Russ Dalbey's Blog
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Jan282010
Half Of Home Sales In U.S. Done With Cash Flow Notes?
by Russ Dalbey
Want to know the future of the Cash Flow Business? Look at the past.
I just stumbled across an amazing article in the real estate section of the New York Times.
The article I found is actually 28 years old… and that’s what makes it so incredible. Because by looking at the past we can actually study this information and make some predictions about what the future will bring.
So let’s travel back to 1982.
Ronald Reagan was in office. The 49er’s won the Super Bowl. M.A.S.H. was the top show on T.V. And bank interest rates were…
Sky High!
As a result, many would-be home buyers were balking at the idea of signing up for a mortgage with an 18% (or higher) interest rate. And with home buyers sitting on the sidelines waiting for interest rates to come back down, home SELLERS were stuck.
That’s why many home sellers started offering seller-financing (which is just another word for cash flow notes.)
In fact, in 1982 the National Association of Realtors estimated that nearly 50% of all home sales involved some form of seller-financing. Can you imagine how many new cash flow notes were created in 1982!
Today, You’ve Got A Similar Opportunity
Right now, in 2010, we’re facing similar circumstances. Of course, interest rates on mortgages are much, much lower. But qualifying for a bank mortgage has become extremely difficult – so the result is the same if not even worse.
Which means many would-be home buyers can’t get bank mortgages, even if they’ve got good jobs and good credit. Now, if you wanted to buy a home but the bank wouldn’t give you a loan… what could you do?
Well, you could do what people did in 1982… and ask the home-seller to offer you seller-financing. And that’s exactly what I suspect many home-buyers will do in 2010, which could cause another explosion in cash flow notes.
I mean, look at it this way:
In 1982, home-buyers couldn’t get bank mortgages because of high interest rates. So many buyers asked the sellers to “carry-back financing” (fancy term for “create a cash flow note”). And as result, there was an EXPLOSION in cash flow notes.
Today, in 2010, many home-buyers can’t get mortgages because of tighter lending requirements. So I think many buyers will ask the sellers to “carry back financing.”
As a result, the number of cash flow notes created will…?
What do you think will happen?
Leave your thoughts in the comments.
Oh and one more thing:
Edmund Burke famously said, “Those who don’t know their history will be forced to repeat it.”
While this quote is often tossed out to kids in high-school history classes, we don’t really appreciate this quote until a situation like this is staring us in the face. I believe we’ll see a “repeat” of 1982 this year, in 2010.
That’s why everyone here at Dalbey Education is working overtime to prepare our students for what I think will be one of the best times in history for note-finders.
If you don’t have my best selling course, Winning In The Cash Flow Business, now is the time to get started. You can get it here.
– Russ
Jan212010
How To Get Your First Note Deal Done Even If You’re Flat Broke
by Russ Dalbey
I want to thank you for all the comments you’ve left on my blog.
Over the past few weeks, this blog has really turned into an online community of like-minded people.
The last few blog posts have inspired over 400 comments and I just want to say “THANK YOU” for participating.
I don’t always [...]
Jan142010
Gambler Wins Big Without Making A Bet
by Russ Dalbey
I ran across an interesting article in the New York Times the other day and I thought I’d tell you because it directly relates to the Cash Flow Business.
There’s a man in New York City who consistently earns $100 – $300 a day at the horse (gambling) tracks in Manhattan. Over the past 10 [...]
Jan82010
My Predictions For The Year 2010.
by Russ Dalbey
Now that we’ve rolled over the calendar into a brand new year, I’d like to share my predictions for the next 365 days with you.
Now, I’m certainly no psychic but I’ve been in the cash flow business since 1991 and after 18 years I’ve learned a few things about real estate and what it really [...]
Dec232009
Two Books That Changed My Life
by Andrew Steiner
I’ve found that one of the best questions to ask successful people is “what book changed your life?”
Because as the old saying goes, “success leaves clues.” And if you can find out what books successful people read, you can read the same books and train your mind to follow in the same path.
Today, I’d like [...]
Dec182009
New Cash Flow Notes Discovered In The Desert
by Russ Dalbey
I don’t have a crystal ball, but I think I can guess where to look for new cash flow notes in the very near future.
Las Vegas.
Here’s why:
The Las Vegas City Center — a massive urban complex spanning over 76 acres on the Las Vegas strip — has partnered with the Private National Mortgage Acceptance Company [...]
Dec92009
The $266,490.00 Productivity Secret
by Russ Dalbey
The man pictured on the left is Ivy Lee. He died in 1934 — 75 years ago.
But one of his greatest lessons lives on.
And you can use this lesson today to explode your productivity and start accomplishing your goals faster than you ever imagined.
And I’m not just talking about exploding your productivity and success [...]
Dec42009
Buying Real Estate At A 99% Discount
by Russ Dalbey
Last week, a Canadian real estate investment firm purchased the Pontiac Silverdome — the former home of the Detroit Lions football team — for just $583,000.
Located in Michigan, the Pontiac Silverdome originally cost $55 million dollars to build back in 1975. It contains 80,300 seats, stretches over 400,000 square feet and sits upon 127 acres [...]
Nov252009
Count Your Blessings: My List of Gratitude
by Russ Dalbey
Since it’s Thanksgiving, I thought I’d take a moment to “count my blessings”.
Here are 10 things I’m thankful for, or as I call it — my “List of Gratitude.”
#1) God
There is not a day that goes by that I don’t thank God for all the many blessings.
And I don’t only mean the things that I [...]
Nov182009
What Happened at the Cash Flow Summit
by Russ Dalbey
One word: Wow!
On Halloween weekend in Denver, we hosted some of our most successful and many of our most ambitious students at our first ever Cash Flow Summit.
This event was supposed to be our last live event. You see, hosting these live events takes a Herculean effort. And I THOUGHT many of [...]
Russ Dalbey's Blog
Russ Dalbey is a self-made millionaire and author of the best-selling course, Winning In The Cash Flow Business. His unique training programs have helped thousands of people achieve their financial goals. To learn more about Russ and Winning In The Cash Flow Business, click here.