ABC’s of Real Estate Investing

We may all know what it takes to be successful in the real estate investing world and to build a low maintenance business that offers numerous passive income streams? but sometimes we need a little extra push in the right direction. I hope the ABC?s of Real Estate Investing gives you the push you need. Here?s a list of ?Action items? to help you in achieving your real estate investing goals!

A is for Apply what you learn

This is the fork in the road where either you choose success or failure. 98% of students spend tons of money investing in their education but never actually apply what they learn. Make sure you are a 2%er!

B is for Believe

The path to success starts with believing in yourself. If you don?t believe you can do something you won?t. Believe in yourself!

C is for Carefree

When things go wrong, do what you need to do to get them fixed, but don’t let your business problems leak into your personal life. Relax, everyone makes mistakes and things do occasionally go wrong in this world! Be a smart investor, but have a Carefree attitude!

D is for Diversify

Never rely on having one sole method or revenue stream! Things can change without notice and its always smart to diversify so that you have a backup!

E is for Education

Your education in this business is your foundation to success! I always say if you?re not growing, you?re dying. So continue to learn and grow! Your business will prosper because of it!

F is for Focus

Finish what you start. It?s easy to get distracted by the ?latest and greatest? program or method. Instead, choose and focus on one system and stick with it until you?re making a nice profit and then look at diversifying.

G is for Goals

Set them, review them and take pride in accomplishing them! Challenge yourself, but be realistic when setting your goals!

H is for Helpfulness

The golden rule is an oldie buy goodie! By helping others the favors will be returned. Share your experiences and be willing to listen to and learn from others. Helpfulness and sharing knowledge will speed up your success!

I is for Information

You cannot underestimate the power of solid and accurate information!

J is for Joint Ventures

You don’t always have to go it alone. Align yourself with others to do deals you may not be able to do on your own. Joint ventures allow you to draw on each others strengths and increase your power by working together. Joint ventures should be a win/win for all parties involved.

K is for K arma

Simply put? What comes around, goes around. If you always try to do good to others, it will indeed come back to you I some way, shape or fashion.

L is for L isten

Listen more than you talk. The learning process is never over. It is a continuous thing. You can learn a tremendous amount just by keeping your ears open sometimes!

M is for Make Offers

This is the key to your success and the lifeline of your business! You?ll never learn how to swim if you don?t jump into the water. Make offers. What an owner is asking for a property is not always what they are willing to accept.

N is for N etwork

Keep in contact with other real estate investors and people in the business. You?ll learn that many of these people will be a valuable resource to you at some point in the future. The real estate investing community is a very small one, believe it or not!

O is for Outsource

Learn to outsource or delegate tasks to others. You need to concentrate on the money-making activities and marketing of your business. Get others to take care of the other details. It will save your sanity and help you make more money quicker.

P is for Profits

Never give up. The profits you can generate in this business on one deal alone are worth every ounce of hard work! Wait until that first big paycheck-you will see what I mean!

Q is for Quit for the Day

Don’t work all day, every day. Set your hours you plan to work, stick to them and then quit for the day when the time comes. You’ll be more focused during the time you are working and you’ll enjoy your “off” time more too.

R is for Research

Do your homework! Research is critical to making sound financial decisions.

S is for Spend Money to Make

Money
It’s no lie, spending money to make money is much easier than trying to build a business on the cheap. Make wise investments in your business and the profits will come.

T is for Take Action!

I can?t say it enough-Just do it! There will never be a ?perfect? time or date to get started in this business! There is money to be made if you take action. You are missing out every day you put it off!

U is for Understand Your Markets

In order to succeed in any real estate market regardless of what phase of the economic cycle we are in, you must do your homework, due diligence and research. There is a reason all of the investors are spending their money and buying up properties as quick as they can in ?certain cites? at ?certain times?

V is for Value

Provide value to your customers. This doesn’t mean undercutting your competitors by offering the lowest price, because it’s tough to be profitable that way. Go the extra mile with customer service.

W is for Win Win Situation

This is one of the most valuable assets you have in your tool belt; knowing how to create win win situations in the deals that you do. If you can structure deals that make everyone money, you are not only making a profit, but setting the ground work for future deals.

X is for X-It Strategy

You want to make sure that your business can continue to run when you’re away… or that you could easily sell your business should you need to get out all together. The more organized and systematized your business is, the easier It is to do this. Plan your X ?it strategy now, so you’re ready when the time comes.

Y is for Yawn

If you’re tired and unproductive, walk away from the computer or phone for a bit. Adequate rest is important!

Z is for Zeal

Find something you love. Without enthusiasm, it can be tough to run a business and keep it going. Choose a niche in real estate that you love and will do with zeal!

To your success!

Real Estate Investing: Tax Liens

Certain measures have to be taken by the government to make delinquent taxpayers to pay taxes that are due, tax lien is one such method adopted in 18 states, where as the rest of the states use the tax deed system. In states where applicable, tax liens are sold to investors for taxes that are over due, and the investor can collect interest from the homeowners for the amount invested in the tax liens. If the homeowner fails to pay the tax lien plus interest, the investor may foreclose on the house and gets to own the property without any problems, as it is a first priority claim.

Advantages of Investing In Tax Liens:

This method of investing in real estate is gaining popularity as investors are guaranteed a favorable return on their investment or in extreme cases deeded rights to a property. The earning potential is about 16% to 24% and it is considered a low risk and a low maintenance investment. These interest rates are untouched by any changes in the Federal Reserve interest rates. Another reason why investors love this method is that they lien does not subject them to land owner liability. Tax liens are secure investments as they are but a fraction of the property value.

When property tax delinquents are given adequate time as well as warnings to pay the arrears, and they fail to do so for more than a year and a half, the tax collectors will list their property taxes liens and sell them in an auction. The property owner is informed of the intended sale of their tax lien as well as published in the local newspaper. Once the tax lien is sold, the homeowner is given a fixed time frame, the redemption period, to repay the tax lien plus interest. Foreclosure of the home is inevitable if the amount due is not paid within the redemption period. The investor is granted full rights of ownership to the property and in case the money owed is repaid while foreclosure is initiated; the investor has the right to charge the cost of he foreclosure to the homeowner too. Thus they have potential to huge profits. If foreclosure occurs the property is given free and clear of all other claims to the investor. Another advantage is that the investor need not worry about redemption as the county is in charge of that and usually they need have no contact with the delinquent taxpayer. If the redemption has been paid to the county, the county returns the principle amount plus the interest to the investor on producing the tax lien certificates. Should the same homeowner is delinquent again the investor has a priority claim on the tax lien.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

Real Estate Investing: Tax Liens

Certain measures have to be taken by the government to make delinquent taxpayers to pay taxes that are due, tax lien is one such method adopted in 18 states, where as the rest of the states use the tax deed system. In states where applicable, tax liens are sold to investors for taxes that are over due, and the investor can collect interest from the homeowners for the amount invested in the tax liens. If the homeowner fails to pay the tax lien plus interest, the investor may foreclose on the house and gets to own the property without any problems, as it is a first priority claim.

Advantages of Investing In Tax Liens:

This method of investing in real estate is gaining popularity as investors are guaranteed a favorable return on their investment or in extreme cases deeded rights to a property. The earning potential is about 16% to 24% and it is considered a low risk and a low maintenance investment. These interest rates are untouched by any changes in the Federal Reserve interest rates. Another reason why investors love this method is that they lien does not subject them to land owner liability. Tax liens are secure investments as they are but a fraction of the property value.

When property tax delinquents are given adequate time as well as warnings to pay the arrears, and they fail to do so for more than a year and a half, the tax collectors will list their property taxes liens and sell them in an auction. The property owner is informed of the intended sale of their tax lien as well as published in the local newspaper. Once the tax lien is sold, the homeowner is given a fixed time frame, the redemption period, to repay the tax lien plus interest. Foreclosure of the home is inevitable if the amount due is not paid within the redemption period. The investor is granted full rights of ownership to the property and in case the money owed is repaid while foreclosure is initiated; the investor has the right to charge the cost of he foreclosure to the homeowner too. Thus they have potential to huge profits. If foreclosure occurs the property is given free and clear of all other claims to the investor. Another advantage is that the investor need not worry about redemption as the county is in charge of that and usually they need have no contact with the delinquent taxpayer. If the redemption has been paid to the county, the county returns the principle amount plus the interest to the investor on producing the tax lien certificates. Should the same homeowner is delinquent again the investor has a priority claim on the tax lien.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

Real Estate Investing: Tax Liens

Certain measures have to be taken by the government to make delinquent taxpayers to pay taxes that are due, tax lien is one such method adopted in 18 states, where as the rest of the states use the tax deed system. In states where applicable, tax liens are sold to investors for taxes that are over due, and the investor can collect interest from the homeowners for the amount invested in the tax liens. If the homeowner fails to pay the tax lien plus interest, the investor may foreclose on the house and gets to own the property without any problems, as it is a first priority claim.

Advantages of Investing In Tax Liens:

This method of investing in real estate is gaining popularity as investors are guaranteed a favorable return on their investment or in extreme cases deeded rights to a property. The earning potential is about 16% to 24% and it is considered a low risk and a low maintenance investment. These interest rates are untouched by any changes in the Federal Reserve interest rates. Another reason why investors love this method is that they lien does not subject them to land owner liability. Tax liens are secure investments as they are but a fraction of the property value.

When property tax delinquents are given adequate time as well as warnings to pay the arrears, and they fail to do so for more than a year and a half, the tax collectors will list their property taxes liens and sell them in an auction. The property owner is informed of the intended sale of their tax lien as well as published in the local newspaper. Once the tax lien is sold, the homeowner is given a fixed time frame, the redemption period, to repay the tax lien plus interest. Foreclosure of the home is inevitable if the amount due is not paid within the redemption period. The investor is granted full rights of ownership to the property and in case the money owed is repaid while foreclosure is initiated; the investor has the right to charge the cost of he foreclosure to the homeowner too. Thus they have potential to huge profits. If foreclosure occurs the property is given free and clear of all other claims to the investor. Another advantage is that the investor need not worry about redemption as the county is in charge of that and usually they need have no contact with the delinquent taxpayer. If the redemption has been paid to the county, the county returns the principle amount plus the interest to the investor on producing the tax lien certificates. Should the same homeowner is delinquent again the investor has a priority claim on the tax lien.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

Real Estate Investing: Tax Liens

Certain measures have to be taken by the government to make delinquent taxpayers to pay taxes that are due, tax lien is one such method adopted in 18 states, where as the rest of the states use the tax deed system. In states where applicable, tax liens are sold to investors for taxes that are over due, and the investor can collect interest from the homeowners for the amount invested in the tax liens. If the homeowner fails to pay the tax lien plus interest, the investor may foreclose on the house and gets to own the property without any problems, as it is a first priority claim.

Advantages of Investing In Tax Liens:

This method of investing in real estate is gaining popularity as investors are guaranteed a favorable return on their investment or in extreme cases deeded rights to a property. The earning potential is about 16% to 24% and it is considered a low risk and a low maintenance investment. These interest rates are untouched by any changes in the Federal Reserve interest rates. Another reason why investors love this method is that they lien does not subject them to land owner liability. Tax liens are secure investments as they are but a fraction of the property value.

When property tax delinquents are given adequate time as well as warnings to pay the arrears, and they fail to do so for more than a year and a half, the tax collectors will list their property taxes liens and sell them in an auction. The property owner is informed of the intended sale of their tax lien as well as published in the local newspaper. Once the tax lien is sold, the homeowner is given a fixed time frame, the redemption period, to repay the tax lien plus interest. Foreclosure of the home is inevitable if the amount due is not paid within the redemption period. The investor is granted full rights of ownership to the property and in case the money owed is repaid while foreclosure is initiated; the investor has the right to charge the cost of he foreclosure to the homeowner too. Thus they have potential to huge profits. If foreclosure occurs the property is given free and clear of all other claims to the investor. Another advantage is that the investor need not worry about redemption as the county is in charge of that and usually they need have no contact with the delinquent taxpayer. If the redemption has been paid to the county, the county returns the principle amount plus the interest to the investor on producing the tax lien certificates. Should the same homeowner is delinquent again the investor has a priority claim on the tax lien.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

ABC’s of Real Estate Investing

We may all know what it takes to be successful in the real estate investing world and to build a low maintenance business that offers numerous passive income streams? but sometimes we need a little extra push in the right direction. I hope the ABC?s of Real Estate Investing gives you the push you need. Here?s a list of ?Action items? to help you in achieving your real estate investing goals!

A is for Apply what you learn

This is the fork in the road where either you choose success or failure. 98% of students spend tons of money investing in their education but never actually apply what they learn. Make sure you are a 2%er!

B is for Believe

The path to success starts with believing in yourself. If you don?t believe you can do something you won?t. Believe in yourself!

C is for Carefree

When things go wrong, do what you need to do to get them fixed, but don’t let your business problems leak into your personal life. Relax, everyone makes mistakes and things do occasionally go wrong in this world! Be a smart investor, but have a Carefree attitude!

D is for Diversify

Never rely on having one sole method or revenue stream! Things can change without notice and its always smart to diversify so that you have a backup!

E is for Education

Your education in this business is your foundation to success! I always say if you?re not growing, you?re dying. So continue to learn and grow! Your business will prosper because of it!

F is for Focus

Finish what you start. It?s easy to get distracted by the ?latest and greatest? program or method. Instead, choose and focus on one system and stick with it until you?re making a nice profit and then look at diversifying.

G is for Goals

Set them, review them and take pride in accomplishing them! Challenge yourself, but be realistic when setting your goals!

H is for Helpfulness

The golden rule is an oldie buy goodie! By helping others the favors will be returned. Share your experiences and be willing to listen to and learn from others. Helpfulness and sharing knowledge will speed up your success!

I is for Information

You cannot underestimate the power of solid and accurate information!

J is for Joint Ventures

You don’t always have to go it alone. Align yourself with others to do deals you may not be able to do on your own. Joint ventures allow you to draw on each others strengths and increase your power by working together. Joint ventures should be a win/win for all parties involved.

K is for K arma

Simply put? What comes around, goes around. If you always try to do good to others, it will indeed come back to you I some way, shape or fashion.

L is for L isten

Listen more than you talk. The learning process is never over. It is a continuous thing. You can learn a tremendous amount just by keeping your ears open sometimes!

M is for Make Offers

This is the key to your success and the lifeline of your business! You?ll never learn how to swim if you don?t jump into the water. Make offers. What an owner is asking for a property is not always what they are willing to accept.

N is for N etwork

Keep in contact with other real estate investors and people in the business. You?ll learn that many of these people will be a valuable resource to you at some point in the future. The real estate investing community is a very small one, believe it or not!

O is for Outsource

Learn to outsource or delegate tasks to others. You need to concentrate on the money-making activities and marketing of your business. Get others to take care of the other details. It will save your sanity and help you make more money quicker.

P is for Profits

Never give up. The profits you can generate in this business on one deal alone are worth every ounce of hard work! Wait until that first big paycheck-you will see what I mean!

Q is for Quit for the Day

Don’t work all day, every day. Set your hours you plan to work, stick to them and then quit for the day when the time comes. You’ll be more focused during the time you are working and you’ll enjoy your “off” time more too.

R is for Research

Do your homework! Research is critical to making sound financial decisions.

S is for Spend Money to Make

Money
It’s no lie, spending money to make money is much easier than trying to build a business on the cheap. Make wise investments in your business and the profits will come.

T is for Take Action!

I can?t say it enough-Just do it! There will never be a ?perfect? time or date to get started in this business! There is money to be made if you take action. You are missing out every day you put it off!

U is for Understand Your Markets

In order to succeed in any real estate market regardless of what phase of the economic cycle we are in, you must do your homework, due diligence and research. There is a reason all of the investors are spending their money and buying up properties as quick as they can in ?certain cites? at ?certain times?

V is for Value

Provide value to your customers. This doesn’t mean undercutting your competitors by offering the lowest price, because it’s tough to be profitable that way. Go the extra mile with customer service.

W is for Win Win Situation

This is one of the most valuable assets you have in your tool belt; knowing how to create win win situations in the deals that you do. If you can structure deals that make everyone money, you are not only making a profit, but setting the ground work for future deals.

X is for X-It Strategy

You want to make sure that your business can continue to run when you’re away… or that you could easily sell your business should you need to get out all together. The more organized and systematized your business is, the easier It is to do this. Plan your X ?it strategy now, so you’re ready when the time comes.

Y is for Yawn

If you’re tired and unproductive, walk away from the computer or phone for a bit. Adequate rest is important!

Z is for Zeal

Find something you love. Without enthusiasm, it can be tough to run a business and keep it going. Choose a niche in real estate that you love and will do with zeal!

To your success!

Real Estate Investing: Tax Liens

Certain measures have to be taken by the government to make delinquent taxpayers to pay taxes that are due, tax lien is one such method adopted in 18 states, where as the rest of the states use the tax deed system. In states where applicable, tax liens are sold to investors for taxes that are over due, and the investor can collect interest from the homeowners for the amount invested in the tax liens. If the homeowner fails to pay the tax lien plus interest, the investor may foreclose on the house and gets to own the property without any problems, as it is a first priority claim.

Advantages of Investing In Tax Liens:

This method of investing in real estate is gaining popularity as investors are guaranteed a favorable return on their investment or in extreme cases deeded rights to a property. The earning potential is about 16% to 24% and it is considered a low risk and a low maintenance investment. These interest rates are untouched by any changes in the Federal Reserve interest rates. Another reason why investors love this method is that they lien does not subject them to land owner liability. Tax liens are secure investments as they are but a fraction of the property value.

When property tax delinquents are given adequate time as well as warnings to pay the arrears, and they fail to do so for more than a year and a half, the tax collectors will list their property taxes liens and sell them in an auction. The property owner is informed of the intended sale of their tax lien as well as published in the local newspaper. Once the tax lien is sold, the homeowner is given a fixed time frame, the redemption period, to repay the tax lien plus interest. Foreclosure of the home is inevitable if the amount due is not paid within the redemption period. The investor is granted full rights of ownership to the property and in case the money owed is repaid while foreclosure is initiated; the investor has the right to charge the cost of he foreclosure to the homeowner too. Thus they have potential to huge profits. If foreclosure occurs the property is given free and clear of all other claims to the investor. Another advantage is that the investor need not worry about redemption as the county is in charge of that and usually they need have no contact with the delinquent taxpayer. If the redemption has been paid to the county, the county returns the principle amount plus the interest to the investor on producing the tax lien certificates. Should the same homeowner is delinquent again the investor has a priority claim on the tax lien.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

ABC’s of Real Estate Investing

We may all know what it takes to be successful in the real estate investing world and to build a low maintenance business that offers numerous passive income streams? but sometimes we need a little extra push in the right direction. I hope the ABC?s of Real Estate Investing gives you the push you need. Here?s a list of ?Action items? to help you in achieving your real estate investing goals!

A is for Apply what you learn

This is the fork in the road where either you choose success or failure. 98% of students spend tons of money investing in their education but never actually apply what they learn. Make sure you are a 2%er!

B is for Believe

The path to success starts with believing in yourself. If you don?t believe you can do something you won?t. Believe in yourself!

C is for Carefree

When things go wrong, do what you need to do to get them fixed, but don’t let your business problems leak into your personal life. Relax, everyone makes mistakes and things do occasionally go wrong in this world! Be a smart investor, but have a Carefree attitude!

D is for Diversify

Never rely on having one sole method or revenue stream! Things can change without notice and its always smart to diversify so that you have a backup!

E is for Education

Your education in this business is your foundation to success! I always say if you?re not growing, you?re dying. So continue to learn and grow! Your business will prosper because of it!

F is for Focus

Finish what you start. It?s easy to get distracted by the ?latest and greatest? program or method. Instead, choose and focus on one system and stick with it until you?re making a nice profit and then look at diversifying.

G is for Goals

Set them, review them and take pride in accomplishing them! Challenge yourself, but be realistic when setting your goals!

H is for Helpfulness

The golden rule is an oldie buy goodie! By helping others the favors will be returned. Share your experiences and be willing to listen to and learn from others. Helpfulness and sharing knowledge will speed up your success!

I is for Information

You cannot underestimate the power of solid and accurate information!

J is for Joint Ventures

You don’t always have to go it alone. Align yourself with others to do deals you may not be able to do on your own. Joint ventures allow you to draw on each others strengths and increase your power by working together. Joint ventures should be a win/win for all parties involved.

K is for K arma

Simply put? What comes around, goes around. If you always try to do good to others, it will indeed come back to you I some way, shape or fashion.

L is for L isten

Listen more than you talk. The learning process is never over. It is a continuous thing. You can learn a tremendous amount just by keeping your ears open sometimes!

M is for Make Offers

This is the key to your success and the lifeline of your business! You?ll never learn how to swim if you don?t jump into the water. Make offers. What an owner is asking for a property is not always what they are willing to accept.

N is for N etwork

Keep in contact with other real estate investors and people in the business. You?ll learn that many of these people will be a valuable resource to you at some point in the future. The real estate investing community is a very small one, believe it or not!

O is for Outsource

Learn to outsource or delegate tasks to others. You need to concentrate on the money-making activities and marketing of your business. Get others to take care of the other details. It will save your sanity and help you make more money quicker.

P is for Profits

Never give up. The profits you can generate in this business on one deal alone are worth every ounce of hard work! Wait until that first big paycheck-you will see what I mean!

Q is for Quit for the Day

Don’t work all day, every day. Set your hours you plan to work, stick to them and then quit for the day when the time comes. You’ll be more focused during the time you are working and you’ll enjoy your “off” time more too.

R is for Research

Do your homework! Research is critical to making sound financial decisions.

S is for Spend Money to Make

Money
It’s no lie, spending money to make money is much easier than trying to build a business on the cheap. Make wise investments in your business and the profits will come.

T is for Take Action!

I can?t say it enough-Just do it! There will never be a ?perfect? time or date to get started in this business! There is money to be made if you take action. You are missing out every day you put it off!

U is for Understand Your Markets

In order to succeed in any real estate market regardless of what phase of the economic cycle we are in, you must do your homework, due diligence and research. There is a reason all of the investors are spending their money and buying up properties as quick as they can in ?certain cites? at ?certain times?

V is for Value

Provide value to your customers. This doesn’t mean undercutting your competitors by offering the lowest price, because it’s tough to be profitable that way. Go the extra mile with customer service.

W is for Win Win Situation

This is one of the most valuable assets you have in your tool belt; knowing how to create win win situations in the deals that you do. If you can structure deals that make everyone money, you are not only making a profit, but setting the ground work for future deals.

X is for X-It Strategy

You want to make sure that your business can continue to run when you’re away… or that you could easily sell your business should you need to get out all together. The more organized and systematized your business is, the easier It is to do this. Plan your X ?it strategy now, so you’re ready when the time comes.

Y is for Yawn

If you’re tired and unproductive, walk away from the computer or phone for a bit. Adequate rest is important!

Z is for Zeal

Find something you love. Without enthusiasm, it can be tough to run a business and keep it going. Choose a niche in real estate that you love and will do with zeal!

To your success!

Real Estate Investing: Tax Liens

Certain measures have to be taken by the government to make delinquent taxpayers to pay taxes that are due, tax lien is one such method adopted in 18 states, where as the rest of the states use the tax deed system. In states where applicable, tax liens are sold to investors for taxes that are over due, and the investor can collect interest from the homeowners for the amount invested in the tax liens. If the homeowner fails to pay the tax lien plus interest, the investor may foreclose on the house and gets to own the property without any problems, as it is a first priority claim.

Advantages of Investing In Tax Liens:

This method of investing in real estate is gaining popularity as investors are guaranteed a favorable return on their investment or in extreme cases deeded rights to a property. The earning potential is about 16% to 24% and it is considered a low risk and a low maintenance investment. These interest rates are untouched by any changes in the Federal Reserve interest rates. Another reason why investors love this method is that they lien does not subject them to land owner liability. Tax liens are secure investments as they are but a fraction of the property value.

When property tax delinquents are given adequate time as well as warnings to pay the arrears, and they fail to do so for more than a year and a half, the tax collectors will list their property taxes liens and sell them in an auction. The property owner is informed of the intended sale of their tax lien as well as published in the local newspaper. Once the tax lien is sold, the homeowner is given a fixed time frame, the redemption period, to repay the tax lien plus interest. Foreclosure of the home is inevitable if the amount due is not paid within the redemption period. The investor is granted full rights of ownership to the property and in case the money owed is repaid while foreclosure is initiated; the investor has the right to charge the cost of he foreclosure to the homeowner too. Thus they have potential to huge profits. If foreclosure occurs the property is given free and clear of all other claims to the investor. Another advantage is that the investor need not worry about redemption as the county is in charge of that and usually they need have no contact with the delinquent taxpayer. If the redemption has been paid to the county, the county returns the principle amount plus the interest to the investor on producing the tax lien certificates. Should the same homeowner is delinquent again the investor has a priority claim on the tax lien.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

ABC’s of Real Estate Investing

We may all know what it takes to be successful in the real estate investing world and to build a low maintenance business that offers numerous passive income streams? but sometimes we need a little extra push in the right direction. I hope the ABC?s of Real Estate Investing gives you the push you need. Here?s a list of ?Action items? to help you in achieving your real estate investing goals!

A is for Apply what you learn

This is the fork in the road where either you choose success or failure. 98% of students spend tons of money investing in their education but never actually apply what they learn. Make sure you are a 2%er!

B is for Believe

The path to success starts with believing in yourself. If you don?t believe you can do something you won?t. Believe in yourself!

C is for Carefree

When things go wrong, do what you need to do to get them fixed, but don’t let your business problems leak into your personal life. Relax, everyone makes mistakes and things do occasionally go wrong in this world! Be a smart investor, but have a Carefree attitude!

D is for Diversify

Never rely on having one sole method or revenue stream! Things can change without notice and its always smart to diversify so that you have a backup!

E is for Education

Your education in this business is your foundation to success! I always say if you?re not growing, you?re dying. So continue to learn and grow! Your business will prosper because of it!

F is for Focus

Finish what you start. It?s easy to get distracted by the ?latest and greatest? program or method. Instead, choose and focus on one system and stick with it until you?re making a nice profit and then look at diversifying.

G is for Goals

Set them, review them and take pride in accomplishing them! Challenge yourself, but be realistic when setting your goals!

H is for Helpfulness

The golden rule is an oldie buy goodie! By helping others the favors will be returned. Share your experiences and be willing to listen to and learn from others. Helpfulness and sharing knowledge will speed up your success!

I is for Information

You cannot underestimate the power of solid and accurate information!

J is for Joint Ventures

You don’t always have to go it alone. Align yourself with others to do deals you may not be able to do on your own. Joint ventures allow you to draw on each others strengths and increase your power by working together. Joint ventures should be a win/win for all parties involved.

K is for K arma

Simply put? What comes around, goes around. If you always try to do good to others, it will indeed come back to you I some way, shape or fashion.

L is for L isten

Listen more than you talk. The learning process is never over. It is a continuous thing. You can learn a tremendous amount just by keeping your ears open sometimes!

M is for Make Offers

This is the key to your success and the lifeline of your business! You?ll never learn how to swim if you don?t jump into the water. Make offers. What an owner is asking for a property is not always what they are willing to accept.

N is for N etwork

Keep in contact with other real estate investors and people in the business. You?ll learn that many of these people will be a valuable resource to you at some point in the future. The real estate investing community is a very small one, believe it or not!

O is for Outsource

Learn to outsource or delegate tasks to others. You need to concentrate on the money-making activities and marketing of your business. Get others to take care of the other details. It will save your sanity and help you make more money quicker.

P is for Profits

Never give up. The profits you can generate in this business on one deal alone are worth every ounce of hard work! Wait until that first big paycheck-you will see what I mean!

Q is for Quit for the Day

Don’t work all day, every day. Set your hours you plan to work, stick to them and then quit for the day when the time comes. You’ll be more focused during the time you are working and you’ll enjoy your “off” time more too.

R is for Research

Do your homework! Research is critical to making sound financial decisions.

S is for Spend Money to Make

Money
It’s no lie, spending money to make money is much easier than trying to build a business on the cheap. Make wise investments in your business and the profits will come.

T is for Take Action!

I can?t say it enough-Just do it! There will never be a ?perfect? time or date to get started in this business! There is money to be made if you take action. You are missing out every day you put it off!

U is for Understand Your Markets

In order to succeed in any real estate market regardless of what phase of the economic cycle we are in, you must do your homework, due diligence and research. There is a reason all of the investors are spending their money and buying up properties as quick as they can in ?certain cites? at ?certain times?

V is for Value

Provide value to your customers. This doesn’t mean undercutting your competitors by offering the lowest price, because it’s tough to be profitable that way. Go the extra mile with customer service.

W is for Win Win Situation

This is one of the most valuable assets you have in your tool belt; knowing how to create win win situations in the deals that you do. If you can structure deals that make everyone money, you are not only making a profit, but setting the ground work for future deals.

X is for X-It Strategy

You want to make sure that your business can continue to run when you’re away… or that you could easily sell your business should you need to get out all together. The more organized and systematized your business is, the easier It is to do this. Plan your X ?it strategy now, so you’re ready when the time comes.

Y is for Yawn

If you’re tired and unproductive, walk away from the computer or phone for a bit. Adequate rest is important!

Z is for Zeal

Find something you love. Without enthusiasm, it can be tough to run a business and keep it going. Choose a niche in real estate that you love and will do with zeal!

To your success!