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The Profit June 2016

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The Profit June 2016 Articles

Saving Taxes Accelerates Wealth Growth
By William Noll
William NollIf you take $1.00 and double it tax-free for 20 days it’s worth $1,048,576 (over a million dollars). Take that that same $1.00, taxed at 30%, it will be worth only about $40,640 -- A LOSS of a MILLION DOLLARS!  Why is this so? Because with tax-free compounding, earnings accumulate not only on the principal amount of money but also accumulate on the tax-free earnings as well.  ("Earnings on Earnings").  Thus compounding combines earning power on principal and earning power on interest. Compounding has been called the ”8th wonder of the world”, a “miracle”. Compounding money at high rates of... Read More >>


Conquering the Fear of Investing
By Mark Jackson
Mark JacksonPerhaps you're a new real estate investor who has thought about using real estate comps to dive into real estate investing but have been hesitant due to a feeling that the market will collapse once you get in and you will lose all your money.  Well rest assured; you are not alone. Fear touches every new investor; and no one successfully investing in real estate today would tell you otherwise. So let's address some of the most common fears and see whether we can help calm you and urge you to take the plunge into real estate investing. Having to... Read More >>


The Master Lease Option Series – Part 4: Finding Master Lease Option Deals Using Realtors
By Bill Ham
Bill HamOne of the most common questions I get asked is “how do you find master lease option deals?” In this article I will show you how I have found most of my master lease option (MLO) properties. The short answer to this question is REALTORS! I will acknowledge that in the single family investment market, most hot deals probably come from your own advertising or from wholesalers that find you the best deals. In the commercial world the game changes significantly. Most sellers of a commercial property, such as an apartment complex, are not going to go out to the... Read More >>


Short Sales Still Selling Strong!
By Kimberlee Frank
Kimberlee FrankRight now, in my office, I am receiving short sales from sellers who decided to do a loan modification which was only valid for 3-5 years.  In my opinion, this is the second wave of short sales that you will be coming across.  Many Investors stay away from short sales because they say it takes “too long” or they do not want to negotiate the short sale itself.  After speaking with them, I find out that they really don’t understand the short sale process.  So they miss out on BIG profits that are available by making offers on short sales... Read More >>


Using “Bird Dogs” To Find Motivated Sellers
By Kathy Kennebrook
Kathy KennebrookUsing the people around you to locate motivated sellers for you is a great way to find even more deals absolutely free. Think about it, the more people you have locating deals for you, the more deals you are going to make. And personally, I always advocate “free” techniques for finding motivated sellers, especially those of you with a very limited budget for marketing. So how are we going to find these people to find deals for us? Well first of all, look around you. Friends, relatives and co-workers are good sources of leads for you. They usually live, drive... Read More >>


The Music is in the Man
By Bill Cook
Bill CookIn my early twenties, I’d decided that to be successful, I needed to buy a Mercedes Benz and a gold Rolex watch.  Dean Kates, who was my mentor back then, told me the following story to help me understand that greatness comes from within, not from what you own – that bling is pretty much meaningless! After many years away, a world-famous violinist returned to his small hometown in Georgia.  He came to play a benefit concert to raise much-needed funds for his high school’s music program.  Because the violinist was one of the very best musicians in the world,... Read More >>


Appellate Court Finally Rules Banks Can’t Take Your House without Proving Standing
By Bob Massey
Bob MasseyCan any bank foreclose on your house? You would think the answer would be a resounding “no!” A reasonable person would assume that only the bank that lent you the money to buy your house or bought your loan through a legitimate sale would be able to foreclose on your home. Well, until a recent decision in the California Appellate Court, that wasn’t necessarily the case. In a May ruling from the California Court of Appeal, it was finally and clearly declared that “only the person or institution entitled to payment may enforce the debt by foreclosing on the security.”... Read More >>


Details
By Michael Vazquez
Michael VazquezMany people expect to learn how to invest in real estate from seminars, books, videos, etc. but until you actually pull the trigger and go all in you will not know how to invest in real estate. Yes, you will learn the procedure and steps involved but those usually do not go as planned either. As Mike Tyson once said, “Everybody has a plan until they get punched in the mouth.” Well, real estate is no different. I know you heard this a million times but if this was easy there would be more people doing it, successfully. The amount of people that attempt... Read More >>


Would You Like to Sell Your Houses Faster and Get a Higher Price At The Same Time?
By Larry Harbolt
Larry HarboltHere is a great tip for you to think about when rehabbing your houses. I have written about this subject before and I thought I would share some different ideas that will help you sell your houses faster and many times get a higher price than other houses in that same price range.  So, What Is The Secret To Getting A Higher Price For Your Houses Than Your Competition Can Get For Their Houses? The simple answer to this question is doing what other investors won’t do!   Years ago I learned a simple but very powerful lesson that has since... Read More >>


Become the Expert – Invest in Your Future!
By Russ Hiner
Russ HinerOk so you want to learn everything you can about a certain subject. Become an expert. It takes around 10,000 hours to become an expert. If you worked at it 40 hours per week you would get there in 5 years. If you do it part time, while you are working to put a few pennies together, then it will take 30 years. The choice is yours. Becoming a realtor, mortgage broker, contractor, attorney, appraiser, and loan servicing company all require a learning curve. How long do you have before you are at a loss of income?  The person who... Read More >>


How To Build Credibility With Buyers
By Frank Iglesias
Frank IglesiasBuyers… a wholesalers best friend.  A lifeline.  The reason why we make the money we do with a smile on our face.  However let's face it, many wholesalers are fantastic at shooting themselves in the foot in this area.  Even experienced wholesalers run into more challenging Buyers that while qualified to buy, are hesitant or even downright against buying from a wholesaler.  Or they are just so picky that the time spent quickly feels like it is not worth the effort.  These are not the easiest of hurdles to discuss.  And even if they are willing to buy, how do you structure... Read More >>


Are You Applying Finance Charges in QuickBooks? Should You Be?
By Karen Bershad
Karen BershadAssessing finance charges is a complicated process. But if you have a lot of late payments coming in, you may want to consider it. Be sure you know what your lease agreement says before you start this process.  If your lease agreement clearly states a flat fee per day, month or some other period then finance charges do not work for your situation. There are many reasons why your tenants send in payments past their due dates. Maybe you sent an invoice for additional charges and they’re disputing the charges. They might not be very conscientious about bill-paying. Or they... Read More >>


Benefits of Turning Your Atlanta Investment Property Into a Corporate Rental
By Deborah Harris
Deborah HarrisIntroduction As an agent with Keller Williams Realty First Atlanta for 15 years, I have watched our company grow from “Keller Who?” to Keller Williams Realty being the number one company in Georgia, and, our office being the number one office in the state of Georgia. Over this time period, the internet has become a dominate factor in communication with clients, and, between agents. Of recent, our office intranet (370 agents) and our company Facebook have become abuzz with agents requesting corporate rentals, also known as Short Term Furnished Property Rentals or Vacation Rentals in many tourist destinations and now... Read More >>


Hungry? Have Yourself a Nice Communication Sandwich!
By Tony Pearl
Tony Pearl You’re going to learn something very useful by reading this article. This “something” is so valuable that you might want to use it for the rest of your life. But before you learn what it is, let me start by saying... The older I get, the more I realize things. While that statement/observation could apply to just about anything...or anybody, I’d like to use this article to point out how it relates to people’s everyday communication skills. We live in an age of instant information...yet people these days don’t seem to have any patience to communicate properly. We abbreviate stuff,... Read More >>


Shop Around: Homewyse Review
By Don DeRosa
Don DeRosa"Plans are nothing; Planning is everything." ~ Dwight D. Eisenhower Only by finishing things is the way to learn. Despite this fact of life, I do find myself a bit overwhelmed at times with the various projects I’m planning at any given time. Making two or three phone calls to get a quote about one single project isn’t too much work. When you have three properties that need at least two large or small scale projects to be addressed that consumes at least two days of shopping around, getting in contact with the local businesses. Homewyse is a site that... Read More >>


Real Estate IRA: What Every Retirement Investor Needs to Know
By Jim Hitt
Jim HittYou’re an investor who’s focused on the long-term: your ability to retire with a nest egg. You want to build over the long-term, and you know that there are many different vehicles for doing just that, including employer-based 401(k) plans and more. But what many investors overlook is the possibility of using a Real Estate IRA in their retirement portfolio. Why do they overlook it? For one, the option is rarely presented to them. Many people don’t even know that you can invest in real estate with an IRA. Another reason: many people believe that investing in real estate is... Read More >>