Thu, December 03
by Lifestyles 12.03.09
in Articles and The Manual.
What would you do if a friend or family member asked you to cosign a loan?
Before you answer, make sure you understand what your obligations are.
When you agree to cosign for someone else’s debt, you are essentially guaranteeing payment if that person defaults.
You are being asked to take a risk that a professional lender will not take.
Think about it: the lender would not need a cosigner if the borrower were a good risk.
Cosigning Means You’re Financially Responsible - Consider the Risks
The obligations associated with cosigning a loan can be more than people expect. So before you put your autograph on the dotted line agreeing to cosign a loan, the Federal Trade Commission requires the creditor to give you information explaining your commitment.
Mon, October 26
by Lifestyles 10.26.09
in Articles and The Manual.
Leasing residential real estate is like any other business. There is a right way and a wrong way to do it.
If done correctly, it can be easy and profitable. If done incorrectly, it can be your worst nightmare. Listed below are the answers to some commonly asked questions when getting started in the leasing business- How do I pick good tenants? How and when should I rent my property? How do I know what rate to charge for rent?
How Do I Pick Good Rental Properties?
1. Always pick rental properties in the median price range.
2. Try to stay with 3-2-2 properties if possible.
3. Try to stay with single-family homes to start with.
4. Pick properties close to home to start with.
5. Always pick properties that have positive cash flow.
6. Pick properties that have some type of market advantage.
Mon, October 12
by Lifestyles 10.12.09
in Articles and The Manual.
Even if you use your credit every day, you may have questions about the credit industry.
Credit is much more complicated than keeping a tally at the local grocery. As a credit-active consumer, you need to know how credit reporting works and what your credit report contains.
You are most likely already familiar with the concept of “credit,” the reputation for paying your bills on time that makes it possible for you to obtain money or goods with the understanding that you will pay for them later.
(continue reading…)
Mon, August 24
by Lifestyles 08.24.09
in Articles and The Manual.
Even though good deals occur everyday, you might have a hard time getting your hands on one if you don’t keep two important points in mind.
First, you must be actively pursuing them at all times.
Second, you must be able to qualify the prospect properties quickly and accurately or your time will be wasted on non-productive deals.
We have found that cultivating a team of agents can be an effective way of leveraging your time to find good real estate deals.
