understanding the correct way to buy houses and being able to obtain financing in our changing economy Packaging you !!!! 1. Correct way to package you to take advantage in todays market. 2. Understand people are getting nowhere quick the work all week and have nothing. Basically 3. Under a corporation you get more tax right offs 4. Under a corporation if it gets sued it’s not you it’s the corporation. 5. Remember you get out of life what you put in it, the avg American works 2000 hours per year hypothetically speaking, if you make 15.00 per hour that’s 30000 per year. 6. At the end of the year do you have 3000 saved that’s 10%. 7. Right now statistics say in shaky times the Americans save 5-7 % I say it’s a lie. 8. Banks today in real estate are not lending on personal credit on houses unless you can prove your job for two years and your fico is over 750 and then they are taking 45-65 days to close a loan if they close it at all. 9. Bottom line in business what’s known as commercial credit, they loan 60% of ltv or of the appraised value if the rental property is in the corporations name. And that’s important in building your real estate wealth. That means you can purchase a home for say 25k and you take it back to the bank they say it’s worth 35k you get the house long term for 4k out of pocket because they will loan 21k on 35k that’s 60% of value. When the rent pays that off you had received your money back and only invested 4k out of your pocket to receive a 35k in …
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