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Posts tagged “Cash Flow”.

How to Be a Quick Turn Real Estate Millionaire Make Fast Cash with No Money Credit or Previous Experience

How to Be a Quick Turn Real Estate Millionaire Make Fast Cash with No Money Credit or Previous Experience

Huge fortunes can be amassed by holding real estate for the long term-up to 20 or 30 or years in some cases. Yet most people don’t have the luxury of time and need cash to cover their day-to-day expenses.

To that end, nationally renowned real estate expert Ron LeGrand has developed a method of buying real estate to generate cash that he calls “quick turning.” Over the past 15 years, he has bought and sold more than a thousand properties for fast-cash profit using the method.

In Fast Cash with Quick Turn Real Estate: How Anyone Can Convert Single-Family Homes into Cash without Money or Credit, LeGrand shares this system for building long-term wealth. With wit and wisdom, he outlines four main categories of “quick-turn” transactions: retailing, wholesaling, assumptions, and lease/options. He helps readers understand which type of transaction is appropriate for their specific cash flow goals, and he reveals how-to secrets that real estate investors, and wannabe investors, can use to:

• Get rich on fixer-uppers without lifting a hammer.
• Find motivated sellers.
• Negotiate win-win deals.
• Sell houses fast.
• Succeed while others fail.

LeGrand also shares student success stories to make his material accessible and easily understandable.

User Ratings and Reviews

5 Stars Good info until 2008
If you look at the market now…You will know what I am talking about it.

3 Stars LeGrand’s Real Estate
Fight The Good FightI’ve paid thousands of dollars to attend Real Estate seminars and have been a full time Real Estate investor. LeGrand is the king of selling product. The books are well worth the investment because you can usually learn enough to earn many times what you paid for the information in the book. On the other hand the seminars & courses are really pricey. Many people spend upwards of 20-30k on seminars without ever doing a real estate deal. LeGrand’s greatest student is probably Robin Thompson, the Queen of Rehabs, who has become a millionaire many times over using his techniques (I’m one of her students). I have a good friend who spent 5 grand for a LeGrand course and never made any money with it. In essence it all depends on the person. Some can take these techniques and become wealthy. Others can’t.

2 Stars Okay To Pass This One Up
A whole lot of sizzle, but I could have used more steak!

How to Make Big Money In Your Own Small Business Unexpected Rules Every Small Business Owner Needs to Know

How to Make Big Money In Your Own Small Business Unexpected Rules Every Small Business Owner Needs to Know

ver dream of starting your own business? According to USA Today, more than 47 million people want to own their own businesses and over 20 million actually do. In How to Make Big Money in Your Own Small Business, bestselling business author Jeffrey Fox offers sound rules to succeeding in small business, whether you’re running a bookstore, consulting business, or restaurant. In short chapters that range from administration and cash flow to marketing and hiring, Fox reminds entrepreneurs what’s important and what’s not, what makes a business succeed, and what causes it to fail.

User Ratings and Reviews

4 Stars big biz
Jeffery fox gives some good ideas that will basically work with any type of business. ideas can be adapted to suit your ideas and plans

5 Stars Easy & Motivating Reading…
The book inspired and motivated me to do bigger things. There were lots of free space between the chapters whereon I took numerous notes that created my topics for brainstorming. I wished that all the books are published in the same manner, so that we have free space to take notes-think and create new ideas.

3 Stars Good reminder of Nothing new..
You will probably not find anything new in this book. However, it lists you several things that we tend to forget in our everyday activities.

Easy to read and motivational.

4 Stars Value Depends on Where You Are in Small Business Cycle
The book is divided into roughly 3 sections: for the budding entrepreneur, for the micro (i.e. one man) shop, and for the small (under 50 person) business.

Pages 1-25 and then 129-144 focus on what to do/understand before you actually start your business. Based on my own mistakes in the professional service field, I’d like to have seen a statement or two about don’t quit your day job until you have a paying customer, but Mr. Fox gets close enough to the ideal. That said, if you are a micro-sized business (10 or under people), this is good refresher stuff and may even give you some ideas to tackle to improve your business. If you are over 10 people in your business, consider skipping these sections.

In between page 26 and page 128, the advice applies equally well to micro and small businesses, although pages 92-97 are only applicable if you have more than 10 people working for you.

Throughout are some real gems of advice … and more importantly … the logic behind the advice. The ones that I found most intriguing and resonating were:

1. Cash in the bank is more important than “to be collected” profit

2. Stay off committees, boards and other time-intensive activities that networking gurus often proclaim as key to building business

3. The difference between a penny-saver and a penny-pincher, and why you want one but not the other.

I’ve read nearly all of Mr. Fox’s books, and this is certainly a good one that deserves to be read by anyone thinking about starting up their own business or anyone currently running their own business…or anyone working in a small business.

3 Stars Worth the read…maybe not a buy.
I’ve decided, as I’ve started to do some more extensive reading in the area of small business, in the hopes of shortly starting our own family business, to provide some more thorough reviews for books, whether good or bad. I started with this one, from the library I might add and I have to admit some of the recommendations and the fact that it seems more of a motivational book almost geared towards some type of stereotypical “soccer mom” or “housewife” wanting to start her own business put me off.

The book, though short (150 pages) makes for a good read I must confess. It seems centered on providing a lot of good motivational passages and some of the later chapters that I’ll mention make it worthwhile in the end. He starts off early on by giving a nice little small biz priority list one should keep in mind at all times.

I’ll start off with the negatives. The author makes several over the top suggestions by the author, you be the judge. In section XII, “Hire ex-paperboys”, he suggests that those who were (and you can imagine the millions that were…) are “mentally tough”, “independent” are better businessmen because of this. I tend to disagree seeing that any work done in teenage years can teach the importance and value of working. But what really disturbed me is that he went on to say “good child labor produces good adult employees” and last but not least “if you interview someone who washed out as a paperboy, wash your hands of that job candidate”. Advice I think most business owners would be wise enough NOT to follow.

It however gets worse when the author makes the suggestion that in order to “maximize” your time and money, we hire I kid you not, a personal driver. He goes at some length to explain the benefits of this, suggesting it’s not a luxury, but that driving is a “time thief”, doesn’t allow an owner to maximize his time and money and that there are plenty of retired people and part time works who would fit the bill. Unfortunately for me this is just a ridiculous point that I could only see happening in either Manhattan or possibly LA, if even that, especially if meeting clients or going to them is part of your job and what you enjoy.

I also disliked the following chapter on how to cope with the loss (firing or quitting) of an employee in that you should treat it as a death! The section itself is entitled “What if he had died”. Not something I think needs to be brought up in such a way for a small business book especially in such a sinister comparison. He ends that section with “What if he had died? You can’t care. You have customers to sell, to serve. You have a business to run. Get on with it.”

As for the positives, and there are many spread throughout the book including tips such as the difficulty of truly doing productive work from a home office, and the difference between “fame” and “fortune” when stating “unless fame is part of your marketing plan, fame is for ego. You can’t put ego in the bank.”

What I enjoyed the most from the book, not necessarily being a numbers person but rather someone who understands its importance in day to day operations, was the chapters regarding the break point analysis. I don’t believe many small business owners consider it from the get go, especially in retail, and it is definitely more applicable for those types of businesses versus “service” businesses (consulting, landscaping, painting, etc).

This is obviously a very if not overly thorough summary of this book but hopefully one that will provide the best possible insight into what you can get out of it. I would have given this book most likely a 2.5 out of 5 if not for the last few chapters that actually could benefit many small business owners as well as for some of the useful motivational tips the author often quotes, some of which can definitely be ignored and others that provide more food for thought.

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Posted by at 5:17 pm on May 17th, 2009. No comments... »
Categories: Book. Tags: Brainstorming, Business Author, Business Cycle, Business Ideas, Business Pages, Cash Flow, Consulting Business, Day Job, Entrepreneur, Everyday Activities, Free Space, How To Make Big Money, Jeffrey Fox, Man Shop, Person Business, Professional Service, Reminder, Small Business Owner, Starting Your Own Business, Usa Today.