The Stefanchik Method: Earn $10,000 a Month for the Rest of Your Life-- In Your Spare Time

John Stefanchik, Author
John Stefanchik, Author William Morrow & Company $20 (317p) ISBN 978-0-688-12741-1
Reviewed on: 04/03/2000
Release date: 04/01/2000
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Real estate financier, lecturer and author Stefanchik ( The 100% Solution ) here reveals the tricks of a lucrative trade not widely known but entirely accessible to any enterprising individual--the buying and selling of privately held mortgages secured by readily salable residential property. In a typical deal, a home buyer who can't get a bank loan may be permitted by the seller to make monthly payments of a specified amount, thus creating a mortgage that the seller can then convert to cash through a discounted sale of this ``paper'' to an entrepreneur like Stefanchik, his students or his readers--who in turn may sell the paper for quick profit or hold it for income. While describing auctions and deals, the author offers cogent advice for any line of business (``re-invest investment profits''). Illustrations. (June)
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