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The Huckster

Predicting the future is a very hard thing to do especially when it involves investments. Calls come into my office quite regularly by people trying to sell gold, silver, stocks, and gas oil. They make claims about how wealthy you can get. They have all kinds of voodoo evidence as to how these investments are going to take off in a short period of time. You have probably experienced a similar situation. And the fact is no one can control the markets let alone predict with any accuracy. One thing they have is a 50% chance of getting it right. Probably better odds than what you would get at the tables in Vegas. I can tell you right now how to predict the markets with…

Don’t Let the Door of Opportunity Hit You in the Butt

One of the common complaints I hear is that most people have is the lack of income to provide them the standard of living they would love to have. My question usually is what are you doing to correct the issue? And the sheepish reply is Nothing. As Harry Truman used to say the Buck Stop Here. If you are not going to make an effort then I hate to tell you there is a 99.99% chance that an angel is not going to drop a bundle of cash in your lap. Zig Ziegler use to use an old fashion farm pump to demonstrate the point that you were not going to get any water out of the pump unless you grabbed a hold of…

Do You Have Financial Priorities?

In November, I was in San Diego to attend a Magnify Your Wealth Seminar and after the second-day session was over, Aaron Young the host took about 50 of us out on the bay late in the afternoon. I snapped this picture of the sea lions contemplating their financial future. They don’t seem to have a worry in the world. The new tax law is pending and you will find all sorts of changes that will affect us starting the beginning of 2018. One unfortunate part of the bill does away with any further contributions to the ESA (education savings account) also known as the Coverdale education fund. What it did was allow you to put $2,000 a year of after-tax income into the fund…

Are You Relevant?

The Following is by Jeff Watson a lawyer in Ohio By Jeff Watson on Jun 30, 2015 in Uncategorized | 0 comments I had the opportunity recently to learn from a man who challenged much of what I knew about how adults learn. Mr. Jeff Hurt was a speaker at the Mid-Year Convention hosted by National REIA in Minneapolis two weeks ago. He is a gentlemen who has studied andragogy (the method and practice of teaching adult learners; adult education) for a number of years. When Jeff was presenting, he got my complete attention with a very simple question: “If you are asking yourself if you or your organization are relevant, then you probably already know the answer, and it’s that you are not.” One…

Is Innovation Dead?

I recently heard a recording by Jay Baer who was attending a convention put on by IBM in Las Vegas called IBM Impact @ InterConnect – 2015 Global Conference.  Jay was making the point that innovation maybe dead or sort of dead. In today’s environment, whether or not it is in the computer technology sector or any other field, that what is going on is improvement on what already exists. And that was the point that IBM was making by holding this event. Is innovation all that important (I am not advocating that we should not innovate) or should we be squeezing more productivity out of what we already have. I can remember as a child reading Dick Tracy in the cartoon section of the…

Be Brief and To The Point

Recently I wrote an advertisement for a part-time temporary job in Craigslist and had it posted 3 weeks and received 1 response. I was very detailed in the advertisement as to the job description. Needless to say I was a little disappointed in the results. So I decided to rewrite the advertisement in point form rather than a narrative form. The qualifications did not change only the way it was presented. In less than 24 hours I received four responces to the advertisement. I started thinking about what occurred and learned a very good lesson in keping matters short and to the point. My fist advertisement was detailed yet when the same material was presented in point form the response was significantly greater. How many…

Is Your Balloon Coming Due-Be Proactive

I have been hearing from many of you that have some balloon payments coming due. May not be a problem for many of you BUT if you have a property that may not be performing very well along with a very cautious appraisal and lending environment it may not be as easy as you thought to refinance your property. If you have this problem here are the two things you do… 1. See if you can get it refinanced, no matter what the value. If the value of the property is lower than you expected and it will not cover the amount you owe (in terms of what the bank will lend you) then see if the bank will still lend on the property using…

Owner Financing – Ask

When I take my group of folks around and look at properties there will be quite a few that will have owner financing as a possibility. Why? Many reasons actually and some you should use when you are working on your purchases right now. 1. Rate of return. A rate of 6% – 8% on a owner carried note or mortgage is a decent return these days compared to what money is doing in other places. Good argument. 2. Good Argument #2. Financing With Banks. I am not kidding when I tell you this. I have had a bank sit on one of my clients requests for financing now over 3 months THINKING about doing this deal. They won’t say YES or NO. Right now…

Review Before Moving Ahead

A couple of days ago I told you the three questions you need to be asking yourself when you purchase an apartment property…BEFORE you purchase. By way of review.. Are The Numbers Real and Can They Be Verified? 5 Years From Now Will This Location Be Attractive To Renters and Possible Buyers Of This Apartment Property? Do I Want To Be A Landlord Or An Investor? (Probably First Question). Lets talk again in this blog about the numbers and why they are so important. Remember the value of the property and the cash flow is all regulated by the numbers. It could be the most beautiful (or ugly) property in the city but if the numbers do not work then the property does not work and…

Check The Numbers Before Pulling The Trigger

Three questions you make sure you ask yourself when it comes to investing in an apartment or commercial investment property…. 1. Are The Numbers Real and Can They Be Verified? 2. Five Years From Now Will This Location Be Attractive To You? 3. Renters and Possible Buyers Of This Apartment Property? Do I Want To Be A Landlord Or An Investor? (Probably First Question). I just got done reading an article in a local paper where a guy owns a property that is in a bad area with bad tenants (some of actually assaulted this guy) and is not surprisingly tired of being a Landlord. The other thing is the numbers he used when buying the property looked good but now the property is not meeting…

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