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.

I am always coming into easy to obtain properties. They are mostly fixer uppers that I can get for 1k or less down and completely seller financed. I am always looking for investors with cash for the fix-up who want to partner with an experienced investor.

Whether the properties are held for equity and rent, or they are sold for a flip profit, I can make it happen. If interested simply contact us and ask for Brandon.

As you know, the owner of Web Design Taxi us an active real estate investor. Because of his knowledge in creative financing paired with his ability to find low cost properties, we can secure income properties for $5,000 down or less. They may be single family or multi family homes and usually in move in condition.

He is currently looking for cash investors who wish to partner with him on some of these deals. The returns are excellent and the terms are the best.

If you are interested in partnering simply comment here to show your interest.

I thought I would write a quick post to give you some insight into the process of fha loans and what the underwriter needs to approve them.

One of the issues that will come up is items you may have on your credit report. The government insured loan will require government approval. They do not care about most of the bad items, even if you have multiple ones. Additionally, medical items are understood. Everyone has medical issues.

One item they care about is past utilities, especially if they are big. They will single out one bad item and require to either pay it off, or get a payment arrangement and MAKE SURE you get a letterhead from the collector/utility company that says you are making payments with them and they agreed to it.

Additionally, keep in mind that fha is a 98% loan. That’s their max. So you will need to come out of pocket with the 2% at closing. On top of that you will have homeowners insurance out of pocket.

If the fha appraiser says everything is good then you are in the clear to move ahead to closing. Just watch out for those issues that come up in underwriting.

The current real estate market may seem horrible to most of the population. I guess it is in the eye of the beholder. I have had experience in real estate investing and I can tell you that it is safe to buy. The way you buy is what matters. FHA financing is the way to go when it comes to obtaining funds. They are easier to get approved for and offer grants for down payment assistance, rolling in closing costs, and other goodies.

If you ever come into a crunch though you can also use creative financing paired with Prosper.com for a down payment and walk into a property with zero money out of pocket. You just have to make sure you can afford to take care of it after you buy it.

Do not be scared of the market. It is a non-issue. If you feel it is time for your family to get a place to call home then by all means go for it!