Using the Concept of “No Money Down” to Grow a Startup Business
No CommentsJust about everybody has heard of the term “No Money Down” loans for purchasing real estate. No money down is the pure leverage of money. Your return on “No Money Down” is infinite, since you have not put any money down and as long as the property is cash flowing, you have money coming in your pocket. If done correctly, you can become very wealthy using this one technique. However, lately, it is clear as to how the leverage of debt can be a bad thing based on all the shortsales and foreclosures going on right
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Managing Debt
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Most folks have some sort of debt. There is “good debt” and there is “bad debt”. Good debt is normally associated with debt that is taken on to invest in some sort of asset that generates income and/or increase in value/worth in excess of the debt load. For example, if you purchase a rental property with debt and that rental property generates positive cash flow, it is considered good
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Business Defined
No CommentsA business (also called a firm, or enterprise) is a legally recognized organization designed to provide goods and/or services to
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Money Defined
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Money is anything that is generally accepted as payment for goods and services and repayment of
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What is a shortsale?
No CommentsA short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.
A short sale typically is executed to prevent a home foreclosure, but the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property. Often a bank will allow a short sale if they believe that it will
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