Untapped Riches: Never Pay Off Your Mortgage--and Other Surprising Secrets for Building Wealth - Softcover

Cutaia, Susan; Cutaia, Anthony; Slater, Robert

Softcover

ISBN 10: 0814473962 ISBN 13: 9780814473962

Publisher: Amacom Books, 2007

Synopsis

Why do some folks get rich while others just get by? The biggest stumbling block for most people is believing they lack the capital required for serious wealth-building. Untapped Riches dispels this myth. This remarkable book reveals that most homeowners are in fact sitting on "untapped riches." Working diligently to pay down mortgages, they are unwittingly tying up money in equity they could be investing elsewhere for greater return.

Offering 40 wealth-building and wealth-protection strategies, many of which fly in the face of conventional wisdom, Untapped Riches will change how readers think about borrowing money, investing, and mortgages. Challenging the idea that it is more financially sound to be debt-free, the authors believe that there is both good and bad debt -- and that the former is essential to generating cash flow and building significant wealth. Real estate tycoons know it’s all about leverage. Now, the authors, who made their own fortune in real estate, show how anyone can get the cash they need, and really put it to work.

About this title

Book Description

"Like most people, you've probably dreamt about making smart investments that would eventually allow you to do things like take one extra vacation a year...or own a nicer home...or even just rest a little more comfortably knowing that there's money in the bank. Maybe you even have a specific investment opportunity you'd like to take advantage of and know would pay off...but don't have the cash at your disposal to even get started.

Now you can stop being frustrated, because if you own a home, you're sitting on usable equity you didn't even know you had! Untapped Riches is an eye-opening book that dispels longstanding myths and misconceptions about financial health, showing you that there is both good and bad debt, and that the key to building wealth is leveraging the capital you already have...money that would otherwise be tied up, giving you significantly less return than you could otherwise acquire by making smart investment decisions.

Untapped Riches shows you how to use new mortgage instruments and flexible loans, with sound information on ""smart loans,"" interest-only mortgages, 1031 exchanges, and negative amortization. The book proves that you don't need a raise, a second job, or a get-rich-quick scheme to increase your net worth. You already have everything you need right now. This book provides you with 40 wealth-building and wealth-protection strategies you can use immediately to achieve your financial goals.

Flying in the face of conventional wisdom -- and backing it up with proven techniques and hard-won wisdom -- Untapped Riches will change the way you think about money, mortgages, and investing, and help you get the cash you need, and really put it to work."

About the Author

Anthony Cutaia has more than 30 years of experience in the financial markets. He began his career as a stockbroker, investment advisor, and a real estate developer, with a portfolio in excess of $120 million. He is a Realtor, mortgage broker, and member of the national Federation of Mortgage Brokers. Susan Cutaia is a mortgage broker. Together, they run the Cutaia Mortgage Group, Inc., and host a weekly television program called Talk About Mortgages and Real Estate. Broker Magazine rated them number one in Florida for generating the most real estate revenue. They live in Boca Raton, Florida.

About this edition

• Publisher: Amacom Books
• Publication date: 2007
• ISBN 10: 0814473962
• ISBN 13: 9780814473962
• Binding: Paperback
• Number of pages: 223