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Everybody knows that being a new investor, it can be pretty darn hard to get started sometimes. Either out of fear or because you don’t have any skin in the game. Well if you got some REAL cash buyers, you can flip other people’s properties. Yea I said it. You can flip homes without ever putting a home under contract.

A lot of banks will send you promo checks. These are the best way and the only way I will do an advance. A lot of times it will be at a much lower rate for a certain duration of time. Some of these checks are even for life of balance. Simply write the check out to yourself and go down to the bank and pull the money out. It is kind of a round about way to pull cash off the card at a promo rate. Remember to read the details these checks almost always have a fee, which is usually 3-5%.

Advantage 2: Buying cashflow property creates an asset. What does that mean? It simply means that you now control or own something that pays you! The real difference between assets and liabilities is that assets pay you and liabilities require payment from you. Your personal residence is not an asset, it is a liability! It requires payment from you in the form of mortgage. Even if your home is paid for, it requires payment from you in the form of taxes, insurance, and upkeep to name a few. In reality your house is an asset for the bank that owns your mortgage, or the state and federal government that collects your property tax, and the maintenance man who does your lawn… For you though, your home is a liability!

It is always a good idea to junk those cars, which are no longer in a drivable condition and earn from them. Junkyards take vehicles that are in the worst possible condition which is why this is the best option for people who own vehicles that have been dented from all areas and are a major embarrassment to drive. Dealers can easily be found online who would be willing to buy them and offer cash for free catalytic converter scrap price guide. They would also provide you with a price quote and offer, which you would not be able to get if you were to try to sell the vehicle elsewhere. Hence junking your vehicle will give you some money rather than a very low amount, which is what you would get if you would actually try to sell the vehicle to an actual customer.

Tip No 6 – Give customers as many options for payment as possible and emphasise your preference for electronic payment such as direct debit which have less processing fees than credit cards and go straight into your account.

Its critics would have you believe that buy and hold is synonymous with “buy and forget about it”. Any serious investor who subscribes to buy and hold (professional or amateur) would never equate it to buy and forget about it.

Buy original art and start your own art collection. People collect all kinds of things don’t they? Baseball cards, stuffed animals, die-cast cars, Barbie dolls, etc. I really don’t know why people collect, they just do. The home of a serious art collector is a quite something to behold indeed.

Similarly, people who smoke are supposedly scared every day by the advertising on the packs which tells them that the product they are about to enjoy is a killer. But they continue to smoke because the pleasure it provides them outweighs the fear factor.

Amazon, Best buy and Newegg are all great options. You may wish to check out their current offers. In addition, these retailers often offer free shipping, which makes them a great place to buy from. Their prices are competitive; their reputations are great; their customer service is, on the whole, highly esteemed.

The solution is to plan to spend earned money on Assets (things that appreciate over time) to make passive income. Don’t buy liabilities (things that depreciate and lose money over time) with earned income. Then use some of your passive income from the assets you own to buy the liabilities you want.