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The Profit April 2017

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The Profit April 2017 Articles

Mental Gems – When A Little Is A Lot!
By Wahid Shakur
Wahid ShakurThis month I am sharing some Mental Gems that I know would be of great use to you. It has to do with the misconception that…BIGGER is BETTER and/or Quantity over Quality. Just this past month I was speaking with one of my platinum students in Dallas, TX.  We were discussing his marketing when I shared this view with him to make a clear point.  You see, he was having a problem that most of us have at one point or another in our investing career.  We begin to doubt that we are doing enough and start to believe that... Read More >>


Be 100% There!
By Bill Cook
Bill CookHow important is it, when meeting with a seller, buyer, renter, realtor or contractor, to be totally focused on that person?  If you’re not paying complete attention to what that person says and how he or she says it (tone of voice, hand gestures, body position, eye movement), isn’t there a good chance you’ll miss critical information that’s being shared with you? The number of people who are not 100% there during a meeting has become epidemic – and is a major pet peeve of mine!  If you’re over fifty years old, you already know what I’m talking about.  Baby... Read More >>


Maximizing Your Profit by Knowing Your Buyer’s Financing Options
By Kimberlee Frank
Kimberlee FrankWhen making offers on properties as an Investor, you will need to have your exit strategies in place prior to purchasing the property.  What I mean by that is, who is your buyer and what type of financing are you going to allow the buyer to use when you sell the property.  Knowing this will allow you to maximum your profits. When I look at properties to purchase I always analyze the value of the property and how long I will have to hold the property before I am able to sell the property for a profit.  The comparables that... Read More >>


Doing Equals Results
By Michael Vazquez
Michael VazquezA few months ago, I began learning about and got more involved in apartment investing. I wrote about the steps I took to make industry contacts while building credibility. Fast forward to now and my work is definitely paying off. In many ways, the results I was looking for are coming to fruition but there are also other results, that I did not expect, that are appearing as well. Some results I expected from my efforts were credibility, partnerships, maybe a mentor, an actual deal, financing and much more that will definitely come with patience and more work. At the... Read More >>


How to “Print” Money for Your Real Estate Investment Business
By Russ Hiner
Russ HinerI have learned how to get enough money to buy any house, at any time, any place, and any condition. Wouldn’t it be great to have the relationships to be able to do just that? This is not out of reach and it is not very far from where you are sitting right now. I recently got into a conversation with a fellow Investor at the gym and it went like this: Russ: How is business? Gabriel: I am so busy. I have 17 houses (being rehabbed) right now and the one you sold me (two months ago,) I haven’t... Read More >>


Your Personal Seller, Buyer and Lender Credibility Kit and Why You Need To Have One
By Kathy Kennebrook
Kathy KennebrookWhy do you need a Credibility Kit for your Real Estate Investing business? In fact, what exactly is a Credibility Kit? This is the question I hear most often from students when I am at real estate investing events. Think about this for a second. Have you ever had a contractor come out to do a bid for you on some work you wanted done, say new cabinets, or siding on your house or new windows?  Do you remember seeing the book they brought with them that showed the photos of jobs they had completed, testimonial letters from satisfied customers... Read More >>


Why REO’s?
By Mark Jackson
Mark JacksonWe all know that REO is an acronym for Real Estate Owned properties.  Basically, it is a property that has been foreclosed upon and now belongs to the bank or lender. Foreclosure properties have been front page news across America for some time.  I want to discuss REO properties and the best way to profit from these deals. REIAComps is a great way to expose yourself to the true market value of many REO homes in various stages of foreclosure around Atlanta, the state of Georgia and other market areas. When banks supply foreclosure lists, they also provide the selling... Read More >>


Unplugging... To Recharge (Revisited)
By Tony Pearl
Tony PearlAs I write these words, I’m overlooking the crystal-clear blue-tinged waters of the Caribbean. The boats in the marina are docked and their crews are scurrying about in preparation of the day’s activities. The weather here in Curacao (a Dutch Caribbean island just north of Venezuela) has been exquisite, as my slight sunburn indicates. It should be about 82 degrees here today, while back home it’s a balmy 30 degrees. So, have YOU taken a vacation recently? Did you have the chance to get away and do something fun, relaxing, or otherwise fulfilling lately?  If not, why not?  There have... Read More >>


When a Buyer Provides Feedback… Listen!
By Frank Iglesias
Frank IglesiasThis month’s tip is so critical to your success. There will be many times when you put deals out and instead of getting an offer, you get feedback from your Buyer.  If it is constructive, and oftentimes it is by people who sincerely want the property, listen!  Buyers, especially experienced Buyers can provide a wealth of knowledge for you on your deals.  They oftentimes have the scars of rehabbing and know many things you may or may not have thought of.  You want to take advantage of this information! Some things they may share with you: What is the real... Read More >>


Know What Your Plans Are For Every Property You Look At Before You Buy?
By Larry Harbolt
Larry HarboltOne of the most important things I believe every investor should always do before ever making an offer to purchase any property is to first think about what the highest and best use for that property will be. Every day I talk to newer investors who never stop to think about the best use of the properties they look at and how this simple exercise can, and will, greatly improve their profit from every deal they do. It took me years to understand the importance of first considering what I should do with each property I was looking at before... Read More >>


Using Custom Fields and Classes in QuickBooks Online
By Karen Bershad
Karen BershadQBO’s tools are generic enough that myriad businesses can use it. But custom fields and classes help you shape it to meet your specific needs. Small business accounting is not a one-size-fits-all proposition. Your company is unique in that sense; you have your own customers and products, vendors and services. Your requirements for your accounting application—what it must do and how it does that—is unlike anyone else’s. QuickBooks Online contains a standard set of features that can accommodate a broad cross-section of the millions of small businesses in the U.S. It also offers customization options that you can use to... Read More >>


7 Due Diligence Tips for Real Estate IRA Investors
By Jim Hitt
Jim HittThe difference between a successful real estate IRA investor and a not-so-successful one often comes down to due diligence. The investor who understands what goes into valuing a property, to include historic and expected cash flows coming in and out as well as risk – is able to make better decisions than a less skilled investor. If you’ve been blindsided by the unexpected as an investor – or if you believe you could be – here are some tips from experienced professionals to improve your due diligence and help you avoid getting caught unaware by the unexpected ever again. Don’t... Read More >>


Decipher Data On Your Phone: Demographix App Review
By Don DeRosa
Don DeRosa“HD doesn't mean anything to me. It's a technical thing. It's like demographics. A lot of people know about it.” ~ Craig Ferguson When we talk about demographic data it is hard to grasp. The US Census information is available for free online, but it is hard to gain anything meaningful from that. The common person isn’t apt at reading through that information, and the way the US Government organizes those numbers isn’t easily absorbed. Demographix is a very niche app. It is a well organized database that has used the US Census information from 2010. This is not for... Read More >>