Monthly Archives: September 2009

Author : Carlton Johnson

Should property investors still be buying properties in the current property market? This article endeavours to explore this question and answer it once and for all

In the last few months many lenders have made it increasingly difficult for new entrants to break into the buy to let market The credit crunch has hit lenders hard and in response they have hit the buy to let investor harder

Banks don t trust each other and therefore are no longer freely lending money to each other; this is having a knock on affect on their lending to the general public and investors

The number of mortgage products available has decreased by almost 75 since April 2007 Significant players like mortgage express have pulled key products leaving many buy to let landlords wondering how to make their next property purchase stack up

Every Tom, Dick and Harry seems to be claiming that they can be the solution to the property investor s financial problems and that they can still offer products like instant remortgaging Investors have become weary of these deals and promises because they know some of these deals maybe bordering on the fringes of what is lawful

Should You be buying properties at the moment?

Well it depends on what your strategy is Are you a buy to let investor who is in this for the long run? Can you handle the negative comments in the media and not have a heart attack every time you hear the words Property Market Crash ? If you answered yes to both these questions, then you should still be buying

However, you should be analysing your strategy, as it might need tweaking in the current market conditions By following the guidelines below you stand more of a chance of building a robust portfolio at this time

Focus on buying for more than 25 below market value

Focus on buying lower value properties with good rental yields and positive cash flow

Stay away from anything off plan, or anything that it is difficult to get comparisons for

Don t release equity and put it all straight into your next purchase, begin to build up a bit of a cash reserve to help you weather any storms if things get any worse

NEVER, miss a mortgage payment At the moment if you miss a mortgage payment on any of your properties, you are probably going to decrease your financial options even further Lenders are being more stringent with applicants than they used to be and the odd blemish on your credit file that you might have been able to get away with before may now stop some of your mortgage applications in their tracks

You, have to be looking at maximising your return Buy properties where you are able to simply and easily rearrange the internal structure Doing things such as moving internal walls around to create added value such as an additional bedroom, could be crucial at the moment Do everything you can to entice the buyer

Consider advertising that you will pay stamp duty and all legal fees, this can be the difference between success and failure in the current market place

For the investors that understand the property and financial markets and learn how to work with them in any and all conditions, the next few years promise to be times of learning and expansion, not contraction Yes there are difficult times ahead, but out of huge challenges can come tremendous growth

If you have hit an impasse, use all your powers to work out how to push through it Maybe you need to learn a new skill such as lease options, sale and rent backs or investing abroad Be adaptable, be resourceful, ask questions, learn from others, do joint ventures, make up your mind to push forward not go backwards

This is when the men get separated from the boys, the novice investors from the professionals and tomorrow s property multimillionaires from the I could have been somebody crowd

To learn more about how to invest in property successful, visit the http://www.investment-property-guru.com/ website for more tips, advice as well as a free deal analysing spreadsheet to help you analyse property deals easily.

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Author : Damian Lanfranchi

I’m writing to you now from my our temporary home in Cliffwood Beach, NJ Finding motivated sellers is great, but not good enough To make real estate profits, you still need to sell your properties to turn your potential profits into actual cash

So I want to share with you a very special strategy for selling your properties I call it the ‘Pre-Done Property Differentiator Technique’ Before we get to that I want you to understand a few things about what makes people buy homes in the firsts place

I hope they will help your properties stand out even in the most crowded market You’ll be able to attract more motivated buyers, and more serious offers to your properties They’ll allow you to command a higher sales price

And it will all take you less than 18 minutes The best part is that is absolutely free Now this all sounds pretty attractive right? Well it’s gonna knock your socks off Check this out

I’ve got a new term for you guys; ‘Housing Market Commodification’ which is a phenomenon where in a certain area, for whatever reason, potential buyers start treating those houses just like commodities Everybody focuses on price, price, price

The slight differences between them are ignored and the same value is assigned to the whole lump of houses What that means for you as a Real Estate Investor is the only way you’ll sell your property fast is by selling it for the lowest possible price Otherwise, in a commodified market, it just doesn’t sell OK so we have to talk about how the heck do you beat this Housing Market Commodification?

TO IMPROVE OR NOT TO IMPROVE

Now a lot of folks try to beat the Housing Market Commodification by just making a lot of improvements and modifications on their home This is especially true of motivated sellers Now that’s a good strategy, sometimes But not always There are two problems with this

First of all, when a market is highly commodified, even with all the improvements and add-ons, new features and upgrades you add to a property, also become commodities Everybody just expects that every property is gonna have it! Secondly, the problem with using that strategy to try to beat the Housing Market Commodification is that it eats into your profits You’re spending even more money And you’re gonna earn less at the end of the day There’s gotta be a better way

In order to find a better way, we need to really need to get to the buying process that a potential home buyer goes through before they decide whether or not they’re going to buy your property

LET’S GET PSYCHOLOGICAL

When it comes to closing deals, there’s a lot more you need to look at than just is this a motivated buyer or is this a motivated seller If you’re familiar at all with the psychology of selling, you know that buying is an emotional decision Of course there’s some logic and rationale involved But at the end of the day, people buy with emotion, even more so with a home There’s so much attached to it; family, finances, etc so many different things

Now let’s take a step forward and look at the emotions that make folks buy a home and what are the emotions that prevent people from buying a property

HOME GO’S VS HOME NO’S

Well I group them into two categories The first I call, the ‘Home Go’, emotions that make people want to buy your property One of them is a feeling of excitement, something new; a new property, home, neighborhood, a new opportunity, It’s all very exciting

Another emotion is hope; hopeful that the home will fulfill their needs for themselves, for their family, for their security Another great emotion is imaginative Yeah, imaginative That’s, when somebody comes into your property, into your home and can start picturing themselves in the home Wow, I can imagine coming home and sitting on the porch here I can imagine this being the new room for our baby These are all emotions that draw them to your property, that make them want to make you an offer

On the flip side we have ‘Home No’s’ Those are the emotions that keep them away Fear that they might not be able to handle the property, that it might not be everything they’re looking for or that they’re making the wrong decision

How about feeling overwhelmed? For most people buy a home is the largest financial decision they’ll ever make in their life There are a lot of lawyers, potentially Realtors, Agents, Mortgage Brokers involved; lots of money; a lot of paperwork

The more overwhelmed they feel the less likely they are to make an offer to actually go forward There’s also feelings of being skeptical Can I really trust this person selling me the property? Is this property really good? Am I gonna run into problems with it along the way?

Now the whole key to getting people to buy your property is knowing how to get people over all these Home No’s To do that you’ve got to make a little discovery You see, when we look at theses different emotions, whether it’s fear, whether it’s feelings of being overwhelmed, feelings of skepticism, they’re all linked together by one common thread, and that’s uncertainty

Fear, feeling overwhelmed, and skepticism all come from uncertainty I don’t know If I’m in danger; if this is a bad move I don’t know if I have enough time, and responsibility to take over this property I don’t know if I can trust this person, this property

If you can find a way as Real Estate Investor to defeat this uncertainty which; by the way, is gonna come to that special technique I was sharing with you a little bit earlier You’re gonna sell more properties You’re even gonna be able to command a higher asking price for your properties

Now that you know about theses Home Go’s and Home No’s, please read the 2nd part of this article entitled ‘Pre-Done Property Differentiator Technique’ I’m sure it will help you and your Real Estate Investing business flourish

Damian Lanfranchi has pioneered the R.E.I. Done-For-You Deals System, the only automated multi-media video marketing system that lets investors get deals with no work.

Every week, he educates 1,000′s of investors with his revolutionary techniques.

http://www.dont-tell-mom-i-invest.com

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Author : Daniel Major

When you are in credit debt, the world can seem like a hopeless and cheerless place Everything revolves around paying that debt, how you are going to pay that debt, or worrying about the consequences of not paying your debts

These are very tough economic times, and they are going to get tougher still It is time to start checking on debt consolidation information and get your bills paid now You do not know what tomorrow will bring and it is important that you prepare yourself for tougher times by saving money

Until you get all of your debts paid off, this is not going to be possible, and you will be unable to prepare for times that are more difficult

If you are wondering what options that you could possibly have, you should begin by collecting debt consolidation information off the Internet You will learn that there are things that you can do immediately to improve your situation

To begin with, you need to determine if you want to consolidate your debt This can be done one of two ways, through credit card consolidation loans, or through credit counseling services Both are legitimate ways to consolidate your debt, however, a loan may not be the answer for two reasons; the first is that you may not be able to get a loan because you have too much debt already

In addition, if you have anything less than stellar credit, most banks will not help you in these difficult times

If you do not meet the criteria to consolidate credit card debt via a loan, then perhaps you should get debt consolidation information on credit counseling services These are services that provide you with two things; a way to make your debt more manageable and counseling to help you live within your means in the future Both of these go hand and hand for a debt free future

Debt consolidation information will show you that making the choice to become debt free will relieve a great deal of stress from you mind Paying off a bill can feel much like Christmas or the Fourth of July

There is just something special about getting out of debt, and doing it without accruing more debt is even better Take the time to gather debt consolidation information and make the decision for yourself to take your fist steps towards becoming debt free

Do not wait another day; reduce your stress today by taking charge of your life!

For more information about debt consolidation and a little known debt elimination method so effective that the banks and lenders have kept it hidden, visit: http://www.creditcardconsolidationloanssite.com

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Author : Tristan Andrews

Collecting money is harder than it looks It takes more than a couple of ledgers, calculators and assistants to get this kind of task over and done with This is especially the case if you have a running business which also calls for a significant amount of your attention If ever you find collecting too much work – then you better turn to the services of commercial collection agencies They are your helping hands when it comes to efficient monetary transactions in a blink of an eye

Through them you will be able to achieve monetary gain without any hassles or stress To get closer to your goal’s accomplishment, you just have to pick the right commercial collections agency These are companies which have made a name by properly, ethically and efficiently collecting other people’s money Of course, it will also be helpful if you get to know their track record when it comes to delivering collected money to clients Once you properly assess all these, you will be able to pick a pro worthy of trust in no time

Once you have a trusty collector by your side, it’s time for you to lay down the cards Just give them orderly lists of all your collectibles After that, they will decisively and systematically recover all debts in no time This will spare you from irresponsible customers who forget their end of the deal after you’ve delivered goods and services They will bear the burden of dealing with swindlers and scoundrels while you sit pretty in your offices, just thinking of ways to expand your business

Commercial collections agencies will also bring you much relief when it comes to legal battles and all those kinds of concerns As your collection representatives, they will monitor payment performances by your customers and debtors As such, you won’t have to spend as much effort recovering payment – moreover suing people who do not deliver

What makes these services handy is the no collection equals no payment policies most agencies offer This equal status relationship places you and the collector on equal ground when it comes to the fulfillment of your goals When they fail collecting the sums you asked them to, they won’t pay you As such, you are never in any risk of being ripped off Never will you have to shell a single penny, unless it came from the collections they deliver straight to your doorstep

Now that you know all these and more, the decision should be clear All you’ve got to do is exercise it Make sure that you go straight to a reliable collections agency which can give you all these and more – if ever you are having trouble with your collections You can never go wrong once you take note of all the things you just read Remember, this is a no risk, no payment deal All that it can do is lead you and your business to financial growth

Tristan Andrews writes useful articles about debt collection agencies. Find out how using a collection agency can expand your financial horizons at http://www.collectionagencyservices.net

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