Carleton Sheets is Hot!
Mention real estate investing and the name Carleton Sheets immediately comes up. He has been called Mr. Real Estate. Carleton Sheets is uniquely qualified to discuss real estate investing. Not only is he seen by millions of people via his highly successful informercials, he has also amassed a forune investing in real estate.
This is an source for anyone desiring to purchase
a property as either a first home or a vacation home. The purchase
of a property on "nothing down terms" requires a lot of very
meticulous verification work. Carleton's book points out all of
the opportunities and pitfalls. Basic terms are defined clearly.
Carleton reviews the "nothing down" techniques for acquiring
a property utilizing other peoples' money. There are various
ways to accomplish these techniques. For instance, suppose
you locate a motivated seller who will give you a note for
a portion of the purchase price. Assume that the house has a
loanable value far in excess of what you will be paying.
In this case, you can acquire a house with nothing down
because the financial institution is well-protected by the
value of the home. In estate sales, you can acquire the
contents of the home , as well as the home. In foreclosures,
the seller (usually a financial institution) is looking for
someone to assume the mortgage so that the monthly maintenance
costs will no longer be assumed by the bank. Sometimes,
you can literally roll over a property by acquiring it and
selling it immediately at a much higher price. There are
government homesteading programs wherein the government
will give you the property just for living in it for a period
of time. There are special programs which provide 50%
discounts for teachers and special discounts for the disabled.
Carleton Sheets covers most of these programs in his works.
In addition, he sells a "Nothing Down" series of workbooks
which outline the process on pre-designed worksheets.
The HUD (Housing and Urban Development) Website has a description
of many of the government programs. There are special programs
for veterans and the home-business utilization of a property.
Due to the favorable foreign exchange rate, homes in Canada
are cheaper. Carleton's book on "Real Estate-The World's
Greatest Wealth Builder" is a good place to start investing
in real estate. When you look at a property, you should bring
an experienced plumber and electrician to advise you on
the applicable code. In addition, keep in mind the structural
requirements in a house. Money spent on an experienced
"home inspector" is money well spent. The government has
low cost earthquake insurance for homes in earthquake zones.
Lastly, you should look at the town or county inspector's
books in order to find out about previous violations,
fires and other reportable events on the property. Real Estate
is a good investment because the social security allotment
will not cover everything in your retirement. In addition,
people change jobs and the pension vesting is not always
continuous. Real Estate can help you to make up the difference
in your personal investment portfolio and planning.
In instances where a house requires fixing, the HUD provides
Title I loans up to $15,000 for fix-up expenses. These loans
are at a very low rate of interest.
Carleton Sheets gave me the confidence to buy my first home. I borrowed my dad's credit (I had no established credit history) and used my credit card cash advance of $2350 to come up with the down payment. I rented the 4bed 2bath 1gar house out for $1000/month and a deposit of $850. No payment on the home was due for over a month from purchase, so all rent went to pay my card. Then rents came due again with a cashflow of $400 to pay the rest of my card. That house, 4 years later, is earning me $600 per month like clockwork. Don’t pass up the opportunity to earn an extra $7200 per year, and don’t forget about the tax savings. I would highly recommend you either read this book to start or order his course. It has secured my financial future.
I Highly recommend Carleton sheets be given strong consideration
Return to the Home Page