Category Archives for "Lease Options"

5 Steps To Become A Millionaire

Ever thought about you being a Millionaire? Ever thought about what it’d take to become a Millionaire? Anyone ever shared with you how you can become a Millionaire? Interesting questions right?

I’m not sure about you, however no one ever sat me down and said, “Steve, this is what you need to try and do if you want to be a millionaire.” I’ve had to struggle through my life just like everybody else. The only difference is I’ve made many sacrifices in my life to learn from the right people, I’ve read lots of books to expand my knowledge and value to the world and now i’d wish to take a few minutes to share with you 5 Steps to get you started so you can become a millionaire.

1) See Yourself already As A millionaire

Long before you can ever become a millionaire, you need to start visualizing yourself as a millionaire. Who can benefit from you being a millionaire besides you? How can you help people? What will you do with the money?

These are vital questions. you can’t simply need to be a millionaire and poof you’re one. Sit down and make a vision that you will see in your own mind of you as a millionaire. Think about is so much that you simply will see what you’re wearing, what you drive for a car, who you’re surrounded with and what house you’re in.

The a lot of details able to clearly see in your vision the a lot of your mind will be able to help you start making it your reality.

2) Change Your Friends

This one may be very tough for lots of you who are reading this. I don’t need you to suddenly tell your existing friends they’re not worthy of your time. However you do ought to understand that you can stay at a success level of your closest friends.

If your closest friends make minimum wage, pick apart your dream and have none of their own, however seemingly does one think that you can become a Millionaire? If you begin hanging around with folks that need success, who attempt for their goals in life and build a ton of cash, you will be forced to change. This may very help change your outlook and assist you to begin thinking like a millionaire.

3) Stop concerning Yourself With What people think about You

Many people never take action because they’re afraid that their closest friends and family can find out what they’re doing. They’re afraid they’ll even laugh at of them. after they resolve you really have dreams and are working towards them, some of your friends could slam your dreams and be jealous.

Stop concerning yourself with what they think. You and solely you know what you wish, what you need in life, that you need to be a millionaire. Simply because they’re not willing to put in the time and energy to become a millionaire, doesn’t mean that you cannot go for it.

You have to look out for yourself. Besides, once you become a millionaire, believe however you will be ready to help inspire others to do the same as you did. however would that feel?

4) Believe in Yourself

OK, thus you now have a vision for yourself of you being a millionaire. You have reached out to some new friends who square measure a lot of successful than you and never give up on their goals. you’ve got stopped concerning yourself with what others think. Now, you wish to start believing in yourself.

One good way to start basic cognitive process in yourself is to use affirmations. Think about the steps you wish to go through to become a millionaire. Write down the first few that will be best to accomplish on a chunk of paper. Then re-write them nightly before you attend bed and once more once you first get up. This can be once your brain can best use the information. Write them as a question and kind the question as you’ve got already accomplished them.

This can start training your sub-conscious that you already have accomplished these affirmations and your mind will help you begin making them your reality.

The sooner you suspect you’ll be able to very become a millionaire, the sooner it’ll very happen. the sole one who will make you a millionaire is you. begin believing in yourself today!!!

5) Take massive Action

Once you’ve got your vision of you becoming a millionaire, it is time to require massive Action. it is not time to tip toe around and believe how to become a millionaire. It is time to get started and very go for it.

Remember although, this may not happen long. this can be a marathon, not a sprint. So please pace yourself. Do you assume Tiger Woods became the world’s best golfer by hitting 1,000,000 balls in a month. No! He hits thousands of balls each single week. He took large action each single day to get to wherever he wanted to be. you can do the same.

Imagine working less than an hour per day and growing a web business which will enable you to become a wealthy person. Imagine attracting 10-20 latest leads every day. Imagine sponsoring 5-10 new team members per month, while not ever bothering your family and friends or making an cold calls to an unmotivated generic business chance leads. Imagine finally utilizing a proven attraction promoting system literally sure to produce result when result once you have it set up.

Source: ezinearticles

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Rent or Buy? Which Option Makes Sense for You?

If you are the individual who is weighing the option of buying or renting a house, you need to consider a few factors. Your financial situation has to be assessed for your long-term planning and that it is not that simple as well.

Understanding your house budget and expenses

It is wise to review your household budget in comparison to the expenses before you begin looking for a new house. You have to find out how much can you afford to pay for accommodation without putting a burden on the budget.

You simply cannot go for rent or mortgage payments if you are unable to pay them on time. Several factors are involved both for renting or buying that should be considered prior to making a decision.

What are the requirements while renting or buying a house?

Your credit history and credit score are crucial and that they will be looked upon by the rental agency or the landlords for the mortgage or rent. You will be checked whether you are can pay the bills on time and are not overdue with the loans or the credit card balances. You have to check your score and credit history before applying for the apartment or the mortgage.

Other factors that are important include your strong employment history, W-2 forms and current bank statements that have to depict a good picture. A few rental agencies require professional or personal references as well as background check and contact information from the previous landlord respectively.

When is renting a viable option?

If you have uncertain employment: According to Evelyn Zohlen (financial planner), if you are unsure about your living paycheck and job situation, it is best to save money for the future living expenses. This will help you to build an emergency fund for you as well.

Limited funds: Renting is the better alternative when you do not have enough money for making the down payment or for managing the additional costs of owning the house.

Short time frame: If you have an assignment that lasts two years or you plan to move abroad in a couple of years, then renting a house is a better option.

When is purchasing a house a feasible option?

Buying a house only makes sense when you have the ability to cover the additional costs for owning a house. It is vital that you pay the closing costs and the down payment before you buy a house. It is seen that many banks receive a 20 percent down payment. This means for a house that costs RM250,000, at 20 percent the down payment will be RM50,000. So, the total amount includes percent in commission and another one percent in closing cost as well.

But if you have much debt, you should not put your savings for the down payment at all. It will be better to pay off the entire debt first until you get a better financial position for yourself. If there is no debt, then you need to work out the buying or renting options in detail.

Source: Ezinearticles

For more information please visit : http://bit.ly/propertymillionaireintensive

Useful Tips on Buying Investment Property

It is important that you are knowledgeable when you plan to buy investment properties. as much as possible, you have got to fully understand what you’re about to enter into. Through researching about the subject, you’ll be able to be wiser in making your final decision and the purchase method will be easier for you to undergo. Seeking for help from the professionals also can lead you to good results. People such as the legal counsel, accountant and property broker are those that you’ll be able to count on. However, it’s still best if you’re assured enough that you just grasp one thing regarding this stuff since you’ll protect yourself from being mislead. There are cases that folks sometimes can direct you to make wrong choices through their marketing strategies causing you to regret later on.

When you purchase investment properties, the very first thing you need to do is to know the kind of investment you want. There are big range of decisions. These are industrial properties, commercial properties, raw land, rental lodging, condos, mobile homes and plenty a lot of. you merely ought to make certain what you plan to do in the future.

In this type of endeavor, you’ll sure come across with risks and bonuses on the way. If you’re still novice on real estate investment, a good way to begin is buy rental apartment or apartment building. This could be less complicated compared to those realities that need deep understanding and thorough analysis thus you can end up thriving.

When you are about to shell out your hard-earned money, you have got to sure that such property that you just are supposed to invest on ought to give you the best chance for regular profit. One nice issue regarding investment properties is that they’ll stabilize the prices and help you manage your budget. this could be a good begin for beginners.

The location is very vital decide that property to buy. Find areas that are advantageous once it comes to employment. Your tenants can sure would like something which will provide them a good supply of income. Thus, once your property is simply right next to commercial establishments and offices, they’ll simply notice for employment.

Aside from the employment opportunities, common business centers like schools, shopping malls, transportation and others ought to even be right around the corner. This can be more convenient for your tenants. They are doing not ought to go out of their way whenever they have something. Will undoubtedly get plenty of inquiries if your place can offer them the ultimate comfort and convenience once they stay in your pad.

Of course, your safety ought to even be part of your priority. Regardless of how excellent the place is that if the rate is relatively high, then this can still affect the tenant’s decision. Since renters will lease a place that will be their home, this should be the safest place for them.

The tips discussed above are some of the many things you ought to consider when buying investment properties. It pays if you conduct extensive research before entering into this endeavor. Although there are options for beginners, however it helps if you fully understand what you’re about to engage into. Knowing all of these things can lead you to success.

Source: ezinearticles

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Capital Raising

Capital raising has many pitfalls. To avoid some mistakes that others have made in the past, here are our top three, most costly capital raising mistakes:

Capital Raising Mistake #1: Having a 2-4 month capital raising goal.

It is important in the capital raising game to set concrete goals and timeframes for meeting those capital raising goals. Otherwise, you may drift along without any real sense of whether or not your efforts are paying off and if you are on track to meet your ultimate goal of closing the fund. Moreover, setting a goal of just 2-4 months is unrealistic and the wrong mindset to go out of the gates with.

You need to plan, build relationships, educate potential clients, and design high quality marketing strategies and materials for the long term. Make plans for 12-24 months and beyond, and make sure that you are maintaining those relationships even after your current campaign ends so that you can be ready to start the next one. While it is important to set goals for a reasonable timeframe, I prefer to view capital raising as a constant cultivation and nurturing of relationships. In a relationship, either business or personal, you typically do not impose an expiration date on that relationship. Why would you do so when raising capital?

Capital Raising Mistake #2: Counting on building a track record and then simply hoping to outsource all marketing to a great third party marketing firm or placement agent down the road.

This puts all of your eggs into the one third-party-marketing-basket. Third party marketers have hundreds of potential clients approach them each year. It is risky to assume that one will not only take you on as a client but actually raise a sustainable level of capital for you.

The second hidden danger of this strategy is that you maintain an infant-level of capital raising experience and knowledge until you start actively raising capital. You need to start moving up the capital raising learn curve immediately. Even if you rely primarily on third party marketers, investors require near-constant affirmation that they have invested their money with the right manager. This demand of regular attention is often at odds with the other demand that investors have, which include full-time attention to managing their capital. This can often frustrate a busy fund management team who prefer to simply focus on investing assuming investors will be satisfied as long as the returns are strong.

Instead of simply ignoring the problem in favor of focusing wholly on investing, the management team can instill greater confidence in their investors and cut down on the investors’ questions, concerns, and requests for updates by proactively communicating and interacting with investors on the GP’s schedule. I have known many managers who are brilliant traders and money managers but put little effort into developing as communicators and marketers. This makes the capital raising process more difficult when introductions are made and may even hurt current client relationships. By improving your own marketing and communication skills, you can more easily assuage investor fears and doubts, instill confidence in new and existing clients, and reduce the amount of time spent answering questions that you could address proactively.

Capital Raising Mistake #3: Under-estimating the value of a first name basis relationship with your top investor prospects.

Some professionals, especially those with technical backgrounds, think that marketing is a numbers game: you simply contact thousands of investors and you’re bound to come up with a few interested LP’s. This is only partially true. At times, you might have to reach out to many to develop relationships with a few investors, but relationships are at the core of everything that gets done. Most private equity firms we’ve worked with have found that by maintaining a strong, active relationship with a core group of limited partners. This way, the capital raising process is much easier when it comes to your next round as it doesn’t feel like a call for money. It is an investment opportunity from a close contact with an existing relationship. You can then use a database of new investors to supplement your existing network and start fresh relationships with less pressure to close immediately.

I’ve found that it’s best to upload my database of investors into a CRM system that allows me to keep real-time notes on my investor contacts and set reminders to stay in contact-that way I know I’m always keeping up with my best relationships and can better strengthen that relationship going forward. Investors like to place capital with people they know and trust, the more investor friends you have the better.

By following this approach and avoiding the mistakes highlighted here, capital raising becomes a much more effective process and hopefully more lucrative for all involved.

Source : Ezinearticles

For more information please visit http://bit.ly/propertymillionaireintensive

5 Common Residential Finance Questions of Home Buyers

No matter where you live, a home is a basic requirement and a necessity for life. Sadly, no necessity is available free of cost. If you want to buy a home, you need a home loan. Don’t think applying for residential financing is difficult. It’s simple when you read this article. It includes answer to the most common questions asked by home buyers.

1 – What Type of Residential Finance is available to you?

Today there are several types of loans in the field of residential finance.

• Owner Occupied Residential Purchase

• Residential Investment Purchase

• First-Time Home Buyer

• Renovations, Extensions and Construction Purposes

• Refinance of your Existing Loan

• Debt Consolidation of your Existing Home Loan Debts

• Home-Equity/Cash Out purpose

• Restructure your Home Loans with Current Lenders/Credit Providers

2 – What are Features of Residential Finance?

Each lender/credit provider offers different interest rates and finance/loan conditions. Residential loan packages often incorporate many of the following options and features for you to consider:

• Variable or Fixed Rate Loans

• Interest Only or Principal & Interest Loans

• Combination (Split Loans)

• Line of Credit

• Offset Account

• Impaired Credit History

• Redraw Option and Access Availability

• Non-Conforming Loans

3 – What is Home Equity/Cash Out? How can it benefit you?

A Home Equity/Cash Out can unlock relatively large amounts of money for borrowers who want to borrow against the value of their home or property. More and more consumers are finding this type of finance arrangement to be very attractive. Such loan programs are very easy to qualify.

The concept of how Home Equity/Cash Out works for you is best explained by the following illustration. The illustration also assumes that you have an existing residential finance loan on your home or property:

The value of your home or property is valued at: RM800,000

Less Your current home loan balance owing: RM350,000

Your home equity amount is: RM450,000

From the example illustrated above you can clearly see that you have RM450,000 equity in your home or property, which you can use to:

• Buy your second or third investment property

• Invest in shares or managed funds

• Renovate, remodel, or otherwise improve your existing home and property

• Purchase vacant land and construct a new home on the vacant land

4 – Why Pre-Approval is better in Residential Finance?

With a pre-approval, you will have the peace of mind knowing that:

• You have a clear picture of what your borrowing limits are

• Your finance request has already been pre-approved and you will know the conditions of your pre-approval

• You have the upper hand when negotiating the sale price with the vendor, real estate agents, etc.

5 – How to get Lower Rates on Residential Finance?

Getting lower rates on home loans is very simple. Take help of the internet. There are many online companies that provide residential finance opportunities. Because of heightened competition in the financing market, lower interest rates are offered. Also, web companies offer faster approval because of their online nature of business.

So, these are the questions that often trouble other home buyers. But, now that you have answers to them, finding an affordable residential loan will be easy for you.

Source : Ezinearticles

For more information please visit http://bit.ly/propertymillionaireintensive

Lease Purchase – Secrets of Buying a Dream Home Through Lease Purchase

Buying a home gives happiness to any individual soul. Perhaps, there is nothing like the one that belongs to you. It is always a tendency that is built in the human beings that things that we own are really close to our heart and mean something entirely different. Many of them just dream about owning a home. Only some of them live it. Are you ready to live it?

There are some possible ways to make sure that even a middle class person has access to own his home. Lease purchase and lease options have made it so simple to buy homes that almost all of them are considering these options today. To top it all, the real estate market is not doing very well off late which has caused them all to opt for these different methods.

So how are you going to buy that dream home?

Knowing that Lease purchase is one good option, you can go by it. But before getting into it, you should question yourself if you can do this without facing any difficulties. It is important that you analyze your financial status completely and make a brief note on all that you are capable of doing.

Possible approach towards owning a home:

You have to sit down and calm yourselves first. Later, make a list of your monthly salary and try to learn how much of it you would need to maintain yourself throughout the month. Include all the possible expenses in it. Try to see how much you can save from your monthly salary. If it is well beyond the rental amount of money, then consider going for that home. Perhaps, this particular commitment might require you to cut down on some of the unnecessary expenses for some time. Of course, you are buying a home and this much of commitment is absolutely inevitable.

Later, do the reverse procedure. From your salary, eliminate the amount of money required to pay the rent. Later, from the remaining amount, refigure your budget. Stick to it completely. This is important because you will get an idea on how to manage your funds without wasting even a cent from it. It may really appear to be a silly thing. But, these small things can have a great impact on your buying capacity.

Within no time, say about two years, you will be a person who owns a home now! Remember, some things in life require a lot of dedication and patience. In the end, you will end up being the sole benefiter. That is fabulous right?

Source : Ezinearticles

Types of Commercial Real Estate Leases

Types of Commercial Real Estate Leases

Commercial real estate leases can vary significantly depending on the type of space and location. A business that leases space in the downtown area of a major city will have a completely different lease structure than a business that leases space in a suburban shopping center.

The following examples highlight some of the more common commercial lease structures:

o Gross lease: In this type of lease a tenant will pay a fixed amount for rent while the landlord is responsible for paying taxes, insurance and other associated expenses.

o Net lease: The tenant covers the base rent and a percentage of maintenance, insurance, and other operating fees.

o Triple-net lease: Typically written for a freestanding facility, the tenant pays all fees and expenses associated with the space.

o Shopping center lease: The tenant pays a base rate in conjunction with the square footage of the retail facility. Typically, the tenant will also pay some common charges and frequently a certain percentage of the gross sales. The tenant may also be assessed part of the property taxes. A shopping mall lease will often include terms about signage, hours of operations, common areas and deliveries. The landlord may also have the right to relocate the tenant.

o Land or ground lease: The tenant leases the ground itself and usually builds on the property. In the majority of land/ground leases, all improvements to the property including development of infrastructure and facility construction will revert back to the landowner when the lease ends.

Keep in mind that there are a number of variations on these types of leases. One example is if a company wants to lease office and warehouse space within the same facility. They might sign a universal lease that stipulates separate rent and lease options for both spaces.

Source: Ezinearticles

Millionaire Investor Tips

Becoming rich through property investing can be easy. Anyone can do it, but so few people even try.

Those folks that have become successful are happy to share our knowledge. it is a level playing field and there’s plenty for everyone. Once you have a property, other than your home, you’re on your way to real financial security.

When the worth of your initial investment property exceeds what you owe on it, then you’ve got positive equity. Your income can be greater than your outgoings. you’ve got spare cash to pay.

Do that and you may never become wealthy.

Your property portfolio is your business not a hobby. this is your baby and you wish to nurture it and watch it grow, strong and healthy.

Now that you have positive equity you’ll be able to refinance the first property to fund another. actuality investor knows where he’s going to invest next.

Find the next property even before the funds are in situ. In these early days it’d be wise to stick to the same property to your first purchase. you may already know what to look out for from your first experience.

The time to acquire a variety of properties can come in time, however within the early days, stick to what you know. Once you’re established you may discover that a large spread reduces risks and maximises profit.

When starting out it took me your time to find a loaner with whom I could build a long term relationship. As a new investor you’ll would like to use the loaner on your home. you’ve got a track record with them, but short, and this can give you something on that to build.

My initial mentor in property investment has his property portfolio valued every year, around his birthday. He subtracts his new age from 100. that’s the percentage of the valuation that he needs to owe to his existing lender.

This means that his percentage debt goes down as he gets older and his equity goes up each year. His lender is anxious to advance more money each year on what the lender sees as an ever increasing solid investment.
Keeping these things in mind can help you in getting closer to your dream of becoming a millionaire.

Source: ezinearticles

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A Guide To Successfully Buying Property

Buying a property, whether it is your first or fiftieth time, is a stressful process. For most people, buying real estate represents the biggest financial decision of their lives. Because there can be so much riding on this one purchase, it is imperative that you do the correct research and follow the correct procedures – a failure to do this can mean financial disaster.

Below is a brief guide to buying residential property. Consider this guide a starting point for your own research into buying property – information is your best friend in the real estate game!

Research

Research forms a solid base for any major purchase and the good news is, that you are doing some right now by reading this article! There is a variety of information you need to gather about your desired property and the local area before you commit to buying.

The first thing you need to do is look at the historical sales results for the suburb you wish to buy in. It is very likely that in the last few years a house very similar to the one you wish to purchase has been bought, or sold, in the local area. By comparing the historical prices paid to the current asking price, you can start to build a picture of the local market and decide if you are getting a good deal.

The next thing you need to seriously research, is the properties boundaries and any limitations on the use of the land it sits on. As people rebuild fences and conduct home improvements, the official boundaries can often be compromised. It is important that you are aware of the exact boundaries of the property you are purchasing – you can’t just rely on what your eyes tell you! In addition to this, local councils often place provisions on the use of residential land, such as specifying drainage areas and wildlife corridors. You can contact the council responsible for the suburb you wish to buy in to find out more about any land use limitations.

Inspections

Once you have done your research on the local real estate market and selected a property that you feel is a good deal, you need to start scheduling more in depth inspections. For this, you should hire a qualified building inspector. They will go over the property with a fine tooth comb, finding any major or minor faults, which may compromise the structural integrity of the house now, or in the future. If a house has faults, this doesn’t necessarily mean you shouldn’t buy it. However, you need to consider how much repairs will cost when deciding how much you will offer for the property.

Financing

Before you even start looking, you should have finance arranged. By knowing how much you have to spend, you will be able to focus your search on properties that you know are in your price range. Without positive confirmation of finance, you could just be wasting your own and everyone else’s time by looking at properties to buy.

Source : Ezinearticles

For more information please visit http://bit.ly/propertymillionaireintensive

Basics of Lease Option Investing

Lease Option is the abbreviated form of the appropriate term “Lease with the Option to Purchase. In a Lease Option, a buyer make and sign an agreement with a seller as a tenant and the owner in this case would be the lessor.

The tenant can take an option to purchase the property at a later date while leasing the property during the current time. When the option term is up, the tenant is NOT obligated or NOT allow to purchase the property , but the lessor cannot sell or rent the property to other people else other than the tenant because it is under the lease option agreement.

In order to to have a valid option, the buyer must provide some value things in order to make the option valid. Then in the option agreement, the 2 parties must agree on the price and the terms of the option when the option needs to be performed. So what that means is the buyer and seller should either come up with a purchase price before signing the agreement.

Some basic steps that how a lease option works :

  1. A active seller calls you when he is willing to do a lease option on his or her property.
  2. You provide an option and agree on the terms for a purchase price.
  3. You take out an option for 24 months.
  4. The seller’s mortgage amount is $500/mo and he is willing to lease the property for $700.
  5. The properties in the area are renting for $900, so you decide that you would want to take benefits from the lease option because you can make extra monthly income.
  6. You also purchase the option below market value so you have a winning deal.
Rei Education Academy

Rei Education Academy

Finally, those are the first steps in doing a lease option deal and you can see that it is very simple for you to do it. If you can wholesale these deals, you will be able to extract properties with little or nothing out of pocket and with no risk what so ever. After that, you will make the cash as much as you can if you do it with the right way.

Rei Education Academy

Rei Education Academy

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