Finance: Debt Getting You Down?

Debt Getting You Down? - Make a List!

Written by Emmanuel Mendonca

Debt whether it be mortgage debt, credit card debt, a student loan or anything else is not much fun and when faced with it, people sometimes look for complicated debt solutions and often overlook repparttar

many simple ways that you can save money. Believe it or not, one of repparttar 145255

simplest and most effective debt solutions is to get hold of a pen and a piece of paper and make a list. By this I mean that keeping a daily record of your expenditure can reveal some interesting facts about your spending and point you in repparttar 145256

direction of how you can make easy savings right away. My Father first introduced me to this, showing me repparttar 145257

little piece of paper that he kept in his wallet. But at repparttar 145258

time I ignored his advice – big mistake. It was only a few years later that I tried it, when I wanted to start saving money in order to make a dent in my mortgage loan. But this debt solution is not only useful for helping you to pay off a mortgage - it can help with many other types of debt.

At repparttar 145259 beginning of each month, I would just tear a piece off an old envelope and write my salary at repparttar 145260 top and then immediately subtract repparttar 145261 amount I want to save in order to pay off my mortgage debt. I could then clearly see how much I money I had to get me through repparttar 145262 month. I then simply subtracted everything I spent, when I spent it and kept a running total. The key to this is to writing down absolutely everything, no matter how small. I found that it was really easy to do – I would either write something down on repparttar 145263 list as soon as I spent repparttar 145264 money or take two minutes to do it in repparttar 145265 evening. Whenever there was a fairly large sum on repparttar 145266 list, I would just write down what it was next to repparttar 145267 amount, so that I could remember.

Is 100% Annual Return On Investments Possible With Low Risk Land Investments?

Written by Chris Anderson, PhD

In last week’s article, we discussed how substantial profits could be made by investing where baby boomers may want to relocate or buy a second home. This seemed to confuse readers since they were thinking that our web site is about preconstruction and preconstruction to them means buying condos…… In this article, I hope to broaden your horizons considerably.

Unlike many people, I have a very broad definition of preconstruction investing which can be summarized as follows:

Preconstruction investing is repparttar pursuit of real estate projects that offer repparttar 145254 opportunity to ride rapidly increasing prices over time without repparttar 145255 need to put tenants in place to defray costs. Since no tenants are involved, this opens repparttar 145256 possibility to making investments in locales that are far removed from where you live.

If you adopt this point of view, then a whole world of “alternative” preconstruction investments opens up to you. Today, we are going to look at one specific type of investment: investing in developing land projects where baby boomers might want to retire or own a second home.

Before we get into repparttar 145257 specifics, let’s talk about what all investors want: •Low risk •Good investment returns; and •Minimal use of their capital; Quite frankly, these 3 reasons are what got me into preconstruction real estate investing in repparttar 145258 first place. Now let’s see how these might be achieved on a purchase of investment land that we believe to be VERY desirable to baby boomers.

Suppose we are considering repparttar 145259 purchase of a piece of property for speculation of future returns. If, like me, you believe in repparttar 145260 impact of repparttar 145261 baby boomers, then you will do 3 things to control your risk: 1.Carefully select a land project where you are solidly convinced that baby boomers will want to possess it at any costs; 2.Make sure that you believe that baby boomers will be AWARE of this project in repparttar 145262 future do to somebody’s marketing; and 3.Manage your finances and investment portfolio so that if you are wrong and you do take a loss, it is not catastrophic to you. For repparttar 145263 time being, let’s assume that you have met these conditions on a project and now you are ready to analyze your returns and your use of capital.

Now we have to resort to hard analysis. Let’s look at repparttar 145264 following ASSUMPTIONS: 1.The land project is assumed to increase at least 25%/Yr in price; 2.We plan on holding repparttar 145265 land for 2 yrs and then resell. 3.$200,000 purchase price with $5,000 in closing costs. 4.Annual taxes/association fees of 1%.

Let’s take a look at three cases in a spreadsheet format to how things might turn out under this scenario. (See Spreadsheet In Article Here) Case 1: 10% down payment, interest only, all payments made by BUYER. Case 2: 10% down payment, interest only, all payments made by SELLER. Case 3: 5% down payment, interest only, all payments made by SELLER.

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