Almost a half of a century ago Jack Miller made up his mind to finally get serious about building a financial estate which would provide reasonable financial security and a comfortable lifestyle for his family. A major problem was that his formal education in management and electronics provided me few skills with which to achieve this.
Fortunately, a couple of years before, at the age of 40, Jack had been laid off because of corporate down-sizing. He’d been forced into real estate sales by default when he’d been unable to find another job that would pay enough to support his family. As a result, he’d been able to build up a little experience in residential sales and financing. But he’d never really set specific long-term goals which would provide the financial success that he wanted; or a workable plan to reach them. Frankly, he’d been too much a dreamer and too little a realistic goal setter. In the spring of 1973 this all changed dramatically.
Out of pure necessity, Jack put himself on the FAST TRACK to success. This book aims at showing you how you can do it too.
Almost a half of a century ago Jack Miller made up his mind to finally get serious about building a financial estate which would provide reasonable financial security and a comfortable lifestyle for his family. A major problem was that his formal education in management and electronics provided me few skills with which to achieve this.
Fortunately, a couple of years before,at the age of 40, Jack had been laid off because of corporate down-sizing. He’d been forced into real estate sales by default when he’d been unable to find another job that would pay enough to support his family. As a result, he’d been able to build up a little experience in residential sales and financing. But he’d never really set specific long-term goals which would provide the financial success that he wanted; or a workable plan to reach them. Frankly, he’d been too much a dreamer and too little a realistic goal setter. In the spring of 1973 this all changed dramatically.
Jack's particular spark of inspiration was a seminar conducted by Warren Harding. In it, a competitive class problem was assigned to see how much property each of us could amass in a year starting with an imaginary $20,000 in cash. The rules were that we could do anything feasible in real estate that we were qualified to do. The prize would go to the person who was able to find ways to invest the initial take to make it grow the most over a single year without relying on speculative bank financing or personal loan guarantees. Jack was one of the class winners. Solving this class problem started him on the fast track to success.
This book aims at showing you how you can do it too.
Our line of march will begin with your personal preparation for success. Goal setting. Building the will and confidence in you so that you’ll actually get started to commence to commence. You’re going to learn a variety of ways to find houses that you can buy. You’ll be exposed to distress-market buying both before and after foreclosure sales, bankruptcies and tax lien forfeitures. How to avoid or out-run the competition. How to co-exist with professional real estate brokers and Realtors. Helping you to meet greet, and deal with strangers from whom you’ll buy or to whom you’ll sell or rent houses. Teaching you how to look at a house to decide its desirability, the costs of repair, whether it’s a ‘keeper’ or a ‘flipper’, whether or not to buy it, and how to establish its value.
As we move deeper into the material,we’ll also introduce you to the gentle art of negotiation. This more often than not involves less sparring over price than using various financing alternatives to wrest a feasible, economic deal from the seller. So we’ll explore a few creative financing techniques that are useful for buying houses as well as institutional credit approaches.
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