jay morrison - hip hop 2 homeowners

7/26/2019 Jay Morrison - Hip Hop 2 Homeowners

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Hip Hop 2 Home Owners

H ow W E B ui ld W ea lt h i n A me ri ca !

B y M r. R ea l E st at e- Je rm ai ne Ja y M or ri so n Co py ri gh t 2 01 2 A ll R ig ht s R es er ve d.


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P u b li s he d b y :

J e rm ai n e " J ay " M o rr i so n

F ou nd er & C ha ir ma n o f t he N o H ome L ef t B eh in d F ou nd at io n

C re at or & N at io na l S po ke sm an f or t he H ip H op 2 H om eo wn er s T ou r www.HH2H.net

S a le s A s so c ia t e/ R ea l E s ta t e C on s ul t an tPr o m in e n t Pr o p er t i e s/ So t he b y ' s I n t e rn a t i on a l R e a lt y1 60 8 L em oi ne A ve nu eF or t L ee , NJ 0 70 24

I S BN # 9 7 8- 0 -9 8 51 3 32 - 0- 7


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Dedications

I d e d i c a t e t h i s b o o k t o m y m a k e r , m y L o r d a n d Sa v i o r J e s u s C h r i s t , f o r a l l o w i n g

m e a s ec on d c ha nc e a t m y P UR PO SE .

A l so , t o t h e b e st m o th e r E V ER , L a ur i e M o rr i so n ! M y t w o p r ec i ou s d a ug h te r s,A na ja h J an ae an d L on do n J ay , I d o "t hi s" f or t he m.

L a st l y, I d e di c at e t h is t o t h e f or g ot t en y o ut h . T h e k i ds t h at e v er yb o dy c o un t so u t , a n d t h i n k s t h e r e ' s n o h o p e f o r . I s a y , p r o v e t h e m w r o n g ! N o m a t t e r w h a t l i f et h ro w s y o u, k e ep f i gh t in g !!


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Disclaimer

T h i s p u b l i c a t i o n i s p r o t e c t e d u n d e r t h e U S C o p y r i g h t A c t o f 1 9 7 6 a n d a l l o t h e r a p p l i ca b l e in t e r na t i o n al , f e de r a l , s t a t e a n d l oc a l l aw s , a n d a l l r i g h ts a r e r e s e rv e d .

P le as e n ot e t ha t m uc h o f t hi s p ub li ca ti on i s b as ed o n p er so na l e xp er ie nc e a ndanecdotal evidence. Although the author and publisher have made everyreasonable attempt to achieve complete accuracy of the content in this book, theya ss um e n o r es po ns ib il it y f or e rr or s o r o mi ss io ns . A ls o, y ou s ho ul d u se t hi sinformation as you see fit, and at your own risk. Your particular situation may notbe exactly suited to the examples illustrated here; in fact, it's likely that they won'tbe the same, and you should adjust your use of the information and

recommendations accordingly.

Any trademarks, service marks, product names or named features are assumed tobe the property of their respective owners, and are used only for reference. Therei s n o im p li e d en d or s em en t i f w e u s e on e o f t he s e t e rm s .

T a bl e o f C o nt e nt s

H ip Ho p 2 H om e Ow ne rs . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . 2

Dedications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

C h a pt e r 1: Y ou O n l y L i v e O n c e? ? ? . . . . . . . . . . . . . . . . . . 18

C ha p te r 2 : I D o T h is f o r My C u lt u re . . . . . . . . . . . . . 24

C h a pt e r 3 : I m a B U SI N E SS , M a n ! . . . . . . . . . . . . . . . . . . 27

Chapter 4: Lord of MY Land!!! . . . . . . . . . . . . . . . . . . . . . . . . 31

C h a pt e r 5 : S c a r ed M o n e y Do n t M a ke N O M o ne y ! !! 34

C h a pt e r 6 : Wa i t T i l I G e t M y M o n ey R i i i gh t ! .. 37

C h a pt e r 7 : Cr e d i t 10 1 , I l l S ho w Y o u H o w T o D o T h i s S ON ! 41

~ Your Credit Report ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

~ Credit Score ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . 44

~ The Dispute Process ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

~ The Secured Credit Card ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . 49


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~ T h e S e cu r e & B o r r ow ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

~ The Credit Agencies ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

Chapter 8: C.R.E.A.MCash Rules Everything Around Me!!! 55

~ PROTECTION CLAUSES ~ . . . . . . . . . . . . . . . . . . . . . . . . . . 56

~ LEASE OPTION ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . 59

~ TRADITIONAL PURCHASE ~ . . . . . . . . . . . . . . . . . . . . . . 62

~ S H OR T S AL E ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

~ CO NT R AC T F O R D E ED & L A ND C O NT R AC T ~ 66

~ GIFT EQUITY ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . 68

~ FLIPPING 101 & 202 / PREREQS ~ . . . . . . . . . . . . . 69

~ T A X L I E NS , W A R RA N T Y D EE D , S H E RI F F S A LE ~ 75

~ LANDLORDING ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . 77

~ COMMERCIAL REAL ESTATE ~ . . . . . . . . . . . . . . . . . 83~ TIMESHARES ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . 85

~ PRE-FORECLOSURE ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86

~ FORECLOSURE SALE ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89

Chapter 9: Lets GET IT! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91

~ NEWSPAPERS ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93

~ F S BO & R E A L TY ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . 94

~ L E AD S I TE S ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . 95

~ B IR D DO G S ~ . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . 97

Chapter 10: Its All About The Flip Game! ... 99

C h a pt e r 1 1 : I m a B O S S I C a l l t h e SH O T S ! . 101

~ AGENTS ~ . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . 102

~ M OR T G AG E P RO ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104

~ APPRAISER ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . 105

~ T IT L E A G E NT ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106

~ INSPECTOR ~ . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . 107

Chapter 12: Grand Opening, Grand Closing! ... 109

Resources . . . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . 111

Thank Yous . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . .. . 126


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As you already know, its often hard learning something from a book when thea u t ho r k n ow s n o th i n g a b o u t y o ur l i fe s ty l e. W h en y o u f i na l ly f i n d t h a t b o ok ,a n d a n a u t h o r w h o g e t s i t , y o u c a n e x p e r i e n c e h o w e a s y a c o n c e p t i t i s t olearn.

PREFACE

A l l ow M e t o R E -I N TR O DU C E M y se l f

I h av e a f ri en d t ha t t ol d m e t hi s s to ry o ne d ay . H e t ol d m e a bo ut h is b ro ke nc hi ld ho od g ro wi ng u p o n g ov er nme nt a ss is ta nc e, f oo d s ta mp s, f ree s ch oo llunches, and Good Will clothes for Christmas. He also spoke about his step fatherw ho w as a h er oi n a dd ic t a nd c on st an tl y v io le nt a t h om e. M y f ri en d, b ei ng t heo l d e s t o f f o u r s i b l i n g s , w a s d e t e r m i n e d t o m a k e t h i n g s e a s i e r f o r h i s m o m w h og a ve e v er y e f fo r t t o c r ea t e a l o vi n g e n vi r on m en t i n a n o t he r wi s e d y sf u nc t io n alhousehold.


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T h e o n l y o p t i o n s Sc h o o l g a v e h i m w e r e t o g r a d u a t e h i g h s c h o o l , a t t e n d c o l l e g e ,a nd g et a " go od " j ob o ne d ay . T h e o nl y o pt io ns h is c ul tu re g av e h im w er e t od ri bb le a b al l t o s uc ce ss , o r r ap ( wh ic h h e c ou ld n' t d o i f h e t ri ed ). T he re w as ,

h o w e v e r , o n e o t h e r o p t i o n - b e l i k e t h e o t h e r y o u n g g u y s w i t h t h e n i c e j e w e l r y ,pretty girls, and expensive cars. He had no idea what they were doing all day ont h os e co r ne r s, b ut o n e t h in g i s f or s u re - T h ey w er e n' t b r ok e !

O n e d a y i t a l l c a m e t o a b o i l . My f r i en d h a d go t t e n ki c k e d of f t h e ba s k e t ba l l t e am ,l o s t i n t e r e s t i n s c h o o l , a n d g o t t e n i n t o a p h y s i c a l f i g h t w i t h h i s s t e p - f a t h e r . M yf r i e n d h a d h a d e n o u g h ! A t s i x t e e n , h e d r o p p e d o u t o f s c h o o l a n d h i t t h e c o r n e r f u l l t i m e ; h e d e c i d e d h e w o u l d b e h i s o w n m a n . H e w a s a d e t e r m i n e d k i d , a n dwould be seen on the corner all day and all night. Luckily, he did attenda l t e r n a t i v e c l a s s e s , a n d r e c e i v e d h i s h i g h s c h o o l d i p l o m a . R u m o r h a d i t t h a t b y

t h e s c h o o l y e a r s e n d h e h a d m o r e u n d e r h i s m a t t r e s s t h a n h i s t e a c h e r s m a d e i n ay e a r! H e m o v ed u p s o f a s t t h a t b y s e v e n t e e n, h e h a d m o v e d o u t o n h i s o w n a n dtook on the mean streets of Baltimore. His ambition eventually caught up to himo n h i s w a y f r o m p i c k i n g u p a l a r g e q u a n t i t y o f d r u g s i n N e w Y o r k C i t y . A t a g ee i gh t ee n , m y f r ie n d f o un d h i ms e lf b e hi n d b a rs s i tt i ng o n R i ke r s I s la n d, f a ci n gt hr ee y ea rs t o l i fe .

Not only was this my friends first time being locked up, but lucky him, he hit itbig! He told me about his first day in jail downtown Manhattan, in what they callthe Tombs, and the feeling of having his freedom stripped away from him. One

o f t h e m o s t t e r r i f y i n g t h i n g s w a s n o t t h e o b v i o u s p r e s e n c e o f B l o o d s , C r i p s , a n dL a t i n K i n g s - i t w a s t h e c o l l e c t c a l l h e h a d t o m a k e h o m e t o h i s m o t h e r ! Se e m yf ri en ds m om h ad n o i de a h er s on , w ho j us t t ur ne d e ig ht ee n, h ad b ee n s el li ngd ru gs t he l as t t hr ee y ea rs o f h is l if e. T o m ak e m at te rs w or se , n ei th er o f t he mk ne w t ha t t he a mo un t o f d ru gs h e p os se ss ed , a lo ng w it h t he l oa de d 3 8 c al ib er r e v o l ve r he c a r r ie d , c o u l d l a n d h i m i n ja i l fo r L I FE !

If you asked my friend what the experience was like those first days in a one mancell, he would tell you they were HORRIBLE. Not only was jail lonely, but therew a s f e a r o f t h e u n k n o wn c o un t le s s b r o w n a n d b l ac k f a ce s c o mi n g b a ck a n d

f o r t h f r om c o u r t w i th d r u g c h a r ge s , r o b b er i e s , k i dn a p p in g s , a n d e v en m u r de r .D e s p i t e t h i s f e a r , m y f r i e n d w a s c o n f i d e n t h e w o u l d m a k e b a i l , s i t t i n g o n a c o o l$ 3 0 , 0 00 at ag e e i g h te e n . T h e n h i s f a m il y g o t t h e d e v a st a t i n g n e w s t h a t t h e y w o u l dh a v e t o P R O V E w h e r e t h e m o n e y c a m e f r o m ! ! ! T h a t d a y , m y f r i e n d b r o k e t h en e w s t o h i s m o m . H e r o l d e s t c h i l d , h e r f i r s t b o r n , w o u l d n o t b e c o m i n g h o m e .She wept uncontrollably. Not cried, but wept! My friend had broken his mothersh ea rt . T o m ak e m at te rs w or se , h e w as n ow b ei ng s hi pp ed f ro m t he To mb s ,l oc at ed i n t he C hi na to wn s ec ti on o f M an ha tt an , a ll t he w ay t o E as t E lm hu rs t,


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Queens, to the notorious jail called Rikers Island.

R i k e r s w a s a d i f f e r e n t k i n d o f j a i l . F o r o n e , t h e i n m a t e s w o r e s t r e e t c l o t h e s , n o

u n i f o r m s o r j u m p s u i t s . A l s o , t h e r e s e e m e d t o b e n o r u l e s e x c e p t f o r r e d s i g n severy thirty feet that read: S l a s h i n g a n d S t a b b i n g s w i l l r e s u l t i n a m a n d a t o r yeight and a third to twenty five year sentence . My friend immediately knew -this jail was NO JOKE! At the time he arrived, the facility was over booked so hed i d n t g o t o a t r a d i ti o n a l d o rm , b u t o n e t h e y c r ea t e d i n t h e b a s e me n t c a l l e d l ow e r d o r m . R o a c h e s a n d r a t s c o u l d b e c a u g h t e a t i n g t h e i n m a t e s f o o d o n a n y g i v e nn i g h t . H e s a i d h e r e m e m b e r e d j u m p i n g u p o n e n i g h t b e c a u s e h e t h o u g h t a n o t h e r i n m a t e w a s g o i n g t h r o u g h h i s l o c k e r , o n l y t o f i n d o u t i t w a s r a t s e a t i n g t h r o u g hh i s b a g s o f c o m m i s s a r y . H e a l s o t o l d s t o r i e s o f e a t i n g G e n e r a l T s o s c h i c k e n f o r t h e f i r s t t i m e w h i l e i n j a i l a n d h o w o l d e r i n m a t e s t h a t r e s p e c t e d h i m s h a r e d t h e i r KFC that guards from Brooklyn brought in as favors. My friend would almost get

c om fo rt ab le b eh in d t ho se w al ls s om e d ay s, u nt il h e t ho ug ht a bo ut h om e, h isunborn child, his moms tears, fears, and the fact that he was facing three years tol i f e , a n d m a y n o t s e e f r e e d o m a n y t i m e s o o n . H e r e m e m b e r e d h e a r i n g p l a n e s f l yover the jail on the way to LaGuardia Airport, and wishing they would crash intot h e j a i l s o h e c o u l d e s c a pe . T ha t n e v e r h a p p en e d , b u t my f r ie n d d id g e t g o o d n e w s- the Prosecutor agreed to downgrade the charges if my friend would plead guiltya n d a g r e e t o a p r i s o n s e n t e n c e o f o n e t o t h r e e y e a r s . I t w a s n t t h e p r o b a t i o n t h e yh a d h o pe d f o r, b u t i t s u re b e at h a vi n g t h e w o rd s L IF E i n h i s s e nt e nc e !

A ft er s er vi ng o ne y ea r i n p ri so n, h e c am e h om e o n p ar ol e. F or t he f ir st f ew

months he took it easy. During that time, he was introduced to a book titled RichD a d , Po o r D a d b y R o b e r t K i y o s a k i . L i t t l e d i d m y f r i e n d k n o w , t h i s b o o k w o u l dc o m e i n h a n d y l a t e r a n d c h a n g e h i s l i f e FO R E V E R . H e b e g a n t o r e a d t h i s b o o k a n d c o u l d n t p u t i t d o w n . W i t h i n t w o d a y s , h e ' d r e a d t h e e n t i r e b o o k . I n h i s h e a dsomething started to click. He started to feel there was a better way. The seed wasplanted!

T h o u g h c h a n g e d i d n t h a p p e n o v e r n i g h t , m y f r i e n d o n l y k n e w t h e s t r e e t s a n d i tw o ul d b e y e ar s b e f o re t h at s e ed w ou l d m at u re a n d g r o w i n t o i t s f u l l p o te n ti a l.This is what happened One day, many years later, my friends mom was facing

f or ecl os ur e a nd o we d t he b an k o ve r $ 10 ,0 00 ! My fr ie nd , n ow i n h is ea rlytwenties, had one of the flyest rides in the neighborhood - a brand new Lincoln

Navigator. It didnt sit well with him that his mom was in foreclosure, and he wasriding around in luxury. So he sold the car, downgraded vehicles, and paid off hism o m s f o r e c l o s u r e . E v e r s o g r a t e f u l , h i s m o m p r o m i s e d h e r s o n a n i c e p a y d a y i f s he e ve r s ol d t he h ou se . A y ea r l at er s he d id ! A lt ho ug h t he h ou se wa s o nl ypurchased two years prior, it was at the peak of the real estate market, a sellersmarket, and the property appreciated in almost $100,000 in value in less than two


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years. After the realtors commission and attorney fees, my friends mom walkeda w a y w i t h o v e r $ 7 0 , 0 0 0 f r o m t h e s a l e o f t h e h o u s e . T h e e q u i v a l e n t o f a $ 3 5 , 0 0 0s a la r y, j u st f o r l i vi n g in y ou r o w n h o us e ! B oy , o wn i ng s u re d i d be a t r e nt i ng !

T r u e t o h e r w o r d , m y f r i e n d s m o m g a v e h i m a h e f t y p a y d a y f o r h e l p i n g s a v e t h ef a m i l y h o u s e . A c a r e e r d r u g d e a l e r s i n c e t h e a g e o f s i x t e e n , h e f i n a l l y g o t t h e b i gpicture - real estate not only made sense, it literally made CENTS! He saw thepotential to make more in one accidental house flip than most street drug dealersm ak e i n t he ir l if et ime . He f in al ly g ot i t! My f ri en d s ai d h e m ad e a p le dg e t oh i m s e l f w h e n h e w a s s e v e n t e e n t h a t h e w o u l d n e v e r b e p o o r a g a i n , a n d w o u l do nly s to p s el li ng d rug s i f he f ou nd s ome th in g t ha t wo ul d p ro vi de t he s amec o m f o r t a n d l i f e s t y l e . Sh o r t l y a f t e r t h a t r e a l e s t a t e d e a l m y f r i e n d t u r n e d h i s b a c k o n t h e d r u g g a m e , a n d n e v e r l o o k e d b a c k a g a i n . N o m o r e w a t c h i n g f o r c o p s , n om o r e b e i n g t h e b a d g u y , n o m o r e n e e d f o r a g u n , a n d n o m o r e w o r r i e s f o r h i s

m o m l o s i n g h e r o l d e s t s o n t o j a i l , o r e v e n w o r s e , a n e a r l y g r a v e . M y f r i e n d w e n to n t o a c c o m p l i s h m a n y u n b e l i e v a b l e t h i n g s i n r e a l e s t a t e a n d i n h i s p r o f e s s i o n a lcareer.

I f y o u h a v e n' t f i g u r e d it o u t b y n o w

my friend is ME!

T h a t e n t i r e e x p e r i e n c e c h a n g e d m y l i f e . B e f o r e t h a t A H H A ! m o m e n t , I w a sjust another victim of our societal mindset, and the public school system's lack of

o p t i o n s f o r y o u t h . T h e n o n - e x i s t e n c e o f f i n a n c i a l l i t e r a c y a n d s c a r c i t y o f c a r e e r o pt i on s a ls o c re at ed a b ar ri er t ha t m ad e t he p la yi ng f ie ld u nl ev el f or m e. T ha ts a m e b a r r i e r p l a g u e d m y m o t h e r a s w e l l Sh e k n e w n o t h i n g a b o u t t h e v a l u e o f h er h ou se o r h ow t o u se t ha t l ev er ag e t o k ee p i t f ro m f al li ng i nt o f or ec lo su re .Imagine if my mother was taught the basics of real estate and financial literacy inh i g h s c h o o l o r e a r l y a d u l t h o o d . Sh e c o u l d h a v e p a s s e d t h a t e d u c a t i o n , a n d t h o s eo p t io n s, o n t o m y s i bl i ng s a n d I .

C om in g o ut o f h ig h s ch oo l, I t ho ug ht I o nl y h ad a f ew c ho ic es :

1 . Ge t a n e du ca ti on a nd a c ar eer

2 . P la y b as ke tb al l or s om e pr of es si on al s po rt

3 . R a p, si n g, or m ak e it i n t h e m us i c i n du s tr y

4 . R ol l t he d ic e i n t he s tr ee ts ( an d I d on t m ea n " cr ap s" o r " ce e- lo ")


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T h e p r o b l e m w i t h t h e s e c h o i c e s i s t h a t t h e y w e r e s t e a d i l y d e c l i n i n g i n r e l e v a n c ea nd r ea li st ic p os si bi li ty f or m e. Ba ck i n t he d ay s o f o ur g ra nd pa re nt s, i t w asc o n s i d e r e d s a f e t o h a v e a c a r e e r . L o n g , f a i t h f u l s e r v i c e , f o r s e v e r a l d e c a d e s a t

o n e j o b w o u l d s e c u r e y o u r f u t u r e a n d g u a r a n t e e y o u r f a m i l y a h i g h q u a l i t y o f l i f ei n to y ou r r et ir em en t y ea rs . T ha t w as b ef or e t he E nr on s ca nd al a nd o ur l at es tr e c e s s i o n . N o w a d a y s , t h e r e i s n o s u c h t h i n g a s a s a f e j o b . T h e e c o n o m y i s t h ew o rs t i t s e v er b e en a n d i t do e sn t lo o k l ik e i t s c h an g in g i n t h e n e ar f u tu r e.

E ve n b ef or e t he e co no my t an ke d, n ot e ve ry on e c ou ld s uc ce ss fu ll y e st ab li sh ac a re e r. P o ve r ty s t ri c ke n f a mi l ie s i n t h is c o un t ry w e re s t uc k l i vi n g p a yc h ec k t opaycheck. They had to save just to be considered poor. No one had the means toe s c a p e , m u c h l e s s t h e K N O W L E D G E a n d s o c i a l s u p p o r t s y s t e m n e c e s s a r y t o d oso. Under these circumstances, one could only hope to be an NBA draft pick, sign

a major record contract, or narrowly dodge the dangers of the streets for years one n d. C er t ai n ly t h es e o ne i n a m i ll i on e v en t s do o c cu r , b u t no t e no u gh t o b ri d ge t h ef i na n ci a l ga p b e tw e en t h e w ea l th y a n d an e n ti r e h i p ho p c ul t ur e .

R e c o g n i z i n g t h a t t h e r e i s a g a p i n w e a l t h a n d h o m e o w n e r s h i p i s a n i n t e g r a l p a r tof creating change. We have a decision to make. We can live a life of i rr es po ns ib le s pe nd in g a nd m om en ta ry s at is fa ct io n, o r, w e c an w ak e u p, a ndr ea li ze t ha t o ur g en er at io n a nd o ur c ul tu re a re b ei ng l ef t b eh in d! C ha ng e c anh a p p e n , i t s u p t o Y O U t o b e a p a r t o f i t . I f o u r g e n e r a t i o n , b o t h b l a c k a n d w h i t e ,c a n h e l p e l e c t A m e r i c a s f i r s t b l a c k Pr e s i d e n t , w e c a n u s e t h a t s a m e e n e r g y a n d

a mb it i on t o e mp ow er , u pl if t a nd t ra ns ce nd o ur Ho od -r ic h c ul tu ra l p re se ts ;f i na n ci a ll y , a n d o t he r wi s e.

You should ask yourself the following questions:

1 . Ar e y ou a p ar t of t he pr ob le m o r t he s ol ut io n?

2 . Do you wa nt t o h el p b ri dg e t he g ap ?

I f t h e a n s w e r s t o t h o s e q u e s t i o n s a r e y e s , y o u c a n b e g i n b y f i n i s h i n g t h i s b o o k ,r e ad i ng o t he r s l i ke i t , a n d c o n s ta n tl y e d uc a ti n g y o ur s el f . B e o n e o f t h e f i rs t i ny o u r f a m i l y o r c o m m u n i t y t o b e c o m e a s u c c e s s i n t h e r e a l e s t a t e i n d u s t r y . T h e ns h a r e t h a t e d u c a t i o n a n d s u c c e s s w i t h e v e r y o n e y o u c o m e i n c o n t a c t w i t h . D o n tbe secretive, dont be selfish, dont be a hater and most importantly dont be aC R AB . Le t s a l l g o t o g e th e r ; I m h e r e t o l e ad t h e wa y


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C h ap t er 1 : Y ou Only Live Once???

W e , i n po p c u l tu r e , h av e m a d e a h a b i t o f l i v i n g f o r t h e m o me n t ; b a l li n g o u t to d a y ,and "living everyday like its our last." I, for one, can attest to that. The mentalityc o m e s f r o m t h e c o r n e r , t h e b l o c k , a n d t h e l i f e s t y l e o f t h e s t r e e t s . W h e n y o u a r ee n g a g e d i n i l l e g a l a c t i v i t y , y o u l i v e t o m a k e m e m o r i e s f o r t h e l o n e l y d a y s y o u


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w i l l i n e v i t a bl y s p e n d i n c a r c er a t e d.

Hip Hop is influenced by the streets, which in turn is the driving force of Popular

C u lt u re . T h er e fo r e, w e h a ve a l l u n wi t ti n gl y a d op t ed a s t re e t m e nt a li t y i n s o mef or m o r a no th er . D o y ou r em em be r w ha t t he y s ay a bo ut p ee r p re ss ur e? P ee r pressure isnt limited to someone telling y o u t o d o s o m e t h i n g i n o r d e r t o b e c o o l ,i t s a ls o t he u ns po ke n u nd er st an di ng t ha t y ou m us t do s o me th in g, o r emulates o m e o n e , i n o r d e r t o b e c o o l . T h a t i s t h e e s s e n c e o f p o p c u l t u r e , a n d h o w i t s t r e n d s h a v e w o r ke d .

I Think Im Big Meech

S o , o n e m i gh t a s k, w he r e d i d Y .O .L .O , t h e o u tr a ge o us p h il o so p hy t o s q ua n de r

y o u r e a r n i n g s r e c k l e s s l y , o r b l o w m o n e y f a s t , c o m e f r o m ? H o w d i d i t g e t t o b es o c o o l ? W h y d o t h e t w e n t y a n d t h i r t y s o m e t h i n g ' s o f t o d a y ' s Po p C u l t u r e s p e n dm o r e o n d e s i g n e r l a b e l s , l u x u r y c a r s , a n i g h t o n t h e t o w n , a n d l a v i s h R E N T A Lproperties, than they do on land, a primary residence, or a sound investmentproperty?

I t ' s b e c a u s e t h e l i v i n g f o r t h e m o m e n t m e n t a l i t y p e n e t r a t e d h i p - h o p i n t h e m i dto late nineties through street legends. Rappers, whose music reached the masses,we re l ar ge ly i nf lu en ce d by d ru g d ea le rs an d s tr eet i co ns , wh o p ro spe re dt r em en d ou s ly d u ri n g t h e c r ac k e p id e mi c o f t h e l a te e i gh t ie s a n d e ar l y n i ne t ie s .

T h e m o n e y w a s s o f a s t , a n d i n s u c h a b u n d a n c e , t h a t t w e n t y a n d t h i r t y - y e a r o l d s ,s om et im es e ve n t ee na ge rs , l iv ed t he t yp e o f l if es ty le s t ha t w e o nl y s ee f ro me n te r ta i ne r s a n d a t hl e te s t o da y . I n t h o s e d a y s , i t w a sn ' t j u s t m ak i ng t h e m o n eythat was the objective, but spending it, and spending it radically andconspicuously! The same is true, even today. Many Hip Hop icons whod om in at e t he B il lb oa rd c ha rt s, h av e c on te nt i n t he ir m us ic w hi ch r ef le ct s t heg l o r i fi c a t io n o f t h e h u s t l er s l i f e s t yl e .

Y ou m ay h av e h ea rd m an y r ap pe rs s uc h a s J ay -Z , L il W ay ne , R ic k R os s, o r Kanye West, proudly boasting about Blowing Money Fast, or Balling 'Til YouFa l l . E v e n t w e n t y - t w o y e a r - o l d p o p s t a r , C h r i s B r o w n , g o t i n o n t h e a c t i o n w i t h

r ap pe r Bi g S ea n' s d eb ut s in gl e My L as t, wh ic h pe ak ed a t n umb er o ne o nBillboard Rap Charts.

The objective to create memories of a lifetime, is the mentality behind the rashdecisions that often lead to the ending of young lives, either by death or


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imprisonment. Convicted drug kingpin, leader of the BMF (Black Mafia Family),a n d n e a r f o l k l e g e n d , D e m e t r i u s B i g M e e c h Fl e n o r y , w o u l d b e q u o t e d s a y i n g" yo u c an 't t ak e i t w it h y ou ," r ef er ri ng t o h is a ll eg ed i ll -g ot te n w ea lt h. S uc hh is to ri c s tr eet f ig ur es h ave i ns pi re d a nt he ms l ik e Ri ck Ro ss ' d eb ut si ng le

" B . M . F. " ( B l o w i n g M o n e y Fa s t ) o f f o f h i s T e f l o n D o n a l b u m . T h e p r o b l e m i s -e a s y e a r n i n g s a n d t h e f a s t l i f e o f t h e s t r e e t s h a v e l o n g s i n c e d e c l i n e d i n f i n a n c i a lg a i n . I t h i n k e v e r y o n e r e a l i z e s t h a t t h e l i k e l i h o o d o f b e i n g a d r u g k i n g p i n i s s l i mt o n o n e . U n f o r t u n a t e l y , t h a t m o n s t e r o f a m e n t a l i t y h a s b l a t a n t l y i n t e g r a t e d i t s e l f i n to t he d om in at in g m ai ns tr ea m a nd s ta nd ar d o f p op c ul tu re . I t h as m ad e t hei m a g e o f b e i n g i r r e s p o n s i b l e w i t h m o n e y n o t o n l y a c c e p t a b l e , b u t a b r a g g i n g r i t eo f p a s s ag e f o r t o d ay s e n t e r ta i n e r s, at h l e te s , a n d u s - t h e f o l l o we r s o f p o p c u l t ur e .

T h i s m e n t a l i t y h a s m a d e w a s t e f u l s p e n d i n g , c o n s p i c u o u s c o n s u m p t i o n a n d p o o r f i n a n c i a l p l a n n i n g a l a r g e p a r t o f t h e i d e n t i t y o f o u r c u l t u r e . I t a p p e a r s t h a t o u r

r o l e m o d e ls ( a t hl e t e s a n d e n t e r ta i n e rs ) , a r e l e a d in g u s t o t h e l i mi t s o f g o i n g b r o k e!Deep down, there is a bit of common sense in all of us that knows its wrong, butw e c h o o s e t o a c c e p t t h i s b e h a v i o r , e m b r a c e o u r i g n o r a n c e , a n d b l o w o u r m o n e yproudly. "Hip Hop 2 Homeowners" is not only your guide through real estate, butt h e b l u e pr i n t t o b u i l di n g w ea l t h i n A me r i c a!

T h e S o lu t i on

T h e s o l u t i o n i s s i m p l e ; i t s EDUCATION! T h e e d u c a t i o n I a m t a l k i n g a b o u t i s afinancial education, the kind that teaches us about assets and liabilities. This type

o f e d u c a t i o n l e a d s t o o p t i o n s ; o p t i o n s l e a d t o m o r e p r o d u c t i v e o p p o r t u n i t i e s ; a n dh a vi n g m or e o p po r tu n it i es l e ad s t o HOPE!

T h e s a d r e al i ty i s , a l a rg e d e mo g ra p hi c of p o p c u lt u re i s l a ck i ng h o pe

"New Jersey is to get away from the things that have divided us on this educationi s s u e i n t h e p a s t , a n d w h a t w e n e e d t o f o c u s o n , i s , w h a t s r e a l l y g o i n g o n i n a

place like Newark...we have violence and we have drug-use because we have noh op e. An d t he r ea so n w e d on t h av e h op e i s b ec au se c hi ld re n d on t b el ie vet om or row c an t be be t t e r t han t oday . ~ New Jersey Governor Chris ChristieM i s s i n g i s t h e m o t i v a t i o n t o t a k e o n n e w k n o w l e d g e b e y o n d t h e s t r e e t s s m a r t sw e ' v e a c q u i r e d f o r s u r v i v a l . I t s n o t o u r f a u l t t h o u g h , b e c a u s e a l o t o f o u r p a r e n t sd i d n t k n o w m u c h m o r e t h a n t he s t r ee t s a nd t h e y t a u g h t u s e ve r y t hi n g w e k n o w.


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...Involve yourself with a literacy program. If you are educated, use your skillsto enable others. It's a noble cause." ~ M ay or o f N ew ar k, N e w J er se y C or ey B oo ke r

I n u r ba n c u lt u re , ma ny o f o u r f ri e nd s en c ou r ag e u s t o pu s h t he l i mi t s of t h e l aw ,a nd w e o ft en a cc ep t, e mb ra ce , o r c om me nd t ha t b eh av io r. T ha t n eg at iv e p ee r pressure is a huge barrier to success. The only way out is to have something ino ur b ra in s t o sh if t t o a t ot al ly d if fe re nt k in d o f m en ta li ty , s o w e c an e sc ap en e ga t iv e b e ha v io r a n d f oc u s o n l e ar n in g .

Remember that knowledge is power. You should never use your upbringing as anexcuse for being where you are now, or where you are headed in the future. Many

g re at p eo pl e h av e e sc ap ed p ov er ty a nd c ri me r id dl ed l iv es , o nl y t o b ec om em i l l i o n a i r e s . T h e y h a d t h e d r i v e a n d t h e d e t e r m i n a t i o n t o g e t t h e m t o t h a t p o i n t .Y o u a r e n o e xc e p t i on .

"Move f ast, take risks, its okay to try big thin gs, youre better off trying something and having it not work and learning from that, than having not doneanything at all." ~ M a rk Z u ck e rb e rg , F a ce B oo k C E O


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C ha pt er 2 : I D o T hi s f or M y C ul tu re

Honestly, we control pop culture trends. We have the power to redefine what WEa re a bo ut . We c an en co ur ag e, e du ca te, a nd h ol d e ac h o the r r es po ns ib le a s

brothers and sisters should. We can set a tone in our culture where beingf i na n ci a ll y l i te r at e i s t h e n e w c oo l. T h er e s s t re n gt h i n n u mb e rs , a n d t h er e a r em i l l i o n s o f u s w h o i n t e r a c t d a i l y t h r o u g h s o c i a l m e d i a p l a t f o r m s . W e h a v e t h ec h o i c e t o t r e n d t h e l a t e s t r a p a l b u m , t h e n e w e s t H e r m s B i r k i n b a g , o r w e c a nt r en d # Hi p Ho p 2H o me o wn e rs o r # H H2 H ( S ha m el e ss p l ug , L OL !) W h et h er m ybook or not, whats really important is that we start trending topics that matter.

We should be using social media, viral videos, our icons, athletes, andentertainers to awaken our pop culture audience, and the followers who need thisbasic education. Knowing real estate should be as basic and accessible as

o b ta i ni n g a d r iv e r s l i ce n se . I t s h ou l dn ' t b e a s e cr e t a n y mo r e, a n d I ' m g o i n g t oexpose it!

C o mp a ni e s l i ke S o th e by ' s I n te r na t io n al R ea l ty (www.SothebysRealty.com ) arebeing innovative and thinking outside the box in marketing and relating to ay o u n g e r g e n e r a t i o n . N o n - p r o f i t s a n d h o u s i n g c o u n s e l i n g a g e n c i e s l i k e t h e o n e Ir u n , t h e " N o H o m e L e f t B e h i n d Fo u n d a t i o n " (NHLBF.org) a r e e n g a g i n g i n v e r yi nn ov at iv e pr og rams t o e du ca te o ur k id s an d o ur c ommu ni ti es . On e o f o ur signature programs is the "Hip Hop 2 Homeowners" Tour. This is a national highschool tour which merges the energy and enthusiasm of a Hip Hop show with thec r e d e n t i a l s a n d c u r r i c u l u m o f a f i n a n c i a l l i t e r a c y w o r k s h o p . Y o u c a n s a y I a m

being risky enough to bet on the intelligence of my generation. I think in the backof our minds we all know we have got to do better, and we know thatH OM E OW NE R SH IP a n d r e sp o ns i bl e f i na n ci a l l i vi n g i s t h e w ay t o g o . B e in gm o r e r e s p o n s i b l e t h a n t h e g e n e r a t i o n s t h a t p r e c e d e u s i s k e y , a n d w i l l u l t i m a t e l yhelp us avoid another financial meltdown like the one we're still recovering from.T a k e a d a y o u t o f y o u r t i m e t o m a k e a v i r a l v i d e o a n d u p l o a d i t t o Y o u T u b e , a n dg e t o t h e r s i n t e r e s t e d i n r e a l e s t a t e . M a k e t h i s y o u r l i f e . Y o u c a n s e e e x a m p l e s o f t h i s on m y Y ou T ub e c ha n ne l :


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http://www.youtube.com/WhoIsMrRealEstate

Follow me

www.twitter.com/JayMrRealEstate

a nd h i t th e Li k e b u tt o nwww.Facebook.com/JayMorrisonFanPage

W e a r e s o a w a r e o f t h i n g s a r o u n d u s . O b s e r v e t h e l a t e s t f a s h i o n t r e n d s t h a t t o o k o f f , l i k e t h e " U r k e l g l a s s e s " o r " R e d B o t t o m " s h o e s . W e w a n t t o b e d o w n w i t hw h a t s p o p u l a r , a n d w e w a n t t o s h o w i t o f f o n c e w e h a v e i t ! T h a t s t h e r e a s o nw h y t h e i Ph o n e i s s o p o p u l a r . T h e r e a r e o t h e r g r e a t p h o n e s o u t t h e r e s u c h a s t h eB l a c k b e r r y T o r c h , o r S t o r m 2 , b u t t h e i P h o n e w o n t h e p o p u l a r i t y g a m e . W h y ?

Apple caught onto a wave by being the 1st

i n t he i nn ov at iv e m ul ti -t ou chtechnology on mobile devices in the touch screen market. Dont believe me aboutt re nd s? C he ck o ut w ha t s c ur re nt ly p op ul ar a t http://www.google.com/trends.M a rk e te r s u s e t he s e k i nd s o f t o ol s t o f i nd o u t w ha t s h o t s o t ha t t he y c a n e x pl o i t i tf or t he ir fi na nc ia l b en ef it. Re se arc he rs, o n t he o th er h an d, u se t he t oo l f or g a t h er i n g i n f o r ma t i o n t o c o m p il e n e w s t u d i es o n t r e nd s a n d s t a t i st i c s .

T re nd s a re e ve ry th in g. Y et , r ea l e st at e i s m is si ng f ro m t he e qu at io n, a nd i s s oessential to the growth of the next generation. Failure to jump into real estate nowc o u l d m e a n t h a t y o u n e v e r w i l l . G e t i n t h e g a m e ! S i n c e p o p c u l t u r e i s h e a v i l y

i n fl u en c ed b y t r en d s, w e n e ed t o s t ar t t h e t re n d o f O WN IN G! T h is i s t h e o nl y wa yw e c a n g u a r a n t e e o u r f a m i l i e s a s e c u r e f u t u r e . I k n o w t h a t t h e now generation isn o t r e a l l y t h i n k i n g a b o u t a f u t u r e f a m i l y , b u t t h a t s e x a c t l y m y p o i n t . W e h a v e t og e t t o t h a t w a y o f t h i n k i n g , a n d o f f t h e b a n d w a g o n o f m a t e r i a l i s t i c t r e n d s . Y o ucan actually become a p a r t o f t h e n e x t b i g t r e n d b y g e t t i n g i n v o l v e d i n r e a l e s t a t enow!

C h ap t er 3 : I m a B US IN ES S, M an !

W h e n I w a s a k i d , I c a n h o n e s t l y s a y t h a t I w a s a d r e a m e r . I w a s u n l i k e m a n y o f


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my p ee rs , w ho se m ai n c on ce rn s we re p la yi ng a nd t ea si ng . W hi le t he y w er eplaying, I was thinking and dreaming. When others were going to see the latestm o v i e s , I w a s d r e a m i n g a b o u t m o n e y . W h e n t h e y w e r e s p r e a d i n g r u m o r s a b o u tt h e o p po s it e s ex , I w a s i m ag i ni n g ho w gr e at i t w ou l d be t o o wn a b u il d in g l ik e t he

s ch oo l th ey w er e g os si pi ng i n . I t s sa fe t o sa y, I w as a d if fe re nt b re ed .

I r eme mb er o ne t ime i n e lemen tar y s ch oo l, I fo un d a b ro ke n f is h t an k by adumpster in my apartment complex. Doesn't seem all that interesting, right? Well,w h er e s o me o ne s a w t r a s h, I s a w t r e a su r e! T h er e w er e d o ze n s o f c o lo r fu l s h in ym a r b l e s a t t h e b o t t o m o f t h e f i s h t a n k . . . a n d t w o d a y s l a t e r a l l b u t f o u r o f t h e mw e r e s o l d d u r i n g m y f o u r t h g r a d e l u n c h p e r i o d . D o w n t o m y l a s t f o u r , I t a u g h tm ys e lf a v e ry v a lu a bl e b u si n es s p r in c ip l e: S up p ly & D em a nd . T h e f i rs t t w od a y s o f m a r b l e s e l l i n g , t h o s e o n c e t r a s h e d m a r b l e s f l e w l i k e h o t c a k e s , a q u a r t e r f o r e a c h m a r b l e . W i t h m y l a s t f o u r , I r a i s e d t h e p r i c e t o t w o d o l l a r s e a c h ! T h e

t h i r t y t w o d o l l a r p r o f i t I m a d e o f f o f t h o s e m a r b l e s w a s s p e n t o n g i f t s t h e s c h o o lw as s el li ng f or M ot he r s D ay . I s t il l r em em be r t he l oo k o n m y m ot he r s f ac ew h en h e r n i ne y e ar - ol d s o n, w i th n o j o b, c a me h o me w i t h t wo d o z en r o s es ! !!

Back when I was seventeen, hustling on the streets of Baltimore, I had no clue ori n s i g h t r e g a r d i n g r e a l e s t a t e . T h e n o n e d a y t h i s o l d h e a d , ( a b o u t 3 5 y e a r s o l d )said to me..."Slim, you can buy all the cars and jewelry you wantbut rememberall those things are man-made and can be duplicated. But no matter whath a p p e n s G o d a i n t m a k i n N O M O R E l a n d . N o w , e v e n t h o u g h I w a s n ' t M r .Real Estate then, it still had a basic logic that was easy for me to grasp. AlthoughI ha d o n a $ 5,6 00 Bl ue F ac e S ub ma ri ne r Ro le x wa tc h a t t he t ime , I h ad a n

i m m e d i a t e d a y d r e a m o f t h i s o n e l a s t i s l a n d o n E a r t h , a n d e v e r y b o d y f i g h t i n g f o r i t . So u n ds s i l l y, b u t w h en y o u t h i n k a b ou t i t , o n e da y w e m ig h t g e t p r et t y c r ow d e dd o w n h er e . . . T h e n w h at ? I ' l l t e l l y ou w h a t h e w h o o wn s t h e m o st l a n d w i ns !

Another example...

W he n y ou a re f il li ng u p o n g as , y ou w il l n ot ic e t ha t p ri ce s t en d t o f lu ct ua te .T ha t s be ca us e wh en t he su ppl y o f ga s i s ab un da nt , o il c omp an ie s u se t ha ts it u at io n a s a n o pp or tu ni ty t o s el l m or e o f i t b y l ow er in g p ri ce s. W he n g as i sh a r d e r t o c o m e b y , p r i c e s g o u p . E v e r y i n d u s t r y i s a b o u t s u p p l y a n d d e m a n d , j u s t

l i k e m y s h i n y m a r b l e s i n e l e m e n t a r y s c h o o l ! W i t h l a n d , y o u h a v e a s e t s u p p l y .T he e ar th i s n ot g ro wi ng , b ut t he p op ul at io n o n t he p la ne t i s g ro wi ng r ap id ly .B ar ri ng a n a po ca ly ps e, t hi s g ro wt h w il l c on ti nu e f or ev er , u nt il w e h av e m or epeople than we do land. Because of this fact, the demand is huge, so the realestate business will continually grow and thrive. This growth will happen despitee c o n o mi c s et b a c ks , s uc h a s a r e c e s si o n .


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Think about this

A s t he e ar th s p op ul at io n g ro ws , y ou w il l s ee m or e d ev el op me nt o f h ig h r is e

r e s i d e n t i a l p r o p e r t i e s . W e m a y n o t b e a b l e t o c r e a t e n e w l a n d , b u t w e c a n f u r t h e r develop and consolidate what we have. We may even see an eventuald e v e l o p m e n t o f u n d e r g r o u n d r e a l e s t a t e a s l a n d b e c o m e s s c a r c e r . W h e n y o u p u ta l l o f t h i s t o g e t h e r , y o u r e a l i z e t h a t t h e c o s t o f H o m e o w n e r s h i p w i l l g o u p a s t h ey e ar s p a ss b y. I f i n fl a ti o n c o nt i nu e s a t s t ea d y r a te s w hi l e t h e a v er a ge w ag e s s t ay atr o c k b o t t o m , i t w i l l b e c o m e e x t r a o r d i n a r i l y h a r d f o r t h e p o o r o r u n d e r p r i v i l e g e dt o b e c o m e h o m e o w n e r s . T h e s e c u r r e n t p r o j e c t i o n s s h o u l d l e t y o u k n o w , t h e t i m et o p ur ch as e r ea l e st at e i s N OW . T he re i s n o w ai ti ng . T he s oo ne r y ou b uy , t hes oo ne r y ou b ec om e a s uc ce ss .

E d uc a ti o n i s v er y v a lu a bl e , e s pe c ia l ly w he n i n st i l le d a t a y o un g a g e. H ow e ve r ,

t h e r e i s a d i s p a r i t y i n r e a l e s t a t e e d u c a t i o n . E V E R Y O N E needs a h o m e , b u t n o tEVERYONE is taught how to purchase one.

WE ALL DESERVE THE RIGHT TO BE EDUCATED ON THE BASICPR I NC I PLE S O F H O ME O W NE R SHI P.

T h e f a c t i s , o n l y a s e l e c t f e w i n o u r s o c i e t y r e c e i v e a r e a l e s t a t e e d u c a t i o n t h every privileged few. I think students should be taught the principles of ownership

in school curriculum. How to purchase the roof over our head is just as importanta s l e ar n in g t h e " G et t ys b ur g A d dr e ss .

Hi p H op 2 H om eo wn er s i s t he a ns we r t o t hi s e du ca ti on al d is pa ri ty . I n t h isbook, I have provided everything you need to begin your wealth building journey.T h e v e r y m o m e n t y o u o p e n e d t h i s b o o k , y o u d e c i d e d t h a t y o u a n d y o u r f a m i l yd e s e rv e b e t t e r. T ha t s ho w i t s t a r t s, a c h o i ce I m h ap p y y o u m a d e i t ! !


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C h a p t e r 4 : L o r d o f MY L a n d ! !!

I l o v e t h i s c h a p t e r b e c a u s e i t s u m s u p a l a r g e p a r t o f t h e m e s s a g e I h o p e t o d r i v e

h o m e . T h a t m e s s a g e i s a f e e l i n g y o u g e t w h e n t h a t p i e c e o f p a p e r , c a l l e d a d e e d ,has your name on it. That piece of paper says this land, this house, this driveway,a l l t h e g r o u n d b e l o w i t , a n d a i r s p a c e a b o v e i t , i s y o u r s ! Y o u l i t e r a l l y g e t t o o w ny ou r s ha re o f t he e ar th !

I t r e m i n d s m e o f a s t o r y o f w h e n I o w n e d m y f i r s t h o m e , w h i c h a l s o s e r v e d a s a ni nv es tm en t p ro pe rt y. No w y ou m ig ht a sk ho w i s t ha t p os si bl e? , s o l et m ee x p l a i n . I p u r c h a s e d a t w o f a m i l y , a l s o k n o w n a s a t w o u n i t h o u s e o r a d u p l e x . Il iv ed i n t he d ow ns ta ir s a pa rt me nt , a nd r en te d o ut t he u ps ta ir s a pa rt me nt t o ac ou pl e t wi ce m y a ge . S i mp le , r ig h t? W el l, t he g re at p ar t a bo ut i t w as u ps ta ir s

tenants paid ninety percent of my mortgage, taxes, and insurance. So, I owned myh o u s e , a n d a n i n v e s tm e n t , f o r j u s t $ 2 0 0 b u c k s o u t o f p o c k e t p e r m o n t h.

O n e d a y , t h e p r i d e o f b e i n g a h o m e o w n e r r e a l l y k i c k e d i n ! I w a s c o m i n g h o m ef r o m t h e g y m , a n d a s I w a s p u l l i n g u p t o t h e h o u s e l i s t e n i n g t o t h e l a t e s t " L i lWeezy" CD (as any young 25 year-old homeowner would), my tenants' kids wereplaying outside, and I distinctly remember hearing them say The landlord ish e r e ! t h e l a n d l o r d i s h e r e ! I t h o u g h t t o m y s e l f , t h a t ' s M E ? ? ? T w e n t y - f i v e y e a r -o l d m e ; c o m i n g f r o m w h e r e I c o m e f r o m , w a s n o w t h e l a n d l o r d . . . L O R D O F M YLAND!

Homeownership has many benefits. Obviously, one of the biggest is the idea thaty o u w o n t h a v e t o p a y r e n t a n y m o r e . I n s t e a d , y o u r h a r d e a r n e d d o l l a r s a r e g o i n gt owa rd s eq ui ty i n l an d t ha t you own . Why s pe nd y our l if e wo rki ng s o t ha ts o m e o n e c a n g e t r i c h o f f o f y o u ? I n s t e a d , you c a n b e t h e r i c h o n e . T h e f i r s t s t e pinto the Homeownership game is to have credit, cash, or hit the lottery by findinga v e ry m o t i va t e d s e l le r . T h e p h r a s e h i t t h e l o t t er y s h o u l d n t p u t y o u o f f , a s i t s


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actually very common. You can use leverage in lease/option deals to get into reale s t a t e , a n d t h o s e a r e n t t o o h a r d t o f i n d . I f t h e a b o v e i n f o r m a t i o n h a s n t i n t r i g u e dy o u y e t , t h e n w h a t d o y o u t h i n k a b o u t t h e f o l l o w i n g ? I f y o u r f a m i l y h a s l i v e d i npoverty from generation to generation, real estate can break that cycle. You can

pass on equity, and the income it generates, to your kids, and teach them toc o n t i n u e t o p a y i t f o r w a r d . N o l o n g e r w i l l t h e y h a v e t o w o r r y a b o u t p a y i n g t h ebasic bills, and keeping a roof over their heads. Instead, they will own t h e r o o f o v er t h ei r h e a ds .

Consider this information

O w n i n g a h o m e i s t h e b i g g e s t p i e c e o f t h e A m e r i c a n d r e a m . M a n y r e n t e r s d r e a mo f o w n i n g t h e i r h o m e s o t h a t t h e y d o n t h a v e t o w o r r y a b o u t p a y i n g r e n t f o r t h erest of their lives. Equity gives them the security of knowing that they wont havethat extra bill riding on their shoulders forever.

A re y ou b ec om in g a li fe ti me r en t er ?

D o y ou f ee l t hi s w ei gh t o n y ou r s h ou ld er s?

L e t s a l le v ia t e t h at w e ig h t. M o st p e op l e r e nt , n o t b e ca u se o f a f fo r da b il i ty , b u tbecause of fear. Look yourself in the mirror and ask, Am I scared to own myhome? Dont let the fear of a leaky roof deprive your family, and the generationst o c om e, o f t he ir p ie ce o f t he A me ri ca n p ie . R ea l e st at e a ss et s a re t he l ea di ngs o ur c es o f w e al t h in A me r ic a . C o mm o n s e ns e sa y s, d o a s t he r i ch d o !


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C h a p t e r 5 : S c ar e d M o n e y D o n t M a k e N O M o n e y! ! !

T h e r e a r e m a n y i n v e s t m e n t o p p o r t u n i t i e s o u t t h e r e . M a n y o f t h e m w i l l n e v e r p a no u t b e c a u s e o f a l a c k o f f o l l o w - t h r o u g h . R e a l e s t a t e , h o w e v e r , h a s a l o n g h i s t o r yof creating millionaires and billionaires. You have the chance to become the nextself-made millionaire or better!R e a l e s t a t e i s a s o l i d i n d u s t r y , a n d p a c k e d w i t h t h e r i g h t k n o w l e d g e a n d t o o l s ,anyone can make it in the business. Real estate is safer than stocks. It's safer thana ny b ri ck a nd m or ta r b us in es s yo u c an s ta rt .

You may hear from naysayers that real estate is a very risky investment, but that'sonly because they are shooting off from the mouth with no experience. Sure, they

m a y h a v e i n v e s t e d i n a r e a l e s t a t e p r o p e r t y , o r m a n y , i n t h e i r l i f e t i m e . T h a t d o e sn o t m a k e t h e m e x p e r t s , n o r d o e s i t m a k e t h e m e x p e r i e n c e d . T h e t r u t h i s , m o s t o f t h e s e p e o p l e h a v e n o t i n v e s t e d u s i n g c r e a t i v e w a y s t o b u y o r s e l l r e a l e s t a t e . T h a tis what makes them inexperienced. And that is what makes me Mr. Real Estate!

B e c a u s e o f t h i s , y o u w i l l f i n d a l a r g e n u m b e r o f p e o p l e t o u t i n g k n o w l e d g e a n ds p e w i n g a d v i c e t h a t t h e y h a v e n o r i g h t p u t t i n g o u t i n t o t h e w o r l d . I t ' s b e c a u s e o f t he se m is in fo rm ed p eo pl e t ha t e ve ry da y n ov ic es , l ik e y ou rs el f, w il l h ea r b adt h in g s a b ou t re a l e s ta t e a n d g e t t u rn e d o f f t o t he p os s i bi l it i es .

Back in the eighties, perhaps even earlier, real estate was something thought to ber e s e r v e d f o r p e o p l e o f w e a l t h . W i t h t h e l a c k o f t e c h n o l o g y b a c k t h e n , t h e r e w a sn o me an s o f sh ar ing i nf or ma ti on wi th e ach o th er q uic kl y wi th ou t ac tua ll yspeaking in person, or over the telephone. That doesnt mean the opportunities toi n v e s t i n g r e a t d e a l s w e r e n t t h e r e t h o u g h . B a c k t h e n , h o u s i n g w a s i n c r e a s i n g i nv a l u e b y l a r g e a m o u n t s e v e r y y e a r . I t w a s n t u n t i l m i d t o l a t e 2 0 0 0 s , w h e n t h eh o u s i n g b u b b l e p o p p e d , t h a t p r o p e r t y v a l u e s d e c l i n e d . U n t i l t h e n , r e a l e s t a t e w a sg o l d en , e v e n i n t h e t r a d i ti o n a l m e t h od of i n v e st i n g .

Finally, in the late eighties/early nineties, technology started advancing, as well ast h e s h a r i n g o f k n o w l e d g e i n r e a l e s t a t e . T a k e , f o r e x a m p l e , t h e R o b e r t G . A l l e nbooks and seminars which touted the possibilities of using creative financing tobuy houses with bad credit and no money down. It wasnt until then that normale v er yd ay p e op l e s t ar t ed l e ar n in g a b ou t h o w t o i n ve s t i n r e al e s ta t e. R e al e s ta t ew a s s o H O T a n d s e x y t h e n t h a t i s w a s a f a d . T h e k n o w l e d g e w a s n ' t a f a d , s om uc h a s t he e as y f in an ci ng wa s. T he me di a, e nc ou ra ge d b y t he b ig b an ki ngi n du s tr y , p u s h e d e as y f i na n ci n g a n d r e al e s ta t e f r om a l l a n gl e s. E v er y bo d y a n d


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t he ir m om ma w as a r ea lt or o r m or tg ag e p er so n, a pp ra is er , o r s om et hi ng t o d ow i t h r e a l e s t a t e . S h o o t e v e n m e , a t a g e t w e n t y - f i v e , j u m p e d o n t h e b a n d w a g o na n d h a d th r ee h o us e s be f or e t w en t y- s ix .E v e r y o n e m a d e m o n e y i t s e e m e d . . . B u t n o o n e t o l d u s w a s i t w a s a S E L L E R S

m a r k et . T h e o n ly p e o p l e wh o m a d e o ut r e al l y w e l l w e r e t h o s e w h o o w n e d y e a r sbefore, and were now unloading for huge profits! Buy low, Sell high... Duh!

C h ap t e r 6 : W a it T il I Ge t My M on e y R i ii g ht !

Newsflash...

T he l ow m ar ke t i s N OW ! I nt er es t r at es a re a t t we nt y y ea r l ow s a nd p ro pe rt yv a l u e s a t e l e v e n y e a r l o w s . T h e r e i s p l e n t y o f s u p p l y , a n d l i t t l e d e m a n d , h e n c eg r e a t t i m e s t o n e g o t i a t e a n d s c o r e a d e a l . E v e r y b o d y s s c a r e d , a n d o n t o p o f t h a tTHEY STILL LACK THE EDUCATION!


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W h i l e t h e r e a r e m a n y i n v e s t m e n t e x p e r t s t h a t w i l l a r g u e w i t h m e , r e a l e s t a t e i ss t i l l a l i v e a n d k i c k i n g . N o t o n l y a l i v e , b u t t h e r e a l e s t a t e m a r k e t i n g i s t h r i v i n g .Y o u c a n n o t l o o k a t t h e s t a t i s t i c s t h e s o c a l l e d e x p e r t s c r e a t e d , b e c a u s e t h e y d o n ' t

t a ke e v er y th i ng i n t o a c c o un t .

Real Estate is Accessible

W h e n y o u t h i n k a b o u t r e a l e s t a t e i n v e s t i n g , y o u w i l l m o s t l i k e l y e n v i s i o n h a v i n gt o d e a l w i t h t h e b a n k t o s e c u r e a l o a n . C o n s i d e r t h a t m a n y s t a t i s t i c i a n s u s e t h i st r ad i ti o na l m e th o d o f r e al e s ta t e p u rc h as i ng a s t h ei r m a in e l em e nt f o r c r ea t in gt h e i r n u m b e r s , a n d y o u w i l l u n d e r s t a n d w h y i t ' s n o t a g o o d s o u r c e o f i n f o r m a t i o nf or a n ewbi e i nv es to r. T hi s b oo k c on ta in s a v as t a mo un t o f i nf or ma ti on o n

c r ea t iv e f i na n ci n g, a n d t h is k n ow le d ge w i ll a l lo w y ou t o a v oi d h a vi n g t o v i s ityour bank in many cases. Investors that use these techniques are actually thrivingi n t h e r ea l e s t a te m a r ke t , w hi l e t r ad i t i o na l i n v es t o r s ar e g o i n g b r o k e.

Now is the perfect time to invest, as the economy is in pretty bad shape. Thestatistics show that real estate sales are down, which makes this a great buyersm a r k e t i n m o s t a r e a s o f t h e c o u n t r y . I n a b u y e r s m a r k e t , y o u a r e m o r e l i k e l y t or u n a c ro s s q u it e a f e w s e ll e rs t ha t ar e w i ll i ng t o b e c re a ti v e i n th e ir f in a nc i ng .

Real Estate is Broad Business

I n a d d i t i o n t o t h e m a n y i n v e s t m e n t o p p o r t u n i t i e s a v a i l a b l e , t h e r e a r e a l s o m a n yjobs to go around in the industry. You dont have to get started by buying,

r e n t i n g , o r s e l l i n g r e a l e s t a t e . Y o u c a n b e t h e p r o f e s s i o n a l t h a t t h e s e i n v e s t o r s g ot o w h e n t h e y n e e d t o e v a l u a t e t h e i r p u r c h a s e , o r w h e n t h e y n e e d a n i n s p e c t i o nd o n e s o t h e y k n o w t h e p r o p e r t y i s a s o l i d d e a l b e f o r e t h r o w i n g t h e i r m o n e y i n i t .Fo r s o m e , g e t t i n g a j o b i n r e a l e s t a t e w i l l b e e a s i e r t h a n i n v e s t i n g . Fo r o t h e r s , i t se a s i e r t o n e g o t i a t e s o l i d d e a l s a n d c a p i t a l i z e o f f o f t h e m . J u s t i n c a s e y o u a r e o n eo f t he l at te r, I h av e i nc lu de d a s ec ti on o n p ro fe ss io na l i nd us tr y j ob s t ha t a re

a l w a y s i n d e m a n d . T a k e a l o o k a t y o u r s i t u a t i o n , a n d w h a t y o u a r e c a p a b l e o f , t odetermine how you will go about jumping into the real estate industry. I promise,i t i s a t h ri v in g i n du s tr y w he t he r i t s a b u ye r s or sellers market.

A s a n i n v e s t o r , y o u d o n t n e e d a s p e c i a l i z e d e d u c a t i o n o t h e r t h a n t h e f i n a n c i a le d u c a t i o n I a m g i v i n g y o u r i g h t n o w . Fo r s o m e o f t h e i n d u s t r y p r o f e s s i o n s l i s t e dlater in the book, most WILL NOT REQUIRE A COLLEGE EDUCATION. The


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time is perfect for you to get started, and there arent any obstacles in your way toh i nd e r y ou r s u cc e ss . O nl y Y OU c a n s t op yo u!

W e a re s ta rt in g y ou r c ar ee r i n r ea l e st at e f ro m t he g ro un d u p. T hi s s ta rt s w it h

education on general real estate literacy & terms, and understanding theimportance of credit. Once we have sufficient knowledge of the two, and make ita s m u c h o f a p r i o r i t y a s o u r " h a i r b e i n g d i d " , o r t h e l a t e s t " J ' s " , t h e n o u r k i d s w i l ldo the same. Make "Buy Real Estate" just as big as the "Stop Snitching"m o v e me n t . I t s t a r ts w i t h u s !

From the Ground, Up.

Fr o m t h e g r o u n d u p m e a n s t h a t w e h a v e t o s t a r t f r o m t h e b e g i n n i n g a n d r e - l e a r n

l i f e a s w e k n o w i t . W e h a v e t o f o r g e t e v e r y t h i n g t h a t s o c i e t y h a s t a u g h t u s , a n dforsake the mentality we have come to love, in order to actually make ad i f f e r e n c e . T h e p r o b l e m w i t h s t a r t i n g f r o m t h e g r o u n d u p i s t h a t w e l i k e t h e w a yt h a t w e a r e . H a v e y o u e v e r n o t i c e d a s e v e r e l y d e p r e s s e d p e r s o n , a n d h o w t h e ys e e m t o a l w a y s b e d e p r e s s e d ? I t s a h a r d c y c l e t o b r e a k b e c a u s e d e p r e s s i o n o f t e nf e e l s g o o d . I t s a g o o d f e e l i n g t o c r y w h e n n o b o d y s a r o u n d , a n d g e t t h a t w e i g h to f f o f y o u r s h o u l d e r s , e v e n i f i t s j u s t t e m p o r a r y . T h e s a m e t h i n g g o e s w i t h o u r m e n ta l i t y. W e l o v e ou r m e n ta l i t y, d e s p i te k n o w i ng t h a t i t c a n o n ly e n d i n d i s a s t er .W e h a v e t o t e l l o u r s e l v e s t h a t a n e g a t i v e m e n t a l i t y i s n o t s o m e t h i n g t o w a n t a n dl i ke . O n ce w e d o t h at , w e h a ve be g un t h e j o ur n ey o f s t ar t in g f r om th e g r ou n d u p .


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C h a p t e r 7 : C r e d i t 10 1 , I l l S h o w Y ou H o w T o D o T h i s S O N !

W h e n y o u h a v e b a d c r e d i t , y o u a r e l i m i t e d i n y o u r o p t i o n s w h e n p u r c h a s i n g r e a le s t a t e , a n d i n t h e a m o u n t o f r e a l e s t a t e y o u c a n f i n a n c e . Y o u c a n s t i l l b u y u s i n gc r e a t i v e f i n a n c i n g m e t h o d s , b u t y o u r o p p o r t u n i t i e s w o n t b e a s v a s t a s i f y o u h a dg o od c r ed i t.

I f y o u r c r e d i t i s p o o r , y o u h a v e t o o l s a t y o u r d i s p o s a l t o r e p a i r i t . O n c e r e p a i r e d ,you can utilize banks for financing some of your larger purchases. In thef ol lo wi ng s ec ti on s, I w il l s ho w y ou h ow y ou c an e st ab li sh y ou r c re di t, r ep ai r bruised credit, and leverage your credit, to compete with the pros in the real estateg a m e . I w i l l s h o w y o u t h e s a m e c r e d i t t e c h n i q u e s t h a t I h a v e p e r s o n a l l y u s e d a n dt h os e t h a t h av e b e en e f fe c ti v e f o r c o un t le s s n um b er s o f m y p e rs o na l c l ie n ts .

Do n t a ss ume t ha t y ou wo n t n ee d go od c re di t do wn t he r oa d. Yo u may b e


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f o c u s i n g o n c r e a t i v e f i n a n c i n g m e t h o d s r i g h t n o w , b u t w h a t h a p p e n s w h e n y o uh av e r ea l e st at e i n y ou r p or tf ol io a nd w an t t o mo ve o n t o s wi m w it h t he b igsharks? By then, you can obviously afford credit repair attorneys, but your moneycant buy you the time you need for the actual repair to work. It can take

a n yw he re f r om t h re e t o s i x m o nt h s t o a c tu a ll y a c hi e ve a s i gn i fi c an t c h an g e i nyour credit score. Its a good idea to get started on fixing your credit now, so thatw h e n t h e t i m e i s r i g h t , y o u r g o o d c r e d i t c a n b e a t o o l t o m o v e f o r w a r d . H a v e al o o k o v e r t h e f o l l ow i n g p a g es , a n d j u m p r i g h t i n to r e p a i r in g y o u r c r ed i t n o w . Y o uc an d o t he se t hi ng s y ou rs el f, a nd i t w on t c os t y ou a ny th in g b es id es a l it tl ei n ve s tm e nt o f y o ur t i me .

~ Your Credit Report ~

A c r ed i t r e p o rt i s a n o f fi c ia l r e co r d o f a p e rs o n s p a st b o rr o wi n g a n d r e p a yi n gh is to ry w hi ch i nc lu de s o n t im e p ay me nt s, c re di t l im it s, l at e p ay me nt s, a ndbankruptcies; as well as any liens that may be attached to you such as tax debts.

There are three (3) major credit reporting agencies in the United States. Those areTransunion, Experian, and Equifax. When you apply for new credit, or a loan, thel e nd e r c h ec k s y o ur c r ed i t r e po r t t o d e te r mi n e r i sk . B ad p a ym e nt h i st o ry e q ua l sm aj or r is k, wh il e n o c re di t h is to ry a t a ll i s s ti ll a s ig ni fi ca nt r is k. I f y ou a reu n a w a r e o f w h a t s o n y o u r c r e d i t r e p o r t , y o u c a n o b t a i n o n e f o r f r e e e v e r y s i n g l e

y e a r . G o t o a w e b s i t e t h a t g i v e s t h r e e c o m p l e t e r e p o r t s . Y o u c a n s e e i t a l l o n l i n einstantly from all three bureaus. Personally, I recommendhttps://www.annualcreditreport.com. Y o u a r e a l s o e n t i t l e d t o a f r e e c o p y o f y o u r r ep or t f ro m o ne ag ency i f yo u we re t ur ne d d own f or c re di t b ec au se o f t ha ts p e c i f i c a g e n c y . Y o u a r e e n t i t l e d t o a f r e e r e p o r t b e c a u s e o f t h e l a w s t h a t p a s s e dt o p r o te c t u s f r o m f r a u d ul e n t cr e d i t a c t i vi t y a n d i d e n ti t y t h e f t.

A s a m a t t e r o f f a c t , s e v e r a l l a w s w e r e p a s s e d s o t h a t p e o p l e c o u l d t a k e c o n t r o lo ve r t he ir f in an ce s a nd t he ir p er so na l c re di t. B ef or e, i t w as r ar e f or n or ma le v e r y d a y p e o p l e t o g e t t h e i r c r e d i t r e p o r t u n l e s s t h e y f o u n d o u t s o m e t h i n g b a d

w hi le t ry in g t o ma ke a m aj or p ur ch as e. T he f re e c re di t r ep or t g iv es y ou t heo p p o r t u n i t y t o s e e p a s t h i s t o r y , a s w e l l a s d e t e c t s o m e t h i n g t h a t m a y h a v e g o t t e no n t h e r e b y m i s t a k e n i d e n t i t y . I f a n y t h i n g i s i n a c c u r a t e , y o u c a n d i s p u t e t h e i t e mi n a n a t te m pt t o h a ve i t r em o ve d .

I t ' s i m p o r t a n t t o n o t e t h a t n e g a t i v e i t e m s h a v e a n e x p i r a t i o n d a t e . E v e r y n e g a t i v ei te m o n y ou r c re di t r ep or t h as t o b e r em ov ed a ft er s ev en ( 7) y ea rs , e xc ep t f or


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bankruptcies. If you find very old items on your report that are not helping, andt h e y h a v e r e a c h e d t h e 7 - y e a r m a t u r i t y d a t e , t h e n y o u c a n l e g a l l y d e m a n d t h a t t h ei te ms b e r emo ve d. T hi s c an b e d on e u si ng t he e xi st in g d is pu te p ro ce ss , byselecting the expired item option when disputing. Sometimes a creditor will try

t o k e e p a n i t e m o n y o u r r e p o r t b y r e n e w i n g i t , b u t t h i s i s i l l e g a l . T h e o n l y w a yt h a t a n i t e m ca n b e r e n e we d f o r a no t h e r s ev e n y ea r s i s i f yo u m a de a p a y me n t o r apayment agreement on that item. In that case, it is considered a new item and wills t ay o n yo u r c r ed i t r e po r t d e sp i te i t b e in g e x tr e me l y o l d.

~ Credit Score ~

C r e d i t s c o r e s a r e n u m b e r s c r e a t e d o u t o f a s t a t i s t i c a l a n a l y s i s o f a p e r s o n s c r e d i th is to ry . I t r an ge s i n l ev el s f ro m b ad t o e xc el le nt , a nd i s u se d t o d et er mi ne a

persons credit-worthiness. These scores are generally known as FICO scores.O t he r t y pe s o f p o pu l ar s c or i ng m o de l s a r e c r ea t ed b y t h e m a jo r c r ed i t b u re a ust he ms el ve s. T he y a re : E qu if ax s S co re Po we r, E xp er ia n s P LU S s co re , a ndTransunions credit score. In addition, all three major bureaus sell theVa nta ge Sc or e c re di t s co re . Wh il e y ou ma y t hi nk t ha t cr ed it s co re s ar e j us ts o m e t h i n g y o u n e e d t o g e t a n e w c r e d i t c a r d , o r l o a n a p p r o v a l , i t a c t u a l l y g o e sfarther than that and can hinder your ability to move forward in real estate if yourscore is bad. Even landlords use credit scores to determine if a person is someonet h e y w a n t t o w o r k w i t h . I f y o u s t i l l d o n t t h i n k y o u r s c o r e i s i m p o r t a n t , t h e n l e t sl o o k a t i t i n a d i f f er e n t wa y .

O n e o f t h e c r e a t i v e f i n a n c i n g m e t h o d s y o u w i l l w a n t t o u s e , l e a s e w i t h o p t i o n , i sjust like renting. A person selling using this method will act very similar to a

l a nd l or d , b e ca u se t h at s e s se n ti a ll y w ha t t h ey a r e. U n le s s t h ey a r e d e sp e ra t e t ou n l o a d t h e p l a c e , w h i c h p r o b a b l y w o n t m a k e f o r a g o o d a n d s a f e d e a l a n y w a y ,t h e y w i l l w a n t t o k n o w t h a t t h e p e r s o n t h e y a r e l e a s i n g t o i s r e l i a b l e a n d a b l e t om a ke t h ei r m on t hl y p a ym e nt s .

T h e r e a r e o t h e r p o t e n t i a l p i t f a l l s t o h a v i n g a l o w c r e d i t s c o r e . I f y o u a r e a b l e t og et a l oa n l at er o n, d es pi te b ad c re di t, i t w il l c om e a t a c os t. B an ks a re n t i n

business to help people. They are in business to make millions of dollars. If theya r e r i s k i n g a l o a n o n y o u w i t h b a d c r e d i t , r e s t a s s u r e d t h a t i t w i l l b e a t a h i g hi n t e r e s t r a t e . T h i s m e a n s t h a t y o u w i l l p a y t h o u s a n d s m o r e o v e r t h e p e r i o d o f t h el oa n t ha n y ou w ou ld i f y ou h ad a g oo d c re di t s co re . Y ou r c re di t s co re c an b em a n i p u l a t e d f a v o r a b l y a n d y o u c a n a c t u a l l y d o i t y o u r s e l f . T h e f o l l o w i n g p a g e sw i l l l i s t c r e d i t r e p a ir m e t h od s t ha t ha v e a d i r e ct i mp a c t o n yo u r s c o r e.


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T he F ICO sc or e r an ge s f ro m 3 00 t o 8 50 . As y ou kn ow a lre ad y, t he 3 00 wo ul d b et he wo rs t c red it y ou c ou ld p oss ib ly h av e, a nd t he 8 50 wo uld be eq ua l t o p er fec tc re di t. T he h ig he r yo ur c re di t, t he be tt er t er ms y ou wi ll g et whe n y ou go to b uy ahouse or a car.

~ The Dispute Process ~

T h i s p r o c e s s e n a b l e s y o u t o r e p a i r y o u r c r e d i t b y h a v i n g b a d i t e m s r e m o v e d . T h ebad information pieces together to form your credit score. It is a number thatd e t e r m i n e s y o u r r i s k v a l u e f o r t h e l e n d e r . T h a t l e n d e r c a n t h e n d e c i d e w h e t h e r o r n o t t o e x t e n d c r e d i t t o y o u . I f y o u r c r e d i t r e p o r t c o n t a i n s a l o t o f b a d i t e m s o n i t ,t h e n y o u w i l l l i k e l y n o t b e a p p r o v e d f o r u n s e c u r e d c r e d i t , o r a n y l o a n s w i t h l o wi nt er es t r at es . T ha t s w hy i t s i mp or ta nt t o c he ck y ou r c re di t r eg ul ar ly . T ha t

review can take place once per year, or once every few months. You cans u b s c r i b e t o a c r e d i t m o n i t o r i n g s e r v i c e o n l i n e s o y o u k n o w w h e n c h a n g e s t a k eplace on your report.

A c r e d i t r e p o r t i n g a g e n c y i s p e r m i t t e d t o p l a c e b r o a d s p e c t r u m o f i t e m s i n y o u r c r e d i t f i l e . T h e i n f o r m a t i o n t h e y c a n c o l l e c t a n d r e p o r t i n c l u d e : C r e d i t St a n d i n g ,Credit Worthiness, Credit Limits, Character, Reputation, and PersonalCharacteristics.

T h e i n f o r m at i o n g a t he r e d c a n b e h a n d e d o u t i n th e f o l l o w in g s i t u a ti o n s :

1 . A c re di t t ra ns ac ti on f o r l eg it im at e b us in es s p u rp os es .2 . F or r ev ie wi ng a c ol le ct io n a cc ou nt .3 . I n t he a pp li ca ti on o f a G ov er nm en t li ce ns e.4 . A Go ve rn me nt a gen cy t ha t i s ch ec ki ng f in an ci al s ta tu s t o d ete rmi ne

benefits.5 . A c ur re nt o r fu tu re e mp lo ye r f or h ir in g or p ro mo ti ng p ur po se s.6. A signed request by you.7 . I n t he a pp li ca ti on f or i ns ur an ce .

8 . In t he e ven t of a c ou rt o rde r o r fe de ra l g ran d ju ry s ub po en a.9 . An FBI i nv es ti ga ti on .

A credit reporting agency can also report negative information such as Chapter 13bankruptcies, collection accounts, late payments, judgments, and repossessionsfor up to 7 years after the date that the information was first reported asu n f a v o r a b l e . T h e r e a r e e x c e p t i o n s t o t h i s r u l e , h o w e v e r . So m e b a n k r u p t c y i t e m sc an b e r ep or te d f or u p t o 10 y ea rs , s uc h a s C ha pt er 7 , C ha pt er 1 1 , an d C ha pt er 1 2 .


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A n o t h e r i t e m t h a t i s r e p o r t e d i s c a l l e d i n q u i r i e s . T h e s e c a n r e m a i n o n y o u r f i l efrom anywhere between six months to two years depending on where that inquiry

c ame f ro m. In qu ir ie s a re ma de ev ery s in gl e t ime t ha t yo u a ppl y f or c re di t,i n su r an c e; s u ch a s c a r i n su r an c e, l i fe i n su r an c e, o r h o me o w ne r s i n su r an c e; o r e ve n w he n y ou y ou rs el f l oo k a t y ou r o wn c r ed it r e po rt .

I t s g oo d p ra ct ic e t o a vo id a pp ly in g f or l o ts o f c re di t c ar ds a t t he s am e t im e,because that is often looked at as a desperate act of someone in a bad financials i t u a t i o n . I t s g o o d t o k n o w t h a t i n q u i r i e s a s w e l l a s n e g a t i v e c r e d i t h i s t o r i e s c a nbe disputed if they are inaccurate, or better yet, older than the 7 or 10 yeart i m e f r a m e t h a t t h e y a r e a l l o w e d t o r e m a i n i n y o u r c r e d i t f i l e . I f y o u h a v e b e e nd e ni e d c r e d it , y o u c a n p r oc e ed t o t h e c r e d it b u re a us s e ct i on a n d r e q u e st a f r ee

c o p y o f y o u r r e p o r t . I n a d d i t i o n , y o u c a n g r a b y o u r r e p o r t f r o m t h e a n n u a l c r e d i tr e p o r t w e b s i t e f r o m a l l t h r e e b u r e a u s c o m p l e t e l y f r e e o n c e e v e r y y e a r . O n c e y o uh a v e t h o s e r e p o r t s , l o o k a t t h e n e g a t i v e i t e m s ( i f t h e r e a r e a n y ) , a n d r e v i e w t h e mf o r a c c u r a c y . I f y o u f i n d a n y t h i n g w r o n g , y o u a r e a l l o w e d t o d i s p u t e t h e i t e m su n de r F C RA ( F a ir C r ed i t R e po r ti n g A c t) l a ws .

After you dispute items on your reports, the credit bureaus are required by FCRAl a w s t o v e r i fy t h e i n f o r ma t i o n f o r a c c ur a c y a n d u p d a te y o u r r e p o r t w i th i n 3 0 d a y s .Y o u w i l l n o t i c e a t l e a s t o n e o f t h e s e b u r e a u s c l a i m i n g t h a t t h e y h a v e 4 5 d a y s t os e n d y o u a r e s p o n s e , b u t y o u c a n i g n o r e t h a t . N o t h i n g p l a c e s t h e b u r e a u s a b o v e

the law. If the 30 days pass, you can send a signed letter to the bureaus (signaturer eq ui re d) d em an di ng t ha t t he i te m b e r em ov ed p er F CR A l aw s. I f t he y f ai l t oc o m pl y , y o u c a n r e p o r t t h e m t o t h e Fe d e r al T r a d e C o m m is s i o n , a n d p o s si b l y e v e ns u e t he m f or b r ea k in g t h e l a w.

~ The Secured Credit Card ~

P l e a se p a y s p ec i a l a tt e n t io n t o t h i s s ec t i o n:

T hi s r ea ll y w or ks ! D oi ng a q ui ck G oo gl e s ea rc h f or s ec ur ed c re di t c ar ds w il lbring up a ton of results. Or, you can proceed to CreditCards.com which has a list


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o f v ar io us c re di t c ar d t yp es .

Secured credit cards are accounts which you place your own money into, and they

g i v e y o u a c r e d i t c a r d w i t h a l i m i t e q u a l t o y o u r a c c o u n t b a l a n c e . I f y o u r e i n i t i a lf un di ng a mo un t i s $ 30 0, t he n t ha t w ou ld b e y ou r c re di t l im it . C re di t b ur ea usd on t d is cr im in at e o r d if fe re nt ia te s ec ur ed c re di t c ar ds f ro m u ns ec ur ed c re di tc a r d s . T h e y t r e a t t h e m t h e s a m e w h e n i t c o m e s t o s c o r i n g . I f y o u u s e y o u r c r e d i t ,a nd m ak e p ay me nt s o n t im e, t he n y ou w il l b en ef it j us t l ik e s om eo ne w it h a nunsecured credit card would. Its wise to be careful with secured cards despite thefact that its your money being used to create them. Just because you have a $300l imit doesnt mean you should go out and spend it. You want to keep thed i ff e re n ce b e tw e en y ou r a c tu a l c r ed i t l i mi t a n d y ou r a v ai l ab l e c r ed i t f a r a p ar t .W i t h a $ 3 0 0 l i m i t f o r e x a m p l e , i t s a g o o d i d e a t o u s e o n l y $ 5 0 - $ 1 0 0 o f i t a t a n yg i v e n t i m e . I f y o u u s e d $ 1 0 0 , t h e n y o u w o u l d h a v e t w o - t h i r d s o f y o u r c r e d i t s t i l l

available. Credit bureaus look at your available credit and your actual credit limit.I f y o u a r e u s i n g y o u r e n t i r e c r e d i t l i m i t o r e v e n c l o s e t o i t , y o u a r e c o n s i d e r e d ar i sk b e ca u se y o u a r e m a xi n g o u t y ou r c a rd s . G e n e ra l ly p e op l e i n b a d f i na n ci a ls i t u a t i o n s d o s u c h t h i n g s , a n d t h e b u r e a u s k n o w i t . I f y o u w a n t a c c e s s t o a l a r g e r a m ou n t o f c r ed i t t ha t y ou c a n u s e, t h en y o u w i ll n e ed t o o p en a c o u pl e o f d if f er e nts e c u r e d c r e d i t c a r d s , a n d s p r e a d t h e a m o u n t y o u n e e d t o u s e e q u a l l y a c r o s s t h e m .T h is wa y, y o u a l wa y s h a ve a g o od a m ou n t o f a v ai l ab l e c r ed i t t h at s n o t t i ed up .

After a few months to a year of on time secured credit card payments, your credits c o r e w i l l b e i n a v e r y d i f f e r e n t p l a c e t h a n w h e n y o u s t a r t e d . C h a n c e s a r e , y o u

will start receiving offers in the mail for unsecured credit cards. This doesnt givey o u t h e o p p o r t u n i t y t o g o n u t s w i t h y o u r n e w c r e d i t t h o u g h . B e w i s e a n d c a r e f u lw i t h y o u r c r e d i t s o t h a t i t c o n t i n u e s t o g e t b e t t e r . E v e n t u a l l y , y o u w i l l h a v e a ne x c e l l e n t c r e d i t s c o r e i n t h e 8 0 0 s . W h e n l o o k i n g f o r a s e c u r e d c r e d i t c a r d , y o uwant to make sure that they actually report to the major credit reporting agencies.So m e s e c u r e d c r e d i t c a r d s a r e n t i n e x i s t e n c e f o r t h e p u r p o s e o f c r e d i t r e p a i r , b u tr a t h e r a s a s o u r c e o f d e b i t s o t h a t t h e c o n s u m e r h a s a c c e s s t o a n e a s y p a y m e n tm e t h o d w h i c h t h e y c a n u s e f o r o n l i n e t r a n s a c t i o n s . A l s o , c h e c k t h e d e t a i l s o f t h ec r e d i t c a r d o f f e r t o f i n d o u t w h a t k i n d o f i n t e r e s t r a t e t h e y o f f e r . M a n y s e c u r e dc a r d s w i l l s t a r t o u t l o w , a n d t h e n s h o o t u p t o 2 0 % o r m o r e . C o n s i d e r i n g t h a t y o uare using your own hard-earned money to secure your credit card, so do you want

t o p ay a r i di c ul o us i n t er e st r a te t o u se y o ur o w n mo n ey ?

~ The Secure & Borrow ~

W h e n r e p a i r i n g y o u r c r e d i t , y o u h a v e t o t h i n k a b o u t h o w i t c a n b e d o n e q u i c k l y ,and have the most effectiveness. The best way to do that is with new credit being


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r ep or te d t o t he m aj or b ur ea us . T he re a re m an y b an ks t ha t r ep or t l oa ns t o t hebureaus. I know you think Im nuts for saying you are about to get a loan, but justh an g w it h me h er e

T h e l o a n I w a n t y o u t o g e t i s a s e c u r e d l o a n . T o d o t h i s , y o u w o u l d o p e n u p as a v i n g s o r C D a c c o u n t w i t h y o u r b a n k , a n d g e t a l o a n w h i c h i s s e c u r e d a g a i n s tt h i s n e w a c c o u n t . B a n k s a r e w e l l a w a r e o f t h i s t e c h n i q u e , a n d t h e y a r e m o s t l y o k w i t h i t b e c a u s e t h e y a r e m a k i n g a l i t t l e b i t o f i n t e r e s t o f f o f i t , a n d t h e s e c u r e df u n d s a r e w i t h t h e i r b a n k . D u r i n g t h i s l o a n , y o u w i l l h a v e t h e m o n e y t a k e n f r o mthe new account to pay off the loan. You want to take at least three months to payo f f t h e e n t i r e l o a n a m o u n t s o t h a t i t g e t s r e p o r t e d f a v o r a b l y t o t h e m a j o r c r e d i tbureaus. Loans by actual banks are given high score priority over things likec r e d i t c a r d s , o r m e r c h a n t c a t a l o g c a r d s . A s a m a t t e r o f f a c t , t h e y a r e r i g h t u n d e r t h er e w i th t h e h o me l o an s , th e n ca r l o an s .

Y ou c an f in d o ut i f y ou r b an k w il l a ll ow t hi s t yp e o f s ec ur ed l oa n b y s im pl yc al li ng t he m a nd s pe ak in g w it h a n a cc ou nt r ep re se nt at iv e. T el l t he m y ou a ret r yi ng t o r e pa i r y ou r c r ed i t, a n d y o u w o ul d l i ke t o t a k e o u t a p e rs o na l l o an s e c ur e dby a new savings account or CD in which the loan payments would be takenf ro m. T he w or st t he y c an t el l yo u i s n o.

I f y o u a r e s u c c e s s f u l w i t h o n e b a n k , i t s a g o o d i d e a t o r e p e a t t h i s p r o c e s s w i t ho n e o r t w o m o r e b a n k s . T h i s w a y , y o u h a v e m o r e t h a n o n e i n s t i t u t i o n v o u c h i n gf or you r c re di t wo rt hi ne ss t o t he b ure au s. You r l oan a mo un ts a nd a cc ou nt

balances should be at least $1,000 to make this technique worthwhile. If you canmaintain this process over the course of a year, you are likely to get some seriouss c or e i n cr e as e s a n d e s ta b li s h y o ur s el f a s a s a fe b e t f o r l e nd e rs .

~ The Credit Agencies ~

T he re a re t hr ee m aj or c re di t r ep or ti ng a ge nc ie s i n t he Un it ed S ta te s. T ho seagencies are Transunion, Equifax, and Experian, and they make up for more than9 0 % o f a l l c r e d it r e po r t i ng i n t h e U. S.

T h e c r e d i t ag e n ci e s a r e c o m pe t i n g wi t h e a c h o th e r , a n d t he r e f or e , t he y d o n t s ha r ei n f o r m a t i o n w i t h e a c h o t h e r . B e c a u s e o f t h i s , y o u m a y h a v e g o o d c r e d i t o n o n ebureau report, while a different report will show negative items. Businesses thatr e l y o n c r e d i t h i s t o r i e s a n d s c o r e s w i l l o f t e n s u b s c r i b e t o a l l t h r e e m a j o r b u r e a u si n o rd e r to r ed u ce r i sk a n d g e t a m o re a c cu r at e d e ta i l of y ou r c r ed i t w o rt h in e ss .


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B e l o w i s t h e c o n t a c t i n f o r m a t i o n f o r t h e m a j o r c r e d i t r e p o r t i n g b u r e a u s a n d t h e i r corporate addresses. In addition, you can go to their websites to perform disputesonline.

Experian

Experian475 Anton Blvd.C o s t a M e s a, C A 9 26 2 61-714-830-7000

Experian955 American LaneSc h a u mb u r g , IL 6 0 1 7 31-224-698-5600

Website: http://www.experian.com

Equifax

Equifax Credit Information Services, Inc.P.O. Box 740241A t l a nt a , G A 3 0 3 7 41-866-243-8181

Website: http://www.equifax.com

Transunion

Annual Credit Report Request ServiceP.O. Box 105281A t l a nt a , G A 3 0 3 4 8 -5 2 8 11-800-888-4213


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Website: http://www.transunion.comDisputes: https://dispute.transunion.com/

C h ap t er 8 : C . R. E. A .M C as h R ul es E ve ry th in g A ro un d M e! ! !

W e t a l k e d a b o u t P o p c u l t u r e , a n d h o w i t r e l a t e s t o p r e t t y m u c h e v e r y o n e o n t h eplanet. But you still dont know how its done, how you get to the MONEY!!!L u c k y f o r y o u , I m a b o u t t o r e v e a l a l l o f t h e i n d u s t r y s e c r e t s b e h i n d r e a l e s t a t e ,a n d h o w A NY ON E ca n s t ac k u p "p a pe r " w hi l e th e ir h o us e i s st a ck i ng u p e q ui t y!

W h e n g o i ng t h r o ug h a l l o f t h i s i n - d e p th m a t e r i al , i t ' s r e c o m me n d e d t h a t y o u s t ud yi t w e l l b e f o r e j u m p i n g i n t o t h e i n v e s t m e n t g a m e . T h a t d o e s n ' t m e a n y o u h a v e t ok no w e ve ry s in gl e t hi ng t he re i s t o k no w b ef or e y ou m ak e y ou r f ir st p ur ch as e

o ff er . A s a ma tt er o f f ac t, m ak in g o ff er s i s e nc ou ra ge d. T he p ro bl em m os te v e r y d a y p e o p l e f a c e i s t h e f e a r o f a c t u a l l y s i g n i n g a n i m p o r t a n t p i e c e o f p a p e r t h a t b i n d s t h e m t o m a k e a s e r i o u s p u r c h a s e . I f y o u n e v e r s u b m i t o f f e r s , y o u a r eg u a r a n t e e i n g t h a t y o u w i l l n e v e r h a v e s u c c e s s

jay morrison - hip hop 2 homeowners

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