Expert Advice: Bizymoms expert advice center!

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Rental Housing Market Improves By : Paul Escobedo As the housing market changes we are beginning to see some changes in the rental housing market improves. The housing market has started to fill the vacant houses with renters. PROPERTY LIFE LESSONS 1 By : Clarissa Leary Achieve what you want and Protect your Assets My first property I owned was 50 acres of bushland with a bird watching hut on it in the Dromedary area with my partner of 2 years. We managed to get a full land loan to purchase this block. It was peaceful and relaxing. My Favourite No Money Down Deals By : Julie Broad I'm not a big fan of no money down deals. After being a part of a handful of very rough deals done with little to no money down I've come to realize a harsh reality: no money down doesn't mean it won't cost you. I tend to avoid no money down deals unless they are in good areas and have great potential. I avoid them, with one exception. Checklist for Finding Great Real Estate Deals By : Julie Broad Where others see a problem the best real estate investors create an opportunity. But, sometimes even experienced real estate investors can miss out on an opportunity if they don’t look at it the right way. I know, because I almost missed out on a deal that’s made us $100,000 and counting! Saving Time with Property Management Software Packages By : Jason Kay While property management software can’t do a property inspection for you, it can help you to make sense of the abundance of data that you will use. It stores paperwork so that you have it when you need it. It can even create digitized copies of various logs and records for easy access and reference. This can be used in rental situations and even in hotel like situations. It can track spending and expenses and help to run the financial aspects of this type of business. How to Find the Best Tenants for Your Rental Property By : Julie Broad Finding the best tenants for your property really comes down to marketing. Specifically, direct response marketing. When you understand what your target market of tenants want to rent you’ll know what properties to buy, you’ll know why they like that area and that type of rental and as a result you’ll know what to say to your tenants to attract them to the property. 7 Reasons Why You Should Attend Your Local Real Estate Club Meetings By : Julie Broad The secret to finding the best deals, the best team members, the best support and even the best partners and lenders is to get active in your local real estate investing clubs. It’s something so many real estate investors overlook – especially ones with a bit of experience – yet it’s a gold mine filled with opportunity if you have an open mind and even an open heart. A Simple Investment Strategy for a Better Retirement By : Julie Broad Looking at it in today’s dollars – how many people do you know that have $375,000 sitting in the bank for their retirement producing $2,000 a month income for them to live off of? I have met too many people who are looking at very lean retirements because the pension they’d been counting on has been clawed back or the company they worked for has gone bankrupt. Or, worse, their life savings were cut in half by a crash in the markets. Understand the Critical Path for Faster Real Estate Investing Success By : Julie Broad Just like there’s always a fastest route to where you’re going when you drive there is always a fastest route to getting your properties rented, sold or financed and in this article Julie Broad will explain how using the critical path tool can help you do that faster and easier! 3 Ways to Invest Like Most Wealthy People Do By : Julie Broad If you truly want to grow your wealth and live a fulfilled and prosperous life you should consider investing the majority of your time, money and energy into the three things most successful self made wealthy people invest in. In this article Julie Broad explains what those three things are. Great Real Estate Deals Could Be Right Under Your Nose By : Julie Broad Why not look for high quality and good condition properties you can buy for under market value simply by knowing where to look? In this article Julie Broad shares 5 "hidden" places to find under market value deals in your area. Don't Wait Too Long to Build Wealth and Freedom By : William D. Fox You need to build wealth early so you can enjoy it while you are young. Wealth buys the freedom to make the best of your youth. Plan now to retire early. Create Your Success - Break Free from Status Quo By : William D. Fox Life teaches conformity, but taking a path less traveled is usually the fastest way to a better and richer life . . . as long as you are prudent and do your research. Real estate is predictable, tangible, and can produce large returns on investments. But learn how to do it correctly and know the risks before starting. Move Out of Your Comfort Zone if You Want to Succeed By : William D. Fox Denise and I personally attest that hard working folks with average intelligence, sound credit, but... Prelude to Making Change AWAKENING By : William D. Fox This is what led Denise and me to begin investing in real estate and a future of more control. Our AWAKENING - The Beckon of Real Estate By : William D. Fox Happily, my employers were good to me . . . but everyone isn’t so lucky. Success is a Choice By : William D. Fox A financial journey is analogous to a horse ride. Chance favors the informed mind By : William D. Fox An advantage of real estate income is that is it “passive”, and therefore taxed at a lower rate than “earned income”. A Frequent Barrier to Success By : William D. Fox The Pitfall for Many Americans – COMPLACENCY: Employed by another person or corporation in a typical day job, time ticks and salary gradually climbs. The "Day Job" versus being a Real Estate Investor and Manager By : William D. Fox Within most corporations, it’s rare to have true entrepreneurial incentive for individual contribution, unless invited into a corporation’s inner circle. Good Luck Correlates tightly with Planning, Tenacity and Willingness to Learn By : William D. Fox Sometimes people do just get lucky; but "good fortune", particularly in real estate ventures, is most often controllable and cultivated - a product of pro-action. There Will be Ups and Downs when Managing Tenants! By : William D. Fox Sometimes people do just get lucky; but "good fortune" is most often cultivated - a product of pro-action. Why Many People Do Never Realize Big Success By : William D. Fox The Pitfall for Many Americans - COMPLACENCY: Employed by another person or corporation in a typical day job, time ticks and salary gradually climbs. Any Circumstance That You Can Control By : William D. Fox In any circumstance that you can control, from acting on your windows of opportunity to some daily grind, one’s own habits, actions, and CHOICES profoundly affect outcomes. Fortune is most often Cultivated By : William D. Fox Sometimes people do just get lucky; but “good fortune” is most often cultivated – a product of pro-action. Why It is Important to have Multiple Streams of Income By : William D. Fox Please develop alternate streams of income to increase your financial security. As a landlord, I see many people living on the edge of survival. Discomfort Stimulates Change By : William D. Fox My career was a classic American situation . . . one of cushiness and general (but not guaranteed) financial well being. It's important not to feel falsely secure from today's smooth sailing. Financial storms can and WILL come. So prepare for the storms while you're financially healthy. Financial stress is very significant and can ruin your life. Many people may tell you that money's not important. That's BS, especially in our society, as anyone who financially struggles will attest.