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Inside Real Estate A Closet Organization Project May Be Just What You Need You'll find that a closet organizer is the best way to straighten out your unorganized storage space. Closet organizers are storage systems that make it much easier to store items in a closet in a more organized manner. These systems are available as shelves, hooks, boxes, racks or storage bins that will change a closet form a chaotic haven to an organized area from where you can easily retrieve any stored items. Closet organizer systems can include your choice of all kinds of useful features. The four basic types of closet organization systems are long hanging, short hanging, shelves and baskets/drawers. How To Help Your FSBO Set The Right Price For Their House Free for sale by owner real estate listing with up to sixteen pictures and nation wide advertising. by Tom Domin - Of all the problems our FSBO will encounter, pricing their house correctly and accurately is by far the most crucial. The wrong price could cost them thousands of dollars any way you look at it. Here's why: A price that is "too low" will result in a "net" that is thousands less than they could have gotten with a little research. A price that is "too high" will cause the house to stay on the market for a longer period of time and quite possibly...never sell! Not selling means paying more mortgage payments, taxes and insurance until the FSBO lowers the asking price to what the market may have supported in the first place...Read the rest of this article... Explore Chicago Neighbourhoods CVN Travel - Exploring Chicago's neighborhoods and eateries provides more than just an experience in food. Travelers also learn about Chicago history and culture. There's nothing like a sample of Windy City cuisine to spice up any tour of the city. Find something unique in Chicago Neighborhoods. |
Linknet-News.com features news articles and news items in various categories including Health News, Real Estate News, Finance News, Marketing News, Business News, Entertainment News, Travel News, and more... Real Estate Investing: Always Have a Back-upMar 19, 2006 - Linknet Real Estate News Real Estate Investing: Always Have a Back-up Mar 19, 2006 - Linknet Real Estate News - by "Bruce W. FordOver the last two weeks, events have unfolded that have reminded me of an important truism in real estate investing. "Always have a back-up!" == Real estate investing Free information == This was played out in dramatic form with a deal I'm closing tomorrow. A wholesaler friend of mine brought me this great little three bedroom one bath home tucked away on a dead end street where pride in ownership is alive and well. The electric and plumbing is already upgraded and this rehab is cosmetic with the exception of adding a bath. I'm buying it for ,500 and the as-repaired appraisal came in at ,000. Not a bad spread. This is the kind of deal I like! When I called my hard money broker, she was delighted and we moved quickly toward closing. I was only waiting on the closing time… That's when the wheels fell off. It seems my broker's money source decided he was only going to invest in property valued at 0,000 or more. Yikes! So, I went to back-up hard money broker number 1. The broker took his time... about 5 days...to finally tell me that he only wanted to loan about 60% of the as-repair value. No way. Not when I can do better (70%) with back-up hard money broker number 2. Back-up broker number 2 is probably who I should have went with in the first place. I've borrowed from this source before. It took one phone call, and the money is there and I close in a couple of days. Wham-bam, the deal is arranged. == Florida Mortgage Guide - Florida Mortgages == It looks like it's time to shift around the players in my core team a bit. Back-up number 2 is now my starter. Back-up number 1 (foot-dragger, doesn't-loan-the-70%-he-said-he-would) is benched. I tell this story to illustrate that it's absolutely CENTRAL to your business to have back-up plans in all aspects of the business. I strongly recommend having two or three: - Hard money brokers - Appraisers for quick value assessments - Rehab crew leaders - Plumbers - Electricians - Roofers - HVAC techs - Realtors In fact, have two or three of any trade or profession lined up, ready to spring into action as a moment's notice. Sure, I have my favorites in each of these areas, but I am striving to have 3-deep hot back-ups in each. Things happen. Life happens! Be prepared for it. Don't stop there. Have back-ups when you rent or sell a property. A property isn't rented until the rent and deposit (or lease/option fee) is paid and the keys are in the hands of the new tenant. So, encourage back-ups until the money is in your hands (in cash). I've had appointments set up to sign leases, and the potential tenants never show up, no call, and they quit answering their phone. This is despite being hot for the house an hour earlier! If you are in this business long, you will learn that people will disappoint you and they will fool you. So, establish policies and make one of them "it ain't rented until it's paid for!" Encourage back-up offers to purchase. Deals fall through all the time! Take as many back-up offers as you can. Having back-ups is a mental frame of mind that fits within being a big-picture thinker portion of the Mind of the Real Estate Investor. In addition, rearranging your core team is thinking big and long term. It's a constant process of improvement and adjustment. This approach is crucial to your business! Apply this principle and profit! Bruce W. Ford publishes the "Nothing Held Back" newsletter, a free service of Rehab Real Estate Central (http://www.Rehab-Real-Estate.com). Get a free copy of his mini-course entitled "The Mind of the Real Estate Investor by clicking here!." Reprinted from Click-Partners.com
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