14 Mar 2008 02:21:36 | Stephen Renfrow
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.
About Author :
Stephen R. Renfrow, Freelance Writer and Director of the Home
Biz Network [HBN]. Subscribe to the "H.B.N. EZINE" Privy
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