By Dale Poyser
With the coming of the new year it is time to look back at what worked and what didn't work with your investments. With the high level of ups and downs in the global markets, here are your keys to success for 2012 if you are serious about wealth creation.
Look for low risk strategies.
First and foremost, steady does it in the game of building wealth. In certain markets, it is OK to swing for the fence on every try, but eventually this will catch up to you. In a volatile market that moves around a lot, a fast moving investment strategy can quickly go against you if you hold onto it too long.
Take the approach of a marathon runner and look to make returns on low risk strategies. Ideally look for strategies that will allow you to build wealth by generating passive income payments on a periodic basis. I look to make returns on my investments at least once a month. I currently target 10 - 15% per month in the stock market although I could easily make this 20% with some added risk. As I get older I'm all about low risk, conservative gains. You should do the same with your investments if you really want long term success.
The stock market has had a nice run up in the last year (2011) so my guess is that it may be due for a correction. You might still be able to do OK in the stock market if you go for stocks that have not had huge runs but pay big dividends and are profitable. For example McDonald's is a good stock and has been steadily rising ever since (over two years) I have been tracking it.
In the stock market, focus on stocks that are moving in tight price patterns. Look for stock charts that show steady trend lines. These will be the stocks that will be profitable for you in the long run. Stocks for profitable companies that move no more than 1 or 2 per day are the perfect for low risk investing strategies.
Making money online is very lucrative right now and very popular. You do have to do your research to make sure you don't get scammed but there are possibilities out there. Consider buying websites that already generate monthly income. In the world of wealth building, cash flow is king. Any investment that can add to your monthly income is an investment you want to look into.
Commodities - gold had a nice run but it is cooling off a little bit right now as the economy recovers. This gives you the opportunity to buy gold at bargain prices before it takes off again.
If you don't have the money to buy gold, consider buying some gold stocks and mining companies as they closely track the price movement and pattern of gold.
Dale Poyser has been investing for over a decade and has done meticulous research on how to build wealth. His primary focus is on strategies that can create low risk residual streams of income.
Not only does Dale personally practice the methods he writes about, he has also coached many others in these methods to show how easy it is to make money with passive residual streams of income. You can read more about Dale's strategies at http://bestresidualincomestrategies.com/
Article Source: http://EzineArticles.com/?expert=Dale_Poyser
Article Source: http://EzineArticles.com/6798573
Read more....
10.1.12
13.8.09
Investment Strategies: The Top Pitfalls to Avoid for Effective and Strategic Wealth Management
Janet Giacoma
Developing and initiating efficient investment strategies enables you to create the lifestyle and security you desire for you and your family. By increasing your financial education and forging a path to strategic wealth management, you can quickly turn your financial life around and start living life.
However, there are several common pitfalls to investing that both men and women investors should avoid. Below I have listed a few of these pitfalls.
What To Avoid
Pitfall #1: Belief in the 1-size-for-all investment strategy
In other words, your investment strategies must be custom-fitted for you and your particular situation. You need to diversify appropriately for your needs and employ techniques for investing that compliment your abilities and preferences. The business or other investment that you choose should "fit" you. Your decision needs to compliment your "tolerance level", not your neighbors or even your advisors.
Pitfall #2: Risking without necessity
You are not required by any means to risk your investment capital unnecessarily. There are safe investment strategies to engage in - ones that are all but guaranteed to show you positive returns. If you are thinking like a lottery player, chances are that you will not prosper. Especially in today's market it's important to think things through.
Pitfall #3: Procrastination
You need to position yourself and then allow time for your investment strategy to pay off. Creating incomes streams and prospering from strategic wealth management techniques are not an overnight event. Get in early and then persistently work your investing plan to fruition. Don't be the one saying "coulda, shoulda, woulda" - follow your intuition after you've completed your due diligence.
Pitfall #4: Emotional or spontaneous investing
You should approach your investment strategies with logic, not emotion. Consider a given opportunity and establish its legitimacy. Then, when you decide to invest in the opportunity, give it your full attention and be consistent. Remain committed to your investment strategy for the long run. If it fails to produce after you have given your best efforts for a respectable time frame, then make a readjustment and move on.
When you have researched and decided on a particular investment strategy, then dedicate yourself to its development. If your financial education is limited, find a way to educate yourself. Do not rely solely on what others tell you. These should be viewed as recommendations, but YOU want to make the final decisions as it relates to your financial security. There are traditional investment vehicles, as well as those that are under most people's radar, or network opportunities. Look for alternatives and broaden your horizon.
Remember to take control of your destiny or someone else will!
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Janet Giacoma is a business coach, marketer, and online business owner who assists serious entrepreneurs in building a profitable online business with multiple income streams. To contact Janet visit: http://www.TheAbundantAlliance.com and http://www.TheAbundantAllianceBlog.com
Read more....
Developing and initiating efficient investment strategies enables you to create the lifestyle and security you desire for you and your family. By increasing your financial education and forging a path to strategic wealth management, you can quickly turn your financial life around and start living life.
However, there are several common pitfalls to investing that both men and women investors should avoid. Below I have listed a few of these pitfalls.
What To Avoid
Pitfall #1: Belief in the 1-size-for-all investment strategy
In other words, your investment strategies must be custom-fitted for you and your particular situation. You need to diversify appropriately for your needs and employ techniques for investing that compliment your abilities and preferences. The business or other investment that you choose should "fit" you. Your decision needs to compliment your "tolerance level", not your neighbors or even your advisors.
Pitfall #2: Risking without necessity
You are not required by any means to risk your investment capital unnecessarily. There are safe investment strategies to engage in - ones that are all but guaranteed to show you positive returns. If you are thinking like a lottery player, chances are that you will not prosper. Especially in today's market it's important to think things through.
Pitfall #3: Procrastination
You need to position yourself and then allow time for your investment strategy to pay off. Creating incomes streams and prospering from strategic wealth management techniques are not an overnight event. Get in early and then persistently work your investing plan to fruition. Don't be the one saying "coulda, shoulda, woulda" - follow your intuition after you've completed your due diligence.
Pitfall #4: Emotional or spontaneous investing
You should approach your investment strategies with logic, not emotion. Consider a given opportunity and establish its legitimacy. Then, when you decide to invest in the opportunity, give it your full attention and be consistent. Remain committed to your investment strategy for the long run. If it fails to produce after you have given your best efforts for a respectable time frame, then make a readjustment and move on.
When you have researched and decided on a particular investment strategy, then dedicate yourself to its development. If your financial education is limited, find a way to educate yourself. Do not rely solely on what others tell you. These should be viewed as recommendations, but YOU want to make the final decisions as it relates to your financial security. There are traditional investment vehicles, as well as those that are under most people's radar, or network opportunities. Look for alternatives and broaden your horizon.
Remember to take control of your destiny or someone else will!
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Janet Giacoma is a business coach, marketer, and online business owner who assists serious entrepreneurs in building a profitable online business with multiple income streams. To contact Janet visit: http://www.TheAbundantAlliance.com and http://www.TheAbundantAllianceBlog.com
Read more....
12.8.09
Making Money in a Slow Real Estate Market
Kevin Kiene
Supply & demand cut both ways, my fellow real estate junkies. Demand has plummeted, so what do we do? Swim against the tide and start buying, of course.
The Purchase Plan: Double Distress
Prices are down, but if you're a real estate investor worth your salt, you still want a killer bargain. So here's the game plan: where others see distress, you need to see dollars.
The purchase plan involves both distressed sellers and distressed properties. Let's consider the case of foreclosures for a moment; why does real estate sold through foreclosure auction sell for less? Because investors can't get inside to see what kind of shape it's in. But there is no question that buyers at foreclosure auctions, especially in today's market that's far oversaturated with them, will score a good deal, provided they know what kind of property they're buying.
So to take maximum advantage of a distressed seller sale by foreclosure, what safer method is there than to buy a property that you already know needs full renovation? There's a discount built into properties needing renovation, because of the hassle of renovating them. Those hassles, which you'll have to be adept at managing, include maintaining relationships with several of each of the following: hard money lenders (for quick settlements and renovation loans), small, local banks (they're far cheaper than hard money lenders and fill the same niche, but are pickier), licensed contractors, inexpensive handymen, and low-cost permanent lenders if your renovation loan is short-term. A distressed property in shambles, sold through a distressed sale, will effectively give you a double discount, which will in turn create maximum cash flow for the next stage: getting paid.
The Payout Plan: Deferred Gratification
We've already established that you have to go against the grain if you want to make money in a slow market like this one. With a depression in demand and an abundance of supply, you don't want to sell, so what do you do? You build your real estate empire, and watch money flow into your account every month as a landlord. When the market shifts in a few years, you'll be poised to sell all those distressed properties bought for a steal, and make a fortune.
There are some challenges involved in being a landlord, so be prepared. First, your money is not liquid; these investments, by their very nature, are long-term and you will have to wait for the market to turn before you can sell. Second, you'll need to be capitalized, both because your other money isn't available and because rental properties will always throw surprise expenses your way in the form of maintenance, repairs, vacancies, and lawsuits. As a final note, it is a wise and happy landlord who hires a property management firm to assume the headaches for them.
Remember the first thing you learned about money: buy low, sell high. The real estate market can and should be your ally, not your enemy; ride the highs and lows alike, and right now that means buying as cheaply as you can and holding the properties as a landlord. Good luck!
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Read more articles for landlords and real estate investors at EZ Landlord Forms, along with free real estate forms and real estate investing tips and resources.
Read more....
Supply & demand cut both ways, my fellow real estate junkies. Demand has plummeted, so what do we do? Swim against the tide and start buying, of course.
The Purchase Plan: Double Distress
Prices are down, but if you're a real estate investor worth your salt, you still want a killer bargain. So here's the game plan: where others see distress, you need to see dollars.
The purchase plan involves both distressed sellers and distressed properties. Let's consider the case of foreclosures for a moment; why does real estate sold through foreclosure auction sell for less? Because investors can't get inside to see what kind of shape it's in. But there is no question that buyers at foreclosure auctions, especially in today's market that's far oversaturated with them, will score a good deal, provided they know what kind of property they're buying.
So to take maximum advantage of a distressed seller sale by foreclosure, what safer method is there than to buy a property that you already know needs full renovation? There's a discount built into properties needing renovation, because of the hassle of renovating them. Those hassles, which you'll have to be adept at managing, include maintaining relationships with several of each of the following: hard money lenders (for quick settlements and renovation loans), small, local banks (they're far cheaper than hard money lenders and fill the same niche, but are pickier), licensed contractors, inexpensive handymen, and low-cost permanent lenders if your renovation loan is short-term. A distressed property in shambles, sold through a distressed sale, will effectively give you a double discount, which will in turn create maximum cash flow for the next stage: getting paid.
The Payout Plan: Deferred Gratification
We've already established that you have to go against the grain if you want to make money in a slow market like this one. With a depression in demand and an abundance of supply, you don't want to sell, so what do you do? You build your real estate empire, and watch money flow into your account every month as a landlord. When the market shifts in a few years, you'll be poised to sell all those distressed properties bought for a steal, and make a fortune.
There are some challenges involved in being a landlord, so be prepared. First, your money is not liquid; these investments, by their very nature, are long-term and you will have to wait for the market to turn before you can sell. Second, you'll need to be capitalized, both because your other money isn't available and because rental properties will always throw surprise expenses your way in the form of maintenance, repairs, vacancies, and lawsuits. As a final note, it is a wise and happy landlord who hires a property management firm to assume the headaches for them.
Remember the first thing you learned about money: buy low, sell high. The real estate market can and should be your ally, not your enemy; ride the highs and lows alike, and right now that means buying as cheaply as you can and holding the properties as a landlord. Good luck!
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Read more articles for landlords and real estate investors at EZ Landlord Forms, along with free real estate forms and real estate investing tips and resources.
Read more....
11.8.09
Property Investors Get Bank Rate Boost
Karl Hopkins
On Thursday 5th February 2009 the Bank of England brought the base rate down to an all-time low of just 1 per cent.
Landlords with interest only and tracker mortgage arrangements stand to benefit from the cut. And with some analysts predicted the bank rate may come down further, fixed rate loans are looking distinctly unattractive.
"While borrowers on tracker rates will welcome the rate cut, it is doubtful whether it will create the conditions to achieve significantly more new lending", said CML director general Michael Coogan.
"It will not be a surprise if banks and building societies try to prioritise savers in this very low interest rate environment. For borrowers who remain in employment, affordability is unlikely to be an issue at the moment.
"But, if the rate cut helps businesses, and therefore helps to keep people employed, this will at least help to cushion the impact of the recession on the housing and mortgage markets. In practice, rate cuts alone will not achieve this objective as they have become a more blunt instrument - they are only one of the tools being used to try to help the UK weather the recession."
For the Royal Institution of Chartered Surveyors, chief economist Simon Rubinsohn said the cut "may provide a small boost to the current weak levels of confidence in the economic outlook, but this decision urgently needs to be supported by other measures.
There is still a real need to stabilise the economy and increase the supply of mortgage finance to ensure an orderly housing market. The various measures announced by the government should go some way to achieving this providing they are introduced as quickly as possible."
Head of residential investment at Jones Lang LaSalle, James Thomas, said employment was now a key factor in determining homebuyer sentiment.
"Rising unemployment is stifling demand and we expect more house price falls in 2009. The main things to watch for in terms of stabilization in the market will be an unfreezing of the mortgage market and an improvement in the jobs market. Neither of these is likely any time soon. In the meantime, trading volumes will remain thin, though shrewd investors may be able to take advantage of current conditions and pick up bargains from distressed sellers."
* Leading repossessions specialists Moore Blatch has warned residential landlords that they risk becoming 'unmortgagable' if they declare themselves bankrupt in 2009.
The company says it is increasingly seeing repossessions that have been compounded by a cavalier attitude towards credit with the popular misconception that it can all be written off through bankruptcy or IVAs.
However, Moore Blatch explains that the mortgage market for bankrupts has changed significantly, and the pre-credit crunch environment, where those individuals who had been declared bankrupt could easily secure a sub-prime mortgage, has changed.
According to mortgage data provider, Trigold, in January 2007 there were fifty six thousand mortgages available for people who had been declared bankrupt - in the two years since, this has dropped by an alarming 2,557 per cent.
Moore Blatch envisages that finding a mortgage at a reasonable interest rate is likely to be difficult for up to a decade and is advising that bankruptcy should be the very last resort.
Paul Walshe, head of lending services at Moore Blatch, said: "Although bankruptcy does not automatically signal that you are unmortgageable, it does leave a very visible scar on your credit history.
"Up until the credit crunch it was possible to find lenders that would provide mortgages to bankruptees, and this led to a popular misconception that you could borrow and forget about paying it back with no long-term consequences."
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
This and much more information for landlords, can be found at Residentiallandlord.co.uk. Other features include; document downloads including an assured shorthold tenancy agreement, buy to let mortgages and rates, landlords insurance suppliers, residential auctions and much more besides.
Read more....
On Thursday 5th February 2009 the Bank of England brought the base rate down to an all-time low of just 1 per cent.
Landlords with interest only and tracker mortgage arrangements stand to benefit from the cut. And with some analysts predicted the bank rate may come down further, fixed rate loans are looking distinctly unattractive.
"While borrowers on tracker rates will welcome the rate cut, it is doubtful whether it will create the conditions to achieve significantly more new lending", said CML director general Michael Coogan.
"It will not be a surprise if banks and building societies try to prioritise savers in this very low interest rate environment. For borrowers who remain in employment, affordability is unlikely to be an issue at the moment.
"But, if the rate cut helps businesses, and therefore helps to keep people employed, this will at least help to cushion the impact of the recession on the housing and mortgage markets. In practice, rate cuts alone will not achieve this objective as they have become a more blunt instrument - they are only one of the tools being used to try to help the UK weather the recession."
For the Royal Institution of Chartered Surveyors, chief economist Simon Rubinsohn said the cut "may provide a small boost to the current weak levels of confidence in the economic outlook, but this decision urgently needs to be supported by other measures.
There is still a real need to stabilise the economy and increase the supply of mortgage finance to ensure an orderly housing market. The various measures announced by the government should go some way to achieving this providing they are introduced as quickly as possible."
Head of residential investment at Jones Lang LaSalle, James Thomas, said employment was now a key factor in determining homebuyer sentiment.
"Rising unemployment is stifling demand and we expect more house price falls in 2009. The main things to watch for in terms of stabilization in the market will be an unfreezing of the mortgage market and an improvement in the jobs market. Neither of these is likely any time soon. In the meantime, trading volumes will remain thin, though shrewd investors may be able to take advantage of current conditions and pick up bargains from distressed sellers."
* Leading repossessions specialists Moore Blatch has warned residential landlords that they risk becoming 'unmortgagable' if they declare themselves bankrupt in 2009.
The company says it is increasingly seeing repossessions that have been compounded by a cavalier attitude towards credit with the popular misconception that it can all be written off through bankruptcy or IVAs.
However, Moore Blatch explains that the mortgage market for bankrupts has changed significantly, and the pre-credit crunch environment, where those individuals who had been declared bankrupt could easily secure a sub-prime mortgage, has changed.
According to mortgage data provider, Trigold, in January 2007 there were fifty six thousand mortgages available for people who had been declared bankrupt - in the two years since, this has dropped by an alarming 2,557 per cent.
Moore Blatch envisages that finding a mortgage at a reasonable interest rate is likely to be difficult for up to a decade and is advising that bankruptcy should be the very last resort.
Paul Walshe, head of lending services at Moore Blatch, said: "Although bankruptcy does not automatically signal that you are unmortgageable, it does leave a very visible scar on your credit history.
"Up until the credit crunch it was possible to find lenders that would provide mortgages to bankruptees, and this led to a popular misconception that you could borrow and forget about paying it back with no long-term consequences."
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
This and much more information for landlords, can be found at Residentiallandlord.co.uk. Other features include; document downloads including an assured shorthold tenancy agreement, buy to let mortgages and rates, landlords insurance suppliers, residential auctions and much more besides.
Read more....
10.8.09
3 Ingenious Ways to Structure Your Multifamily Property Deal
Lance Edwards
There are some very ingenious ways to get your multifamily property deals done. Three of the lesser known avenues for obtaining private funds are the wrap around mortgage, splitting off the property and the option. Here we will examine how each of these options work.
Wrap Around Mortgage: this is the scenario where you will take over someone else's note. Let's say that there is a house that you want to buy and it has a first mortgage on it. They are actually going to be the lender. You will pay the seller. Your note is written with them and their note wraps around the existing note.
For example, you buy the house for $100,000. They agree to no down payment. Their mortgage is $80,000. Your mortgage to them is for $100,000. They get payments based on $100,000 and the mortgage is wrapped around the $80,000 mortgage. Let's say their principle interest payment before was $800.
Your principle interest payment is $1,000. I'm paying them $1,000 and they have to pay $800 so they are making $200 per month in passive income because of the wrap around of their mortgage. A wrap around mortgage means that your loan is of a higher amount with different payment terms.
Splitting Off the Property: let's say you own a 10-unit apartment building that you bought on 3 1/2 acres. The building sits on one acre and the other 2 1/2 acres is raw land. You put it under contract and you have 60 days to close. You can then find a buyer for the land and get that under contract and have them bring the money at closing. You could use the money for the land to be the down payment on the apartment building and it is split right there at the table. You are splitting the property and pre-selling it before you go to closing.
Option: you can get an option on a property. You could lease with a lease option or you could do a joint venture turnaround. Another twist on this is that you will not be a 50/50 partner but instead will come in and improve the property. It is worth $900,000 today and you will drive it up to $1.2 million or above.
You will do that at no charge but you want the option to buy the property at $1.2 million. The owner is getting everything up to a $300,000 increase and you get everything above the $1.2 million. This is another form of a joint venture turnaround. You have the option rather than an equity partner.
Wrap around mortgages, splitting the property and options are just three more great ways to structure a multifamily property deal. The more you look at putting together a multifamily property deal, the more you realize that the options that are available to you allow you great flexibility.
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Lance Edwards is living proof of his mantra that you don't have to "graduate" from single family to multifamily - you can start with multifamily; using none of your own money and not dealing with tenants and toilets. For FREE information, visit http://www.ApartmentWealthMachine.com.
Read more....
There are some very ingenious ways to get your multifamily property deals done. Three of the lesser known avenues for obtaining private funds are the wrap around mortgage, splitting off the property and the option. Here we will examine how each of these options work.
Wrap Around Mortgage: this is the scenario where you will take over someone else's note. Let's say that there is a house that you want to buy and it has a first mortgage on it. They are actually going to be the lender. You will pay the seller. Your note is written with them and their note wraps around the existing note.
For example, you buy the house for $100,000. They agree to no down payment. Their mortgage is $80,000. Your mortgage to them is for $100,000. They get payments based on $100,000 and the mortgage is wrapped around the $80,000 mortgage. Let's say their principle interest payment before was $800.
Your principle interest payment is $1,000. I'm paying them $1,000 and they have to pay $800 so they are making $200 per month in passive income because of the wrap around of their mortgage. A wrap around mortgage means that your loan is of a higher amount with different payment terms.
Splitting Off the Property: let's say you own a 10-unit apartment building that you bought on 3 1/2 acres. The building sits on one acre and the other 2 1/2 acres is raw land. You put it under contract and you have 60 days to close. You can then find a buyer for the land and get that under contract and have them bring the money at closing. You could use the money for the land to be the down payment on the apartment building and it is split right there at the table. You are splitting the property and pre-selling it before you go to closing.
Option: you can get an option on a property. You could lease with a lease option or you could do a joint venture turnaround. Another twist on this is that you will not be a 50/50 partner but instead will come in and improve the property. It is worth $900,000 today and you will drive it up to $1.2 million or above.
You will do that at no charge but you want the option to buy the property at $1.2 million. The owner is getting everything up to a $300,000 increase and you get everything above the $1.2 million. This is another form of a joint venture turnaround. You have the option rather than an equity partner.
Wrap around mortgages, splitting the property and options are just three more great ways to structure a multifamily property deal. The more you look at putting together a multifamily property deal, the more you realize that the options that are available to you allow you great flexibility.
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Lance Edwards is living proof of his mantra that you don't have to "graduate" from single family to multifamily - you can start with multifamily; using none of your own money and not dealing with tenants and toilets. For FREE information, visit http://www.ApartmentWealthMachine.com.
Read more....
9.8.09
Tips for Selling Your Home
john mce
Whatever the housing market is doing, there are a number of tips that will always help your house appeal to potential buyers. These are ways to make your home appeal to the greatest number of potential buyers.
First impressions
Your house needs to look great from the very first impression; curb appeal is critical! Make the front of your house look as good as it can. Plant flowers, trim bushes, weed, pick up leaves, repaint your front door, clean or replace house numbers, park your old car somewhere else.
The front of your house is a good place to spend a little extra time and money. If it looks good, it may even attract passersby.
De-Clutter
Potential buyers need to imagine themselves living in your house. You need to show a blank canvas, in which they can picture their own belongings. Estate agents can tell you stories of potential buyers rejecting a house because they didn't like the DVD collection! Buying a home is an emotional decision; you want potential buyers to make an emotional connection with your home by being able to "see" themselves in it.
Put away everything you don't use on a daily basis. Pack up ornaments, photos and posters in kids' bedrooms. Large pieces of furniture should go into storage; this will make rooms feel much bigger. In the hallway, clear away coats and shoes. In the bathroom, hide all your toiletries. In the kitchen, clear the worktops of appliances, jars and tins and replace any ragged tea towels or grubby bins.
Watch out for over-stuffed wardrobes - yes, people do look in them to check the amount of storage space - so clear them out.
Clean, clean, clean
Your home must sparkle and smell clean! Getting professional cleaners in can be money well-spent. Have the carpets, curtains, sofa covers and oven cleaned. Make sure your windows are clean inside and out. Pay special attention to the kitchen and bathrooms, which need to be inviting and hygienic. Buy a new toilet seat and some fresh white towels. Clean grubby fingerprints from light switches and doors. Make mirrors sparkle. Add a strategically placed plant or two, or some fresh flowers.
Fix it
Go around the house room by room and make a checklist of all those little jobs which need doing. Fix dripping taps, repair peeling wallpaper, touch up paint chips. If you can't stretch to re-tiling in the bathroom, re-grouting should bring it up like new. A couple of new kitchen doors can really smarten up a tired-looking kitchen.
Leaving these little jobs undone will give the wrong message to potential buyers - that you haven't looked after your house.
Freshen Up
A fresh coat of neutral paint, new tiling or lino, and will transform rooms. Neutral colours may be a little boring to live with, but buyers really do find it easier to imagine themselves living a home where they can't object to your colour scheme; they find it easier to imagine brightening it up, than toning it down!
You can add some character back with a few bright accessories. A new shower curtain in the bathroom, some new cushions in the sitting room, some bright bedlinen on the beds - all these can add a little spark, without detracting from the feeling of light and space.
If you have too many different floor coverings, it can make any area seem smaller. If you can't stretch to replacing all your flooring, close the doors on the other rooms until showing each room in turn.
Pets
Leave pets with a neighbor, and thoroughly clean up any cat hair in particular, as many people are allergic to animal hair. Your beloved pooch may make viewers nervous, or leave a distinctive aroma which won't appeal to the buyers.
The best side
Most properties have good and bad points to them. Don't point out the bad side, or even comment on it. Remember, buyers will only buy what they perceive your house to be worth. If your house is presented at its best, then people will want to live there.
Article Source:
http://www.bestmanagementarticles.com
http://property-management.bestmanagementarticles.com
About the Author:
The Maidenhead Advertiser has been faithfully serving the local community since 1869, featuring the most comprehensive News, Sport and Classified Adverts for the community.
Read more....
Whatever the housing market is doing, there are a number of tips that will always help your house appeal to potential buyers. These are ways to make your home appeal to the greatest number of potential buyers.
First impressions
Your house needs to look great from the very first impression; curb appeal is critical! Make the front of your house look as good as it can. Plant flowers, trim bushes, weed, pick up leaves, repaint your front door, clean or replace house numbers, park your old car somewhere else.
The front of your house is a good place to spend a little extra time and money. If it looks good, it may even attract passersby.
De-Clutter
Potential buyers need to imagine themselves living in your house. You need to show a blank canvas, in which they can picture their own belongings. Estate agents can tell you stories of potential buyers rejecting a house because they didn't like the DVD collection! Buying a home is an emotional decision; you want potential buyers to make an emotional connection with your home by being able to "see" themselves in it.
Put away everything you don't use on a daily basis. Pack up ornaments, photos and posters in kids' bedrooms. Large pieces of furniture should go into storage; this will make rooms feel much bigger. In the hallway, clear away coats and shoes. In the bathroom, hide all your toiletries. In the kitchen, clear the worktops of appliances, jars and tins and replace any ragged tea towels or grubby bins.
Watch out for over-stuffed wardrobes - yes, people do look in them to check the amount of storage space - so clear them out.
Clean, clean, clean
Your home must sparkle and smell clean! Getting professional cleaners in can be money well-spent. Have the carpets, curtains, sofa covers and oven cleaned. Make sure your windows are clean inside and out. Pay special attention to the kitchen and bathrooms, which need to be inviting and hygienic. Buy a new toilet seat and some fresh white towels. Clean grubby fingerprints from light switches and doors. Make mirrors sparkle. Add a strategically placed plant or two, or some fresh flowers.
Fix it
Go around the house room by room and make a checklist of all those little jobs which need doing. Fix dripping taps, repair peeling wallpaper, touch up paint chips. If you can't stretch to re-tiling in the bathroom, re-grouting should bring it up like new. A couple of new kitchen doors can really smarten up a tired-looking kitchen.
Leaving these little jobs undone will give the wrong message to potential buyers - that you haven't looked after your house.
Freshen Up
A fresh coat of neutral paint, new tiling or lino, and will transform rooms. Neutral colours may be a little boring to live with, but buyers really do find it easier to imagine themselves living a home where they can't object to your colour scheme; they find it easier to imagine brightening it up, than toning it down!
You can add some character back with a few bright accessories. A new shower curtain in the bathroom, some new cushions in the sitting room, some bright bedlinen on the beds - all these can add a little spark, without detracting from the feeling of light and space.
If you have too many different floor coverings, it can make any area seem smaller. If you can't stretch to replacing all your flooring, close the doors on the other rooms until showing each room in turn.
Pets
Leave pets with a neighbor, and thoroughly clean up any cat hair in particular, as many people are allergic to animal hair. Your beloved pooch may make viewers nervous, or leave a distinctive aroma which won't appeal to the buyers.
The best side
Most properties have good and bad points to them. Don't point out the bad side, or even comment on it. Remember, buyers will only buy what they perceive your house to be worth. If your house is presented at its best, then people will want to live there.
Article Source:
http://www.bestmanagementarticles.com
http://property-management.bestmanagementarticles.com
About the Author:
The Maidenhead Advertiser has been faithfully serving the local community since 1869, featuring the most comprehensive News, Sport and Classified Adverts for the community.
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8.8.09
4 Components Needed to Create Wealth Through Real Estate Investments
Lance Edwards
It is probably pretty safe to say that everyone is looking to create wealth. Real estate investing is an excellent venue through which you can create massive wealth. There are four components in real estate investing that you need to accomplish this goal. These components are specialized knowledge, marketing, systems and mindset.
Specialized knowledge encompasses all of the techniques needed to acquire multifamily properties. In addition, it is also the knowledge that you need to operate multifamily properties, analyze multifamily properties and most importantly, how to find multifamily properties.
Marketing in real estate involves three different areas that you need to be aware of. Marketing means marketing to find deals, marketing to find private money and marketing to find tenants for your property. Of course, you can use a property manager to find tenants for your property, but you still need to be cognizant of the fact that this is an area that requires marketing.
Marketing is extremely important in real estate. If you are not attending to your marketing, then you do not have a business. If your phone is not ringing, then all you have is a hobby and not a business.
Systems are what you will put in place so that you will ultimately have other people working at your business for you. You want to have systems in place where others are doing your marketing, property management and bookkeeping. You do not truly have a business unless there are documented systems.
Your definitive goal is have your business serve you. A business is an asset that throws off income forever without you and your direct involvement.
Mindset is the fourth and probably the most critical component of real estate investing. None of the items above can happen unless you take action. Taking action comes down to having the right mindset, and overcoming the limiting beliefs that your subconscious places upon you.
You cannot separate mindset from your real estate investing because you ARE the business and your mindset will determine the direction your business takes. The strength of your business is a function of the strength of your mindset.
Creating wealth through real estate investments is very real and it is up to you to take the initiative and take the necessary steps. You can use parts of these four components, or you can use individual components and make money, even good money, but if you want to have wealth, you will need to have all four components in place.
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Lance Edwards is living proof of his mantra that you don't have to "graduate" from single family to multifamily - you can start with multifamily; using none of your own money and not dealing with tenants and toilets. For FREE information, visit http://www.ApartmentWealthMachine.com.
Read more....
It is probably pretty safe to say that everyone is looking to create wealth. Real estate investing is an excellent venue through which you can create massive wealth. There are four components in real estate investing that you need to accomplish this goal. These components are specialized knowledge, marketing, systems and mindset.
Specialized knowledge encompasses all of the techniques needed to acquire multifamily properties. In addition, it is also the knowledge that you need to operate multifamily properties, analyze multifamily properties and most importantly, how to find multifamily properties.
Marketing in real estate involves three different areas that you need to be aware of. Marketing means marketing to find deals, marketing to find private money and marketing to find tenants for your property. Of course, you can use a property manager to find tenants for your property, but you still need to be cognizant of the fact that this is an area that requires marketing.
Marketing is extremely important in real estate. If you are not attending to your marketing, then you do not have a business. If your phone is not ringing, then all you have is a hobby and not a business.
Systems are what you will put in place so that you will ultimately have other people working at your business for you. You want to have systems in place where others are doing your marketing, property management and bookkeeping. You do not truly have a business unless there are documented systems.
Your definitive goal is have your business serve you. A business is an asset that throws off income forever without you and your direct involvement.
Mindset is the fourth and probably the most critical component of real estate investing. None of the items above can happen unless you take action. Taking action comes down to having the right mindset, and overcoming the limiting beliefs that your subconscious places upon you.
You cannot separate mindset from your real estate investing because you ARE the business and your mindset will determine the direction your business takes. The strength of your business is a function of the strength of your mindset.
Creating wealth through real estate investments is very real and it is up to you to take the initiative and take the necessary steps. You can use parts of these four components, or you can use individual components and make money, even good money, but if you want to have wealth, you will need to have all four components in place.
Article Source:
http://www.bestmanagementarticles.com
http://investment-management.bestmanagementarticles.com
About the Author:
Lance Edwards is living proof of his mantra that you don't have to "graduate" from single family to multifamily - you can start with multifamily; using none of your own money and not dealing with tenants and toilets. For FREE information, visit http://www.ApartmentWealthMachine.com.
Read more....
