Download e-book for iPad: All About Credit by Deborah McNaughton

By Deborah McNaughton

ISBN-10: 0585257612

ISBN-13: 9780585257617

ISBN-10: 0793131537

ISBN-13: 9780793131532

When you've got substantial debt, you would like ideas and also you desire them now. brings jointly the questions humans ask such a lot approximately credits. This e-book is designed for a reader who wishes quickly and easy-to-understand suggestions to precise credits difficulties. equipped round huge issues like divorce, assortment enterprises, financial ruin, and girls and credits, readers can fast use the ebook with no wading via extraneous details. Deborah McNaughton, one among America's most advantageous shopper credits specialists, solutions questions on qualifying for or being denied credits, mortgages, issues of collectors, and bankrupty.

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Additional resources for All About Credit

Sample text

If you are 30 years old when you finance your first building for 20 years, you will pay off the building when you are 50 years old. If you buy one building each year until you are 45 years old, you will have 15 buildings that will all be paid for when you are 65 years old. If each building contains six rental unitsa good number of units to have for both profit and ease of managementyou will have 90 apartments to support you when you retire. Assuming that the present rent for each apartment is $675 per month, that's $729,000 a year in today's money.

As an investment broker, I dug into the details on the property and discovered that the zoning for the building allowed use by up to five families. When the listing agreement expired with the unsuccessful brokerage, I contacted the property owner and listed the building for my brokerage to sell at $10,000 more than it had been offered for sale previously. The owner was skeptical because a big-name agency couldn't sell it after a year at a lower price, but I was confident. Once I had the listing in hand, I called one of my regular investors and told him about the property and about my discovery.

Are you a candidate for the real estate world? Almost any adult can invest in real estate. However, discovering where you fit into the business end of real estate can require some effort. The work is not hard, but you must develop a personal profile if you want to be successful. People who dabble in several investment types are rarely big winners. More often than not, specialists prevail in the battle for big bucks. When people concentrate their efforts on a single activity, they usually become quite good at what they do.

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All About Credit by Deborah McNaughton

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