To Achieve Financial Freedom, You Need Passive Income

Want to know why you're not getting ahead? It's simple…you need to establish a stream of income that flows when you sleep! That's called 'Passive Income'. You make money while you sleep. When your Passive Income stream is greater than what you spend, you're financially free. It's a simple formula.

Make Money While You Sleep----Passive Income

How much do you earn now?      How much do you spend?
If you're like nearly all employed workers, you have virtually zero (0) passive income. That's why you'll have to work until you retire…and then retire poor. Why?

Is this you?

Ever hear of down sizing? Layoffs? The pension plan solution means that you'll work until just before you die and then you'll get a fraction of the income that you're use to receiving. Does that sound like success? Not to me it doesn't.

Working for 50 weeks to get a 2 week vacation makes me sick.
How about you.

If you've been working for someone else, then you know what I mean.
How long could you exist without your salary? Not very long, right!

So you put money away into your IRA. You'll be taxed at a lower rate, right?
Well only if your income goes down when you retire.
That doesn't sound like the kind of retirement that I want.
Heck I want to make more money each year…not less.

How do the experts do it?

We'll show you how you can generate passive income. Income that continues while you're on vacation.

Or if you have some sort of death wish, you can continue working for someone else and while you generate the passive income.
But, your entire outlook towards your employer will change…You don't need him anymore. You'll work for your employer only if you want to.

Think of it.
Your employer says you'll have to move to another city to maintain your employment and you say 'No way Jose, I don't need this job'.
Kind of a gentler 'Take this job and shove it!' approach.

Okay, so now you realize that you want a stream of passive income. Heck, you can even get multiple streams of passive income.
There's nothing holding you back. Up until now, your only passive income probably came from your savings account. That's miniscule compared with what we're going to show you.

How about this!

Here's a sample. Last month, I called an associate. I said, send out my flyers to the xyz area. I paid him $50 to distribute 2000 flyers. I paid $80 to have the flyers printed. Total cost so far…$130 and one phone call! Whew, that one phone call took 5 minutes!!  So, I rested! Within 5 days, I received calls from 4 motivated people that wanted to pay me up to $5,000 each to help them out.

I scheduled a visit (in the evening) with 2 of them and from those visits, one signed some papers that allowed him to pay me $4,500 over the next 3 months.
Why the drop from $5,000 to $4,500?
Well, I kind of a softy when it comes to negotiating. So I let him pay me less than the $5,000 that we originally discussed. Some people call me Mr. Nice guy. I guess so.

But that's only the beginning.
From this 'deal', I'll post some more advertising and I'll get another $5,000 as well as about $250 per month for a long time. All I have to do is collect the checks and deposit them. I let my wife do that! She's more experienced writing checks that I'll ever be.

We make an average of $250 per month per deal. 30 deals means $7,500 per month. While we sleep. The income continues while we sleep.

See what we mean about Passive Income?
What did I do? A phone call and one or two visits. Some paperwork and then I begin to receive and deposit checks.
Sometimes I'm traveling when the checks come in.
Sometimes I'm fishing when people call me.
Sometimes I forget to return their calls…they'll call again.
Sometimes, I'm just a little too busy watching a football game or visiting relatives. They'll call again.

'You've been working too hard to make any money'

That's what I heard when I asked the successful investors what I had to do to achieve financial freedom.
Let's see…I'm doing just what my parents did…what my friends are doing…what my business associates are doing…but not what the successful investors are doing.

You see, the few people that I knew who were financially free were always taking trips, attending conferences, seminars, etc.
They always seem to have time to meet with me.  But I was having trouble scheduling time to meet with them.
I was too busy. Too important, too needed in my job. Never enough free time. How could I learn how to be financially free? I couldn't find the time to study any more. I was already putting in overtime at work. Trying to get a better job…or a 5% raise…or just trying to keep my job.
Passive income? Heck, I made more than anyone that I knew, but I still had virtually nothing saved up......Sound familiar...like someone you know?  Like YOU?

Was I working too hard to make any money? Must be, because my investor friends hardly worked at all…and they had lots of goodies.

What was their secret?
Investing in gold, stocks, bonds, cattle futures? Hardly anything like that suited me. So eventually I asked where their wealth was….

Invest in Real Estate

Real Estate?? But you need money to do that. Right? Wrong. You don't need very much money at all. Remember my flyers and phone calls? Not much money was needed for those. But you need to know all kinds of Realtor stuff? Not hardly. How many agents do you know that own properties? They just list and sell them. We own them. That's right! We own the properties. With little or no money and no credit!

Let's say that again.
We own properties with little or no money and with no credit.
Most of the time, the sellers pay us to buy their homes.

Must be junkers, right. Nobody would pay us to own their pretty home, right.
Well, we thought the same thing until we began advertising and looking at the homes that the sellers had.
Wow! We could live in these homes.
Pretty homes in nice neighborhoods.  The kind we'd be proud to say that we owned.

Hmm, this is beginning to look pretty good.
Sellers pay us. We build our investment portfolio.
But wait, what do we do with these homes? And they have mortgages, and utility payments, and association dues, and they need the grass cut and snow plowed and…..

Boy, did I worry. 
You see, I just kept on seeing fences and couldn't find the gate.
Everything that seems so good, seems to hold me in. Come on, all I want is some simple passive income so that I could at least >>>plan on<<< quitting my job…in 5 years, or 10 years, or maybe in 15 years.

So now I've got this house, but how can I make the monthly payment? And what about the bank wanting my credit report. No way Jose! Not my credit report.

Buy Homes 'Subject To' The Existing Financing

You see, we thought that the way you bought a home was to go out and get a mortgage and pay the lender until you sold the home. That's how my parents did it.

That's how the Real Estate Agents tell it.
Maybe that's why they don't buy homes, they list homes and they help sell homes.

Let's look at the simple facts. Property is conveyed by a Deed. Different types of deeds for different circumstances, but if your name is on the deed, you own the property.

The lender has a lien against the property. Or maybe two liens against the property. The lenders don't own the property. The government doesn't own the property either.

So we can buy the property from the seller, if the seller will deed us the property. Then we have to pay off those liens in order to sell the property.

So, what if a seller calls us and wants us to buy his home. Together with the seller, we can generate a deed and have the seller put our name on the deed and we own the home. It can be that simple.

But it can get involved, since we need to record the deed, notify the lender, notify the insurance company, the home owners association.
Whew, here we go again. Sounds like a full time job. Probably requires a State License and a college education. Right? Wrong!

Discover the Secret Facts of Real Estate Investing

Not the stuff on the infomercials.
The stuff that the real investors are using.
The stuff you need to know. Like:

• How Much Money Do I Really Reed To Get Started?

Well, you can get some signs produced at Kinko's for less than $1.00 each. Flyers can go for about $0.10 each. You'll need a phone number and some printed contracts. But Kinko's will do these for about $3.00 per home. Yes, the same home where you'll make $250 per month!

• Where Do I Advertise?

Simple. Advertise where you want homes.
Don't waste you time with newspapers that blanket your city.
Forget billboards.
Put up your signs and flyers in the areas where you know the homes are desirable. You're only going to have to find one per month. Unless you really get aggressive. Then you may want to retire in just 20 months, or 10 months.

• How Do I Analyze the Numbers?

You need a simple formula. Something like…the mortgage can't be over 90% of the price that a Real Estate Agent would list the home for. Are there homes like that? Sure, lots of 2 to 4 year old homes have mortgages that meet those numbers.

• How Do I Handle the Paperwork?

Property is bought and sold using a deed. You'll need a new one…probably identical to the one used when the seller bought the home. You'll also need a sales and purchase agreement, plus a bunch of other 'convenience' documents.
Sound complicated?
Well, the first time it may seem that way. But with a little help you'll really have no problem. Plus, it's not hard to find sample documents with filled in names, addresses, and numbers.

• Do I Need a Company or a Corporation and What's an LLC?

Let's face it, if you're getting started, you need to get a house first.
Then you should consider all the different types of entity structures. Frankly, most of the Real Estate investors that hold properties for the long term choose either an LLC or a 'C' Corporation.
You can learn about these two entity types when you have a deal under your belt. Learning about these ahead of time might be useful, but you can have somebody show you where and how to fill out the simple registration forms.

• What Do I Say To The Motivated Sellers?

You probably think that you'll need a ton of real estate experience, knowledge of the 'jargon', a slick car and a clipboard to take down all the home dimensions. Wrong.
You need to know how to think like you were a motivated seller.
You need to understand why they want to sell and what you can do to satisfy their needs. Typically, by buying their home within 7 to 10 days.

• How Do I Fill The Homes?

This is the best part.  Just think of it…You've got a beautiful home, with seller financing, in a nice neighborhood. How many prospects do you think would want such a property? Lots and lots. But that could be another Special Report. What you need now is something to get you started. The fact that you went this far says that you're probably interested in working smarter…not harder.

RealBooks, LLC has developed an array of products that go from showing you how to get your first deal, to doing all the financial analysis and paperwork, nearly automatically.
No, you don't have to buy any of this stuff now.
The complete package can cost over $1,000. But we've got a simpler solution.

By providing your email address, we'll notify you of an electronic book whereby we cover all the techniques and education that you need to get motivated sellers to call you and ask you to buy their home.
We call our printed manual 'The ABC's of Subject To'.
'Subject To' is the term used when you agree to pay the seller's mortgage, but you don't assume it.

We've condensed much of the material in our 'Profits While You Sleep' Home Study Course into an electronic book. This e-book costs a fraction of the price of the complete home study course.  No you don't get the printed manual, CDs or Tape Cassettes...you'll get the condensed electronic book. It's enough to show you that Real Estate Investing can put you on the path to financial independence.

Our materials cover what you need to get into this business.
You know, the ABC's stuff. Step by step.

One home per month... 30 months to financial freedom.
We're providing the gate, so you're not fenced in anymore.

Contact Jim Smith, Broker for any questions on Investment Real Estate

Thanks,
RealBooks, LLC

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Copyright 2002
RealBooks, LLC Reproduction of any of this material without the written permission of RealBooks, LLC is prohibited.