Recurring Income Programs

I get this question often. Understand I have been investing full time in real estate for more than a decade. I’ve seen up markets and down markets. And, the question is consistent, “Can you make money in this market?”

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The answer is always, yes. In today’s market there is loads of inventory. There are however a limited number of loan programs, and the ones that are available have stricter guidelines and qualifications. BUT people are still buying.

How Do You Profit?

There are plenty of strategies (or recipes as I call them) to win. One that you can use is “buying, fixing, and re-selling”. Remember this is but one-way to win. The first thing to realize about real estate is there is always a current value. Unless we are speculating, the current value is the value. NOT what the home was worth last year, or what it might be worth next year.

If you are buying at a discount on the current value then you have potential to win, period. It’s like gas prices; we remember what it once cost. But the reality is we buy gas at today’s price. You must treat real estate investment the same way. What is this house worth today?

Using a local agent to establish value – and even an appraiser – will help you understand the values in your investment market, the average time on market, and the median house price.

AVERAGE TIME ON MARKET will tell you how long it takes to sell a house in your market, and even better, for the neighborhood of the house you are buying.
MEDIAN HOUSE PRICE tells you what the average price is for a house in your area. You want to know this number because if you buy a house lower than or near this median you will have a higher number of potential buyers.

In other words, take the statistics of wealth in general; there are many more people with ordinary jobs than there are rich and carefree. You want to follow this statistic. Don’t worry we aren’t going to get crazy about analytics here, just know we want average houses, not mansions.

Okay so where are we? You are buying average houses, under the current market value. What’s next? Here is your punch list:

MONEY – How will you pay for this house?
FIX IT – Who will be doing the rehab work?
SELLING – Who will sell it?
DISCOUNT – How much under value?

Notice I didn’t number this list. That was intentional. All the factors here tell you what you can pay for a house…

DISCOUNT – How Much Under Value?

On average we are paying no more than 75 cents for a house. What that means is if the house will sell for 0,000 we will pay no more than ,000 AND that number must include any repairs. If the house requires ,000 in work then we can pay no more than ,000 for the purchase.

Understand, we have been doing this for many years. As a rookie you can quickly eat away a 25% profit. Let’s look at an example transaction:

You pay 60 cents for a house, where you budget k to fix it. You will have an additional 6% or (,000) in agents fees, another 2% in closing costs, and this does not include any holding costs; utilities, cost of money, etc.

Here it is more clearly (same end value of 0,000):

– 60% buy
– 15% in repairs
– 6% in commissions
– 2% holding costs
– 83% total
– 17% potential profit

MONEY – How Will You Pay for This House?

There are many ways to pay. You can get a bank loan on the property, but, in many cases rehabs need more work and the lending guidelines will not allow for rundown houses. You can get a loan on your current house, if you have equity. You can borrow private/hard money. And, you can likely do a combination of several. Lastly, you can use your own cash or partner with someone with cash.

Regardless, there is a cost of money. That cost is the interest rate and any loan fees, plus time. For example, a private lender will charge points – one point, equals 1%. On a loan for ,000 one point is 0 or for a two point loan – 00. In most cases this will be added to your loan. Meaning you will pay it when you sell the house.

The common lingo for investors and private money is “two and twelve” which means that the loan costs 2 points and 12% interest. Note: you may pay more, even six and eighteen. Shop around. Assuming you paid 2 and 12 your points are 00 and you monthly interest is 5 monthly.

If you hold a house for a number of months time is ticking dollars:

– month 1 – 5
– month 2 – ,530
– month 3 – ,295
– month 4 – ,060
– month 5 – ,825

Which means that over five months you will pay ,825 plus 00 (the points) for a total cost of money of ,325. IF you held your house for 8 months you’d spend ,120 plus 00 (,620).

Remember you had 17% potential profit (,000). The other variable here is unforeseen costs of repair. I just bought a house that had an overage of 00 for roof repairs – hidden under snow. Which brings us back around to your repair work.

FIX IT – Who Will Be Doing the Rehab Work?

People come and go. Over the years I’ve had several dream teams. Your contractor is a part of your team, as is your agent, and any other person you find yourself working with again and again. Once you have all the players your job will get easier. Our focus now is on your contractor.

All you have to do is turn on the TV for a primer on how to flip houses. And you see all the clichés; yelling at contractors, contractors who don’t do good work, and contractor who charge too much, etc. There are however, a select few who get it.

You want someone fixing your houses that wants to grow with you – I assume you plan on buying more than one investment. You want a team player that not only understands how to fix houses, has a team attitude, and enough of a foundation he can eat some of his mistakes. Why? Because no matter how hard you BOTH try there will be houses like mine with a 00 roof overage. I made the contractor share the cost. It was an item he over looked.

Your contractor is also there to look at houses before you buy, give you a cost for repair, then to DO the repairs quickly and have the home shining for you tell sell it – in the shortest time possible, tick-tock.

SELLING – Who Will Sell It?

Choosing an agent to work with is much like finding a contractor. There are people that specialize. You want an agent that works with investors when you are buying. But, you also want an agent capable of selling your house when it’s ready to go back on the market!

RECAP

MONEY, how will you pay for this house? – You can use private/hard money lenders, bank loans, or cash. Yours or a partners.
FIX IT, who will be doing the rehab work? – Find your team. Shop around. Ask for referrals, there ARE good contractors with great prices.
SELLING, who will sell it? – The agent that helps you buy can also help you sell. Again, shop for an agent who works with investors.
DISCOUNT, how much under value? – Your discount may change based on your cost of money. I would never pay more than 75 cents with repairs.

In closing, this article was not meant to give you every answer about buying real estate for profit, but rather a glimpse at how you can win today. Again this is but one recipe for buying and selling houses. You must find the one that works for you. “Can you make money in this market?” You bet!

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Everyone today is trying to find legitimate work at home jobs. Did you know on average you spend at least 2-3 hours a day commuting to and from work when you could be using that time to spend with your family? There are many work at home opportunities out there waiting for you to take. When you take your real work at home jobs you must have lots of discipline. If you easily get distracted or lack discipline, real work at home jobs may not be fore you. There are many work at home companies out there with many work at home careers that all you need is an internet connection and a computer. Everyone dreams to find the perfect work at home opportunity. It is challenging to find this work at home opportunity, but very rewarding at the same time once you find it. Many people want to know what the top work at home jobs are and want to know how to be a work at home agent. The answer is simple, be an entrepreneur, be creative, and your legitimate work at home job will come to you.

Everyone has different career goals and interests. For all those career goals and interest there are many work at home jobs for every single career field you can think of. Work at home online opens the door for so many endless possibilities that it is ridiculous if you can’t find one. If you are not finding a work at home opportunity, more than likely you are not investing enough time and research into this. At home work is very easy to find and most of the time pays almost double than going into an office. When you work at home, the employer is paying no rent on the building, no office equipment, office supplies, etc… to fund the business. This means that your employer can spend much more money on your salary compensation.

If you don’t trust to work at home you can try part time work at home until you believe in it. There are endless opportunities out there trust me. I found mine around 2 years ago. I started make money work at home full time and gave up my 9-5 office job. It was the absolute best thing I could have ever done in my entire life. I now make over 6 figures working from home and I am able to watch my kids at the same time as I work. It is truly a great feeling and you do not miss out on your children growing up. They will grow up before you know it and be gone. You need to find a honest work at home job opportunity and stick with it. Once you find this opportunity it is easy sailing from here. All you need after that is focus, hard-work, and determination. If you possess these 3 characteristics you are going a long way in the work at home career field. I wish you the best of luck!

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Blog! Might be any person will be there in the world that do not know about blogging. Nowadays blogging is so much popular among the people that everyone wants to use blogs for communicating with each other. It serves as a medium for the people to discuss their personal feelings with their friends. Furthermore, you can also share your images and media files with the other users. Besides serving as a communicating medium for the people, Blogs also give you an opportunity to earn money. There are many people in the world that are earning money online by means of the blogs. There are many ways to earn money from the blogs; below I am going to mention some of them.

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Blogging for Affiliate Marketing

One short and easy way to earn money on blogs is by affiliate marketing. You can register with many affiliate programs running on the internet that offer good payment to their members. When you will sign up with them, they will give you a unique product link that you will have to use along with the content that you will write for their product. Affiliate marketing is very popular among the bloggers that want to earn money from the Internet.

Blogging for Product Reviews

There are many traders on the internet that want their products to be marketed on the websites. You can simply earn money by writing product reviews for these dealers on the blogs. In return they will pay you a good amount for this work.

Blogging for Memberships

Membership is a smart way to breed income on the internet. But it is not realistic to cost the visitors for viewing a blog, except that the blog is very famed and everyone loves it on the Internet. Bloggers make money through the evaluation of membership websites on the internet. They simply use their blogs to fetch traffic to the websites that increases the number of members joined and enhances the site popularity on the internet. You will get the payment according to the number of members that you have promoted to the website. In simple words, your payment will increase with the quantity of members you will promote.

Blog is not only a medium for communicating with each others but you can also use it to earn money at home. This is a simple method of earning while learning and that too while sitting at the home. The all you need is to contact the traders on the internet that want to promote their products and start getting money from your work.

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Everybody has essayed, once or twice, to get money on the cyberspace, but oft it doesn’t work because shadowed techniques are applied, and many people do not know where to start out and get deterred easy with few troubles. Course getting money on the WWW is nowhere nearly easier than in actual life, so it is clear that you have some trouble in the beginning, but this isn’t a trouble in the least if you have success in the end and if you keep on going. The best tip anyone could give you about getting money online is to assay it with literal proved methods and not some umbrageous technique which prognosticates gazillions of dollars in a couple of calendar months, because that is not a real amount of money you can accomplish online, trust me.

Getting money online is leisurely if you do it with the correct people, and one easy style is to get down trading wares as an affiliate. An affiliate exhibits a ware from another shop to people and when they purchase, he gets a commission on the toll of that merchandise. You can easy do this with Amazon and eBay for instance, and I’ll go into more detail about the eBay method right now.

In order to become an eBay affiliate you will have to apply for the eBay Partner Network, and this wants you to give them info about your web site and what your web site is about. Forthwith careful : You should have made a right, presentable and serious web site because these applications are not invariably approved. As a matter of fact, the first prerequisite is to possess the website yourself. Web logs which you don’t host yourself or single-page internet sites like Squidoo are not approved since they ‘re not commanded by you and this could get eBay into trouble, that’s why you have to have the website yourself.

But once these troubles got rid of you should easy be approved and from then on it’s real piece of cake. All you have to do to make money as an eBay affiliate is to set their merchandises online so others can purchase from your internet site or by clicking an advert on your internet site, and there you go, you have made money! .

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Online jobs from home offer a chance to make a real income at home for people who would otherwise be unable to compete in the job market. Historically, most home based workers have been women. The vast majority of these work at home women were stay at home mothers who were unwilling to give up their right to bring up their own children. Work at home meant these women could take care of their family and also make a valuable contribution to the family budget.

Nowadays, work at home women are competing for home based employment with an increasing number of men. Many of these men are fathers who wish to share in the day to day childcare instead of leaving that occupation entirely to their partners. Competition for jobs from home has increased, but the easy access to the internet in homes means that more people can do online work. The computer age means that work at home for disabled people is more readily available.

Working at home requires commitment on the part of the employee; there is nobody to supervise the worker on a day to day basis or to ensure that a practical schedule is in place. Taking an online job from home requires planning and the cooperation of the whole family. Children must be taught right from infancy that there are certain times when they are not allowed to interrupt their working parent. Friends and relatives must understand that working at home does not mean that you are available for unannounced visits at any time of the day.

A home job can suffer if the demands of family and friends are allowed to take precedence, but a bit of advance planning can prevent this. The great thing about online jobs from home is that the hours are normally flexible enough to fit in with all the other social and domestic obligations even if an unexpected event occurs.

A home based online job can usually be done at any hour of the day or night; the internet never closes and the internet home worker might be employed by a boss who is right on the opposite side of the world. The working day is also shorter for the average home worker because there is no time wasted on the twice daily commute.

Online jobs from home are in great demand. In an era where “a job for life” or even moderately long-term job security is a thing of the past, people are looking beyond the normal avenues in their searches for work and many of these people hope to find a more promising future working from home via the internet.

These are three of the top ways to find work from home jobs:

1. Changing an existing office based job to a home based job.

This type of work at home job often comes about when a member of staff undergoes a change of domestic circumstances which makes it impossible to pursue a career outside the home. Sometimes the change is instigated by an employer who wants to relocate the business without losing trusted staff members.

2. Working at home on a “virtual employee” basis.

In this scenario, the employee is 100% home based from day one and might meet up with the employers only rarely or in some cases, never. This arrangement is quite common in jobs such as telesales or software design where the employees work for companies based in other countries.

3. Working at home online on a self employed basis.

There are freelance jobs available for persons to work as writers, telesales operators and telephone assistance operators. Many people enjoy a home business where they sell items on auctions sites. The most famous one is eBay but there are smaller auction sites online which are worth investigation.

Related Work From Home Articles

If you want to get started fast – and Earn as you Learn – then be sure to check out this program right away: Maverick Money Makers
*As a duly authorized commissioned affiliate I fully endorse this product.