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MY LIFE & 1, 000 HOUSES: The Art of Owner Financing
· How to get paid to build your cash flow.
· How to generate cash flow without being a landlord.
· How to get paid six ways on your deals.
· How to recognize what properties are good to owner finance.
· How to make money on properties that aren’t good to owner finance.
· How to find private money for your deals.
· How to sell notes with little to no discount.
…and much, much more!
FOR A LIMITED TIME:
Discount price: $45.99 includes shipping
There is a definite reason why this book is priced the way it is. Owner Financing can be a very lucrative strategy for building wealth. When we have the right mindset and fully understand the unique supply and demand dynamics of this strategy, the owner financing model is good in the good times and a boom in the down turns. So, exactly when is it you fail? There is always a way to fail and when you know the pitfalls you are aware to avoid them.
This book is full of case studies and the graphs, charts and diagrams are in full four-color so they are easy to understand. Four-color books are expensive to print but there are so many numbers I felt it important to color code them;
Red = Expenses, Green = Income, Blue = Important numbers to recall.
Color separation makes a big difference when you are learning to grasp new concepts in profitability.
Owner financing often goes against the grain of traditional real estate.
– You can sell over the market
– You can sell without rehabbing
– You can sell to a market left behind by traditional lenders
– You can buy amazingly fast
– You can stop begging for money
– You can take money out when you buy
– You can collect larger sums up front
– You can get paid for years and years
I have lived and honed and morphed this strategy for over 20 years spanning well over 2, 600 transactions. There are over 200 life changing pages; any one idea could make you thousands of dollars. There is enough information in this publication for a mover and shaker to launch an entire career.
Don’t let the price of a valuable education get in your way …and always remember… ignorance can cost you a fortune
One revelation, one shift, one mind altering idea can change the entire direction of a life and the destination it is bound for.
Here is the table of contents;
Chapter 1: –Success is Like Owning a Tiger– 4
Feeding the Tiger: 4
Tigers can eat you!: 5
Vices That Kill: 6
Chapter 2: –Financial Fr**dom– 9
Your Freedom Number: 9
Controlling the Bar :10
Financial Freedom is not Rich!: 10
When Wealth Happens: 10
The Affect on Immediate Goals: 11
Chapter 3: –Why Real Estate?– 14
Chapter 4: –The Rental Myth– 18
Chapter 5: –Once Upon A Time– 21
Chapter 6: –Hiring a Coach or Mentor– 26
Chapter 7: –Whose Money Is It?– 29
Taxes & Insurance: 32
Liability Insurance: 33
Move outs: 33
Cost of entry: 33
Chapter 8: –Learn to Mitigate Your Taxes–Postpone, postpone, postpone…die! Well done! 37
Chapter 9: –Goose Huntin’– 39
Chapter 10:–What Is a Real Estate Lien Note?– 42
Example of a Note: 43
Chapter 11:–What is Owner Financing?– 46
Example of an owner finance deal: 48
Chapter 12:–It All Begins With a Deal– 50
Chapter 13:–The Core Belief– 52
Chapter 14:–Your #1 Asset– 56
Chapter 15:–Establishing Property Values– 58
Chapter 16:–Establishing “Owner Financed Value”.. 60
Chapter 17:–The “Owner Finance Value” Formula.. 63
Chapter 18:–Nay-Sayers and Doubters– 69
Chapter 19:–Proud to Be a Real Estate Investor!– 73
How we help sellers: 73
How we help buyers: 74
How we help private lenders: 74
How we help the neighborhoods: 75
How we help schools and government: 76
How we help the contractors and the local economy: 77
How we help ourselves (The Private Investor): 78
Chapter 20:–My Favorite Strategy of All Time– 79
Chapter 21:–Case Study #1– 83
Overview of the end results: 86
Chapter 22:–Why I Borrow at the Terms I Do– 91
What Happens at Balloon Time?: 94
Chapter 23:–Where Owner Financing Works Best ..100
Chapter 24:–Expensive Houses– 104
Chapter 25:–Case Study #2– 108
Chapter 26:–Recession Proof?– 118
Chapter 27:–Dealing with Regulation– 125
Chapter 28:–The 5th Way to Get Paid– 130
Chapter 29:– 6th Way to Get Paid– 135
Case Study#3: 136
Chapter 30:–Keys to Selling Notes– 146
Chapter 31:–Finding Private Note Buyers– 155
Chapter 32:–Finding Bargain Properties– 157
Sifting Properties Through Filters: 159
Chapter 33:–Finding Private Lenders– 163
Chapter 34:–Short Term Money– 167
Chapter 35:–Finding Partners– 170
Financial Assistance: 170
Confidence and Confirmation: 171
Network Expansion: 172
Be Loyal: 173
Chapter 36:–Selling Houses– 175
Chapter 37:–CASE STUDY #4 — 178
Chapter 38:–CASE STUDY #5– 184
Chapter 39:–Is It Too Much to Ask?– 189
Chapter 40:–CASE STUDY #6– 190
Chapter 41:–Wheel Estate– 194
Chapter 42:–Wholesaling: Always Part of the Biz — 196
Chapter 43:–Case Study #7– 200
Chapter 44:–The Bigger Picture– 204
On the back cover:
Author Mitch Stephen has been a self-employed, creative real estate investor for over 20 years.
He bought and sold well over 1, 000 houses in his hometown and specializes in
“The Art of Owner Financing.”
He has written two other books centered on his experience in real estate…
MY LIFE & 1, 000 HOUSES: Failing Forward to Financial Freedom
MY LIFE & 1, 000 HOUSES: 200+ Ways to Find Bargain Properties
This book, MY LIFE & 1, 000 HOUSES: The Art of Owner Financing, is an insider’s look at a very powerful strategy for building wealth quickly.
Tired of being a landlord? Are you tired of all the late night phone calls about
leaking toilets, busted hot water heaters, broken air conditioners, and on and
on and on? If so, this book is a must read!
For years the gurus of the day have been selling us the “Buy & Hold” myth.
Most landlords have fooled themselves into thinking they’re making money.
Year after year would-be-retirees have to postpone their retirement because
the rental income they calculated on paper never makes it to their tax return.
Mitch can show you exactly why this is happening and how to stop it from happening by using a strategy that is less known and grossly misunderstood.
The owner financing strategy changes everything! Change your property’s value. Change your community for the better. Change your buyer’s life, and change your personal financial situation in the process.
All kinds of doors open when we stop using broken down traditional techniques and start thinking outside the box. And best of all, 90% of the deals are done with none of your own money! The strategies in this book are mind-blowing!
Mitch believes that real estate investing is a tremendous strategy for acquiring wealth. He has helped new investors find their place; He has helped veteran investors re-invent themselves by BECOMING THE BANK!
WHAT THEY ARE SAYING:
Great Book!! Mitch has a way of making things simple. He also has a way of inspiring a person to believe they can do it too. Well worth the time. Please excuse me now for I have to go find some new DEALS and close a couple of pending DEALS! – Jerry Brooks
This is a must read for anyone wanting to understand innovative ways to purchase the right houses at the right prices. This book is truly a Game Changer!
Most investors have some shelf-ware “Books they bought, but don’t use!” This book is one that I will keep as a reference guide to success. No shelf-ware here!
Carolyn and Carl Herrick
Mitch helps solve the mystery of how to truly be successful in the Real Estate Business. In a market where no one wants to share the How To’s, Mitch offers the tools and steps to make it happen!
He offers an honest way to Financial Freedom that makes sense. It was like reading my favorite book ” Hard to put it down”. He writes in a format easy to understand, transparent, blended with great humor! If you want to be successful in Real Estate and Wealth Building, this book is a must read.
The Art of Owner Financing is as practical guide to financial freedom and success. Mitch Stephen explains in everyday language not only the definition of success and financial freedom, but how to reach these goals through the fine art of buying property right and selling to end users.
I have been in the house business over 45 years and stilled learned new techniques from this book. I highly recommend this book for beginners and seasoned investors.
Randy Hughes, Mr Land Trust