REAL REAL ESTATE The price I ended up paying was $420,000, which means my balloon payment on or before 24 months was only $383,040. “We create three paydays for all properties we buy and sell on terms. Payday No. 1 is the nonrefundable down payment we collect from the buyer after they’ve been prescreened and have a mortgage-ready plan they can succeed with. In this case, it was approximately $65,000 over time. ‘Over time,’ in this case, meant that every six months, they were putting down $8,000 or more. “Payday No. 2 for the entire term was $15,600. If we owe the seller $383,404, as noted above, and the buyer goes the full 24 months (they were prequalified to be mortgage ready 18–24 months), our Payday No. 3 is $499,000 less $65,000 paid, less $36,960 principle paydown or $50,960.” SUMMARY OF PAYDAYS: Payday No. 1: Deposit $65,000 Payday No. 2: Monthly Cash Flow $15,600 Payday No. 3: Back End/Financing $50,960 Total: $131,560 –Don S. If you want more information about how to complete deals like Don’s, don’t hesitate to reach out to our team at SmartRealEstateCoach.com! RNER YOU HAVE QUESTIONS. WE HAVE ANSWERS.
TAKE A BREAK
Grilled BEEF RIBS
Inspired by Saveur magazine
Nothing feels more paleo appropriate than digging into a giant rack of beef ribs. This largely hands-off recipe requires plenty of hands-on eating, making you feel like one of our cave dwelling ancestors.
INGREDIENTS
30-minute strategy session with our CPA and Tax Specialist; and special access to our Attorney Package that will, for a one-time fee, have our attorney locate, vet, and set up service with an attorney in your area qualified to do TERMS deals. ASSOCIATE IMMERSION LEVEL *Prerequisite: QLS Home Study Course This level gives you access to our Quantum Leap Program; our Private Yearly Mastermind the day before QLS Live; coaching/mentoring; two-day Newport, RI office, including Business Game Plan; a FREE 30-minute strategy session with our CPA and Tax Specialist; special access to our Attorney Package that will, for a one-time fee, have our attorney locate, vet, and set-up service with an attorney in your area qualified
to do TERMS deals; business website creation; and we will fly to your market to work in the trenches with you! ASSOCIATE HIGH 6 LEVEL Includes everything in the Immersion Package and a special, in-person extra Mastermind Event for High 6 only; the opportunity to be a coach and mentor with Smart Real Estate Coach and get shared revenue for your area with Chris and the rest of the team after three deals are completed; deluxe business website creation; and Land Course access. If you aren’t sure which level suits your goals best, visit SmartRealEstateCoach.com to schedule a call with one of our team members!
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1 5-lb. rack of beef ribs
Kosher salt and black pepper, to taste
DIRECTIONS
1. Heat a charcoal, wood-burning, or gas grill to medium high. Once heated, move heat source to one side or turn off half of the burners to create an indirect heat zone. 2. Season ribs with salt and pepper and char on the hotter side of the grill, turning occasionally, for 12–15 minutes. Once charred, transfer to the other side of grill and cook until the thickest part of the rib reaches 130 F, about 2 1/2–3 hours. 3. Let meat rest for 15 minutes. If desired, serve alongside grilled veggies.
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