How To Give Yourself A $20,000/Year Raise Without Asking Your Boss

Why without asking your boss?

Two reasons, one, he or she will most likely say no; and second, he or she will probably have you committed for asking.

So what do you do. Give the raise to yourself.

Impossible you say. Chuck and Sue are crazy. Not at all. Here's how.

You know we love the Creative Real Estate niche of Lease Purchasing and you know we believe it to be the perfect home-based business.

But, did you know you can use these same methods in your spare time to give yourself that big raise.

Ask yourself, "What would I be willing to do to earn an extra $20,000 in a year".

The answer may surprise you. And no, you don't have to become a hit man (or woman) to earn this.

You just have to be willing to take a look at Lease Purchasing.

Some background before you think we've completely lost it.

For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. That's about 60 people she puts the concept of Lease Purchasing in front of.

Out of that 60, approximately 10 will develop into true prospects. From these 10, 2 or 3 will develop into property we are willing to take on. The others may become consultations or manual sales.

(Please keep in mind, these numbers will vary a bit depending upon your particular area and current market conditions).

Gee, you say, that sounds like a lot of work. Not really. Consider making those calls over a 3 month period. That's the equivalent of a call per day. Why a 3 month period. Because you're only looking to do one deal a quarter.

Next question. How does this translate into a $20,000/yr. raise? Simple.

On a typical single family house, we look for a $5000 assignment fee on average. Well, let's do the math. 4 x $5,000 = $20,000.

Yup, a $20,000 raise on 4 deals per year.

Is this realistic? Absolutely.

In fact, we may be conservative on that raise for you. You may well decide to do five or six or more deals in a year.

All it takes is knowing how to structure your deals, having the proper contracts and a willingness to want to give yourself a raise. You can find all this information at our website at: www.homebusinesssolutions.com/products/products.htm

You're right. Chuck and Sue are crazy. Crazy like a fox.

Copyright 2000, DeFiore Enterprises

Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com

A former human resources director says he and former chief Bruce Karatz, who prosecutors say made more than $6 million from his options, tried to keep investigators from discovering the backdating.

Former KB Home chief Bruce Karatz engineered a massive stock option scheme that made him millions of dollars and then fought to keep it secret from investigators, a longtime company executive testified Wednesday.

Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments.

Wynn Bloch has always dutifully paid her bills and socked away money for retirement. But in December she defaulted on the mortgage on her Palm Desert home, even though she could afford the payments.

Led by double-digit jumps in coastal areas, the median sales price for the region reaches $275,000. The number of homes sold was nearly flat, up only 0.8%.

Southland home prices jumped 10% in February compared with the same month last year as foreclosure sales dropped significantly. San Diego and Orange counties made particularly strong gains.

Also: Joe Sebok and Kristan Cunningham design over Twitter, Facebook; TV writers Krista Vernoff and Kevin Maynard list in Los Feliz; former Robert Redford home in Malibu for sale.

Prolific songwriter and " American Idol" judge Kara DioGuardi's Spanish-style home in the Hollywood Hills is on the market at $1,649,000.

Sweeping views and passive green elements set apart the contemporary design by Hermosa Beach architect Patrick Killen.

A sweeping view of the Getty Center and the Santa Monica Mountains can be seen from a contemporary home in Bel-Air that features a passive green design.

Reduction of mortgage principal, usually considered taxable income, is expected to become more prevalent as the Obama administration and banks seek ways to prevent foreclosures.

With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an advisory to taxpayers who receive -- or seek to receive -- such assistance if it's offered.

Question: I have been on my homeowner association board of directors off and on for more than 15 years. With more than 40 town houses in our development -- and with nearly every unit having more than one vehicle -- we've got a growing noise problem.

Craftsman meets modern

In February, the number of homeowners with permanently reduced monthly payments grew to 168,708, the Obama administration reports, and 91,483 more trial modifications are approved.

The Obama administration Friday said its mortgage modification program continued to make progress, with the number of homeowners receiving permanently reduced monthly payments in February increasing by 45% to 168,708.

The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday.