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MAKE MONEY TRADING MORTGAGES |
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Del Ashby is a mortgage investor, real estate investor and businessman with more than 30 years' experience. He is President of Charter Capital Corporation, a privately held mortgage investment firm. He is also President of The Wellington Company, Inc. which publishes his educational materials and manages his training seminars. He originally taught "High Yield Investing in Safe Discounted Mortgages" at the University of Maryland. He wrote a continuing education newsletter for the mortgage investing community. He has taught hundreds of people how to make money and invest safely in the discounted mortgage business. Many of his graduates continue to be involved with his companies either as investors or as note sellers/brokers. He has consistently been referred to as one of the most knowledgeable people in the business. His natural teaching skills along with extraordinary patience makes his training seminars on the subject an easy way to learn the business. His accessibility by telephone after the formal trainin, to tutor his graduates is unusual. He has owned and run several companies and has invested in everything from residential housing to hog farms. This unusual diversity makes him a popular speaker at real estate and investment functions. His early career was spent working for others in the electronics and computer business. Stifled creativity and the need for freedom to control his own destiny pointed him to his own business in 1974. Sample Pages: INTRODUCTION Each of us has twenty-four hours a day and the right of self determination. Yet, in terms of earthly possessions, only a few excel to the extent of having more than we will ever need. That should give each of us cause to wonder why. Why not me? Does the other person know something that I don't? Yes, he does. There exists a private market, a private network of people with knowledge and connections, who somehow achieve what the average person does not. Do they work harder? Are they inherently smarter? Do they aspire for more? What makes the difference, anyway? What you are about to learn is not new. I learned about it in 1959 and it had been around almost as long as time even then. At that time, I didn't believe it. I thought it was too good to be true. If only I had pursued it then, time would have worked wonders. Even now, only a few people will come to understand and take advantage of this knowledge, act on it and make something happen for themselves and those they care about. I hope that you will be one of them. Del Ashby HIGH-YIELD MORTGAGE INVESTING Welcome to the world of high-yield mortgage investing. Never again will you want to accept the paltry returns available from banks and other lending institutions. Once you understand this investment, you will realize that a high return on your investment does not necessarily mean high risk. If you know what you are doing and use common sense, you will find that mortgage investments can be safer than government bonds. In this book, you will discover how this amazing investment works and why you should never accept less than a double-digit return on your money...and you can often earn much more. You will also discover that you can create a business of buying and reselling mortgages that can be very lucrative. It can be run on a full- or part-time basis. There are many other creative approaches to using these investment vehicles, as you are about to learn. The Basic Concept If you owned a house which you rented to tenants at $1,000 per month and that house had cost you $100,000 to purchase, what would your return on your investment be? You would have $12,000 per year income on a $100,000 investment. That is a return of 12%. Suppose you were to find an identical house for sale in a situation where the seller was desperate to sell and you were able to buy it for $50,000. Since you bought it for half price, would you rent it for half the normal rent? Of course not. You would still get your $12,000 per year rental income. With only one half as much invested, what would your return be? Twice as much as on your first house? Exactly. Think carefully about this concept. Simply put, when we invest in something that produces income, the less we pay for it, the better our return, as long as the income stays the same. In Real Life In real life, if you bought either house, where would most of your rental income go? Would it not go to pay the bank for the mortgage loan you took out to buy the house in the first place? The bank gets the money while you put up with the tenants, fix the toilets, and put up with all the other problems of property ownership. Wouldn't you rather be the bank? That's what the private mortgage business is all about. You become the bank. You don't have the money, you say? Where does the bank get the money it loans you to buy that rental house? Doesn't the bank borrow it from you and their other customers by way of savings and checking accounts? And what about the money you loan them through those high return CD's? Do they make a profit on your money? Couldn't we buy mortgages with borrowed money? You bet we can, and we do. You can too. What happens if you don't make the mortgage payments on the house you bought with the money you borrowed from the bank? They will take it away from you, won't they? Could we play by the same rules in protecting our investment? Absolutely. And, by the way, do you think the bank ever makes a profit on the house after they take it back in foreclosure? Could we? You know the answer to that. If the banker has to foreclose, does he do that personally? Of course not. He uses an attorney just as you would do. And who pays for the foreclosure? Doesn't it come out of the proceeds of the sale of the foreclosed house? That good old banker never gets his hands dirty, and you don't have to either. How We Become the Bank When a person buys a house or other real estate, we ordinarily think of that person going down to the local bank or mortgage company to take out a loan, commonly referred to as a mortgage loan. When the ownership of the property is transferred to him, the previous owner gets his money from the loan proceeds, and the proud new homeowner gets to make payments on the mortgage loan for the next thirty years. There are times when properties are sold using private loan money rather than a bank being involved. It is in these circumstances that we can become the bank and make money from the transaction... ORDER NOW!MAKE MONEY TRADING MORTGAGES E-book -- Immediate Download (Adobe PDF file). $19.95 Don't miss our hand-picked selection of other E-books, software, home study courses and more at The Profit Center |
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Table Of Contents INTRODUCTION CHAPTER 1 CHAPTER 2 CHAPTER 3 CHAPTER 5 CHAPTER 6 CHAPTER 7 CHAPTER 8
CHAPTER 10 CHAPTER 11 CHAPTER 12 CHAPTER 13 APPENDIX A 67 APPENDIX B 79 APPENDIX C 83 APPENDIX D 87 GLOSSARY 114 AFTERWORD ORDER NOW!MAKE MONEY TRADING MORTGAGES E-book. $19.95NOTICE: The Paper Source, Inc. is the copyright holder in partnership with the author for this digital product. Therefore, the download file is an authorized version for sale and distribution. You are purchasing this digital product for individual use only. You are prohibited from distributing this document in any manner, including electronically, under the Digital Millenium Copyright Act (PL 105-304, 112 Stat. 2860 [Oct. 28, 1998]). |
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