Strategies

Here are the forty strategies listed in the order they appear in the book:

STRATEGY #1: CONVERT THE ''DEAD MONEY'' YOU HAVE IN HOME EQUITY INTO USABLE CASH.

STRATEGY #2: USE LEVERAGE TO CREATE WEALTH.

STRATEGY #3: KEEP YOUR MONEY OUT OF THE BANK'S HANDS. NEVER PAY OFF YOUR MORTGAGE—NEVER!

STRATEGY #4: FIND A MORTGAGE FIRST, THEN FIND THE PROPERTY.

STRATEGY #5: STOP THINKING THAT BEING DEBT FREE IS GOOD.

STRATEGY #6: LET THE MONTHLY MORTGAGE PAY-

MENT DETERMINE YOUR CHOICE OF MORTGAGE, NOT INTEREST RATES.

STRATEGY #7: DEVELOP CLEAR-CUT OBJECTIVES FOR USING THE CASH YOU WILL DRAW OUT OF YOUR PROPERTY.

STRATEGY #8: LET YOUR PROPERTY APPRECIATE IN VALUE; THEN EXTRACT (HARVEST) THE CASH FROM IT.

STRATEGY #9: WITH THE CASH YOU SAVE BY PAYING A LOWER MONTHLY MORTGAGE PAYMENT, LOOK FOR WEALTH-CREATION STRATEGIES THROUGH REAL ESTATE VENTURES.

STRATEGY #10: MAKE MINIMUM MONTHLY MORTGAGE PAYMENTS AND NEVER MAKE EXTRA PAYMENTS.

STRATEGY #11: LEARN AS MUCH AS YOU CAN ABOUT MORTGAGE PROGRAMS. IF YOU DON'T, YOU WILL PAY A HEAVY PRICE FOR NOT DOING YOUR RESEARCH.

STRATEGY #12: USE LEVERAGE TO CREATE ''GOOD'' DEBT.

STRATEGY #13: BE DISCIPLINED WITH YOUR NEW USABLE CASH; DON'T FRITTER IT AWAY ON BOATS AND VACATIONS.

STRATEGY #14: EXPLOIT THE FLEXIBILITY OF NEW SMART LOANSTM BY VARYING YOUR MORTGAGE PAYMENTS FROM MONTH TO MONTH.

STRATEGY #15: INVEST YOUR NEW ''USABLE'' CASH IN COMPOUND ACCOUNTS—THAT'S HOW TO BUILD WEALTH.

STRATEGY #16: NEVER PAY OFF THE PRINCIPAL IN YOUR MORTGAGE.

STRATEGY #17: CHOOSE AN INTEREST-ONLY LOAN, AND HAVE THE ABILITY TO PAY OFF YOUR MORTGAGE FASTER THAN WITH A MORE CONVENTIONAL LOAN.

STRATEGY #18: IF YOU PLAN TO LIVE IN YOUR HOME FOR ONLY A BRIEF AMOUNT OF TIME OR LONGER, CHOOSE AN INTEREST-ONLY MORTGAGE. STRATEGY #19: TO PURCHASE A LARGER HOME WITH A LOWER MONTHLY MORTGAGE PAYMENT, CHOOSE A NEGATIVE AMORTIZATION MORTGAGE. STRATEGY #20: IF YOU KNOW THAT YOUR INCOME WILL INCREASE DRAMATICALLY IN THE NEAR FUTURE, CHOOSE THE "NEGAM" MORTGAGE OPTION.

STRATEGY #21: SELECT A NEGAM MORTGAGE IF YOU WANT TO INCREASE YOUR CASH FLOW IN THE SHORT RUN.

STRATEGY #22: USE TENANTS IN COMMON AGREEMENT IN ORDER TO MAKE IT EASIER TO USE 1031 EXCHANGES AND COST SEGREGATION ANALYSES. STRATEGY #23: USE TENANTS IN COMMON OPTION TO GET TAX-SHELTERED CASH FLOW. STRATEGY #24: USE A 1031 EXCHANGE AND AVOID PAYING CAPITAL GAINS WHEN SELLING PROPERTIES.

STRATEGY #25: SELECT A 1031 EXCHANGE TO ACQUIRE A MORE VALUABLE PIECE OF REAL ESTATE THAN THE ONE BEING SOLD. STRATEGY #26: BE AN INVESTOR, NOT A DEALER. STRATEGY #27: USE THESE STRATEGIES ON MULTIPLE PROPERTIES.

STRATEGY #28: TO SHELTER LARGE AMOUNTS OF

MONEY FROM TAX LIABILITY, ENGAGE IN A COST SEGREGATION STUDY.

STRATEGY #29: TO DEFER THE MAXIMUM AMOUNT OF INCOME TAX, COMBINE COST SEGREGATION ANALYSIS WITH A 1031 EXCHANGE. STRATEGY #30: MAINTAIN FOCUS. STRATEGY #31: AVOID BECOMING A JUMPER.

STRATEGY #32: SURROUND YOURSELF WITH PEOPLE WHO ARE SMARTER THAN YOU ARE.

STRATEGY #33: DON'T BE CHEAP. STRATEGY #34: DON'T BE AFRAID OF LITIGATION. STRATEGY #35: MAKE SURE YOU CAN HANDLE THE RISK.

STRATEGY #36: ANALYZE A PROPERTY BASED ON TIMING.

STRATEGY #37: DO YOUR DUE DILIGENCE.

STRATEGY #38: TALK THE TALK AND WALK THE WALK.

STRATEGY #39: EXPAND YOUR THINKING—USE THESE WEALTH-BUILDING STRATEGIES TO REACH MORE THAN ONE GOAL.

STRATEGY #40: DON'T SELL PROPERTIES; TURN THEM INTO INVESTMENT PROPERTIES.

APPENDIX B

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Real Estate Investment Secrets

Real Estate Investment Secrets

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