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real estate: Build A Great Estate With Real Estate
- 11/09/12 09:30 AM
“The journey of a thousand miles begins with a single step.” Building great wealth is certainly not easy, but it’s not incredibly complicated either. It does require two main elements: a solid financial vehicle and a genuine desire. To build a great estate with real estate, that outcome must be identified as the destination and determination for it must remain present along the way. The rest, as they say, then becomes history. All things considered, buying and holding income producing investment properties represents the best and most likely means to building a great estate without the need for
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real estate: The Story of Bob and John
- 10/29/12 11:33 PM
Once upon a time there were two friends, Bob and John, who were partners in business together…. Bob and John had been working together for quite a long time and felt as though they were doing pretty well for themselves. Their company always seemed like it was on the verge of taking off. They leased a building, had a number of good customers, five employees, two company vehicles and very big dreams. Though they worked extremely hard with very little time off, in their minds they were in the process of creating something very real and substantial. It
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real estate: The Great (REO) Opportunity
- 10/03/12 08:55 PM
Sometimes we forget that banks are businesses much like other companies. And there are times when they make mistakes, just like other companies do at times. And (as we know) collectively the banks made some incredible lending practice mistakes (doozies) during the not too distant past… Though hard to fathom now, the lending errors the banks made enabled a buying and building surplus which at the same time was fueling the expansion of a real estate property value bubble. And these exaggerated valuations, being both artificial and temporary, caused the bubble to eventually burst. This painful period of
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real estate: Real Estate Investing and the Importance of Education
- 09/07/12 01:12 PM
“If you think education is expensive, try ignorance.” With the exception of a couple of rare exceptions (lottery, inheritance, etc.), there’s really only three main areas a person can realistically choose from to generate wealth and true financial independence for themselves: Successfully investing in the stock market Operating a successful business Successfully investing in real estate But it’s not nearly enough to merely select from the three and expect that results will occur according to a grand vision. Desired results can only come by creating a “successful” endeavor within any of these fields. And in each
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real estate: Trust Deed Investing In Real Estate
- 08/29/12 11:29 PM
Certainly, interest rates for savings accounts will remain relatively low for the foreseeable future. CD’s and bonds don’t provide returns that appeal and the stock market promises to remain its usual unpredictable self. To many it seems that a good time to invest may not come along for quite a while. Money’s still tight and generally not flowing with any degree of velocity and there seems to be no visible change in sight. However… A highly secure investment vehicle that does provide attractive yields is available and it exists within the real estate industry; namely trust deed
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real estate: How to Create Profit When You Buy
- 08/27/12 11:25 PM
Speculators hope for profit. Investors create it. Though the adage, “profit is made when we buy” has been around the real estate industry for many years, it still serves as a handy reminder of the importance of proper financial evaluation when purchasing investment properties. At the beginning is the time to recognize if an opportunity to create profit exists. This is when the work of comprehending financial conditions that determines whether success (or something less) is present should be performed. Profit, i.e., built-in equity, positive cash flow and even property value appreciation (likely, but not
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real estate: Investing in Real Estate with IRA Funds
- 08/17/12 08:19 PM
Investing in income producing real estate is one of the safest and most secure vehicles available these days but many people aren’t aware that funds from Individual Retirement Accounts (IRA’s) can now be utilized for this type investment. Considering the control a person has by actively managing their own IRA account and self directing its funds for investment in real estate themselves represents an attractive option for many. And for good reason… Currently there are approximately 47 million households in the United States with IRA’s. Though its availability as an option hasn’t always been clear, increasing numbers of people
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real estate: Five Steps To Wealth Through Real Estate Investing
- 08/04/12 09:59 AM
Not only can you become quite wealthy by investing in real estate (even if the value of the property never goes up)….you should be able to. The five step formula to wealth through real estate investing is: 1) Purchase income producing real estate at below market value prices 2) Buy (leverage) and hold additional properties over time 3) Have your real estate professionally managed 4) Properly direct the cash flow from your investment properties 5) Become financially secure and wealthy over time It’s that simple because… Investing in real estate provides a vehicle and opportunity which really
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real estate: The Successful Real Estate Investor Mindset
- 07/26/12 10:38 AM
Consider this: "The majority of wealthy people in the world have either made their money in real estate or invested in real estate after they built and operated successful businesses." Clearly many who wish to be wealthy and financially secure gravitate towards real estate as a means to accommodate those desires. They know to “follow the money.” So while it’s understood that there’s a strong correlation between real estate and wealth, what’s less obvious is that the inclusion of a focused business mindset is what completes the formula. Wealth is the destination, real estate is the vehicle and
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real estate: Invest In Emerging Real Estate Markets
- 07/17/12 10:41 AM
Property valuations in many areas have likely reached or are near bottoming, becoming generally affordable again. Interest rates remain low and the economy shows continuing signs of strengthening; great indications that it’s an ideal time to invest in U.S. real estate. Successful investing in real estate is often about timing but the old adage remains true. It’s still very much about “location, location, location.” But when considering areas to bring investment dollars, we should think in terms of which cities are currently experiencing (and expecting) positive economic conditions and other relevant factors. The “sexy” choices and decisions can
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real estate: Invest and Grow Rich
- 07/16/12 10:40 AM
“Don’t buy a new car and then get rich. Get rich then buy a new car.” The sentiment above is an endorsement for delaying gratification but also contains additional ideas to be considered and understood… Speaking financially, most members of the middle and lower classes tend to operate their lives with an “earn and spend” mentality. They utilize income to buy and pay for things, often attaching an (as soon as possible) urgency to the equation. Debt is frequently incurred to accelerate the acquisition portion of a common and often insatiable desire to have that “thing” soon; in
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real estate: Addressing Financial Illiteracy
- 07/11/12 10:03 PM
After we earn or acquire money in some other way, three primary choices then exist regarding what can be done with it. We may… A) Spend it (debt centric, negative return), typically directing it towards: 1. Expenses (food, clothes, transportation, etc.) 2. Liabilities (credit cards, mortgage, other loans) 3. “Stuff” (typically tangible items that depreciate rapidly in value) B) Save it (asset based, low but positive return) C) Invest it (income producing assets, greatest return); real estate, stocks, bonds, etc. While B & C are the only choices of the three which can
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real estate: Memphis Second Best Place For Boomers to Retire, Study Finds
- 05/05/12 02:01 PM
A recent study conducted by the Washington Economics Group ranks Memphis, Tennessee as the No. 2 destination for millions of baby boomers looking to retire, second only to Tallahassee, Florida, which ranked No. 1. Through analysis of baby boomer trends and preferences, as well as scientific comparisons of over 20 potential ideal retirement communities, it was noted that pending retirees should and do, for the most part, look to Southern college towns for the best combination of climate, cost of living, health care, and other priorities. The final report, titled “Best Choice for Retiring Boomers: Head South — An
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real estate: The True Picture of the California Housing Market
- 04/25/12 10:55 AM
According to first quarter data for this fiscal year 2012 in the state of California, roughly 55 percent of occupied housing is owner-occupied, with the remaining 45 percent being renter-occupied. Of those who are statistically classified as owning a home, over 75 percent carry it with a mortgage and about 35 percent, or about 5,100,000 homes are near negative equity. It’s no wonder such a large number of people are choosing to rent homes in California when a majority of those who “own” a house would likely end up paying to sell. With the largest number of residents in the
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real estate: What Are Your Retirement Goals? A Case For Real Estate And Alternative Investment
- 03/11/12 11:23 PM
Most financial advisors would have you believe that when planning for your retirement, the goal and the inevitable outcome is subsistence solely on the savings you have accumulated until the point of your exiting the work force. The reason they try to sell this strategy of mere sustainability is because the investments types they put forth–such as mutual funds, life insurance products, stock and bond portfolios, etc.–are typically the ones on which they stand to earn a commission. This designated route barely stands to keep up with inflation, let alone build long-term wealth and consistently pay for living expenses. That
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real estate: Southern California Real Estate
- 02/18/12 07:38 PM
Riverside and San Bernadino were recently rated as two of the most affordable regions in the state of California, undoubtedly due to their price collapses in real estate. This report came from the California Association of Realtors and actually used household income and home values as a measure of affordability. Looking back on the history of home values in California, the Inland Empire appears to be making its way closer to a nominal lost decade, never mind already being at an inflation adjusted one. Since May of 2010, prices in overpriced counties of Orange County and Los Angeles are
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real estate: Trifecta Keeping Housing Bubble Inflated
- 02/11/12 11:28 PM
A bit of news you may have purposefully missed: the Senate recently voted 60-38 to reinstate the elevated loan limits for Fannie Mae, Freddie Mac, and the Federal Housing Administration. With the “limit” set at $729,750, prices are sure to stay inflated in bubble states like California and New York, though it is a wonder that such a figure is even plausible given that the typical American household makes roughly $50,000 a year. Our politicians are also seeking to extend residential visas to foreigners looking to buy at least $500,000 in real estate, never mind the fact that the median home
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real estate: California Housing Issues
- 02/09/12 03:32 PM
In early October of last year the Controller of the State of California released data showing that California fell more than $700 million short in initial budget plans for the year. A slight miscalculation, an overly buoyant disposition, or perhaps just sheer ignorance; whatever the reason it is easy to see why, given the such a disjointed mindset, we took the housing bubble to a completely different level. That being said, another housing rally downward is not completely out of the realm of possibility here. California continues to have an outrageous amount of distressed properties, with numbers for NOD’s
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real estate: More Jobs Coming to Memphis
- 01/04/12 10:52 PM
The Memphis-Shelby County Economic Development Growth Engine (EDGE) board recently met on Wednesday, Dec. 21 to grant a 15-year tax freeze to Valero Energy Corp. provided that the company follows along with planned investments and upgrades to its Memphis facility totaling more than $298 million over the next five years. In a statement on the refinery’as importance to local operations, Valero spokeswoman Lisa Wheeler noted that it is a direct supplier of Memphis International Airport, as well as the only refinery in Tennessee. Aside from saving Valero nearly $26 million in local taxes, the company will also, during the payment-in-
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real estate: The American Saver is Now the American Poor
- 11/16/11 05:44 PM
In a recent effort to encourage spending by consumers, the Federal Reserve promised to hold short-term interest rates near zero at least through mid-2013. A plan to lower long-term rates followed suit in September. Unfortunately these lower rates make it harder for savers to hold onto their cash and still beat inflation. Even the typical money market account, having seen an 80 percent decline since 2006 is no longer a safe bet with inflation rates exceeding interest rates; the overall effect being diminished purchasing power. Meanwhile, sitting pretty on trillions of dollars in bailouts–rather, welfare payments
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