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Investing and Financial Planning
What exactly is financial planning, and why is it so important?
Financial planning is the process of determining how to manage money, investing, present and future financial goals, and the strategy that should be undertaken to obtain them.
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Investing in Foreclosures
A foreclosure occurs when the owner of a property can no longer
afford the costs associated with it, and the bank or another
creditor seizes the property. This is often a result of the
owner initiating bankrupcy
proceedings.
Although it...
Property Investing Is Now Easier Than Ever!
I started investing in property in 1996 with only £500 and now I own a property portfolio of 150 properties worth over £10m. I can already hear you – “it was easier back then!” Ironically it wasn’t.
Let me explain a little more. The buy to...
Sitcom Investing
A fickle stock market encourages good-humored mockery. Recently, as I watched the premiere of a sitcom, an obvious omission breached television etiquette. Silence followed every exaggerated comedic set-up. There was no laugh track. Where were the...
Take It To The Customer
In the past, purchasing ad space was the solution to every entrepreneur's marketing challenge. Then it was direct mail, followed by telemarketing. But with advertising and postage costs on the rise, these tactics have lost some of their appeal. ...
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Be a Real Estate Investing Expert - In An Instant
Here's a simple method of getting to know your real estate investing market, which is VITALLY IMPORTANT before you can know if a property/price is worthy of calling a 'deal' or not...
This 'LAZY' method of market research reveals some amazing facts about the real estate investing market in your area and it works for any area there is....
Take a local newspaper (you can get many of them online, for free, nowadays) and simply count the number of 'For Sale' and 'For Rent' ads, keeping track of them for later reference.
Usually, Sunday and Wednesday papers are the 'biggest real estate investing days', so, for now, just watch these.
Keep track of the number of ads for a few weeks and watch what is happening to your market (hold on, now, we're coming to the part about you turning all this research into a really great real estate investment).
Keeping more detailed records (what price for a 3/2/2 in the SW part of town is being offered for sale and rent wise, etc.) will yield tremendous knowledge, but, for now, just to get started in your real estate investing, stick with the basic 'total ads' research.
After a few weeks, you'll start to see 'trends' in the real estate investing potential of your area - maybe the number of For Sale is going way up and the number of For Rent is going way down...
In such a market, what are you doing looking for 'flips' as real estate investments anyway?
Such a trend clearly shows that there are fewer people buying and a high demand for rentals (perhaps a good time for you to pick up some deals for your long-term real estate investments).
You see, the newspaper (and the active
Associated Websites
market) has shown you what you need to be looking for (or not), and this is certainly a good indication that there are few Buyers (whether for themselves or as real estate investments).
Maybe it is because of some local condition (like the closing of a major employer or something), or it could be more national (like the interest rates rising quickly, etc.) - i.e., it could be something you can control, but most likely it isn't.
However, it doesn't mean you can't make real estate investing money in such a market!
You can certainly make money in a real estate investing market where there are few 'For Rent' and lots of 'For Sale' properties (even if you have poor credit and no money...)
This is a perfect time to be doing Lease Purchase/Options! Yes, it is a great time to simply make CA$H in your real estate investing business.
And, if (and WHEN) the real estate investment market changes again, you will already be on top of it because you'll keep this simple method in mind - just watching the total number of ads in the paper - something anyone can do (but so few will...) and you'll know what the next real estate investing 'trend' will be - maybe back to 'flipping', or maybe something else...
Just one of the major reasons that you need more than one 'tool' in your real estate investing toolbox.....
Here's to your successful (and LAZY) real estate investments...
About the Author
Steve Majors - The Lazy Investor
Profit from Real Estate Investment Articles, Real Estate Investing Information & News
from One of The Most Creative Investors On The Planet ~FREE MEMBERSHIP & Real Estate Training Course~ http://SteveMajors.com
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