Monthly Archives: May 2011

Focus and You Will Succeed

“Success is a tireless expenditure of narrowly focused energy”
Author Unknown

Focus
The definition of FOCUS: A condition in which something can be clearly apprehended or perceived.

Do you agree that it can be very difficult to get focused on what it is you would like to accomplish in this life? Do you get pulled this way and that depending on which way the wind is blowing that day?  This may be because you are not “narrowly focused”.

In working with so many students for real estate training and coaching, I have found the lack of ability to focus and stay … Read the rest

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PART 2 of 2 – Top 7 Tips…To Minimize Your Risk and Maximize Your Profits – SMART Real Estate Investing

Rule #3 – Invest Using the Strategies that Make Sense and the Location That Makes Sense for the Current Market Conditions

I always say invest where it makes sense and dollars.  You don’t need to invest in your home town, because you live there…nor do you need to go all over the country investing everywhere else. Do your homework and invest in locations that align with the real estate investing niche you chose … Read the rest

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Avoid Foreclosure – Option 14: CHAPTER 13 BANKRUPTCY

Option 14. CHAPTER 13 BANKRUPTCY

Bankruptcy

Q: WHAT DEBTS ARE NOT DISCHARGEABLE?
With some exceptions, the following debts remain even after bankruptcy:
· Child support & alimony
· Student loans that became due less than 7 years ago
· Federal and state income tax obligations less than 3 years old
· Debts for restitution from criminal convictions and drunk driving
· Debts the bankruptcy court decides where from intentional acts, fraud or wrongdoing (e.g., lying on your bank loan application).

Q: WHAT IS CHAPTER 11 BANKRUPTCY?

Chapter 11 is reorganization for businesses and individuals with debts too large for Chapter 13. … Read the rest

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Avoid Foreclosure: Option 3- Equity Sharing

Option 3. EQUITY SHARING

Definition: Joint ownership of a property by one or more owner-investors and one or more owner-occupants. The owner-investors get the benefit of depreciation, and the owner-occupants can treat a part of their monthly mortgage payments as rent, and benefit from tax write-offs for interest and property taxes. When the property is sold, both types of owners share in the profit or loss realized from the sale or refinance.

This might be for you if there is some equity in the house and you would like to continue to hold it. It is vital you involve … Read the rest

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PART 1 of 2 – Top 7 Tips…To Minimize Your Risk and Maximize Your Profits – SMART Real Estate Investing

Quote to live by:

“Without effort, you cannot be prosperous. Though the land be good, you cannot have an abundant crop without cultivation.”

Plato

Real Estate as a Path to
Wealth and Freedom

Forbes magazine lists the top 400 wealthiest people every September. In September 2007, 40 of the 400 people on that list made their billions specifically in real estate.  Many of these people started with nothing, some immigrants even, to move up into this category.  Real estate is definitely a path to be seriously considered in building your wealth.

Did you know that most of those 40 billionaire … Read the rest

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