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The Profit October 2016

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The Profit October 2016 Articles

Finance Your Deals with a Self-Directed IRA
By Jay Conner
Jay ConnerI want you to succeed in acquiring private money for your deals, which is why I have to tell you this: Over half of the money from my private lenders comes from their retirement accounts. It's important to understand the flow of money and how it relates to your own success. If you don't understand how it works to invest retirement funds, you'll miss out on a lot of great opportunities, so I'm going to correct that here and now. The next time you meet a new private lender who doesn't have any experience but has retirement money ready to... Read More >>


Having FUN While Getting it DONE!
By Tony Pearl
Tony PearlWelcome back!  In last month’s article, we discussed how it seems like there are a lot of people who are having a really hard time taking the action they need to take in order to have success.  Based on my experience & observations, I theorized that a big reason for this is not just because of the inherent fears that people have, but also because many people seem to believe that the actions they need to take are going to be painful, or at the very least - not fun. So we began by talking about one of the most... Read More >>


Get Paid To Buy Houses
By Kathy Kennebrook
Kathy KennebrookSo you think you can’t get a seller to pay you to take their problem home off their hands? I have heard many times from students, friends and relatives alike, “are you nuts, nobody would pay you to take a house off their hands.” Wanna’ bet?? There have been many instances where a seller needed to get rid of a piece of property quickly and they needed our assistance to help them make their problem go away. They were more than willing to pay us to make that happen. You have to remember that you are not in the business... Read More >>


Why Nervous Investors Can Benefit from Real Estate IRAs
By Jim Hitt
Jim HittWhen stock markets are volatile, investors (rightly) get nervous. After all, many people have most of their wealth in the stock market. If the stock market goes down, then they see their wealth shrinking...and for people close to retirement, this is a scary prospect indeed. But it doesn’t have to be this way. With Real Estate IRAs, many people learn that retirement income doesn’t have to depend on the quality of the Dow Jones Industrial Average. Instead, retirement income can depend on your strength as an investor, and the wisdom it takes to know what true diversification really is. And... Read More >>


The Real Estate Market is HOT NOW! Do I Want to Get In?
By Russ Hiner
Russ HinerWant to Get In? Having a simple process to learn new things can enhance your personal and professional life.  For example, I wanted to learn how to listen to Jazz.  It's all about the learning curve and experience. I had to have a desire to learn something new. There had to be a simple system that I would be able to relate to and learn something about complicated jazz music. The music seemed to fit my personality. I did not grasp why some jazz was so caustic & other jazz was soothing romantic and enveloping. If I couldn't get an... Read More >>


Launching Your Real Estate Career
By Mark Jackson
Mark JacksonI want to discuss some basics for getting started in real estate investing.  Everything I’m about to share, can be applied to helping anyone get started in real estate investing. I am going to give you a few keys to getting started.  Of course, REIAComps is essential to making sound decisions for your real estate business. Let’s talk about a desire to work in the real estate investing field.  Real estate investing may not be for everyone but real estate investing CAN offer anyone the financial freedom we all crave.  But most important is to always take a valuation first... Read More >>


Take Action Now!
By Michael Vazquez
Michael VazquezFor the last few years I have been giving out advice on how to invest in real estate. On top of that I have been giving out the content for free. However, there are a large number of you who have not or will not take action. At some point you have to take everything you have learned here and everywhere else and take action. Do not be another “paralysis by analysis” type. The number one thing that you need to do is find a deal. A real deal that anyone would buy, finance and/or want to partner on. In... Read More >>


What Are Payroll Items in QuickBooks?
By Karen Bershad
Karen BershadIf you plan to process your own payroll using QuickBooks, you need to understand how payroll items work. Considering processing your own payroll in QuickBooks? Whether you’re moving from a payroll service or getting ready to pay your first employee, you’re taking on a complex set of tasks that requires a great deal of setup and absolute precision. But the reward is complete control over your compensation records and transactions, and constant access to your payroll data. If you have no experience dealing with paychecks, deductions, and payroll taxes, we strongly recommend that you let us help you get started.... Read More >>


Own Nothing, Control Everything
By Bill Cook
Bill CookA real estate investor offered to buy me lunch in exchange for information.  He wanted to know how we hold title to our properties; in other words, whose name is on the deed? When we met, he explained that he’d gone to the deeds room in the courthouse to look up which properties Kim and I own.  After much research, he concluded that we don’t own any houses – and he was right! But how can I be a real estate investor and not own any real estate?  Easy answer: We don’t own any properties personally!  Having assets in our... Read More >>


The Atlanta Commercial Market
By Deborah Harris
Deborah HarrisCostar is a $1 billion, national comprehensive commercial database that provides marketing, statistics, demographics, traffic counts, true ownership, and other information on over 4.5 million commercial properties for national commercial real estate agents.  They have researchers that make over 10,000 calls per day to brokers, agents, and owners to verify or change information making 5.1 million data changes per day.  Recently, Costar purchased Loopnet which is a commercial platform available to the public. Costar does Market Research Reports for major cities across the US which is what we are using for our comparison.  Costar clients include:  Retail:  Atlanta’s Retail Vacancy... Read More >>


The Master Lease Option Series – Part 7: MLO Exit Strategies
By Bill Ham
Bill HamA good investor always knows the way out before going in. I don’t like the common real estate adage “You make money in real estate when you buy”. Personally I think this is a terrible statement. You make money in real estate when you cash the check and it clears the bank. If you don’t exit the deal profitably then you didn’t make money when you bought. Ask anyone who has been through a foreclosure if they made money when they bought. You may create value when you buy but you make money when you sell. This is why I... Read More >>


Fighting Value on Short Sales
By Kimberlee Frank
Kimberlee FrankThe number one thing you need to understand about a short sale is that the short sale lender must realize the true market value of a property.  Recently we got a house in Sanford that needs everything and I mean everything redone inside and out.  The house has multiple types of siding, the tile inside the house has been pieced together, various sizes and colors, and is pushing up from the ground due to water damage, the rotted wall from the 3rd bedroom was removed which makes the house a 2 bedroom, the air conditioner is not working, doors, lights,... Read More >>


Keep it Simple with the Ring Security System
By Don DeRosa
Don DeRosa“My grandmother had this high-tech security system - a rusty nail she used to lock the door.” ~ Quincy Jones Once fall comes, we’re thinking about getting the kids back to school and falling into a familiar routine. You’re not the only one thinking about that, other people may be looking forward to quiet days in the neighborhood too. Break-ins usually happen during the day when no one is at home. If your neighbors are on the same grind as you are, you may not discover a robbery until you get home and see your door open. These thoughts are... Read More >>


Momentum – How To Get It Right Now
By Frank Iglesias
Frank IglesiasThis month we are diverting to another subject that is fresh on my mind.  The concept of momentum. Momentum is something we all know can be very positive but I believe is greatly underestimated.  When I ride my bike I find some striking analogies to business.  Riding a bicycle, whether rode or mountain involves momentum in a major way.  It’s the difference between going up a big hill or walking it.  It’s the difference between clearing a dirt ramp or rolling over it.  It’s the difference between keeping your rhythm going or speeding up and slowing down constantly which is... Read More >>