Fast Profits in Hard Times will teach you everything you need to know
and give you specific resources (websites, toll-free numbers, etc) to implement
the following 10 strategies:
1. Invest in Tax Liens
Buy liens placed on properties by municipalities because owners have fallen
behind in paying their property taxes. Then, when the property owners pay what
they owe to the municipalities, receive not only a return of your principal but
also a penalty interest rate set by the municipality, typically in the range of
8% to 25%. If the property owner defaults altogether, take possession of the
property for a fraction of its real value: the sum of the back taxes you've
already advanced. You can then sell the property, even a bit below its market
value, for a huge profit.
2. Buy Real Estate Below Market Value
Identify real estate sellers who are willing to accept less than their
property's full market value for a variety of reasons. Then resell the property
immediately at a profit, rehab it, rent it out, or even live in it yourself, all
with the built-in financial cushion of having purchased the property for far
less than it is truly worth.
3. Invest in Income Trusts and Master Limited Partnerships
Earn high yields of 8% to 13% by investing in trusts that extract or transport
natural resources such as oil, gas, coal, or timber. Such trusts pass a large
amount of their earnings directly to investors through monthly dividends.
Depending on the trust or MLP, some of the distributions may be considered a
tax-free return of capital, boosting your after-tax return even more.
4. Invest in High-Yield Stocks
Invest in stocks with stable businesses that pay dividend yields of 5% to 15% or
more. Some industries offering such high yields include electric utilities, oil
tankers, and real estate investment trusts, and several broad-based closed-end
mutual funds. This is a way to make your capital compound with very little risk
when you reinvest the dividends or to boost the income you live on if you take
the dividends in cash.
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5. Enroll in Dividend Reinvestment Plans
Invest in companies that offer Dividend Reinvestment Plans, known as DRIPS,
which allow you to use dividends to purchase
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