Archive for ◊ November, 2009 ◊

• Monday, November 30th, 2009

One of the most powerful personal programming activities you can engage in is positive self-talk. Be your own cheerleader and talk to yourself positively all of the time.

Think About Your Dreams

As it happens, the average person talks to himself in a negative way. As much as 94 percent of your inner dialogue tends to be about the things you fear, your worries, the people you’re angry at, your problems, your concerns and so on. You have to consciously keep your words, your inner dialogue, consistent with what you wish to accomplish.

The Most Powerful Antidote

Psychologists have proven that the words, “I can do it,” are the antidote to the fear of failure that often holds you back from trying. Repeat these words over and over to yourself whenever you feel fearful or doubtful about anything that you want to attempt. Say very enthusiastically to yourself, “I can do it, I can do it, I can do it!” When you start saying, “I can do it, I can do it,” you drive that message deep into your subconscious mind. This message lowers your fears and builds your self-confidence.

Discover how to Achieve ALL of your Goals and live the life you’ve always dreamed of!

If you’re like me, you’ve always wanted to know the secret to unlimited joy, health, money, relationships, love: everything you have ever wanted.

We’ve both seen people who have gotten everything they’ve ever wanted… whether it’s driving expensive cars, traveling the world or having fantastic relationships with their family and friends… the question is… how did they get this life style?

It’s simple… these people have discovered the techniques that allow them to achieve ALL their goals.

I have compiled these techniques into 1 easy-to-follow program that will teach you how to create your goals, program yourself for success, take action now and have everything you have ever wanted.

By applying these techniques now YOU can be the one driving the expensive car, traveling the world and enjoying phenomenal relationships. YOU can be the one to enjoy this life style.

Make A Million!

Another thing you can say to yourself is, “I make a million. I make a million.” Impress that message into your subconscious mind. Whenever you think about your work, say over and over again, “I’m the best, I’m the best, I’m the best.” Making any one of these three statements, or anything that is positive makes you feel good about yourself and causes you to be more motivated. You become more focused, more determined. Wealthy, successful people have a continuous inner dialogue that is positive and constructive and uplifting and consistent with their goals and objectives.

Feed Your Mind Continually

Feed your mind from morning to night with words, pictures, information and ideas consistent with your goals for financial success. Develop the habit of thinking positively and confidently about wealth accumulation. Read stories, books and articles about other successful people. Think about how you could be like them. Visualize yourself, imagine, fantasize, pretend in your mind that you are like the kind of people that you admire and respect and want to be like.

Select A Role Model

Psychologists have proven that role models are essential for magnetizing your mind with the qualities and characteristics that you wish to develop in yourself. Pick a person that you admire. Whenever you face any kind of difficult situation, ask yourself, how would this person act in this situation? What would this person do? How would this person behave? You’ll find that when you think about how someone you admire might behave, your own thinking becomes better and you tend to act at your very best.

Become An Expert

Read everything you can find about your business. Become an expert in your field. The more you learn about your profession, your trade and your craft, the more confident you will become that you can do well in it.

Action Exercises

Here are two things you can do to put yourself on the new mental diet for financial success:

First, repeat to yourself, over and over again, the wonderful words “I can do it! I can do it! I can do it!” Whenever you are anticipating any new goal or opportunity. This affirmation builds your self-confidence and conditions you for success.

Second, monitor your mental diet the way you would your physical diet. Be sure that you feed yourself throughout the day with positive stories, words, pictures and conversations about the things you want to have in your life. Refuse to read, watch, listen to or discuss things that are negative or depressing. This will make a tremendous difference in how you feel and how you act.

Listen to powerful interviews by Raymond Aaron with Brian Tracey and other successful people The Wealth Creator Source

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• Sunday, November 29th, 2009

As a real estate investor there is a lot of free information that is available to you.

All real estate deals are recorded in the official records of the city or county, where the property is located.

These records provide very detailed information the can be used including the following information:
- Previous Owner
- Current Owner
- Current Owner’s address (good be different then the property address)
- Tax Assessment
- Tax folio (number used by tax assessor)
- Price of last transfer
- Legal description of the property
- Assessed value for both improvements and vacant land
- Information on improvements; construction date, square footage of improvements

You can see how this information can be valuable when researching possible deals.

Hans Anderson


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Category: Real Estate Investing  | Tags:  | 9 Comments
• Saturday, November 28th, 2009

In this post Mr. Foreclosure Aiden Win explains the four fundamental factors for making big money in real estate. Another great article by Aiden.

Everything in real estate investing is about having an advantage of
some type. The four types of advantages that are most significant
are:

- Price – how much you have to pay for a property
- Terms – how you pay for the property you buy
- Urgency – the level of motivation to “deal” that exists in the
buyer or seller
- Information
- knowing strategically important information about
an opportunity

(Find Great Deals)

Here are some simple examples of what I mean:

Advantage: Price

The most obvious advantage you can receive in real estate investingis buying a property at a great price. If a piece of land is
legitimately worth $200,000 and you are able to buy it for $50,000
then you’ve clearly got a huge advantage.

Advantage: Terms

When is it a good deal for you to pay $250,000 for a property only
worth $200,000?

You may be tempted to say “never”, but that wouldn’t be correct.
Imagine that I own a home that you know is worth $200,000. But I’m
an “emotional” home owner, and my attachment to the property makes me think it’s worth far more – a whopping $250,000. And I won’t take a single penny less than that.

This puts you in a precarious position, until you come up with this
great idea. You say to me: “John, I’ll pay your price of $250,000
like this: Every month for the next 30 years, I’ll pay you $700
every month. And when you add it up, you’ll see that I’m actually
paying you a total of $252,000, which is $2,000 more than you’re
asking!”

Hmmmmmmm. Why would anyone do such a thing?

It’s simple, really.

Just compare the total cost of your paying me “only” $200,000 by
getting a regular interest-bearing loan at 6% versus the total cost
your paying me the “premium” price of $250,000 at zero interest.
The difference? Paying $250,000 at zero interest would obviously
cost $250,000. But paying $200,000 at (the attractive) rate of 6%
would cost you $431,676 – a whopping difference of $181,676!
(Note: I believe that this advantage is the one that is easiest to
work in your favor, as you’ll soon see…)

Advantage: Urgency

In real estate investing, as in much of the business world, the
party who is able to “walk away” from a deal is usually the party
that will get the best deal. Here’s what I mean:

Imagine a home owner in the unfortunate situation of
pre-foreclosure (this is the period immediately before a lender
repossesses the home from the borrower). This home owner wants – and desperately needs – to do something to improve his situation. The truth is, he’d rather not be facing the problem at all, but his situation demands that he respond, or face some rather serious problems.

And then there’s you: The well-informed investor who knows about the home owner facing the pre-foreclosure situation. You know some things that can help the home owner and help yourself in the process.

Your solutions, while effective and ultimately beneficial
for the home owner, certainly aren’t the home owner’s ideal choices. But the fact is that there is a strong sense of urgency with that home owner. He must do something to improve his situation or else he’ll lose his home, his credit rating and a lot of his dignity in the process.

You, on the other hand, don’t have to do anything. You’re in a
position of strength, because the seller is a “motivated seller”, but you’re not a “motivated buyer”.

Clearly, your objective is to always act from a position of strength.

Advantage: Information

This one is easy to understand. Imagine a person who owns a house in a developing rural area…

…You know something that he doesn’t. You discover (somehow) that Walmart is going to make a bid to buy his land so they can construct a Super-center at the location.

Is this valuable information? You bet it is. And it’s a huge advantage if you know about it, and the home owner doesn’t.

Aiden Win

Mr. Foreclosure

P.S. Get the best of deals available for Price, Terms, Urgency,
Information from our database goldmine of the latest pre-foreclosure listings

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• Friday, November 27th, 2009

In this post Aiden Win tells a story about a friend of his and how this first time house flippers experience wasn’t the most profitable. We can all learn from this experience.

One of the things that I’m always asked by curious
wannabe real estate investors is, “Aren’t you afraid of failure?”.

The answer to this question is yes.

If you have any interest in investing in real estate, it’s
important to keep an open mind and realize that not everyone enjoys great success. Every transaction is a gamble that could pay out great, pay out only marginally and, sometimes, regrettably, not pay out at all.

Even the most successful have experienced their fair share of
failure or investments that didn’t pan out like they had originally
intended.

A good real estate investor refuses to be deterred by the
occasional setback or failure. They learn from their mistakes and
move on. From my experience, what I’ve found is you very rarely
make the same mistake more than once. You learn from the
experience.

I will call my friend John. His actual name is so uncommon that
he’d know I was talking about him. “John” is a bright and hard
worker who felt that he was just trading time for dollars at his
regular job. His first house flipping experience could have been a
lot better.

John was watching “Property Ladder” on the A&E network one day and got the bright idea to flip a house himself. After all, those
people were making money. A complimentary show “Flip This House” confirmed that money could be made, lots of money!

If you haven’t seen Property Ladder, it’s a television show that
features first time home flippers. Usually in that show the
inexperienced flipper, egged on by Kirsten Kemp, makes almost a
year’s salary or more by fixing up an old house and selling it.
Kirsten Kemp is a veteran of flipping houses and is a bit too
pretty to be mistaken for Bob Vila.

John figured that the people featured in these shows are not all
that bright and certainly he could do as well. I mean, have you
watched these shows? You literally want to scream at the
television set at some of the decisions these people make!
Certainly you could do better, right?

With a bit of nervousness John put a 10% down payment on a home that needed repairs and begin the repair process. Or did he?
John pondered what really needed to be fixed and if he needed a
contractor to do it. Two weeks went by.

After getting several bids, John chose a contractor to come in and
totally renovate the property for $11,000. That included paint,
carpet, appliances, and a new wall to turn an open area into
another bedroom.

Once it was agreed, the contractor was to start working. As luck
would have it, the contractor had some unfinished jobs and couldn’t start for another two weeks. John was patient, after all it was going to be a great flip and he was going to make money. It was just another $800 for an extra month, no big deal. Once the
contractor started he stared with a bang. Just like on the show
“Flip this House” a big yellow dumpster was deposited on the lawn
and a crew started ripping out wall paper and junk from the house.
That demolition lasted about two days.

The next thing this “go getter” contractor did was to disappear for
another two weeks. The excuse: Men had quit and another job was
pushing them behind.

To make a long story short, the contract took 8 months to get
nearly complete, and then John pulled the plug and fired the
contractor.

John paid others to come in a finish what was started. He had now
9 months of house payments into the project, 10% down, and
construction costs.

After the house was ready, John listed it with an agent, and it
sat another month. John lowered the price a bit with the prompting of the agent, but got cold feet after two weeks and wanted to raise it again. Too late! The house had a full price offer.Good news, sort of.

All said and done John made a little money and got a whole lot of
experience. It was a flop, but at least he didn’t lose money.

Let’s review what John, now wiser, could have done differently on
his first flip.

1- putting 10% is ok, but not ideal. John should have used
private money or have financed the property at 100%. That money
could have been used for fix up rather than being tied up in the
property.

2- John waited too long to decide what he was going to do. He should have known before he bought the property what his plan was. This would have saved two weeks at least.

3- While John got a referral for the contractor, he should have
gotten more bids. A deadline for the completion of the job, with
penalties, should have been written in the contract.

4- John waited too long to fire the contractor once he knew
there was a problem. He was afraid that he would still owe the full
amount if he terminated the contractor before the work was done. A proper contract would have prevented that fear.

5- John listed with a Realtor too early. The property should
have been for sale by owner from day one and John should have tried to market the property himself.

6- The price was set, and then changed too quickly. Better
marketing would have netted John with a nicer profit. John should
have known the selling price even before buying the property.

A lot of mistakes were made, but John still made a slim profit.

My reason for sharing John’s story is to keep you from possibly
making a few of the mistakes that John – and really, many other
investors – have made at one point or another. All is well that
ends well, but you don’t need to make these same mistakes. Learn
from John.

To Your Success!

Aiden Win

Mr. Foreclosure

Canada’s Largest Database Goldmine Of Pre-Foreclosure Real Estate For Up To 50% Below Market!

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• Thursday, November 26th, 2009

I wish all of you a great Thanksgiving Holiday, be safe.

Hans Anderson

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