Know the Right People
One of the greatest forms of financial leverage is contacts. Knowing the right people and being known by them can open doors for you that can save you years of hard work. The quality and quantity of your contacts and your relationships will have more to do with your success than perhaps [...]
Monthly Archives: December 2009
Leveraging Your Financial Potential
December 1, 2009 – 5:50 pm
It Is Up To You
December 1, 2009 – 5:48 pm
One of the first things successful people realize is the old adage, “If it is to be, it is up to me.” In other words, your success and your course is up to you. This doesn’t mean that you do it all alone. It simply means that you take responsibility for your life and your [...]
New Law Will Stick It To Landlords
December 1, 2009 – 5:29 pm
So much for property rights in Maryland.
A councilman in Prince George’s County, Maryland, has come up with a way to stick it to landlords, by making them responsible for law enforcement against their tenants.
The proposed law is part of the county’s new crime reduction program. Under the rules, landlords, not police, are responsible for dispensing [...]
Lease Options in a Soft Market
December 1, 2009 – 5:14 pm
I am amazed when markets turn soft the number of would-be real estate investors shrink. The common misconception people have is that it’s impossible to make money in down real estate markets. I try very hard to get people to understand that is just NOT TRUE. I co-authored a book titled Making Hard Cash in a [...]
Don’t Believe that IRS Notice You Just Got
December 1, 2009 – 5:13 pm
The IRS audit force has been doubled.  The fairly new commissioner has been given one prime directive: collect more money! And, just like the feds, they’ve fired up the printing presses.
In the past few weeks, we’ve seen dozens of IRS notices and heard of hundreds more. In almost every case, the IRS is wrong. If you get an IRS [...]
The College of American Real Estate Investors (CAREI) Launched
December 1, 2009 – 5:11 pm
A newly launched real estate investor college provides a certification program through online training for independent real estate investors, from seasoned professionals to those new in the field. The certification provided by the College of American Real Estate Investors (CAREI) “promotes competence, integrity and social responsibility through continuing education requirements, community involvement.”
Independent real estate investors can [...]
Focus on “Dollar Productive Activity”
December 1, 2009 – 5:08 pm
The Dollar Productive Activity Concept
One of the best concepts I’ve learned that helped me build a successful real estate investing business is the concept of concentrating on DPA, or dollar productive activity. I define “dollar productive activity” as activities that DIRECTLY lead to me getting a deal.
There are many things we HAVE to do in order [...]
Update: Buying at the Auctions
December 1, 2009 – 5:01 pm
Editors Note: This is an update to my “Best Way to Buy a Foreclosure” and “Foreclosure Buying at the Courthouse Steps” past Marketing Mania articles. Our “cold markets” are starting to heat up, so it’s time to expand the net when looking for great deals… and the auctions are a great place to look.
As a 22 year [...]
Answers About the Home Buyers’ and Homeowners’ Tax Credits
December 1, 2009 – 12:20 pm
“Ask an Expert” is a recurring feature on Bucks in which people have the opportunity to question big-brained inpiduals about a particular area of personal finance or consumer affairs. Robert D. Dietz, assistant vice president for tax and policy issues at the National Association of Home Builders, recently answered questions about the tax credits for [...]
