Many people have had opportunities presented to them where quick cash was necessary. However, most people are unable to take advantage of these great opportuni- ties because they lack the money or access to sufficient money.
A simple procedure is available whereby you can generate cash within 24 hours. The process is easy and quick and requires that you first make the preparation and lay the groundwork for the plan.
We call this the Round Robin Technique. We graciously acknowledge Mark Haroldson for disclosing this technique to us back in the 70's for Real Estate Investing. Here is how it works.
Go to ten banks and tell the loan officer at each bank you want to borrow $1000 for 30 days. If they do not want to do this based on your signature alone, tell them you wish to borrow the amount and then make a Certificate of Deposit in their bank for the same amount. At the end of the 30 days, use the CD's to pay off your loans.
Then wait 30 to 60 days and go back to each bank from which you borrowed the original $1000. This time request a larger amount depending on what you think the bank will loan, say $5000, on your signature alone. If they refuse, use the CD approach. Now if each bank approves a $5000 loan you will be able to raise $50,000 the second time.
Continue this step-by-step process. Each time go to the bank, ask for larger amounts and longer pay back periods. NEVER spend the money. Always put it in a savings account at another bank. This way at least one or several banks will see your savings grow after you make the loans. When they ask what you are doing to make the money, tell them "it is confidential". It is none of their business.
What you are doing is establishing a millionaires credit rating by the process of reputation. That is, you always pay back the money when it is due, and by being prompt combined with the number of loans you've made and PAID, you will have established a very powerful credit rating and relationship with the institutions.
In about one year after using this process, you should be able to borrow $25,000 from each bank on your signature alone. Using ten banks in this plan, you will be able to borrow up to $250,000 on your signature in as little as 24 hours.
Now that's 10% down on a $2,500,000 income producing property! With your newfound cashflow machine, surely you can pay back the loan.
Stephen R. Renfrow, Freelance Writer and Director of the Home Biz Network [HBN]. Subscribe to the "H.B.N. EZINE" Privy information for the SOHO Professional http://www.homebiznet.nu/ezine/index.html
