How To Make $50K A Year On Your Bicycle?

How To Make $50K A Year On Your Bicycle?

Bad Credit Personal Loan for k. You do not need to have credit or job to qualify for this loan to purchase residential real estate. This program is so easy to do. Check it out at www.ScoreMoreTraffic.com

A Personal Loan 50k

My son repairs iPhones, iPods, and iPads. The average repair nets about $ 40 in profit. You'll charge between $ 50 and $ 90 for the repair, and the parts are as low as $ 10. 25 repairs a week at a $ 40 profit is $ 1,000. Sweet? We think so! So how do you do it?

A bicycle trailer would be cool. You could carry all your parts and tools, and cold water.The hand tools for this are less than $ 10. A portable inverter (makes house current from a battery) and heat gun (small hair dryer) cost about $ 120, and would easily fit in a bike trailer with everything else.The parts are light and small, you can carry enough to do 50 to 100 repairs in a box. There are four iPhones: 2G, 3G, 3GS, and now Generation 4. We don't repair 2G because it's too old now.

Marketing is KING in all things. You'll need good signs or banners on the bike trailer. You have to live in a big city to have the density to do this from your bicycle. Now, make up a route. On Monday, you'll be at such and such Park by the Statue from 3:30 to 5:30. On Tuesday, you'll by the Starbucks - get it? Next advertise that on Craigslist.org. Show up reliably at your locations, and they'll come to you. They want that dog phone fixed NOW! They don't want to ship it off to anywhere. They're tired of the cracked screen. They just want it FIXED! Cash flows into your pocket!

If you take a broken phone to the proper recycle facility, the energy required and pollution made don't compare with how environmentally friendly "repair" is! You should get a million dollars in stimulus money to do this! The key is to learn more repairs on more devices as you go along.

This will bullet proof your business. AND it's a "SUPER GREEN" business - putting an old iPhone in the landfill versus repairing it?

You can do this! Go to a swap meet and buy a used bike trailer. Go to your local sign guy and get the signs made! Do you want to live your life in poverty? Poverty sucks! Your actions make your life happen. DO NOT look for people to blame for what's wrong with your life. Take charge, be the big cheese - the CEO of "You Inc", work hard and don't let it stink!

 

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More How To Make K A Year On Your Bicycle? Articles

Question by devildogof2006: Are there any loans out there where I can buy a property and get cash back to rehab the property? I see a bunch of 15k - 30k houses in areas with alot of potential but need about 50k in repairs that would sell for much more than 120k. Are there any lenders these days that would loan me the money to buy a run down property to fix up and sell? Best answer for Are there any loans out there where I can buy a property and get cash back to rehab the property?:

Answer by SuperCactus
The Federal Housing Administration’s 203(k) program is a purchase or refinance rehabilitation loan. This loan program allows a borrower with limited funds to purchase, or refinance, and fix up a one-to four-unit property.

Answer by Spock (rhp)
what cash do you propose to put down? what you're talking about is a construction loan. yes banks do them. 50k isn't a lot to them for a temporary deal -- high risk, low potential. now, if you're talking you put 40k cash in and they put 40k cash in and they control the disbursements ... maybe you can get some traction. *** will you live on the premises while the work is done? if not, what is your security plan? what is your business plan? is it written? who prepared the estimates for this particular house? what is his experience? *** easiest at the bank that owns the damaged real estate.

Answer by peilthetraveler
yes. www.rehabwealth.com They will give you up to 73% of the after repair value, but they charge like 8 points

Answer by TX-REInvestor
The ex-banker has some good info above. If you know what you are doing and know you can turn a profit you can also consider using a 'hard money lender". This is a very aggressive way to get a loan and usually means you plan to sell the home quickly. Hard money is good option if you have a GREAT deal to present to them. Keep in mind that they are very expensive and hope you fail the project to acquire your property in most cases. Nevertheless, they are still great sources of cash if you found a steal of a deal without getting a conventional loan. Also, ask people if they will fund your project. Family/Friends that lend you money are considered "Private Lenders". You will get alot of "no's" but it at least shows people you are serious about it and will be more inclined to loan you money on your next project if youre successful. Good L.U.C.K.! (Learning Under Correct Knowledge)

Answer by W. E
Go to: www.hud.gov http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm Rehab a Home w/HUD's 203(k) Rehab Program There is also the streamline 203k mortgage? HUD has developed an FHA insured mortgage, called the “Streamline (K)” Limited Repair Program that permits homebuyers to finance an additional $ 35,000 into their mortgage to improve or upgrade their home before move-in. With this product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser. BUT this is if you plan to live in the home. The above web site has a lot of helpful information. Good Luck to you.

Answer by Charlie-Camp
Yes there are. Depending on your circumstances and the location of the property, there are construction rehab loans, FHA Section 203(k) rehab loans, rural development rehab programs and other governmental/non-profit sources of rehabilitation funds. Too many too list here. If you are in Florida, check out my rehab loan overview page http://www.atlanticeloan.com/pages/rehab-loans.aspx and give me a call to discuss the various rehab options in detail. Charlie Camp Atlantic Mortgage Satellite Beach, Fl (800) 373-3130

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