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.

Comments

• March 20, 2009, Josh writes: AIG did not put these bonuses in the contracts, Senator Dodd and Tim Geithner are responsible. They were either originally in Sen. Dodd's bill or were slipped in at some point, but if the legislation wasn't being shoved through Congress someone might have had time to read it. Timothy Geithner has no excuse why this should have happened under his watch, our own government is responsible. That being said, it's wrong to tax these people 90%. No matter how mad we are, we can't legislate out of emotion, and it's unconstitutional to pass a bill of attainder like this. Think about it: are you really comfortable having a House that was able to pass legislation taxing a group of people 90% so quickly? They did this within one day with ease; what's going to happen if they decide WE need to be taxed more?
• March 20, 2009, admin writes: Agreed. The taxing was a bad call and only done to make "some" people look good. It is basically the modern version of a witch hunt to do so because the call was made to please an angry crowd.
• March 20, 2009, admin writes: Also, from what I understand, the bonuses were already there. The part which Senator Dodd and Tim Geithner were responsible for were placing the loophole in the legislation that allowed the bonuses to be paid out with the bailout money. But the contracts were already in place before that.

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 ———-

Comments

• June 30, 2009, william phemister writes: THIS SHOULD NOT HAPPEN. NO EXTRA COST??? AS A LANDMARK, IT WILL ALWAYS BE SEARS TOWER. "WILLIS TOWER" IS WORSE THAN "US CELLULAR FIELD".
• July 17, 2009, Trey writes: Searstower landmark is part of the identity of Chicago, as significant as it was Marshall's Field in its time or Garret's Popcorn, or the same Hankcok Tower for instance. It is a huge mistake to deprive chicagoans of its identity for econimical or political interests.
• July 17, 2009, admin writes: Unfortunately they changed it yesterday. That led me to email Willis Group via the form on their website letting them know I will dedicate my life to convincing people to boycott them and every company in that building until there is enough pressure to change it back.

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.