Every month I go to an Internet Marketing Mastermind Meeting.
Well, it’s not really an official meeting where someone is making a
presentation it’s just a hang out session with a lot of food and
adult beverages. But there’s a lot of very valuable networking
taking place.
All financial calculators have buttons you push to discover various financial factors. These buttons are labeled N for the number of payments until a loan is fully paid off; I for the rate of interest being paid in each payment period; and PMT for the amount money paid for interest and principal. FV stands for the future value of the sums being paid. A very important button is labled PV for Present Value. Many creative financial formulas take P.V. into consideration. What is Present Value? Let me see if I can explain it to you:
A question that I get asked all the time is how long I think it will be before the housing market returns to “normal”. “Normal” in most cases is the housing boom that we just came off of. The people who ask this are usually those who’ve only been buying, fixing, and selling houses for a few years. They don’t yet comprehend that the housing boom wasn’t “normal”; as a national phenomenon, it was the biggest boom in housing in history.
Continue reading “The Best Way to Change Things is to Change Yourself”
Having an assistant is one of the best investments you’ll make as a real estate entrepreneur. Like all parts of your business (and yes, buying, leasing, and selling houses is a business), they require an investment of your money and also your time. You’ll need to invest a little money in order to hire, train, and compensate them for their services. And, you’ll need to invest some time to help them get the job done right—more in the beginning and much less as time goes on.
Continue reading “Why You Can’t Live Without A Personal Assistant”
Someone once said that financial creativity begins where credit stops. Another person phrased this slightly differently when he said that creativity goes into high gear when you’ve given someone a check to seal a deal on a Friday and have until Monday to get enough money into the bank to cover it.
A lot of people have bought houses for resale that they now can’t sell. As a result, they are making payments on their own homes plus the home the bought. It’s only a matter of time before they run out of money and patience, and stop making payments. In California, about all that happens is that they bruise their credit and disappoint their lenders when the home goes into foreclosure.
The lesson in this epistle is that, rather than ruining your credit and along with it your future prospects by letting a house go back to the lender, consider a number of alternatives:
Continue reading “Sell Your House and Move into Your Spec House”
Just because a person can afford a house doesn’t mean that they want to buy one; and just because a person wants to buy a house doesn’t mean that he or she can afford one. It’s up to the seller or salesperson to ascertain the financial capacity and degree of motivation of a prospective buyer before spending any time trying to meet their needs.
Continue reading “Qualifying the Prospect As To Need & Financial Capacity”
In the 1890s, the head of the U.S. Patent office suggested that, since all the really valuable ideas had already been conceived, the U.S. Patent Office be shut down. After that time, the airplane, nuclear power, radio and television, computer, internet, etc. were all invented. In the world of real estate and finance, new concepts are being used all the time; and old concepts are now being revisited.
