Hub You - Real Estate

Does Your Strategic Plan Work With Or Against The Law Of Attraction?
Turn on almost any television program you probably will hear at least one reference to the recent phenomena called the Law of Attraction. If you have read Napoleon Hill's Think and Grow Rich, you will know that the Law of Attraction is not really something new. However, it does beg to ask the question are you using this proven strategy within your strategic plan?The core message within the Law of Attraction is about your thoughts and how you focus those thoughts through your daily behaviors. Strategic planning is about thoughts and how your focus those thoughts to out think and out last the competition. Therefore, logic seems to indicate that the Law of Attraction should be part of your strategic plan.So where would you begin if you decide to include this dynamic law within your stra

vacancies

3. Operating Income before expense & Mtg. Pmts.

4. Less Operating Expenses (Taxes, insurance, utilities,

repairs and maintenance etc.)

5. Equals: Operating Income (Income before Mtg. Pmts.)

6. Minus: Mortgage Payments

7. Equals Cash Flow

8. Plus: Mortgage Principle Payment

9. Total Return

There's a lot more to it than that, but you just read the basic nine step procedure most professional investors use when analyzing any income producing investment property.

Mistake # 7. Falling in love with a property

Comment: Once you get yo

Penny Pinching a Way of Life
Being a Military wife for many, many years it was an absolute necessity to pinch pennies. The Military does not make very much and if you are in the Military or the wife/husband of a Military person, you know I am not telling any stories out of school.Now I do it because we are retired and live on a fixed income. But, I also enjoy it.I love going to thrift shops and finding bargains. The one thrill is finding an outfit I love and it fits, but it is also brand new, at a very reduced price. Some people I know think I spend a lot of money for my clothes, if they only knew!!When it comes to penny-pinching, I like to think I can pinch a penny as tight as anyone. I like getting unexpected checks from the consignment store where I take my no longer used clothes. I always balance bottles of shampoo ups

How You Can and Must Avoid Making Them

Mistake # 1. Spending thousands of dollars buying books, tapes and attending seminars and then putting all of that information on a bookshelf and never looking at (or using) it.

Comment: I’m continually amazed at the number of “would be” investors who have spent a bundle of money attending seminars, getting an education and then never using it to start their investment program. Not only is it a waste of thousand of dollars but it could be the biggest financial mistake you can make.

Mistake # 2. Failure to learn the basics of real estate investing.

Comment: The other extreme to Number 1 above, are potential investors who realize real estate is the best way to accumulate wealth and venture into the purchase of properties without knowing the basics of real estate investing. Those investors are almost certain to get into financial trouble.

Mistake # 3. Fear of making a huge financial mistake

Comment: We all fear making mistakes, especially a large financial one. If you follow the advice in Number 2 above, you won’t have to worry about making a financial mistake.

Mistake # 4. Not looking at enough properties

Comment: Don’t fall in love with the first property you look at. Too many investors buy properties because they “look nice” or they are just to lazy to see what else is currently on the market that may be better. Part of sound real estate investing is in giving yourself a choice so you can select the best one, financially.

Mistake # 5. “A better deal may be just around the corner” syndrome

Comment: This is the opposite mistake of Number 4. This investor never starts his or her real estate investment program because they always hope a better deal may be out there somewhere if they just wait...and wait...and wait.

Mistake # 6. Thinking that real estate investing is strictly a complicated game that only the wealthy can play.

Comment: First of all real estate is NOT complicated if you learn how to do it first. Did you know that even professional investors use a simple nine step process to analyze the financial feasibility of an investment property?

Here's a brief idea of the nine simple steps they use in analyzing any type or size investment property.

A Basic Financial Property Analysis

1. Scheduled Gross Income (Income if 100% leased)

2. Less: Allowance for vacancies

3. Operating Income before expense & Mtg. Pmts.

4. Less Operating Expenses (Taxes, insurance, utilities,

repairs and maintenance etc.)

5. Equals: Operating Income (Income before Mtg. Pmts.)

6. Minus: Mortgage Payments

7. Equals Cash Flow

8. Plus: Mortgage Principle Payment

9. Total Return

There's a lot more to it than that, but you just read the basic nine step procedure most professional investors use when analyzing any income producing investment property.

Mistake # 7. Falling in love with a property

Comment: Once you get you

Bad Credit Visa Cards - Comparing Credit Card Offers
One approach to quickly rebuilding a negative credit rating entails getting approved for a major credit card. Many credit card companies offer lines of credit to people with poor credit. Most bad credit credit cards are secured. However, it is possible to locate a lender that is willing to approve an unsecured Visa card. Before completing and submitting a bad credit application, research more than one company and compare different offersCompare Credit Card Interest RatesMany factors contribute to the interest rate that a credit card company charges. If you obtain a pre-approval credit card, these companies likely realize your low credit status. In this instance, they are offering a major credit card to help boost your rating. Keep in mind that these cards will carry higher rates and more fees.

ing.

Mistake # 3. Fear of making a huge financial mistake

Comment: We all fear making mistakes, especially a large financial one. If you follow the advice in Number 2 above, you won’t have to worry about making a financial mistake.

Mistake # 4. Not looking at enough properties

Mistake # 5. “A better deal may be just around the corner” syndrome

Mistake # 6. Thinking that real estate investing is strictly a complicated game that only the wealthy can play.

Here's a brief idea of the nine simple steps they use in analyzing any type or size investment property.

A Basic Financial Property Analysis

1. Scheduled Gross Income (Income if 100% leased)

2. Less: Allowance for vacancies

3. Operating Income before expense & Mtg. Pmts.

4. Less Operating Expenses (Taxes, insurance, utilities,

repairs and maintenance etc.)

5. Equals: Operating Income (Income before Mtg. Pmts.)

6. Minus: Mortgage Payments

7. Equals Cash Flow

8. Plus: Mortgage Principle Payment

9. Total Return

There's a lot more to it than that, but you just read the basic nine step procedure most professional investors use when analyzing any income producing investment property.

Mistake # 7. Falling in love with a property

Comment: Once you get yo

What is in Affordable Homeowner's Insurance in Louisiana
Since the disasters caused by Hurricane Katrina, many Louisiana homeowners have scurried to purchase Louisiana homeowner’s insurance, or to make changes to their existing Louisiana homeowner’s insurance policies. If you’re one of the Louisiana homeowners who hasn’t yet taken action to better protect your home and possession, there’s no time like the present to get started.Most Louisiana homeowner’s insurance companies don’t offer flood protection – a coverage you definitely need when hurricanes and other severe storms hit. Luckily, you can purchase Louisiana flood insurance through the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NPIF). Simply visit their websites, check out the coverage they offer, and give them a call to speak to a live representative.But Louisiana’

: Don’t fall in love with the first property you look at. Too many investors buy properties because they “look nice” or they are just to lazy to see what else is currently on the market that may be better. Part of sound real estate investing is in giving yourself a choice so you can select the best one, financially.

Mistake # 5. “A better deal may be just around the corner” syndrome

Mistake # 6. Thinking that real estate investing is strictly a complicated game that only the wealthy can play.

Here's a brief idea of the nine simple steps they use in analyzing any type or size investment property.

A Basic Financial Property Analysis

1. Scheduled Gross Income (Income if 100% leased)

2. Less: Allowance for vacancies

3. Operating Income before expense & Mtg. Pmts.

4. Less Operating Expenses (Taxes, insurance, utilities,

repairs and maintenance etc.)

5. Equals: Operating Income (Income before Mtg. Pmts.)

6. Minus: Mortgage Payments

7. Equals Cash Flow

8. Plus: Mortgage Principle Payment

9. Total Return

There's a lot more to it than that, but you just read the basic nine step procedure most professional investors use when analyzing any income producing investment property.

Mistake # 7. Falling in love with a property

Comment: Once you get yo

Notary Public Rates
A notary public is an officer chosen at the state level to serve as an impartial witness to the signing of documents. Dependent on the state in question, he also offers a number of other services such as administering of oaths, fingerprinting and wedding services. Notaries take a fee set by their state for these services. Notary public rates may vary from state to state.In Maryland, a notary can demand and receive a fee of not more than $2 for the performance of an original notarial deed. He may demand not more than $1 for each signature on each extra copy of the original document. A notary can receive up to 25? per mile and a fee not exceeding $5, as compensation for travel in the performance of a notarial act. Unless otherwise allowed by law, notary public rates may not go beyond this amount.In Texa

wait...and wait.

Mistake # 6. Thinking that real estate investing is strictly a complicated game that only the wealthy can play.

Here's a brief idea of the nine simple steps they use in analyzing any type or size investment property.

A Basic Financial Property Analysis

1. Scheduled Gross Income (Income if 100% leased)

2. Less: Allowance for vacancies

3. Operating Income before expense & Mtg. Pmts.

4. Less Operating Expenses (Taxes, insurance, utilities,

repairs and maintenance etc.)

5. Equals: Operating Income (Income before Mtg. Pmts.)

6. Minus: Mortgage Payments

7. Equals Cash Flow

8. Plus: Mortgage Principle Payment

9. Total Return

There's a lot more to it than that, but you just read the basic nine step procedure most professional investors use when analyzing any income producing investment property.

Mistake # 7. Falling in love with a property

Comment: Once you get yo

Cheap Sports Car Insurance
Owning a sports car can be very exciting, but it can also be very expensive to maintain and operate. Though many websites offer some of the lowest rates of sports car insurance on the Internet, certain precautions can be followed to lower the premiums further.Sports cars that are driven in a city will need higher insurance premiums, due to the higher crime rates and high risk for accidents when compared to the country. Also, cars with higher mileage will also be prone to pay higher car insurance premiums. This is because people who travel a lot are more prone to accidents on the road.When the car is already secured with an immobilizer, car alarm, steering lock, the insurance would be considerably reduced. A detachable stereo is another added advantage. These precautions are particularly useful in area

vacancies

3. Operating Income before expense & Mtg. Pmts.

4. Less Operating Expenses (Taxes, insurance, utilities,

repairs and maintenance etc.)

5. Equals: Operating Income (Income before Mtg. Pmts.)

6. Minus: Mortgage Payments

7. Equals Cash Flow

8. Plus: Mortgage Principle Payment

9. Total Return

There's a lot more to it than that, but you just read the basic nine step procedure most professional investors use when analyzing any income producing investment property.

Mistake # 7. Falling in love with a property

Comment: Once you get your feet wet and become a real estate investor, you’ll wonder why you waited so long to begin. Now you’ll face another problem. Many investors fall in love with their property. They have seen how well it is doing, cash flow has been going up each year, and they have fallen in love with their tenants (not literally). Two big mistakes are made here. First, never fool yourself into thinking your property is doing too well to sell or trade up because your cash flow is considerably higher than when you purchased the property.

The second part of mistake number 7 is getting so friendly with your tenants that you fail to maintain rental standards based on what the market will bear. This greatly hinders your growth potential.

Mistake # 8. Failure to plan your financial goals

Comment: Before you purchase that first property, which, of course, you financially analyzed, determine what you expect from your investments…your financial goals. It's known as "The 'time vs. money’" concept. The more you have of one the less you need of the other in order to reach your financial goals.

Mistake # 9. Trying to purchase properties that the seller is not motivated to sell

Comment: I’ve seen potential buyers continually try to purchase investment properties that are not really on the market. This includes property owners with the attitude that “Sure, it’s for sale… for a price”. Unfortunately the ‘for a price’ part usually means it will make no financial sense for a buyer.

Mistake # 10. Believing you can get rich quick overnight with no money invested of your own.

Comment:. Getting rich overnight will not happen . . . (regardless of what some of the so called "experts" tell you). It takes some time, effort and knowledge of real estate investing to do it with minimum financial risk. The important thing to remember is that YOU can do it, too. You can join the millions of investors who create sizable incomes by investing in real estate.

Mistake # 11. No money down investing usually isn’t.

Comment: Somewhere, somehow there will be some money required to put a transaction together and make it profitable. It may be closing costs, repairs or upgrading, whatever. But somewhere, some money will be needed. There are ways around this problem without getting into a high risk situation. You may be able to finance every dollar you need, but it can come back to haun

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If you have a business or even a personal web page on Myspace it is a good idea for you to consider how you could pimp Myspace pages to get more traffic to your site. If you use the medium as a social outlet or you are trying to get your message out there...

Some people feel they’re simply hopeless with money and that they have an inability to earn large sums. Others have a ‘poor me’ attitude and complain that everyone else has money except them. Does either sound familiar to you? How about... money slipping through your fingers or the fact that you really don’t deserve to have money? Maybe you feel that money is dirty, that being rich and being a decent person can’t be one and the same.

As a Realtor who has worked with hundreds of sellers, I’ve found that those homeowners who take the time to find the right agent are consistently happier with their home-selling experience than those who don’t. It’s the first and most critical step in selling your home.

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Hub You - Twelve Deadly Mistakes Real Estate Investors Make

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