How To Become A Savvy Real Estate Investor

Written by Jamie Madison


If you’ve turned onrepparttar television lately, at some point you'll hearrepparttar 111972 experts praisingrepparttar 111973 virtues of diversification. Real estate has long been considered a conservative, long-term strategy to growing wealth. While some seasoned real estate investors make it look easy, to be successful, beginners should follow some basic principles.

Learn all you can. Consider attending a seminar or talking with individuals who are experienced in real estate investing. Look for people in your area or search for investor information on your favorite search engine.

Before committing your cash, you should have a fundamental understanding of real estate. For example, be aware that, in general, investment properties are not liquid investments. Barring exceptional circumstances, real estate does not sell at a moment's notice. It could take days or months to sell a property, depending onrepparttar 111974 strength of your local market conditions.

Consider your financial goals. It is possible to make a lot of money. However, you need to determine how hard you are going to work to do it, and how long you intend to keep each property. With each investment unit, you'll need to take into account cash flow, appreciation, equity, and depreciation. Talk with your accountant about tax liabilities and benefits.

Consider cash flow. You'll need to have enough capital on hand to cover any short-term losses due to vacancies between tenants, repairs, property management, taxes, mortgage, etc.

Start small. Look into buying a single family home or a duplex. Leave large apartment buildings and commercial properties torepparttar 111975 professionals.

Inquire at your local Chamber of Commerce about companies relocating into or out ofrepparttar 111976 area. Company movement is one indicator of demand for rental and/or office space.

Find a property that will be in demand when you are ready to resell. Look for a moderately priced home on a quiet street with three or four bedrooms, two bathrooms, and a garage.

Avoiding ID Theft and Credit Fraud

Written by Eve Abbott, the Organizer Extraordinaire


AVOIDING ID THEFT AND CREDIT FRAUD Article excerpted fromrepparttar new book, “How to Do Space Age Work with a Stone Age Brain” TM copyright 2004, all rights reserved, by Eve Abbott,repparttar 111971 Organizer Extraordinaire

Each year billions of dollars in credit fraud is perpetrated on unsuspecting citizens. With so much personal information publicly available (or easily available to someone with medium computing skills) it is essential to develop good habits to prevent your information from falling into criminal hands. It is possible for someone to create an entire identity (get driver's license, etc.) based on just a few pieces of information.

I know of an employee who sustained an on-the-job injury then applied for disability. He was shocked when they turned him down. According to Workmen's Compensation records he had been collecting disability forrepparttar 111972 last year and a half. Someone had gotten their hands on enough information to drain his account!

It can take years and thousands of dollars to correct an identity theft, credit fraud or a simple key entry error by a clerk at a Credit Bureau. It takes minutes for you to do these simple tips:

Destroy all pre-approved credit offers you get inrepparttar 111973 mail before you discard them. Otherwise, someone can fill out a new address and get credit in your name. Use a paper-shredder for all documents with your financial or legal information included. Sign all your credit cards with 'Please ask for photo ID' instead of your signature.

Never give out your SSN or credit card information onrepparttar 111974 phone unless you initiaterepparttar 111975 call and you know to whom you are talking. Never carry your social security number in your wallet.

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