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Bill Gatten
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Your Plan of Action
Have You Any Idea What It is That You Truly Want at This Point in Your Life? Have you ever honestly sat down with pen in hand and pondered that question? Is it wealth that you want? Is it income? Is it financial security, fame or respect? Or could it be that all you really …
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To Be Rich, Simply Stop Doing What Poor Folks Do
I don’t mean to sound maudlin or too “new-agey” here; but the one bit of magic that I have managed to glean from my more than half-century-plus on this wobbly little planet of ours (OK four-fifths, then), is that WE as individuals are absolutely in-charge. We are not only in charge of our own destinies, …
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The Motivated Seller and the NARS Pactrust
For whatever it may be worth, here’s what I do, and what I recommend that other Investors do. Although some may not be interested in acquiring “holders (property to be owned for a longer period of time).” I see holding as an opportunity to earn potentially larger profits in the future, versus picking up the …
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The Limited Liability Company…The Time is Now
The pros and cons of forming limited liability entities such as Limited Partnerships, Family Limited Partnerships and Limited Liability Companies is a much discussed topic these days. It is this latter device, the much misunderstood “LLC,” which is the newest, though less notorious, least used, and arguably the most straightforward and valuable of them all. …
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Getting Started
“I’ve done what you suggested, but I just can’t seem to convince myself to push the rock over the cliff!” This allusion refers to one’s being in a quandary as to whether to jump off a cliff into the river below in order to escape rapidly approaching bands of drunk Indians intent on mayhem. My …
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Diary of an Equity Holding Trust Transaction
March 13, 2000: Received a call from my “I Buy Houses, Full Price, All Cash or Terms” sign. The caller, Mr. Brown, has house worth $150,000 with a $154,000 loan on it. He says he’s seeking someone to take over his payments. I asked how much work needed to be done. He says maybe $10,000. …
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Choosing An Attorney
A caution to always seek out the advice of a competent attorney before “trying this at home” is always good advice, but I find it difficult to proffer truly good (nonlegal) advice on the subject of seeking the right attorney with regard to the PACTrust or land trusts in general. In fact, I find myself …
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Bad Credit, No Cash — End Of The World? No Way!
Can you buy real estate and get wealthy despite having ‘No,’ ‘Marginal’ or even ‘Bad,’ Credit? How about compounding the problem by having no cash either? The answer is a resounding “Yes”: but only if you have lots of other stuff: drive, determination, sincerity, maturity some modicum of sales ability and a burning desire to …
