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In owner financing, sellers provide short- or long-term mortgages to buyers, augmenting traditional lender financing or taking its place.

These sellers may be more apt to get an offer and close a deal quicker. The loan may yield interest and an income stream topping mortgage payments or investment interest rates, and there can be tax perks.

Offering financing carries risk. It takes good judgment to avoid the missteps big lenders made in the subprime debacle. Sellers should consult experts to help set up a loan and maybe a trust, handle documentation, keep records and file taxes. If you’re in the Austin area, i would highly suggest Forte Properties. They are the #1 Owner Finance specialists in Austin and surrounding areas.

Who needs seller financing? The list includes foreign buyers who may have trouble getting U.S. bank mortgages, and business owners or others who look cash-poor to a bank but have assets and income aplenty. Seller financing for luxury properties is especially in demand.

Sellers who finance can defer capital gains taxes for the period of the note and only pay income tax on the interest and principal income they get each year. Depending on how long a seller has held a home and the size of the down payment, he may not need to pay capital gains tax on that part of the transaction.
Rates And Costs

It can run a few hundred dollars for an attorney to review loan and sale papers. Usually the buyer pays.

Interest rates, amortization and note periods on these private loans are set by what the market will bear. Some undercut bank rates. Others get a premium. Usury laws make loans at unreasonable interest rates uncollectible, possibly illegal.
For more information on Owner Financing and how it can benefit both the buyer and the seller in today’s market, go to http://www.AustinOwnerFInancedHomes.com.

Forte Properties is Austin’s #1 Owner Finance company.

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Benefits for the Seller with with Owner Financing in Austin, TX

As the real estate market begins to dip, sellers will need to find more creative ways to sell their home. One of the major problems in today’s real estate market is the lack of financing vehicles available to buyers. Buyers with good to average credit find it harder and harder to get approved for the amount of money they would like at an interest rate that they feel comfortable with. Seller financing provides an easy bridge to close a buyer’s financing gap. In many cases, the seller can have most of his needs satisfied by an Owner FInance sale rather than a traditional cash sale. Let’s look at these needs one by one.

1. Highest Price. There is no doubt that a seller can insist on and receive the highest price when offering flexible Owner Financing terms. In many cases, the seller can receive more than the fair market value of the property by offering these “soft” terms. People are always willing to pay a premium for non-qualifying financing.

2. Cash. Nearly ever seller says he wants all cash, but few need it. What the typical seller wants is the most net cash from the deal. Often, the seller has to pay closing costs, title insurance, broker fees and the balance of the existing financing. In addition, there may be capital gains tax due to Uncle Sam. In many cases, the sale of a property by an installment sale (particularly a “wraparound”) will net the seller more future yield than any source from which the cash proceeds were reinvested.

3. Fast Closing. Nothing holds up a sale more than new lender financing. In some areas of the country, it can take months for a buyer to qualify and close a new loan to purchase your property. Since most standard real estate contracts contain a financing contingency, you may end up back at square one if your buyer does not qualify. Furthermore, if your house is not particularly nice or unique, it may take you some time to even find an interested buyer. Since you are competing with all of the other houses for sale, you may need to spend thousands of dollars in paint, new carpet and landscaping just getting the house ready for the market.

In down markets sellers need to use every tool available to sell their home quickly. Quicker sales tend to be more profitable and provide less headaches then chasing a down markets. Owner financing can give sellers the advantage they need to overcome a key purchasing hurdle, opening their property up to more potential buyers.

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How To Owner Finance Your Home

You’ve seen the real estate ads in the classifieds section of the newspaper: “Owner Financing Available” or “Owner Will Carry”. An owner financed real estate transaction enables the buyer of the property to make payments directly to the seller.

This allows the buyer to purchase the real estate without having to apply for a mortgage from a bank or financial institution. The seller also has the option of selling the loan to an investor for cash.

Of course, there are lots of variables that work into a price offer including type of property, location, age of house, equity, is the buyer making the monthly payments, etc. These are just some of the things an investor likes to see. Investors buy all sorts of real estate notes and deeds of trust. Every house is different, every loan is different and every deal is different. Use the above list to make the loan more attractive to an investor.

ADVANTAGES OF OWNER FINANCING THE SALE

Sell Your Property For Your Desired Asking Price
A buyer may be perfectly happy to pay market value (and maybe more) for a house that requires a smaller down payment and that a bank won\’t help them finance.

Charge a Higher Interest Rate Than a Bank Would Give
By charging a higher interest rate than a bank (say 7.5 – 8.5%) you are, in effect, increasing the overall sales price of the property, and making the note more attractive for an investor.

Faster Sell
You can sell a home with owner financing a lot quicker than with bank financing and there can be tax advantages in spreading the buyer’s payments out over time (talk with an accountant about that).

Great Monthly Cash Flow Investment
Many owners simply like the idea that they can receive a monthly income and a high interest rate from a property even after they have sold it – and no longer have to worry about repairing leaky roofs or replacing dead water heaters.

Sell The Note To An Investor
A seller who owner financed the deal also has the option of selling that note to an investor for cash either right after closing or after waiting a number of months or years (give me a call or email and I can get you more information about selling your note).

DISADVANTAGES OF OWNER FINANCING THE SALE

Cash At Sale = Small Down Payment
Seller receives only a small or even no down payment.

Buyer Won’t Pay
The seller takes the risk that the buyer will not make payments and will have to be foreclosed on. (Forte Properties uses a loan sevicing company to act as an intermediary when selling Owner Financed homes in Austin Texas.)

Due-On-Sale Clause
If I owner finance my house won’t I activate the Due-On-Sale Clause in my mortgage and if I’m only getting a small down payment and monthly installments how will I pay the bank loan back?

The Due-on-Sale Clause is a provision in a mortgage or deed of trust that allows the lender to demand immediate payment of the balance of the mortgage if the mortgage holder sells the home. It is probably the most talked about, feared and misunderstood topic in real estate.

You can also do a simultaneous closing, where a few days after the close of the house with the buyer you receive a check for the note from an investor.

If you’re going to owner finance your home and you know you want to sell the note this is a great way of doing it because the investor is there for the whole process and you don\’t have to start over again 6 months later with another appraisal, inspection, credit check, etc.

REAL ESTATE PROFESSIONALS – Providing owner financing could mean the difference in having your client sell their house quickly or having it sit on the market for months, years or not selling it at all.

Asking a seller to offer owner financing to buy their home can be a tricky proposition. Sellers often reject the suggestion of owner financing because nobody has explained the benefits or proposed owner financing as a way to sell the home. Most sellers’ knowledge is limited to traditional bank mortgages.

http://www.GreatHomesTexas.com – Austin Owner Finance Specialists

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Selling a house or other Austin, TX real estate with owner financing may be unfamiliar territory for many, but anyone who plans to sell property against the current background of tough lending conditions may want to brush up on the basics.

Understanding the concept of owner financing is easy: the seller assumes the role of a bank and finances the buyer’s purchase.

The decision to provide owner financing, however, can be much more difficult; although providing owner financing could mean the difference in being able to sell a house, it could also mean a great amount of risk for the seller if the buyer eventually defaults on the loan.

As the U.S. struggles with a sluggish real estate market, owner financing presents a way for buyers and sellers to close deals that might not be possible with conventional financing.

There are some deals that just simply cannot get done (with conventional lending) because the credit markets are too tough for a particular buyer to qualify or because the type of transaction is perceived to be too risky.
There could also be a situation in which a buyer may not have sufficient capital for a down payment. Partial owner financing, in that case, can help fill in the gaps in closing a deal.

In addition, the benefits of owner financing can appeal to sellers who are trying to unload property. Closing a deal on a house, for example, may take considerably less time with owner financing than with conventional financing. While a conventional lender will scrutinize the collateral property to determine the level of risk, a seller who is already familiar with their property can form his or her own risk assessment relatively quickly.

Owner financing may also be an attractive choice for investment, potentially offering high rates of return. A seller can negotiate an interest rate that the buyer will pay them that is more favorable than would be available for other sorts of investments.

Furthermore, seller financing can provide some tax benefits by spreading out a large gain over time (check with your accountant or CPA).

If the seller structures the loan as an installment sale, there can be certain tax advantages to the seller as well in terms of the timing of recognition on the capital gain. The seller would need to discuss the details with a tax advisor.
Seller financing can be used to pay for a property either in full or in part. The terms of a full loan look similar to those of a conventional loan; however, a seller has a great deal of freedom in setting the terms, such as the interest rate and the duration of the payment period.

For instance, a seller might wish to provide owner financing as a short-term arrangement of five years, after which the borrower is expected to refinance the loan, presumably with conventional financing.

While sellers can be more flexible than banks in considering prospective buyers, they should nevertheless think like a bank when reviewing potential buyers. Examining documents and reports such as tax paperwork, proof of employment and credit history is prudent in determining a buyer’s ability to pay off the loan.

A seller who provides owner financing will need to get the mortgage recorded in accordance with the specific execution and acknowledgement requirements of the State of Texas. Sellers should also work with a title insurance company to perform a title search and purchase title insurance to secure the right priority for the mortgage.

A title insurance company can also serve as a good resource for understanding how much it will cost to record the mortgage. In Texas, the cost to record a mortgage or deed of trust is minimal, consisting of a basic administrative fee added to an amount that varies according to the number of pages.
Generally, the overall cost to seller finance will depend on how many documents are involved and how sophisticated those documents need to be. The size of the property and the intensity of due diligence procedures factor into these costs.

If it’s a simple scenario, such as a small little residential deal, it might be under a thousand bucks. If you provide seller financing for a sophisticated apartment building or strip center it can be multiple thousands of dollars. If you’re in the Austin, TX area, Forte Properties is your #1 choice for owner financed home transactions.

Documentation is perhaps the least of a seller’s worries. For most sellers, the initial decision to provide owner financing can be the most significant hurdle they encounter.

Documentation-that’s not a big deal. It’s done all the time, there are a lot of good lawyers that do it. It’s deciding to do it, and deciding on how to manage the risks inherent in providing owner financing when you’re a casual seller-that’s the biggest difficulty. Again, if you are interested in owner financing whether you are a home buyer or seller, Forte Properties in Austin, TX can help you every step of the way.

In most cases, sellers prefer to have cash instead of a promise by the buyer to pay them later. In addition, sellers who consider owner financing need to understand the risk that the buyer might not pay you in whole or in part, or might have financial distress situation arise down the road, where after a year or two the payment stream to you is disrupted by their financial distress.
Because sellers do not have the same resources as conventional lenders, financing a buyer can be even more intimidating. While banks can absorb the risk of nonpayment by spreading it across their entire loan portfolios, an individual seller isn’t typically able to do that. Furthermore, it’s more difficult for a seller to choose the best loan terms in accordance with the perceived risk/return.

There’s no science to that because you’re not a conventional lender. Because of the serious risks involved with seller financing, sellers should do their homework ahead of time and decide whether it is an option within their level of risk tolerance. Preferably, a seller should make this decision early in the process of selling a property, well before any offer is on the table.
You need to decide that up front so that you can package your materials in contemplation of what you’re willing to do relative to seller financing.
Lawyers who are familiar with financing and financial documents can be critical resources in the time preceding and immediately after making the decision to offer owner financing. A lawyer can help a seller understand the ramifications of owner financing and design the appropriate paperwork.

Sellers just need to be prepared for what happens if the deal goes south. Sellers can then adjust the language and terms in their loan documents accordingly, such as setting a higher interest rate that’s reflective of the higher risk, or requiring personal guarantees and other forms of credit enhancements.

As the popularity of owner financing has increased, the Texas Association of Realtors has witnessed an increase in the use of its promulgated “Seller Financing Addendum”. If you are considering a Austin, TX purchase involving owner financing (either as a buyer or seller), you should consult Forte Properties. They have a team of real estate professionals in various facets of the real estate market and are very familiar with the Seller Financing Addendum and all other documents required when buying or selling homes with owner financing.

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Selling a house or other Austin, TX real estate with owner financing may be unfamiliar territory for many, but anyone who plans to sell property against the current background of tough lending conditions may want to brush up on the basics.

Understanding the concept of owner financing is easy: the seller assumes the role of a bank and finances the buyer’s purchase.

The decision to provide owner financing, however, can be much more difficult; although providing owner financing could mean the difference in being able to sell a house, it could also mean a great amount of risk for the seller if the buyer eventually defaults on the loan.

As the U.S. struggles with a sluggish real estate market, owner financing presents a way for buyers and sellers to close deals that might not be possible with conventional financing.

There are some deals that just simply cannot get done (with conventional lending) because the credit markets are too tough for a particular buyer to qualify or because the type of transaction is perceived to be too risky.
There could also be a situation in which a buyer may not have sufficient capital for a down payment. Partial owner financing, in that case, can help fill in the gaps in closing a deal.

In addition, the benefits of owner financing can appeal to sellers who are trying to unload property. Closing a deal on a house, for example, may take considerably less time with owner financing than with conventional financing. While a conventional lender will scrutinize the collateral property to determine the level of risk, a seller who is already familiar with their property can form his or her own risk assessment relatively quickly.

Owner financing may also be an attractive choice for investment, potentially offering high rates of return. A seller can negotiate an interest rate that the buyer will pay them that is more favorable than would be available for other sorts of investments.

Furthermore, seller financing can provide some tax benefits by spreading out a large gain over time (check with your accountant or CPA).

If the seller structures the loan as an installment sale, there can be certain tax advantages to the seller as well in terms of the timing of recognition on the capital gain. The seller would need to discuss the details with a tax advisor.
Seller financing can be used to pay for a property either in full or in part. The terms of a full loan look similar to those of a conventional loan; however, a seller has a great deal of freedom in setting the terms, such as the interest rate and the duration of the payment period.

For instance, a seller might wish to provide owner financing as a short-term arrangement of five years, after which the borrower is expected to refinance the loan, presumably with conventional financing.

While sellers can be more flexible than banks in considering prospective buyers, they should nevertheless think like a bank when reviewing potential buyers. Examining documents and reports such as tax paperwork, proof of employment and credit history is prudent in determining a buyer’s ability to pay off the loan.

A seller who provides owner financing will need to get the mortgage recorded in accordance with the specific execution and acknowledgement requirements of the State of Texas. Sellers should also work with a title insurance company to perform a title search and purchase title insurance to secure the right priority for the mortgage.

A title insurance company can also serve as a good resource for understanding how much it will cost to record the mortgage. In Texas, the cost to record a mortgage or deed of trust is minimal, consisting of a basic administrative fee added to an amount that varies according to the number of pages.
Generally, the overall cost to seller finance will depend on how many documents are involved and how sophisticated those documents need to be. The size of the property and the intensity of due diligence procedures factor into these costs.

If it’s a simple scenario, such as a small little residential deal, it might be under a thousand bucks. If you provide seller financing for a sophisticated apartment building or strip center it can be multiple thousands of dollars. If you’re in the Austin, TX area, Forte Properties is your #1 choice for owner financed home transactions.

Documentation is perhaps the least of a seller’s worries. For most sellers, the initial decision to provide owner financing can be the most significant hurdle they encounter.

Documentation-that’s not a big deal. It’s done all the time, there are a lot of good lawyers that do it. It’s deciding to do it, and deciding on how to manage the risks inherent in providing owner financing when you’re a casual seller-that’s the biggest difficulty. Again, if you are interested in owner financing whether you are a home buyer or seller, Forte Properties in Austin, TX can help you every step of the way.

In most cases, sellers prefer to have cash instead of a promise by the buyer to pay them later. In addition, sellers who consider owner financing need to understand the risk that the buyer might not pay you in whole or in part, or might have financial distress situation arise down the road, where after a year or two the payment stream to you is disrupted by their financial distress.
Because sellers do not have the same resources as conventional lenders, financing a buyer can be even more intimidating. While banks can absorb the risk of nonpayment by spreading it across their entire loan portfolios, an individual seller isn’t typically able to do that. Furthermore, it’s more difficult for a seller to choose the best loan terms in accordance with the perceived risk/return.

There’s no science to that because you’re not a conventional lender. Because of the serious risks involved with seller financing, sellers should do their homework ahead of time and decide whether it is an option within their level of risk tolerance. Preferably, a seller should make this decision early in the process of selling a property, well before any offer is on the table.
You need to decide that up front so that you can package your materials in contemplation of what you’re willing to do relative to seller financing.
Lawyers who are familiar with financing and financial documents can be critical resources in the time preceding and immediately after making the decision to offer owner financing. A lawyer can help a seller understand the ramifications of owner financing and design the appropriate paperwork.

Sellers just need to be prepared for what happens if the deal goes south. Sellers can then adjust the language and terms in their loan documents accordingly, such as setting a higher interest rate that’s reflective of the higher risk, or requiring personal guarantees and other forms of credit enhancements.

As the popularity of owner financing has increased, the Texas Association of Realtors has witnessed an increase in the use of its promulgated Seller Financing Addendum. If you are considering a Austin, TX purchase involving owner financing (either as a buyer or seller), you should consult Austin’s #1 Owner Finance Specialists Forte Properties at http://www.GreatHomesTexas.com. They have a team of real estate professionals in various facets of the real estate market and are very familiar with the Seller Financing Addendum and all other documents required when buying or selling homes with owner financing.

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There are lenders all over the place who appear to be more than willing to offer you a great rate for your car loan. A car loan and doing auto financing is a big ticket item to lenders, and they realize that they are going to make a ton of money in interest, even if they offer you a great program with low interest rates.

Many people put the auto financing part of it on the back burner, thinking that first they need to negotiate and haggle for the best possible price. That car looks so nice sitting on the showroom floor or the dealer’s parking lot. It’s clean, shiny, it has all the latest high tech gadgets, and it drives like a dream compared to that clunker you have been driving. And that is exactly the way that the car dealership sales person wants you to view it, with images of you in that new car and not thinking about the financing of your new car.

But the reality of it is that this approach, while it is the traditional approach taken by the vast majority of people shopping for a new car, is totally backwards. You can always get the new car, same type, same model, maybe from a different dealership and maybe even getting a better deal on it, but once you have made the mental commitment to purchase the car, the last thing you want to do is to spend time shopping for your best deals on car loans and auto financing. You want to be out driving your new car, not doing mundane things like loan shopping and financing comparisons.

The lenders count on that fact, so they rarely put their best offer out there first. They may make an attractive offer, one that will catch your attention, but they realize full well that you have a new car just crying to be driven, and you want to get this finance stuff out of the way so you can scratch that itch.

Now let’s say you take a different approach towards finding the best new car loan financing. You are doing your comparison shopping for car loans and auto financing, and you have not even visited any dealerships yet. You know approximately how much you need to borrow for the car loan, but you are not in a hurry. Now you can compare car loan programs at your leisure, looking at the fine print, and make your best decision as to which program is best for you. It’s got the best interest rate, it is for a reasonable length of time, and does not have any penalties for early payments or early payoff.

In fact, you have been pre-approved by the lender you have chosen for a specific amount of money. At this point it is time to go visit the dealerships and start negotiating your best deal on that new car. The fact that you are already pre-approved and have your financing taken care of will tell the sales person that you are serious, and if they don’t offer the best deal on the vehicle, there is nothing to stop you from going to a different dealership to make the purchase. In other words, you have a much stronger position from which to negotiate your best price.

If the dealer is sharp, they may offer financing from the car manufacturer, at which point you can compare against what you already have. If the deal is better, there is nothing to prevent you from going that way and not executing your pre-approved car loan. The beauty of it is that now the ball is in your court, and you can make the right financial decision.

Don’t ignore online car loan quotes. Online lenders frequently have much lower overhead and are very hungry for your business, and can make car loan offers that many traditional lenders can’t come close to. But again, just because it’s an online lender does not guarantee it will be better, so you need to do your comparison shopping with care.

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The number one worry for managers and owners of companies undergoing a chapter 11 bankruptcy restructuring is: will my business survive? Of course they do have many other worries such as meeting with creditors, creating a turnaround plan, paying employees on time and working with suppliers. One way to ensure the success of the restructuring and the survival of the company is to obtain bankruptcy financing, also known as debtor in possession financing.

DIP financing can help provide the capital liquidity to pay operational costs while the company looks to turnaround the current situation. The problem is that unfortunately, few institutions offer business financing to bankrupt companies. If getting a business loan under normal circumstances is hard, looking for business loans while going through bankruptcy is close to impossible. So, what alternatives are there for medium sized companies?

Factoring financing, also known as invoice factoring, is a viable alternative for debtor in possession financing, especially for small and midsized companies. It solves a very specific problem. Companies that sell to other businesses usually have to wait 30 to 45 days to get paid on their invoices. This can create a serious liquidity problem for companies facing insolvency. Accounts receivable factoring advances funds on these slow paying invoices, providing the necessary capital to operate the business.

A factoring company will usually advance about 80% of your outstanding accounts receivable within one business day of invoicing. The remainder 20%, less the financing fee is advanced once the invoice is actually paid for. Factoring companies will also help you evaluate new customers to determine if they are credit worthy. And of course, if you decide to factor new customers, you won’t need to worry about waiting 30 to 60 days to get paid either.

Obtaining factoring financing is fairly straight forward. The biggest requirement is that you must do business with credit worthy companies. Aside from that, you must have a reorganization plan that brings your company back to solvency. And lastly, the court will need to approve the financing relationship.

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Any business, big or small, requires a continuous hoard of organized finance in order to keep functioning and grow in future. Risks and speculations are integral parts of any business and successful entrepreneurs often require funds to back up their strategies to undertake these risks and speculations. In order to obtain state of the art gears and infrastructure, forecasting a future market trend, relocating or growing beyond stipulated boundaries, running successful promotional campaigns or simply for paying off debts, working capital financing provides the ultimate fluid to business.

In present times, keeping up with the latest technology might often become the key to a successful business. Acquiring hi-tech means for business would definitely increase productivity and work flow and as a result provide an edge over competition. However, incorporating these advanced technical features for a business would require a considerable amount of investment for their installation and knowledge base. It would become impossible to acquire them without a capital boost.

Office environment plays a very important role in the productivity of a business. A nicely planned office space would help employees to have a psychological advantage and thus increase productivity. Moreover, relocation and growth prospects often call for businesses to set up new bases at different places. This would ideally mean a complete new setup and would definitely need some amount of capital boost. Without a sturdy capital, this can never take place.

Advertisements and other promotional campaigns are a must for any business that aims to create a long-term impact on the minds of its consumers. It is often said that consumer memory is short and hence even though any particular business might have been afloat for quite some time, it still requires extensive promotional campaigns. These campaigns are often very expensive, as they require to be continued over a long period of time.

Debts come as a part and parcel of every business. Be it a startup or an established business, debts are bound to occur at some point of time. These debts require to be paid off at regular intervals in order to maintain goodwill and avoid getting over burdened. And this would ideally require an inflow of cash to meet these demands.

Working capital financing proves handy when it comes to meeting these essential business needs. There are several benefits that working capital financing offers to entrepreneurs. These finances are easily available and cash is generally disbursed within 72hrs of application. It does not require any application fee. Unlike other forms of capital finances, working capital finance does not require any personal guarantee or collateral. But most importantly, the best part of working capital financing is its repayment procedure. Or should we say, no procedure at all. Well, it does not have any fixed repayment schedule or time frame. Only when a sale is made, a percentage automatically gets deducted from the sales amount towards the repayment of the capital. Moreover, loyal customers are often rewarded with incentives and special programs. Any fund acquired through working capital financing can be used for any business purpose.

Thus pondering working capital financing is an admirable decision when in need of spry financing for business wants, as itâ??s the easiest to get and best to repay.

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The Merriam-Webster Online Dictionary defines “secret” as:

“1 a: kept from knowledge or view : hidden b: marked by the habit of discretion : closemouthed c: working with hidden aims or methods : undercover d: not acknowledged : unavowed e: conducted in secret 2: remote from human frequentation or notice : 3: revealed only to the initiated : esoteric 4: designed to elude observation or detection 5: containing information whose unauthorized disclosure could endanger national security”.

As used in this article, secret means: revealed only to the initiated; kept from knowledge or view; and designed to elude observation or detection.

The first secret- “revealed only to the initiated” relates to the fact that most schools, even business schools, do not teach the subject of factoring or purchase order financing; most banks do not offer these financing facilities as products. Therefore, it is not surprising that many businesses are unaware of the cash potential that lays dormant in their business invoices.

Let’s suppose you own a small to medium business and you depend on customers paying invoices within a 45-60 day period for your working capital. In essence, you are extending credit like a bank to your customers. For that period of time your cash is tied up in your invoices- your accounts receivable. This limits growth and may create problems regarding meeting payroll and paying your suppliers. Accounts receivable financing is the process of selling your invoices for cash as soon as they are issued which allows you to make more effective use of your assets. Purchase order financing is the process of obtaining a third party commitment to pay your suppliers as soon as products are received by your clients (in advance of payment by you or your client), based on the surety of an accounts receivable financing arrangement.

All businesses are limited in their growth and profits by the amount of capital and cash flow available to take advantage of business opportunities. The availability of virtually unlimited cash creates a powerful paradigm for potential growth. It also can expand your thinking about what business is possible and how you might go out and develop new business.

The second secret- “kept from knowledge or view” relates to the practice of non-notification factoring. Some business people are concerned that working with a factor, an accounts receivable financing company, may not be viewed favorably by their customers. In many cases it is possible to structure a transaction legally so that the accounts receivable financing is transparent to the ultimate customer.

The third secret- “designed to elude observation or detection” has to do with your business plan and how the way you think about the world can affect your success. In 2006 Prime Time Productions produced a film and a book called “The Secret”. The film dramatically describes the “Law of Attraction” which asserts that people’s feelings and thoughts attract real events in the world into their lives. Can your feelings and thoughts attract more business and success? Is the visualization of what you want an aid for manifesting your business goals? Is The Secret “just a new spin on the very old (and decidedly not secret” The Power of Positive Thinking (a book by Norman Vincent Peal written in 1952) wedded to ‘ask and you shall receive’ -as opined by Karin Klein, editorial writer for the Los Angeles Times? Did The Secret fail to discover the real roots of powerful thinking?

In the book, “The Diamond Cutter”, Geshe Michael Roach examines The Budda on Managing your Business and your Life. Roach graduated from Princeton University with honors, studied the ancient wisdom of Tibet and traveled to the Tibetan Lamas at the seat of His Holiness, the Dalai Lama. In 1983 he took the vows of a Buddhist monk.

His teacher encouraged him to enter the world of business. Mr. Roach choose the diamond business. He hid the fact that he was a monk and maintained a façade of a normal American businessman on the outside. The business developed from nothing to a one hundred million dollar per year business.

The original book, “The Diamond Cutter” is the “oldest dated book in the world that was printed rather than being written out by hand. The British Museum holds a copy that is dated A.D 868.” It is a written record of Buddha teachings from over 2,500 years ago. In brief, the central principles are: 1) business should be successful and make money in a clean and honest way; 2) you should enjoy the money and stay in good health; and 3) you should be able to look back ay your business and say your years of doing business had some meaning leaving some good marks in the world. I highly recommend “The Diamond Cutter” vs. “The Secret”.

The bottom line: accounts receivable financing and purchase order financing may be the secrets to your business’ financial success. If you read and follow the principles of “The Diamond Cutter” you can expand your opportunities for exponential growth based on the 2500 year old teachings of Buddha, as explained by Mr. Roach.

Copyright © 2007 Gregg Financial Services

www.greggfinancialservices.com

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Many people who want financing for cosmetic surgery work to get it. They know that it costs a lot of money, and they save for quite a long time so that they will be able to have the procedures that they really want. For some other people, the money is available. They either make enough money on their own, or they have a spouse or other individual who makes enough money and is willing to provide the funding for a cosmetic surgery procedure. For most people, however, these are not options and financing is necessary. In addition, there are several different ways that a person can finance his or her cosmetic surgery.

Cosmetic Surgery Financing Options: Credit Cards

Probably one of the most common ways to finance cosmetic surgery is using credit cards. Almost everyone has at least one credit card, and if he or she has good credit, the credit limit on that card may be fairly high. In addition, if the person pays on time and is a customer in good standing, the credit card company might agree to raise the credit limit if the cardholder asks them to. The downside with using a credit card to finance a cosmetic surgery procedure is that many credit card companies have high interest rates. If it takes the person a long time to pay off the card, the interest that is paid can be extensive, and there are less expensive ways for an individual to get the cosmetic surgery that he or she wants.

Cosmetic Surgery Financing Options: Personal Loans

Sometimes, a person can take out a personal loan through a bank or a finance company in order to finance cosmetic surgery. These loans typically have a lower interest rate than a credit card would, but they are also more difficult to get, especially for something like cosmetic surgery, where there is basically no collateral to put up for the loan. It is more of a signature loan, and significant funds and very good credit would be needed to get it. In theory, someone who has enough money to secure a signature loan probably does not actually need the loan.

Cosmetic Surgery Financing Options: Home Refinance

Yes, some people actually do refinance their homes in order to have cosmetic surgery. If a person has equity in his or her home, he or she can refinance that home and use the equity for anything — even surgery. Many people see this as a good way to get the money for it. Their house payment goes up a bit, and/or their payment time may be lengthened, but they are able to get their surgery, and they do not have to get an extra loan from another company. As long as people have equity in their home and have made their payments on time, a home refinance is relatively easy to do. Those who do not refinance completely might take out a home equity line of credit, or a second mortgage, to do essentially the same thing.

There are other ways to get the money for surgery, and there are loan companies available that will finance specifically for medical procedures. Using one of these companies is often a good choice because they cater to individuals who want cosmetic procedures, and they are familiar with prices and procedures.

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