Like many real estate investors, I started out investing in real estate using my own money and credit. This worked fine for the first few deals. But eventually, as I purchased 20 to 30 properties, my lender at the time, Washington Mutual, cut me off from further deals and my personal funds dried up. I had built up a great deal of real estate equity, but was locked out from doing other deals with my traditional lender and could barely pay for my own groceries.I had to find another way to fund real estate deals or my investing career was over.This is when I discovered private lenders who have funds to lend for real estate deals, but do not want the headaches and paperwork to actually manage tenants or properties. These individuals are generally middle class people, like you and me, who have some extra funds to lend. They can be retired business people, corporate executives, professionals such as doctors, lawyers, or business owners or even blue collar workers all looking for returns substantially above the 3% to 5% they get at the banks.Let me first explain my definition of “Private Money”. Private money […]
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Ever dream of owning and operating your own home based-business? Want to make money online, but you just aren’t sure how to do it? Operating an online business isn’t nearly as daunting as it sounds. With a little bit of research, you can find your niche and learn how to make money online while you work at home.
PLAN
The first step for owning and operating your home business is to have a plan. You need to make goals for yourself and figure out how you are going to achieve them. Where do you want to be a year from now? Five years from now? How about when you retire? More importantly, how do you plan to get there?
If your home-based business is going to bring you happiness, you have to know what you want out of it. Would you like to retire early? Start planning! Setting goals is the only way you will ever start working towards accomplishing them.
BECOME AN EXPERT
The next step that will help you make money from home is crucial. You have to become an expert in your field. This will involve actively seeking out training, even if you already know a lot about your intended industry. […]
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When you buy a home and take on a mortgage, you expect to be able to make the payments. Times are uncertain though, and many unexpected events can occur knock you off track.
If you fall ill or are unable to work because of an injury, you may be unable to make your mortgage payments. If you are made redundant at work, you could face losing your home because you can’t keep up with your mortgage repayments. That’s why many mortgage companies suggest that you buy mortgage payment protection insurance. It works like any other insurance - you pay an annual premium, and if you are unable to make your home loan payments for any covered reason, the insurance policy will meet payments (for you for up to 12 months with most policies).
PPI and MPPI - payment protection insurance and Mortgage Payment Protection Insurance - have come under increasing fire here in the UK. Last year, the FSA asked the Competition Commission to look into the market for PPI and make recommendations regarding the market for mortgage protection and other payment protection insurance. The issues have to do with the outrageously high costs and alleged dodgy sales practices around most payment […]
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