How to Find Good Investment Property

The topic that will be explained in this article is the way to find good investment property. Owning rental real estate seems to be more and more popular as investor tire of the swoops and swoons of the stock market. As for our information, not everyone has what it takes to be a landlord. But those who do may find out that rental will be a good way to build wealth. After we have decided to buy rental property, our real work begins. To find a profitable rental property usually takes a long time, connections and plenty of research.

To find good investment property, we need to know our time horizon. As it is the same as any other investment, we must have a plan or idea on the period we want to own a rental property before we buy it.

The longer the period we plan to own the property, the more we’ll probably need to invest in maintenance, improvements and repairs. If we’re keeping it for 20 or 15 years, at some point, it means that we will be putting a new roof on that property. In addition, we will be putting in new appliances and doing some major repairs. If we are only planning to own a property for four or five years, by contrast, we will probably want to avoid making any major improvements unless we are confident that we can recoup the cost with a higher sale price.

There will also a greater risk that we will face within a shorter time horizon. Although our rental will almost certainly appreciate over 15 years, but it could easily lose all the value in the following next five, especially if we are buying in an overheated market. We will need a higher amount of potential annual return to make up for that risk.

As for small investors, they might prefer long-term ownership. We will have plenty of time to achieve great result in the market, and rental income can make a nice supplement to our day job. Find more rental properties, and being a landlord may become our daily job.

Lastly, we need to develop a network. Landlords that have greater experience might find their properties in a variety of ways. Some of them will hunt for foreclosures, making friends with bank employees and city hall clerks or who has information on which properties are about to be sold. Some of them run promotion in local newspapers. Meantime, others might work with real estate agents that keep their eyes peeled for possible buys. Some of the landlords might be joining a local landlord and property owner’s association to make contacts and good relationship. It is believed that when we begin to own rentals, all the other investors start coming out of the woodwork.

Making Money Online (The In and Out Guideline)

By using the Profit Lance System making money online can be a part time investment so that you have an additional income it can also be a full time investment the gains are totally up to you. The product that I am offering you is step by step the whole way so that you don’t need a college degree to make money on your own. Think about it how would you like to own a business, and have more money? Well I am practically offering you a course that does nothing but teach you new ways to earn money.

You will receive books that are free after becoming a member and you will receive numerous different ways to make money. I can guarantee you that you will earn money just following the course you will receive after becoming a member of this fast growing internet marketing tool. You only need one basic tool to make money on the internet and that tool is knowledge which you are guaranteed to receive through this program. I can personally guarantee this program since I am a member and I have already began to make money with this system.

With the Profit Lance system you will not need to be told you need to buy any additional programs or books you will have all the tools you need to start making money right away. This has been the first and only program that I have tried that has not been a scam all the other programs I have tried personally has sent you a couple of ebooks and then ask you to purchase more books and programs. Since I have tried Profit Lance I have had a whole new look on internet marketing.

Build A Cash Pool For Your Home-Based Business By Following 7 Simple Rules

Although your income statement might show a healthy profit, it doesn’t amount to a hill of beans if you have no cash flow.

One of the biggest mistakes made by new home business owners is allowing clients and customers to buy now and pay later. In other words, extending credit.

Credit is for banks and large corporations, not for you as a home-based entrepreneur.

Cash flow is the lifeblood of your business.

Without it, your business will wither and die regardless of how many sales you’ve made or how much money is owed to you.

Cash flow represents the amount of money coming in to your business through services rendered and products sold, and money going out to cover expenses and production costs.

Your primary responsibility as a home-based business owner is to ensure the flow is consistent with more money coming in than going out so a pool starts to form to hold the overflow.

This overflow is what allows you to make early payments so you can benefit from vendor discounts, to take advantage of special deals, capitalize on newfound opportunities, and easily cover unexpected emergencies.

As soon as cash flow fails to produce the surplus funds you need, challenges arise and stress and overwhelm quickly follow.

Integrate these seven simple rules to your operating strategies and enjoy the benefits of a steadily growing cash pool.

1. Request payment prior to delivering your product or service. If your service is delivered over an extended period of time and asking for a one-time payment in advance isn’t realistic, divide the payment into segments and request payment in advance of each new time frame.

For example, if you provide weekly house cleaning, consider requesting payment at the beginning of each month in advance of providing your services – or suggest three or six months payment in advance and offer a discount as an incentive. A mere 10 percent discount over a three-month period could put an extra $100 or more into your client’s pocket. Many will jump at that deal.

2. Pay every bill on time to avoid late payment charges and earlier only if special payment discounts apply.

As a hair stylist working primarily with cancer patients, imagine spending one thousand dollars a month on wigs. If the supplier offers 2/10, net 30 as payment terms, you will save two percent by paying your invoice within ten days. That might only be $20, but over a year, it adds up to $240.

Take advantage of this incentive with every supplier that offers it and you could keep thousands of dollars in your business that you would otherwise have spent.

3. Deposit payments as soon as you receive them. Instead of making one or two trips to the bank each month, make them daily or weekly. Letting checks lie around increases the risk of loss. Also, go to a teller when making your deposit. Using an ATM machine removes any evidence you deposited real cash or checks. An employee or technical error or internal theft could create problems you simply don’t need.

4. Use a business credit card whenever possible for travel, meals, and minor expenses. This leaves more cash in your hands and defers payment. Using a card that awards travel miles also helps you cut future travel costs. I’ve enjoyed cruises and free flights to business conferences thanks to air miles.

5. Create continuity sales. Build a product or service into your business that your client could use on a continual basis. For example, if you run a bookkeeping business and your clients struggle with cash flow, recommend bank reconciliation services every month.

Many clients hand a box of receipts to their bookkeeper at the end of each year and cross their fingers hoping they did well. Helping your clients understand exactly where they are each and every month is an exceptional service that many will jump at. One client at $30 a month would give you $360. Ten clients at the same amount, paid in advance would give you $3,600 cash at the start of the year.

6. Create something that allows you to do the work once, but profit from over and over again. For example, many of today’s business owners are creating e-books (electronic books) and audio recordings sharing valuable tips, information and knowledge that improve the health, happiness and prosperity of others.

Selling electronic products online removes production costs and provides a steady flow of funds into your business.

7. Invest your overflow. Once you have built a comfortable overflow, consider investing some of it to make it grow even faster for you. Letting a large sum of money sit in your bank account does nothing to accelerate growth. Talk to an investment professional and find out how you can make that money work for you.

Start with these seven simple rules and get creative. Brainstorm ideas for special offers, continuity programs, passive revenue streams and investment possibilities.

Get input from professionals, mastermind members and your coach. You can do it. They can help.

2007 © Laurie Hayes – The HBB Source