You may be reading this at work on Monday morning thinking there must be any easier way of making a living.I can tell you there is. I secured my financial freedom at the ripe old age of 37. It didn’t happen over night though. A decade of hard work aided by a housing boom eventually secured me the financial FREEDOM that I so desperately wanted. How did I achieve this?Landlords make their money when they buy, not necessarily when they sell. That is to say that a landlord’s secret to making a fast and substantial profit is by buying their residential investment property at below what would generally be considered Market Value.A landlord should therefore always be an opportunist by instinct. When looking for a new investment property they should look to view many properties before they are likely to secure the right residential investment property at the right price.Opportunities of the credit crunchLike any so called financial crisis one person’s misfortune is likely to be somebody else’s golden step up.I myself have bought several properties from motivated sellers:executors selling deceased persons propertyone individual who’s business was ‘going down the pan’a repossessiona husband selling after a divorcea man who needed to move back to ScotlandAll these have turned out to be great property buying opportunities.In the press I have recently seen several stories featuring firms who specialise in buying properties from distressed sellers often before they are repossessed or because the owner needs the money to pay off other debts. These companies often offer to let the property to the former owner once they take possession. I examine below some of the techniques involved in securing below market property from motivated sellers.Techniques for landlords buying from motivated sellersThe techniques involved in highlighting motivated sellers are not difficult but do involve some work by the landlord. In essence the more work a landlord puts in, the better the opportunity they are likely to uncover.A motivated seller is a property owner who needs to sell fast and therefore are likely to be prepared to sell their property below it’s true value. Motivated sellers are likely to want to sell for a number of reasons; some of the common ones are as follows:The owner has died and the residential property is sitting empty.The relatives or the executor is just looking to get ridThe owner has some financial problems and therefore needs to sell to raise funds or pay off a debtThe owner needs to move quickly because they are relying on the funds to secure another propertyThe owner just wants rid so that they can move on – they are emigrating or involved in a relationship break upThe secret for any landlord looking for a motivated seller is that they need to get as close to the sellers to find out what motivates them so that they can arrange the deal that best suites their circumstances.A motivated seller will often become more motivated to sell the longer the sale process has been going on for and also at certain times of the year from December to February when the market is at its quietest and buying interest the lowest.How can a landlord locate these motivated sellers?There are a number of ways a landlord can identify motivated sellers. This is where the greater the effort of the landlord to unearth a property investment bargain, the more chance they will be able to source one and the better the investment opportunity they will unearth will be:1. leaflet drop- identify a target area for potential properties and then post leaflets advertising to buy property and rent them back to the owner who becomes your tenant.2. estate agents- contact all the local estate agents in the area that you want to buy in and let them know that you are looking for bargains and that you are a potential cash buyer of residential investment property. Even if you just have a forward buying facility you should be able to flush out some bargains. Remember it is persistency that gets results – make it clear to agents that you want to buy now and that you as the landlord have the resources. This way you as a landlord should get the pick of the bargains.3. advertise – landlords should look at advertising in the local press, a small add in one of these should generate some potential leads4. networking – tell as many people as you know about what you do and that you will look at any property at the right price – the message soon gets around5. newsagent windows – a card in the window of a local newsagent is likely to be seen by a surprising number of peopleHow do I negotiate a bargain?All this is likely to generate considerable potential opportunities that you as the landlord will need to follow up. Where off market situations are involved, i.e. ones where the property is not on the market through an estate agent; always look to ascertain what the circumstances are of the buyer before mentioning a price. Remember, the old adage ‘he who mentions the price looses’. Always start low with any negotiations and then work up, it is virtually impossible to get the best deal the other way round.The rest is up to you as the landlord to use your negotiating skills to secure a property investment bargain to start or add to your buy-to-let investment portfolio.I have no problem with sourcing a property bargain. I do however know of an increasing number of companies that specialise in buying properties from distressed sellers. The sellers are often vulnerable people in difficult emotional, economic situations and not always the ‘sharpest knives in the block’. The companies that specialise in these acquisitions often exploit the frailties of these unfortunate individuals. I have the financial muscle and the experience to do this but one reason I will never be a property billionaire is that I don’t want be a property vulture. I would always encourage landlords to do all they can to be a property hawk and hunt down a residential investment bargain.I still think it’s possible for a landlord with hard work to be able to; source buy-to-let investment bargains, build a property portfolio, secure their financial freedom and still to be able to sleep at night.
Finding the Best Business Idea For Your Home Based Business
How many home based business opportunities are available to you? If you want to make money online at home, you really have many options to choose from. The big question is – which one will give you the biggest chance of success? Is there a ‘one size fits all’ answer? The simple truth is that not every opportunity is right for everyone, and not every opportunity will bring you the greatest amount of profit.
So, what are some home business ideas that can make money online for you? The quick and dirty answer is: the one that best suits your particular set of needs. Make a list of your priorities, including a high income; a low-risk schedule; freedom; flexibility; work-life balance; independence; something in your range of skills and expertise; and interesting work that you have an interest in… You can take this list with you and talk to people who are working from home on the same things that you would be considering. Chances are that you will find some great niches that fit your standards and your desires.
But what if you want to get started right away? It’s easy to think that you can jump into a new business idea and be successful immediately, but this often isn’t the case. It takes many different things to make sure that you will be able to get through the hurdles and actually make it to a point where you are seeing profit. If you don’t work at it slowly, you will be setting yourself up for failure. Here’s the lowdown on some different things that you should consider as you create your own business idea:
First, you need to think about what you have to offer. If you don’t have any ideas as to what to do as a freelance writer, a lowdown on finding a niche is very important. Many beginners go into this completely clueless. But if you know that you have a skill that others are desperately seeking, you may be able to provide them with the service they are looking for without having to spend much time building up a website or getting traffic to it.
Another thing to consider is what kinds of products or services would best fit a niche that you would like to get started in. In this case, the lowdown on finding the best business idea for you would include taking a look at what you love to do and what you can offer others. If writing is not your strongest point, but you love to get creative, consider freelance data entry. Freelance data entry does not require a lot of startup capital, but you still need to have the skills that will allow you to be successful in this area. The best lowdown on finding the best business idea for you is to simply start looking at what you like to do and what you can offer others.
There are many other areas of freelance writing that you can explore in order to make the most out of your home based online business. Freelance writers are in high demand online. If you have the skills that are needed to do well in this field, there is no reason that you should not be able to find a great home-based online business that will give you the income that you want.
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The Best Ways I’ve Found To Make Money Online From Home
Have you been looking for a way to make money online without having to know much of the internet stuff? Wanting to work at home but don’t know how to do it? Here is the key gem: Between all the tricks on joining the craft beer movement, opening a gallery or being a tour operator, you will find clever advice that anybody can apply to make money online quickly.
The most basic way to make money online is through affiliate marketing. It is really easy. Basically you set up an ad for someone she is selling something and when they click through and buy it, you make money! Simple enough if you have no technical skill at all. Here are some simple tips on how to earn using affiliate marketing:
Drop-shipping is one of the most useful methods. You select a product in which you believe there is a demand and then drop-ship it to your customers in small quantities. You make money from the difference between what the stock costs and what you sell it for. For this method, it is important to note that you may need to make space for your inventory on your premises or perhaps wait until you have a build of an inventory before you can start drop-shipping; but the advantages make it a good choice for those seeking to make money online from their spare time.
Paid surveys are a great way to earn some extra cash. These can be accessed easily and there are many sites where you can get paid from spending your spare time. There is one site, though, which is said to pay $200 a week for twelve weeks straight – you can’t beat that kind of money making potential. With paid surveys, it is important to note that the sites are generally scams, and that you need to do some research to ensure you are making good money making opportunities.
Finally, a passive income generating method that can bring in money on autopilot is eToro’s Forex trading. This works by allowing you to invest on a demo account and earn money from the performance of the currencies being exchanged. The best thing about this system is that it allows you to do virtually anything and still see profits coming in. eToro has an average starting price of less than $50 and can generate an income of five figures in just a few months.
These are the best things I have found for making money online from your home. Though none of them are as good as, say, a paid-online course, they are much more affordable and can provide a valuable education to start earning money immediately online. With just a little research, you should be able to find a legitimate opportunity to get paid to learn the basics of making money in the currency markets. This is a truly remarkable opportunity.