Why A Team For Real Estate Investment?

Written by Steve Gillman

I had a hard time at first with real estate investment. One ofrepparttar reasons was that I tended to be a "lone wolf," trying to do too much myself. I've since learned that to really do well investing in real estate, you need to have a team of people you can trust and rely on. Here are some possible team members, and what they need to be onrepparttar 148592 team.

1. Real estate agent. A licensed agent with experience inrepparttar 148593 area you invest in and access torepparttar 148594 MLS (Multiple Listing Service), can be a great help. If she is a seller's agent, she can still ethically bringrepparttar 148595 best deals to you once she knows you're a serious buyer.

2. Real estate attorney. This should be someone familiar withrepparttar 148596 laws and legal customs of your area, and have experience withrepparttar 148597 type of deals you intend to do (If you are buying rentals, she should be familiar with doing evictions, for example.)

3. Accountant or bookkeeper. Keeping proper books for real estate investments is getting more complicated with allrepparttar 148598 tax-law changes. Find someone that understandsrepparttar 148599 law, and what you want.

4. Mortgage broker or banker. The first can offer many options, butrepparttar 148600 second can makerepparttar 148601 loan decision. Each has their advantages, and you could use both. In either case it's important that they understand what you want (fast closings, lower interest, corporate loans?)

5. Appraiser. Not only can a good appraiser give you an accurate valuation of a property, but they should be able to suggest ways in which you can raiserepparttar 148602 value of a property. Use someone that will talk to you.

Successful Trading – Taking Profits - Part 2

Written by Chuck Cox

Suppose your position has made a big move and you moved your stop to your purchase price as recommended. Then let’s say your stock continues to make a big move and now we’re asking againrepparttar questions we asked back inrepparttar 148591 first paragraph. The first profit taking technique you can use is a trailing stop. If you moved your stop to your purchase price, then you’ve already used a trailing stop. Now you can continue to move your stop up asrepparttar 148592 price rises untilrepparttar 148593 market “stops” you out ofrepparttar 148594 position. So in essence, what you’re doing is lettingrepparttar 148595 market decide when to take profits.

Bear in mind that you don’t have to userepparttar 148596 same price gap that was used when you first set your stop. That initial move was done to protect your account – once you’ve takenrepparttar 148597 threat of a losing trade away from your account, you can do most anything with your stop after that. One approach that some traders use is to place their stop atrepparttar 148598 half way point between their purchase price andrepparttar 148599 present price. This approach is giving half of your profits back torepparttar 148600 markets, but it’ll keep you inrepparttar 148601 market longer givingrepparttar 148602 stock plenty of room to move. A variation of this approach is to move up your stop torepparttar 148603 75% profit level after a period of time has elapsed.

Another profit taking technique for traders is

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