What is the 40 percent rule? Well, for starters, it’s a game changer when it comes to building wealth. I have read over 100 books on investing and personal finance. I don’t recall coming across the 40 percent rule. I discovered the rule by reading The millionaire’s playbook by Grant Cardone. I was thrilled when…
Category: Real Estate
Eight tips to keep in mind when looking for apartments for rent
Finding apartments for rent can be a stressful task. However, there are several tips that can ease the discomfort and make finding a new place fun. Be specific When looking for an apartment, be sure to determine what features are must-haves and where it’s okay to compromise. If there’s a perfect two-bedroom apartment in a…
Tenants must abide by the rules of a lease
The lease is a legal contract and the basis for all disputes and disagreements between the landlord and the tenants. In times of trouble, it is often necessary to remind tenants of the conditions stipulated in the lease, and it is also a very effective way to deal with the problem. Both parties signed the…
Real estate characteristics
Real estate has several unique characteristics that affect its value. There are economic characteristics and physical characteristics. Real estate is a product that is bought but differs from everything else due to the characteristics that will be discussed here. The economic characteristics that influence the value are scarcity, improvements, permanence and area preference. The scarcity…
Chronicles of Madness – Episode 35
In our episode 35 of Madness Chronicles, we will see the insanity of Congress that makes the rich rich.. Remember, insanity is a state of mental illness, gross and extremely foolish behavior, and a frenzied or chaotic form of activity. Let’s take a look at the insanity of Congress taking over. In the massive HEROES…
Refinancing Traps with a Fix and a Change – Keeping Ownership When Your Change Turns to Failure
He was young and inexperienced, but he was convinced that he was unstoppable. He had a lot of energy and motivation. The house was in Arvada, a northwest Denver suburb, and I bought it for an incredible price. It was part of a package with another house that he planned to keep as a rental….
Intuitive goal setting! 10 new ways to set goals from your intuitive place!
Many articles have been written on how to set your goals, but if you are like most people, it is sometimes difficult to achieve those goals. Especially since after we set our goals, they don’t really mean much to us and we forget about them. The reason we don’t achieve our goals is that we…
Commercial Mortgage Loans – What Rates Do Hedge Funds Charge For Commercial Mortgages?
The ongoing credit crisis has made it much more difficult for investors to qualify for an institutionally financed commercial mortgage loan (bank, broker, insurance company). Underwriting standards have become significantly stricter and loan parameters have tightened. Banks are accepting very few transactions, and even fewer are closing. Many good loans that should be financed…
Recover more debt
Did you know that 70% of Citibank bad debts are skipped accounts? And that 10% are bankruptcies and deceased accounts? That leaves only 20% of your bad debts that you are “actively” trying to collect or that you normally just write off or sell. What about the other 80%? Of the $ 60 billion of…
Lead generation techniques for real estate wholesalers
Many people are overwhelmed when they see real estate as a possible source of income. Aside from the nervousness and hesitancy to constantly sign legal contracts, there is a roadblock before they can bid on a single property. That hurdle is in the quest to find motivated salespeople. Leads are the bread and butter of…