Russell Conwell in the early 1900’s gave the speech “Acres of Diamonds” over 6000 times, sharing with his audience how a farmer in the Middle East heard about diamonds and sold his farm in search of increasing his wealth by finding this precious gem.

Well, he traveled far and wide and spent all his resources, dying poor and homeless and never finding the diamonds he had heard so much about. The new farmer who bought his land was down by the stream one day and saw something glittering by the waterside.

He scooped up these curious entities and took them to a trusted advisor who informed him that he had found diamonds.  That’s right!  Right there on the land that the other farmer overlooked was what he was searching for literally right under his nose.

Russell Conwell told that story and the rest of the speech, which became one of America’s Most Famous speeches, so successfully that he was able to raise enough money to start Temple University in Philadelphia, Pennsylvania. The speech “Acres of Diamonds” allowed thousands of students from working class families to receive an education they would not have been able to attain.

Veterans, your Certificate of Eligibility (COE) is your Acres of Diamonds. Your COE is worth up to $417,000 dollars.  Your COE allows you 100% financing  to purchase property with one to four units. one to four units.

There are a few veterans who accepted good advice when they returned from the Vietnam War and they bought a multi-family property.  They lived in one unit and rented the other units. When the value of the property went up they refinanced the building into a conventional loan and then used their COE again and purchased another multi-family property and lived in one side and rented out the other units.

Eventually, after doing that process a few times, they were ready to buy a single family home but now they had a real estate portfolio in addition to their single family home.

I am encouraging all Desert Storm / OIF and OEF veterans just starting out to consider this formula for creating wealth in their life.  Shelter is a necessity of life and with all the short sales and foreclosures, people will need to rent until they can get their credit restored to buy a home again.

If you are a Vietnam Veteran in your 50’s or 60’s buying a multi-family property in Ft. Lauderdale, using your COE to qualify for a NO-NO Loan (No down payment and No closing costs) could be a great way to downsize and supplement your retirement with rental income.

Veterans, some of you discarded your COE because it says $36,000 dollars. You didn’t realize your COE is worth up to $417,000.  You have been like the farmer who sold his land not knowing that right under his nose was his opportunity to attain his dream.

Here is the link to read the rest of the story by Russell Conwell.

Please contact me, The Home Lady©, for more information on using your COE to qualify for the 100% government-backed VA NO-NO Loan.