• Have bad credit? Try going to your credit union, bank or another institution where you have a relationship. Lenders like to help out established customers. If your bank still won’t help, online “bad credit auto loan” lenders usually offer better less expensive loans than dealers who advertise their great deals for people with poor credit.

• Use a vehicle loan calculator. It will tell you what your loan will cost each month. It saves you time of looking at vehicles you can’t afford, makes you aware of what information you’ll need to apply for a loan, and is a “reality check” of your financial condition.

• Comparison shop, comparison shop, comparison shop. You don’t get least expensive car by choosing a dealer at random, and you won’t get least expensive auto loan that way, either.

If you've been to auctions or looked at properties which have not sold in a while and are being no longer advertised, follow up on them. After so much hassle of advertising house and no sale, vender may be tempted to sell at a discount.

Buying strategies:

Instead of looking for properties to purchase, let properties come to you. Get your own add in your local Newspaper saying something like," Serious property buyer, wants to buy houses from motivated sellers quickly". You'll be surprised at number of calls you'll receive.

Don't reveal all your cards, as in try not to say why you want property or how quickly you want to buy. Never make first offer, let seller make it. Once seller states their price tag, say you want twice discount you want off their price. So for example, seller says they will sell it for $100,000 and you want a 5% discount, (5% of 100,000 = 5,000. 5,000*2 =10,000) offer $90,000 and counter offer up from there.

Staple a check for deposit payment to your next offer. If seller countersigns contract and banks check they have accepted deal. The psychological impact of this tactic is amazing. This tactic shows seller that you are deadly serious about purchasing property quickly. It is also very tempting to just bank check right now even though they will be selling property at a discount.

Don't put emotions into picture. Even if you are purchasing a house that will be your home, just because you think a bathroom looks 'adorable' you must not be willing to pay any more than its worth! This especially applies at auctions where atmosphere makes it very hard to not bid.

Can I loose equity that I have created:

Yes, but not likely. If you are savvy about it you can time your purchased property to gain even more equity from appreciation of housing market in addition to creating immediate equity.

Increase of real estate value by percentage in Australian Districts

To look at graph: http://www.use-your-equity.com/BuyingHousesatadiscount.html

As we can see from graph, housing prices eventually all go up due to increasing demand.

The only time you can loose money is if you sell. If you never sell you will never loose money. You may loose equity when market goes into recession, but eventually as population and demand for housing increases property you have purchased will appreciate. If you are looking to continuously gain equity you must purchase in high capital gain areas.

When market is booming try to purchase properties for a 5%-10% discount.

When market is flat try to purchase properties for a 10%-15% discount. When market is in recession try to purchase properties for a 15%-30% discount.

http://www.use-your-equity.com For information on real estate investing, investing, and how you can use and create equity in your home.