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Digg it UP - How To Get Started In Preconstruction Investing?
As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year’s resolution I made when the clock rang out the New Year.No, the reason I dread the first quarter of the new year is that my email box floods with questions about business taxes and the IRS, my two least favorite subjects on earth. It’s not that I am opposed to paying my fair share of business taxes. It’s that I consider the IRS to be a little like Beetlejuice, the movie demon who appeared only after his name was called three times in a row. My fear is if I write too many IRS columns their dark agents may appear on my doorstep, ready to drag me away to an uncertain fate.Oh well, one must do his duty no matter the consequences, so here we go….Q: I am starting a small retail business. While talking to a potential supplier last week he asked for my EIN number. I had no ide
So how do you learn the mechanics of being a preconstruction real estate investor? My suggestion is to take advantage
Insurance is just about handling risks, any insurance companies would not take any risks when rates are initially set, which are paid by you as premium. They would take proper precautions to make certain that you won’t die too early; it might even cause them to pay out more than the amount paid by you. The risk here stated is the pretty much the same health risks like, tobacco use, cholesterol, diabetes, over weight or fat, and few other conditions associated to poor health and early death. To account for these risks, insurance company would designate your status based on age, gender and health, and that would further determine how much you pay for a given amount of insurance.The insurance company would ask you about your medical history and may want you to take some sort of physical exam as well. While filling up the health questionnaire you need to be faithful, in case you lie the company will find out and your policy would be canceled. And if in case your sick and were to die and then the company found out yo
MECHANICS OF PRECONSTRUCTION INVESTING
Before you even begin
investing, you need a working knowledge of exactly what is meant
by “preconstruction” investing, why has preconstruction
investing generated returns in excess of 100% per year for many
investors, what is the terminology used in preconstruction real
estate investing, etc. The good news is this is your easiest
step to take.
As an example, in this stage you will learn terms like reservation, hard contract, assignment of contract, letter of credit, to name a few. Even if you are new to investing, don’t let that intimidate you. Whenever I teach a class on this topic, it only takes about 30 to 60 minutes to get everybody up to speed on this.
So how do you learn the mechanics of being a preconstruction real estate investor? My suggestion is to take advantage o
A Blog script can not only be used to post your opinions but it can be used as a content management system for your entire website. One such script is WordPress.A detailed overview of what WordPress is capable of is as follows:1. Customized Template You can completely customize the look of your website by using your own custom template. You will however, need to know XHTML, CSS and some PHP in order to do this. It is recommended that you hire a professional web designer who specializes in custom blog templates. Once your template is set up, you can update your website yourself.2. Pages You can add pages to WordPress. That is pages like About us, Contact, etc. The content is added via an easy to use interface. It is easy to setup headings and bulleted lists by just clicking on already set buttons which generate the code for you.Example: Select your Text Click on Heading Your selected text will now be displayed as a heading (how this head
MECHANICS OF PRECONSTRUCTION INVESTING
Before you even begin
investing, you need a working knowledge of exactly what is meant
by “preconstruction” investing, why has preconstruction
investing generated returns in excess of 100% per year for many
investors, what is the terminology used in preconstruction real
estate investing, etc. The good news is this is your easiest
step to take.
As an example, in this stage you will learn terms like reservation, hard contract, assignment of contract, letter of credit, to name a few. Even if you are new to investing, don’t let that intimidate you. Whenever I teach a class on this topic, it only takes about 30 to 60 minutes to get everybody up to speed on this.
So how do you learn the mechanics of being a preconstruction real estate investor? My suggestion is to take advantage
As the manager or owner of a company it is essentially your responsibility to ensure that the company is run smoothly. Most small businesses don’t use a Board of Directors to their fullest capacity due to the fact that most owners and managers on some level are control freaks. It’s okay to admit it because everyone in your company is thinking it. So as the Chief Control Freak in your company keeping a close eye on the health of your business is a crucial function of the business cycle. I want to give you a ten point checklist to a healthier company. In part one of this three-part discussion I want to focus on some crucial foundation principles, cash flow, marketing, sales, and quality(I) Cash-FlowCash is king, and simply put if the king has left the building, the company is not too far behind. Undercapitalization is a fierce epidemic in small business; owners struggle to find working capital to keep their companies running, and producing or selling a product or service. On a quarterly basis a company’
As an example, in this stage you will learn terms like reservation, hard contract, assignment of contract, letter of credit, to name a few. Even if you are new to investing, don’t let that intimidate you. Whenever I teach a class on this topic, it only takes about 30 to 60 minutes to get everybody up to speed on this.
So how do you learn the mechanics of being a preconstruction real estate investor? My suggestion is to take advantage
I say: nothing is ever as good or bad as it first appears. And many have observed: one person’s tragedy, another’s opportunity. People tend to over-react and react too quickly to a lot of “bad” economic news, acting as if it is permanent when, in actuality, most is temporary. At the very end of May, when this was written, the stock market rallied on the news of a drop in oil prices. Gas prices rise, gas prices fall, who knows where there’ll be next month?An even better example: how could the threat of “global warming” be good news? Front-page story in the MONEY section of USA TODAY (June 1st) headlined: Corporate America Warms To Global Warming: See Prospect Of Fat Profits From New Products Friendly To The Environment.44% of large institutional investors surveyed saw “opportunity” arising from a growing public zeal for conservation and energy efficiency, fueled, pardon the pun, by gas prices and media focus on global warming.Major U.S. corporations like GE say that addressing climate change offers
So how do you learn the mechanics of being a preconstruction real estate investor? My suggestion is to take advantage
How do these people get my name? If you have a credit card, your name is sold to third parties, if you do not want this to happen, you must contact your credit card companies to inform them that you do not want your information sold. Check the privacy notice that comes with your bill. If you enter contests, your information becomes public. Also, when you buy a new product, and fill out the warranty cards, those companies sell that information you provide to other companies. Since when does your toaster manufacturer need to know you households’ annual income to extend a warranty on your toaster? Thieves use dumpster digging, phishing, and pharming to obtain your information. Things they steal from your trash include:• Pre-approved credit card offers – they complete them and have the card sent to them at a different address • Loan applications- they complete the application and have the money sent to a phony address. • Bank statements- they then have your bank account number and can print counterf
So how do you learn the mechanics of being a preconstruction real estate investor? My suggestion is to take advantage of the free resources available on the internet. For example, at GetPreConstructionDeals.com we give a way a 30-page ebook about preconstruction investing that will walk you through this basic terminology and will give you some real world preconstruction real estate project examples. Also, if you conduct an internet search on “preconstruction” “preconstruction investing” “preconstruction condo”, etc., you will find tons of websites with this type of information readily available. Give yourself an evening or two and you should be a master. Unfortunately, over 80% of new investors stop after Step 1 and immediately want to look for “deals”. In my opinion, this is a big mistake because they are lacking what separates the beginning investor from the street-seasoned preconstruction investor; the methodology to RAPIDLY pick “smart investments”
FINDING PRECONSTRUCTION PROJECTS
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