Archive for May 3rd, 2007

Why its easier to make money in down markets

May 3, 2007

Has all the talk about a “down market” scared you away from investing in real estate? If so, I’d urge you to take a look around. Many, many investors are making a fortune in the current market. If you stop hiding and start investing, you can be one of them too.

Here are four strategies that can make you money – a lot of it -in today’s flat market:

Down Market Strategy #1: Explore overlooked niches. This is a good time to make money by investing in “fixer-uppers,” of course. But it is also a positive climate for investing in small apartment houses, office buildings, undeveloped land and other niche properties. And don’t overlook foreclosed properties and other niche properties that could be available right where you live. To learn more, click here.

Down Market Strategy #2: Remember to look at all the numbers. Don’t get frozen by a high interest rate, slowing property sales or any other stand-alone number. Instead, analyze all the numbers that pertain to individual properties. Positive cash flow from rents, the availability of owner financing and other factors can make a property highly profitable – even one that other investors don’t want. To learn more, click here.

Down Market Strategy #3: Improve what you own. If you invest an extra $10,000 to install granite counter tops in an apartment house you are renovating, you could generate an extra $100,000 in rental income over the next ten years. If you spend $5,000 on touch-up landscaping, you could add $20,000 to the selling price of a house you own. The ability to improve property makes real estate an exceptional investment, even in slow economic times. To learn more, click here.

Down Market Strategy #4: Cash in on regional trends. If you do, you can identify cities and towns that promise far above-average real estate profits today. To learn more, click here. Look for trends like these:

  • Improved train service between a town and a city nearby.
  • Job growth, spurred by the arrival of a major new employer in a state.
  • The discovery of a community by young urban professionals, immigrants from a particular country or members of some other group.
  • Improving schools.

You could argue that investing in real estate today is risky. But I challenge you to name a time when investing in real estate involved no risk. The real question is, do you know enough to minimize those risks and maximize your profits? With my program, I bring you the knowledge that I used for success.

10 Steps to Financial Genius

May 3, 2007

1. Reasons for wanting to be rich
 - Don’t Wants – I don’t want to work, I don’t like being an employee
 - Wants – Wants to be free to travel, be free, do stuff while young, I want money to work for me
 *Must have a strong reason, or you want stick to it
2. Make Decisions Daily
 - The Power to choose to be rich, poor, or middle class
 - Most people choose not be rich, your mindset is a reflection of your spending habits
 No money is no excuse to not learn or get educated.
 We all have choices, and you have to make that choice every day
3. Choose friends carefully
 - Does not mean to choose friends based on money
 - choose friends who can teach you something, what to do, what not to do
4. Master a formula and then learn a new one
 - Baker’s learn how to make different kind of breads with the same dough
 - Money is often called dough
 - Work for money is one formula
 - learn new formula’s after mastering one
 - you must master a formula
5. Pay Yourself First
 - Power of Self-Discipline, you need to control yourself
 - no sense to invest, make money, and then blow the money
 - lack of discipline of people who get a raise, then blow it
 - most difficult step to master
 - lack of self-discipline means you should not try to get rich
6. Pay your brokers well
7. Be an Indian Giver (give and get back)
 - Power to get something by nothing
 - Sophisticated investors want a return of investment
8. Assets buy luxuries
 - income from assets are used to buy luxuries
 - borrowing money to get what you want is a bad habit
 - focus on acquiring assets to buy what you want
 - if money is smarter than you, then it will consume you
9. Need for Heros
 - the most powerful way to learn is to have heroes
 - Heroes inspire us
 - They make it look easy
10. Teach and Will Recieve
 - Charitable, to give time, energy, and money
 - most people only give time and energy, never money
 - when he was short of money, you still give
 - when you feel short or in need, just give what you can, and you will receive
 - poor people are more greedy than rich people, rich people are rich because they give something