Get Off Your Assets!

There is a book out called “Stop Sitting on Your Assets: How to Safely Leverage the Equity Trapped in Your Home and Transform It Into a Constant Flow of Wealth and Security” (Hardcover) by Marian Snow.

I don’t necessarily recommend everything in the book for everybody out there with a home, but the title caught my eye.

It really got me thinking about how many people dream about making big money in real estate, but think they can’t b/c they don’t have cash. We live in a world of fear, distrust, and worst of all, a follow the herd mentality. From this recession, will come more self made millionaires, who started with very little, than from any other era or world situation in our lifetime. And it is not necessarily the rich who get richer – it is the people who seek advice and expertise, and think out of the box.

There are many people who don’t have cash in the bank to simply pay up front for an investment property, but they are sitting on tons of equity that they can leverage.

To raise a point that Robert Kiyosaki talked about in his book “Rich Dad..Poor Dad” - there is good debt and there is bad debt.

Bad debt is when you borrow money to buy thing that lose money, don't go up in value, or cost you to keep.

Good debt is borrowing/leveraging money to by an asset that increases in value and/or provides cash-flow for you. In my case, we help find investors find properties that will provide both (cash-flow and appreciation in value).

Last year (2008) we had investors refinance their home, buy a U.S. property with the cash, and the cash-flow from the investment property, not only covers ALL expenses to carry that property, but it also covers their increased mortgage payments (if their payment has in fact increased) ... AND it provides extra cash-flow/profit for them to save/spend/invest. While the cash-flow from the property covers all costs and pays the debt-service, the capital value of the house has ALSO gone up 10% in one year. Some investors have realized over 150% ROI last year.

If you want more details on how you can do this, (find additional monthly cash-flow), own an asset that goes up in value, and pay off your debt, then give us a call:

Tel: (905) 364-5250
Toll Free Tel: (866) 966-0516