Weekly Report 6/10/2011

6/10/2011Issue #44 – Friday June 10, 2011

Dear [fname],

    I know from a long experience in buying houses, that beginning real estate investors can make good money quickly on assumption deals. I have found this to be one of the easiest and quickest methods of buying and selling a property in weeks, days, or even hours. In this report, I’ll share with you some tricks to make quick cash on assumption deals.

       Also in this week’s report…

•This week’s Golden Nugget is from French military and political leader Napoleon Bonaparte. 

•Ever want to know what a day (or three) in my shoes is like, make sure you watch this week’s Planet Ron!

•In this week’s Ask Ron, Tyson B. asks Ron about how to construct a deal with owner financing purchase so as not to guarantee debt.

    I hope you enjoy this issue of your Weekly Report!

                                        Peace,

                                            Ron

Make Quick Cash on Assumptions

by Ron LeGrand

    Using this technique, you will find loans that can be assumed, such as non-qualifying FHA and VA loans and private loans. The beauty of this is that non-qualifying loans require little money, no credit checks, and you need very little training to do them.

    A non-qualifying loan is any loan that does not contain a “due-on-sale” clause, which gives the lender the right to call the loan due when the property transfers ownership. The absence of this clause takes away control from the lender and makes the loan freely assumable with or without the lender’s permission.

    This creates very attractive financing because the buyer does not have to qualify for a new loan to buy the house. If he can satisfy the seller’s cash needs for a down payment, he can buy a house regardless of his credit or inability to qualify under normal standards.

Read the whole article here

Golden Nugget

“Take time to deliberate, but when the time for action has arrived,

stop thinking and go in.”
– Napoleon Bonaparte

Summer’s here and that means a whole lot of backyard barbeques will be happening. Don’t spend day after day chasing the latest barbecue recipes and tricks which either cost too much money, take too much time to learn or just aren’t that great … you COULD be getting compliments from everyone in town for your killer barbecue. Impress everyone this summer with just a few tips on how to get that perfect barbecue.

The Best Competition Barbecue Recipes

Where in the World Is Ron?

With all my travels, I’ve been scarce around the office lately. In this episode of Planet Ron, I share with you who I’ve been rubbing elbows with lately   and what I’ve been up to.

Watch the Video Here

“In leading do not use the golden rule, use the platinum rule.”

– The Richer Life Management Philosophy,

by Rick C. Ernst

Ask Ron…

This week in our Ask Ron series, Tyson B. asks Ron about how to construct a deal with owner financing purchase so as not to guarantee debt.

Ron Answers Tyson Here

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