Real Estate & Investing

Over 90% of the richest people in the World have become wealthy through investing in property. As well as this, a large portion of the people that didn’t become wealthy through property, now use property as their preferred investment vehicle to either create more wealth or to protect the wealth they already have.
This article will teach you 5 steps to property investing success. After reading it you should have a better understanding of what it takes to become wealthy through property and what sort of sacrifices you will have to make to get there.
1. Make better use of your time. What do you currently spend most of your time doing? Most people spend the majority of their time indulging in two activities. They are either at work or they are sleeping. In fact, including the commute to work, many people spend about 18 hours of every working day doing these activities. However, what they do with the other 6 hours and what they do with their days off (assuming they have that luxury) is what holds the key to their property investing success.
You might do vital things like get time with your family, but what about things like watching T.V. or playing video games, or even going down the pub. If you sat down with a pen and paper and wrote down how much time you spend on these, none essential activities, you might be surprised at how much time you are wasting that could be spent doing other things, such as learning about money making or actively investing in property. Including the weekends, many people spend about 18 hours a week, watching T.V. If you could cut this down to about 5 hours a week, it could have a massive impact on your life.
Successful people generally don’t spend every afternoon, sat glued to watching Eastenders. Do you really think that this is how Richard Branson or Philip Green spends their time?
Cut down, or cut out totally, anything that you currently spend your time on that has know real benefit to your future happiness, wealth and prosperity. Once you have decided what you want out of life, then focus your energy into activites that will help you achieve your goals.
2. Make your money work for you. If you are used to getting paid an hourly or a daily rate, then the chances are you are probably not very wealthy. It’s a fact that the richest people in the World do not get paid by the hour. They master how to get their money to work for them so that even while they are sleeping they are accumulating wealth. This maybe the single most important thing you should learn to you help get you out of the rat race.
3. Set goals. Setting goals is crucial to your success. You need to set clear goals otherwise you will lack focus and purpose in your plans. There is a small chance you might be successful, but if you set goals you are much more likely to be even more successful. You need to plan where you want to go and what you want to do. On top of this you need to understand why you want to achieve what you want to achieve.
4. Strategy. Setting you goals will set out what you want to achieve, but planning your strategy will tell you exactly, HOW you are going to achieve it. Goals are useless without a strategy of how to achieve them. When you are writing down your strategy you need to think of everything that might crop up and put a spanner in the Works, then you need to plan how you will overcome it.
5. Mix with the right people. This can be online through property forums or in person at property networking events or any other way you can think of. It is vital to your investing success that you mix with people that have similar goals to you and/or that have already achieved what you want to achieve. You might find that most of your friends tell you that there is no longer money in property and to give it up. The only way you are going to be able to continue to believe in the face of negativity from those who care for you is if you have proof around you of those that have succeeded and continue to do so.
It still is, and perhaps always will be, possible to achieve property investing success. This success is available to anyone who is prepared to follow the steps and make the sacrifices today that will insure their future tomorrow.

Over 90% of the richest people in the World have become wealthy through investing in property. As well as this, a large portion of the people that didn’t become wealthy through property, now use property as their preferred investment vehicle to either create more wealth or to protect the wealth they already have.

This article will teach you 5 steps to property investing success. After reading it you should have a better understanding of what it takes to become wealthy through property and what sort of sacrifices you will have to make to get there.

1. Make better use of your time. What do you currently spend most of your time doing? Most people spend the majority of their time indulging in two activities. They are either at work or they are sleeping. In fact, including the commute to work, many people spend about 18 hours of every working day doing these activities. However, what they do with the other 6 hours and what they do with their days off (assuming they have that luxury) is what holds the key to their property investing success.

You might do vital things like get time with your family, but what about things like watching T.V. or playing video games, or even going down the pub. If you sat down with a pen and paper and wrote down how much time you spend on these, none essential activities, you might be surprised at how much time you are wasting that could be spent doing other things, such as learning about money making or actively investing in property. Including the weekends, many people spend about 18 hours a week, watching T.V. If you could cut this down to about 5 hours a week, it could have a massive impact on your life.

Successful people generally don’t spend every afternoon, sat glued to watching Eastenders. Do you really think that this is how Richard Branson or Philip Green spends their time?

Cut down on the amount of time you spend doing things that have no real benefit to your future happiness, and instead invest this time on more productive activities, such as learning how to achieve property investing success.

2. Make your money work for you. If you are used to getting paid an hourly or a daily rate, then the chances are you are probably not very wealthy. The wealthiest people in the World do not generally get paid an hourly rate. They master how to get their money to work for them so that even while they are sleeping they are accumulating wealth. This maybe the single most important thing you should learn to you help get you out of the rat race.

3. Set goals. Learning how to set goals correctly is crucial to your property investing success. You need to set clear goals otherwise you will lack focus and purpose in your plans. There is a small chance you might be successful, but if you set goals you are much more likely to be even more successful. You need to plan where you want to go and what you want to do. On top of this you need to understand why you want to achieve what you want to achieve.

4. Strategy. Setting you goals will set out what you want to achieve, but planning your strategy will tell you exactly, HOW you are going to achieve it. Goals are virtually useless unless you have a clear strategy and plan of how you are going to achieve them. When you are writing down your strategy you need to think of everything that might crop up and put a spanner in the Works, then you need to plan how you will overcome it.

5. Mix with the right people. This can be online through property forums or in person at property networking events or any other way you can think of. It is vital to your investing success that you mix with people that have similar goals to you and/or that have already achieved what you want to achieve. You might all of a sudden find that all your friends and relatives are telling you that now is not the time to get into property and that you have already missed your chance of making serious money from investing. The only way you are going to be able to continue to believe in the face of negativity from those who care for you is if you have proof around you of those that have succeeded and continue to do so.

It still is, and perhaps always will be, possible to achieve property investing success. This success is available to anyone who is prepared to follow the steps and make the sacrifices today that will insure their future tomorrow.

The credit crunch has forced many people in the UK to divest themselves of some of their assets. This is a normal reaction to a declining market. But what about those property investing entrepreneurs who have chosen to hold on to their investments, are adding to their portfolio and are even taking advantage of the credit crunch? Why are these investors acting differently from the many others in the midst of a so-called gloomy outlook?
Holding on to your property
It isn’t surprising that many property investors have wisely opted to hang on to their properties in spite of a slowdown. Property is regarded as the best option for long-term capital growth and it provides an opportunity to earn long-term profits especially for those who buy in the right place at the right time. Over the long term, property prices have the tendency to move in cycles with property doubling in value generally every seven to ten years. This means that an investment property such as a buy to let investment property can be a prudent choice as long as it’s selected carefully and with expert guidance.
Also, the present buyers market has resulted in less confident banks and fewer suitable mortgage products for borrowers. Due to this, the number of potential buyers has considerably declined. This means that a property may not sell unless the owner prices it way below market value. Selling in the current market also poses a few disadvantages such as agents’ fees, solicitor’s fees and capital gains tax for those who own the property as a 2nd home or investment property.
Adding to your portfolio
Many investors have found that the present market is a good time to add to their portfolio. This is because of the glut of affordable properties being put up for sale in the market. Auctions in particular are good sources of cheap properties such as repossessed homes that can be acquired for as low as 30% below market value. As part of a smart property investing strategy, the key to making a good investment is to acquire properties at BMV prices. It doesn’t only provide enormous profits. It’s also the secret to obtaining little or no money down financing – an excellent strategy for investors looking to expand their portfolio.
A buy to let property is considered a good addition to a property portfolio. Buy to let has been viewed by many as a stable and resilient market because of the considerable returns it has generated. One important aspect about the buy to let industry is that the rental market is predicted to remain strong due to robust demand from tenants and from young professionals who have decided to forgo making a property purchase until a later phase in their lives as a result of the scarcity of mortgage products available for them.
Taking advantage of the credit crunch
While a credit crunch is extremely unfavourable for many, benefiting from it isn’t an improbability. As bad as it may sound, the economic downturn still poses a number of opportunities for the property investor. One is that you can take advantage of the competitive rates being offered by pursuing alteration plans for your property. The slowdown in the economy means that people will consider remaining in their current homes for a longer period which means that owners will be inclined to implement improvements on their properties.
Therefore a decline in the property market doesn’t have to be all doom and gloom. As long as you know how to play your cards right and implement effective property investing techniques, you’ll be able to survive the current property market.

The Millionaire Real Estate Series
More than 1,000,000 copies sold!

SHIFTS happen…

Markets shift, and you can too. Sometimes you’ll shift in response to a falling market, and other times you’ll shift to take your business to the next level. Both can transform your business and your life. You can change your thinking, your focus, your actions, and, ultimately, your results to get back in the game and ahead of the competition. The tactics that jump-start your business in tough times will power it forward in good times. No matter the market-shift!

SHIFT explores twelve proven strategies for achieving success in any real estate market, including

• Master the Market of the Moment: Short Sales, Foreclosures, and REOs
• Create Urgency: Overcoming Buyer Reluctance
• Re-Margin Your Business: Expense Management
• Find the Motivated: Lead Generation
• Expand the Options: Creative Financing

About the Author

Gary Keller launched his sales career and later Keller Williams Realty International during two of the worst downturns in the recent history of the real estate market. With SHIFT, Gary and coauthors Dave Jenks and Jay Papasan deliver an authoritative resource for surviving and thriving in a shifted real estate market and the latest book in the bestselling Millionaire Real Estate Series.

In precise and entertaining chapters – each culminating with very specific ‘action steps’ for readers to follow – author Ken McElroy offers real estate investing stories from the trenches and wisdom. Chapters include:

It Takes a Team – Understanding it takes a team to be successful in real estate, determine whether you want a partner and evaluate partner candidates based on the qualities required for a good partnership Research Can Be Fun?

- Become familiar with online resources such as newspapers, trade publications, government and trade organisation websites Swamp Land For Sale

- Stay away from gut feelings. Select one market, preferably one close to home, that you may be interested in. You Own It…Now What?

- set up your systems for maintenance, accounting and rent collection. Get involved in local supporting professional affiliations. Enforce the policies and procedures in the lease without exception and respond quickly to your residents with a smile!

About the Author
Ken McElroy, CEO of MC Management, has over 20 years of real estate experience with 4300 units under construction and management.

A clear look at how to capture investment profits during difficult financial times

The U.S. economy has become crippled by the credit and real estate catastrophe. Even though we’ve all been affected by the calamity and have heard no shortage of news about it, it still seems unfathomable and utterly incomprehensible to most people that the actions of certain mortgage brokers, bankers, ratings agencies, and investment banks could break the economic engine of the world.

Now, for the first time, and in terms everyone can grasp, noted analysts and value investing experts Whitney Tilson and Glenn Tongue explain not only how it happened, but shows that the tsunami of credit problems isn’t over. The second wave has yet to come. But if you know catastrophe is looming, you can sidestep the train wreck-and even profit. You just need to understand how bad times present opportunity and where to look. More Mortgage Meltdown can help you achieve this goal. The book

• Breaks down the complex mortgage products and rocket-science securities Wall Street created
• Addresses how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis
• Explains exactly how the combination of aggressive lending, government missteps, and Wall Street trading practices created the perfect economic storm
• Shows you why the crisis is not yet over and what we can expect going forward

More Mortgage Meltdown can help you understand the events that have unfolded, and put you in a better position to profit from the opportunities that arise during these tough financial times.