Financial Freedom - Golden Words of being Rich and Wealthy
Do you believe or not :
Circumstances Don’t keep you from achieving your DREAMS-YOU keep yourself from YOUR DREAMS
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Source : Richdad.com
Real Estate - Poor Guide’s To Real Estate Investing
I don’t know whether the story is true or not. I came across an articles from Bankrate.com which features a story about a how a poor(I think so) guy invest in real estate. This guy is really good. He died with a dollar in his wallet but it turns out that he owned a half-million dollars’ worth real estate.
Below is the story:
INDIGENT INVESTOR: Johnny Moon Sr. died with a dollar in his wallet. But it turns out that he owned a half-million dollars’ worth of real estate.
And he had been shrewd — buying at least one house for triple its market value and getting a mortgage to cover the inflated amount. Even though he overpaid for houses, he managed to sell them at a profit.
If he was such a savvy real-estate investor, why did he die of pneumonia brought on by malnutrition? Maybe mortgage broker Matthew Cox could shed some light, but he’s on the lam from federal authorities. And Moon’s son, Johnny Jr., and Junior’s business associate, Dominic Ferrara, aren’t talking. Both are mortgage brokers.
“Evidence mounting since Moon’s death suggests he may have been the latest straw man used in what the FBI says is a national epidemic of mortgage fraud,” the St. Petersburg Times reports.
THE NUMBERS: Bond yields are down a bit today, but maybe not enough of a difference to matter in the mortgage deals you’re quoted today. The 10-year Treasury yields 4.93 percent this afternoon, down from Monday’s 4.95 percent.
DON’T WORRY: Everything’s cool in the housing market, nationally, says the chief economist for the National Association of Realtors. Keep calm.
Economist David Lereah predicts that this year will be the third-best for home sales. 2005 was the best year, and 2004 was the second-best. Lereah is putting a happy face on a forecast that has home sales falling almost 7 percent from last year’s record, to 7.79 million units from 8.36 million units.
Lereah expects prices to rise. Yes, that might happen nationally. But he doesn’t mention that home prices could fall this year in some markets. Think Southern California, Las Vegas and South Florida.
I really admire this guy. He died poorly but wealthy!
Financial Freedom - Golden Words of being Rich and Wealthy
Do you believe or not :
Quitting is a permanent SOLUTION to a TEMPORARY Problem
Source : Richdad.com
