Real Estate

Cell phones with GPS and its many uses

GPS-enabled mobile phones are becoming more and more popular. They are practical and convenient because most people have cell phones and they always have them wherever they go. Most people love them because instead of having separate electronics, cell phone and GPS can at least be together. There are some systems that offer GPS systems on cell phones and they can work in different ways. GPS-enabled mobile phones are designed to enable device tracking and provide directions to people who need them.

Every cell phone has some form of GPS tracking. This is evident because when a person calls 911, the signal is observed at the police station and followed to a location. This happens when the signal on the phone bounces off the nearest cell phone tower, then uses the signal to determine how strong and fast the signal is and at what angle it is placed. But since only the police can access this special signal, most cell phone users need something that can actually be used on a day-to-day basis.

There are several GPS tracking services available such as TeleNav, ViaMoto, Mapquest Find Me, Smart 2GO, which needs a separate Bluetooth GPS receiver and memory card to work. The last one to mention is called Destinator SP but it is only designed for smartphone use. These plans offer a service to cell phone companies and charge a separate fee for using it.

There are two reasons why a person might need a GPS, the most obvious reason being to get directions, but some people use it for tracking purposes. Many companies that distribute work phones like to know exactly what their employees are doing at all times. If someone calls in sick, they can just check and see if you’re home. Or if he travels for a living, his boss can check to make sure he’s doing work-related things when he’s supposed to.

It’s also great for tracking a child, leaving parents with more confidence when sending their children. They can track them if their child goes missing, or they can track them when they come home late. Teens will no longer be able to hide from parents unless they turn off their phones. Spouses can also use this device to pinpoint where the other half is which can be used for good or not-so-good reasons.

GPS can also be used for direction purposes. If you are lost, you can simply search for answers on your phone. It can give you step-by-step route directions to get where you want to go. It makes traveling easier, instead of having to pull over to the side of the road and check a map or stop and ask for directions, which can be a hassle, especially late at night or in bad weather, you can just look at your phone. GPS can also be used to get business information and pinpoint where you are if you’re not sure exactly.

GPS cell phone can be used to provide peace of mind when traveling; you may never get lost again, which is an awesome concept to consider. More and more people are getting GPS on their phones, making them a growing little piece of technology.

Real Estate

tax exemptions

Who doesn’t like tax breaks? I know they do, and I will do my research to find them! Luckily for homeowners, I’ve discovered homeowner tax credits and will be discussing them so you don’t have to search all over the web. You can deduct various household-related expenses. The tax advantages that I am going to explain are for any type of home. This includes cooperative apartments, single-family homes, townhomes, mobile homes, or condominiums. The only downside to tax breaks is that they will make your taxes a bit more complex. You have to take the time to detail, which means a lot more work for you. This requires the long 1040 and Schedule A where you must list your deductible expenses in detail. Although detailing requires a lot of work, it is worth it in the end.

So where do you start? First claim the standard deduction based on your filing status. For taxpayers filing single or married but filing separately $5,450; heads of household $8,000; and for married couples filing joint returns $10,900. Compare the total expenses that you can itemize and file your taxes according to the method that will get the largest deduction. To help you figure out your potential Schedule A tax credits, I’ll talk about homeownership expenses you can and can’t deduct, and some tips for getting the most out of your new homeownership.

The tax relief from which you will benefit the most is the amount in which you pay monthly for your mortgage. Most homeowners checks go toward interest, and all interest is deductible. This is unless, of course, you are the proud and lucky owner of a multi-million dollar property. If you own a home worth more than $1 million, the IRS limits the amount of your deductible interest. Any interest you have to pay is tax deductible, including refinancing, taking out a line of credit or a home equity loan. Be careful, there are some IRS guidelines on these types of tax breaks.

The good news is that general debt capital of $100,000 or less is fully deductible. The remaining amount on your first mortgage can restrict your credit or tax breaks and could be a major concern if you over-leverage your home. If a homeowner chooses to get a home equity loan and it is combined with the first mortgage amount, the home’s debt increases significantly more than the property is actually worth. This will cause the homeowner to face more deductibility limitations. In this particular case, the IRS will allow the homeowner to deduct the lower interest on the original loan, which is less than the existing mortgage amount.

Here’s some good news for people in good real estate situations! For example, let’s say you are in a financial position to own a vacation home, second home, RV, or boat. As long as the property you own has sleeping, bathroom, and kitchen facilities, you can fully deduct interest. You even have the option to rent out your second property for half the year and still get all the benefits of the mortgage interest deduction, as long as you spend time in the second property. How good is that?! But be warned, if you don’t spend at least fourteen days in your second property or more than ten percent of the number of days you rented it, the IRS could consider your second property a residential rental property and eliminate your interest deduction entirely. My advice; if you have a second property of some kind, spend some time there!

Points are another way to earn tax breaks. Points allow you to get a better rate on any of several types of home loans and also offer a tax reduction. The tricky part is that you have to know exactly when to claim them. The IRS will allow you to deduct points only in the year you paid them, and only if you paid them to build or buy your primary property and the point payment is within the usual range. Make sure your loan meets the qualifying requirements so you can deduct all the points at once. A homeowner who pays points on a refinanced loan is also eligible for the same tax break, but in most situations, points must be deducted over the entire term of the loan. For example, if you paid $2,000 in points to refinance your loan over thirty years, you can deduct $5.56 per month per payment, or a total of $66.72 per year if you made twelve payments within one year on the existing or new loan.

There you go! Some tips on how to get tax breaks and some things to keep in mind when dealing with the IRS. I hope you found this information helpful and good luck next tax season!

Real Estate

How to Make Money with Real Estate – Some Strategies for a Successful Real Estate Business

Learning how to make money with real estate is important if you are new to the industry or if you really want to succeed in this type of venture. In fact, the real estate business can be a lucrative pursuit, of course, since you also know how to manage the risks that come with it.

In fact, big risks come with real estate business and if you have what it takes to become a real estate tycoon then you can make a good deal buying and selling houses.

Of course, there is more to buying and selling real estate. There are also several factors that you need to consider in order to make good profits. If you want to try and learn how to make money with real estate, here are some strategies and tips that can help you get off to a good start in this business.

Holding on to the property until the price is right to sell. One strategy that people do is to hold on to the property they just bought and wait until the market value goes up, profiting on their price differences. Of course, while you wait for this right time to sell, you can rent the property and make it productive. However, the risks involved in this strategy can be high. When the market price of real estate deteriorates, you can also incur tons of losses.

If you are one of those who does not enjoy waiting, then you can also turn around. The idea behind flipping is to buy a house or property at a low price and sell it in a matter of days or months. You can make a profit with this strategy, especially if there are major changes in the market price of the property that are favorable for its sale.

Another technique when selling a property is to buy houses that need renovation or minor repair cheaply, do all the repairs, and sell them at a much higher price. Of course, you are selling a property that is already fixed up, so you can also sell it at a good price.

Foreclosed property is also a good investment if you want to learn how to make money with real estate. Most of the time, foreclosed properties sell for a lower price or a good price and this can be a good opportunity to find the best deals with houses and properties that you can then sell.

To get the best price for your property, you can also invest in home staging. This is often a good marketing strategy that will allow you to price your properties well and also help you sell purchased properties quickly. Of course, you are giving your potential customers an idea about what to do with the house and what it is like when everyone has put in the effort to decorate and stage the acquired property.

Real Estate

Fix your bad credit with a bad credit loan

Are you one of the millions of people with bad credit, tired of being turned down by other lenders? So a bad credit loan can be the lining to the sliver in the dark cloud hanging over your credit. This may be just what you need to get your credit back on track and in the green zone. It will allow you to regain the freedom you once had by restoring your credit score and providing you with the funds you need right now. By fixing your bad credit, this will allow you to qualify for other loans in the future, whether you want to buy a new car, a house, or go on that much-needed vacation you’ve been dreaming of for years, but just didn’t have the money or credit to do it. Once you’ve fixed your situation, your bad credit will no longer hold you back. This freedom will allow you to relieve the stress of not being able to get help when you need it. Break free of bad credit drag and get back on track today.

How to fix your bad credit once and for all

By getting a bad credit loan and paying it back on time, you can not only give yourself help when you need it, but you can also help improve your credit score. As your credit score rating increases, the better your credit becomes. A low credit score is bad for your credit. It can affect all aspects of our lives. Banks and other lenders use these scores to determine whether or not you are high risk. If you have a bad credit score, you can’t get a new car, house, or emergency funds when you need or want it. This is where a bad credit loan can help restore your scores and get you going. As you rebuild your credit, this will place you in different credit tiers as you move up the scale with your credit score. This will lower your interest rate for the next time and help you qualify for more.

What type of bad credit loan is right for you?

To determine which loan is right for you, you must first decide what you need and want out of the loan. You need to know if you need a large loan or a small loan. A large loan may require a security or collateral deposit to qualify. A small loan may not require a deposit or collateral and will be based on your credit score. A bad credit loan lender will also rely on your credit score to determine which loan you qualify for and whether collateral or deposit is needed. When trying to decide which loan is right for you, you should consider the interest and how long it will take to pay off the loan. You will need to budget your finances to ensure that you can make the minimum monthly payments. Remember that with any loan, the interest is lowered on your credit score, so if you have bad credit, you will most likely have a higher interest rate.

Real Estate

The future of cancer genetic detection

Cancer is the second leading cause of death in the United States. In 2015, cancer killed 595,930 people, which is equivalent to 22% of all deaths in the United States, according to the CDC. This number continues to rise, and it was estimated that before the end of 2017, cancer will have claimed more than 600,000 lives last year. According to the Agency for Healthcare Research and Quality, $87.8 billion was spent in the US in 2014 related to cancer-related healthcare services. Genetic testing is available to help patients fight the war against disease. Early detection of cancer helps assign the right treatment and rise in survival rates. Early disease tests are available for various types of malignancies. Genetic testing for predisposition and early detection have positively adjusted survival rates for various types of cancer growths by up to 35%, according to the National Institutes of Health. Genetic cancer screening tests offer multiple positive results, such as increased survival rates and possibly reduced healthcare costs for both patients and providers.

What is genetic screening?

Genetic testing is a type of medical test that identifies changes in genes, chromosomes, or proteins. Findings discovered during a genetic test can confirm or rule out a suspected genetic condition or help determine a person’s likelihood of developing or passing on a genetic disorder. There are more than 1,000 genetic tests currently in use.

Improved results

The essential goal is to distinguish the test from higher-risk cancer populations and early detection of cancer growth in patients to decrease mortality. A correct early screening can modify mortality rates as well as offer a possibility of prolonged life and offer a better quality of life to the patient. For example, breast cancer is one of the leading causes of death among women with a malignancy. Insights from the National Cancer Institute have shown that women who had a standard mammogram reduced their risk of death by 15-20%. In general, the consistency of detection is low, which means that the number of people who need to be tested for specific growths is not ideal. For example, in 2014, the CDC showed that only 65.7% of patients older than 50 years were screened for colonic malignancy, while 27.3% had not been screened at all. Researchers at the University of Michigan found that people at risk who were screened for colon cancer could prevent 90% of a cancer diagnosis. According to the CDC, 9 out of 10 patients who discovered a colonic growth through a normal exam were still alive 5 years after initial diagnosis. In addition, people with a malignancy who have participated in a counteracting program, such as lifestyle changes and who have quit smoking, may receive reduced out-of-pocket costs and lower health care benefit premiums. In some cases, early detection and treatment before metastasis can also positively alter treatment and outcomes.

New genetic screening tests are coming

Researchers at Johns Hopkins University in Baltimore, Maryland, pioneered another strategy for identifying malignancies known as objective error-correcting sequencing. It is used to recognize even the lowest levels of circular tumor DNA, which is usually found in those with early-stage growths. In the examination, 200 samples were taken from people with colorectal, breast, ovarian and lung cancer, distinguishing 62% of stage I and II tumors. What is also worth mentioning is that no false positives were found in 44 healthy people who were tested.

Different biomarkers have been recognized for a large group of growths, including breast, colorectal, lung, ovarian, and prostatic. In 2016, 15,000 patients with 50 different types of tumors underwent liquid biopsy screening, which revealed detectable changes in six different types of biomarkers, including epidermal development factor receptor reported in late-developing lung growths and the B-Raf proto-oncogene, which has been linked to increased incidence of melanoma, with a specificity of 94% to 100% of screenings. comparative tissue biopsies. This could take into account the potential focused on targeted treatments for gene-specific malignancies to be customized and treatment options for those not yet qualified. Liquid biopsies could help reduce the risk of disease recurrence by finding circulating DNA after colon enlargement surgery. In 2016, researchers found that by reviewing tumor DNA metrics from the blood of patients with stage II colon cancer, they could predetermine which patients would be at higher risk of recurrence due to any persistent residual circulating tumor DNA. People who had circulating tumor DNA after surgery would likely endure repeat diagnosis; people who then underwent genetic liquid biopsies after cancer removal would be better equipped to assess improved postoperative treatments. So a liquid biopsy can be an affordable, non-invasive way to help recognize people who might benefit from postoperative chemotherapy.

Real Estate

Who are all these people? What the Title Agent, Notary, and Attorney Do at Real Estate Title Closing

You just bought a house and now it’s time to close on it. You walk into the room and wow, who are all these people?

Beyond your agent and mortgage lender, many others have been busy doing research on your behalf, reviewing and preparing documents. It is closing day when you will come face to face with some of these people. The main players involved in the closing are the title agency, the attorney, and the notary public.

The Real Estate Title Agency

The real estate title agency has many different roles in the closing process. It should be noted that the company and its agents are impartial service providers. One of the duties of the agency is to put together a summary of the property. The summary explains in great detail the location and history of the property. As part of this, a survey may be ordered. A title search is also performed which will identify any liens against the property, taxes owed, or other known issues.

Ultimately, it is the responsibility of the agency to ensure that all state and federal documents are filed correctly. If the real estate title company is also acting as the closing agent, a representative will review all paperwork with the buyer and seller. The agency will also receive and distribute all payments given and received by both parties. No matter how much work the real estate company does, it cannot provide legal advice.


Clients who wish to have a complete legal review of their closing paperwork can hire an attorney. These lawyers have specialized training in real estate law. The main job of the lawyer is to ensure that your interests and rights are protected and that your duties are clearly defined. They provide legal advice if needed. Your role can be as broad or as limited as the client wants it to be. They can review only the purchase contract or they can review all documents, from the title search to the survey, the purchase contract, and the loan document. An attorney can represent either the buyer or the seller. However, it is unlikely that the same attorney will represent both the buyer and the seller in the same transaction, as that would create a conflict of interest.

The Notary Public

A notary public will almost always be involved in the closing on a property. Notaries are public officials of the state in which they are licensed. They are accused of serving as impartial witnesses to the signing of legal documents. Notaries are impartial and neutral participants in the closing, whose job it is to ensure that all documents are legitimate and that no fraud is committed. Your primary responsibility is to make sure the correct person is signing the documents. A notary public does not have the ability to provide legal advice, nor can they prepare legal documents on their behalf. They can only legalize documents prepared by others.

Real Estate

Real Estate Investing Tips to Get Rich

For those of you who own investment real estate and have been nicknamed “Owners”, I share with you the absolute worst case scenario of Buy & Hold real estate investment if you have bought properties at good margins. Note: Although I live in Houston, Texas and wholesale great investment properties in Houston, most of my real estate is in my hometown of Columbus, Ohio. If you are interested in learning more about any of the locations, I can help.

Last year I changed property managers because the previous manager just wasn’t up to it. The new manager came along, collected some back rent and kicked out a couple of tenants who had to leave. Of my 18 investment properties that I hold to build long-term wealth for myself, 11 of them were occupied and 2 of them have slow paying tenants. For the first three months after they took over, I had $1,000 more in expenses than income because of all those empty houses. I had no job (Just Over Broke), and I like to eat something other than instant noodles.

So how did I survive? Well, it’s quite simple; I had a cash reserve built up from the previous months and years of investing in case the “worst case scenario” of a bunch of vacant units happened at the same time. My cash reserve is enough to cover all expenses for all my units for 3 months and my own personal living expenses. Without this, you would have been exactly where many other less educated investors were; in foreclosure.

Having a good cash reserve is critical to the success of your Buy & Hold real estate investment. Without it, a couple of bad months can kill you…and don’t expect the federal government to come up with a $700 billion bailout for you. You’ll be just another bad real estate investment story.

We are all in this together!


PS Even though my actual cash flow was negative by about a grand a month for 3 months, I still made a small profit as more than a grand principal was paid off on my mortgages. My property manager found tenants for 2 of my houses that moved in on the 1st of the following month and filled in a couple more of my properties the following month. Once all the units were filled up again, cash flow was around $3,000 per month on the positive side after all expenses.

PPS When bought at the right price on the right terms, even the worst market and economy can’t stop you from being a successful Buy & Hold real estate investor.

Real Estate

Housing Options: What Do You Want, Need, and Can Afford?: 4 Options

Although considered by many to be an essential ingredient/component of the American Dream, unless you want to risk it turning into a nightmare, an individual should instead seriously consider the best path forward for him personally and think on some of the most relevant topics, related to the place where one lives and calls – his – home! Housing options include: what you want; need; and can afford, and, choose, whether to rent or buy, a co-op apartment, condominium, or other type of home. With that in mind, this article will attempt to briefly consider, examine, review, and discuss these 4 options and determine which one might best suit your needs.

1. Rent: Many people decide, or can only afford, to rent a place to live, rather than make a purchase! Some may not enjoy the prospect of having the responsibilities inherent in homeownership, while others may be unsure about their employment plans, possibilities, security, or potential need/desire to relocate to another region/area/neighborhood, etc. . . . Others may not have the necessary credit needed to secure financing/mortgage! For some, they have not set aside the necessary reserves for a down payment and other necessary reserves for closing costs, renovations, reservations and moves/furnishings, etc. Sometimes people are not yet ready for the full experience of homeownership.

2. Cooperative apartment: own a cooperative, or apartment co-op, is not considered real estate ownership, because one is buying stock, rather than real estate! Securing a mortgage for these generally requires different standards, such as a higher down payment, etc. This is generally less expensive, up-front, than buying a condo, but often comes with higher monthly fees/costs.

3. Condominium: Condominium ownership, in general, means that you own your home, outright, but there is common property, of what we refer to as common areas, such as streets/pathways, yards, etc. Mortgage terms and requirements are often very similar to buying a home. Some are attracted to this, because it requires less individual maintenance, etc.

4. Houses: Decisions needed when buying a home include not only area, etc., but also what you can afford, meets your needs, and what style of home is best for you. Consider how much land you want, maintenance, costs, etc., as well as personal needs and what makes you happiest. Also, what style of home makes sense and will you like (ranch, split level, colonial, etc.)? While one ranch style is on one floor, the others often require climbing steps, etc., and for some, that matters!

Since, for most of us, our home represents our single greatest financial asset, doesn’t it make sense to proceed wisely and with considerable thought, etc.? Will you become a wise homeowner?

Real Estate

How to have the best open house possible

Have you ever been to an inspection where the house smelled horrible, was dirty, or was so messy you could barely walk through it?

It is said that it takes only 30 seconds for a home buyer to decide whether or not they are interested in a property, and if you have ever been in a home like the one I just described, you know it can take much less than that.

As a professional Home Stager, I have been to numerous inspections, where many properties were poorly presented and remained on the market unsold.

Preparation for your Open House begins weeks before the actual inspections. To ensure that your property presents itself in its best light, it is essential to give yourself enough time to complete the following recommendations:

1. Make sure your home has a welcoming entryway brimming with great curb appeal.

Establish a welcoming environment; Mow the lawn, weed the garden, trim shrubs and trees, and clear a path to the driveway of your property and remove any sports equipment or toys. Add some flowering plants to add pops of color around the driveway.

If it looks good from the outside, the buyer will want to look inside.

Tip: Have Open House signs clearly posted. If a buyer is unsure if their home is the ‘open house’ or how to get in the front door, they can walk right on.

2. Make sure your home is immaculately presented.

It is extremely important that you present or “stage” your property to attract potential buyers, as professionally arranged properties sell on average.

30-50% faster and by 7-17% more

Home staging is a proven marketing strategy where you present a property for sale, highlighting the best features and creating a welcoming atmosphere that will encourage your buyers to fall in love and make an offer.

Tip: Before the Home Staging takes place, clear out and depersonalize: put away items like old papers, knickknacks, family photos, or large furniture, and hide all valuables.

3. Make sure your open house takes place at an optimal time.

Talk to your real estate agent about the best time of day to hold your open house for the suburb in which you live.

Tip: Be aware of when the sun shines on the best aspects of your property. Morning of your Open House

Your property must be clean and tidy from top to bottom, inside and out.

Empty trash cans, vacuum, mop, and pick up dirty dishes and laundry.

Tip: Don’t forget to remove any litter or pet droppings. Neutralize odors in the house by opening the windows, allowing fresh air to circulate throughout the house instead of using strong scents, such as incense or air fresheners.

Tip: The night before, it is advisable to cook with foods that only emit mild aromas. To make your home seem bigger and brighter, open all the doors and turn on all the lights.

Tip: Bathroom and closet doors should always be kept closed. Buyers feel uncomfortable when the seller is around and are therefore less likely to develop an emotional attachment to the home. To give the buyer the opportunity to imagine their own family living in the home, it is very important that you and your family members (including pets) leave during this time.

Tip: Have a friend inspect your home first, as they’ll look at you with fresh eyes and be able to spot anything you may have missed. By implementing the above recommendations into your selling process, you will ensure that you have the best open house possible.

Real Estate

Secrets to make money: generate income and assets

Are you sick of working for a weekly salary package without accomplishing more than just paying the most pressing bills? It seems that the income we bring home is never enough, and most people, regardless of their regular job income, find it difficult to save for their extra pleasures: a trip abroad, perhaps, a new car, furniture or mortgage payments on a home. Many people are not happy with their lifestyle and would jump at the chance for financial independence. It is a sad fact of life that many tend to live beyond their income, and many household budgets have collapsed under the weight of these additional pressures.

Financial Independence

You are never truly independent if there is someone above you who can dictate how you work. Working for someone else, while it may provide some with a comfortable lifestyle, will rarely give them financial freedom. Building a business without leaving your current job that can give you the opportunity to earn as much money (or more) than your current job pays sets you on the path to financial freedom.

Home Based Online Opportunities

Many people would like to earn some extra money without shelling out hard-earned capital or working long hours at a second job. There are people who want to work from home but do not know what business to start. There’s the stay-at-home mom, especially with children in their formative years, who doesn’t necessarily want to go out to work, but could use some extra income. And, there are those in the unfortunate position of being unemployed or simply not earning enough to save. Some people are frightened by the prospect of starting a business and tend to think that a good job is the only path to security. However, you can never feel absolutely safe when you work for someone else; anyone with a boss can be fired.

Job frustration, the need for independence, or simply the opportunity to make a better living puts people on the path to starting a business. You can start many types of home-based businesses with very little money, but you must provide the desire, persistence, and management. Set your money-making goals to take you from where you are now to where you want to be. Proper planning, as in any business, can make it so and is essential for success. When you have your own business, when you are your own boss, only you control your future security.

Site Build it!

A website can become a very powerful tool that allows a person to start an online business and provide a new way of earning income. SITE BUILD IT! an international provider for the creation, management and promotion of e-commerce websites is one of the best in the world in its field. Their software tools provide everything you need to systematically and professionally build and promote an online business. Includes domain registration help, graphical tools, keyword tools, easy-to-follow site building tools, traffic building and analysis, submissions and search engine optimization, and pay-per-click search for ezine publishing.

world brands

Whether you want to sell one product or hundreds, drop shipping allows you to operate with still zero inventory, gain access to a worldwide inventory of millions of exciting, new and unique products and services in any market niche. Worldwide Brands is one of the most well-known international sites having the world’s largest online database of eCommerce Drop Shipping Wholesalers, Light Bulk Wholesalers, Instant Import Buying, Liquidation Wholesalers and High Volume Wholesalers. everyone. The Worldwide Brands database is updated daily and the tools they offer to search and locate the right businesses for your online opportunities have an easy interface to search and contact them.

Starting an eBay business

WORLDWIDE BRANDS researches profitable eBay marketplaces and quality wholesalers and then passes this information on to its members. They also provide several FREE helpful, learning and start-up tools to get you started EARNING right.

Control of your future security

-You will only accumulate wealth by believing in yourself, having a positive attitude and persevering.

-Understand by learning how to make money work for you.

-lay the foundations of a long-term investment plan that best suits your needs and objectives.

-Don’t waste money on loans you don’t need, like loans to buy a car or a vacation. You are buying something that is not going to generate income.

-Know your net worth. Your net worth is the difference between what you own and what you owe.

-investing in real estate through income-producing properties that can be rented to produce a regular return.

-understand that the real estate market moves in boom and bust cycles.

pay yourself first

The only way to start making a fortune is by saving. You will need discipline and willpower to take the first step towards financial independence. Your goal is to build a short-term fund designed for investment. Try to set up your budget to pay yourself 10-20% of your after-tax income each week to start your investing program. The more you save, the sooner you can start investing. Once you’ve established regular savings, you’ll be surprised how easy it is to borrow money.

Buy the first house

Buying your first home will be the single best long-term investment you’ll ever make. You can’t get the benefit of savings if you’re paying someone else’s rent, so your first investment should be to buy your own home. Your home will, over time, increase in value and you will almost certainly do well on your investment.

Become an owner

More people have become millionaires through real estate and where more fortunes are made than anywhere else. Real estate can give you capital gains, a weekly return, and keep up with inflation.

Refinance your home and get the benefit of the equity that has been building up in your home. Equity is the difference between how much money you owe on the home and the value of the home. It may well make sense for you to borrow against the equity in your home to invest in a second or even third property, for income or capital gains, or both. Your goal will be to generate rental income as well as capital appreciation of the property.

The right real estate investment for you will depend on how much you have to invest and what type of property you want to invest in. Be very selective when buying and remember LOCATION is very important. When purchasing and financing income-producing real estate, it is important that the property be self-sustaining. That is, the rent on the property is enough to cover most of your loan payments.