How to Make Your Money Work Harder for You
I’m Ted Thomas, and I’ve been involved in a home-based entrepreneurial business for the past 30 years.
Today I’m talking about everyone’s dream, how to make your money work harder for you. Many of my student investors do exactly that, they make their money work!
I’ve developed a way to create passive income that’s generated millions for my students who follow the step-by-step process.
Don’t work for money, let your money work for you.
Want to learn how to make your money work harder for you with bargain real estate investing? Would you like to buy mortgage-free homes for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Mini Course.
Investments That Are Not the Best Use of Money
Before we discuss how to make your money work harder for you, let’s talk about what doesn’t work as well nowadays.
Late-night television and hotel seminars promote an old concept which worked like this: buy and rent the real estate.
The problem is how does one buy real estate and pay high market prices and pay the mortgage and taxes and expect to have any money left over? Rental rates have stagnated, and properties have negative cash flows.
Uneducated buyers are looking for flippers and bargains that appear to be easily modified and repaired. Fixer uppers make you work harder rather than your money, and that’s not how to make your money work harder for you
Getting these properties mortgaged could be a challenge. The biggest challenge usually is high prices, and bankers don’t want risky properties.
Traditional real estate is not easy. Many investors want to purchase and rent to others, however, renters want bargain prices. Many new investors purchase and then realize they cannot receive enough rent to pay the new mortgage, taxes and repairs.
This is called negative cash flow and negative cash flow property is a result of high prices, big mortgages, low rentals, and the expectation of getting rich quickly.
Now let’s talk about smart ways to make your money work for you.
How to Make Your Money Grow Fast
Here’s an example of how to make your money work harder for you. One of my coaches during the past 10 years built a whole portfolio of single-family homes that generate thousands in monthly payments. He doesn’t own the homes, and he didn’t fix or rehabilitate them. So what did he do?
First, he learned how to buy homes for pennies on the dollar at property tax auctions from county treasurers. Then he sold the property using a land contract.
The land contract payments and taxes go directly to the seller, and all the maintenance and repairs are left to the new buyer. For the investor, this is close to paradise.
I have a free gift for you, a special Master Class that will teach you how to make your money work harder for you, earning huge returns with tax lien certificates and tax deed investing. Get your FREE gift today.
Grow Money With Tax Defaulted Property Investing
Nationwide, over 3,000 local county governments will have homes, residential buildable lots, small apartments, and small farms, all being auctioned for the starting bid of the delinquent property taxes.
The county treasurer will seize properties that are delinquent on property taxes and sell them at a public auction. To sell the properties quickly, the county treasurer will discount the property 60%, 70%, or 80% below the assessed value.
The county treasurer is also mandated by the state legislature to delete the mortgage or deed of trust loan.
Anyone can attend the auction and purchase, and property will be sold to the highest bidder.
Savvy auction buyers attempt to pay 10-20 cents on the dollar and it is up to them to resell, fix up, flip or move into the property.
How to Make Good Money Selling Bargain Real Estate
I teach my students to buy as low as possible and then sell low quickly. Everyone else teaches to buy low and sell high.
For example, a winning bid on a tax defaulted property valued at $100,000 may be $30,000.
Using media like Craigslist, the Multiple Listing Service, Zillow, Trulia, and as many electronic sources as possible, you may resell by advertising the $100,000 assessed value and a selling price of $60,000. That’s a $30,000 profit.
The low price attracts fixers, flippers, and credit challenged buyers with low FICO Scores.
How to Make More Money With Seller Financing
If you want to know how to make your money work harder for you, then understanding seller financing is a must because it enables you to profit from both the sale of the property and the financing.
Buyers with low FICO scores will request that you finance the sale. That means they want to make installment payments, and they don’t care how many or the interest rates.
Banks and institutional letters will reject people with low credit scores, so low FICO scores are to your advantage.
My student buyers retain the title to the property and sell using a contract of sale. This simply means the seller will collect payments, and the new buyer will make payments, plus interest and taxes, and take care of maintenance.
Today’s lesson is how to make your money work harder for you. To summarize, buy low, and sell with a land contract.
We hope you enjoyed Ted’s lesson, “How to Make Your Money Work Harder for You”
With tax defaulted property investing you can get incredible bargains on real estate. Buy mortgage-free properties for cents on the dollar and resell them at a discount to generate lucrative profits.
If you utilize seller financing, then you can increase your profits even more and create streams of residual income.
If you’d like to know more about how to make your money work harder for you with tax defaulted property investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching.
You can learn how to reap the huge rewards from tax lien and tax defaulted property investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!