This is a picture of the second storm that went through our town in 3 days. Tornadoes. This is just some of the branches that came off and hit my house.

Yes you can. As an active investor I come across allot of wholesale deals. But as my experience piled on I have been able to locate some very cheap real estate with room to grow, and existing profit making abilities.

To give you an example I recently found a 2 bedroom, 1 bathroom, 2 story house for sale with an asking price of $12,000. That is not a typo. It is twelve thousand dollars, and the owner is willing to accept a note with a $1,000 down payment and $250 per month for the balance. The property needs approximately $3,000 worth of repairs in order to become rent-able and should be able to bring in a $500 per month rent.

I am just passing up deals like this because now-a-days I would rather not be the capital investment man. I work with financial investment partners for deals like this. The problem is that investors are afraid of the real estate market. The fact is that when you buy with very little upfront investment then it is easier to recoup your investment in shorter time, and once you do the roi is infinate!

If there are any investors out there who may be interested simply contact us and let us know.

Arguing over contracts equals bad business. Huh? Well the whole AIG thing is rediculous. Not in the way you may think based on all the bad press it received.  The fact is that the company had  contracts with it’s employees. It was smart business to fulfill those contracts and pay-out the bonuses. Otherwise they would have faced lawsuits. People are crying foul all over but come on. Seriously? We are in America. We force people to honor their contracts.

We need to stop bickering and get business back to normal. The fact is that we are wasting time fighting back and forth about crazy stuff, and bailing out the auto industry which does not deserve it in the first place which is causing us to get further into a mess. We are still not addressing the issue at hand. That issue is the hundreds of thousands of small businesses that are failing every single day because of a lack of customers, clients, and sales.

I’m sure there are multiple solutions. But until we start thinking of them then we are not doing anything helpful. It is like putting a band-aid over a bullet wound.

As a Chicago based company with an owner from Chicago we felt compelled to post this. The original news story is below for those unfamiliar with the renaming of The Sears Tower in Chicago. A London based company moved all their offices into the tower and gained naming rights to the tower for no extra cost. It is being renamed Willis Tower this summer.

For all of us who are outraged by the name change of an iconic piece of America we need to come together and boycott the tower if it gets officially renamed. We also need to go out and protest BEFORE summer gets here and show Willis Group that we mean business.

Please comment here to show your support for keeping The Sears Tower alive!

——— Original news story borrowed from Yahoo! News ———-

One of the most iconic buildings in the world will soon have a new name. Sears Tower, at one point the tallest skyscraper on earth, will be known as Willis Tower starting this summer.

The Chicago Tribune reports that Willis Group Holdings, a London-based insurance broker, didn’t have to pay anything for the name. After consolidating its area offices to the Tower, Willis was given naming rights to the 36-year-old skyscraper. It was a package deal, of sorts. According to the Tribune, Willis is hoping its newest venture increases the company’s name recognition in the United States. Apparently, it’s a big player across the pond, but few Yanks know anything about it.

Clearly the move is already having an effect in Search. Lookups on “willis tower,” “sears tower,” and “what is willis company” immediately soared into the stratosphere. But some wonder if native Chicagoans will play along with the name change. CNN quotes a local historian as saying that it will be hard for residents “to shift and start calling it (Sears Tower) something else.”

Indeed, a message board on a Chicago station’s website features many sarcastic and “Is nothing sacred?”-type remarks. One telling quote: “They can rename it whatever they want, the people who live here will always refer to it as The Sears Tower.”

——— Original news story borrowed from Yahoo! News ———-

The rat race. The definition by Robert Kiyosaki is basically a rat wheel that you constantly run on split up in pie slices. Each slice can be a paycheck, a liability, or an opportunity.

Getting out of the rat race means that your passive income exceeds your monthly expenses. Passive income is money that you make on your own rather than get by working for someone else. You can obtain passive income by buying and selling stocks, investing in real estate, and starting a business.

The key to your businesses success is to lower the expenses and bring in the profits. In order to do that you have to learn how to use leverage. For example if you bought a $150,000 2-unit property you would not pay $150,000 in cash. You would offer the least amount of out of pocket cash and get the seller to finance the balance, or take out a loan. In business, you would seek out strategic partnerships with other companies that help your company grow and run more efficiently.

Strategic partnerships would be maybe a call center that handles pay per performance cold calling. They would work hard to make a sale so that they make a profit. Such a partner would cost you zero risk because in order for you to pay them any money you would be getting money from the new sale to cover that payment.