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How to Make Nothing but Money: Discovering Your Hidden Opportunities for Wealth

1 rating: 5.0
A book by Dave Del Dotto

Clear planning plus persistence can take you "all the way to your ultimate dream of financial independence," according to TV financial guru Del Dotto in this fact-packed guide to often-bypassed roads to riches. His strategy is to buy distress-priced … see full wiki

Tags: Books
Author: Dave Del Dotto
Publisher: Warner Books
1 review about How to Make Nothing but Money: Discovering...

How to Make Nothing But Money by Dave DelDotto

  • Sep 1, 2003
Rating:
+5
I purchased this work at least a decade ago or more. It has been
helpful in identifying foreclosure properties in real estate.
Buyers need to do the detailed investigatory work prior to
purchasing a property. In addition, it is to your advantage
to get involved with some of the fix-up jobs yourself. There
are government programs i.e. Title I loans available to help
get low cost money to cash-poor property buyers. Dave also
describes the vast auction market where it is possible to
obtain merchandise at a fraction of the cost. I have benefited
personally with regard to identifying merchandise for literally
pennies on the dollar. There are tremendous deals out there
for buyers making purchases at estate sales-particularly
if you have cash in hand. You need to obtain the services
of a good home inspector if you are to purchase a property.
It pays to hire someone knowledgable because they will advise
you with regard to potentially dangerous structural problems
and items requiring expensive repairs. It pays to make a trip
to the municipal inspector's office to look at the property
folder. This will contain many details such as major
repairs, fires, citations and a whole host of problems
that the seller may not readily admit to initially.
Now is a good time to buy because interest rates are low and
the government has many meritorious programs available for
first-time buyers, teachers/educators, disabled persons,
retirees and a whole host of constituencies. Matthew Lesko
publishes some complementary books on government grants
which may be helpful to you. Dave Del Dotto describes a
wealth of opportunities available in tax lien or certificate
sales. Sometimes an investor can secure the entire property
for pennies on the dollar. This general area will require
some in depth study; however, the payoff is worth the investment
in time and money. Analysis paralysis can be a problem.
When you've located a good deal-act on it because others
may secure the opportunity while you are still contemplating
whether or not to take the plunge.

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