How I Made My First Big Pay Day in Real Estate

Real estate is a Last Frontier where an entrepreneur with very little capital and the right preparation can earn Big Pay Days right from the start. This Beginner's Guide draws from the personal in-the-trenches experience of Philip Elmes, for over 40 years a professional real estate broker, syndacator, developer and rehabber. Topics include: • Why Entrepreneurship trumps conventional investing every time; • "When Sales Are Slow, Try Buying," (it's what smart investors do); • finding and raising "private money" (OPM) for your deals; • the down side of "flipping" real estate; • what to look for and how to buy distressed, foreclosed properties; • income and tax issues; and much more. Each discussion or section concludes with Action Steps you can take to get your program underway. Supplements offer guidance in finding and contracting to buy project properties, preparing a Personal Financial Statement and Business Plan, and aids in developing and executing a Marketing Plan. A practical, Real World guide to building a successful, sustainable real estate portfolio and business. #