Real Estate Tips - Advice Article

HOW TO RAISE $250,00 IN 24 HOURS

Many people have had opportunities presented to them
where quick cash was necessary. However, most people
are unable to take advantage of these great opportuni-
ties because they lack the money or access to
sufficient money.

A simple procedure is available whereby you can generate
cash within 24 hours. The process is easy and quick and
requires that you first make the preparation and lay the
groundwork for the plan.

We call this the Round Robin Technique. We graciously
acknowledge Mark Haroldson for disclosing this technique
to us back in the 70's for Real Estate Investing. Here
is how it works.

Go to ten banks and tell the loan officer at each bank
you want to borrow $1000 for 30 days. If they do not
want to do this based on your signature alone, tell them
you wish to borrow the amount and then make a Certificate
of Deposit in their bank for the same amount. At the end
of the 30 days, use the CD's to pay off your loans.

Then wait 30 to 60 days and go back to each bank from
which you borrowed the original $1000. This time request
a larger amount depending on what you think the bank will
loan, say $5000, on your signature alone. If they refuse,
use the CD approach. Now if each bank approves a $5000
loan you will be able to raise $50,000 the second time.

Continue this step-by-step process. Each time go to the
bank, ask for larger amounts and longer pay back periods.
NEVER spend the money. Always put it in a savings account
at another bank. This way at least one or several banks
will see your savings grow after you make the loans. When
they ask what you are doing to make the money, tell them
"it is confidential". It is none of their business.

What you are doing is establishing a millionaires credit
rating by the process of reputation. That is, you always
pay back the money when it is due, and by being prompt
combined with the number of loans you've made and PAID,
you will have established a very powerful credit rating
and relationship with the institutions.

In about one year after using this process, you should
be able to borrow $25,000 from each bank on your
signature alone. Using ten banks in this plan, you will
be able to borrow up to $250,000 on your signature in as
little as 24 hours.

Now that's 10% down on a $2,500,000 income producing
property! With your newfound cashflow machine, surely
you can pay back the loan.

Stephen R. Renfrow, Freelance Writer and Director of the Home Biz Network [HBN]. Subscribe to the "H.B.N. EZINE" Privy information for the SOHO Professional http://www.homebiznet.nu/ezine/index.html

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