Real Estate, Attention landlords!

Here's a simple way how some of you landlords can create extra income
from your tenants. What does your tenant do when they want to buy new
furniture? Or that 48� TV? Or a new computer? They most likely put it
on a charge card or get the store to finance the purchase at 18% to
21% interest. Why don't you offer to finance what they want and
collect that interest?

Let's suppose you learn that one of your best tenants wants that
latest big screen TV costing $1,000. They won't ever save $1,000, but
they can make payments forever. You find out which TV they want,
negotiate a 10% discount for a cash sale, and have it delivered to
them. (If you can't negotiate a 10% discount for cash, you need a
seminar on negotiations).

You charge them $1,000, plus $75 �processing fee� or whatever you want
to name it. They pay the $75 processing fee and sign a note for $1,000
payable $50 per month for 24 months. What have you just done? You've
just created a little note that will earn you 38%. Let's go over each
step.

You negotiate a 10% discount ($100) off the price when you buy the TV.
It's not hard to get a 10% discount for a cash purchase. But you do
have to ask. Try it! You charge your tenant the retail price of
$1,000, plus a $75 processing fee. They sign a note for $1,000,
payable $50 monthly (more if you can get it) for 24 months. You now
have $825 in a note with a face value of $1,000. What is your
yield/return? Try 38%.