February 5, 2012

What Does it Take to be your Own Boss? 4 Best Tips for Getting Started

Posted by Jason Wheeler | Fully Follow Me | Subscribe

Be Your Own Boss

Guest Post by Ewan Thompson

What does it take to be your own boss?

No matter what sector or role you work in, most of us wish we could work for ourselves. However it is difficult to take a step that large when you don’t know for sure what qualities you have that would make you a good boss.

The first question is; why? Why do you want to do it in the first place? Are you tired of working for someone else? Maybe you have been counting the pennies and despite the good advice from journals and websites, like lovemoney.com for UK citizens, you feel a career change would be beneficial too. Do you want to have flexible hours controlled by you or just fancy the challenge?

The second thing to consider is what it takes to be your own boss. Most business owners don’t plan on it initiall

Top Four Necessities for Being Your Own Boss

Confidence – In general being your own boss has a lot to do with confidence and belief in your own ability. Many use their own lack of experience as an excuse to not go down the business path. If you endeavor to improve your skills though, are organized and maybe find a mentor to help you, anyone can do it.

Drive – There is a mistaken belief that you have to be ruthless and money orientated to own a business, but in actual fact most entrepreneurs do it for the love of working for themselves and a passion for their industry. It is this which makes them driven. Drive is key to most successful businesses, but what are you driving towards? More money? Higher output?

Experience – when you are your own boss you are working based on your own experience of the industry you work in. Even the negative experiences under someone else’s employ will help steer a new business owner in the right direction.

Education – make sure you are up to date with all the latest information that will help you run your business. You will always have a weakness and you can either do a course (there a tons out there) to educate yourself, or if you have the funds, hire someone to handle that aspect.

 

Is Bank Of America Actually Offering Mortgage Principal Reductions | CA Bay Area Financing

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Bank of America Claims to be Offering Mortgage Principal Reductions. Have You Heard of ANY Success Stories?



Bank Of America to Reduce Principal for Distress Home Owners

Bank of America, the nation’s largest mortgage lender, on Wednesday announced a program to offer homeowners who owe significantly more than their homes are worth the opportunity to have their loan balances reduced.


 

 

I’ve done some personal research on this program and from what I heard on the news today it’s a very interesting. If a homeowner owes more than 120% of the value of their home but wants to keep it, B of A essentially forgives interest temporarily. (Another way to look at it is they set the interest rate at -0-.)

Then they set a payment they think the homeowner can afford, and 100% of the payment goes to principal reduction until…

The balance of the loan drops down to the then-current value of the home. Then interest kicks in again, presumably at the original terms, although I don’t know that for sure.

Note that B of A doesn’t give up any principal, but rather gives up interest — but only for a fairly short time.

Financing Trends

Here we are wrapping up Friday 3/25/2010. Mortgage rates are still extremely low. Some of the niche programs for first time buyers and tax credits are still available.

You can look at weekly rate trends Here | Popular Funding Programs

If you have financing questions, or want to learn more about what we are doing as Real Estate Investors? Or if you are looking for new income or lending sources… Don’t hesitate to get in touch with me anytime! Right now we have access to over 300 non traditional lenders looking to give you money for your real estate deal.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Building Your Business and Real Estate Portfolio Locally and Nationwide

Article by Jason Wheeler | Read our Feed | 925-285-217

Our mission is to provide clients and investors with exceptional services through the intelligent application of real estate investing strategies and the latest mortgage financing options available today. We are dedicated to helping you build a profitable business and real estate portfolio.

Through many of our strategic partners we can help provide the following.

Call or Email Us now for a Quick Approval and Personalized Quote 925-285-2172


 

 

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  • Financing for Your Real Estate – If there is a loan product in the conventional market that you qualify for we will get it for you. We have no allegiance to any one bank and always work for you. We can also provide private transactional funding for your short term Real Estate investments.
  • Transactional Funds for Real Estate Investors as low as 2.25%
  • Real Estate Investment Education – Have you thought of creating an income through Real Estate Investment strategies? If so you can benefit from one of our FREE Events. Learn our unique model in real estate investments and create a long term source of wealth and security.
  • Foreclosure Relief – If you are in a hardship or cannot make your current payments you need to speak with us. Did you know that there are several ways you can avoid going through a foreclosure and often times save your home.

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Call or Email Us now for a Quick Approval and Personalized Quote 925-285-2172

REI Capital Solutions Group was founded by Jason Wheeler. Jason has been practicing in Real Estate Finance and Investments since 2003. His main passion is to help the average consumer create success through building a successful business foundation and real estate portfolio. Jason served his community in Pleasant Hill, CA in the East Bay Area as the Vice President of Government Affairs for the Pleasant Hill Chamber of Commerce Board of Directors from 2006 to 2009..

Jason’s key to success is always finding a mutually beneficial transaction for everyone involved in his real estate transactions and investments. Jason will help you get the knowledge you need to create a significant income in real estate investments and connect you with a network of thousands of investors nationwide that want to help you succeed in Real Estate Investing.

EDUCATION: Education is the key to having success in just about any endeavor or skill we believe that in order to be successful in Real Estate Investment endeavors you must understand the various strategies that you can implement including. We can introduce you to top notch trainers that specialize in strategies like Creative Financing, Buying without using you own money or credit, finding wholesale real estate deals and much much more. You will learn from successful practitioners in the real estate investment field that bring up to date start to money systems for you to implement.

CASH FLOW PROPERTIES: If you are interested in diversifying your investments to include income-producing properties, we can introduce you to a complete turn-key solution: a national network of real estate acquisition and management professionals who can deliver cash-flow-positive, instant-equity properties in great rental markets around the country with as little as 10% down. You can literally shop for great rental properties online. Key services include property acquisition, property management, tenanting services, incorporation and tax services, and much more .You will have direct access to full comps or appraisals, mortgage documents, photos of the property and full financial’s. Contact us for a free online tour of currently available properties.

INCOME: Do you have a strong sales and marketing background? Are you highly ethical, strongly money-motivated, and interested in learning investing? Contact us to find out how you can join our outstanding team. We do not put a cap on your up-side potential. We pay for results.

COMMUNITY: Do you believe that investing is a team sport? We do! We can introduce to you a network of over 12,000 investors, brokers, lenders, lawyers, accountants, agents, property managers, deal locators and instructors so that you always have someone to consult to provide support, mentoring, advice and assistance with your next deal.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Event |

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Leave a Comment or Question Below we Answer Each One!Until Next time Here is to your success! Jason Wheeler 925-285-2172 |
 

Making Money In Real Estate Investing | Getting Started Full Time or Part Time | Five Tips for Getting Started

 

 

Posted by Jason Wheeler | Subscribe

When I talk to people about how I got started in real estate investing they often assume they don’t have enough time or money…

The fact is that when I got started I was waiting tables 6 nights a week in the restaurant business, and my mortgage business was not doing very well.

The people that find success in real estate often start part time while they work a full time job. The important thing is to get started somewhere. The key is to build a base, learn everything you can and create some contacts and mentors. By no means do you need this to be a full time endeavor at first. All of these are the reason why you should attend one of our free events. You will have an opportunity to meet others experienced and novice that want to help you succeed. You will also gain knowledge that will empower you to take action on those first deals. Finally we can show hundreds of resources to create capital for your projects.

One of the biggest misconceptions is having the money to get started.

Right now I can introduce you to over 300 non traditional lenders that want to lend you money for your real estate deals! If you really have the drive to get started investing nationwide or just locally you must start somewhere.

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Here are a Few Things to Do to Get Started Part Time


  1. Find a Mentor To Guide You: This is the first thing that you should do. Many mentors will help you but often not for free. That does not mean that you have to pay them a lot of money or get involved in an expensive coaching program. Often you can serve a mentor by offering your time, service in exchange to learn and ride his/her coat tails. So where can you find mentors like this?

  2. Attend Local Networking Events: Get online and search for your local Real Estate Investment Clubs or local events and Investor Forums where you can learn about opportunities and better yet network and meet people. You should not limit your networking to just real estate investment clubs. Check out groups like your local Chamber of Commerce, Rotary and BNI are also a great places to meet professionals that may refer you business and offer connections. A common misconception is that these groups don’t offer much to real estate investors. The fact is that they offer tons. Everyone is in real estate in one way or another. You either own or rent it and many are looking for ways to leverage it to get ahead and make money.
  3. Get Social Media Savvy: Start to utilize sites like Facebook, BiggerPockets and other social media to meet investors nationwide. Actually make these people into connections. Schedule phone meetings, ask questions and offer yourself to serve. You will be surprised who you meet. Most important you MUST create a website or blog. There are many ways to get this set up however if you want to be effective in your online marketing you must work with experts. Building a blog will create more business than you might imagine. You can get a site just like this one and customized to your business and style from the guys at Free Blog Factory. I’ve found if you look all over the internet you will not find better value in launching your social media endeavors.
  4. Be Consistent: Make a business plan. Treat it like a business and it will pay you. If you are starting part time you need to schedule some time each day, even if it is only two hours and dedicate that time to learning growing, meeting investors and business partners and prospecting for property.
  5. Find Property and Make Offers: The fact is you must take action. Once you’ve spent time learning and you have a solid mentor working with you, start finding property and making offers on real estate. Many area afraid to do so because they feel they can’t back out. This is not the case as you have inspection times and contract contingencies to get you out of the deal if it is not what you are looking for. Even if your first few offers fail the experience will boost your confidence and you will get better as you go.

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Patrick Esposito from Real Estate Pro Articles

Real Estate Investing: part time or full time?

When one gets the real estate bug, then it is logical to take this business to the highest level possible, as fast as possible. If you work full time at something, you will make more than if you worked part time. Right? All things being equal, probably. The standard rule of thumb is to start part time, and go full time when your part time income equals your current full time income. Most people who invest in real estate full time for a living have probably been doing this for a while, and have a reasonable income coming in. One of the great benefits of investing in real estate is that you could work at this part time, and still become wealthy over time.

When the time is right, you will know it. Don’t go at it full time, hoping to have a great year and make “good” money. People get involved in real estate to produce cash flow, yet if they quit their job to focus only on real estate, they are stopping their cash flow. Whether buying for long term rentals, or flipping for quick profits, you can make a substantial amount of money working part time. As you gain experience, you will develop skills to help you save time, and accomplish more. For example, you will know the right qualifying questions to ask. You will also be familiar with different areas, and will know which properties to follow up on, and which ones to pass on. You will be able to determine all of this without ever leaving your home.

Working full time can tend to put pressure on you to consistently do deals. Because of this, you may purchase properties that may be better to pass on. You become anxious to do that next deal, and even the mediocre ones start to look ok. They all have potential. You must know what you are doing. After all, you do this full time. Right? If you decide to invest in real estate full time, do not do it just to massage your ego. There are many ways to do that.

Build your base first. Your base consists of your experience, your knowledge, your motivation, your credit, your asset base, and your cash flow. All successful endeavors start with a plan, and short and long term goals. You may start part time, and have a goal to go full time after a certain amount of time. Build a strong foundation, which takes time, and your success is sure to follow. Remember to always be an informed investor. www.TheInformedRealEstateInvestor.com

Connect with Jason Online!

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Until Next time Here is to your success! Jason Wheeler

 

 

Federal Funding Released In January for First Time Buyer Programs in Contra Costa Bay Area


Popular Financing Programs in Contra Costa Bay Area Real Estate.

Presented by Jason Wheeler

If you are thinking about a purchase a new home you should know that the Federal Tax Credit of $8,000 to first time home buyers is due to expire in April of 2010. Get crackin and buy something! When was the last time in history you could buy a home at these prices get a loan under 5% and have the government pay you $8,000 to do it? These are truly unique times we are in.

Did you know that Contra Costa County is releasing 6 Billion dollars this month for the Mortgage Credit Certificate Program? This is s huge opportunity for your borrowers to take advantage of a little known government program that can save thousands each year!

Check out the newest and hottest loan programs and let me know if you would like to see if you fit into any of them. We were locking rates in this week at around 4.75% on a 30 Year Fixed with no points this week!

Hot Loan Programs at a Snapshot

You can look at weekly rate trends Here.

Three Real Estate Investor Events This Week!

Investor Forum in Bay Area CA RSVP Here!

Join us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!


Real Estate Investing Via Web 2.0

Post bubble recessionary real estate investing in a networked world pretty much nails this discussion, grab your web surf board and enjoy the ride.

In this article, I show you what is working in real estate today and how to use the web and automation to create stimulus you can immediately use to ride the crest of real estate investing opportunities today. You’ll be shown how to find, fund and market hot properties while generating large buyer and seller lists using the internet to do some of the critical heavy lifting for you.

There are a variety of reasons why the following types of property are hot, just know that single family homes (SFH), condo’s & town homes, apartment houses (Multi-Units), mobile homes & parks and vacation homes in many markets are on sale now. A few methods of finding and controlling these assets are: wholesaling, rehab & retail, buy, hold & rent, lease w/options to buy, assumption of existing mortgages, taking subject to existing mortgages and working the probates, auctions, foreclosure’s and short sales. (Buying bankruptcy, foreclosure, probate, tax lien, eviction and divorce lists works well too)

Granted it takes education, knowledge, research, follow through, strategy, funding sources and various alternatives to control these assets but these are all easy pieces of the puzzle when a guy like me is willing to help. Researching, locating, analyzing, negotiating, buying, selling or holding techniques can all be taught and their not that difficult to understand, it’s just a matter of getting good information and actually using it to do the deals.

Everyone knows that getting a mortgage is funding method number one for most but what about using 2nd & 3rd position notes, rehab loans, lines of credit, government stimulus programs, grants, private money, fellow investors, partners and owner/seller financing or maybe just using options to control without using any money for starters, this can all be taught so fear not weary credit crunched investor, I’m here to help!

Let’s not get ahead of ourselves here, it’s nice to have funding alternatives in place but you still need to find the deals and most often you had better find them at no more than 65% of value or .65 cents on the dollar if you hope to be successful in selling them to the next buyer for more.

These days you have a serious and very versatile tool at your disposal and that is the internet, the net allows you to market globally, capture and track leads 24/7, drive virtual traffic through your online front door, pre-qualify leads, post property, reports, whitepapers, articles, video’s and so much more. Getting a website up and running is easier than ever and creating an opt in box for the name and e mail capture of your visitors is a snap too, just know that these aren’t obstacles to your progress, it can all be outsourced very inexpensively, again using the web to do it.

Once you have a simple website with squeeze page (lead capture) set up then you can direct all your lead generating activities for buyers and sellers to it by putting your web address (URL) on your bandit signs, classified ads, flyers & newspaper inserts, direct mail letters, business cards, answering machines, for sale signs and so forth. I actually have a friend who will give you 10 websites a month for $27! Websites are easy. Get one or many!

Now that you have that virtual real estate property in place (your website) you should sign up at a few of the better known and highly trafficked social websites like: Facebook, Twitter, MySpace, LinkedIn along with a few real estate networking forums, these allow you to spread the word regarding what you do. Backpage, Craiglist, Kijiji, and other free classifieds posting sites let you tell people what you have; there are thousands of places on the web to post your message once you have a place to bring them back too.

Extra credit: Always carry a small pocket video recorder with you to capture, property, people, places and events, the Sony DSC-T700 is perfect for creating short videos to post on your website, Youtube, Facebook and property listing sites, people do business with people they know, like and trust, let them see you on film to help build those relationships over the web.

The internet allows you to set up systems and outsource just about everything that needs to be done allowing you to focus on the core money making aspects of finding great deals and selling those deals to others for a little bit more than you paid, even dead leads are worth $450-$500 each when you know where to sell them.

I briefly mentioned the reasons for having a website above now let’s get into the nuts & bolts of technology to lighten your load while your leads explode. First off I’ll ask you to take some type of action once you’ve finished reading, doing it now will create momentum and stop procrastination and fear dead in it’s tracks.

Let’s look at what a well planned out website can do for today’s busy real estate investor.

First off technology is great at automating routine tasks and initial follow up, web forms can automate distribution, marketing, contact management and customer service for starters, allowing you to use your website to explain, tell and sell 24/7.

By setting up informative articles banks, email auto-responders, frequently asked questions banks (FAQ’s) you can answer a lot of routine questions on autopilot. Now you have more free time to network with other investors, market deals, mentor new team members while you personally maintain contact with your bird-dogs and other support people.

When considering a website you should begin by asking yourself some questions:

• What is the purpose or desired outcome that I want from my website?
• What will visitors be looking for when they arrive?
• What type of pages will you want to have on your site?
• What will be some of the major features of your site?

Are you trying to attract buyers, sellers, distressed owners, other investors, trainees, bird-dogs? Consider the following as a basic outline from which to begin thinking about:

• Home page
• About us page
• Contact us page
• Available properties page(s)
• Articles page
• Newsletter & product sales pages etc…

Features may be:

• Seller information forms
• An online forum or bulletin board
• A live chat room and member area

This next tip will save you a lot of time, trial and error: Go look at other existing websites that are currently ranking high for the specific search terms of what you want your website to do! This is competitive analysis and it will show you the best of what is currently working now! Save those URL’s so you can show your future webmaster examples of how you want YOUR website to look like and do.

Here are few ideas on what you may consider outsourcing to other specialists who can assist you in the tech sector:

• Website development and updating
• Contact management and auto-responders
• Social book-marking, adding friends and videos
• SEO using articles, blogs and videos
• Database management, adding products and information
• Building landing pages and squeeze pages
• Graphic design and copywriting

It’s best to start with outsourcing the things that you do not know how to do, then begin outsourcing things that you do not like to do. If you want quality people you can trust at very good rates touch base with me and I’ll put you in touch with the people I use.

Hopefully you’ve picked up a few nuggets from the “Be A Real Estate Heavy Weight” series, feel free to Google that phrase to get all the in-depth answers you could ever want regarding what we’ve briefly discussed here today. Take action and you’ll succeed.

About The Author

Please visit www.bearealestateheavyweight.com for further information and resources from your buddy Dan.

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