10 Ways To Become a Real Estate Mogul
The post 10 Ways To Become a Real Estate Mogul appeared first on Well Kept Wallet.
The post 10 Ways To Become a Real Estate Mogul appeared first on Well Kept Wallet.
Increase in Credit Card Fraud during the Holidays In 2015 U.S. consumers spent over $70 billion on Black Friday and spend, on average, $830 billion on Christmas and holiday gifts. It goes without saying that U.S. consumers spend more during the winter holidays than any other time of the year. Unfortunately, this increase in spending […]
The post Increase in Credit Card Fraud during the Holidays appeared first on Credit Absolute.
With businesses forced to close their doors to help stop the spread of coronavirus, countless Americans are now out of work. Already, the real estate industry is feeling the effects of this sudden economic downturn. Compass cut 15 percent of its staff Monday, citing a projected 50-percent drop in revenue over the next six months. On todayâs State of the Market podcast with David Osborn, we discuss this story and why cutting expenses now is absolutely essential. We also talk about what real estate agents can do to make it through the recession and thrive once normalcy returns.
Get Instant Access to Hundreds of Free Real Estate Tools
Visit hibandigital.com/toolbox
Claim Real Estate Discounts, Free Trials, and More
Visit hibandigital.com/resources
Sponsors
Rebus University – Get Over $10,000 in Real Estate Training for as Little as $97
Visit futureofrealestatetraining.com
PadHawk – Find Your Market’s Best Leads for FREE with a 7-Day Trial
Visit padhawk.com
Roddy’s FLS – Discover Unbeatable Real Estate Deals with a FREE Foreclosure List
Visit 4closure.info
Show Summary What’s up freedom fighters?! Welcome back for another episode. Today, we are going to talk about your story. Are you where you want to be, both in your business and…
If youâre just scraping by financially, it doesnât take a lot for a money crisis to go down. According to research by Elevateâs Center for the New Middle Class, among non-prime Americans (aka those who have below a 700 credit score and little or no savings), a whopping 69 percent couldnât cover an urgent $500
The post 6 Ways to Bolster Your Emergency Fund by $500 appeared first on MintLife Blog.
Today’s article is from Chad Carson, who writes about real estate investing (and other money matters) at Coach Carson. I’ve always been intrigued by real estate investing but overwhelmed by how much info available. I asked Chad if he’d be willing to write an article that would help me (and other GRS readers) understand the basics of real estate investing. This is the result.
I got started in real estate investing right after college. Because a young adult can basically sleep in a car if he has to (my 1998 Toyota Camry with cloth seats was comfortable), I had little to lose by launching a business. Unfortunately, as a Biology major, I also knew very little about business or real estate. But I did know how to hustle and to learn. That helped.
Slowly, I learned to find good deals and to resell them for a small markup of profit (a.k.a. wholesaling). I also learned to buy, fix, and flip houses for a bigger profit (a.k.a. retailing). After a few years, my business partner and I began keeping some rental properties because we knew that was the path to generating regular, passive income.
While my early business might sound like an exciting HGTV house-flipping show, it’s not for everyone. I experienced radical ups and downs of cash flow, and there were many unpredictable outcomes. I learned a lot being a full-time investor, but there are actually easier ways to get started.
Most investors I know started with a full-time job. They became valuable at their job, earned good money, lived frugally, and started boosting their saving rate. With their extra savings, they began buying rental properties on the side.
I’m not saying you shouldn’t begin as a real estate entrepreneur like I did — you’ll know if you’re called to make that leap — but if you currently have a non-real estate job and you’re saving money, you’re already going down the easiest path.
The next step is to learn how to invest that money profitably and safely. I personally think real estate investing is one of the best ways to do that. I’ll show you why that’s the case in the next section.
I’ve yet to find a better way to describe the benefits of real estate than this. All you need to remember is the acronym I.D.E.A.L:
These IDEAL benefits are core reasons to invest in real estate. But as a Get Rich Slowly reader, I think you’ll appreciate another core real estate investing benefit: control!
I love J.D.’s message here at Get Rich Slowly: You are the boss of you! You can apply this lesson to so many parts of life, but it especially applies to your finances. Real estate investing fits very well with the GRS philosophy. Why? Because real estate gives you much more control than other more traditional investments.
I’m also a fan of low-cost index fund investing, for example, but do you have an impact on the returns of your stock portfolio? Not really. The 3500+ managers of the companies owned by the VTI total stock market index fund do impact your returns, but not you personally. You simply control when you buy, how much you buy, and when you sell.
But with a rental duplex, for example, your decisions directly affect its profitability (for better or worse!).
If this prospect of control excites you, then keep reading. But if your palms are clammy at the idea of hands-on investments, just focus on a different vehicle. That’s okay. There are options for everyone in this big investing universe!
To make things manageable, we’re going to break things down a little. As a baby, you learned to walk by taking tiny steps. You also fell down a lot, but with a diaper four inches from the ground, what’s the harm?!
Well, you’re no longer a baby. Financially you do have a lot to lose. Your family, your hard-earned savings, your plans for financial independence, and your pride would all suffer if you made bad investments.
I get that. And that’s why we still need to take safe, baby steps. There’ll be plenty of time to run and grow faster once you’re more confident. But in the beginning, just strive to move forward steadily.
The seven baby steps below provide a simple path to follow. I’ve taken each of these steps personally. You can use them as a blueprint to help you move forward with your own real estate investments.
Despite the pandemic, home valuesâand sale pricesâsurged through the second quarter of 2020. But according to EasyKnock CEO, Jarred Kessler, a lasting real estate slump could hit as soon as October. Listen to todayâs State of the Market podcast and find out why this wouldnât be such a bad thing for most real estate agents. Youâll also get an update on the foreclosure moratorium set to expire on August 31st.
Get Instant Access to Hundreds of Free Real Estate Tools
Visit hibandigital.com/toolbox
Claim Real Estate Discounts, Free Trials, and More
Visit hibandigital.com/resources
Sponsors
Rebus University – Get Over $10,000 in Real Estate Training for as Little as $97
Visit futureofrealestatetraining.com
PadHawk – Find Your Market’s Best Leads for FREE with a 7-Day Trial
Visit padhawk.com
Roddy’s FLS – Discover Unbeatable Real Estate Deals with a FREE Foreclosure List
Visit 4closure.info
Show Summary Hey Freedom Fighters, welcome back to the show! I’m excited because my good friend, Daniel Moore is joining us on the show today! We know that there’s a downside to…
If you are a new reader, please check out my monthly online income reports where I show you how I make over $30,000 a month while traveling at the same time. Between managing retirement, paying bills, handling credit cards, saving for things in life you want and more, managing your financial life can get difficult. Due […]
The post How I Manage My Finances So I Can Save Time and Worry Less appeared first on Making Sense Of Cents.
For anyone who owns a home, itâs practically impossible to avoid junk mail related to refinancing the property. Are any of those offers legitimate?
The post Mortgage Junk Mail: How To Evaluate Direct Mail Refinance Offers appeared first on Bible Money Matters and was written by Contributing Author. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.