Search This Blog

Tuesday, October 27, 2015

The Freelance Economy is NOT a Joke and it's NOT Saturated (Yet) by Marc Charles

The Freelance Economy is NOT a Joke and it's NOT Saturated (Yet)
6:10 AM
Greetings!

I’ve made hundreds of thousands of dollars freelancing, so I know it works.

More important, I’ve helped thousands of people cash in on the freelance craze.

So believe me…..you CAN generate cash as freelancer….and its easier than you think. Got a full time job or another business? No problem, you can do this on the side.

I’ll give you the truth about freelancing so you can start making money in the next few hours or days.

The Truth About the Economy…..

The economy is in shambles, unemployment is still at historic highs.

The so-called “greatest companies of the new millennium” are laying off people in droves!

Companies like Yahoo!, AOL, Facebook, Google, and Cisco have quietly turned on the “layoff spigot” too.

But this is GREAT NEWS for freelance workers. I’m dead serious.

The world hasn’t ended just because a preacher said it would.

No sir.

We both know it’s pretty dismal… businesses are slashing debt, expenses and wasteful spending (i.e. lazy employees) like crazy.

But the world hasn’t ended and some businesses are growing like wildfire!

And many businesses, let’s say hundreds of thousands, have discovered the power of using freelance and contract workers.

We may discover this time will be referred to as the “Freelance Decade”.

This Is NOT a Good Time to Be Fired!

Last week S.E. invited me to lunch at a swanky seaside bistro.

He told me his job as a high-level graphic designer was coming to a close. Apparently his employer is bankrupt, and was closing up shop because no one would buy it.

“You warned me this would happen…..three years ago”, S.E. exclaimed.

He went on…. “This is NOT a good time to be fired. Geez, my wife’s at home with our baby all day…she can’t work outside the home”!

I said, “Hey, it’s not a big deal. I know you’re upset. But if you start thinking like a freelance expert rather than an employee you’ll be ahead of the game”.

“What’s more, your wife could grab a small freelance gig too if she has the time”, I added.

S.E. mumbled…. “I know you’ve mentioned freelancing before. But I don’t have time for little “side projects”. I need good paying projects NOW!”

“Okay”, I said. “Give me $500 and I’ll have three freelance projects for you by Monday (it was Thursday afternoon)”.

S.E. shot back, “$500? Is that your fee or what”?

“I want to see if you’re serious. Write me a check for $500. When you land the right freelance project I’ll give your money back”, I said smiling.

S.E. landed a freelance project the following Tuesday. It only took four days.

Here’s the Secret to Freelance Gigs…

If you type “freelance projects” into Google your head will be swimming in search results.

There are thousands of so-called freelance websites on the Internet. Most of them are designed to get YOUR money in the form of “membership fees” and other services.

Granted, there are a handful of freelance sites worth the money you spend on membership fees…I’ll show you the ones I like.

But you don’t have to succumb to the majority of BS freelance sites on the Internet.

When you’re done reading this week’s issue you’ll be able to can start landing “legitimate” freelance projects in record time.

I know what I’m talking about when it comes to freelancing. I’ve been doing it on one level or another for more than 30 years.

And get this….

I was approached by a senior TV executive to produce a “Freelance Channel”! Can you imagine? It might work…but I would focus on YouTube rather than TV.

I’m the “Go To Guy” when it comes to freelance work!

Welcome to “Freelance Heaven”…..

Take This Job and Shove It! 

E.J  worked for the largest insurance company in South Africa as a network “gopher”. 

He would “go for” things and perform mundane tasks for three senior managers.

One day, without warning, E.J. was fired….by email. He was devastated and humiliated. He was escorted from his desk, cardboard box in hand, out of the building and asked to leave company property.

The funny thing is….E.J. was a devoted employee. He didn’t break any laws, polices, procedures or screw anything up.

However….E.J. said he made a terrible mistake…and it was political.

E.J. started mocking senior management’s political affiliations and poked fun at them at a local company watering hole.

He violated the corporate cardinal sin: politics is everything.

Anyway, E.J. was referred to me by a goodfriend when he relocated to the US.

When I saw the depth of E.J’s expertise….and more than three pages of testimonials and referrals…..I suggested he start working as a freelance network administrator or security consultant. 

E.J. was not thrilled. He thought I was going to offer him a job.

On top of that, E.J. never worked for himself. He worked at the same company for ten years. So he was afraid to go out on his own (without a safety net or benefits).

I told him, “I know you’re nervous about going out on your own and working as a freelance contractor. But you can get a job and freelance on the side until the money convinces you”.
E.J was all ears now.

I showed him how and where to find clients immediately…as in hours or days not months or years.

In less than three months E.J was in business working fulltime as a freelance network administrator, and he quit so “secure” job.  Today E.J is turning clients away and focusing on the highest paying ones (his words not mine).

E.J. told me he’s making eight times as much as a freelancer than as an employee.

That’s what I’m talking about!

And get this……

E.J. was recently approached by insurance company in South Africa that fired him! He never responded to their call or email.

I've been freelancing in one capacity or another for more than 29 years. 

The opportunities are greater today than they ever were in 1982!

It’s no surprise…..the economy sucks. Most companies are firing NOT hiring people!

But, in all the desperation, uncertainty and calamity is opportunity. I’m not kidding!

Most companies and businesses may be firing people in droves but they still need certain tasks done…and they’re willing to pay for them.

Here some of the freelance opportunities in DEMAND right now:

Programming
Business development
Legal
All things Google (SEO, SEM, advertising, back-linking, etc)
Sales
Graphic design
Webmasters
Social Media Managers
Engineers
Accounting and Finance
Network Administration and Security

Keep in mind….these are only the web-based freelance opportunities!

There are boatloads of “offline” freelance opportunities too; such as:
Medical and dental
Sales
Paralegal
Real estate
Restaurants
Hotels and resorts
Programming
Analysts & Accounting
Marketing
Driving

There are just too many opportunities to list!

In this week’s issue I’ve included more than twenty resources to help you land a great freelance gig.

If you need more recommendations or “one-on-one” assistance, drop me a note. I’d love to hear from you!

Have fun and play nice.

Enjoy the “Freelance Decade”!

Your humble host,

Marc Charles

*** Action Strategy ***
Start researching freelance opportunities!
Don’t put it off.
The truth is…….
Hundreds of thousands of people (probably millions) would love some freelance gigs…just like my friend in today’s article.
But something holds them back….or they’re too busy with other things.
At first, freelance projects won’t be handed to you on a silver platter.
Actually…..I take that back!
I’ve had freelance projects handed to me on a silver platter, without any effort. But that’s because I laid a foundation of contacts and I was ready to “receive” projects without hesitation.
Anyway….if freelance interests you then get crackin! 

Set an objective to secure a freelance project in 7 days or less (then send me a note about your success)

**********Valuable Resources*************
FlexJobs (Excellent)
CraigsList.org (250+ cities, hundreds of freelance opportunities under Gigs category)
Monster Freelance
Post your freelance availability with these great tools:
Google AdWords (link keyword ads to your bio page or blog)
Yahoo! Small Business (keyword advertising)
ExactSeek (prepaid keyword advertising)
Monster (Advanced freelance search)
CareerBuilder (Advanced freelance search)
SmartHunt (Freelance & Contract section)
PaidContent (Freelance search)
Fiverr.com

Recommended Reading:
Get Clients Now by C.J. Hayden
Selling Your Services by Robert Bly

Thursday, October 22, 2015

Absolutely True! How to Build a House without a Mortgage by Marc Charles



How to Build a House without a Mortgage


5:56 AM

Dear Entrepreneur:

I built my first home without a mortgage. I’m on my third one now.

Maybe I’ll write a book on the topic because so many people have asked me about it.

I have the records to prove everything I’m going to show you today. Everything is 100% true, accurate and it’s not a joke.

Show Me How This Works

It would be impossible for me to cover the myriad of details, situations, deals and specifics in today’s issue. So lets’ consider this a brief “overview” of the topic.

I realize it’s hard to build a home without some money. You can barter until you’re blue in the face…but you’ll still need some cash.

If you don’t have cash my suggestion would be to commit yourself to making as much as possible in the shortest period of time.

Heck…..that’s what the Weekend Business Blueprint is all about!

Most people won’t commit to accumulating cash, and stop spending money on new cars, restaurants, vacations, girlfriends, or whatever. In other words, it’s a two-sided coin; building cash and slash spending.

Anyway, the first time I did this I accumulate $50,000 as quickly as possible. I did it by working several side service businesses. My main business at the time was an ad rep agency.

I accumulated $52,000 in nine months; one week and six days….and I kept the money is a separate account.

With cash in hand I was ready to start my adventure of building a house without a mortgage.

Here’s what I did…….

1)    Buy land at a DEEP discount.
People laugh when I tell them how I did this….but it’s true.

In order to keep expenses down my advice would be to forgo overpriced areas. In other words head for the hills and select rural areas. The suburbs are not rural.

I selected a small town in rural Maine. I went to the town office and collected the names of every property owner who owned 20 acres of land or more. I wrote a friendly, slightly humorous letter to each of the land owners, and told them I was only looking for a couple of acre.

Five out of thirty land owners responded. Three of the five offered me overpriced, overvalued oceanfront lots. But two land owners were willing to sell a couple of acres. I acquired the land at a deep discount.

2)    Build It – But Do It CHEAP!
I obtained a site survey before I purchased the land. This will let you know the exact dimensions of a property, and whether or not it will be suitable for sewage, a well, and building, etc.  Everything checked out before I made an offer on the land.

Then I hired a local kid to clear the land, dig a septic tank and a leech field.

I acquired more than a dozen bids. I focused on the bids of people who were honest, trustworthy and willing to put everything is writing. Eight contractors were either unwilling to put everything in writing, or they couldn’t provide legitimate referrals (no relatives). Some of the guys wouldn’t look me in the eyes, and so I dumped them.  I focused on two people….one received the land work, and one received the septic system.

The guy who dug the septic system tried to screw me by adding $4,000 to the final invoice. We had everything in writing, signed and dated. I never paid the “stupid charge” and his lien was thrown out of court.

3)    Build the Foundation.
This is a big deal. If you screw up the foundation you can kiss your home goodbye.

I obtained six bids and chose the one with the most enthusiastic customers and employees.  I always talk to employees.

The foundation dimensions for this particular house were 32’ x 36’ with a daylight basement (cape style).

I was thrilled was the foundation company’s workmanship as well as the owner. The owner was on the job site, actually working, every day.

4)    Cap the Foundation and Complete the First Floor
I found a young, eager, rookie carpenter who offered to work for $20 hour. We found him through a local technical college. Our carpenter won third place in a national carpentry competition (out of 1600 participants).

Half way through this first phase of the project our carpenter showed up with his father. His father explained his son felt thought he was getting ripped off. I explained we had an agreement in writing, which was signed and dated. I was honoring the agreement. His father said his son wanted $30 hour and $10 per hour for his helpers, in order to finish framing the house.

I agreed.

The First $50,000 Spent!

The land purchase, survey, clearing, septic, leech field, foundation and framing for the first floor cost about $42,000 – labor and supplies.

The roof framing and plywood (Adventech) ran $8,000 – labor and supplies.

So the first $50,000 was spent!

Keep in mind, I was still working my businesses and accumulating cash. In fact, by the time this first phase of the house was complete I had accumulated an additional $15,000 for the project…which I placed in a separate account.

5)    Interior Framing and Drywall.
Once the exterior framing and roof was complete (weather tight) we started on the interior framing and drywall. I did this with my wife, kids and friends.

However, I hired a professional drywaller and painter for the first and second floors. We hung all the drywall and the professional did all of the mudding, sanding, painting and finish work.

6)    Interior Plumbing and Heating
The interior plumbing was super easy.

The problem was finding an honest, reliable and trustworthy plumber. If you’ve ever built or fixed a house you KNOW how hard this is to do.

We did some of the basic plumbing ourselves but hired a professional to pull it all together. We chose radiant heat in the concrete foundation and baseboard throughout the house..

7)    Power up!
Before the drywall was complete we wired the house for electricity, Internet (Cat 5) and DirecTV.  We also insulated and set the plumbing pipes.

We had the power company run wires from the main road to our house. We qualified for a special program so we only paid $1,000 to get the power from the main road to our house (400 feet – 35 feet underground).

When the plumbing, heating and wiring was complete, we brought in a freelance engineer and consultant to check everything. Then we “powered up” the systems and everything worked!

The Next $15,000 Spent!

As I said, we did most of the wiring, interior carpentry, laying pipes, general labor, roofing, etc. ourselves and with friends (we paid and fed them).

When it came time to “flip the switch” I spent an additional $15,000.

The next phase of the projects was the interior finish carpentry, floors, tile, carpet and miscellaneous.

Again most of these projects we did ourselves, with the exception of building stairs, finish carpentry, siding and finish drywall and painting.

I spent about $22,000 on labor and supplies in these areas.

The approximate grand total for this particular house was $87,000.

We lived in the house part time as it neared completion (and even wintered in our other home in Florida).

There are some things which still need to be completed such as a deck, finish landscaping and additional interior finish work.

But this entire house was built over a three year period, without a mortgage, for less than $100,000. The house was recently appraised at more than $325,000!

I own the house free and clear, there’s no mortgage or debt on the property whatsoever.

And it’s located in one of the most beautiful areas in the United States….so it CAN be done!

Your humble host,

Marc Charles

(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He should be known as "The King of Legitimate Business Opportunities"...because he's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)

*** Action Strategy ***
Want to build a house without a mortgage? 

How about gaining access to a secret world of “comps”, DEEP discounts, VIP treatment and cash?

What Are People Saying About Marc Charles?

Marc has an uncanny ability for spotting profitable trends and creating businesses around them.  He’s a simple guy, making a ton of money for a lot of people. 
                                                                                                                        R Fung

I’ve saved thousands of dollars because of Marc’s unique recommendations and insight. Marc’s a true “deep discount” maverick and entrepreneurial genius.

                                                                                                                        Susan C

*** Valuable Resources ***

Find deep discount carpenters, plumbers, electricians and painters at local trade schools – Trade Schools Guide

Find deep discount land by going direct to owners. Town office tax map directory. Google property tax maps for your local area.

Find honest, hardworking people for all kinds of physical labor and work at Manpower and HireAHelper.

Find people to help you on CraigsList (we used it dozens of times!).
Buy countertops, cabinets, vanities, appliances and building materials at HUGE DISCOUNTS from Green Demolitions.

Buy siding, roofing, flooring and more from Build Direct and save big time. Although these guys are not “discounters”, you can save a lot of money when compared to Home Depot, Lowes or WalMart Superstores.

Sunday, October 18, 2015

New Cash Flow Notes Update by Marc Charles

9:02 AM
 
Greetings!
I received three questions via email the other day on this topic. So I'm reposting an article I wrote last year that is still relevant.
 
Enjoy.
 
Marc

The Truth About Cash Flow Notes


Question: Dear Marc, I heard your interview on Internet radio recently, (which was great by the way!). I missed the segment where you talked about how the little guy can make big money with cash flow notes. Can you explain it?
                                                                   
D.P. Anna Marie Island, FL


Dear DP:


Thanks for your question.

I’ll explain the little-known secret in a second.

I know three entrepreneurs making money with cash flow notes. So this is NOT a pie-in-the-sky theory.

Here’s some background on this opportunity so everyone can benefit.

The competition for “cash flow notes” is fierce. But that’s a good thing.

In my experience, any time you have heavy competitive the money is often lucrative.

Think about iPhone apps, SEO, security software, carpet cleaning, window washing, car rentals, and handyman repairs. These can be very lucrative even in a sluggish economy.

But there’s a right way and a “hard way” to do things.

The note market much larger today than it was five or six years.

This is partly due to the economy and the collapse of the real estate market. Cash flow notes thrive in this environment because people are forced to get money fast.

Cash Flow Notes Tutorial

Most of the time, people on the inside track always land the best notes.

These insiders are usually: 1. seasoned note investors 2. Bankers 3. Real estate lawyers (and judges)

I'll show you a short cut and how to find the best cash flow notes.

You’ll also need to find qualified buyers or sellers.

There are only a couple of things you need to know to be successful in this market.

What is a cash flow note?

Cash flow notes are IOUs.  They are an agreement to pay someone a specific amount of money, with interest, over a specific period of time.

The most popular cash flow notes are commercial and residential “paper” (also known as a mortgage).

There are cash flow notes available in almost every conceivable real estate investment. Most (but not all) cash flow notes are secured with a title deed.

But the neat thing is you can find cash flow notes for everything from accounts payable, structured settlements, royalties, leases, pre-construction deals, and more.

I’ll focus on real estate cash flow notes in this week’s issue.

Here’s an example of a simple cash flow note…

The Johnsons sell their $250,000 home with owner financing.

The Johnsons ask for $25,000 down and finance the balance of $225,000 at 10 percent interest. The Johnsons receive monthly payments on this “note” until it’s paid off.

That’s where the “cash flow” part comes in.

An entrepreneur calls the Johnsons and offers them $220,000 for the note on their home. The Johnsons agree. The entrepreneur buys the note and resells it to another buyer who is willing to pay $225,000 for it.

The first entrepreneur keeps the $5,000 difference and the Johnsons get $220,000.

This process is contingent upon locating note sellers and brokering a deal for each note to willing buyers.

In the real world…which is how I look at business opportunities…. it takes a lot of time, energy, and money to build a network of qualified cash flow note sellers and buyers.

But entrepreneurs are making money in this business.

What’s more, there’s an established network of entrepreneurs already doing these deals… they’re called bankers, lawyers, judges and real estate investors!
A Little-Known Cash Flow Secret

One secret to “winning” in the cash flow business is target marketing.

Who would’ve guessed direct marketing is a key?

But it’s logical. You need to find and reach qualified cash note sellers.

Cash note sellers are typically home owners, business owners, and other real estate investors who have provided financing to buyers.

One of the best ways to reach a large targeted audience quickly (if you don’t have an established in-house list of contacts) is with TV.

That’s right - television.

Stay with me now… it’s not as expensive as you might think.

You see…the guys selling cash flow note business opportunities on late night TV are selling kits and packages. But the smart entrepreneurs are building online networks of buyers and sellers and taking a percentage of every deal.

This business is NOT dependent on TV advertising, or a huge advertising budget.

And you don’t have to build a huge network of buyers and sellers to make money.

I just wanted to show you how some smart entrepreneurs are making money in this business.

And believe it or not you can advertise on TV in a small geographic area for very little investment, and reach a nice audience.

Cable and satellite TV advertising is down big time. Therefore, cable and satellite TV channels are willing to make incredible deals on advertising.

For example, you can target more than 1 million late night viewers in New York City with a “spot ad” for under $2,000. This was unheard of five or six years ago.

Check out National Cable Communications – they specialize in “spot” commercials.

You can even setup spot TV commercials with Google TV Ads.

And don’t worry….you don’t have to pay actors or film crews to get your commercial done. There are companies offering pre-made spot TV commercial packages, such as Spot Runner, Inc.

I heard Spot Runner was having some trouble financially, so proper due diligence is in order. But you’ll others in this space...just Google “cable TV spot ads”.

Spot Runner offers TV advertising (and remnant packages) in hundreds of markets across the U.S. and Canada.

The benefit of pre-made commercials is cost savings. You can select from dozens of pre-made commercials and simply add your message, website, 800 number and bingo - instant exposure!

The most expensive part of any commercial is the production - that’s money you have to spend before you’ve made anything. SpotRunner enables you to eliminate a large portion of this expense.

But some marketers prefer making their own commercials.

It’s your choice.

The objective of any marketing is to attract qualified note buyers and sellers.

When you run TV spot ads commercials the objective is to attract note buyers, sellers or both.

You’ll need a list of qualified note sellers… and a list of qualified note buyers.

Then all you have to do is match them up!

Yes…. there is some legwork involved in this business.

What’s more, it’s not entirely free of red tape….(which always makes me nervous).

But the business is fairly simple when you have qualified buyers and sellers.

Your compensation is based on the difference between the seller’s price and the buyer’s price.

If running commercials or larger direct marketing campaigns is too much for you at this point, you can start out small by running promotions in your local paper or on popular local websites too.

Most local newspapers and web portals are desperate for cash and advertising too.

Negotiation is king!

Jerry L., a colleague, generated $45,000 to $65,000 per year the last three years on real estate notes and pre-foreclosure deals by simply running cheap classified ads in small regional newspapers and websites. Cheap meaning $20 to $50 per month!

Newspapers are great source of leads in this business too.

And if you haven’t noticed, newspapers are dropping like flies!

Like I said, newspapers desperately need your business in order to survive… and most of them will offer huge discounts on pricing. But you have to negotiate with decision makers.

Jerry uses a simple website which attracts note buyers or sellers.

If you Google the phrase “cash flow notes” and you’ll find hundreds of simple websites in this market.

Jerry preference is to have one website designed to attract note buyers and one website designed to attract not sellers. He keeps them separate because camps are very different.

Here’s what I’m talking about….

Note sellers need cash now!

Note buyers on other hand are a bit more patient and often have a longer-term objective.

Granted, note buyers usually want to unload notes as quickly as possible for a profit.

But generally speaking note sellers are desperate and need cash now.

When you’re marketing to note sellers you’ll be addressing their fear, uncertainty, desperation, and other survival instincts.

But when you’re marketing to note buyers you’ll be addressing different emotions, such as the excitement of seizing an opportunity.

Whatever marketing approach you use, you’ll want to capture your prospect’s information, such as an e-mail, address and phone number.

There are tons of ways to market this business and capture qualified leads.

But the objective remains the same:

Find viable, qualified sellers and MATCH THEM with qualified buyers.

There are also websites which enable you to find qualified cash flow note buyers and sellers too.

Here are two good cash flow note websites:



I also recommend Tyler “Ty” Hicks International Wealth Success too.

Ty publishes an e-Letter called International Wealth Success.

Believe me, Ty has the knowledge and contacts when it comes to making money with real estate notes and lending deals.

Tyler has written more than 30 books on real estate, business, funding ideas and more. I highly recommend his products.

Tyler Hicks understands the real estate notes better than anyone I know.

A couple of other sources for locating cash flow note buyers and sellers is CraigList, The Note Network and Yahoo! Real Estate.

A New Cash Flow Niche: Making Good Money from BAD Paper

Don’t kid yourself… most real estate businesses require at least some money… or quick access to it.

If you can get your hands on some money or quick access to it, I found a “niche” business opportunity which might provide a nice side business for you.

A good friend exposed this business to me over coffee… and I was amazed what I heard.

Here’s the lowdown …

Have you heard the term “bad paper” before?

It’s simple.

Bad paper is a broken promise to pay by another party.

The agreement or “paper” is usually secured by real estate (or some other asset).

The payor is in default when they fail to pay in accordance with the agreement – and that’s why it’s “bad”.

It’s obvious there’s no shortage of “bad paper” or “toxic assets” in the market today!

There’s another term which you’re probably familiar - it’s called a “mechanic lien”
or “contractor’s lien”.

A lien is filed at the local recorder’s office, the courthouse (or at a town office) whenever a contractor does work on a home and doesn’t get paid.

A lien of $3,000 (this is the average lien amount) on a $200,000 or $300,000 property is very bad.

As real estate values continue dropping to new lows, there’s a boatload of BAD paper.

Here’s how my friend makes money from bad paper…..

1. Grab a list of mechanics’ liens the local recorder’s office. Don’t worry - its public information. Recorder’s offices often make this information available online so you might not have to get up from your chair!

2. Make a list of contractors who have liens on properties. Make another list of the homeowners’ or business owners’ addresses. Let’s say you find a roofing contractor who has lien on a homeowner’s property for $1,500 (because of a failure to pay the balance for work performed)…write his name and the homeowner’s name down.

3. Now send the contractor an unsigned check for HALF of the amount of the lien. My friend uses a window envelope. Using my example in #2 the check would be for $750. You could a note with the words “I’ll send you this check today” or something to that effect. My friend said 90% of the contractors accept the offer! After all, half of the money right now is better than none of it ever!

4. Now, contact the homeowner and inform them of the seriousness of the lien. You could mention you are entitled by law to all of the collection costs. In most states, you are entitled to include “collection costs” of up to $1,500 to satisfy a mechanic’s lien.

In this example, you could charge $750 for collection costs. So, in this example the total amount owed by the homeowner is $2,250 (the $1,500 lien plus a $750 collection fee).

5. Finally, you present an offer to the homeowner to settle the lien for HALF of the amount due.  In this example it would be $1,125. Your letter should be useful and accommodating – there’s no need to threaten a lawsuit.

My friend helps the homeowner or business owner understand a lawsuit will be filed if the lien is not satisfied. You can remind the homeowner or business owner most mechanics’ liens are satisfied in favor of the contractor or supplier.

In most cases, the homeowner will agree and write you a check for $1,125.

6. Lastly you write a check to the contractor for $750. You get to keep the difference of $375. ($1125 - $750) This is your profit.

Granted, this is a simplified example. Most contractors’ liens are considerably larger than $1,500.

The SECRET to Making Good Money on “Bad” Paper

If a contractor has not been paid for services rendered he or she can file a lien against a homeowner or business.

When someone has a lien on their property they are unable to sell it or make changes to it. The lien can also show up in credit reports and other publicly accessible documents.

A contractor simply wants to get paid. A homeowner or business owner wants the lien and problem (contractor) removed.

An entrepreneur like you can “fix” the problem by offering the contractor half of the value of the existing lien, and the homeowner or business owner with a way out at a reduced cost (and avoiding court action).

When the contractor accepts your offer for half the amount (paid immediately), he or she willingly removes the lien from the homeowner and business owner’s property.

For an entrepreneur in this business, there are only two forms / sales letters which need to be mailed, and maybe a phone call or two.

What's more, in larger cities and towns hundreds of liens are filed each and every month - and this is where the opportunity exists.

Obviously, there’s room to work your deals up or down.

Making money on bad paper is a unique side business - especially if you’re already doing real estate deals.

The downside is if the homeowner or business owner has a problem with the work that was done - or with the supplies that were delivered. But you can determine this before risking any time on the deal.

It is fairly simple to determine if a homeowner has a valid “counter-claim”.

A homeowner or business owner will be required to provide viable “proof” of shoddy workmanship, or proof work was never rendered.

Granted, homeowners or business owners often have complaints against contractors. Unfortunately the law often sides with the contractor or provider of services.

In most cases, 90 percent+ according to my friend, liens are settled quickly and easily without going to court.

Surprise Cash Flow Niche!

There’s a surprise niche in the cash flow business almost no one pursues.

It’s called mobile home paper.

I’m not kidding.

When you search this term on Google, you’ll find a ton of information on the topic.

Mobile Home Paper Cheat Sheet

Almost every real estate investor, speculator, and developer considers mobile homes the bottom of the barrel.

Whether this is true or not is irrelevant.

As an entrepreneur you can make money in this market.

What’s more, there’s more than enough “bad mobile home paper” to go around!

If someone is at risk of losing their mobile home to the bank because of a hardship or bankruptcy, you can offer to buy their note (at a discount of course).

Then you can rent the mobile home to the homeowner, refinance the deal, or do a combination of both.

One of the reasons I like this niche business is because mobile homes are relatively inexpensive.

In fact, I located more than a dozen mobile homes (in fairly good condition) in my neck of the woods for less than $50,000 each.

In some cases, the deals were contingent upon moving the mobile homes from a park or land. I think this is common problem in this market.

But the reality is mobile homes can easily moved and set up in a park or on land for $3,000 or less (and everything is negotiable).

Anyway, mobile home paper is a great niche in the cash flow note market.

I hope that helps!

Please send or post your feedback on my article today. We want to make Weekend Business Blueprint even better in 2012. Your thoughts and insight will help us do it.

Regards,

  Marc Charles



 Valuable Resources:

Cash Flow Note Websites






First National Acceptance Company (buys and sells cash flow notes)
The Note Investor (Buy, sell and learn)