Four Tips to Achieve Success
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Many of us that get into real estate investing have and will encounter many challenges throughout our professional lives. I have said before, this is not an easy profession. It is rewarding for those that follow certain simple principles and stay focused towards the achievement of success. By the grace of God, I have seen many ups and downs in my professional and personal life. My strong faith in God has kept me in the path and confident that once again we will prevail and that I will achieve higher standards and success.
Obviously our definition of success varies... continue reading >>
Become a Better Negotiator and Increase Your Revenues
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"Let us never negotiate out of fear, but never fear to negotiate"
John F. Kennedy
Negotiations is method of resolving differences between people. In real estate much of our work revolves around resolving differences, thus our ability to negotiate effectively is an essential skill. How you negotiate on a daily basis determines how much you make, what benefits/concessions you get, and how easy it is to get your offers approved. However, recent research has shown that a full 20% say they avoid it completely!
So how do we address the negative feelings we usually get when negotiating:
1.... continue reading >>
The Impact of a Higher National Debt
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The U.S. national debt ceiling was set at $14.29 trillion in February, 2010. Now it looks like we are going to hit that ceiling by the time you read this posting. What our politicians are going to do? Not passing a law to increase that ceiling means to enacting a balanced budget amendment. Not raising the national debt ceiling means deficit spending ends immediately. It means the U.S. government would have to live within its means. The revenues of the U.S. government come from $2.2 trillion it collects each year in taxes charged to the US Citizens. However, our nation... continue reading >>Fraud Alert: Stolen Mortgage Payments in Nevada
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Be on alert in Nevada. If you receive a letter telling you that your mortgage servicer has changed and instructing you to send payments to a different address, check in with your old servicer before making the move.
In Nevada, two men have been arrested for such a scam. Joseph Yorkus and James Bartczak set up a company called “Great Western Business Services” designed to accept mortgage payments from homeowners. However, in reality, those homeowners’ mortgages would not have moved, and Yorkus and Bartczak could have cashed those checks while the properties in question slid into... continue reading >>
Life Mapping: A Vision of Success
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Success is more than economic gains, titles, and degrees. Planning for success is about mapping out all the aspects of your life. Similar to a map, you need to define the following details: origin, destination, vehicle, backpack, landmarks, and route.
1. Origin: Who you are?
A map has a starting point. Your origin is who you are right now. Most people when asked to introduce themselves would say, "Hi, I'm Mary and I am a 37-year old, Realtor." Well, this does not tell you about who Mary is; it only tells you her present preoccupation.... continue reading >>
The Future of Fannie and Freddie will Impact China
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China may be affected by the imminent changes to Fannie and Freddy announced by the Obama administration. Chinese regulators have issued a rare denial of a local media report that the country could lose up to $450 billion on its investment in securities issued by U.S. housing giants Fannie Mae and Freddie Mac. Many Chinese are convinced that China lost vast sums of money on its investments in U.S. assets during the financial crisis. Last year, for instance, rumors spread that the central bank governor, Zhou Xiaochuan, had defected to the U.S. because the People’s Bank of China... continue reading >>
Persistence: Key Element to Your Success
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"Sometimes your greatest asset is simply your ability to stay with it longer than anyone else." ~Brian Tracy
"The most essential factor is persistence - the determination never to allow your energy or enthusiasm to be dampened by the discouragement that must inevitably come." ~ James Whitcomb Riley
As I sit here this early morning of December 25, 2009 waiting for Santa to bring me my gifts, I decided to write to you about persistence. Many times real estate investors fail in this profession simply due to their lack of persistence, they quit to early. Real estate investing... continue reading >>
First-Time Homebuyer Credit Has Been Extended
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The Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law: Extends deadlines for purchasing and closing on a home.
Authorizes the credit for long-time homeowners buying a replacement principal residence.
Raises the income limitations for homeowners claiming the credit.
Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by... continue reading >>
The Benefits of a Real Estate Mentor
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I would like to take a moment to share with you the benefits of a real estate mentor. A mentor is defined as “a wise and trusted counselor or teacher, an influential senior sponsor or supporter”. In other words someone with more experience than you in the subject matter. The benefits of a mentor are extremely important specially before you start the business because it would help you to gain more profits.
Here are three reasons why should associate with a mentor today:
Self Teaching Is Slow and Painful– If you do not know much about real... continue reading >>
Get Into The REO Industry The Profitable Way
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The current conditions of our real estate market provides great advantages for those of us that have decided to jump into the market and take advantage of the low prices. The weakness of the U.S. economy has given rise to the largest epidemic of foreclosures in American history. Yet as always, challenges bring opportunities.The year 2010 was another breaking year for foreclosures and bank REOs. Over a million homes were converted to REO properties during 2010!, eventhough we experienced a slow down in the fourth quarter of 2010. According to RealtyTrac, foreclosure filings hit 2.87 million U.S. homes in... continue reading >>