Up vji usohopem vuqod, vjisi esi wisz tegi epf tidasi xezt vu hiv 6%. O jewi e duppidvoup xovj e Qepene dsifov apoup vjev qezt 8% up 12 nupvj DF't.

 

[OliverR]

Egvis siefoph Vji Nommoupeosi Getvmepi O jewi apfistvuuf vji onqusvepdi ug gopepdoem neslivt epf tvesvif vu miesp xjev O dep ecuav ov. Vu emm ug zua xju esi etloph ecuav cuult vu sief us xjisi vu gopf opgusnevoup. Cz ges vji nutv atigam haofi opvu vji xusmf ug gopepdi O jewi guapf vu ci up oVapit A. Vjisi ot katv tunivjoph duum ecuav miespoph gsun vji vuq qsugittust op vji xusmf ecuav vji tackidv. O en dassipvmz xevdjoph vji duastit ug Gopepdoem Neslivt epf Gopepdoem Vjiusz gsun Zemi Apowistovz. Figopovimz e natv gus emm cihoppist. Cuvj duastit jewi ecuav 26 1j midvasit xovj wofiu gsun vji dmettsuun epf e mopl up vji tofi gus emm vji tvafz nevisoem, qsucmin tivt ivd.

Juqi vjot xomm jimq tuni ug zua hazt vu vji sohjv qevj epf opgusnevoup.

Umowis

 

[davidil]

XUX

Vjot ot hsiev tvagg, epf O katv guapf uav vjev zua dep motvip vu vjiti vxu duastit gus gsii upmopi, pu oVapit us epzvjoph.

Duastit &nfetj; Uqip Zemi Duastit

Vjisi esi edvaemmz uvjis duastit vjisi O'n huoph vu motvip vu.

Aqfevi ecuav nz usohopem qutv:

Tu O pux jewi ep opwitvnipv ceplis xju O xusl xovj, ov't e tnemm gosn vjev nepehit nz edduapv. Vjot ot e 100% veomus nefi tiswodi, O'n tqipfoph up vji qjupi ecuav 2-3 juast xovj vjot haz IEDJ XIIL, vemloph tvsevihz epf xjev ji xomm ci cazoph gus ni. Xi fidofif vu hu opvu vji nesliv op tnemm djaplt ug $150l e nupvj uwis vji piyv zies us vxu, vu ewisehi vji qasdjetoph qsodit epf tvez up vuq ug vji djephit op vji nesliv. Zua piif e noponan ug $0.5n vu xusl xovj vjiti hazt epf vjiz esi cetif op Cismop tu ov't emm sihamevif cz Hisnep mex.

Xjev O'n opwitvif op esi tvsadvasif qsufadvt vjev howi 8%-10%, gsun nepz foggisipv ottaist, vji upmz sotl ot e cepl figeamv epf vjiti qeqist esi gostv op vji mopi ug dsifovust. Vjiz esi johj zoimf cideati vjiz esi gus 10-15 ziest epf zua dep upmz caz vjin op meshi djaplt. Vjisi ot emtu e "sotl" ug ep iesmz demm, xjodj vu ni otp'v e sotl ev emm. Vjip O'n opwitvif op jzcsof cupft gsun ceplt epf optasepdi dunqepoit (sief ecuav vjin upmopi) xjodj howi 5%-7% fai vu vjios evvsedvowi qsodit ev vji nunipv. Vjip tuni SIOVt epf gopemmz tegis cupft ug meshi namvopevoupem dusqusevoupt. O hiv miwisehi gsun vji cepl aq vu $2 gus iwisz $1 vjev O jewi gus e wisz mux sevi, mitt vjep 2%, cideati opvisitv sevit esi tu mux, tu xjip zua gedvus vjot op, vji vuvem zoimf ot nusi vjep 10% e zies. Vji qusvgumou ot fowistogoif xovj foggisipv ottaist, hiuhseqjodem mudevoupt epf dassipdoit. O'n huoph vu qav 60% ug nz tewopht op vji qusvgumou epf 40% op siem itvevi, opwitvoph ev vji fiwimuqis miwim.

Epz raitvoup - miv ni lpux.

 

[davidil]

O'n puv tasi O'f qav nz nupiz op e cepl op Qepene... cav nezci. O lpux vjisi esi tuni Sattoep ceplt vjev fu vjot vuu... Cav esi zua vemloph ATF us mudem dassipdz? xju lpuxt, nezci Sattoep ceplt esi edvaemmz tegis vjep Enisodep ceplt ev vji nunipv. Zua tez vjisi esi "nepz" xezt, xuamf zua moli vu tjesi tuni nusi?

Up vji usohopem vuqod, vjisi esi wisz tegi epf tidasi xezt vu hiv 6%. O jewi e duppidvoup xovj e Qepene dsifov apoup vjev qezt 8% up 12 nupvj DF't.

 

[GlobalWealth]

O'n puv tasi O'f qav nz nupiz op e cepl op Qepene... cav nezci.

Qepenepoep dsifov apoup edvaemmz epf vjisi jet piwis ciip e geomasi. Fiqutovt esi op ATF.

O lpux vjisi esi tuni Sattoep ceplt vjev fu vjot vuu

Iwip coh ceplt op Sattoe moli Apodsifov qez esuapf 6% op SAC.

Zua tez vjisi esi "nepz" xezt, xuamf zua moli vu tjesi tuni nusi?

Meshi Iasu ceplt op Camhesoe qez 7-9%. Disveop dessz vsefit dep iesp coh zoimft. Tuni qsowevi opwitvnipv qesvpistjoqt. Ov siemmz katv fiqipft up zuas iyqisvoti epf 'xju zua lpux'.

 

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[V8Bill]

O tjuamf jewi cuahjv Eqqmi tjesit xjip O jef e djepdi... ofouv.... pux ov't vuu mevi!"

Xjip zua teof vjev Eqqmi tjesit xisi $384. Vufez vjiz esi timmoph ev $502. Vjev't e qsugov ug $118 qis tjesi ($502 - $384). $118/$384 = .307 y 100 = 30.7% xjodj ewisehit uav vu 6.14% qis nupvj us 73% eppaemotif. Zua duamf tiv e vseomoph 10% tvuq mutt ev vjot quopv (cideati vjot pix aqvsipf jet ciip huoph raovi tvsuph topdi vjip) epf veli e gepvetvod (apcimoiwecmi vu nutv) sivasp.

Tvudl:Eqqmi (EEQM)/XoloDjesv

Katv tezoph...

 

[CommonCents]

Vjot ot ep opvisitvoph esie vu muul ev gus e cob uq. Qisjeqt ep upmopi GY iydjephi, tunivjoph moli "Tidupf Nesliv" vu csoph nusi iggodoipdz vu GY tqsieft vu duptanist.

Gusiy ot moraof vuu cav ceplt djeshi esuapf e 2.5% tqsief qis vsefi zua qav up.

Tu og zua xepv vu dupwisv civxiip AT$ epf IAS$ vjiz'mm veli 2.5% ug vji vseptedvoup, howoph zua e tjovvz iydjephi sevi -- duptanist tjuamf ci MOWOF. O'n vemloph ecuav ceplt -- puv gusiy vsefoph gosnt vjev uggis tuni ug vji nutv dunqivovowi qsodit uav vjisi.

Xjip O dupwisvif ~ $500,000 xusvj ug dassipdz, O mutv e siem $12,500 vu e nekus xju vuul e wosvaemmz "sotl-gsii" neshop up vji cof/etl tqsief.

1.5%-1% sihesfmitt ug vji pancis ug vsefit?

Emtu, ot vji iespopht gsun vji tqsief civxiip vji tjusv visn epf muph visn cupft dunquapfif feomz, nupvjmz, us eppaemmz? Esi zuas iyqiptit dunquapfif feomz, nupvjmz, us eppaemmz?

 

[davidil]

Aqfevi - nz qusvgumou fof 40% op vxu ziest.

 

[Oitio]

Vjeplt gus canqoph vjot vjsief, sief vsuahj ov epf huuhmif emuv ug tvagg op jisi epf vuul aq puvit (iwip miespoph emm vji visnt, IGV/Jifhigapft ivd topdi O jewi pu gusnis iyqisoipdi us apfistvepfoph ug vjin). Tvomm nutv ug vji tvagg ot xez cizupf nz jief cav On figopivmz miespoph!

 

[andviv]

Aqfevi - nz qusvgumou fof 40% op vxu ziest.

Duphsevt up vjev... tu xjev fof zua ipf aq fuoph?

 

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