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The Profit January 2016

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The Profit January 2016 Articles

Have You Ever Wondered How You Can Maximize Your Profits from the Properties You Sell for All Cash?
By Larry Harbolt
Larry HarboltHappy Prosperous New Year 2016 to You All! I continually talk to my students about maximizing their profits on every deal they do so this month I am going to explain to you how you can do just that, get more money from the deals you do. This is a simple strategy every investor can easily accomplish once they have an understanding how to make it happen. I’m Not Talking About Doing Any Extra Work to the Properties You Sell I’m Talking About a Way to Get More Price for the Houses You Are Selling. High consumer debt with high... Read More >>


Find Deals with Zero Money
By Michael Vazquez
Michael VazquezThe number one question that new investors and/or wholesalers ask is, “How do you find your real estate deals?” Many times I think they are searching for some sort of magic secret that leads to an unlimited supply of investment deals, but we all know there is no such thing. However, they are surprised to know that there are many ways to find deals that take little to no money but does take time and discipline. If you have ever been in a sales position the first thing trainers ask you to do is write down everyone you know that... Read More >>


Do You Have Big But Disease?
By Bill Cook
Bill CookThe thing that kills most real estate investors – heck, the thing that prevents 95% of folks from reaching anywhere close to their full potential as human beings – is the dreaded Big But Disease! It goes something like this: I want to start my own business, but... I want to do more for my church, but... I want to own 20 free-and-clear rental properties, but... I want to get in shape, but... I want to improve my marriage, but... I want to spend more quality time with my kids, but... That stinky Big But Disease will squash your dreams,... Read More >>


3 Rules For Success
By Russ Hiner
Russ HinerAs this year comes to an end, I am reflecting on what went right and what areas in my life do I need to focus on, to make some improvements to reach my highest level of success? Part of having a very successful business, involves 3 basic principles; purpose, attitude and action.  Let’s look at these 3 basic principles. The good news is the chances of us getting it right is because the change is within us and we don’t need to depend on anyone else for this success. Did you hear me! The bad news is the change is within... Read More >>


Can a Bank Steal Your House Even If You Paid Cash?
By Bob Massey
Bob MasseyPicture this… you buy a house in cash that you plan to renovate and sell. Two years later you have renovated the house and you try to take out a line of credit to purchase another property to renovate and sell. You’re excited to move forward until the bank tells you that you don’t own your house anymore because it has been foreclosed and sold to someone else. This is exactly what happened to a Montana couple. The family sued, and during the trial the bank did everything they could to get out of their responsibility for the error. Fortunately... Read More >>


Attracting Even More Motivated Sellers in an Ever Changing Market – Part 1
By Kathy Kennebrook
Kathy KennebrookI am often asked whether or not there are still good real estate deals out there with the market constantly changing like it has been. The real estate market will always experience ups and downs and as real estate investors we need to be trained on utilizing the best tools to locate the motivated sellers within those markets. We also need to learn to be flexible in our marketing in order to bring in the highest number of new deals. I often hear comments like, “you were just lucky” or “you got in on the real estate game when there... Read More >>


Squeeze Page Madness!! A Quick Guide to Setting Up Your First Squeeze Page - Part 2
By Tony Pearl
Tony PearlWelcome Back! If you’re just joining us, we’re talking about what Squeeze Pages are in the wonderful world of Internet Marketing. In the last issue, we covered what the heck a Squeeze Page IS & why you should care.  In this issue, we’re picking up where we left off, staring with... Why Do Businesses Use Squeeze Pages & Why Are They So Powerful? Let's use that example of the restaurant giving away a free dessert or appetizer. They would usually sell that item for $4-$9, right? But then what? They drop the check, collect their money & say good-bye to... Read More >>


Investing Principals
By Mark Jackson
Mark JacksonLearning to make your mark in real estate takes discipline in following a set of principles. Using REIAComps to guide your deals is beneficial. These principles have guided many real estate investors to initial and repeated success. Ignoring them, on the other hand, is likely to either slow down or impede your success. I’m sure you have heard the old saying “If it ain’t broke don’t fix it”. This is definitely true in the arena of real estate investing. Many investors live by this motto. They have either developed this system themselves, often over a period of years of blood,... Read More >>


Consistency – A Wholesalers Trusted Ally
By Frank Iglesias
Frank IglesiasAdmit it…this may be a familiar story to you.  You learned about this money maker called wholesaling, did a few deals and made good money, celebrated and then told everyone how awesome this business is.  But then the dark time hit… Leads dried up.  Phone calls have slowed down.  Market dynamics may have shifted.  The list could be endless.  Bottom line, all of the sudden the euphoria of making money quickly and easily has been replaced with concern and worry about what’s going on.  All of a sudden your dreams coming true seem distant again and going the wrong direction…perhaps... Read More >>


Help Don't Sell
By Bill Ham
Bill HamSelling often has a negative connotation to it. I hear people say sell is a “4 letter word”. This is an unfortunate point of view as selling is an extremely important part of being a successful real estate investor/business owner. Selling in real estate has many more functions than just buying and selling the actual property. We sell ourselves to investors when we raise money for our deals. We sell when we convince a realtor to work with us and give us the hot deals or when we convince a seller to give us the contract instead of someone else.... Read More >>


Accounting for Time in QuickBooks
By Karen Bershad
Karen BershadIn the Real Estate Investment industry and as a contractor, you sell services to your customers, you'll need to understand how to use QuickBooks' time-tracking features. Usually contractors do not keep much if any inventory on hand. Most work is done with materials either supplied by your customer or you purchase what is needed to complete that particular job and bill the customer accordingly. But if you are only billing for time and services, that becomes a different story. There's no real inventory tracking involved -- except in terms of knowing how much manpower you have available at any given... Read More >>


Dispelling Common Objections to Real Estate IRAs
By Jim Hitt
Jim HittWhen it comes to investing, there’s a lot of information out there—and a lot of misinformation as well. Being able to tell which is which is one of the keys to educating yourself as an investor and keeping your retirement investments secure, safe, and stable over the long haul. That’s why we love to dispel some of the common myths and objections when it comes to Self-Directed IRAs—and today, we’re tackling Real Estate IRAs. Are we saying that all objections or questions about Real Estate IRAs—or Self-Directed IRAs in general—are meritless and without value? Of course not. But by the... Read More >>


Year-End Urgency Sways Short Sales in Your Favor
By Kimberlee Frank
Kimberlee FrankIf you are working on a short sale close to the end of the year, you will find that they are approving the short sales quicker versus throughout the year. The Banks work on numbers every quarter giving us 4 quarters per year to get a short sale approved. The closer to the end of the quarter, the more likely they will approve the short sale and when it comes to year end, the Banks are known to take deeper discounts, just so they can get the property off their books. Did you know that the Banks are required to... Read More >>


Fast and Easy: Sign-n-Send Review
By Don DeRosa
Don DeRosa“Every thought you produce, anything you say, any action you do, it bears your signature ~ Nhat Hanh The Sign-n-Send app for my iPad and iPhone is a really handy tool for my everyday use. I find it very convenient to send documents via email, but sometimes it’s hard to put your signature on there without being on a desktop. It is very intuitive, just tap and hold to open the pdf and edit. For a long time I struggled with signing pdfs on my phone. I tried taking a photo and writing over it, an electronic stamp, other apps... Read More >>


What Causes a Quantum Leap?
By Ron LeGrand
Ron LeGrandI’m sure you’ve noticed when I sign off, I prefer “To your quantum leap.”  People often ask me what I mean by that or how to have a quantum leap.  The only way I know to answer is to “keep fertilizing your crop.”  Let me explain. You must ask yourself certain questions and continuously analyze what you’re doing at every moment.  Whether you’re young or old, what are you doing to fertilize your crop?  Is every day the same or are you taking on new challenges and learning new stuff?  Are you playing not to lose or playing to win? ... Read More >>