Ten Money Saving Ideas

Budgeting 1 Comment »

With our declining economy and weakening dollar here in the United States, it is going to be time for us to return to some old fashioned money saving tactics. The price of gasoline, the price of food, all contributing to a much higher cost of living overall, and driving up almost every market we work and interact in. In my mind, you can sum up the old fashioned money saving techniques in one short phrase - “delayed gratification”. ARGGGGHHH!!! EEEWWWWWW!!! Yucky. Nobody wants to do that. We all want to find some magic bullet to save us, while we keep all our vices and entertainment. Well I want to submit to you today, ten old fashioned, smart, family oriented, money saving ideas that can produce massive benefits to you down the road:

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A Tip for Finding Investment Properties

Real Estate Investing No Comments »

This is going to be short and sweet today. I ran across a potential deal about a week or two ago, which I am following up on, for four duplexes about a block away from where I already own/manage property. But these properties were not on the market, there is no MLS listing, for sale by owner sign, advertisement in the paper, etc. I found these properties through a tenant connection, which I will explain in a minute.

Before I move on, I want to give you some help in finding your own deals. I have talked about some of the different types of properties to look for, that would typically be sold for less than market value. Properties like HUD repossessions, and  multifamily properties are some examples. The tip I am interested in discussing today involves one of these strategies - Farming Markets.

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Real Estate Negotiations for Buyers

Real Estate Investing No Comments »

For everyone out there that is intimidated by negotiations of any kind, this should be a help to you, especially if you are looking for real estate. Some of these real estate negotiation tips will be basically negotiating tactics, while others will be very specific to getting the price down. Often, real estate agents are the primary negotiators, and frankly, I haven’t seen any good ones yet. All I have seen is this typical scenario:

Buyer’s Real Estate Agent:

“Mr. Buyer, the seller has said they won’t go below $X. What do you want to do?”

Great negotiating tactics huh? My thought exactly. And yet, this is very often the case for most buyers. Again, this is another testament to how bad realtors are, as a whole. But if you understand some basic principles about negotiations, you can use them to turn the tables your way. Let’s look at some of these principles:

Knowledge is Power

No, I am not talking about “The More You Know” commercials on TV. However, this principle is the most powerful principle in real estate and in any other negotiations. It demands listening and research, to understand what is motivating the seller to sell, what the property is worth, what repairs need to be done, etc. Let me just quickly touch on a few tips you can use to gain the advantage in your negotations:

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