Success.org Real Estate Millionaire Tip Hi, I’m martial arts master Bill FitzPatrick; this is Real Estate Millionaire Tip #23 Over and over and over on these tips, you will hear me say, “small specific investment area.” These words are an IMPORTANT key to your success. You must become an expert, THE expert, on value in a small clearly defined area. You KNOW that area. You INVEST in that area. You STICK to that area. Average people will think that they can use their knowledge of one area to invest any where. They are wrong. Stick to your small specific investment area. Yes, part-time real estate investing involves SOME work but – by millionaire standards – NOT a lot of work. Come on we are Action Principles Champions, we are tough, thoughtful men and women of action. This amount of work required is almost a joke. For yourself and your family, Will you commit to working 50 hours a week — Knowing — knowing that in 20 years OR LESS, you will be a millionaire — a multi-millionaire — IF you won’t do this you won’t work 50 hours and save 10 hours income for investing If you won’t do this? You are either lazy or you have an entitlement mentality In either case, DON’T bother listening to me You are wasting your time Buy more lottery tickets and good luck. Can you name any other activity that in ten hours or less per week carries THE PROBABILITY of making you a multi-millionaire in twenty years or less? THE BASICS Define your small specific investment area. Become an expert on …
What are hedge funds, how do they make money and should you invest in them? Tim Bennett has the answers in this beginner’s guide to this secretive sector. Video series by CFA UK Highly Commended journalist Tim Bennett. For more finance and investment tutorials click the subscribe button or visit our website: www.moneyweek.com Join MoneyWeek on Facebook www.facebook.com Follow MoneyWeek on Twitter: twitter.com
The concept of marking to market underpins investing and fund management. Tim Bennett explains how it works and points out some key traps for investors”. Video series by CFA UK Highly Commended journalist Tim Bennett. For more finance and investment tutorials click the subscribe button or visit our website: www.moneyweek.com Join MoneyWeek on Facebook www.facebook.com Follow MoneyWeek on Twitter: twitter.com
www.REIClub.com – Mobile Home Parks, A Lucrative Real Estate Niche Not Many Investors Know About. Here’s What You Need To Know About Investing in a Mobile Home Park… Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on the pros and cons of mobile home park investing. It’s typical for investors to be turned off by Mobile Homes. They think its dirty, there’s trash everywhere, the people you deal with aren’t the highest of quality, and the truth is… that just isn’t the truth. The opinions you have about mobile homes, good or bad, can be applied equally to residential type properties. It’s a matter of perspective. “One person’s trash is another person’s treasure…” If you want to call yourself a TRUE real estate investor you have open your mind to all the potential “cash cow” opportunities in real estate investing. Understand that mobile homes are not considered real estate, but more personal property, what you are investing in is the land itself, and simply supplying specific amenities. Types of Mobile Home Parks – ownership vs rentals or combination Investing in Mobile Home Parks – Pros – people always need affordable housing – simply renting land and utility connections – lower operating expenses compared to apartments – high tenant retention and low turn-over – too expensive to move around – k-4k – tenants usually resell the mobile home to another potential tenant – mobile homes don’t disappear …
This is what we do rental4income.com The Perfect Storm Property values have dropped significantly, especially in the State of Florida. Rents have not been affected by this downturn. Florida is one of the states with the largest number of foreclosures in the country. As a result of the “sub-prime mortgage meltdown” banks are becoming more stringent with lending practices making it more difficult, even for people with good credit to get a home loan. More people with foreclosures on record means even less people qualifying for loans, which results in more people looking for homes to rent. The rental occupancy rate in Tampa Bay is averaged at around 92% Combine these factors together and we have ourselves a “Perfect Storm” for investing in Tampa Bay cashflow rental properties.
www.REIClub.com – Rental Property Insurance Is Essential For Your Real Estate Rentals. Here’s What You Need To Know About Insuring Rental Properties… Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on rental property insurance. Intro to Rental Property Insurance The type of insurance coverage landlords need falls under the umbrella term “property and casualty insurance”. We also encourage Landlords to look into Liability insurance, which i’ll cover a bit later in the video. Homeowners insurance mainly focuses on the coverage for the contents of the house, as a Landlord, you don’t really need that. You need rental property insurance. Rental property insurance policies are written for structures that are four units or less. Anything above that, becomes a commercial risk, which requires a commercial policy.. The policy is written as a package policy, meaning that it covers a number of what insurance companies refer to as “perils.” These are things like… – Fire, Hail theft, tornado, hurricane, wind, and water. – Also covers detached structures on the property like a garage or a storage shed. Important to have the appropriate rental insurance Insurance companies assume… (some items require liability insurance in order to be covered) – the risk for damages to your property – Covers you against any injuries or accidents that may occur (Note The Landlord is liable if he is negligible. So anything, that you …
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