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Lots of money can be made when you buy

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Image courtesy of phanlop88 from freedigitalphotos.net
Image courtesy of phanlop88 from freedigitalphotos.net

It sounds like an oxymoron, but you can make money when you buy real estate.  In your search for a killer deal find a realtor who has experience working with investors.  It can be difficult for a lot of realtors to work with the unemotional investor if they are used to the typical anxious seller or the buyer who falls in love with every house they see.

One of the best realtors to know is the real estate owned (REO) realtors in your target area.  These are the realtors that manage the bank owned properties.  Find them as can make a big difference in your bottom line from the moment you say “BUY”!

Anyone experience making money when you buy?  Please comment.

A very important question…

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Image courtesy of Image courtesy of Stuart Miles from freedigitalphotos.net
Image courtesy of Image courtesy of Stuart Miles from freedigitalphotos.net

A job interview can frazzle your nerves and keep you guessing how you performed long after it is over.  Why not ask your interviewer a question that can help clear your mind and let you know right where you stand before you leave the interview?  Ready for it?  Here it is…“Is there any reason you wouldn’t hire me?”  The answer to this one question will give you a ton of information.  If there is any doubt in their mind and they express it, it will give you the opportunity to further explain your position and eliminate their doubt.  Of course if there isn’t any reason, you can expect a follow up call with a start date!  Make sure you ask this question!

What are some other questions you might ask an interviewer?  Please comment.

 

 

BULLSEYE Target

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Image courtesy of David Castillo Dominici from www.freedigitalphotos.net
Image courtesy of David Castillo Dominici from www.freedigitalphotos.net

Target Department Stores has some great ways for you to keep more of your money!  Besides the usual manufacturer’s coupons and Target coupons, they have a smart phone app called “Cartwheel” that provides some great savings.  The app is easy to use and it can be used to scan bar codes of products in your cart to see if there are any additional savings!  After you have added the products to the app it will produce a bar code that the cashier can scan which will deduct savings.  Be sure to sign up for coupons to be mailed to you as well they provide some pretty good offers.  Also their clearance is usually located at the ends of some isles and can provide some super deals.  Lastly if you use the Target credit card they will give you 5% off everything you buy.  There is some significant savings to be had.  Target has hit the bullseye for savings!

Please share other stores that provide great savings.

 

How to EASILY get other people to do what you want

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Image courtesy of keakguru from www.freedigitalphotos.net
Image courtesy of keakguru from www.freedigitalphotos.net

Everyone knows the old saying “You catch more flies with honey than you can vinegar”.  It is absolutely true, even though we aren’t fishing for flies.  We are fishing for good relationships.  Whether it is your family, friends, or employees, the old adage is true.

Don’t misunderstand, the vinegar approach will work in the short term because nobody likes negative consequences. However, for long term relationships the honey approach is always better.  

Some good tips to be sure you are using the honey approach is to be polite, caring, and listen well.  Be focused and attentive when having conversations.  Then always work towards a win-win for both parties.

 This one tip can make the difference between your employee having your back or kicking you in the behind!

 Can you list another tip on how to get your employees to do what you want?

 

One Simple Trade at a 73% WIN PERCENTAGE. Interested?

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Image courtesy of ddpavumba from www.freedigitalphotos.net
Image courtesy of ddpavumba from www.freedigitalphotos.net

It is called “The Bull” and it is NOT full of it.  This Thursday at 7:30pm join our FREE webinar where we will go over this simple stock option trade that really seems too good to be true.  But it isn’t, here are the highlights:

-No Technical Analysis!

-No Searching for Stocks!

-No Adjustments!

This trade only needs to be checked once a day, just like making your bed in the morning.   This would be an excellent investment vehicle for your IRA retirement accounts or really any account that you want to grow with minimal interaction.

What is the WIN PERCENTAGE of your trades?  Please share.

 

1978 got the lead out!

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Image courtesy of hywards from www.freedigitalphotos.net
Image courtesy of hywards from www.freedigitalphotos.net

Of course we all know that lead is considered to be a harmful environmental pollutant.  According to the EPA and HUD approximately 75% of the houses built before 1978 contain some lead-based paint.  So what?  Well if you are looking to buy real estate built prior to 1978 you should be fully aware of this issue.

To keep tenants safe, some rehabbers will “encapsulate” the lead paint to make sure that it is sealed.  As a landlord you must be diligent to make sure the paint is fully intact and does not get chipped or else the lead is exposed.  There could also be multiple sources of lead in the home so be sure to test thoroughly.

The EPA has lots of information on lead and can provide information on “abatements”.  This must be done by a Lead-Safe Certified firm and can be very costly. 

Another option is to only buy property built after 1978.  We like this option the best as it provides the least risk for lead issues.

Any real estate investors out there with any lead stories?  Please share…

 

Deal or no deal?

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Image courtesy of Stuart Miles from freedigitalphotos.net
Image courtesy of Stuart Miles from freedigitalphotos.net

If you have elected to get your life insurance coverage through your employer, please take a closer look.  Generally the benefits offered by your employer are a good deal but life insurance may be a different story. 

Carefully look at the amount of coverage to make sure it is adequate to cover your dependents in the event of your death.  Chances are the coverage is much too low.  Typically the standard coverage recommended is 10 times your gross annual income.  If you don’t have enough you should seek additional insurance.

Another point to watch of course, is the cost of that coverage.  In many cases the insurance from your employer is much more expensive per thousand than traditional term insurance.  So be sure to price it out and make sure you’re getting the best DEAL!

Do you have adequate life insurance coverage?  Click like!

 

Phases to FREEDOM!

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Check out our “Phases to FREEDOM!”.  This webinar goes over our “5 Phases to Financial Freedom” which are (1) Always watch your nets, (2) Starters, (3) Debt destroyer, (4) Self first, then kids and (5) Put your money to work.

Are you on the path to financial freedom?  If so, please comment on what phase you are in.

Expect the unexpected

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911 by Stuart Miles from freedigitalphotos.net
911 by Stuart Miles from freedigitalphotos.net

Establish and maintain an emergency fund of at least six months of expenses.  This is extremely important and should only be used in emergencies.  It should be easily accessible so that you can withdraw the funds quickly.  It should only be used for unexpected costs, it should not fund vacations, new expensive clothing, dining out or other luxuries.  Be sure to keep the emergency fund in a separate account so it is not mixed with other funds for other purposes.  Stay away from temptation!  A good way to make it grow consider is to set up automatic monthly transfers to ensure it gets fully funded.  The emergency fund is for unexpected expenses like appliances that stop working, getting laid off from a job, long illness or an accident.  Be sure to keep this fund for the unexpected and you will be prepared!

Please click “Like” if you have an established emergency fund.