Tuesday, March 19, 2013
Property: Great buy - plot of land for a 200m2 3 bedroom Villa
One of the most important principals of creating wealth is to own your own home. The average family pays full retail price for their average home without thinking about the enormous financial consequences of their decision.
Your house will be the BEST or the WORST financial decision of your life!
Let me show you how to pay wholesale prices for your next house.
It's easy when you know how.
A $100,000 house with a fixed rate mortgage of 8% will have mortgage payments of $733.76 for 30 years or 360 months for a total of $264,155. In other words,
$100,000 principal payments
$164,155 interest payments
$264,155 total payments for house
Technique 1 - Never, EVER pay retail for Real Estate
There are 9 ways to find Bargain Properties that you can buy at wholesale prices.I go into detail on these 9 ways in my new book, Multiple Streams of Income.
Using one of these methods, you set a goal to buy your next house at least 20% below market. I’m assuming that you’ll also buy it with little or no money down using the ideas in my all time best selling real estate book, Nothing Down. Therefore, you’ve saved $20,000 by using patience and some bargain hunting skills.
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