OFW Journals (OFW Stories on the News) and Some OFW Employment, Career & Business Tips

Posted by: "linden moe" mortgagesnhouses@yahoo.com mortgagesnhouses
Mon Jan 22, 2007 4:12 am (PST)

"7 Ways To Minimize Investor Risk, Increase Profit Potential And Maximize Cashflow, In 2007's Changing Market"

Dear Fellow Investors,
In this changing market we need to be looking at all ways to continue making big bucks..Dont buy into the panic we ARE NOT the masses, In fact Investors make big money in stocks when they buy while..

the masses are panic selling, same goes for this real estate market. By the time they come running back to real estate we will give them their properties back..At a 200% or so mark up so lets get right to it shall we..

1. Dont Try Going it alone- it is the most dangerous thing a investor can attempt in this market build your team with inverstor friendly, realtors,attorneys, inspectors, mortgage reps and fellow investors to spread risk. And definitely.. .

2. Watch Contractors- I do project management and you would be amazed how often I go to projects and nobody is there or they told my client something was done and they were lying.Honest Contractors are more rare than unicorns. So....

3.Get A property manager or equivalent like friend/family/ handyman/ fellow investors- the reason is renting units can be tough on your time effort and pockets,not to mention help dealing with deviant tenants ..you need somebody who can help you get tenants fast as you can which leads me too...

4. Dont Play With your marketing! -I dont care what strategy you employ marketing can and will save your hide!! If you are a landlord you need marketing to attract renters, rehabbers need to attract end-buyers, wholesalers need to attract motivated sellers. Marketing is your secret weapon against any real estate cycles. And...

5. ASK..a wise man once said "You have not because you ask not" ask for advice from fellow investors, ask that seller for 50% Ltv, ask that contractor to be accountable, ask those evil tenants to pay rent, ask for help renting your units, ask for help and advice from your attorney or cpa and then ask some more because there is no room for mistakes..

6. Dont Procrastinate. ..read this one again because this one will stop any wealth building and can cause you a life of misery, if you dont master this one, you will have vacancies, you will have large holding cost, large maintenance bills, problems with city inspectors, and all this if EVEN you Ever do a deal at all ..I know next year is your year right? The lights will never be all green. Get Tough and take action.Now.. Today..get in the game

7. Dont listen to bad advice-Dont make any decisions based on panic and mainstream media..Now more than ever you need to make sound decisions not based on panic.People told me dont buy when it was a sellers market,guess what they say now.Dont buy in this buyers market. Huh?? When do we invest?? My answer is constantly and consistently no matter the market !

This is an excerpt from my coming e-book "Changing Strategy's In A Changing Market"
Hope these are useful to your investing. Much success and wealth to you in 2007

Linden Moe- Specializing In turn-key Solutions For Busy Investors
Vendor Member-Micheal Regis realty Group- R.E Consultant
www.BuyIncomeHomes. com cell 732-857-0285 or 1-800-337-5414