Venture In Real Estate And Be Successful

Millions of baby-boomers are now reaching retirement age. With the recent meltdown in the markets, many may be wondering what they can do to insure the lifestyle and income they once were planning for. In this article, I give you my favorite retirement income strategies.

QUICK SIDENOTE TO NEWBIE INVESTORS: Don’t be afraid to lose leads… they’re only leads if they are willing AND able to do business with us. If, however, you want to take every last call to work on your skills talking to sellers… no problem… that’s perfectly OK… just plan on fixing your screening when you’re ready to focus on deals.

To save money on your an phĂș new city financing you should talk to several mortgage brokers. Each will have their own set of rules about where they can offer discounts to get your business but you’ll have to calculate just how much each one could save you. A smaller up front fee may not be the best bargain if the long term rate it higher.

You will want to know something about the history of the agent you select to list your home. Is that agent familiar with homes in the area? Does that agent have a strong Internet presence such as page one placement? Does the agent do an outstanding job of showcasing his or her listings online? In today’s world, Internet marketing is primary. This means excellent photos of the inside and outside show every room in your home.

To improve your personal finance habits, make your budgets simple as well as personal. Instead of creating general categories, stick closely to your own individual spending habits and weekly expenses. A detailed and specific account will allow you to closely keep track of how and where you spend your income.

Let’s say that you have $100,000 and you get the highest IRA CD rates. After five years, you would have $125,230 and change. If you bought a house with that money and resold it for a modest $10,000 profit, you would have a 10% return on your investment. Already, that’s more than double the rate of return.

With a little research and action on your part, you should have no problem creating the income and lifestyle you planned for in your golden years – even if you are already there!

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