Insurance and Credit

Grammatically, future is all about the time to come but truly, it is a process to follow. You don’t need to wait for future to come. Future is not worth waiting for because it doesn’t just come. You need to go towards the future. It is about attitude; it’s about steps to take.

If you don’t form your future by yourself, a negative future that you don’t desire will be imposed on you. If you wait for your future to come then fate becomes your syllabus – it brings whatever it likes to you. You have to choose and create it.

If you don’t lay a good foundation for it then you are bound to have cracks on it just like a house that has a shaky foundation.

Vision is something that gives you a future. Vision is something to live for. That is, without vision you are as good as a dead man. It’s vision that gives your life a motion and an attraction.

Vision is ineffective without knowledge. Vision is about where to go but knowledge is about how to get there.

Vision is like the human skeleton while knowledge is like the flesh which gives it beauty and attraction.

So, you need to go for relevant bits of information if you truly want to create a wonderful future for yourself. It is the relevant bits of information that gives you the knowledge of how your future should look like. It is the same knowledge that drives you it effortlessly.

Have you noticed how anytime you walk in to a book store and find your way to the business or financial books all the views that are expressed in the titles are very similar??? In one way or another they all call out for a monetary version of bloodshed. I mean the titles are about “how you can crush the other guy”or “it’s not personal its business”, “How to come out on top” etc etc. Years ago when I got into the real estate investment game I spent hours looking thru the book titles. Trying to find the one book that would teach me how to become that REAL ESTATE INVESTING GOD I knew I could become. After reading many of the most popular books of the time I actually would feel beat up over the content. I mean did I have to be a “take no prisoners” type of investor? Did I have to prey on some one else’s misfortune?? The answer was no. However I did need to learn to take somethings to heart,and NEVER let go of them. I liken it to building my investment suit of armor so to say. So I set out to build a list of my investment rules. We each should have our own set of investment rules. It will help you keep the animal investor inside of you in check. In my case,being that I am a VERY competitive aggressive alpha male type personality I need rules that would keep me “Human”. My own set of personal laws that would keep me on the “non predatory” path. Doc’s Rules for investing:

1) Set up personal guidelines: Define and follow your personal guidelines. This is the most important rule I have. My guidelines define the investments I will go after as well as the amount of investment I’m willing to part with to get it. It outlines my investment strategy as well as how I want to conduct my investment business. Things to include, but not limit you to, are: Top dollar amount and lowest dollar amount. Type of investment you want to deal with. Period of term for investment.. Etc etc. (Between you and me I even have a guideline about the amount of time I will work per-day)

2) Remember some ones family is behind the deal you?re working on. Simply put,whoever you are dealing with has mouths to feed. Don’t forget this. Just because you can get a great deal on a house because the current owner is in a facing some sort of adversity that is causing them to sell below market value, doesn’t give you license to kick them when they are down. Treat everyone with dignity and respect. If the price they are offering still falls within the personal investing guidelines you have set for yourself don’t use your position to abuse the seller. If you are getting the house for .40 cents on the dollar,don’t be a jerk and push for .38 cents. Always remember…it could be you in the sellers postion. (This rule DOES NOT come in to play when dealing with a bank owned property)

3) Always ask for what you want. No where does it say you can’t ask for something in an investment deal you like, I.E. if you’re looking at a piece of real estate with a pool,ask the seller if they would be willing to throw in new carpet to the sale. I once met a investor who was looking at a house that had been on the market for more than 6 months. When he went to talk to the seller he happen to see a 1954 Merc Coupe in the garage, so he asked if it was included in the deal. The deal eventually closed for the house AND the car. 4) Offer everyone the chance to make money as a bird dog for you. I always give several of my business cards to anyone I do business with and offer them a portion of any profit I make from any investments they help me locate. You would be amazed at how many people are willing to help you make money when they get a small part of it for doing very little work. (And if you follow rule #2 you will be amazed at how many of those bird dogs will sing your praises from the highest mountains)

Just some ideas of things to keep in mind when you’re working on your investment mindset. I have used these rules over the years,and in many cases they, have gotten me more return and repeat networking opportunities then I can count.

Property investment provides a steady income and a nest egg. The first step in successful property investment is to find the real estate that will bring you the greatest return for the money. We have four tips for finding bargain real estate that will get you a decent return on your investment.

There are plenty of possibilities for investment property, but not all properties are created equal. You may want to see a property coach to get expert advice when it comes to your property investing projects. These firms offer a myriad of services, including picking out positive cash flow property to how best you can administer your real estate. Buyers agents can also give investment property advice as regards the best kinds of real estate and locations.

You can definitely spot positively geared real estate just outside major capital cities. Try focusing your search to only a few suburbs, to make sure you get a better understanding of exactly what properties are worth in those suburbs. That’s the best way to find bargains as soon as they hit the market.

Property investment also means knowing the right locations for your real estate acquisitions. A newly developing location in Sidney may seem like a great risk, but it may be better to purchase in areas with the customary infrastructure already set up as these to lower property risks. This is because real estate rates in growing areas generally tend to be on the rise. Selecting areas with established track records are in general the best buys for property investors.

When it comes to how to invest in property, most newbie investors get confused on whether they should buy units or homes. Units may look like better options now (thanks to rental income opportunities), but for the longer term, houses may actually be better investments. When comparing these two properties, check the land involved. When you acquire a house, you also possess the land on which it stands. This is not the same story if you opt to buy units. Not having land may negatively affect the value of the property in the long run and may even confine the renovations you can do to improve its value.

Property investment seminars will also teach that investors need to consider necessary renovations when figuring the value of a property. In general, not scrimping on renovations means long-term tenants and better appreciation potential. However, renovations can be costly and the price of the work should be figured into the initial investment. By choosing properties wisely and renovating for quality, the value of real estate should bring a good return.

Property investment is a lucrative venture when it is done right.