The Best Way to Get Houses to Flip

July 20, 2012 · Posted in Real Estate · Comment 

What’s that? You are wondering how you can actually go about finding suitable houses to flip??

I spend a lot of time speaking with people about how to be successful in the real estate business, however if you cannot find potential properties to rehab, you will undoubtedly have a tough time launching your career.

Expert real estate agents can be a super valuable resource for finding houses to flip – they have their finger on the pulse of what’s going on and are usually very knowledgeable.

The Ins and Outs of How to Find Houses to Flip with the Assistance of Real Estate Agents

I recommend that you check out the below tips, and immediately incorporate them into how you go about finding properties with the help of a real estate agent:

Be sure to not waste the agent’s time: Like everyone else real estate agents are concerned with making money so you need to be careful to be respectful as well as not waste their time. The last thing you want to do is make a real estate agent run around at random properties. It is important to not have them do all this work unless you plan on taking action. Taking action on a potential deal is what it’s all about folks!

Communicate to the real estate agent what is most important to your real estate business: Often times real estate agents need to be educated on the type of house flipping you plan to do so you guys are on the same page right from the beginning. Tell them how you like to do business and purchase properties – the types of houses you want and where they should be located. It is important to be upfront with your agent regarding this stage in the process.

Focus on relationship building: Refer back to the importance of both building a solid house flipping team as well as the power of. Locating the right people is very important – you may filter through a number of agents before you find one that you can really mesh well with.

Getting access to the agent’s MLS account: Access to MLS is key (the nationwide multiple listing service). Finding houses to flip becomes much easier when you have access to an agent’s MLS compilation of houses in specific region, as well as for use in your comps when you submit an offer.

Additionally, their free service gives you some solid information on homes as well as foreclosures that are on the market for sale. Oftentimes the real estate agent will run comps for you at your request. But better yet, a good real estate agent you develop a relationship with may give you access to their MLS database so you can do it on your own. Of course don’t forget to mention just how much time you will be saving them.

Return the favor for them: And while you are busy looking for potential house flip properties, keep your eyes open for opportunities for them as well. Attempt to help them make more money by passing them qualified referrals. Always give more than you receive, then when you have asked for what you want, make sure you are ready to receive it when it comes. It’s not only smart business, it’ just good karma.

Explore mentorship opportunities: Sometimes a real estate agent will also be an experienced house flipper. The two business avenues work very well with one another. The agent is already in the field and they have insider information regarding properties throughout a chosen region.

To find out more about flipping houses, as well as house flipping mindset by clicking this link.

How Can Kids Make Money in Addition to their Allowances

December 21, 2011 · Posted in Family · Comment 

Some families will have their child collect a weekly allowance. This money is used to buy some of the extra things that a person may want. If there is a toy at the store, or an expensive outfit that they would like, they can save for it on their own. Teaching someone that kids make money around the house to earn more funds, could help them buy something sooner than expected.

Some older kids and teens desire some expensive items. They may want a pair of sneakers that cost a lot or an outfit. Asking parents frequently for expensive items can result in a lot of negative replies. As children age, they can find ways to create their own sense of funds. Chores can be created fro the child to engage in. These tasks could result in payment from the parents.

A dollar amount could be written down beside each task. As the child does each item, they can check off the job and begin to collect the funds they have earned. This can be a great way for someone to learn that doing work can pay off.

A job does not have to stay within the limits of the house. There may be lots of seasonal work that could be performed outside in the yard. Not only are these jobs useful for a family but also very helpful. The tasks could also be extended out to neighbors and friends, where shoveling snow and removing leaves off the lawn could be done.

Some people will take part in babysitting on the weekends or in the evenings. These jobs could be frequent or done as needed to earn some extra funds. A person may become popular with their neighbors and be able to make lots of extra cash for the purchases that they need.

When parents have children who earn their own funds, it can help them acquire some of the personal items that they may want. Some older kids and teenagers have expensive taste in clothes and shoes and buying these items on their own, can save parents time and money. As young people make cash on their own they can save up and buy the things that they want without having to ask their parents.

Start today to enhance your child’s financial future. Make it a responsibility with educating your children about money. Educate your child about money and see their financial responsibility grow. Kids Making Money

Making Your Finances Bullet Proof

November 21, 2011 · Posted in Finance · Comment 

While the majority of people out there will run into some financial hardship at some point in their life, there is always ways to prepare for it so that it really does not affect you as much. In a sense you can bullet proof your finances so that you will survive no matter what happens. Here are some ways on how to do that.

1. Look For Side Income Sources

Looking for extra income sources outside of your job can be a terrific way of making your finances more stable. It is also one of the best ways how to survive a great depression. If you lose your job, but you have income coming to you outside of your work then you are still ok.

So, look into doing something like starting a business on the side or investing your money. You really never know what will happen until you try it out. You might find that you will not even need your day job anymore.

2. Invest Your Money

One other thing which you can do is to start saving and investing your money. Learning about things like the stock market and real estate and how they work and then investing your money into them can be a terrific way of achieving your long term goals. Also having money saved up on the side can also come in handy if there is ever an emergency.

3. Get a Corporation Going

Unfortunately there are a lot of people in this world who just love to sue other people in hopes of taking away all their money. Nowadays there are tons of crazy legal issues going on and you had better be careful, otherwise it might just happen to you. Nobody wants to be unfairly punished and forced to pay all their money to another person.

Bullet proofing your finances means making sure you are going to be able to come out of a lawsuit ok. One way that you can do this is to simply set up a corporation and put your business or investments into that. This way it is a seperate intity and people cannot take the money out of it by going after you.

It really is a pain, but making sure you are safe is what is important. So, setting up a corporation can be a terrific way to do that.

For more on building extra income visit Shaun’s site http://www.extra-income-simplified.com

Teaching Kids to Save and Training Them on the Importance of Money

November 11, 2011 · Posted in Family · Comment 

Ask any child if they like to save money and you will probably get no as the answer. There are many different reasons for it, and it is up to the parents to change that. Most kids are never taught the real value of money and why holding onto it is very important. Let us look at saving for children and what parents can do to help their kids start the process.

Most kids tend to have no idea why you must save money, and teaching them is one of the first things that should be done. With television, games, and toys many times it is tough to get their attention when teaching them things. One of the ways to teach saving money is to make it a game. Kids love games and if you can do that they will be much more receptive.

Giving a reward also should be considered as well. Setting a target for your kid is something that seems to work. This keeps them interested and that is one of the most important keys to save money. Always set a target or goal that can be reached. If it is unreachable many kids will give up which is something that you do not want to see.

A lot of time we just hand our kids money without really thinking about it. There is nothing wrong with that, but encouraging them to save some of it is a good idea. The main reason is you want to develop good money habits for your kids. This is one very effective way to accomplish it.

Over the years the piggy bank has been a way a child can learn to save money. They love to shake it, pick it up, and even open it. Help your kids by giving them pennies, nickels, and dimes to drop inside the bank. Anyway you can keep them learning about the value money will only help them.

Saving for children is something that should be done very early. Kids who learn early about how to deal with money take it with them later into life. Most of the time when they learn it early, they have less money problems later in life. The key is you must stay consistent and teach them at a very early age.

Money Saving For Children You can learn more about teaching kids about money at our site. Make it a responsibility with educating your children about money. Kids learning about money should be enjoyable and make sure you set goals for them.

The Best Strategies To Teach Children About Money Today

November 8, 2011 · Posted in Family · Comment 

Teaching kids about money is an important responsibility, and one that can affect your children for the rest of their lives. How we work with our money, balance our budget and save for rainy days is learnt from a very young age. The best way to teach your kids is by example. If you want them to appreciate the value of money and the hard work that went into earning it, you need to do the same.

One of the easiest ways to teach children about money is to get him or her to earn it. A three year old can take serviettes to the table, bring potatoes out of the refrigerator and help to wash the car. Those chores can be rewarded with a token payment that gives your kids the opportunity to start working with money. Older children have more options and opportunities to earn extra cash.

A bank account will help your child handle their money while providing a good way to save. Explain to them that saving some money each month allows them to build up a reserve that they can then use for an ‘emergency’ – in their case the latest gadget or outfit that everyone else supposedly has! A bank account will also teach them about bank charges and interest.

When we teach kids about money, show them how to create a budget, using your household budget as an example. Explain expenses, income, costs and profits to children, and if their additional income is derived from producing goods or services, explain what their costs must include.

You also need to teach your kids about the value of giving. Encourage your kids to choose a worthy charity and donate to it regularly. This can be as simple as collecting small change in a jar and delivering it the charity every few months.

Try not to get too complicated in your explanations when teaching kids about money, as young children will get bored quickly – especially if they don’t understand what you’re talking about. Use examples that your child can understand – saving for a car won’t mean as much to a five year old as it will to a 15 year old. Most parents find that once their children start earning their own money, they shop more carefully and take better care of the things they’ve bought – because they’ve paid for it with effort.

Encourage your child to start using money effectively. Teaching kids to save money is challenging and enjoyable for your child. Kids Pocket Money Come to our website for more information.

How to Use Children Budget To Instruct Them About Finances

November 5, 2011 · Posted in Family · Comment 

As children, it is often difficult to differentiate between needs and wants. This applies especially to teenagers. Due to peer pressure and advertising appeal, teenagers are often more likely to spend on unnecessary items. Kids are to be educated on the difference between needs and wants. They need to think and decide what is necessary spending and what is not. Needs are necessary for their very being such as food, shelter, health and friendships. On the other hand, wants are mostly feel-good-to-have or ‘cool’ stuff.

Here are very good questions that you may ask your kids to ask themselves when teaching them the difference between needs and wants. Questions that make your kids think and rationalize.

Question 1. Is this spending for my physical well being? Am I buying food or paying rent? If yes, then spend the money on it. I need food to eat and a place to live.

Question 2. Is this spending within my budget for this week? Will I have enough money left for essentials after this spending? If yes, then spend the money on it. If not, then think about the drawbacks to face for over spending!

Question 3. Is this spending a good value for my money? Do I believe that this is a good buy? In terms of price and quality, is it reasonable? If yes, then spend the money. A little bit of research on the internet would help a lot.

Question 4. Can this spending be postponed to a later time? How urgent is this spending? If yes, do the spending at a later time.

Question 5. What is the worst thing that could possibly happen if I don’t buy this right now? Will I starve? Will I pass out? If your answer is that nothing tragic will happen, then wait until this spending comes within your budget. Remember your patience will pays off.

Question 6. Is there someone out there who is happy to give away what I want for free? Maybe there is something that people do not need and just did not get to get rid of it yet. So ask around. Everything can be obtained for free if you have the will and patience, from used laptops to scholarships!

Children will best recognize and differentiate their needs and wants when they are given the experiences and education on it. I am hopeful that the above questions will help them greatly with their learning.

Start today to enhance your child’s financial future. Teenage Budget Come to our website for more information. Giving your child an allowance with help them learn how to be financially responsible.

The Best Strategies To Teach Children About Money Today

November 3, 2011 · Posted in Family · Comment 

A kids money is often spent as fast as he gets it. Most parents try to curb that habit. Good saving and spending habits are formed early in life. Some parents open a bank account for the child and let him or her deposit money at the bank. If he or she gets an allowance, a rule to save some of it may be put into place by the parents.

When Grandma and Grandpa or great-aunt Helen send cash gifts for birthdays, the parents may want them to save part of it. If they get an allowance each week, the parents might want them to save half of it in the bank. A rule might be to save it for college expenses. Some children have no rules and buy more candy than they need.

If they do save something for higher education, some day they will be very glad to have that cash available. Perhaps they want to help other children who have no clothes or food. It is good to encourage that habit because it makes them feel good to do a kindness for someone they don’t even know. Young people cannot afford to buy their own clothes. However, if they want an extra pair of high-priced tennis shoes, they might have to pay something towards the purchase.

Some children have to buy their own tickets when they go out to the movies. Plus, they are sure to see merchandise and treats advertised on TV that they want. You have heard the statement that all his friends have one if you are a parent. It is relatively simple for the advertiser to convince the children that the toys will make them happier than they have ever been.

When a child has a certain amount of cash to spend each week, it will be tempting at first to spend it all at the beginning of the week. Then a friend will want to go to the candy store at the mall. He will not have enough to go along. This will be a good precursor to learning how to spend wisely.

Some parents ask the child to keep a list of how they spend their allowance. This gives a realistic picture of what was purchased and why the cash is gone. Kids money handling is good training for how they function in the adult world some day.

Come to our website for more information. Make it a responsibility with educating your children about money. Games To Teach Kids About Money Encourage your child to start using money effectively.