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Blog Details for "Middle Class Millionaires"
Middle Class MillionairesMiddle Class MillionairesMiddle Class Millionaires is a source for practical real estate investing ideas and tips. From time to time be also have personal finance information.
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Take The Heat Off Your Utility Bill Budget With Warmer Water
2008-06-05 21:55:00 Most owners would love to shave a little off their ongoing utility bills. If you pay for utilities in any of your properties, here’s a simple way to start saving soon and keep saving forever. It also works in your home. If you reduce the temperature in your property by only one degree during the cold ... More About: Water , Heat , Budget , Utility , Bill
Real Estate Ignorance Video
2008-05-19 21:35:00 Here’s another video, this time based on the article Real Estate Ignorance In Action More About: Video , Real Estate
Beneath The Surface Of Real Estate Investment
2008-05-13 19:45:00 The text for this video was taken from an article Roger wrote last June, “Is This A Real Estate Deal You Should Run With, Or Run Away From?” The deal is long dead, but the message is one that bears repeating. More About: Real Estate , Real Estate Investment , Investment
Catching A Realistic Vision Of Real Estate
2008-05-02 18:43:00 Most people in real estate like to think of themselves as visionaries. We tend to have positive expectations and believe that good things will happen. We are optimistic by our very nature. These personality attributes are what make us entrepreneurs and are the foundation for much of our wealth development. However, in a time of ... More About: Estate , Real Estate , Analysis , Real , Vision
Looking At The Rear View Mirror Of Real Estate
2008-04-18 19:00:00 You cannot safely go forward if you?re always looking in the rear view mirror. Make sure your analysis of properties is based on future assumptions, not past performance. While is it an industry constant that people are taught to base purchase prices on historical numbers and not on your higher projections. Now would be a bad ... More About: Estate , Real Estate , View , Real , Mirror
Don?t Let The Headlines Scare You Away
2008-03-21 17:02:00 I won?t belabor the point, but I will say that my clients have heard this for years; ?Run the numbers, they will tell you what to do?. Still most people are willing to let someone else do their thinking for them. That?s too bad for them, because by not doing their own thinking they may ... More About: Headlines
Put $500,000 Into Your Nest Egg
2008-03-12 18:00:00 Here?s how your current home can put up to $500,000 into your retirement nest egg. Can your home secure your retirement? Maybe not all of it, but it is possible that it can cover a lot more than you think. If you, like many Americans, live in a large family-style home, ... More About: Nest
Be the bank.
2008-03-07 23:17:00 When times are uncertain, even if the problems that caused the uncertainty were not your fault, they still affect you negatively. Such is the case with the residential mortgage market and its negative effect on the commercial lending business. It?s too bad that the stupidity and arrogance of the residential single family detached market has ... More About: Bank
Geting a big feel from a small property.
2008-02-29 19:27:00 We?re all concerned with maximizing. We want the highest return for our money. We want the best gas mileage our car can get. We want the greatest income from the least amount of work possible. Heck, we even supersize our French fries when go to our local fast food joint for lunch. So why shouldn?t ... More About: Property , Small , Feel
Real Estate Investment Blog Roundup #1
2008-02-28 22:12:00 Here’s a rundown of some good / interesting / noteworthy posts from around the blogosphere that I’ve read recently. They are in no particular order, except the first one, which I thought completely deserved to be first. Why you might want to inspect your units Warning: This post with a video is not for the faint of ... More About: Estate , Real Estate , Real Estate Investment , Investment , Roundup
You don?t need to be a victim of current mortgage problems. You may be able
2008-02-13 20:10:00 If you or someone you know is in danger of foreclosure, there are a few simple things you can do to improve your situation and possibly remove the problem entirely. Following are 4 things that can be done immediately to actively remove the pressure and problem. 1. Contact the lender and see if interim arrangements can be ... More About: Current , Mortgage , Problems , Victim
Real Estate With An IRA
2008-01-29 18:42:00 A couple of weeks ago we held a free webinar for folks that belong to our newsletter (sign up in the upper left hand corner) about how to use an IRA to invest in real estate. If done correctly, you can set up an IRA, have it buy and pay off investment real estate (apartments, ... More About: Estate , Real Estate , Real
It is the best of times it is the worst of times.
2008-01-29 00:03:00 Not a day goes by without a fresh spin on real estate appearing in a few local newspapers nationwide. Many of these articles just regurgitating facts provided by some p.r. person with an interest in having those facts spread out into the marketplace. I have to laugh when I read in my local paper ... More About: Times
Maximize real estate values and incomes during inflationary times.
2008-01-17 19:20:00 The US Department of Labor in Washington D.C. announced mid January that inflation has hit a 17 year high. And what?s more is that at the same time, personal earnings have actually fallen behind this increase by .9 percent. Most people will see this as terrible news. But this dark cloud has a silver lining ... More About: Estate , Real Estate , Real , Times , Values
Less Work can mean More Money
2008-01-02 19:09:00 One of the most time consuming parts of property management is the coordination of rent collections and increases. What for many people is a nightmare can be made quick and easy by taking a very few simple steps. In order to simplify your property management for greater profitability, focus on the following three items first: 1. Have ... More About: Money , Work
Using Real Estate So Uncle Sam Will Help Pay This Year?s Taxes
2007-12-28 18:43:00 One of the great benefits of active involvement in real estate is the ability for properties to produce tax shelter. In this way, owners can reduce their personal income tax liability because of tax losses produced by investment properties. When real estate is operated wisely, this tax shelter almost always occurs during at least the ... More About: Estate , Taxes , Real Estate , Management , Real
Real Estate Rollercoaster
2007-12-14 18:36:00 I?ve been watching the papers. For the last three weeks there has been a minimum of 4 business section front page articles, per week, about the suffering real estate or mortgage industry. You?ve seen them too. ?Home prices dropping.? ?Mortgage companies going bankrupt.? ?Major Banks and Savings and Loans cutting staff and closing offices.? ... More About: Estate , Real Estate , Investment , Real , Aster
Keep The Home Fires Burning
2007-11-28 19:26:00 Most of us love the idea; a cold winter?s night, a cup of steaming hot chocolate, a crackling fire and someone to share it with. It is a beautiful dream, but without the proper care can turn into a nightmare. A nice warm fire is great as long as it is in the fireplace ... More About: Management , Home , Burning , Fires , Burn
You?ll Really Flip Over This Real Estate Tip
2007-11-08 17:19:00 You know that somebody out there is making good money fixing and flipping properties, but maybe things aren?t going as well for you as you anticipated. There could be many reasons of course, but here?s a proven, low cost improvement that makes remodels sell faster and for higher prices. This simple bit of knowledge could ... More About: Estate , Real Estate , Real , Flip
Rent Incentives That Work.
2007-11-02 16:58:00 A common challenge for many property owners is getting rents collected in a timely and efficient manner. One program used successfully by landlords is to incentivize their residents to pay their rent on time. This is done by offering them a discount, a rebate or an annual free month. Of course the rent charged needs ... More About: Work , Rent , Incentives
Windows; More Than Dressing.
2007-10-24 18:49:00 Sure they let in the lots of natural light, and that?s good. But they also let in a huge amount of heat in the summer and cold in the winter. As property owners we are then left with the bills resulting from overcoming Mother Nature?s window-related effects. Heating or cooling, the costs add up big ... More About: Windows , Management , Dressing
DIY Real Estate Not Always Best
2007-10-13 01:08:00 One of the great challenges in real estate is the temptation to do everything ourselves. After all, we?re smart. We work hard. We can do it all ourselves and save money doing it. Why pay someone else when we can do it just as well? The reason of course is because despite our confidence, when ... More About: Estate , Real Estate , Management , Investment , Real
Finding Investment Property
2007-10-04 23:39:00 Most of the questions we get are about how to locate new investment deals. Here’s a video I put together that might be able to help you along the way. It’s about 10 minutes long, give it a listen and let us know what you think. P.S. This is the first time I’ve played with the screen ... More About: Property , Investment , Investment Property , Prop , Pert
Spin The Wheel And Win With Real Estate
2007-10-04 18:13:00 The wheels on the real estate bus go round and round. You know it?s true. Like most things in life, the real estate business and market is a fluid environment. It is cyclical. Things are always moving. Look into the history books and you?ll see that when it comes to real estate, what goes up ... More About: Estate , Real Estate , Real , Spin , Wheel
Real Estate Ignorance In Action
2007-09-26 01:05:00 Ok, so I’m not so arrogant as to assume that I know everything there is to know about real estate investing. Not even close. There are a few simple concepts, however, that I believe anyone interested in real estate investment should know. It’s frightening to see the decisions that are made when folks run half-cocked ... More About: Estate , Action , Real Estate , Investment , Analysis
Real estate, when beauty is a beast.
2007-09-24 23:44:00 When owning and operating investment real estate, remember that everything comes with a price. And we?re not just talking about the purchase price. This includes capital expenditures you make after you purchase the property itself. Some of these additional financial outlays are wise but many simply are not. A very common mistake made by ... More About: Beauty , Estate , Real Estate , Real , Beast
A Home Equity Investment?
2007-09-10 19:12:00 I received an email from a woman who is concerned about using her home equity line of credit to purchase a rental home. She is afraid that she won’t be able to keep it rented. If it were to go unrented for a while, she wouldn’t be able to make the payments, therefore might lose ... More About: Investment , Home , Equity
Proper property preparation equals stress free winter and early spring.
2007-09-06 01:15:00 Summer is fading into fall and winter is just around the corner. Now is the perfect time to take care of your property needs before the cold weather ahead comes home to roost. It is also the right time to insure that your spring is not hampered by unnecessary problems and unneeded expense. Getting ready ... More About: Winter , Property , Free , Spring , Stress
Winners
2007-09-04 18:40:00 All right, folks. Maria A., Louann C., Alba L., & Robert C., You’ve each won an advance copy of “How To Buy Real Estate With No Money Down.” I just sent you each an email. Make sure you get back to me so that I can mail you your prize. About half of the questions we received ... More About: Site News , Winners
Thanks For Your Questions
More articles from this author:2007-09-03 19:48:00 Roger and I have gone through the comments and the emails and chosen four winners. We’ll announce them tomorrow. Then we can get to answering your questions. More About: Questions , Hank 1, 2 |
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