How To Make Money In Repair and Turn Finances Without Job
                     15. How To Make Money In Repair and Turn Finances Without Job
The economic climate is down. Real estate is in blues. But some individuals are making great deals of 
loan by getting properties either at the steps of the court or from the bank. They get them reduced, 
repair them and also market them high. If you have the moment, know-how, an entire group to back up 
the work involved, you can make money.
However, if you have cash, you can do even much better. Here is exactly how it works. Mr. Deal With as 
well as Flip has locked in a property which he is purchasing from a bank. The purchase rate is $100,000. 
But Mr. Fix and Flip only have $80,000 cash in the financial institution. Technically he needs just about 
$25,000 or so to seal the deal. $5000 additional to cover the closing price. But that will not function as 
he will require books to spruce up the residential or commercial property and offer it. He figures it will 
certainly take $10,000 to repair it up. Plus he requires money in the book - even more the far better.
Mr. Fix as well as Turn call his home loan broker and fills out a flip loan application for a $60,000 loan 
with $40,000 down. The broker calls you. The property value checks out. After he fixes it, it can be sold 
for between $150,000 to $200,000.
The home loan broker provides you the bargain. This is a one year NOTE at 12% plus 2 indicate you — no
prepayment charge. So, your minimum return is 14%.
You look at the loan plan as well as are pleased with it. You drive to the building as well as it looks great.
Now you can offer him $60,000 that he is requesting for and even better see if he can put down 
$50,000. Otherwise as well as if everything else is excellent, after that you can still loan him $60,000. 
Even worse involved even worse, you will be acquiring that residential or commercial property for 
$40,000 less than what someone just spent for it. Then you can repair whatever is delegated repair as 
well as market it for $150,000.
So, you loan him the cash. He is not about to shed his $40,000 deposit. He repairs the building as well as 
markets it with seven months. You make money off your $60,000 at 12% plus you already obtained your 
two factors. You made more than 14% return on your loan and also Mr. Deal with as well as Flip did all 
the job.
Saratoga Bancorp has been making Trust Fund Action Investments since 1987. We can do all the 
monitoring and also all the documentation for you and also make certain your financial investments and 
also the documentation is done right. You will have lien on the residential or commercial property, and 
also it can not be offered without you making money off.