The Stefanchik Method: Earn $10,000 a Month for the Rest of Your Life-- In Your Spare Time

by John Stefanchik

Book Overview

A well-known infomercial star offers his proven guide to finding great profits in buying and selling privately held mortgages and trust deeds, presenting clear explanations of his procedure and charts... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 068812741X
• ISBN13: 9780688127411
• Release Date: January 1994
• Publisher: William Morrow & Company
• Length: 317 Pages
• Weight: 1.52 lbs.
• Dimensions: 1.2" x 6.4" x 9.5"

Customer Reviews

Good deal for some good info.

I agree this book has plenty of hype, I mean come on, $10K/month in your SPARE TIME?! I highly doubt it. However, this book does have plenty of good information. Just don't let anyone convince you that the discount mortgage business is an easy way to quick wealth. Considering that a good copy of George Coats "Smart Trust Deed Investing" costs between $300-$400, this book is a bargain!

Solid ideas. Too bad they're put in "Get Rich Quick " style

This is a very interesting book. It goes into the world "Second Trust Deeds" and "Takeback Notes" and really gives you a bird's eye view of this business. Unfortunately it will not work for 90% of the people. When I was first introduced to privately held Second Trust Deeds it was as an investment. These Seconds can be as high as 18% or 20%. It's a great way to beat CD's. Unfortunately, these percentages are harder to come by in this easy mortgage environment. Many of the ones available are in neighborhoods that secondary investors would not want to buy in.The other flaw in his logic is selling before you buy. Many holders of these notes want some type of deposit to hold the not why you find a purchaser.Lastly, this is a nickle and dime industry. You are trying to make 2% to 3% differences here and there, sometimes you can sometimes you can't. There is really no way of really fulfilling the promises of the title without working this program full time.I have an investment advisor for 11 years, I focus on futures and commodities, and I have written three books on the subject. I know when the facts are being presented and when it is just baloney. Stefanchik has some facts...too bad it's mixed in with the baloney.

An excellent "CASH FLOW" System

John Sfefanchik has written a very good book on cash flow with discounted mortgages. This information is just as vital now as it was back in 1994 when it was first written. Some companies charge as much ...[way to much] for a 2 day seminar for the same information.