The current economic downturn is pushing people all over the world into acting out of their comfort zone. Top economy analysts and well known business men have been seen on TV proclaiming this to be the 'perfect opportunity' for brave entrepreneurs to be creative and to take their livelihoods into their own hands.I happen to agree - this is the time to thrive!Take calculated steps towards building your own future and not having to rely on 'a...more
If you are a seller, you need to widen your pool of buyers to people who do not qualify for traditional financing as well. Some options may be the following:Seller FinancingIf you have equity, you may want to offer seller financing. With seller financing, the seller is the bank.Assumable MortgageOther alternatives are checking with your lender to see if the buyer can assume your mortgage. Although most loans are not assumable, today some lenders...more
I have a simple strategy that I use when I want to get a short sale sold. Here is the process:1. List the Property2. Get an Investor Offer on the Property3. Collect current Financials & other Short Sale Documents4. Submit entire short sale packet to lender(s)5. Order BPO/Appraisal and lender's BPO/Appraisal6. Start a "Dutch Auction" list price weekly reduction7. Negotiate lowest acceptable net price to lender8. Compare Highest & Best offer with lender's approved price/value9. Close transactionHere is a short summary of the reasoning behind each step:1. List the Property For SaleThe lender wants to know that we are doing everything we can to facilitate a sale. If the lender knows that it is listed and marketed on the MLS then we have the best chance of finding a qualified end buyer. They also know that the offers from a listed property represent "market value" and are more willing to negotiate a good settlement value.2. Get an Investor Offer on the PropertyInvestors will always offer a low price on any property in order to get the best deal available. At this stage of the game it doesn't matter, we just need a legitimate offer that we can submit to the lender to get the short sale...more
Author: Keith GonzalezSalaried people are often frustrated with the cash shortage peeping out its head in the middle of the month. Lack of money ruin the ease of life and left them to struggle for meeting their monthly expense. This state of critical cash drought can be solved with the aid of payday loans no fax no credit checks. This is the...more
There are a remarkable number of oil absorbents available today, capable of achieving not only a great deal more than previous methods which may have been used, but adding a degree of safety and convenience which can rapidly speed up the process of lifting, separating or restricting the passage or spread of oil, whether intentional or...more
An employee-centered workplace is one in which all individuals, programs, processes, and systems are focused on helping employees become fully successful. Individuals who feel valued will provide excellent products and service, which will result in the achievement of organizational goals. In such an environment, everyone wins: workers, management, customers, vendors, and other stakeholders. Unfortunately, this scenario does not occur naturally. Rather, management must make a conscious decision to create an environment in which everyone and everything is aligned with employees success. Below are ten actions organizations can take to create or enhance a positive workplace that motivates employees to perform their best. Some practices can be implemented immediately, with little or no cost; others will take some time and effort. Please note that these actions are not one-time fixes; rather, they represent a long-term way of interacting with employees. Short-term solutions for long-term issues are seldom effective, and workers can tell the difference.1. Assess your employees level of satisfaction with their supervisors. For example, consider issues such as whether the supervisor...more
Well first, what is wholesaling? As a quick overview wholesaling is taking a property that you have under contract and selling or assigning that contract to another buyer for a fee. How does this process happen? First you find a motivated seller and...more
Mostly people think that availing loans at the time of financial crisis is not a good option due to its bulky documentation and long processing formalities. If a borrower was in quick need of cash, he would think that better asking financial help...more
Recession is defined as the downhill movement of the economic growth of a country. Global economic recession is now being felt all over the world. There is turmoil not only in the business sector, but also in the daily lives of people. As an effect,...more
In the complex world of employee background screening, no two countries are alike. In the United States International investigators have a web of databases at their disposal and a vast network of local resources that provide a wealth of information...more
I have come across many examples of small business owners or directors who use personal borrowing to supplement their business cash flow. This practise may not strictly be the right way to finance a business but certainly it has for a number of...more
Deferring taxes on your income is an investment strategy in which income taxes are paid at a later date for money invested now. The benefit of tax deferral is that it provides more money for you to invest now.For example, you are able to deduct $1000...more