Re: Should I go to a workshop for $3000? I need good advice!

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Posted by Mike McGinnis on June 15, 2002 at 16:28:29:

In Reply to: Should I go to a workshop for $3000? I need good advice! posted by Gaijin21 on June 12, 2002 at 15:30:43:

Save your money for investing. Spend about one tenth that amount for the materials you can get from John Behle and learn the truth about investing in mortgages. It's not easy and takes lots of people skills to locate and purchase the mortgage. Learning the mechanics and math is not as difficult as finding notes to buy and negotiating with note holders. People being individuals, there is no slick cookie cutter way to do this. Every deal is different for a long time. All that said, the inexorable power of compound interest continually drives me to find deals. Finanacing is a derivitive investment in real estate and provides great leverage. I also like the idea of being an unregulated bank through real estate. The massive size of the real estate and real estate finance industry allows every possible variation to exist. Where else in the world can a poor person be such a capitalist and a rich person find such safe investments. Everyone has to live somewhere and work somewhere no matter what the rest of the economy is doing.

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