Analyzing the structure of your deal with Filthy Riches

Filthy Riches is a concept developed by Real Estate guru Larry Goins of buying and selling distressed, low-end, and cheap, “dog with fleas” properties that virtually no one else wants which can be done in any state, and then selling them with a low down payment and carrying the financing for the buyer.

 

In this article we look at how this system works.

 

How does it work?

When you sell a property you will sell it with a low down payment and finance the balance. This is what makes low-end properties so easy to get rid of. A typical property that you buy for $5,000 will go right back on the market for around $30,000 with $1,000 down and you can finance the balance of $29,000 for 10 years at 11% interest and the payment will be $399.48 a month.

 

Now almost anyone can afford a $400 a month payment and if they are serious about becoming a homeowner then they can find the $1,000.

 

You can change the terms to fit your buyer, especially if they have more cash with a little less credit or maybe have good credit but not quite $1,000 to put down. You may have them put $500 down and finance the balance for 7 years with a higher payment. This will even give you a higher yield on your $4,000 investment.

 

Sometimes you will be able to get more down payment. For example, if you sell the property on eBay where the bidders are bidding n the down payment then sometimes it may go for $2,000, $3,000 or even $5,000 or more. Then you have nothing in the property. This is great for you and it is also a good deal for the buyer because they got to buy a property that YOU negotiated a steep discount on and they didn’t have to qualify to get a loan. If the buyer is an investor, even better because they now have become an instant property owner without qualifying for a loan and can fix it up and rent it out for a positive cash flow. This is a win-win situation for everyone!

 

As a general rule, try to keep it simple and try to keep most of your deals at $1,000 down and $399.48 a month for 120 months, which is 10 years at 11%. However never turn down a larger down payment.

 

Larry Goins is a coach, author, trainer, and real estate investor.  His critically acclaimed new course Filthy Riches http://www.FilthyRiches.com contains more information on deals for low end real estate for the real estate investor.  Visit Larry’s website at http://www.LarryGoins.com

2 Tips On Selecting The Perfect Wholesale Website Domain Name

By Rob Swanson

One of the most important things you can do to help optimize your wholesale real estate site for good placement in the search engines is choose a good domain name.  But, you might be asking “What makes a domain name good?”  And let me just say for the record, it is not the name of your company in most cases.  No one knows the name of your company and frankly, no one cares.
When it comes to domain name selection, it’s all about branding and understanding your potential customer.  And, the answer is pretty easy.  You need to think like your potential customer, you know the person typing a search into Google that you hope sees your website.

In the case of a wholesale real estate site building a buyers list, it is important to recognize that your potential customer is searching for good real estate deals, wholesale property, cash flow houses, real estate wholesalers and so on.  If someone that is buying in your area is typing one of these searches, you want your domain name to hit as the first line of optimization.  Because, when a search engine receives a search there is a lot that happens, but one of the first things the search engine does is look for domain names that are relevant to the search keyword or phrase.

Here are two tips that should help:

1. First, your domain name should identify “what you have”.  For example, wholesale real estate, investor properties, rehab houses, etc., etc.  This is what people are searching for and should be a part of your domain name.

1. Second, your domain name should identify “where you have it”.  For example, Denver or Colorado or Adams County or SW Florida, etc., etc.  This is where people are searching.

Because people search for what they are looking for generally by location choosing an easy to remember domain name that covers both is a great place to start.  Combine an easy to remember mix of “what” and “where” into your domain name and you will be taking a big step forward in helping cash buyers find your wholesale website online.

For fast, organic search engine ranking there are 3 additional techniques you can use to crush your competition and dominate your online presence.  I’ll address these other techniques in upcoming issues but for starters, get your domain name right first.

About The Author

Rob Swanson is a full time real estate investor and is the publisher of the 100% FREE, content rich http://www.WholesalingNewsletter.com.  Claim your copy today and learn how you can find wholesale real estate deals in your backyard in less than 3 hours.

Defining your path to success

© 2008 Tom Zeeb / Profitable Partnerships USA, LLC

Many new investors are confused about what type of real estate investing they should be doing. There are so many choices and so many gurus telling you what is best that it is hard to figure out where to start.

Most go for the obvious answers: rehabbing or land lording.

While there are huge profits to be made in both of these, are they really the best things to start off doing?

I argue that they are not appropriate for a beginning investor who is looking to do their first deal and launch a career in real estate investing.

The main reason I do not recommend starting with these techniques is that there is too much downside risk. Renovations take far longer and cost way more than you expect them to and they can wipe you out if you are not prepared or if you do not have enough financial staying power to survive your own miscalculations.

Ditto for rentals. Unlike stocks or mutual funds, real estate investing requires management and managing tenants can be a nightmare (ask me how I know…). So many things can go wrong and what you thought would be a cash cow turns into an alligator. Rentals also have no end in sight, as they are a long term investment. That is why I do not think they are good for the beginning investor.

I am not trying to say that renovations or rentals are never good investments, but rather that they are not good for a rookie investor. The type of investing you do needs to compliment your CURRENT business and personal situation.

If you are broke and struggling to put food on your table, why would a rental that requires a large down payment and only pays out a couple hundred bucks a month be a good idea now? What happens when the roof leaks or the toilet clogs and it wipes out three months of profit? How many days in a row can you eat tuna? (My record is 13).

Likewise, if you only have five grand in the bank and no job, why would a rehab be a good idea? Do you really think you are going to come in on-time and under budget? Most seasoned renovators struggle to do that, what makes you, who has no renovation experience, better? And what happens when you burn through that little nest egg?

The key to figuring out what to focus on at the beginning is to figure out what you need right now.

What do you need right now? Think about that and write the answer down.

Do you need money? Do you need debt relief? Do you need tax breaks? Do you need an income stream for retirement?

What is your current position and what do you need CURRENTLY?

Long term goals like building wealth are different. If you already have significant amounts of money in the bank, then maybe this would be your answer, but most first-time investors are usually either broke or have only modest savings.

I see so many investors mess up because they want to do a particular type of investing but it isn’t suitable to their current situation. If you are truly in this for the long term, then you need to think long term. Be patient. If you really want to be a renovator, you will be, but wait until your circumstances make it possible.

Your business plan (which must tie into your life plan) needs to consider your current situation. The goals you set and the strategies you choose to pursue need to help you meet those goals. Match your plan to your current needs!

That being said, I recommend every investor start with Wholesaling. Wholesaling has very little downside risk. You have a minimal amount of money at risk (no more than $500) and no long-term obligations. The deal moves quickly and before you know it you are cashing a very significant check. (My average wholesale profit is $24,829)

You also get to build a team and test that team in action. You’ll learn the basic building blocks of the real estate investing business: contracts, negotiation, handling objections, estimating repairs, and most importantly, marketing. You’ll also be able to safely learn about the next steps of the business by keeping in touch with your buyer and his progress. You can stop in and see the renovation in progress and then see the final result and get an idea for what it takes.

Most importantly, you will have gotten through an entire deal from start to finish. This does something magical to you. You suddenly start believing in what you are doing. It is no longer theory. It is no longer just something you read about in books or hear speakers talk about at the local meetings. It is something that you have done, something with tangible evidence of your accomplishments.

This gives you the confidence to go forward and do it again. You start to be less fearful of marketing or answering seller calls. Your family and friends start believing in you and quit trying to hold you back. You go forth and just do it!

If you had used a technique like land lording or rehabbing that didn’t have a quick or foreseeable end, you wouldn’t have that wonderful sense of closure nor would you have a large check in your hands. An unfinished renovation or a nightmare rental property might discourage you from continuing in the business or even wipe you out financially. At least with a failed wholesale you don’t destroy your life or your bank account.

So, think about your current position and your current needs. There is a time and place for everything. When you’ve built up a strong cash reserve, by all means start to consider other options. But when the time is right.

Your needs will change, and therefore so will your business plan and the techniques you use to achieve your goals. Always be sure the techniques you choose to use match the needs you have at that time.

________________________________________________________________________________

Tom Zeeb and Will Lansing are active real estate investors, national speakers and mentors who coach students how to make BIG profits so they can live the lives of their dreams. They are the authors of the highly acclaimed home-study course the “Profitable Partnerships Success Library”. For information on having Tom & Will speak to your real estate group or for home study course and other Profitable Partnerships product information, please visit www.profitable-partnerships.com email mentor@profitable-partnerships.com or call 877-COACH-50.

Why do 50 % of small businesses fail in their first year and 95% by their fifth year?

The answer is simple: they run out of MONEY!

Whether you’re starting out with great credit or not, you should establish a corporation.  Then you can get secured credit cards to help build your corporation’s credit score.

These cards are issued based on an amount of cash you put into a secured bank account. Once you receive the secured credit card, use that cash to pay bills that you would normally pay monthly, such as rent or the phone bill.  You can use the card to establish buying activity as well as keeping a track record of payments in order to get or increase your scores.

The credit bureaus will then report these types of cards and help you build credit under the business’ name.

Remember, you want your corporation to look good, so when you present yourself to somebody in a future business deal whether it is a lender or another investor, you want to show what credit you already have, and what your scores are for your corporation — not yourself personally. Many will be impressed by that, because not many people can do this.

I built a corporation in spite of this with a little effort and some patience. Then I added two people as credit partners and in one week I received $200,000 in credit.  I did not have great credit, but I brought people on who did, and I was able to leverage their resources to get what I needed.

In business, understanding and utilizing the power of leverage of other people’s resources can get you far ahead of the game. If you have bad credit or you’re credit challenged for whatever reason, you can get a credit partner and build $200,000 just like I did.

So long story short – the answer is yes, you have to have good credit if you are building credit under your name.  If you are building credit under your businesses’ name and following this process, your credit won’t matter at all!

Dustin Mathews- best-selling author of How to Get Rich Working For FREE, and co-author of Secrets of The Real Estate Millionaires, is the nations most celebrated small business and entrepreneurial financing expert.  Claim your very own copy of the video e-Course, “How to Get The Money You Need to Launch or Expand Your Business without Going to The Bank!” at http://www.BusinessCreditVideos.com

I have dedicated a large part of my life to studying business practices of real estate investors and other successful business leaders. I wanted to find out what separated successful business leaders from others who failed to build a long term sustainable business?

There is a saying that all businesses runs optimally in between chaos and control. Likewise, the success of the business is dependent upon the inner-workings and ability of the leader to balance these two qualities. I have found balanced businesses are often “Built to Last.” Meaning the leader and the organization itself are flexible enough to make adaptations to business opportunities yet still detailed enough to produce a quality product, service, and customer experience.

Chaos
I have found unfocused, disorganized, and generally sporadic businesses often produce results that leave much to be desired. If the leader is chaotic in their actions then products and services are often rushed to the marketplace often producing lackluster results. Likewise, when the leader of an organization is in a constant state of flux it confuses employees who need direction. When a business lacks direction it becomes more difficult to leverage the talents of its employees.

I experienced this problem first hand when I started hiring my first few employees. At the time my business partners and I were moving so fast we never sat down to create detailed job descriptions for our first few employees. I threw these first few hires into the fire and expected them to catch on and produce immediately. I was literally flying by the seat of my pants and as a result of my lack of planning it made their jobs very difficult because they never knew what we were going to be doing next. Flying by the seat of your pants works for many entrepreneurs, but it seriously hinders the growth of many new hires.

The inherent problem was my lack of patience and focus. Being an easily excitable person meant I was often going in a million different directions at once. I wanted to build Rome in a day and as a result I wasn’t laying the proper foundation for my business. My foundation was being built with incomplete ideas and unfinished projects.

It wasn’t until I realized I needed to slow down before I could speed up. This is a common problem for many entrepreneurs. Creative people with visionary ideas are often bored and lack the focus it takes to build a long term sustainable business. The entrepreneur moves from idea to idea and the employees are left to pick up the pieces.

Control
Perfectionism is often equated to excellence. After all haven’t you seen the works of Michaelangelo, Twain, and Edison. Perfectionists can produce some amazing things. However, I truly believe this is a common misnomer when it comes to the business world. In the business realm perfectionists often act too slowly and as a result miss opportunities. If your forever focused on the details you sometimes miss your opportunity.

I have experienced this first hand when it comes to the world of real estate investing. I have seen a lot of investors miss great opportunities because of their perfectionist personalities. Perfectionists want to gather all of the information and have a tendency to overanalyze everything. As a result they are slow to act and miss opportunities. All successful real estate entrepreneurs know good real estate deals don’t last long and are often snatched up by investors who act with only 50% of the information. If you are a perfectionist who must always dot all your i’s and cross all your t’s you will still be analyzing the business opportunity when someone else is taking advantage of it.

Balance
I think successful people understand the importance of balancing the speed at which they operate. They understand they must be focused enough yet still flexible enough to take advantage of small windows of time. I have consistently battled this throughout the life of my business. The only way I overcame this problem was by setting weekly goals focusing on only the most important projects which would build the foundation of my business. However, I was sure to leave a small amount of time during the day and on the weekends to look at new business opportunities that came my way.

 

 

Than Merrill, CEO of FortuneBuilders, INC and CT Homes, LLC is currently a full time real estate investor, speaker, and one of the most successful investors in the nation. He is also the star of A&E’s hit TV show “Flip this House.” In the past few years his company has bought and sold over 260 properties across the nation. Than’s clients are some of the most successful investors around the country as a result of the cutting edge marketing and wholesaling systems he has developed.

 

Than is a graduate of Yale University and he currently resides in New Haven, CT.  After college, he played in the NFL with the Chicago Bears and Tampa Bay Buccaneers before moving on to real estate development. To find out more about Than’s powerful real estate seminars and home study courses go to http://www.TheCoachingClub.com.

How to Set and Achieve Your Goals in Real Estate

 

By Larry Goins

 

I want to ask you two questions. One, do you have a Will? And two, do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than you are while you are here. Think about it. I want to challenge you to start setting some goals, but remember if a goal is not in writing, it is simply a conversation. It must be in writing and it must have a deadline. Here are a few guidelines for setting goals. Oh, by the way… you need a will also.

 

Goals Must be Specific

 

I want you to be specific and include details but start rough. When you start rough for example, you want a Mercedes. You do not have to get into the details about what color, what options, that sort of thing, just write it down. Make your list huge, what kind of home do you want, what you want for your family, college education, spend more time, travel, anything you can think of. You can come back later and prioritize them and set them up as to what you want in one month, three months, six months, twelve months, then three, five, ten, twenty, thirty year goals. The more goals you have, the happier you will be, the longer you will live, and the more prosperous you will be.

 

Goals Must be Believable

 

Remember this, your goals must be believable, by you, or you will not pay the price. They must be believable, they must be just out of your reach, but you must know you can reach them, if you really strive to do it.

                                                                                              

Goals Must be Measurable

 

You cannot set a goal to be financially independent. There is no way you can measure that. You need to set a goal for the amount of income you want per month, per year, the amount of equity that you want in properties – one, three, five, ten and twenty years. It must be measurable. That way you can break it down to what I call “reduce it to the ridiculous”. If you know you want to earn $100,000 a year, you know that is $8,333 per month. That’s just one deal a month where I live. One of the things I have learned is, successful people set their goals quickly and they make adjustments as they go along. Just like successful people make decisions quickly, they do not vacillate in indecision or what I call sometimes; get mixed up in a funk of negativity.

 

 

Goals Must be Congruent

 

Your goals must also be congruent with your actions. You cannot set a goal to work harder, longer hours AND a goal to spend more time with your family. Those are not congruent. They must be congruent with your actions.

 

Visualize What You Want

 

Another good thing that will help you with your goals is to visualize what you want. If you see yourself as already having achieved the goal, you will fake out your mind and your mind sees the goal as already having been achieved. It’s called “fake it till you make it”. I used to do this all of the time. Just take a minute or two each day and think about life as it is with your goals already accomplished. It’s really easy when you get used to it.

 

Work Your Goals

 

The next thing you want to do is work your goals, work on the priority that moves you closer to your goals every day.

 

Number Your Goals

 

Number your goals in the order of importance. Not only is the goal important but so is the reason. Sure your want a car, but why do you want the car? Sure your want more money, but why do you want money? You want to be able to spend more time with your family, you want to be able to travel, you want to buy a Hummer, and you want to have an ocean front condo or send your children to the best college. Whatever it is, the reason must be there. The reason is more important than the goal itself.

 

Review, Monitor and Make Adjustments

 

Another thing you need to do is review, monitor and make adjustments on your goals. You have to be flexible. Some things are not going to happen, you have to face that; but you need to continuously strive to get better every day. If you will work harder on yourself than you do on your job then you will always be growing. Remember that last sentence and write it down as it is worth repeating.

 

 

The Goals Must Have a Deadline

                                              

As I mentioned first, your goals must have a deadline. A goal without a deadline is just a conversation. When beginning to set your goals, I want you to set your goals in four basic areas:

 

Financial

 

You will set goals based on income, equity or net worth and cash flow. All of these are financial goals.

 

Fitness

 

This is your health. If you don’t feel good, chances are that you are not working at your maximum capacity. So, I want you to set some fitness goals to stay healthy. Remember “an apple a day”? What if this is right and you are not doing it? Start small though, you don’t try to tackle all of these at once; but you need to be healthy not only for you but for your family as well.

 

Family

 

Set family goals. What is an example of a family goal? Maybe you want to take four vacations a year. Maybe you want to visit a new state, three times a year or five times a year. Maybe you want to go see the Grandparents two or three times a year; but maybe not. Anyway, you get the point.

 

Faith

 

You need to set some spiritual goals, some faith goals. I am not going to get into a lot of detail about that but that will help you along your way. Remember, if you slip in one area of your goals, you are probably slipping in some other areas. Another thing I want you to think about is the people you associate with. Take a minute and think about this. If you think about your ten closes friends annual salary and divide it by ten, then that is pretty close to what you make. I’m not telling you to get rid of your friends, all I’m saying is whom you associate with, is who you are like, so please keep that in mind. Don’t get rid of your friends, just get some more that are where YOU want to be financially. Most of the people I hang out with now, we all make over $500,000.00 a year. That just blows me away. I never imagined I could make that kind of money…. Well I guess I could, as we are talking about goal setting and visualization aren’t we?

 

 

I hope you have enjoyed this article taken from my course called the Ultimate Buying and Selling Machine! that teaches how we buy and sell 5-10 properties a month, never look at them and have them sold in less than 2 hours. For many more articles and a 10 part ecourse on how to create your own Ultimate Buying and Selling Machine! as well as over 50 training audio recordings you can listen to online, download and collect, simply go to www.LarryGoinsFreeOffer.com where you will gain instant access to all of this and 51 Exclusive Editable real estate investing Forms and Documents all FREE! You will also get two FREE real estate investing eBooks, A free Personal Coaching Profile to help you jump start your real estate Investing, FREE Nationwide Wholesale Property Listing Notification, FREE Weekly Training Teleconferences with Different Topic Each Week, FREE subscription to Larry Goins “Almost” Weekly Investing Newsletter, FREE Admission for Two to Investor Palooza 3 Day Training Event, FREE Admission for Two to Larry Goins 3 Day Boot Camp, Plus over 31 Exclusive Articles on real estate Investing and Much More! Just go to www.LarryGoinsFreeOffer.com. Thanks and I look forward to working with you, Larry Goins

What does it take to be a successful real estate investor?

By Larry Goins

I am often asked what does it take for one to become a successful real estate investor.  After years of investing personally and training students, I have a pretty good idea in my head what one needs to bring to the table to be successful.  More than what a potential investor brings to the table, is what they are willing to do once they get to the table that contributes to their success.

A solid real estate investor is not a gambler.  You have to be a wise long term investor, not a short term speculator.  When you invest in a property you need to be investing in properties that make financial sense when you buy them not sometime in the future if the stars line up correctly.

A successful real estate investor is willing to become educated in real estate.  If you aren’t learning, you are speculating.  To be successful you must work with successful coaches and mentors who are doing what they teach.  If they are telling you to buy one sort of property then they should be buying it as well.  When you enroll in someone’s coaching or mentoring program, such as my Inner Circle, you should be paying for results oriented training, not just advice.

A long term successful investor is investing in relation to their financial goals.  Whether you want financial freedom, retirement, or out of the rat race – you need to buy and sell real estate in a manner that is true to your goal.  Don’t amass countless rental properties if you aren’t inclined to manage properties and tenants.  Don’t by properties requiring rehab work if you aren’t planning to rehab or resell to investors.  Buy properties that are in line with your investing goals.

A prudent real estate investor understands that anyone who is selling anything needs to be working in a marketplace where there is demand.  Real estate investors are successful because they are willing to provide a universal need – housing – rather than marketing ice to Eskimos or cars to the Amish.  Populations are growing.  Housing will always be in demand.

A wise real estate investor doesn’t hand over control of their finances or their properties.  If you work with a property manager or a broker or a partner you must know who you are doing business with and only do business with people you can trust.  Greed, poor ethics, and lack of knowledge will drive you out of business in a heartbeat.  Eliminating layers of management between you and your investment protects your money.

A conscientious real estate investor never borrows money that can’t be paid back by tenants.  In other words, whether you are borrowing to flip, to rehab, or to rent you don’t want to get in over your head with loan repayments.  If you can offset $2500 per month in loan repayments with $2500 per month in rental income, then do not borrow more than can be paid back comfortably within that window.  It is perfectly acceptable to borrow money.  You know I am all about buying and selling even with no cash, credit, or experience.  But I don’t advocate getting in over your head.  Remember, you can always sell the note on a rental or lease-to-own property and get your cash out to pay off your loans.

A sensible real estate investor stays diversified.  Don’t purchase all your properties on the same street, in the same neighborhood, or even in the same city.  Be prepared for market variations, natural disasters, plant closings, etc.  Don’t put all your eggs in one basket.

A successful investor focuses on tax break assets.  Write-offs and deductions are as good as money in your pocket.  Rental and income properties are one of the most tax protected assets you can own.  And they offer a great write off and deduction for the wise investor.  My new course, Stimulus Opportunity Secrets will help you find all the hidden money and government funding available to real estate investors.  Check it out at http://www.StimulusOpportunitySecrets.com.

See my other articles for great insight into what makes a successful investor.  Hopefully this piece will guide you in your real estate investing and training.

Larry Goins

Larry H. Goins is not only licensed as a mortgage lender and mortgage broker in North Carolina and South Carolina, he is also licensed in both North Carolina and South Carolina as a Real Estate Broker and General Contractor. He is a member of the North Carolina Association of Mortgage Professionals and a member of the National Association of Mortgage Professionals. Larry has been investing in Real Estate for over 20 years.

In the past, Larry has served as President (2003 & 2004) of the Metrolina Real Estate Investors Association in Charlotte NC, a not-for-profit organization that has over 350 members and is the local chapter of the National Real Estate Investors Association.

Larry is an active real estate investor and travels the US speaking and training audiences at conventions, expos and Real Estate Investment Associations on his strategies for buying 10-15 properties per month without ever leaving his office. His new home study course, The Ultimate Buying & Selling Machine! has been a HUGE SUCCESS and the testimonials keep rolling in!!

Between speaking engagements and mentoring other Investors, he oversees the daily operations of Investors Rehab, Inc., of which he is a co-founder and officer. Investors Rehab, Inc. is a real estate investment company that buys and wholesales 10-15 properties per month to other investors at 70% of ARV.

An education in real estate investing is a valuable learning process.  This is a business that is always growing and changing with the most current trends, changes in laws and the newest technology.  You can bet those new investors, and your competitors, on the scene will be investing in the most current real estate investing programs and getting an edge on your business plans.

 

There is no reason to let your real estate education lie fallow once you’ve figured out how the business works.  Or even to ignore the chance to learn from experienced professionals who have developed their own education in real estate investing over the years. 

 

Taking a course or entering a real estate investing program every now and then can help you stay fresh and up to date on the newest marketing and selling techniques.  There are tons of benefits from taking different courses:

 

• ·        Get hot tips from other real estate investors
• ·        Learn new strategies in other areas of real estate
• ·        Make more money in less time
• ·        Expand your network and contacts
• ·        Take a tax deduction on the course

 

Yes, you can even take a tax deduction for the cost of taking a business related course to further your own education in real estate investing. 

 

There are a range of different classes on the market that look at different areas and aspects of real estate. 

 

A Variety of Different Real Estate Courses 

 

• ·        Incorporate for Wealth: The Attorney’s Secrets – This course teaches investors how to incorporate themselves and set up a corporation for tax and legal reasons.  Corporations are great options for investors bringing in hundreds of thousands of dollars a year, especially if you need to take more deductions to preserve your wealth.

 

• ·        How to Find Motivated Home Buyers – The name says it all.  This real estate investing program shows you how to find and attract the homebuyers to purchase that real estate property.  Must have knowledge for any real estate investor.

 

• ·        Real Estate Profit Pro – Hate having to analyze every deal to come up with an offer that won’t cost you profits in the long run?  This nifty little real estate investing program will compute two separate offers for every homeowner based on information you put into it!

 

• ·        IRA Wealth – Once you start bringing in that money from your real estate business you’ll want to build for retirement with a Self Directed Roth IRA.  This program can show you how to build wealth for the future.

 

• ·        Sold in 36 Hours!  The Secret to Selling Houses Fast – Now, you know it’s important to sell a property quickly once you purchase it, but 36 hours!  Try adding this to your education in real estate investing to see you can really increase your profits.

 

Naturally these aren’t the only real estate investing programs on the market, though this small sampling does give you an idea of the wide variety and range of educational materials available.  It’s not all ‘Buy Low, Sell High!’ generic real estate classes.  Although, that is one of the main tenets of any good investing business.

 

Furthering your education in real estate investing doesn’t have to cost you money either. There are plenty of ways to stay educated in the most current strategies without investing more than your time:

 

• ·        Articles in the internet and magazines
• ·        Signing up for free real estate themed newsletters
• ·        Check books out of the library on the topic of real estate
• ·        Attend free seminars, forums, and programs
• ·        Join a real estate investing group and mingle

 

Once you start looking around you’ll be surprised at how many different ways there are for real estate investors to stay educated and up to date in the marketplace. 

 

Call to Action:  Head over to Realestateinvestor.com to find some of the best and most helpful real estate investing programs on the market.  The site also features plenty of free educational materials to help you further your education in real estate investing.

Real Estate Investing Saving Grace

Today is the day that you’ll understand whether or not you’ll use real estate as another road to wealth. This article will introduce you to a well-traveled and mapped out highway to predictable prosperity. It’s time-tested and been proven to work. Let’s see if you can simply follow the map which will guide you to this new stream of income.

I’ll be your opportunity guide, the person who directs you into the fast lane while you methodically leave that old 9 to 5 behind. All success begins with a plan; real estate is just a tool you use in planning an overall approach to living a well-balanced and satisfying life. Once you find your sweet spot in real estate you’ll be one step closer to succeeding with near perfect performance in an enjoyable and prosperous endeavor.

Currently you’ll find that the world is on sale and everything is negotiable. Your ability to find, negotiate, structure, manage and market real property is the key to cashing substantial checks along the way. As with any trip, it pays to plan and prepare properly by first knowing and understanding the rules of the road while easily avoiding the obstacles and roadblocks along the way.

If you’re currently employed, keep that position until your real estate profits overtake your monthly take home pay by twice your current salary.  Then bank six months worth of wages before you contemplate leaving that old 9 to 5 in favor of fulltime investing. You may even choose to use real estate investing as a secondary income stream while you keep the regular J.O.B. (Just Over Broke). It is suggested that you have seven independent streams of income in order to truly be insulated against unforeseen circumstances that lead to Chapter 11.

Rule number one is “Keep your overhead low.” Your new offices will be considered your car, your home and local public places. These are all fine venues to carry out general duties and are considered ordinarily acceptable work spaces for the mobile investor in today’s real estate game.

Remember the phrase “There are Riches in Niches” and there are a great many specialties to choose from in real estate. You should strive to become a specialist in two or three areas of expertise but not so many that you fail to master the fundamentals of each niche. You don’t want to be a one trick pony but you don’t want to be the proverbial jack of all trades and master of none either.

You have no doubt heard that all successful people are most often masters of time management; it will serve you well to learn from the best right from the start while you refrain from constantly searching for new mentors to teach within the same subject areas. Limit the amount of differing advice that you get from competing resources so that you can maintain your focus on one proven step-by-step approach that has already been proven to work by following an existing blueprint. There is no need to recreate the wheel; use existing systems to leverage and compound your success and progress.

Start by finding a guide, someone who has already researched, found and verified qualified resources that are proven success models, from here you can begin building your team. T.E.A.M. = Together Everyone Achieves More. There is no such thing as competition; you should consider it co-opitition or co-operating competition. There is plenty of opportunity for everyone so don’t let a scarcity mentality spoil your journey.

There is an old saying in real estate and it states “You get paid when you solve a problem.”  Seek to be a problem-solver and a solution provider throughout your networks and areas of operation and you’ll find greater opportunities to be of service throughout the day.

Here are a few of the choices you have to provide service in real estate: bird-dogging, foreclosure investing, creative finance, seller financing, owner financing, no money down,  private funding, notes & mortgages, commercial, residential, raw land, judgments, liens, flipping, wholesaling, sub2, auctions, probate, lease purchase, options, tax strategies and a great deal more.

The key is goal setting and we’ll make it easy. Starting out with just 30 minutes a day to read one chapter of real estate educational materials to help you fully prepare within 90 days to begin doing profitable deals while saving you time, money and frustration.

Believe it or not, it only takes a short while to understand the principles, cement the concepts, instill the fundamentals and begin to build your network while designing your plans and preparing to implement your strategy using precise tactics to own your specific niche in real estate.

The entire blueprint can be found at www.BeARealEstateHeavyWeight.com and it is guaranteed to work when you do.

Dan Auito

Double Your Income Using Robert Kiyosaki’s Formula of Investing With Controls

I recently had the honor of interviewing the world-famous Robert Kiyosaki and this is what I learned …

The popular perception is that being an entrepreneur and investing in general is risky business in which you’re likely to lose your shirt – and your nest egg. Well, it’s time to debunk that myth!

See What Others Cannot See

First, think like an investor, not an accountant or an attorney. That simply means seeing the true value of something rather than just considering the original price. If you can see what someone else can’t — like how existing zoning will limit or expand what can be done with acreage – you can identify low or no risk investments.

Also, you must have an entrepreneurial spirit and a love for that lifestyle. Investing isn’t for those with a “saver’s” mentality as making money and attaining wealth are about mind control — how you view an opportunity and what you are willing to spend in order to step up the value are key.

So says Robert Kiyosaki, author of The New York Times best seller Rich Dad, Poor Dad. He explains that the more you invest with control, the more profits go up and risk goes down. In large part, this is a matter of ownership and power over outcome, something you can’t get by participating in a mutual fund or buying stocks and bonds.

Six Critical Controls

According to Kiyosaki there are six critical controls to help you manage your financial statement for an investment; they are:

• income

• expenses

• assets

• liabilities

• financial training or management

• insurance

Financial Training

Although listed as number five, the most important of these is financial training as without it you can’t control the other five elements. Unfortunately, this is not something we learn at school but, luckily, in today’s global and web-based world there are many options for gaining the learning you need to become an expert at investing with control.

Controlling Income

With respect to the other critical areas Kiyosaki identified, controlling income is about making sure there is some and that you have a say on how much that will be. Think about owning rental properties where you can set the monthly fees versus opening a savings account where the bank controls how much interest you’ll receive.

Controlling Expenses

With expenses, the old adage is definitely true; you often have to spend money to make money. The point is to do it as necessary and wisely, whether it’s upgrading rental property by painting the apartments or increasing the advertising budget to see more of a product you make.

Controlling Assets

To do this, you need to be able to shift the gears in your head so that you’re seeing all the possibilities for making money and measuring them against expenses. Kiyosaki again uses real estate as an example: consider a piece of land that could be used for varied purposes, some at no additional cost.

However, if you think a bit out of the box you could build a mobile home park which, although it necessitates building an infrastructure, the costs associated with obtaining zoning changes and different capital gains taxes, has an ultimate value to the entrepreneur that is exponentially magnified.

If you don’t do these things you negatively affect your assets; remember even small changes can lead to large rewards. The learning here is that asset control can impact the speed at which your investment gains value. It’s as simple as deferring maintenance on that apartment building to keep expenses low or making the repairs now and being able to up the rental fees.

Controlling Liabilities

With respect to liabilities, pay cash where you can, refinance at a lower interest rate or sell equity instead of borrowing to pay off debt.

Controlling Insurance

Carry insurance and consider bypassing any investment where you can’t.

Raymond Aaron, New York Times Top Ten Bestselling Author, “Double Your Income Doing What You Love” Claim your http://www.GiftFromRaymond.com to double your income. It’s free. Join Raymond Aaron on Twitter @RaymondAaron. Join “Raymond Aaron Double Your Income” Facebook Fan Page at http://www.FacebookRaymond.com .