The Couple Who Sold 300 Million Toys Reveal A Brutal Truth About Success

flip.it/.AvQD9   Richard and Betty James had a great idea. But they had one thing that was even more important.  As Inc. colleague Bill Murphy, Jr. tells the story in a recent edition of his excellent daily newsletter, Understandably, in 1943 Richard James was working on a way to use tension springs to keep instruments on ships in place when they encountered rough seas.  One day he accidentally dropped one of his springs. The spring "stepped" down a shelf, ...

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STEP #3: BUYING THE BEST MONEY MAKING INVESTMENT RENTAL PROPERTIES

INVESTMENT RENTAL PROPERTIES CAN MAKE YOU A MILLIONAIRE! Good news - there are great investment properties out there, you just need to find one. Here are five key steps to finding that great investment property:First find a Great Location  Show Your Ability to Pay for the PropertyIdentify the Type of Property and How Much You Want to SpendHire the Right Real Estate AgentInternal Rate of Return >10% FIRST FIND ...

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STEP #2: IT’S ALL ABOUT THE LOCATION SILLY

IT’S ALL ABOUT THE LOCATION SILLY Over the past 30+ years, I have purchased seventeen investment properties.  Some HORRIBLE (I sold) and some great (Still Own).  Here are my lessons to help you find a great location that generates high rents and above average long-term returns. FINDING GREAT RENTAL PROPERTY LOCATIONS  WOULD YOU LIVE THERE?   WOULD YOU LIVE THERE?  I made the mistake of buying five properties, I would never voluntarily live.  Yep, I sold those five, AT ...

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LEVERAGE FOR LACK OF A BETTER WORD IS GOOD!

In the 1987 movie, Wall Street, actor Michael Douglas as Gordon Gekko, said, "Greed, for lack of a better word, is good."  The reality is  greed wrecked our economy causing the 2008 Real Estate and Stock Market recession!   Greed may put some Kodak Company executives in prison for alleged insider stock trading.  So, let’s replace the word greed with LEVERAGE. Leverage/Debt is a powerful tool, when SMARTLY utilized in real ...

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A BRICK-MASON’S JOURNEY TO BECOMING A  MILLIONAIRE!

   I grew up in small southern town in North Carolina (NC) where there were more  chickens than people. In High School, my classmates self-divided into two groups being those who applied to college and those who wanted to immediately work after graduation.  Since birth I heard, “you are going to college OR ELSE” so I applied to college and graduated with a degree in Chemical Engineering.  One of my classmates ...

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2020 WAS THE RIGHT TIME TO INCREASE MY REAL ESTATE PORTFOLIO BY $1 MILLION

  COVID - 19 has drastically reduced tax revenues while also increasing the expenditures of: Cities, Counties, States and the Federal Government.  So what are the plans to close the Billions in gaps?  Look in the mirror!  Politicians tend to stick to their tried and true option of RAISING OUR TAXES.   In anticipation of high taxes climbing and the escalating violence in some cities; thousands of homeowners are fleeing the highest ...

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