Articles to Read

Real Estate

Pushing past Procrastination

Staying motivated and focused on your goals requires consistent effort and the right mindset. Here are seven steps to help you maintain your motivation and keep your eye on the prize: 1. Visualize Your Success: Start each day by taking a few moments to visualize the successful completion of your goals. This mental exercise creates a positive association and reinforces your commitment. 2. Set Clear and Achievable Goals: Break down your main objectives into smaller, actionable steps. This makes your goals feel more attainable and provides you [Read More Now...]

Gross Rent Multiplier

Gross Rent Multiplier- GRM A great tool for estimating the value of properties. The GRM can give you an idea of what the property is worth, and or the income it should be producing. You require 2 pieces of information: Sales price, and the Potential Gross Income. If you have similar information of property in area, you can estimate values. It does not really matter if you do the estimates on monthly or yearly bases. You just have to know the averages. The equation is fairly simple: GRM = Sales Price/Gross Income (done monthly or annually) [Read More Now...]

Cash Flow Strategies. 147 of them. :)

Loss of Income? Furloughed? Need Extra Money? 2sd Income? Does not really matter. Find attached over 147 money making ideas. Just a few: Sell your junk (treasures) on Ebay. Build an Amazon store. Rent out that extra room, or garage space. Rent out your car. Get paid to put signs (wraps) on your car. Trade for a living. Buy real estate for no money. Get paid for you opinion on products. And many more. Click Here and Down Load the [Read More Now...]

20 Tips to get a BETTER deal!

1. Everything is negotiable Keep an open mind about what is negotiable. You may believe retail prices in stores are the bottom line, but they are not! There are very few non-negotiable products or services. Try to negotiate and you will be surprised what you can get. 2. When is the best time to negotiate? Negotiate when your opponent is happy or content. They’ll be less likely to give you opposition and say no than when they are unhappy or feeling discontent. When you have the advantage, all of the pressure is on them. You should also [Read More Now...]

Getting Started with Real Estate

Getting started is often the biggest challenge for most folks. Therefore, here are 20 plus steps you can start in the next 30 days. Set goals: A simple goal, like buy one rental property in the next 90 days. Now, add some objectives to that goal like: prospect 100 properties, visit 30, negotiate 15, put offers on 10, etc.Understand the principles of a good deal. You must know how to calculate: a cap rate, cash on cash, fair market value, and Gross Rent Multiplier. If you do not know these terms, research them and learn them before you [Read More Now...]

Is Now the right Time?

There is a chinese saying, โ€œMay you live in interesting timesโ€.  Well, we are in interesting times. The stock market after a significant rise, looks like it may fall and crash. Interest rates are at their lowest in decades, but talk is they will go up shortly. The real estate market has rebounded, but there are still a number of foreclosures and power of sale, properties in the market place. The Canadian, USA and International economy appears to be slowing. So, a few of my friends and clients are asking, is NOW a good time to be [Read More Now...]
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