Certainly before you actually buy any properties in whatever neighborhoods you look at, you’re going to want to find the ones with the best chance of staying rented because it fills the the needs of the most prospective tenants. Here is a practical example. A four-bedroom home can also fulfill the needs of every potential renter [...]
There just is no other way. The only tried and true method for scouting our your surroundings is to go out and scout them. Try obtaining maps of unfamiliar areas from local banks or chambers of commerce. Ask a real estate broker for help, and then go on your own to learn more about your surrounding [...]
Knowing the territory comes from your knowledge of the overall market place. Once you know the whole market, you’ll be better able to find your investment “niche.” Here is a workable plan for you to acquire the knowledge you need in order to find that niche in two or three difference neighborhoods. Suppose your goal [...]
There is an old saying in real estate: “The three (3) most important keys to success are location, location, and location.” And your best chance to succeed is to know all three of them. If you’re going to succeed in this market, you have to know the market place. You have to know the territory. [...]
SECURING BANK LOANS UTILIZING C/D AS COLLATERAL Shortly after each bank issues you a check for the loan amount, they will send you a repayment book in the mail. What this resembles is a coupon book that a supermarket might honor, but you’re not getting anything here–you’re paying something. Now your best strategy is to beat [...]
Here’s another idea for improving your credit. Go to two or more banks and invest in a certificate of deposit (C/D) at each bank. But first learn the absolute minimum amount for an installment loan each bank will grant to you. Then buy the C/D for that amount. If each bank will make a $1,500 [...]
If you don’t have a credit card, you really should get one. Today, almost everyone in America has one, and so should you. Using a credit card is an important way to build better credit. But if your credit rating is so bad that you can’t get a credit card, don’t worry. Help is available. [...]
