5. 06.
There are so many REO (Real Estate Owned) properties with banks that they are trying to sell them off at very deep discounts. These properties are obtained when the owner is not able to pay the mortgage and the bank decides to foreclose on the properties. These foreclosure properties are a great opportunity to make some money! What if you are not interested in buying the properties for you but you would like to make use of this opportunity to make some money for your self? It is possible and without any money of yours. There are two proven ways to make this happen.
The most important thing in real estate property - Location, Location, Location!!!
The first step is to identify a property in a good location and a reasonably good condition with repairs less than $15,000. Typically, properties that sell quickly have three or more bedrooms, one or more bathrooms, basement, yard and garage. This rule applies to properties anywhere After you identify the property, negotiate with the bank and bring down the price to at least 40 cents on the dollar. Your intention to flip it immediately should not be revealed to the bank. While some banks don’t mind that you are flipping “as is” (i.e., without any remodeling or fix up of repairs), others do.
Typically, a real estate is flipped “as is” using an assignment contract. Assignment contracts are written by adding the clause “and/or assigns” after the buyer’s name (either the individual buyer or the company’s name). For example, John Doe wants to flip a property “as is”, then the offer to purchase property for $40,000 will contain buyer’s name as “John Doe and/or assigns”. This clause gives the John Doe the authority to assign/sell the purchase contract to anyone for a fee (for example $10,000). So, now John Doe makes $10,000 by selling the contract Mary Smith and she can purchase the property for $40,000 from the seller. But the problem with banks is that they will not accept an offer to purchase document that has the clause “and/or assigns” after the buyer’s name.
So, how do you flip REOs “as is” without using any of your own money? You have two options:
1. Purchase Property to Land Trust: Land trust has several parts to it. The important parts for this article will be the Trustee and the Beneficiary. The trustee can be a reliable relative, friend or an attorney. The beneficiary has all the powers to this property and hence the owner. You have to inform the bank that you will be buying the property to a land trust. Normally, they will agree. If you (John Doe) are buying property at 123 main street, then in the offer to purchase, you will write the name as John Doe, 123 main street Trust, Trustee, exact vesting TBD at closing. The phrase “exact vesting TBD at closing” allows you to assign the beneficiary rights to anyone who pays you an assignment fee. You can tell the bank that you are not sure how many investors will be partnering in this deal and that’s why you have not mentioned the beneficiary. So now, they will allow you to purchase the property even though you do not have a beneficiary listed. The Trust does not have to be created before making the offer to purchase as long there is an intention to create a land trust later. If this is the first time you are using land trusts, then it is best to get help from a real estate attorney who has experience in land trusts because the rules can be different in different states in the US. The two keys to flipping properties successfully using land trusts are finding the right title company and the right attorney.
While you are negotiating with the bank, you can also start finding a buyer of this property. One of the easy ways to find a buyer is to post an ad in free websites like Craigslist and others. For example, you are purchasing a property that is worth $100K in its present condition. You managed to negotiate the price $40K. From Craigslist ads, you find your end buyer to purchase it from you for $50K. Request the buyer to pay you $10K so that you can add his/her name as the beneficiary. Tell the bank your buyer is your investor partner. After you receive the $10K from your buyer, put his/her name as the beneficiary. So, now you have made $10K profit without using any of your own money!
2. Double Closing: Double closing is when you are closing the seller and the buyer on the same day i.e., you are using the money from your buyer to close the property from seller and the difference between your purchase price and your sale price will be your profit. In one or two states, land trusts are not allowed and in a few others land trusts are frowned on. In such state you have to use double closing method. As mentioned in method 1, while you are negotiating you have to find a buyer using the same methods.
Here, you may lose some money in fees for closing costs and also if you have to bring money for a few hours from hard money lender, they (hard money lender) will charge you around $2000 to $3000 for this service. If you search on Google for money for a few hours until you close with your end buyer. To obtain these funds, there are no credit score and history checks. To summarize the two fees involved in this method of flipping: a) there are closing costs of around 3% of the sale price. b) The double closing funds fee of $2000 - $3000. You have to negotiate with the bank and your buyer in such a way that you make up for the loss in these two fees. It is good idea to inform the title company that you will be double closing. First, bring/wire the double closing funds to the bank/title company and pay for purchase of the property from the bank and get the title in your name. Next, have the buyer bring funds for the purchase of the property from you for a higher price. The difference between your purchase price and sale price minus closing costs minus the double closing funds will be your profit!
While banks frown on “as is” REO flipping, they are badly in need of clearing the properties from their ever growing inventory so sometimes they do not mind at all unless you make it too obvious by using the clause “and/or assign”. So it is best refrain from using this clause. Also, it is best to refer to your end buyer as your investor partner instead of making it obvious that you are selling your property to the end buyer. REO flipping is a great real estate opportunity with low risk. The banks are badly in need of selling their foreclosed properties so start contacting banks’ loss mitigation departments for REO properties in your area.
5. 05.
Choosing an efficient and economical method of advertising or service no longer is difficult. Just prepare articles for directory submission and increase your visibility on the internet.
Directory submission, or the placing of various articles related to your business or website on article directory sites is an easy and effective way of getting your web site noticed, thus increasing the traffic flow to your business site and bringing a steady flow of customers who are purchasing your product or service. Furthermore, there is no cost for this plan unless you are paying for the writing of the articles themselves.
Search Engine Spider Magnet
Search engine spiders are those tools that look for keywords and links on the internet. They are the process of collecting and identifying on the individual websites that help those searching the internet for a specific term to be able to know the web page where the term is located. By directory submission, you can add many keyword rich articles that are then linked to your website through the description and especially through the resource information. The major search engines each have ways of tracking and quantifying the value of the keywords you use as well as the links to your site. Visitors to your site strengthen the importance of your web site, thus bringing even more visitors and by extension - customers for your product or service.
Web Site Index
Indexing your web site is a process of ranking it or listing it so that it is noticed by the search engines. Directory submission makes it possible to speed up the indexing process and once indexed, to improve the rankings in the indexes. Each search engine have different algorithms to measure the level at which the web page meets the defined standards for quality. You can improve your chances of an effective index for your web site by using a service that specialize in preparing and submitting articles to various directories.
Economics
Sites where directory submission is available are either free to use or can require payment of a fee to post your articles. Depending upon your budget, you can use either type of directory website effectively. It may seem obvious that using the site where there is no fee for articles inclusion would be the best deal for you. After all, free is a pretty good price. However, you may find that paying a fee to get your articles posted may actually be a more sensible financial decision, because web sites that require a submission fee often have a higher page ranking from the search engines and thus end up higher on the search engine results page (SERP). This means that your articles will also end up higher on the search results when someone submits a query that uses keywords you have included in your article.
Beating the competition
If you have been concerned about the fact that your competitors seems to be doing better than you in pulling customers into their websites or selling their products or services, using directory submission is a way to get one up on the competition. Revamping your web site helps ensure that you are presenting an image of your business that will attract customers to your site. Presenting information to articles directories is also going to help get you noticed on the internet.
26. 04.
Tips for Keeping Your Blog Up to Date
Keeping a blog up to date is one of the most important aspects of blogging. This is so important because regular blog visitors expect new postings on a regular basis. Not all visitors expect to see a new post as often as once a day but most blog readers expect the content on the blog to be updated on a regular basis. In most cases visitors expect new content on at least a weekly basis. However, depending on the subject matter the visitors may expect updates on a basis which is either more frequent. Similarly visitors may not be interested in receiving this type of information more than a few times a year. Blog owners should be aware of the frequency of which readers expect new posts and should make an effort to oblige the readers with updates this often. This article will discuss methods for keeping a blog up to date including scheduling a regular time to post blogs, using publishing tools wisely and hiring guest bloggers when necessary.
One way to help to ensure a blog remains up to date is to schedule time to post blogs on a daily basis. This is especially important when blog readers expect new posts on a daily basis or at least several times per week. Bloggers who allot a specific block of time each day to researching, writing and publishing blogs are more likely to have a blog which is up to date than bloggers who plan on accomplishing tasks when they find time to do so. There may still be days in which the blogger is unable to publish a new post on the blog but these days will be less frequent than if the blogger does not have a block of time strictly dedicated to keeping the blog up to date.
On days in which the blog is unable to devote time to blogging, the blogger may wish to at least publish a short message explaining why it was not possible to post a new blog entry. This will let readers know you are aware of their desire to read more information but are simply unable to publish a new blog post. As long as this does not become a regular occurrence, blog visitors are not likely to stop viewing a blog simply because the blogger skips a day or two.
Taking Advantage of Publishing Tools
Some blog publishing tools enable bloggers to write blog posts ahead of time and specify when each post should be published. This is an excellent feature for bloggers who want to publish new posts daily but are unable to dedicate time each day to writing blog posts. This way the blogger can dedicate a block of time each week to write blog posts and have the posts published throughout the week. This is often an easier method for many bloggers because they are able to be more efficient this way.
Bloggers may also want to consider hiring guest bloggers to assist them in keeping a blog up to date. This can be a worthwhile method for bloggers who are not only having difficulty keeping their blog up to date but are also interested in providing readers with a little variety. However, blog owners who opt for this message of keeping their blog up to date should carefully consider how the dedicated blog readers will react to this change. This is important because some readers may not be interested in reading blogs written by a guest blogger. Therefore the use of a guest blogger can actually be more detrimental to the blog than not updating the blog regularly. Bloggers can gauge reader reaction to the use of guest bloggers in a couple of different ways. The simplest and most straight forward method is to poll the readers about the use of guest bloggers. This can be done by asking readers to comment on the issue and tabulating the comments received. Another method to gauge reader reaction is to introduce a guest blogger and compare the traffic the guest blogger receives to the traffic the blog owner receives.
Blessings,
John E. Neyman, Jr.
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22. 04.
A niche is a group of people who all have the same interest in something. The key is to tap into what these people need and want and create a product (or a service) in the niche that people will buy. But that’s often easier said than done.
The first step you want to take when choosing a niche is to go to an online bookstore or to the local bookstore in your neighborhood. Take a look at the Dummies books and the Idiot’s guides. These are books that are written because people are interested in the topic. So you can look through these books and find out what topics are popular.
Then you want to choose a niche that interests you. This is very important. You definitely have to have an interest in the niche. Otherwise, you probably won’t finish a product within the niche, and if you do then your dislike for the topic will probably show through. This will result in a bad product.
Notice that you don’t have to know a lot about the niche. This is a common misconception. Too many Internet Marketers wrongly believe that they have to know a lot about a niche in order to make a product. This isn’t true. You simply have to have an interest in the niche so that you are willing to learn what you need to learn in order to create a great product.
Once you have a niche that you want to go into, then you can go to Google and search that niche to see how much competition you’ll have. However, no matter how much competition there might be, there is always room for one more site and one more product. You just have to make sure that you have a unique selling point (USP) and a great product. In fact, going into a competitive niche is better than going into a niche that no one cares about.
And that’s how to choose a niche. Start by looking at Dummies books and Idiot’s guides, choose a niche that interests you, and then check to see how much competition there is. If you follow these three simple steps then you will choose the perfect niche for you.
19. 03.
Introduction: All It Takes Is Following A Simple Strategy Success Formula That’s Proven To Work EVERY Time It Is Used
Over and over and over again, I am asked the same question.
Folks send me dozens of emails. I get phone calls. During interview after interview it comes up. Whenever it comes to conversation about my internet business, I always get asked one question above everything else.
And that question is…
…”How did you become so successful, so fast?”
Anytime you go from a complete unknown to one of the most respected and trusted web marketing consultants in less than a year, folks want to know……”how?”
How did you do it?
While there are a lot of pieces to the puzzle, it all boils down to two strategies that I observed in my research of what other successful people were doing.
You have in your hands the 2 strategies that I personally applied to go from a zero to a hero. IF — and don’t let that small word fool you, it’s a BIG key — IF you apply these same 2 strategies, then I *guarantee* you will find similar success.
No doubt about it.
And the reason that I say this is for a couple of reasons…
First, I have never known ANY “wildly” successful netrepreneur who doesn’t apply these strategies. They are UNIVERSAL. I’ve done my research. What worked for me is the exact same system that has worked for ALL “wildly” successful eBusiness owners. There are no exclusions here. This isn’t a system that works only for a few. It is a system that works for every single person who uses it, AND it’s a system that every single successful person online has used, whether they realize it or not.
Secondly, ANYONE can use it. I’ve looked at hundreds of success stories online. And these folks come from all different walks of life. Some are highly educated. Others are high school dropouts. Some are very creative. Others don’t have a creative bone in their body. Some folks had a lot of money to invest. Others were headed for the poor house. ANYONE can use what I am about to share and find real success online. It doesn’t matter what your qualifications are, or your skills or your resources. It just matters that you have a desire to follow-through on what I am about to share with you.
So, this one’s for you.
Really. It is. Get that in your head from the beginning. This wasn’t written for your neighbor or the local physician in your hometown. It wasn’t written for someone in another country or from another planet.
It’s written for YOU.
Follow these two simple strategies and they will lead you to success.
I did. And I went from being completely broke and $30,000 in credit card debt, to earning a huge six-figure income online every year. I earned more this past year than I have earned in my entire life combined.
And I did it by following the strategies that you are about to read. And so did every other successful netrepreneur.
So, add your name to the list, ok?
—————- Sidebar —————–
Just one more important note before we dive in. My success — even though it is based upon what I am going to share with you — comes solely from God above. I would be lying to you if I told you that I was a “master of my own destiny.” Because, I’m not. My relationship with Jesus Christ is my ultimate success story and I believe that my success online is directly related to His blessing upon my life.
—————- Sidebar —————–
Having said all of that, let’s analyze the two universal, unchanging eBusiness strategies that spell S-U-C-C-E-S-S.
