How To Finance Multiple Investment Properties

Financing multiple properties

We have all heard phrases like; “Buy land, they are not making any more of it.” Own land, my son and you will never be poor.” “No man feels more of a man in the world if he has a bit of ground that he can call his own.”

These and many similar sayings are weaved into the character of every real estate investor inspiring each to go forth and nobly create a substantial portfolio of properties. Too over the top? OK, maybe you just want the income real estate can provide and realize that building a real estate portfolio can help you reach your financial goals.

As a real estate investor, I have seen firsthand the effects the new mortgage qualification rules set down by the banks are having on both the individual home buyer as well as the investor. Many lenders have further tightened their own guidelines, in turn making it extremely difficult for many

How I Saved $1,200 in One Month: An Almost-Instantaneous Hack to Your Spending

Have you ever reached the end of a typical month (typical, meaning there were no house fires, no car accidents, no awards banquets at the White House) and found to your shock and horror, that you’d over spent on every day, useless things by hundreds or *gasp* thousands of dollars?! You may or may not be raising your hand right now, but I will admit that I have accidentally blundered into huge credit card bills without realizing it on more than one occasion. Convinced fraud was involved, I’d angrily scan my statement only to find that I had unnecessarily ‘treated’ myself one, or a hundred times, too often. Those blunders usually occurred while getting ready for a show and working too much – when there’s a distracted urgency and a sleep-deprived craziness behind my spending. I can’t blame it all on work though.

There’s been a time or two when I just spent too much for what was coming in.

Simple Money Matters

A culture of debt has come to define our way of life making it difficult to give people advice on how to manage their monies. It is indeed an emotional subject. The approach to dealing with debt is made difficult by the fact that people need, want, and desire many things within their “limited” financial resources. There are two main problems regarding debt. Firstly, most of us commit to more debt than we can afford to repay. Secondly, most of us commit to repaying debt before putting money aside for future needs, things that should take priority like our children’s education, savings for rainy days, and provision for our retirement.

We live in times and society where the pressures to buy and to show off the things we have bought (materialism) is enormous. Our inability to afford these things or put money aside for them has pushed us to the direction of buying on credit (getting things now and paying

Understanding the Psychology of Debt and How to Free Yourself From It – Part 2

All wealth creation and success in life involves having a strategy, whether it be an investment strategy, a tax strategy, finance strategy, loan strategy, diversification strategy, income strategy and many more. This, of course, includes a debt reduction strategy.

From a debt reduction strategy, there are a couple of ways you can go about this, lets discuss a couple of approaches now.

Where to start and what to do
There are a couple of key things you
absolutely should do for every debt you need to pay off.

1. Find spare cashflow in your life to start paying more than the minimum balance on one debt. Take the time to get clear on your finance situation and understand where your money goes and flows.

2. Call all of your utility, insurance, communication and lending institutions you have accounts with and negotiate a better deal. You would be surprised how often a better deal is available, simply by asking! A better

Catch the Thief That Works For Your Dental Practice

Embezzlement is the theft of money or property from a business by an individual in whose custody it has been placed. When embezzlement occurs in a dental office it’s usually a staff member with the mindset that their financial problems can be solved by stealing from their employer. The employee has been employed at the practice for some time, therefore the dentist trust them and will not notice immediately. The average rate of embezzlement for busy dentists is unfortunately 1 out of every 3.

The key words in the previous sentence are busy dentists. As a dentist operating a practice you are stretched thin with the many responsibilities you have. It is virtually impossible to monitor every financial transaction that occurs in your business, see patients, oversee staff, develop the operational steps of the practice, and more. Your busy schedule provides the employee with the theft mindset the opportunity to learn what you review often and deem important against what