People who become wealthy wholesaling real estate are business geniuses. Fortunately, they’re also generous, and willing to share their secrets with others. It seems that real estate entrepreneurship and philanthropy go well hand-in-hand. In fact, I just recently heard an interview on public radio that sparked my interest. Bruce Marks, a business mogul from New York, has started an entire nonprofit giant. His success is based on the idea that generosity can pay enormous dividends.

As soon as Marks graduated from the MBA program at New York University, he got a job as a regulator at the Federal Reserve Bank in New York. With the goal of helping those less fortunate than himself, he soon secured another position as a union activist for Boston hotel workers. By the time he was hired at the Union Neighborhood Assistance Corporation in New York, Marks knew how to run an ethical business. Eventually, he got so good at what he was doing for UNAC that he started his own nonprofit organization, the Neighborhood Assistance Corporation of America (NACA).

NACA’s mission is to help prevent home owners from facing foreclosure and repair their credit. He believes that in a healthy economy, people can afford housing and can obtain the credit necessary to own commodities and necessary items like cars. Through NACA’s program, people can refinance their home loans for free. They also offer free credit counseling, and loans for prospective home owners without down payments. NACA has remained successful because they set up agreements that their clients can adhere to. Since they’re not greedy, they maintain their customer base.

Currently, NACA’s biggest campaign is against sub-prime lenders and their greedy practices. Marks is going after banks like Countrywide, who have caused thousands of home owners to foreclose. While NACA’s aggressive campaigns put many financial institutions, others, like Citigroup, have benefited from partnerships that offer affordable lending solutions to prospective home owners.

Real estate investors are so happy with their success, they’re quick to both boast about their deals and share knowledge with others. Bruce Marks’s business follows that model. While he earns money as a financer, he also repairs peoples’ credit and offers them the opportunity to live the American Dream. When everyone benefits, we can all enjoy the REI Lifestyle.

Michael Kimble’s daily blog at Wholesale Real Estate blog has more daily tactics and news, as well as real estate investing videos. He also has 4 free marketing systems that you can download, at : Wholesale Real Estate tips.

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