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A resident of South Florida for over 30 years, Forrest has been a successful business leader, health administrator, entrepreneur, consultant, and educator. In 2006, he discovered “a whole new lease on life” with Nouveau Riche. He credits his astonishing growth in income and personal development to his affiliation with Nouveau Riche and its EPIC system, which has offered him a world-class education and personal mentorship from seasoned investors and extraordinarily giving team members. He also enjoys multiple streams of income generated by sharing the NR education with others. He employs a variety of investing strategies, acquiring Pre-Foreclosures, Foreclosed (Bank-owned-REO) properties, and both performing and non-performing bank notes throughout the United States. Forrest praises Nouveau Riche Instructors for introducing him to just about every strategy known to man to make “impossible” deals happen. Mr. Bledsoe is no stranger to the world of education. He holds an MBA from the University of Miami and spent fifteen years as a member of the Business Schools Advisory Board for the Health Administration and Policy Program, which is responsible for its educational curriculum. During the mid-1990’s he served as the Director of Executive Programs in Health Care Administration at the University, where he developed and managed an innovative Mini MBA-styled program directed towards Physicians and Health Care Professionals. He has served as President of the Business School’s Alumni Association and is a co-founder of the Up With People International Alumni Association, which has grown to 20,000 members in 72 countries. Today, Forrest Bledsoe is excited to join the ranks of Nouveau Riche’s amazing leaders in sharing the vision of its founders, Jim and Mary Piccolo and Bob Snyder. He looks forward to taking the Florida market to a whole new level by helping others recognize their “new lease on life” too.
http://RealEstateProfitCoach.com First video in the series by Bob Leonetti, the Real Estate Profit Coach, on how to get into the paper business, create seller financing, analyze paper deals, buy paper, buy notes, value notes, create paper and generally do all you need to do to make money with notes and paper.
Yeah, it goes down
Yeah, it goes down
Uh-huh, it goes down
It goes down
I thought you knew it went down
Believe that
Verse One:
I rock Versacci, sippin VSOP and Hennessey in foam cups
Motorola flips with illegal chips
Dip-pin’ like Teela where everybody momma collectin money from fiend
Five series Beemer, one-hundred and eighty-nine horsepower
I like bitched with dimples and nipples the size of silver dollars
Rollin three deep in Eddie Bauers chokin out LAPD Rottweilers
like chihuahuas, all day eryday
In Southern California where the dogs and the ribs stay
And nowadays fools don’t know how to act
Cause we all wanna be Tony Montana
Matter of fact, gimme five we got dap, gimme twenty-five
We got a bird and profit is made
So while the homey cut cavvy with a razor blade
I rock beats without baking soda
And money gets watched it’s only illegal if you get caught
Thought you knew cause the DEA do it too
Keep seperate books for the internal revenue
Capitalism is pimps and hoes
In ninety-six I ’spose anything goes
Chorus:
Big bank take little bank anything goes
Legal or illegal however you make your cash flow
Big bank take little bank ahh anything goes
Legal or illegal however you make your cash flow
Verse Two:
All you PH Ballers, Dirty Mack’s need to KG
I’d rather be a dope MC than a broke OG
I get, manicures to keep my cuticle suitable
Player, don’t hate me because I’m beautiful
I got a pocket full of C-notes and food stamps
Just big bills and free meals baby so lamp
Cause jealousy gets you burned like bad perms
if you live you learn, I spit game like Chick Hearns
to women with, measurements of 38-24-36 with DSL’s
but money talks ESL
In the game of Monopoly, if you don’t pass go then go di-rectly to jail
Cause I’ve seen fools that struggle and turn they ownself into the po-po
It keeps the humble of they cool low
Selling ten dollar J’s right up under the man’s nose
Hahh, nigga anything goes
Chorus
Interlude:
One for the money (money), two for the show (show)
Three for the ladies but all they wanted was one
It’s one for the money (money), two for the show (show)
Three for the ladies but all they wanted was one
Verse Three:
Niggaz got stripes like, Tony the Tiger
But niggaz got strikes like Oral Hershiser
So look alive, inflation rise like yeast
S&L scandal stole millions
But we need more police to take back our streets, it’s drama
We all know that one-time be extortin them big-ballers
Gettin extradited with warrants in three states
Overcrowded prisons hopin the DA drop the case
So uhh, I ain’t forgot about the homey Kevin
He pled no contest and got stretched til ninety-seven
Dizmost and Little Dags hold tight
I know I seldom shoot kites but I be tryin to get my pockets right
My ideal real is Big Willie pourin out Dom P
for the dead homies with splittin Phillies (call it ends)
Call it loot scrilla cream green flow or dough
But to get mo’ nigga, anything goes
Chorus 2X
“It’s no disguise, it makes no sense
It doesn’t fit, if it doesn’t fit, you must acquit”
I am selling my house for $89,900, the buyers said the only way they can get a mortgage for that is to have the paperwork show a sale price of $113,000, with me financing the remaining amount, and then I can write off what I’m supposedly financing without any penalty. How do I write it off?
I have to second the previous answer. You would be deceiving the lender for purposes of getting them to loan more money than they would otherwise be willing to loan. This is a textbook case of FRAUD.
The buyer defaulted and hasn’t paid me for 5 months. I’m not sure what I need to do to either take the house back or somehow get my money.
There is about $20,000 left that they need to pay me. Does anyone have any recommendations or has experienced this personally?
If you have not been paid in 5 months you need to contact a service that provide foreclosure services in your area. You will find one in the local telephone book under foreclosure services.
Most will not charge you up front fees, they will do the entire service with the stipulation that if the property does not sell at the foreclosure sale then you will pay once you have taken legal possession of the house.
You don’t need an attorney. This person will simply take your money and refer you to a foreclosure service.
The foreclosure services have their own attorneys that will assist you with any questions you might have regarding the local foreclosure laws and what need to be done.
You might even have an initial consultation free of charge.
These companies know your options because they do this each and every day of their lives.
I hope this has been of some use to you, good luck.
Classify the following cash flows as operating, investing, or financing activities:
1. Sold long-term investments for cash.
2. Received cash payments from customers.
3. Paid cash for wages and salaries.
4. Purchased inventories for cash. .
5. Paid cash dividends.
6. Issued common stock for cash.
7. Received cash interest on a note.
8. Paid cash interest on outstanding bonds.
9. Received cash from sale of land at a loss
10. Paid cash for property taxes on building.
I became a little confused with some of these so any help is much appreciated. Here is what I got so far. Let me know what numbers are wrong please.
#8 should be INVESTING, otherwise they all look o.k. Investing activitites involve long term assets; our company loaning money out to others to make a profit as well as paying or receiving interest.
Does it really work, what is the notes he is talking about, is it worth the money, and what are the hidden costs?
If it worked he would just use his system and not share the information with anyone else. His true cash flow system is selling his fake system to suckers.
Required:
Prepare a cash flow statement for Rellis Limited for the year ended 31 December 2007 in
accordance with IAS 7 using the direct method.
Solution
Notes to the cash flow statement31/12/2006Cash outflow
cash & cash equivalents1,100-860
Working:
Cash receipts from customers
Opening debtors2,130
Sales24,000
Less closing debtors(2,310+260 Prov bd)-2,570
Cash received from customers23,560(O.A)
Cash paid to suppliers
Opening stock 1,800
Purchases… By deduction14,100
Less closing stock2,400
Cost of sales13,500
Opening creditors1,020
Purchases … from above 14,100
Less closing creditors-1,260
Cash paid to suppliers13,860(O.A)
Disposal of equipment
NBV (2,400,000-800,000)1,600
Profit on disposal 300
Proceeds from disposal1,900(I.A)
Cash paid to employees
Operating expenses3,000
deduct non cash expenses:
Depreciation-1,500
Increase in bad debt provision-260
Profit on disposal of equipment300
Cash paid to employees1,540(O.A)
Rellis Limited
Cash flow statement for the year ended 31 December 2007
Direct method
Net cash flows from operating activities
Cash receipts from customers23,560
Cash paid to suppliers-13,860
Cash paid to and on behalf of em
Cash generated from operations8,160
Interest paid-420
Tax paid-2,280
Net cash flow from operating activities5,460
Cash flow from investing activities
Proceeds from disposal of equipment1,900
Fixed asset additions-4,900
Intangible asset additions-2,100
Net cash used in investing activities-5,100
Cash flow from financing activities
Dividends paid-1,980
Long term loan decrease-800
Share capital issue1,560
Net cash used in financing activities-1,220
Net cash decrease-860
Cash at begining of period1,100
Cash at end of period240
sorry i know this looks really odd but hte acounts dont stay right on this please help
sounds about right thanks a mil!
If I remember my IFRS/IAS cashflow properly, the O, F and I stand for Operating, Financial and Investment, and the A is Activites.
So: Operating Activities cashflows are basically cash generated from your usual day to day trade, e.g. selling stuff to customers and then buying more stuff, paying off your trading debts/creditors, collecting cash etc.
Financial Activities: Would (I think!!) be things like paying off long term loans or taking on new finance.
Investment Activities would be buying and selling your fixed assets (like plant and machinery, vehicles or investments in other companies), and the associated cashflows.
Interview # 19 – Cash Flow in Miami – FORREST BLEDSOE INVESTOR-ENTERPRENUER
Free and Clear Cash Flow Real Estate Investing
http://RealEstateProfitCoach.com First video in the series by Bob Leonetti, the Real Estate Profit Coach, on how to get into the paper business, create seller financing, analyze paper deals, buy paper, buy notes, value notes, create paper and generally do all you need to do to make money with notes and paper.
Ras Kass — Anything Goes (1996)