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.

• A few companies offer no interest loans to first-time borrowers. Find them. Be aware of length of loan and any other terms to help you choose best payday loan lender. Be sure you know total amount you’ll have to repay before you take cash.

• Always read fine print.

• Pay loan when it is due, on your next payday. The payday loan period may be extended, but you’ll have to pay additional (and large) interest and finance fees. Also, if you do not repay loan with your next paycheck, lender may even automatically renew loan by withdrawing fees from your checking account. This could cause you to be overdrawn and incur penalties from both lender and your bank.

Meet Frank: A Real-World Payday Loan Story

Frank’s car broke down and he needed $300 fast. Panicking, he went online and chose first web payday lender he found. He filled out simple form and had his money in his checking account next day to be repaid in a week. The fee was $30.

When payday came, Frank couldn’t afford to pay back $330 so he asked for an extension, which he got for another $30. So next payday Frank had to pay $360 to cover his $300 payday loan.

If Frank continued doing this for a year, he would end up paying $1560 in fees. Most likely, lender wouldn’t let loan ride for that long. But this shows how expensive payday loan fees really are, when you compare them with interest on bank loans or even credit cards.

What should Frank had done?

• Frank should have looked at more than one web payday lender, checking for best terms and lowest interest rate.

• After choosing a lender, he should have checked it out with Better Business Bureau to be sure it is reputable.

• He should have had a plan for repaying web loan before he got money so that he could have paid loan on payday and not needed an extension.

So, how can you do better than Frank?

Payday loans or cash advances are lifesavers for short-term, small cash problems. With thought and care, you can solve your temporary money problems quickly without making your long-term financial situation worse. Start your search for a great payday loan at a reputable website today.