Nothing down? Exactly why would a seller want to walk away from closing with nothing? The truth is, they normally wouldn't, and that brings up the most important point about real estate investing with no downpayment: A seller almost always needs cash at closing, but it doesn't have to be YOUR cash. Nothing Down - A Few WaysSometimes sellers are able to offer terms and a low or no down payment, but often you have to find a way to get at...more
There is nothing worse than putting house up for sale and watching it sit on the market. Here are a few tips to sell your house fast. Sell Your House FastThe following tips will help you sell your house fast, but we need to cover something first. If you have some type of defect with your house, it is going to have to be repaired. There is a difference between making small mistakes that prevent a sale versus having a major problem like a sliding...more
Hiring a property management company is a great idea if you have even a small apartment building. Having someone taking care of all the small details of a rental property means you'll have more time to find the next good investment. Also, trying to do it all yourself is the surest way to make your real estate investment experience a bitter one. To find a good property manager, ask the following questions.1. Other properties they manage? It's best if they have rental properties that are similar to yours. You can also drive by their other properties to see how they are maintained.2. The fee? They vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood.3. Extra costs? Are showings extra? Do evictions cost extra (beyond the legal fees)? Any other extras?4. Who actually handles your property? It's best if one person handles your building all the time, and has some experience. Get their name.5. How and when is the fee collected? Will you be billed, or will it be deducted from your account directly? Monthly? Quarterly?6. Type of advertising? Exactly how will...more
So many people think that by getting into the franchise business, they are setting themselves up for an easy way to make money, with a safety net under them the whole time. The only real advantage is that you are buying into a business model that works with the help of a company's marketing and sales abilities. But just as with starting a...more
Buying FSBO real estate, or houses for sale by owner, has its own particular problems and opportunities. Dealing with an uninformed seller who thought he knew enough to handle everything by himself can be frustrating, but it can also be very profitable if you are prepared. First you need to understand the FSBO seller.People try to sell a house on...more
For months, Joe Cline (not his real name) kept his frustration over longhours, cramped quarters and rushed deadlines at an Internet company underwraps. But last month, when his boss needled him one time too many, heerupted, lashing out with an obscenity-laced tirade that I was privileged towitness. As Joe stormed out, I looked at my client his comment? "Joe's justa bad employee." I thought, "Really? Could it be something else?"If you've witnessed people losing their tempers at work, you know it issomething else. Have you personally yelled at another employee? Or got angryenough to throw something a handful of paper clips a sheaf of papers aphone or a bare-knuckle punch to the wall?This condition has been coined "desk rage," displays of anger at workthat take the form of rudeness, yelling, verbal abuse, attacks on officeequipment (usually computers), and fistfights with office-mates. It iscaused by workplace stress and long hours, where employees having argumentsand cracking under the pressure.Road rage, air rage, office rage, desk rage, work rage, bike rage,trolley rage rage is the word of the moment. Every type of rage is a symptomof the same thing: too many...more
Mike M. was a senior manager for one of my large corporate clients, butyou wouldn't know he was on the fast track if you looked at his office. Heworked long hours, felt pressured, and was always playing catch up. Mike wasunresponsive to requests...more
Where are the best investment real estate locations? If you have enough experience investing in real estate, you can make money almost anywhere, but there are always places that are better or worse for real estate investments. For maximum profits,...more
Forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders. However recent technological advancements have made...more
Credit cards are a huge industry. Everybody who can get one or two or 10, uses them because they are a great convenience. But there are so many credit cards being offered to students these days that it might seem nearly impossible to choose the right...more
So how WAS your first quarter of 2006? Wait - it's still the middle of 4th quarter; what am I talking about? One of the things that salespeople and sales managers tend to lose sight of is the factor that time plays in the sales cycle. We think...more
There are many different advantages to trading forex instead of futures or stocks, such as:1. Lower MarginJust like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a...more