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Showing posts with label work from home. Show all posts
Showing posts with label work from home. Show all posts

Monday, 7 October 2013

Developing A Strategy For Real Estate Mobile Marketing

by: Dave Spearson

Virtual Property Brokering - The Perfect Business Realtors are constantly seeking new ways to control business costs, in a slow market. Placing print advertisements, and printing up fliers to leave at listings, may eat a sizable portion of a realtor's budget. Fortunately, real estate mobile marketing, as part of an overall digital strategy, provides a no-paper, low-cost avenue for reaching potential clients. This type of marketing also helps realtors to be more proactive with advertising, rather than reactive.

Mobile marketing is defined as communicating with customers via a mobile device. This capability appeals to a clientele that is rapidly growing more technologically sophisticated. Realtors who have mobile capability may assist buyers twenty-four hours a day, seven days a week. This availability gives the realtor a competitive advantage, in the recruitment and retention of clients.

Realtors are set back in a reactive position with print ads, and even with websites. In both cases, realtors have to wait for clients to contact them about the property. Even fliers will never be picked up unless a client actually sets up a property showing. Ideally, realtors should be able to proactively market their listings to potential clients. Mobile capability will give realtors a platform in which to be more assertive, while, at the same time, saving money.

Digital advertising may be realized in a number of ways. When realtors list a new property, for instance, they may choose to send the information to clients, using text messaging. Or, when an open house is about to begin, realtors could sent a text message to interested clients in their database.

Realtors should also take advantage of SMS. For instance, realtors could establish a service, in which clients could text a keyword to a specific number, and then receive property listing information, right on their smart phone. SMS would replace the hassle of printing and carrying fliers to every property site, producing a savings of both time and money, while still delivering a valuable service.

Advertising is only one aspect of an overall digital strategy. Many clients use their phones to look at property information online. For this reason, realtors should ensure that their websites are easily navigated with a smart phone, and that they do not publish too much Flash content. Additionally, good visuals on a website are important, and realtors may even consider adding a video element to their pages.

Of course, there are even less expensive alternatives for digital strategy. One idea is for realtors to list homes on real estate websites, like Zillow or Trulia. Both of these websites feature high-quality mobile applications, and are rich in visual features. Another idea is for realtors to use social media to communicate with their client base.

Real estate mobile marketing gives realtors new, fresh ways to reach out to potential clients. Web and phone-based services offer convenience to clients, at a low cost to realtors, thus helping them to recruit and retain more prospective buyers. Utilizing all of the capabilities of computers and smart phones allows realtors to match their services to the technological savvy of their client base.

Dave is a real estate professional who specializes in real estate text message marketing. Click here for more information.

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Virtual Property Brokering - The Perfect Business

Imagine if you could make money without your own product to sell. Sound Ridiculous? Not really. Consider agents and brokers. These people are the ‘middle men’ who put sellers and purchasers together earning a tidy commission along the way. Now it’s possible to replicate this online. Welcome to the world of two tier affiliate marketing or virtual property brokering.

The internet is an amazing technological development. It is essentially a gigantic marketing machine that allows the entire world to be anyone’s ‘shop front’. Some people prefer the ‘nuts and bolts’ of mining, harvesting or manufacturing a product, other people prefer the distribution of goods far and wide, whilst others simply offer services that assist specific business needs. The common goal of all these operations is to make money.

Now, if I was to suggest you could start up a business in any of these sectors over night I would be lying. If, for example, you wanted to build houses you would need land, building materials, tradesmen and a big wedge of cash at the very least. If you decided building houses was too unrealistic you might consider setting up as an estate (property) agent but you would still need an office, some clients, a reputation and a whole load of time and money to spend before you got anywhere at all.

There is, however, one industry sector that you can get involved in over night without a single product. It’s called virtual property brokering or two tier affiliate marketing. What’s more, you’ll be surprised to learn that you don’t need a web site, or even any marketing experience.

Virtual property brokering is an amazing strategy for generating an online income using a two tier affiliate marketing program. Affiliate marketing is a simple concept based on someone promoting someone else’s product in return for a commission received for any sales they generate. The promoter is known as the ‘affiliate’ and there are thousands of affiliate marketing programs which any one can sign up to online. Remember as an affiliate you will only earn a commission if you make a sale.

Here’s an example. Let’s say you found a site selling golf equipment that had a one tier affiliate program. If you signed up, you could go and promote those products and earn, say, 50% commission for every sale you made.

A two tier affiliate program takes the process a stage further to generate even more commissions. Using the golf equipment example again, if the affiliate program that you signed up to was a two tier program you could then go and recruit second tier affiliates. These would be people who either have a large email list or a web site related to the golf niche you are promoting. If they promoted, you would get a percentage of their sales too, which could be around 10% for example. You could literally have commission earnings pouring in using this method.

Let’s break this down:

Step One - you haven’t got a product, a web site, or any marketing experience.

Step Two - You find someone looking to sell more of their product such as the site owner with the golf equipment two tier affiliate program. (you can do this by typing ‘whatever niche’ affiliate programs into google and seeing what comes up).

Step Three - You find someone capable of selling more of their product (someone with either an email list or web site in the golf niche).

Step Four – You bring the people in steps two and three together through one simple email which introduces the marketer to the site you are brokering for. The email is just an invitation for them to check out the program. It explains they can make more money by simply sending out a promotion to their email list or adding a graphic to their web site. To find out more they just need to click on your link (this will be provided to you by the web site for the two tier affiliate program).



That’s the outline of how this model works. Two tier affiliate marketing is the perfect way for anyone from the internet newbie to the more experienced marketer to accelerate their online income to a whole new level. Plus it doesn’t require a web site, your own product or even doing any marketing or spending a single cent. This is definitely, in my opinion, one of the best low risk low cost strategies there is to earn a substantial online income.

Saturday, 5 October 2013

How to Put in Writing Offers to Acquire REO Properties

by: David M Arnoold, MSSW

Lots of savvy home buyers and investors want to hit the top prize and procure that REO foreclosed home many of which are often under-priced. With the REO market continuing to climb for the next 4 to 5 years before there is some relief, many of the banks price REOs under the comparable sales. The results are multiple offers. This means the competition for that bank-owned property is stiff. Depending upon the area of the country that is hit hardest by home foreclosures, it's not uncommon for various REO homes to receive 15 or 20 offers. Now and then the bank will dismiss at home all but two offers and then ask the selected buyers to resubmit what is called "Highest and Final" offer. Occasionally the bank simply accepts the top offer at inception. If you're wondering how you can make your offer shine greater than all the competition and be the winning offer, here are a few tips to help you choose the right offer and terms:

1) Understand the History of the Property - Ask your buyer’s agent to find out the bank's purchase price on the Trustee's Deed or Sheriff's Deed. In general, it is noted on the record itself, which you can obtain from the tax rolls or a title company. Compare the purchase price to the value the bank is asking. Look at the amount of loans that were previously held to the property. Somewhere between the first mortgage balance(s) and the foreclosure sale price is the amount the bank will take, if the property is under-priced. This is a good time to mention the consequence of working with a realtor that specializes in REO homes. You can effortlessly find these real estate agents in your area. Whoever has the largest REO's listed on MLS is who you want to work with. Their task is to promote the properties and be the mediator involving you and the bank.

2) Assess Market Comps - In many cases, the asking price has little influence on the worth of the home. The market value carries the most weight. If you are up against competing offers, other buyers will offer more than asking price.

• Look at the previous three months (90 days) of comparable sales, a mini CMA (Comparative Market Analysis) for that vicinity to determine how much this REO is worth. Try to use only those properties that most closely match the REO regarding square footage, number of bedrooms, baths, amenities and condition.

• Look at the pending sales. Ask your agent to call the listing agents of those pending sales to try to determine the accepted offer price. Some will share that information and some will not.

• Look at the active listings. Those are most likely the listings other buyers will use to put together a price because they are the only homes those buyers actually tour.

3) investigate Listing Agent's REO Sold - Most REO agents work for several banks. Some listing agents are exclusive listing agents for REOs, and they do not list any other type of property. Since REO agents deal in volume, they typically apply the same pricing principles to all their REO listings.

• Ask your buyer's agent to look up the listing agent in MLS.

• Run a search using that listing agent's name to find the last three to six months of that agent's listings.

• Pull the history of those listings to determine the list-price to sales-price ratio. If many of those listings are selling for, say, 5% above list price, then you may need to offer 6% over list price, and vice versa.

4) Inquire About the Number of Offers - If there are no offers on the REO home, you can probably offer less than list price and get your offer accepted. However, if there are other than two offers, you will most likely need to offer above the asking price. If there are 20 offers, bear in mind that some of those offers might be all cash. Banks like all cash offers. If you are obtaining financing, then you may need to increase the price on your offer to be considered.

5) Submit Preapproval Letter - It goes without saying that you do not want a prequalified letter. You should have a preapproval letter. Get preapproved from your choice of lender in advance. If you are using a hard money source, they can provide you with a letter as well, in most cases. Moreover, get preapproved by the lender who owns the property. Do not expect to use this lender for your loan, but submit the preapproval letter from this lender, along with the letter from your own lender. Banks don't trust other lender preapprovals but trust their own departments.

6) Don't Ask for Repairs / Inspections - occasionally banks will pay for repairs, but typically will not agree to do so at the offer stage. If there are problems found during a property inspection renegotiate after your offer has been accepted.

7) Shorten the Inspection stage - If other buyers ask in place of 17 days, for example, to conduct inspections, and you ask for 10, you will be deemed the more serious buyer. However, your offer can dash to the top by asking for 0 days inspection. Remember, banks are eager to get rid of the properties.

8) Offer to Split Fees - Some banks will not pay transfer fees. If the buyer offers to split those fees, the bank can feel more open to to accepting the offer. Same thing goes for escrow fees. Many banks negotiate reduce fees for title insurance. If the bank will pay for the owner's policy, the ALTA policy might cost a smidgen more. But it's still a good idea to let the bank choose title if you want your offer accepted.

Consider the Appraisal Consequences

If you offer over list price, bear in mind that the appraisal will need to substantiate that outlay. If you find yourself dealing with a low appraisal, you have options, so don't despair. Remember, the bank will most likely run into this issues with the next buyer who obtains financing.

In conclusion, I have provided you with eight strategies to consider in buying a REO property. Banks are eager to sale just as much as we are eager to purchase. To move to front of the line and dispense your competition, several things need to be oraganized. Find an REO realtor with the purpose of working with the banks and can collect the information for you. Do your own inspection and submit the results with your offer. By doing this, you can give the banks 0 days for the inspection period and they know that you are a serious "as-is" buyer. Your offer be supposed to be compared to sales in the prior 90 days only. You want to make your offer the lowest that the bank will accept, so determine what the bank purchased the property for and what the market will bear. In short sales, you can offer 82% od the BPO (Broker Price Opinion) minus the repairs and still have a good qualified offer that is below market value. After you get the property secured, you can flip the property to a buyers list for quicker profits. Do a back-to-back close and you can make thousands of dollars for working smarter and not harder. Stream line your game plan and you can and will have a very rewarding real estate investing career.



David M Arnold is an experienced Therapist, Counselor, Mediator, and Life Coach that brings his personal experience to help you achieve success. Areas of interests include Relationship Development, Business Development, Real Estate, Financial Coaching, Internet Marketing, and Healthcare.


Virtual Property Brokering - The Perfect Business

Lots of new business ideas, newbies friendly make money online
the easy way, step inside and learn how to make lots of money
using our ideas clone your way to success
http://bonrah35.bdc123.hop.clickbank.net/



 How Much Dose It Cost If It’s FREE? I’ll show you how to make $10,000 + a month for free YES free with no selling
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just following my step by step free system
http://instantpaydaynetwork.com/leachico


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Owning rental property vs.internet marketing


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Friday, 4 October 2013

How Real Estate Investors Should Market for Probate Leads

by: Duncan Wierman

Marketing for probate leads is much different than marketing for other type of properties. You do not have to be as aggressive as you do with other types of real estate. You are not facing as much competition and once you know where to look for leads you are set. That is really all there is to it. You have many options in where to find leads for probate real estate. The following will outline some great places to get leads and give you some tips to help you along the way.

Top Places to Look for Leads

The thing about probate investing is that it is quite a specific market. Where to look for leads is rather obvious when you think about it. Probate real estate is available because someone has passed away and left it behind. In most cases they will leave it to heirs, who are ready and willing to sell. All you have to do is find these heirs.

The first place to market for probate leads is with probate attorneys. You can pass your business card or even some brochures to probate attorneys who will then pass your information onto clients. It is the perfect way to find leads and the most simple option. However, you may not be catching every possible leads since not everyone will use a probate attorney.

Your other options are to advertise in local online newspapers on the internet and with local realtors. You can often gather up quite a few leads through these methods. Many people have no clue what to do with real estate that they have acquired. All they know is that they would rather have money for it than to be responsible for the property. They see your ad and they discover that you can help them.

Another option that you might consider if you are having some trouble getting leads through the other methods is to just get in the car and drive around. Look for abandoned properties. Then do some research to find out if what you find is a probate property.

Useful Tips

When you are marketing for probate leads the following tips can be a big help in assisting you to find good properties and to close the deal on them:

- If you are not sure of how to contact an heir on a property you have found then look at court records. These are public records that will be able to give you quite a bit of information.

- Do not be afraid to work with realtors. You might fear that you won't get a good price if you have to work with a realtor to get a property, but you have to understand that with probate real estate you often have no choice. Many heirs will not live in the area and will choose to have a realtor represent them. You either deal with the realtor or lose the property.

- Be ready for anything. Probate real estate are usually sold "As Is". The seller will not want to put money into fixing things and many times they will sell the property with all of the belongings and items still inside. This is not always bad. You may actually find some hidden treasures that could be rather valuable and prove to be profitable, letting you earn a little extra on the deal.

- Consider having cash ready. Sellers of probate real estate want to just get the deal done fast. If you have cash for them then chances are they will take whatever deal you offer and close the deal quickly.

Marketing for probate leads is pretty easy. Once you get started you will find that things take off rather quick and there is little to no need to do much more marketing. You can usually find a steady supply of leads through attorneys and some advertising. The probate market is pretty healthy no matter what the economy is doing, so it offers some stability that you can't find in other types of real estate investing. It really is worth your time to get yourself started in probate investing. There is no better time to get started right now. The market just keeps growing and there are plenty of great opportunities waiting for you.

Duncan Wierman is a full time investor in Greenville, SC. After spending $1,000's on courses and seminars that did not work (and were nothing more than sales pitches for more product, he finally decided enough was enough and release his own Hype free Probate real estate investing course and software to help people succeed. http://www.ProbateProfitsSystem.com

Virtual Property Brokering - The Perfect Business

Lots of new business ideas, newbies friendly make money online
the easy way, step inside and learn how to make lots of money
using our ideas clone your way to success
http://bonrah35.bdc123.hop.clickbank.net/



 How Much Dose It Cost If It’s FREE? I’ll show you how to make $10,000 + a month for free YES free with no selling
no product
just following my step by step free system
http://instantpaydaynetwork.com/leachico


Join The World of Online Dating


http://affiliates@newfriends4u.com//?a=1480



Wednesday, 2 October 2013

Dyson's Patent Protection Story - An Intellectual Property Lesson For Us All

by: Tim Bishop

Most people have heard of a Hoover, but almost as many have now heard of a Dyson, too, as the brand has become synonymous with innovation in vacuum cleaning, and in other household products, too.

Dyson's success - the company now has more than a third of the UK market for vacuum cleaners - has not been without conflict. One major factor in its advance has been make sure that its product innovations - in combination, the company's intellectual property - were carefully protected.

The story goes that James Dyson's inspiration for his cyclonic vacuum cleaner technology was the air extractor at a coating plant. And the initial frustration that had led him to seek inspiration, was the way that his regular vacuum cleaner became less efficient as its dust bag filled up.

Dyson had the good sense to consult an experienced intellectual property (or IP) lawyer who advised him to ensure his new technology was patented. And, thanks to that important step, he was in the ideal position to be able to defend himself against a much larger rival, when they developed a product that looked remarkably similar to his cyclone vacuum. That rival was Hoover, who Dyson took to court in 2000 to sue them for patent infringement. It is understood the successful claim meant around $5 million in damages - but more importantly, it stopped Hoover and others from copying the Dyson design and ensured his leading design had no clear rivals in the marketplace.

Hiring a specialist IP lawyer as Dyson did will make sure you are informed about the best way to protect your intellectual property, whether through use of a patent, or another route such as registering a trademark or a copyright. Early advice and action is vital; had Dyson waited until his first model was selling well, he could have laid himself open to having his proprietary design copied, without any legal protection or comeback against those benefiting from the sales of a product with a similar design.

With patents, the rules of patentability are specified by the law, with certain discoveries disallowed from the process. These exemptions include items already existing in nature, scientific theories, and some diagnostic methods. And to qualify, a new product must be capable of actual manufacture; and it has to be obviously new.

Taking advice on your intellectual property from an experienced, qualified IP Lawyer is hugely important when considering whether a patent is the best way forward for you, as well as when making sure that you have filed the documents properly and so afforded yourself the best commercial protection. Taking the right IP advice could mean your invention turns you into the next James Dyson!

For intellectual property advice you can trust, contact a specialist IP Lawyer (http://www.intellectual-property-lawyer.co.uk ) at Bonallack and Bishop. Tim Bishop is senior partner at the firm, responsible for all major strategic decisions. He has grown the firm by 1000% in 13 years and has plans for continued expansion.

Virtual Property Brokering - The Perfect Business

Lots of new business ideas, newbies friendly make money online
the easy way, step inside and learn how to make lots of money
using our ideas clone your way to success
http://bonrah35.bdc123.hop.clickbank.net/



 How Much Dose It Cost If It’s FREE? I’ll show you how to make $10,000 + a month for free YES free with no selling
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just following my step by step free system
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Join The World of Online Dating


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Tuesday, 1 October 2013

McEwan Fraser Legal - Internet Marketing / Property Matching


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Choosing a Network Marketing Company

by: Troy Rocavert

Choosing a network marketing company can be a difficult task. There are Literally hundreds of network marketing business opportunities to decide from and you could spend hours, even months finding the best one. Many people who search for a network marketing business will not get past the first step as the amount of opportunities and misleading information presented on the Internet is confusing.

We support you to keep strong, go after your dreams and keep on your journey to finding a home business that is right for you. The optimum way to keep on-course is to read through this article and apply our simple six step process.

1. Where to start?

The Direct Selling Association (DSA) web site is a great place to start when choosing a network marketing company. The Direct Selling Association (DSA) is the national trade association of the leading firms that manufacture and distribute goods and services sold directly to consumers. In fact, you will find 70 different categories of products and services, and over 200 different companies you can potentially choose a home based business from. These categories contain everything from financial services to Animal Care industries.

This means you automatically have a list of 200 companies and 70 different products and services that you could potentially partner your self with. You are not just limited to this list either. There are many more companies in network marketing who are not members of the DSA and there is a good reason for this. So we strongly recommend that you choose a company who is a DSA member for your own good.

2. What do you love to do?

One of most significant criteria when choosing a home based business opportunity is; will you love it? The most successful people in the world become successful because they really love what they do. Donald Trump, for example - property investor, over 60 years of age and still working, not because he needs to but because he loves to, there is a major difference.

Imagine a MLM business where you can wake up in the morning feeling energised and thrilled to go to work. Most people that are searching for a home based business do not enjoy their current employment, under paid or would prefer to be at home with their family. Whatever the reason, you must love what you do.

3. Look for a trend

In addition to working out what you love to do, you must look into the service or product the company has to offer and in particular the opportunity it has to grow. If you do some study into this topic you will find that one of the driving forces behind many of the economic trends over the past 60 years was directly related to the baby boomer’s spending. Why you may ask? Well, the baby boomer period accounts for one third of the world’s population and two thirds of the world’s spending. Leading economic forecasters have used these trends to predict where the baby boomers will next spend their dollars, namely Health and Wellness, and Financial Service industries.

4. Compensation Plan

What you need to look for is a lucrative Compensation Plan that allows anybody to succeed and succeed equally, not just those who are at the top. Personally we are big advocators of the Binary System, not because it is the most lucrative of compensation plans, but rather because it is the fairest compensation plan. If you been in the industry for numerous years and you are a power house, which only accounts for 1% of the network marketing population, then the Stair Step Breakaway plan will be the most lucrative for you, but for the rest of us regular people, we suggest that you stick to the binary system.

5. Choose a solid company

If you are going to put all your blood, sweat and tears into a MLM business, you want to choose a company that is going to be around for the long term. Research suggests that 90% of all MLM companies FAIL within their first 2 years, slightly stronger than a traditional small business where 80% will fail within their first year. There would be nothing worse than putting four or five years into a home business for it to fold, leaving you with no business and no residual income. So we strongly recommend you choose a MLM company that has been around longer than 5 years and is still growing.

6. The Product

There is two criteria that your product must meet, (1) your product must be consumable and (2) would you use it yourself? If the product meets these two requirements then the MLM Company receives a tick in this section.

Once you have finished this six step process, you will observe that you will be able to abolish 99% of the MLM companies and make your decision quite easy. But always remember, even the best MLM deal in the world will not make you wealthy without consistent hard work. We wish you all the best in your journey.



Troy Rocavert is the author and webmaster of http://www.network-marketing-business-school.com also, be sure to check out his http://www.network-marketing-business-school.com/network-marketing-blog.html blog.


Virtual Property Brokering - The Perfect Business

Lots of new business ideas, newbies friendly make money online
the easy way, step inside and learn how to make lots of money
using our ideas clone your way to success
http://bonrah35.bdc123.hop.clickbank.net/



 How Much Dose It Cost If It’s FREE? I’ll show you how to make $10,000 + a month for free YES free with no selling
no product
just following my step by step free system
http://instantpaydaynetwork.com/leachico


Join The World of Online Dating


http://affiliates@newfriends4u.com//?a=1480



Sunday, 29 September 2013

The Daegan Smith and Maximum Leverage Scam Exposed

by: Steve Hawk

Have you heard of this guy, Daegan Smith? He calls himself the King Of Never Having To Call A Single Lead.

Is Daegan Smith And Maximum Leverage A Scam?

After my research, I have to answer that question with a resounding "NO"! As with any internet marketing "Guru", you will see a ton of negative press. It's no different with Daegan Smith. I am not a member of his Inner Circle, but am investigating it for myself, so I thought I would provide you with a thorough and unbiased review of my findings regarding Daegan Smith and Maximum Leverage to determine if it's another internet scam or worth investing in.

What Is Maximum Leverage?

Daegan Smith's business is Maximum Leverage, an internet marketing training site for network marketers that he launched back in October 2009. His membership has been growing, with very few drop-outs, which is a positive sign.

He also shows a lot of video proof of his success, which indicates that he's being honest about his success. He's been an online marketer for 6 years and has made enough money working online to recently relocate to Maui from the Washington, DC area. I have to admit I'm jealous but being able to relocate to Maui is a good goal for the rest of us!

Maximum Leverage is all about teaching internet network marketers how to generate leads. Internet marketing is all about generating leads and there are many sites and systems that teach and help network marketers to do this.

What makes Maximum Leverage Different?

My answer to this question is Deagan's presentation style, which is very down to earth and easy to follow, along with his transparency with his business. I have attended a few webinars that he's put on for free and always walk away learning something new. Daegan opens up his business and shows attendees exactly how he generates leads (and he generates a lot of them!). This makes following along and understanding how to implement a new strategy very easy.

To find out more about Maximum Leverage, just click the link in my resource box.

Steve Hawk is a Network Marketing Leader, Success Coach and Entrepreneur. He specializes in Lead Generation and Business Building Strategies that help the network marketer with their online marketing efforts. He works to help build their global network marketing empire.

You can learn more about Steve at WhoIsSteveHawk. You can finish reading this article HERE

Virtual Property Brokering - The Perfect Business

Lots of new business ideas, newbies friendly make money online
the easy way, step inside and learn how to make lots of money
using our ideas clone your way to success
http://bonrah35.bdc123.hop.clickbank.net/



 How Much Dose It Cost If It’s FREE? I’ll show you how to make $10,000 + a month for free YES free with no selling
no product
just following my step by step free system
http://instantpaydaynetwork.com/leachico


Join The World of Online Dating


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Making Money In Ireland - Internet Marketing & Property With Conor McKeown!


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Saturday, 28 September 2013

Some Tips When Purchasing Property On PEI

by: Vishal Dwivedi

PEI is a little island paradise situated off the Canadian east coast in an area known as the Maritimes. PEI has a year round population of approximately 140,000 people but as it is a vacation destination in the summer, this number greatly increases. PEI is characterized by green, rolling hills and pastures and has a very rural feel to it. Many people come to PEI in the summer and decide that they would like to purchase a summer home here, so that they can spend all their free-time on the island or they are looking for a permanent home so they can move here, as homes and property on PEI represent a much better value than other places. Seniors can sell a home in Toronto or other large metro area and free up valuable investment capital by purchasing on PEI. When purchasing your PEI real estate you should consider some of the following tips.

You should retain the services of a PEI real estate agent. Ensure that your agent is well versed in both the laws (as there are some special laws that apply to non-islanders buying land) and the actual area. Most real estate agents specialize in certain areas. You may find agents who specialize in a city, such as Summer side and are knowledgeable on the areas and properties there, while others may specialize in the Borden/Charlotte Shore area, or West Prince etc. Do not be afraid to ask your prospective real estate agent questions to ensure that he/she is knowledgeable in your area.

Before looking at properties it is a good idea to fix your budget. There are many online calculators that will take your household income and debts and work out your maximum monthly payment, the amount of principal that payment will service and with the addition of your down payment, give you a final budget. Of course you can and should go to your lending institution and they will be able to help you determine your budget. Remember that with tight credit and many lenders being very careful about their lending practices, you will have to have a down-payment, zero down is really not in most cases an option. If you are relocating and purchasing a primary home you will need a minimum of 5% down - if you are buying a second home it is likely that you will need 25% of the home value as your down-payment in order to qualify for your mortgage.

As I referred to earlier there are special regulations that apply to those who are from off-island and wish to purchase property on the island. The Island Regulatory & Appeals Commission (IRAC) governs the purchase of land by non-islanders. The Commission was setup to prevent large tracts of land being bought up by outsiders creating a monopoly on the land. There are regulations pertaining to how much land a non-resident can own and the amount of water-frontage. This is simply an extra process that non-residents must go through and usually is not a problem. However non-resident offers should add the proviso, subject to IRAC approval. There is a fee of $500 or 1% of the agreed value of the property.

When purchasing a home on PEI, as anywhere, one should have a PEI real estate inspector do a thorough assessment of the home to ensure that you are not buying a home with expensive problems lurking below the surface. Many island homes are quite old, some 100 years or more. Some older homes still have a clay basement. While there is nothing wrong with a clay basement, people unfamiliar with them can find it quite scary and opt to raise the home and pour a concrete foundation. The cost of this should be considered when comparing a home with clay foundations to one that has already been placed on concrete. Naturally you should consider the age and condition of the roof, furnace, electric service, etc

If you are purchasing vacant land, be sure that a Perk Test is done before closing. A percolation test determines the absorption rate of soil for a septic drain field. The results of a perk test are needed to design a septic system. Without an acceptable Perk Test you could not build on your property. In addition to a Perk test make sure that the property is not contaminated. You can check on the web as the government has recently posted properties considered contaminated.

With the exception of IRAC the process of purchasing land and home on PEI is not much different than anywhere else in Canada. So go ahead, its a great investment in quiet living and enjoyable family holidays




Vishal Dwivedi is a consultant for PEI real estate. You can get more information about PEI real estate at here http://www.homesforsalepei.com/


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Thursday, 26 September 2013

How Debtors Hide Assets

by: Mark Shapiro

This is my opinion and a summary of what I have learned and observed. I am not a lawyer. If you need legal advice, contact a lawyer.

There are two schools of thought about people who hide their assets, or through careful planning, own nothing. Some think this is evil, and a sign of being a scoundrel. Others think hiding assets is smart. Someone who hides their assets before or during a lawsuit may both be smart and a scoundrel.

Scoundrel Debtors love default judgments as discovery can't be done on them, and they don't have to spend any money. It's all too common for people or companies (entities) to hide any or all assets at the first hint of legal trouble.

Any kind of asset (that can be seized to satisfy a judgment) can be hidden. Anytime a debtor moves an asset for the purpose of impairing a creditor's ability to collect, it is a fraudulently hidden asset or a "preferential" transfer.

When starting any asset search, the debtor and those closest to them is the place to start. Obvious connections should not be ignored.

The most common kind of asset hiding is moving assets to the name of a spouse, other relatives, friends (perhaps another scoundrel), business partners, or aliases of the scoundrel debtor's name (other names and/or social security numbers the debtor uses).

For the rest of this article, NAMES means all the possible aliases, people, or companies the scoundrel debtor may have hidden their assets with.

When a transfer takes place between the debtor and NAMES and the date is close to the date of a loan default, lawsuit, or bankruptcy; a suspicion of fraud "red flag" is raised. However, it's often difficult and expensive to prove fraud in court. One would hope if you can't collect from the scoundrel, then later on NAMES will defraud the scoundrel - to make karma work right.

It's extra hard to collect when a debtor moves assets overseas, to offshore accounts. Certain countries such as the Bahamas, Cayman Islands and Switzerland are known for their protectionist and secretive banking laws. These countries do not recognize claims through courts in other nations. In my opinion, this should be illegal, but that's the way it is.

Most hidden assets are liquid - bank accounts, stocks, bonds, and mutual funds. In most instances liquid assets are transferred into the names or bank safety deposit boxes of NAMES.

Another way scoundrels hide money is by converting it into traveler's checks, savings bonds, or stockbroker-like accounts. Other tricks are to pay down a mortgage, overpay the IRS, or pay down credit card balances.

Another way to hide liquid assets is to buy something valuable and small (to make hiding easy) such as art, or antiques. If you find these, you may be able to sell them with a sheriff's sale, if you first persuade a judge to sign a well-written "private place order"

When an asset is not liquid, such as real property, vehicles, boats, planes, etc; scoundrels can hide property by transferring ownership and title to NAMES.

The hardest asset hiding trick to undo is when a scoundrel transfers assets into a trust, such as a living trust, a Multi-Generation Trust, real estate, or offshore trust accounts.

Not every such transfer to a trust is fraudulent. What makes transfers fraudulent is their timing, and the ratio of the transfer, compared to the debtor's total net worth. If you can prove such a transfer was done in anticipation of, or during litigation or bankruptcy, it may be possible to reverse the transfer.

Another trick available to scoundrels is hiding assets in companies. One way companies shield themselves is to have a registered agent for service be unrelated to the company.

Often corporations list as the registered agent, an attorney who has no actual connection to the owners of the corporation. I think laws should be changed to make only an officer of a company eligible to be the registered agent for the (same) company.

Hiding assets in retirement plans is another trick that lets scoundrels keep money away from creditors.

How do you find assets and fraudulent transfers? There are four ways:

1) Online searches - if you have a lot of searching to do, it makes sense to sign up for a service, they are easy to find.

2) Mud searches - follow the debtor, see who visits them, look in the trash, etc.

3) Phone and personal searches - call or visit NAMES.

4) Legal requesting documents - bring NAMES to court to produce any documents that involve the debtor in any way. "Leave no stone unturned."

Who can do this?

1) You - yourself, if you are motivated and have the time.

2) You - you do the planning, and hire Private Investigators and lawyers.

3) A Collections lawyer or a Judgment Enforcer - you outsource the work and planning involved.

Mark D. Shapiro - Judgment Broker - http://www.JudgmentBuy.com

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Wednesday, 25 September 2013

The Golden Rule of Lending - How Banks Got it Wrong

by: Dominic Mazzone

It's time to address one of the most incredible misconceptions in the current environment around real estate lending, which is the idea that all real estate lending is high risk. I hear this often and I understand where it's coming from since it seems to be the media's favorite topic, but this generalization needs qualification. Anytime you are evaluating risk, regardless of whether or not it is a traditional or alternative investment, there are basic factors to be considered that go beyond a rough generalization.

If I asked the general population their risk assessment of government issued bonds, I would probably get an overwhelming response that they are low risk. Now if I were to provide a little more information, such that the government bonds are being issued by the Zimbabwe Government, does is still sound like low risk? I didn't think so, and you came to that conclusion because we got past the generalization and into the substance.

The same goes for any type of investment, with real estate and mortgage lending being no exception. In lending, the Golden Rule is don't lend against any asset that you could not easily sell to get your money back. This also works for investing because investing in a tangible asset allows you to also sell it to get your money back. A simple enough philosophy, and one that Asset Based Lending funds have lived by and many other financial institutions died by. So, now that we have the principal down, let's get the risk out in the open.

The real risk in real estate lending is not understanding valuations over the term of the loan, because valuations are the only thing protecting any asset. Granted, we have seen some historical price depreciation in such a short amount of time that even some conservative lending models have been caught by surprise. This is one of the fundamental issues surrounding the credit crisis and the subsequent government bailout, but let's leave that for another time. When it comes to lending money either short-term or long-term, if the asset value is less than what you expected, you have a good chance of losing money. It is because of this that, in my opinion, residential lending is extremely risky in the current environment because there are no clear valuations anymore. Appraisals for residential real estate are becoming somewhat worthless because a large part of the valuation process is based on comparables (prices paid recently for properties deemed comparable to the subject property). Since the supply of homes is swelling at an alarming rate from a bevy of foreclosures and property owners trying to sell their houses before they get foreclosed upon, prices are suffering. For example, if you try to sell your house for $500,000 but your neighbor who was being foreclosed upon sold for $350,000, then anyone buying your house is going to use that foreclosure sale as a comparable price and deem that your house is worth less than $500,000. Real valuations are actually pretty simple, and they are the price the market is willing to bear. Right now in the residential market, we don't know how low that price is going to go.

Income producing commercial real estate is an entirely different animal and that is because it has a non-subjective valuation formula. The income from commercial real estate is what defines the price, and deriving a valuation in this manner is called the Income Approach. The typical calculation that is used by most real estate professionals involves what is called the Capitalization Rate (CAP). This is a simple calculation that takes the cost of a property and divides it by its income. CAP = Cost / Net income before debt. E.g., a $1 million building that produces $100,000 of net income before debt has a CAP rate of 10%. This means that the investment is producing a 10% return before debt, and also that it technically could pay itself off in 10 years. The higher the CAP rate, the more income the property produces in relation to the price paid for the property.

When evaluating a building with this approach, the devil is in the details and the details are the cash flow numbers. If you take a conservative approach to the numbers, then you will get a conservative value. I realize it sounds simplistic, but what many banks were doing during the boom is ignoring realistic estimates of vacancies, costs, and other factors, and then taking all of this and allowing low CAP rates below 8. In this cycle, it's my opinion as well as many of my colleagues in the industry that we should now be looking at 10 CAPs and above as that is where the market is going. In the alternative investment fund that I manage, we are now looking at 12 caps and above to properly mitigate risk. The laymen might say that this approach is not very accurate because they could claim the property is in a great location where real estate is just perceived to be a lot higher. The answer to that is a perfect illustration of our old friends, supply and demand. If a property is in a great location it should command a better rental price thus increasing the cash flow which would increase the overall value. Any Asset Based Lending Fund that lends on assets, receivables, or real estate has number-driven guidelines that don't allow for subjective perception. This was supposed to be the case in the underwriting rooms of banks, but the need for volume blurred the lines of reality.

If banks were lending with income approach prudence on residential property, there would never have been the incredible perception driven appreciation in housing and the subsequent crash we are seeing now. Most people don't understand that the banks who loaned them money were selling the loans to someone else, so there weren't any direct or immediate consequences to the banks that used these liberal valuations. This lack of consequence helped create the credit crisis, the meltdown, and a bad connotation associated with lending. Real estate and real estate lending still remain very viable alternative investment options, but again it's the process that dictates the result. So remember, the next time you or anyone you know is going to lend or invest without heeding the Golden Rule, make sure the consequences are known because ending up with a lump of coal instead of a lump of gold is a lesson better studied than learned.



Copyright: Dominic Mazzone, Regent Global Funds 2008

This article was written by Dominic Mazzone, Managing Partner and Fund Manager of Regent Global Funds.

This article and others like it can be viewed at http://www.investingsymposium.com which is part of the Regent Global Funds Network.

Regent Global Funds, http://www.rgfunds.com, is an alternative investment fund that offers its participating investors and asset backed investment through asset based lending.

The Fund Managers of Regent Global Funds have an expertise in commercial real estate lending and have created a successful alternative investment vehicle that is diversified through this structure.

They separate themselves from other fund mangers by personally investing their own money side-by-side with their investors in the fund, creating an absolute structure of accountability. Dominic Mazzone has written about the need for this type of accountability in an article titled "Fund Managers Need to be Accessible and Personally Invested."


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Monday, 23 September 2013

Write About Something That Will Change Your Life!

by: Suzanne Harrison

It's been said that you should "write about what you know". It's also been said that doing that condemns you to a life of boredom as you'll never grow beyond your current limitations.

Not very helpful, is it?

It's also been said that you should write about what you're passionate about, interested in or otherwise taken by, as you'll spend so much time researching it, writing it and rewriting it, that it had better light your fire, or it will drive you insane. And then again, others say don't tackle a topic you know nothing about, you should write what you know....

And so we go around in ever decreasing circles.

I actually subscribe to the "write what you know" line of thought, but with a bit of a twist. I encourage writers to write about what they know on an emotional level.

Try writing a story that heals YOU. Emotions are the universal language. We all feel the same feelings, we may just experience them in different ways. We all recognize joy, love, peace, anger, resentment, jealousy and fear and when you tap into this universal language with your stories, you speak to the hearts of all readers. As you and your characters go on the roller coaster ride, your readers will go with you, and as you and your characters heal, so too will your readers see a way out for themselves.

Have you ever read a novel that's changed your way of looking at the world? I certainly have. Try this simple tip, and you'll soon be writing stories that change lives as well, including your own.

Write about something that will change your life.

Now by this I don't mean sitting back and thinking, "What would change my life? I know! Divorcing my wife/leaving my job/selling my business and trekking across Africa/buying a ski lodge in Switzerland/running for President". That's not the type of change I'm talking about.

I'm talking about real change - the type of change that starts on the inside and works its way out. And while it may eventually manifest in divorce, resignation, liquidation, traveling, new businesses or political aspirations, it is not the way the change looks on the outside that matters as much as how it looks on the inside. And once you get the inside right, the outside takes care of itself.

As writers of fiction we are constantly living inside our own imaginations, aren't we? True creativity occurs when experience meets imagination. The best way to write stories that resonate with others, that capture them from the first page and don't let them go until the last, is for you, as the writer, to delve into your own basement of emotional experience and retrieve images of universal resonance to deliver to your readers.

JK Rowling said that the Dementors were definitely born of her own depression. The mirror of Erised was her own desperate desire to spend just five more minutes with her own mother, who passed away as she wrote Harry Potter and the Philosopher's Stone. Harry's search for a family of his own was paralleled by Jo Rowling's desire for the very same thing in her own life.

You need courage to be a fiction writer. Courage to expose your own wounds, courage to go to the places you haven't been before to heal them, and courage to decide you have the strength to go on the journey in the first place.

We have all had our ups and downs in life. And saved somewhere in our unconscious databases, are all the emotions, all the traumas, all the joys and all the images of our lives. As you access these buried emotions, a curious thing will happen. You won't necessarily relive the actual events that happened to you. By drawing on the emotion, and allowing it to be your guide, your imagination will fill in the missing bits, and you'll find yourself retrieving images, scenes and situations that may be very different to your own actual experience. Writing a memoir or autobiography is not the goal. Writing a story with emotional resonance that others will want to read is.

Try this simple exercise: Sit with your feet flat on the floor, hands resting on your thighs, your eyes closed. Take 3 to 5 deep breaths. Now in your mind's eye, see a spotlight shining on a brightly lit stage. Step into the spotlight. Take a few seconds to grow accustomed to the shift in perspective. Now I want you to feel real anger. Feel the heat of it coursing through your body. How dare they? What right do they have? Ask yourself these questions over and over in your mind until you have worked yourself up into a white heat of fury. Now in your mind's eye, allow an image to form around you, the source of your anger. What's happening? Who is there? What can you hear? Coming up with a first sentence, write for 10 minutes on what happens next.

When you've completed this exercise, take a break, or come back tomorrow and try this next exercise. Following exactly the same process, feel forgiveness instead of anger. Allow the sense of true forgiveness to envelope you. Then when you are ready, allow an image to rise in your mind's eye, and coming up with a first sentence, write for 10 minutes.

Did these two pieces of writing connect at all? Did the forgiveness relate to the anger, or vice versa? Don't worry if they didn't. Just know that as you utilize this process when writing a story, you will write a progressive story of great emotional resonance, and in so doing, you will be unconsciously training yourself to experience this journey in your own life.

This is a simple exercise to show you the power of accessing your unconscious through emotion. Once you become accustomed to using this method, you will find all kinds of magical thing occurring to your writing, and all kinds of wonderful healing occurring in your own life.

Writers of non-fiction are bound to an extent by the limitations of science and provable fact. They can speculate, philosophize and hypothesize, but until someone can come up with "proof in a test tube", it is essentially speculation.

When you write a story, with a character confronting their issues, overcoming their obstacles, facing their demons and changing their lives, you are unconsciously writing a guidebook that shows others how to make those changes too. Fiction writers offer real solutions. Real emotional solutions. We may not show you how to fly to the moon, or how to crack the property market and walk off with millions, or how to build a successful e-commerce business from home, but we can show you how to really live your life, how to relate to others, how to relate to yourself, how to heal relationships and how to lead more blissful lives.

And that's pretty terrific, don't you think?



Suzanne Harrison is the Director of Writers Central and author of four creative writing, short story and novel courses. Her vibrant online courses and community provide members with a forum to connect, learn and grow, plus competitions, reviews and 24/7 feedback. http://www.writerscentral.com.au


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