Author: Jeff Greco

Warren Buffett’s Bet Against Fees

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Warren Buffett is not a gambler. Mr. Buffett did not become the greatest investor of all time, if not one of greatest investor of all time, if he made bad bets and lost more bets then he could win. Casinos tip the odds in their favor and Warren uses his experience to tip the odds … Continued

What Documents Are Used To Protect Investors?

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There are three documents that are executed as part of the transaction between Legacy Capital and investors for each deal. These documents are used to protect investors capital and secure investment to physical real estate assets. Here we going into a little greater detail about each document and the purpose for each document: Promissory Note … Continued

Underwriting Our Loans: Assets And People

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Our underwriting process is both an art and science. We have strict underwriting criteria in which we use each time a borrower applies for a loan with us and we also have to feel in our guts that the deal make sense even after all the numbers fit our underwriting criteria. The biggest mistakes (lessons, … Continued

8 Steps To Making Real Estate Loan More Secure

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When a loan is made to a borrower in a real estate transaction when there is collateral involved, the loan is considered “secured” by the real estate asset. This means that if the borrower fails to repay the loan per the terms specified in the promissory note, the lender has the ability to collect their … Continued

Relationships Role In Successful Investing

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One of the most frequently asked questions we get from our investors is “where do we find our borrowers?” The short answer is that we have known our borrowers for an average of over 5 years. We built relationships with the real estate investors who now borrow money from Legacy Capital to help them build … Continued

Tax Free Returns: Stop Partnering with The Government (Legally)

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The taxable income tax rates for 2016 range from 10% to 39.6%. The IRS updates over 40 tax provisions for inflation to avoid what is called “bracket creep.” This is the concept of people being put into higher income tax brackets, rather than an increase in real income. The IRS uses the Consumer Price Index … Continued

The Legacy Streak: Consecutive Monthly Investor Payments

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As any great athlete will tell you, performance at the highest level takes preparation, concentration and performance when the lights come on for game time. At Legacy Capital, we take our streak of consecutive monthly investor payments very seriously. We give our word to our investors each month that their passive income payment will arrive … Continued

How To Create Passive Income

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Although the Internal Revenue Service (IRS) defines 25 different categories of income, ranging from wages to dividends to social security benefits, this article will focus on the high level categories of earned income and passive income. Earned Income can be defined as… “Money derived from paid work.” What Is Earned Income? You work for someone … Continued