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

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)