Wednesday, December 17, 2008

Get Your MBA in Real Estate Investing In Less Than 12 Months: Your Mega Bank Account

I used to be one of the many people who think that you have to have a lot of money to get started in real estate investing. But it's just not true!

But on the other side we've all heard the gurus talk about how easy it is to invest in real estate with Other People's Money (OPM). But that's not entirely true either.

What is true is that there are many ways to accumulate lots of money through real estate if you have the right team and are using the right strategies at the right time.

The team is such an important piece of the puzzle - these are the people that are going to make each deal happen. Real Estate is a networking business, and I didn't say a NOT-work business. The more people you know, the easier it is to run your business. Period.

When your team is in place is when your MBA starts accelerating. I have a lot of people on my team, and yes, that means I have to share the profits. But I can do more deals in less time with fewer headaches. Makes sense to me.

This is one of the most important concepts for building wealth quickly. One that almost every type of guru out there tells us to do. But one that seems to get the most resistance. Many people want to do it themselves because they don't want to split the profits, or pay for the help.

I'm telling you from experience that you need to do whatever you need to do to build your team. Contractors, lawyers, mentors, coaches, project managers, assistants, bookkeepers, CPAs, and the list goes on.

I've paid for many coaches. I'm grateful that I have a mentor who is congruent with my own dreams. I've also created many joint ventures with other team players that have cost me nothing but my time or my experience, and made me lots of money. But it's because I built my team that I was able to do that.

Now let's talk about the strategies. There are many ways to do real estate deals with OPM, but if you're in a hurry to make some money, the fastest way that I have found to work is the Assignment of Contract method.

Here's what this means: you find and negotiate a deal with the seller, for a certain price with certain conditions, giving you so many days to find a buyer. Whether it's you or somebody else. When you're assigning the contract you're entering into with the same exact terms as you got into.

This contract is where all the details are: How much you'll pay for the house (even though you're not going to pay for it personally), how long you have to come up with the money (This gives you the time to find the end buyer for the deal - another reason to build your team).

Then when you find the buyer - you sell this contract to the buyer - with the same specified terms. So if you say that you'd close in 30 days, and it takes you 15 days to line up a buyer, you have 15 days to close. Or whatever other terms you stipulated in the contract.

Preferably you're working with great deals, properties you can get for 70 or 80 cents on the dollar. And that's because you will ALWAYS find buyers for these deals.

Once you have the seller under contract, you start promoting the deal through your network, list with a realtor, put an ad in the paper, whatever works. Then you have the seller, you have the buyer - you simply sell the contract.

Once you get started and get your feet wet, you can do 3 or 4 or 5 of these a month - or as much as your team can handle. I've done many projects where I've sold the contracts for a flat fee to another investor or rehabber. It's a great way to build your bank account when you don't have a lot to start with.

Like I said: Get Your MBA (Mega Bank Account) in Less Than 12 Months!

Raul Luna officially became a millionaire before he turned 21! This successful speaker and educator is turning ordinary people into millionaires. Discover his secrets: http://www.moonvesting.com

Thursday, December 11, 2008

Discount Real Estate Agents in Los Angeles

Each year, millions of United States residents make the decision to sell their home. If you are interested in becoming one of those individuals, you have a number of ways that you can go about selling your home. A large number of homeowners privately sell their own home, but even more obtain professional assistance.

If you live in or around the Los Angeles area, that assistance can come from a discount real estate agent. Discount real estate agents are agents that offer their services for a low or discounted price. Unfortunately, a large number of individuals believe that there is no such thing as a discount real estate agent. Los Angeles residents that believe this misconception could be paying more than they need to for real estate assistance.

To differentiate traditional real estate agents from discount real estate agents, you will have to determine the cost of using the services provided by each agent. This can easily be done by price comparison. Similar to comparing prices at your local supermarket, you will need to obtain price quotes from a number of Los Angeles real estate agents. After the information has been obtained, you can easily compare the prices to find the lowest fees.

The cost of service is not the only thing that should be examined when finding a discount real estate agent. Los Angeles residents are also urged to examine the services offered by each real estate agent. The service offered by each agent is important in determining what type of service you will receive for your money.

When examining the fees of discount real estate agents, it is likely that you will see their services differ from traditional real estate agents. The services are often not as inclusive as those offered by full price real agents. Just because the same services are not offered, does not mean that you should stop searching for a discount real estate agent. Los Angeles residents have found success using the services of a discount real estate agent. Many are more concerned with the amount of money they will be saving versus the level of service they would receive.

When searching for a discount real estate agent, you may find that there are only a select number of agents that can be considered discounted. This is because most real estate agents charge full price for their services. If you are interested in quickly finding a discount real estate agent, without having to compare a number of fees, you can use the internet to your advantage. You can easily perform a standard internet search to find a discount real estate agent. Los Angeles residents often search for agents this way.

Whichever way you choose to search for discount real estate agents, it is important to remember that they do exist. Do not believe hearsay from other homeowners or denials from full priced competitors. With a little bit of research, you can find a discount real estate agent. Los Angeles residents have been finding them for years and now you can too.

Brad Horn is a writer for 1 percent realtor where you can find a great resource for information regarding a Los Angeles Discount Real Estate Agent.

Thursday, December 4, 2008

Top Locations for Property in North Cyprus

While the world is in agreement that property for sale in North Cyprus represents a fantastic investment opportunity because rental and resale demand is soaring while at the same time property prices remain incredibly affordable, there are certain parts of the island that make the best property investment hotspots.

It is not a case of every location being equal or of every property of a similar size and specification being worth the same in Northern Cyprus - just as it does anywhere else in the world location, location, location counts in North Cyprus.

The first location worthy of closer inspection is Esentepe to the east of the island and a twenty minute drive from the ancient harbour town of Kyrenia. Esentepe is home to a brand new, international standard, championship golf course - furthermore it is the location for the very first marina being built in Northern Cyprus.

Naturally enough these two factors alone create great reason for property in Esentepe to be highly prized, but there are a number of other reasons making this location worthy of closer inspection. Firstly land in the area is now selling for a premium as developers try to get in on the property boom, secondly rental demand for properties in the area has gone through the roof following the completion of the golf course, and thirdly the entire surrounding area is totally unspoiled, it is covered in lush olive and carob trees, the beaches are pristine and undeveloped and the people live in their traditional houses and still enjoy an unhurried and stress free kind of life.

Properties in Esentepe start from GBP 60,000 for duplex apartments within the golf resort and go up to around GBP 200,000 for custom built, luxury detached homes. Prices in this part of Northern Cyprus have been appreciating rapidly in the past 4 years.

The next area worthy of consideration is Alsancak which is to the west of Kyrenia and just a ten minute drive from the heart of the old town of Kyrenia. Alsancak is one of the most popular parts of Cyprus with holiday makers, there is a great deal of development already earmarked for the area and there's an abundance of beach clubs, bars and discos in the area. For property investors hoping to let their properties out during the long hot spring and summer seasons in Cyprus, Alsancak is most certainly worthy of consideration.

And finally - unspoiled, untouched and as yet almost undeveloped Karsiyaka which is a thirty minute drive to the west of Kyrenia. With its hidden coves, sandy beaches, stunning mountains and beautiful countryside, the area of Karsiyaka is going to become one of the most desirable places to live in North Cyprus because the government has set incredibly strict planning rules to prevent over development and to allocate a great deal of space for the likes of another golf course and marina, and also they have allocated space to be left completely untouched. This part of Cyprus is unique and it has to be seen to be understood and experienced!

Karsiyaka will become home to the discerning buyer, those looking to escape to a better quality of life in a superior location. Currently there are few developments in this area of the island but those that are available start from around GBP 80,000 for a two bedroom bungalow.

Rhiannon Williamson writes about real estate investment in emerging markets around the world and specifically profiles exciting investment property locations. To read more real estate property in North Cyprus click here.

Wednesday, December 3, 2008

North Cyprus: The Last Mediterranean Property Investment Hotspot

If only I'd had the foresight to buy an investment property in Spain, the South of France, Tuscany or in Malta twenty years ago when property prices were so cheap because the desirability of the destination had yet to enjoy exposure...if only...

Many people believe that the world's most beautiful locations are the countries in and around the Mediterranean Sea - think Spain, Malta, Turkey, Egypt, Sardinia, Italy, Morocco and Tunisia. All are nations synonymous with a fantastic climate, a wonderful quality of life, excellent cuisine, friendly and laid back people...naturally enough the Mediterranean countries are the most popular with those looking for a sun drenched holiday, a beautiful place to retire to or the perfect place to buy a property that will go up in value, be easy to rent and easy to resell. But many have already missed the affordability boat.

Properties on the most popular islands in the Mediterranean Sea and in the most desirable locations start from a quarter of a million pounds and go up to tens of millions. So the average property investor, second home seeker or retiree looking for an affordable place in the sun is going to be sadly disappointed then?

That is unless they discover the secret delights of Northern Cyprus?

North Cyprus is the secret and undiscovered third of the island of Cyprus that has been left untouched, unspoiled and unsullied by the greed of the 1970s and 1980s, it has escaped the overdevelopment and mass tourism of the 1990s and it has emerged in the new Millennium as a gem in an otherwise saturated, over priced market.

Properties in Northern Cyprus start from just GBP 60,000 for a duplex apartment in a resort on a championship golf course! North Cyprus truly is the very last Mediterranean property investment hotspot and it will not remain undiscovered for long. While the government are committed to preserving the beauty and culture of the island and determined to prevent it being overdeveloped and sullied, the properties that are being built sympathetically are catching the eye of international property investors, retirees, second homers and those looking to afford to start a brand new and exciting life in the sun.

The number of visitors coming to Cyprus is increasing rapidly; large international developers are discussing many projects from seven star hotels and luxurious resorts to more golf courses, marinas and even a furthering of the higher education establishments that North Cyprus is already famous for. Demand for property for sale and rent is coming from the large student base but more importantly it is coming from retiring Europeans, young families and couples, holiday makers, those needing a second home and even corporate investors.

Northern Cyprus property will not remain so affordable for so long - firstly the demand for property for sale is outstripping current supply and builders cannot keep up with demand, secondly prices are already increasing and finance is being made available privately broadening the numbers of those who will be able to enter the market. As demand soars and supply remains steady and restricted by the government's high standards, prices are rising and are going to keep on rising...making North Cyprus's property market one of the hottest in the world.If only I'd had the foresight to buy an investment property in Spain, the South of France, Tuscany or in Malta twenty years ago when property prices were so cheap because the desirability of the destination had yet to enjoy exposure...if only...

Many people believe that the world's most beautiful locations are the countries in and around the Mediterranean Sea - think Spain, Malta, Turkey, Egypt, Sardinia, Italy, Morocco and Tunisia. All are nations synonymous with a fantastic climate, a wonderful quality of life, excellent cuisine, friendly and laid back people...naturally enough the Mediterranean countries are the most popular with those looking for a sun drenched holiday, a beautiful place to retire to or the perfect place to buy a property that will go up in value, be easy to rent and easy to resell. But many have already missed the affordability boat.

Properties on the most popular islands in the Mediterranean Sea and in the most desirable locations start from a quarter of a million pounds and go up to tens of millions. So the average property investor, second home seeker or retiree looking for an affordable place in the sun is going to be sadly disappointed then?

That is unless they discover the secret delights of Northern Cyprus?

North Cyprus is the secret and undiscovered third of the island of Cyprus that has been left untouched, unspoiled and unsullied by the greed of the 1970s and 1980s, it has escaped the overdevelopment and mass tourism of the 1990s and it has emerged in the new Millennium as a gem in an otherwise saturated, over priced market.

Properties in Northern Cyprus start from just GBP 60,000 for a duplex apartment in a resort on a championship golf course! North Cyprus truly is the very last Mediterranean property investment hotspot and it will not remain undiscovered for long. While the government are committed to preserving the beauty and culture of the island and determined to prevent it being overdeveloped and sullied, the properties that are being built sympathetically are catching the eye of international property investors, retirees, second homers and those looking to afford to start a brand new and exciting life in the sun.

The number of visitors coming to Cyprus is increasing rapidly; large international developers are discussing many projects from seven star hotels and luxurious resorts to more golf courses, marinas and even a furthering of the higher education establishments that North Cyprus is already famous for. Demand for property for sale and rent is coming from the large student base but more importantly it is coming from retiring Europeans, young families and couples, holiday makers, those needing a second home and even corporate investors.

Northern Cyprus property will not remain so affordable for so long - firstly the demand for property for sale is outstripping current supply and builders cannot keep up with demand, secondly prices are already increasing and finance is being made available privately broadening the numbers of those who will be able to enter the market. As demand soars and supply remains steady and restricted by the government's high standards, prices are rising and are going to keep on rising...making North Cyprus's property market one of the hottest in the world.

Rhiannon Williamson writes about real estate investment in emerging markets worldwide and highlights property investment hotspots. To learn more about property for sale in North Cyprus click here.

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