If your child is ready for college and you find your bank account unprepared for the costs that have risen exponentially since your child was born, it can wreak havoc with your finances. And the thought of your child being saddled with high student debt for much of his or her future is disheartening and depressing. But all is not lost.
"The Simple Man's Guide to Real Estate" can show you how to buy and use a 4 bedroom home in the town where the kid will be going to college to provide a totally free college education, and maybe make a nice profit to boot. It also provides you with a lot of tax deductions.
The strategy would include making your child the building manager and leasing the other three bedrooms out to 6 other college kids BY THE FULL YEAR, not just the school year. Make sure their parents sign the lease agreement if the student is under 21.
While your child attends college, there is no housing expense because the child has a room in the house. The child is the building manager and you can pay him/her a management fee, tax deductible for you, and that money buys the child's books etc.
When your child comes home for Holidays or you go to visit, the expenses are tax deductible - you are meeting with your hired building manager. It's business.
The leases from the 3 other bedrooms, each room shared by two students ( a total of 6 rents if your child has a PRIVATE room) earns you enough money to pay all the buildings expenses plus many of your child's other college and living expenses. College is getting cheaper all the time.
When the child graduates, contact the parents of students who will be attending the college next year (the Dean can give you a list) and tell them what you did and offer to show them how. Surely one will buy the house from you. The proceeds will pay off the remaining college loans, any mortgage and still have money left over.
"The Simple Man's Guide to Real Estate" can provide all the details necessary to do this, as well as many, many other real strategies and tips for making money in real estate. Go ahead, give it a try!
Friday, December 13, 2019
Friday, December 6, 2019
Combatting Homelessness - Doing Everything Wrong?
For several years I ran the largest homeless shelter in New Hampshire - New Horizons for New Hampshire - which usually housed up to 120 people each night. Our shelter also included a soup kitchen and a community food pantry. Before that I was a resident at that shelter, having been homeless for three years after a very traumatic event. And from those experiences, and statistics I gathered, I believe I have a pretty fair idea as to what can and what cannot help combat homelessness effectively. But even so, this is still not a complete solution.
When a mayor like DeBlasio (or even a governor) tries to "solve" the problem by shipping the homeless to other states, the only problem he is solving is his own. And when other lawmakers like those in California try to solve the problem by putting millions of taxpayer funds into "low cost housing", they simply do not understand homelessness at all - they may as well throw all that money right into the dumpster for all the good it will do.
The first step is to determine, and then separate the usual "causes". You cannot cure something if you do not know what causes it. Here are some stats from my tenure running the shelter, for the major issues. Bear in mind that some suffered more than one causation. For example, an alcoholic might also have a mental issue. The following are the primary causes:
Each of the above would naturally require a different type of intervention. A one-size-fits-all solution such as increasing low-cost housing is both absurd and ignorant. Low cost housing or subsidies would only be helpful for the 3% dispossessed, with a smattering of the less hardcore addicts and those with only minor mental issues.
At New Horizons we had case workers during the day who would attempt to help the residents overcome whatever issues they had, and referred residents to medical or mental health professionals as needed. For those temporarily dispossed, they would assist is "smoothing" out the path forward - bus tickets to get back and forth to a job; finding temporary, low cost housing; finding jobs - whatever was needed, including family counseling. For those who were simply avoiding responsibility (lazy) they were given 60 days to find and keep a job, and get a place of their own. Failure to do so would result in being denied further shelter services (except the soup kitchen).
About 1/3 of the addicted residents (drugs or alcohol) were beyond help. They were provided all the basic needs without any strings attached, usually until they died.
And those with severe mental impairments were also cared for with the basics - when a leftist Supreme Court ordered the closing of mental institutions nationwide, hundreds of thousands of seriously ill people were just put onto the streets, most without benefit of any follow-up or out-patient care. The best and most compassionate intervention for those people would be for the states to reopen facilities for such individuals. They cannot be be incarcerated by force, but they should still have access to a "home" under supervision where they can be cared for and provided with medical needs.
Homelessness, therefore, is not the problem. It is the result of some other, less obvious problem. Root out the core problem(s) for a homeless person and you greatly increase the chance of being able to help.
[Brought to you as a PSA by "The Simple Man's Guide top Real Estate Investing"]
When a mayor like DeBlasio (or even a governor) tries to "solve" the problem by shipping the homeless to other states, the only problem he is solving is his own. And when other lawmakers like those in California try to solve the problem by putting millions of taxpayer funds into "low cost housing", they simply do not understand homelessness at all - they may as well throw all that money right into the dumpster for all the good it will do.
The first step is to determine, and then separate the usual "causes". You cannot cure something if you do not know what causes it. Here are some stats from my tenure running the shelter, for the major issues. Bear in mind that some suffered more than one causation. For example, an alcoholic might also have a mental issue. The following are the primary causes:
- Alcohol/drug addiction - 61%
- Mental impairment - 32%
- Just want a free ride and no obligations - 4%
- Temporarily dispossessed - 3% (often marital or family issues)
Each of the above would naturally require a different type of intervention. A one-size-fits-all solution such as increasing low-cost housing is both absurd and ignorant. Low cost housing or subsidies would only be helpful for the 3% dispossessed, with a smattering of the less hardcore addicts and those with only minor mental issues.
At New Horizons we had case workers during the day who would attempt to help the residents overcome whatever issues they had, and referred residents to medical or mental health professionals as needed. For those temporarily dispossed, they would assist is "smoothing" out the path forward - bus tickets to get back and forth to a job; finding temporary, low cost housing; finding jobs - whatever was needed, including family counseling. For those who were simply avoiding responsibility (lazy) they were given 60 days to find and keep a job, and get a place of their own. Failure to do so would result in being denied further shelter services (except the soup kitchen).
About 1/3 of the addicted residents (drugs or alcohol) were beyond help. They were provided all the basic needs without any strings attached, usually until they died.
And those with severe mental impairments were also cared for with the basics - when a leftist Supreme Court ordered the closing of mental institutions nationwide, hundreds of thousands of seriously ill people were just put onto the streets, most without benefit of any follow-up or out-patient care. The best and most compassionate intervention for those people would be for the states to reopen facilities for such individuals. They cannot be be incarcerated by force, but they should still have access to a "home" under supervision where they can be cared for and provided with medical needs.
Homelessness, therefore, is not the problem. It is the result of some other, less obvious problem. Root out the core problem(s) for a homeless person and you greatly increase the chance of being able to help.
[Brought to you as a PSA by "The Simple Man's Guide top Real Estate Investing"]
Thursday, December 5, 2019
Wholesaling Real Estate Made Simple
As many of you may already know, Bill Vaughn, the investor that created "The Simple Man's Guide to Real Estate" program has helped to make a lot of people a lot of money.
Over the last few months there have been hundreds of requests for Bill to put together a simple, yet very detailed guide to wholesaling, i.e assigning, for those who only want to concentrate on that very simple type of risk-free investing. And Bill listened.
He has completed work on "The Simple Man's Guide to Wholesaling Made Easy", and is offering it at the super low price of $29.95 for a limited time only.
The guide is detailed in plain English, in a simple step-by-step format, from locating a property, and right up to the moment you collect the assignment fee. Assigning can yield up to $10,000 or more in as little as a couple of weeks, and you do not even have to go to a bank for a mortgage, or go to any closings.
If you have ever dreamed of getting into real estate investing without having to shell out the huge sums (up to $35,000) for some "infomercial guru" to teach you, this is your best bet.
At least check it out - you can do that for free.
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Over the last few months there have been hundreds of requests for Bill to put together a simple, yet very detailed guide to wholesaling, i.e assigning, for those who only want to concentrate on that very simple type of risk-free investing. And Bill listened.
He has completed work on "The Simple Man's Guide to Wholesaling Made Easy", and is offering it at the super low price of $29.95 for a limited time only.
The guide is detailed in plain English, in a simple step-by-step format, from locating a property, and right up to the moment you collect the assignment fee. Assigning can yield up to $10,000 or more in as little as a couple of weeks, and you do not even have to go to a bank for a mortgage, or go to any closings.
If you have ever dreamed of getting into real estate investing without having to shell out the huge sums (up to $35,000) for some "infomercial guru" to teach you, this is your best bet.
At least check it out - you can do that for free.
/
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