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Making Money in Real Estate

Monday, July 1, 2013

Making money in Real Estate is the most popular strategy to build wealth. If you're not currently making money and building wealth in real estate you need to start. I have been making money using four very simple strategies that are very simple to duplicate.

All of the millionaires I have learned from make money and build wealth in real estate. That's right, all of them! These real estate strategies can set you free for life!

If you learn and implement them you can build a massive amount of wealth in a very short period of time. I use a system for all four of the strategies that all go hand in hand.

These strategies can easily make you rich in a very short period of time. I use the first strategy to make money fast, the second strategy for making money in chunks and the third strategy is for building wealth and creating income for the rest of my life. The last strategy I use to buy real estate extremely cheap.

I use a step by step system for all of these money making systems. The first strategy requires in many cases no money and no credit. It's the strategy I use to create anywhere from three to fifteen thousand dollars in profits per deal in a short period of time without ever even buying real estate. This strategy is known as wholesaling.

It's easy to begin making quick money. You don't need money to make money with this strategy! If you have bad credit don't worry, you don't need good credit to make money with this strategy. My goal is for you to have a check in your hands of $5,000 or more in 30 days or less!

I can show you my exact system on how to do it. Wholesale is nothing more than making an offer on a piece of real estate, getting that offer accepted, then simply assigning to contract to someone else. Don't worry, making an offer on something doesn't mean you'll be forced to buy it".

Making offers on Real Estate is easy! You can do it two ways. Through a realtor or directly to sellers who don't have their homes listed with a realtor.

I developed a specific step by step system to find listed and unlisted properties to make offers on. Most of my deals are through listed properties. I use a realtor to make offers for me on properties that are listed.

There are a lot of realtors who won't understand what you're trying to accomplish. I'll teach you exactly the process I use to find my realtors as well as how to get them on the same page as you with what you want to accomplish.

There are so many properties for sale. You need to learn how to find the best one's to make offers on. Learning how to wholesale is the first step in becoming a real estate investor and getting out of the rat race! In all of my money making strategies I believe it is the easiest one for both beginners and advanced investors.

I use the second strategy to create larger chunks of cash anywhere from twenty to sixty thousand dollars in profits per deal. It takes a little longer to generate those profits than the first strategy but one deal generates much more money. This strategy is called retailing.

This strategy has some great advantages. It's easy to make consistent $20,000+ on every deal, it can be done part time, and it can and should be done with someone else's money!

Flipping real estate is nothing more than buying a house; fixing it up if it needs repairs, and then selling it for a profit. Most Real estate flippers that fail don't understand the number 1 rule, Buy Cheap! When they buy a house most of them think they're buying it cheap but chances are they're not.

The biggest mistake investors make is they don't calculate all of their costs before they do the deal. There is a specific formula that's easy to follow that will make sure you follow this very important rule. The way you buy your real estate is the difference between winning and losing.

If you are new to real estate investing the first strategy you should implement is wholesaling. The reason is with wholesaling you learn how to make extra money without risking your own money. When you accomplish that then move to retailing.

After you learn how to earn extra money wholesaling, you will have accomplished your first step in becoming a successful flipper. That first step is learning how to buy cheap!

The third strategy I use to build wealth and get paid forever. By doing this I create a monthly income that will last forever. Making money in Real Estate is not just creating quick cash; it's also about creating enough wealth where you can literally never have to work again! This strategy is known as buying and holding.

There are many ways to build a Money Making Machine. The best way is through real estate investing focused on building wealth. Making money now is important but creating wealth for the rest of your life is what will set you free!

Buying real estate isn't hard, but, buying real estate correctly is where most people go wrong. Understanding what makes up a good deal is your greatest asset with this strategy.

You make money when you buy; you get paid when you sell. If you're a beginner this will be the most important thing that must be understood. If you buy right you will have a lot of equity and great cash flow for the entire time you own a particular investment. This is what I refer to as building a money making machine.

In real estate there are many strategies to make money quick. Those are the strategies you should begin with because you have to learn how to buy cheap enough to make money.

After those strategies are executed that is the time to worry about building for the rest of your life. There are multiple ways to buy cheap it's all about learning the ones that will work for you.

Now, once you know how to buy cheap creating wealth is easy! Simply make sure you have great cash flow with each deal you intend on doing and before you know it after multiple deals you will start building monthly cash flow.

Continue this simple recipe over and over and in a very short period of time you could be generating enough cash flow to live on then you can focus on getting rich and wealthy! Best of all you can focus on whatever you want because you don't have to work if you don't want to.

The reason this is my favorite real estate strategy is because I love residual income. Creating something once that pays you for the rest of your life is the smartest thing you can do financially. All my rich mentors made this lesson very clear to me.

Building a money making machine first starts with making quick money in real estate. Once you learn that you will know how to buy real estate the right way. From there all you have to do is hold it for cash flow for the rest of your life!

The final strategy I use to buy real estate extremely cheap from distressed sellers. Buying cheap through properties in pre-foreclosure is a tremendous opportunity.

There are so many ways to make money in real estate. Many people have a hard time finding which way fit's them the best. Some people like to stick to one strategy, others like a lot of different strategies.

I recommend doing some research and reading some books to learn about all the different ways there are to make money before you choose one. I recommend the following products because they should help you decide what kind of real estate strategy you want to pursue.

Making money in real estate goes hand and hand with all of the other best money making strategies. The reason is the tax advantages you get blend very well together with all of the other money making strategies. Real estate investing is also one of my favorites because it is the best way to build ultimate wealth that will last forever!

Learning a simple money making strategy is easy. The hard part is where and who do you ask to teach you? This used to be my problem until I met some very successful mentors.

I learned for them many strategies to get rich, this one is one of the best. Making money in real estate is all about buying cheap! By finding and buying distressed real estate you will be able to buy extremely cheap.

Those who have a way to buy real estate extremely cheap will succeed. Pre-foreclosure investing is a great way to buy cheap from distressed sellers. It's a win-win situation for you and the seller.

There are a few ways to buy real estate in distressed situations. If a seller is in pre-foreclose which means they are behind on payments but their home hasn't been foreclosed on yet they would probably be very interested in selling.

Most of the time people end up losing their homes and would have been much better off if someone was there to help them out of that situation. Like I said, Win-Win situation.

There are two scenarios for the buyer. There is either already sufficient equity in the property for them to purchase it or there isn't enough equity. Most of the time there won't be enough.

There is a simple money making strategy know as short sales for properties that don't have enough equity. In this case the bank or mortgage company that has a lien on the property will most likely accept a huge discount on what they are owed in exchange for a payoff of some amount for what they are owed.

For example, if a property is worth $200,000 and the bank has a lien of $180,000 for a property in not great shape they will probably accept a huge discount. The reason is the cost they have to incur to foreclose, list, and resell is huge.

You make them and offer at $100,000 as a payoff. After negotiations they accept $120,000. You're now able to buy a $200,000 home for $120,000 through your knowledge.

All in all, these four Real Estate Investing Strategies all have their advantages and disadvantages. There is a sequential order they should be implemented in. Take this information and use it to the best of your ability and be smart and savvy out there.

How to Build a Dry Laid Field Stone Wall

Deciding to build a dry laid field stone wall is not a decision that should be taken lightly. It will require a great deal of your time and a huge amount of physical effort to complete the work. There are several things to consider before you start your project and the least of them is the cost.

You must first choose the type and color of stone you are going to use to build your wall. There are literally hundreds of combinations of stone types and colors available today. If you have access to free field stone or cobblestone, that can save many hundreds or perhaps thousands of dollars. A heavy duty truck is required to carry any real quantities of this stone as an auto can be easily overloaded and can even be dangerous to drive..

Dry laid field stone walls can be very beautiful when completed and will last for many, many years with a minimum of upkeep. An occasional check to assure that no stones have been knocked loose or removed by children at play is all that is required. Dry laid means of course that there is no mortar used to hold the stones together and instead dry laid walls depend on gravity to hold and keep their shape over time. If you see a country stone wall, stop and take a good look at the wall. You will see that both sides lean slightly in towards the middle of the wall and the top is slightly concave as well.

In most cases it took farmers many years to construct their walls from the stones removed from their fields as they plowed for new crops each spring. Winter freezing and thawing pushed the stones to the top of the ground for the awaiting farmers plows to find them. These stone walls were not constructed for their beauty but of necessity to mark the boundaries between farms as well as to keep the stones from injuring their horses feet as they pulled the plows.

If you are using natural stone for your wall, remember that the faces of the wall will not be perfectly flat as when using man made stone or masonry units. There will be some ins and outs as the stone rises above the grade. If you are placing the wall along a property line it is suggested that you hold the wall back a few inches to allow leeway in the layout and to be assured you are not building on your neighbors land. One of the best ways to do this is to use wooden stakes or steel pins at each end of the proposed wall and placing a string or dry line between them. Tie a loop on one end of the string and place over the first pin and then pull and wrap the line on the second stake as tightly as possible. Whenever you lay a stone, the stone edge simply cannot cross this string line. Get as close as possible but never cross it. Keeping the stone faces as close to the string at all times will assure as even a face of your wall as possible. Keep raising the string as your work progresses. As your ability and eye grows with the work you will be tell if a stone does not fit correctly or look as good as it should.

After your pins and string lines are installed, take a step back and see if the line is really where you want the finished wall bottom to be at the end of the work. You will not want to tear it down and move it later believe me. If the location is good, excavate a trench the width of your wall, to an average depth of the diameter of your largest stones. If your largest stone is six inches in diameter, excavate six inches deep. The trick here is to slightly slope each one half of the width of the trench slightly downwards into the middle of the wall. Slightly means just slightly. You want the base stones to tip inwards but try keeping the tops as level as possible at the same time.

Now start laying your base stones. These will generally but not always be, your largest stones. Many stone masons prefer to place some of the largest stones randomly throughout the face of the wall to add character and interest to their finished work. True stone masons also do not use hammers or stone saws to shape the stones they use. Each stone is turned over and over to view and then choose the best face to place to view and the best side to fit on top of the stones laid below. Each stone must nestle into the adjacent stones and not rock back and forth. Keep the larger stones to the outside face and then fit the smaller uglier stones into the center out of view. Do not be tempted to place small chips to hold stones in place. Repeated freeze-thaw cycles will cause these chips to move or fall out and cause your wall to fail. Placing small stone chips and fragments into interior voids is fine but do not let them become a structural part of the finished work.

As your wall starts to progress upwards keep laying new wall in front of you. Do not finish a ten foot section for example and then start another section. Your end result will be a bunch or ten foot connected sections instead of one long smooth wall. As your wall height increases, the wall width actually becomes thinner than the width at the base. This can be as pronounced as you wish or as slight as you can make it but in any case all stones must tilt slightly towards the middle of the wall. The reality here is that when the ground freezes and heaves, the entire wall is lifted upwards causing the stones to push outwards from the middle. Due to the built-in inward tilt of the stones, the stones may reach an almost vertical state on the face but as the ground thaws and sinks, the stones simply return to their original placement shape due to good old gravity and the wall is safe.

Do not be afraid to step back every once in a while to admire your work as it progresses. You may see a stone or stones that would look better somewhere else or may look better turned a little and now is the time to fuss before the wall is finished. Do not get discouraged with your work progress either. Stone walls take a good long time to build but will last a good long time as well and will far surpass the life of any wooden fences you could build.

A well laid stone wall can take many weeks or months to construct but is an enduring piece of the landscape and will remain as a legacy of your work. Do it right and your great grand children will be able to admire your work. You will not be sorry.
Pete
Your Friendly Building Inspector

http://www.Wagsys.com

BICES-Building Inspection & Code Enforcement System Software

Digital Nomads

But seriously, who hasn’t fought back the urge to grab someone’s cell phone and stomp it into a million pieces and feed it to them like Moses pulverizing golden idols and mixing the dust in water for the people to drink? I have finally entered the world of the smart phone and all of the bizarre, obsessive and sometimes out-right rude behavior of users all makes sense now. There is literally no end to the mindless distractions available at an instant. The great irony in all this is the fact that we call this being ‘connected’ and we spend considerable time on websites called ‘social outlets’ yet all of this digital communion has made us more estranged from each other than ever before. When did community come to be solitary confinement in gigabyte prisons? I enjoy keeping up with friends and family as much as the next guy when it comes to using the technology but is there something more sinister at play here?

Anthropology, the study of man through the lens of Darwinian Theology, believes man has been progressing for millions of years. The two great leaps in our evolution has been from rodent to human being and then from human being to social being. This advancement into a social consciousness is said to have come about through certain technological discoveries such as the use of fire, the wheel and the club for courtship. Before a social awareness entered the thick skull of Neanderthal, he wandered about as a lonely nomad, surviving as a hunter and gatherer…or perhaps, even a scavenger. Living day in and day out thinking only about the moment he was in and never considering the needs of others much. No hopes and dreams. No road map to success. No definition of success. Just being…human.

The book of Genesis introduces man and his capabilities in a very different light. As Adam looked about the animal world, he sensed an incompleteness about himself. So God made for him, a comparable help mate. In the beginning, the law of scarcity and the division of labor was with man in the garden. The Creator instructed Adam to take responsibility for the earth. God gave him a moral duty to think, plan, organize, develop and improve upon all that God had blessed him with. At no time, was Adam given the latitude to put off his responsibilities, turn inward and live a life of nomadic hedonism. Adam learned from the very beginning that he could not do everything himself. He was limited by time, resources and ability. He understood the division of labor would bring down production costs. He taught this to Eve and their children. Cain specialized in farming and Abel in husbandry. Cooperation in a free market was the first economy. If man would choose to rule over sin, he would prosper.

Well you know what happened next, God warned Cain to rule over sin but he chose war over cooperation. It is interesting to note that his punishment was to be a vagabond for murdering his brother. Notice Cain was greatly afraid of this lifestyle. Even he recognized the unproductive foolishness of being a wandering nomad, a rugged individual, a cowboy. When I speak of being a nomad, I do not mean the pastoral type of nomadism that was productive and future-oriented and social in thinking. I’m talking about the wandering, present-thinking, selfish, loner, counter-culture kind of nomadism. The kind that anthropologists claim was how man was organized first but then progressed. The truth is, man regressed into nomadic behaviors. The nomadic culture has reared its ugly head time and again down through history and when it does, it leaves nothing of value in its cultural wake and usually plays a violent role in destroying civilizations.

Solomon declares in Proverbs 18:1, “A man who isolates himself seeks his own desire; he rages against all wise judgment.” The nomad rages against his moral responsibility to care for the earth and the people around him. When he does this, it is to his own hurt and to those around him. The Apostle Paul admonishes in Philippians 2:4, “Let each of you look out not only for his own interests but also for the interests of others.” Not only must we be planners and investors in growth and prosperity but we must do so with a mind to bring those around us with us in that growth and desire to share the blessings.

As America has abandoned all sense of community from a moral Biblical perspective, the void has been gradually and subtly filled by Darwinian Theology, a Marxist Progressive definition of community that promises you can be a rugged individual who stands alone and can spend your days in hedonistic consumerism while the State fulfills your God-given responsibilities. Let’s face it…without God, it is an easy sell. We are digitally programmed by the explosion of realty tv shows like Survivor, Apprentice, American Idol, Cribs, Jersey Shore and Buck Wild to worship fame, fortune and power. We are selling out our ability to critically think and care about the grim reality we are in. We seem all too happy to turn a blind eye to responsibility and immerse ourselves in fantasy worlds induced by unemployment, fornication, drugs, music, movies, video games, apps, widgets and antisocial social networks.

Regressive Nomadism is sweeping across our cultural landscape. Hold on tight to your thinking faculties and don’t let love wax cold in your heart. The high calling of God is hard work and the road less traveled but the reward is far above anything we could experience in this vain life. Never settle for just being…human.
 

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