and insurance, thereby leaving
you with a bit of a positive cash
flow and a large share in future
equity build-up from principal
reduction and appreciation…
and all without credit qualify-
ing or a down payment.
Remember that this type of
“seller” is not worried about
money upfront (as there is no
equity to sell) or allowing you
and your resident co-beneficia-
ry take over his Pain and get
him away from his cash-drain
and the threat of foreclosure
and deficiency judgment. Your
resident beneficiary is not con-
cerned about the over encum-
brance, as he only cares about
an affordable payment and a
much nicer home than he could
ever afford otherwise. Also…
if the monthly payment is way
out of line for that type of prop-
erty, the seller (relinquishing
party) won’t mind paying a part
of it (perhaps just the property
tax and/or insurance), which
will be a lot better for him than
the amount he’s been paying:
i.e., the full mortgage payments
PLUS property tax, insurance
and homeowner’s association
dues.
In the above scenario, ask
yourself whose credit is at risk
here; who is making the pay-
ments for you; who is getting a
free house (or part of one); and
who has a virtually risk-free
real estate investment despite
having had no cash or credit to
start off with.
Want more free houses?
NARSCor offers a mortgage
amelioration program where-
by we effect mortgage loan
elimination, and then sell the
property, sharing our proceeds
with our finders and network
members at the rate of 10 to 50
percent of our profit potential.
(For example, on a $1 million
eliminated or compromised
mortgage, depending upon
your status with us (Finder or
paid Network Member), you
either get $50,000, $125,000 or
Realty411Guide.com
$250,000 when I sell the prop-
erty following our expunge-
ment of the loan. Our success
thus far = 100 plus transactions
closed; 150 in various stages of
progress and 15 new closures
in final negotiations. To initiate
handling for a homeowner (in
foreclosure or not…even after
the bank’s sale of the proper-
ty), we need $7,995 upfront for
a refundable Trust Contingen-
cy Fund in order to handle the
transaction, and that money is
always fully refunded (100%)
in full whether we would be
successful or not.
More free houses? Bring us
a short sale that we can close
and you’ll end-up with 10, 25
or 50 percent of the profit upon
re-sale.
More? Find a large, fur-
nished home that would be
desirable as a prime vacation
home, that is (may be) over-
encumbered (and where the
payments are too high for the
owner); then agree to take
over the payments and man-
agement responsibilities. You
then put the property into the
NEHTrust™ and bring in as
many co-beneficiaries as you
want who will use the property
for a specified number of days
or weeks per-year. Divide the
current monthly obligation
by 10 or 12 to establish what
each of your co-beneficiaries
will pay per-month for their
share, and you then charge,
say $10,000 to $15,000 from
each party for their respective
“time share” rights. It’s easy
to calculate what your up front
moneys are going to be and
how much monthly positive
cash flow you will have with,
say, twenty co-beneficiaries.
A couple of these might set
you up nicely for life.
Be sure to read the second part
of this article, with the answers
to The List in the next issue!
For information on Bill Gat-
ten, email bg@landtrust.net
CONTACT US
BILL GATTEN CENTER
for Wealth & Education
6520 Platt Ave., St. 548
West Hills, CA 91307
1 800 409 3444
FAX 1 800 967 0333
home@landtrust.net
www.landtrust.net
PAGE 37 • 2011
Bill Gatten
Renowned Author
National Lecturer
& Investor
reWEALTHmag.com