Tag: passive-income
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Management Agreement for Properties
Anytime you enter into an agreement which will take longer than a year to preform in real estate a contract or agreement needs to be in place. A property manager needs to be under contract in order to protect yourself before you allow one to have possession of your property or properties. They will…
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Finding Your Properties (3)
Paying the Back Taxes To wrap up other manners real estate investors use to find target properties is purchase properties which owe taxes. Typically, when you pay off their taxes you are paying for the right to foreclose on a property because you paid the taxes. The government gives you this right to foreclose for…
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Finding Your Properties (2)
The third method I will briefly talk about is: Networking Networking is a highly effective method which is often overlooked. How hard is it to tell everyone you know and meet that you are in the market to purchase another property? Why would you limit this method to only yourself; this method should be…
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Preparing for Change
As a real estate investor, you should prepare yourself for the natural changes which are bound to come. Property values are fluid, so the fair market price keeps adjusting. As a wise investor you should look ahead and with reasonable clarity have a strong opinion as to what is happening in the market place. I…
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Cash Opens Doors
Cash opens doors which are not available to investors which depend on securing a loan to purchase a property. This for several reasons is a true statement, but a word to the wise they say is sufficient. Be careful the door your open does not lead to ruin. Linding institutions are not in business…
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The Strategy of ROI Method
The ROI method offers a helpful strategy for producing wealth. Wealth is not riches, in spite of what the dictionary says, because riches cause you to continue to do to accumulate. Wealth on the other hand is money you’ll receive even if you don’t do a thing. I am not saying that to accumulate…
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Integrity
Integrity is a word that we don’t hear very often. Perhaps those who say it most are trying to cover the fact that they have forfeited theirs. Yet the fact remains that to be a successful real estate investor, you must have integrity. The poet John Donne said, “No man is an island,” which also holds true in real estate investing.…
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1 Percent Hint for Hunting Houses
There is nothing new to be learned to adapt to the ROI method. It is simply changing the way you go through the steps and applying a few helpful hints each property shows us so that we do not waste time on properties which don’t have positive cash flow potential. As we grow more…
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Decisions Which Need Answering in the ROI Method
The RIO system requires that one purchases a property below market value or that they see a hidden potential which others miss. The most popular method for achieving this time after time is to purchase a distressed property. Some believe that in order to become successful in real estate investing you’ll need to become an…
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The Velocity of the ROI Method
The term velocity is how many times can you use the same source of capital to work for you. The quicker you can send out your capital and have it return along with your profit the faster you will begin to build wealth. Wealth is different than riches. Wealth is self-sustainable income whereas riches depend…