Don’t you love it when everybody wins?
These win-win scenarios are certainly rare to find, but they’re also the best sources of life-changing money.
And thankfully there’s a simple trick that virtually anyone, including YOU, can use to set up one win-win scenario after another, and make big money from each one…
For this to work for YOU, I first need you to put aside your skepticism about making money through real estate (if you have any).
Once you do so, this opportunity will become a very real way for you to make tens of thousands of dollars, no matter which role you find yourself in!
Check out this scenario, and imagine yourself in either situation:
Let’s say that you have a friend named Bill. Well Bill has been researching homes in the area for a month or two, and just found a deal on a fixer-upper.
Here are the details:
- The house costs $100,000
- When work is completed, the same house should cost $200,000
- Materials for the repair and updating work will cost $20,000
Now, Bill will be able to make the down payment and will easily get the loan, but he doesn’t have the money to hold the property while it’s being fixed up and to pay for the fix-up itself.
This is where you come in – when Bill tells you all of the above, you get an idea…
Instead of letting money sit in your pension fund with minimal return, you can instead use it to help Bill out AND get a great payday in the process!
Bill will like to get $10,000 for doing the repair work and setting up the deal in the first place. But after that $10,000, you’ll split the $70,000 profits when it’s all said and done.
$100,000 for the cost of the house
+ $20,000 for the materials
+ $10,000 for Bill’s efforts
= $130,000
$200,000 (value of home after repairs) – $130,000 = $70,000 to be split.
OK, here’s your part:
You direct your IRA to buy an option (which gives you the ability to buy the house within a certain time frame) for $20,000 to buy the house for $145,000.
Here’s what happens when the house sells for $200,000:
- Your IRA closes to buy the house or $145,000 and sells it for $200,000.
- Your option for $20,000 to buy the house up front will receive $35,000, so your $20,000 investment turned into $55,000!
- Bill receives $145,000 from your close, and his gain is $10,000 for the work + $35,000 for his share of the profits, which comes to $45,000!
So everybody wins, everybody makes big money, and it could all be done within a matter of a few months!
And now you’re ready to do it again…
