“Where there is no vision, the people perish.” –Proverbs 29:18

“A vision is a precise, clearly defined goal with a detailed plan and timetable for achieving that goal.”– Steven K Scott.

Having a vision for your Real Estate Investing Business is very important. Without it we can be directionless on how to proceed.

Three Quick Steps To Overcoming Adversity

Adversity is unavoidable. Everyone is going to experience it in their life. Even the most successful people in the world face adversity. In fact…

Understanding Title Insurance

Title to a property is a record detailing the owners of the property and rights associated with the ownership. Title typically shows a progression of ownership from the first owner to the current one. Title is a fairly simple concept, but when it goes wrong it is a nightmare. That is where title insurance comes in.

Understanding Deeds When Selling a Home

When selling a home, there are a few fundamental topics you need to understand. This brings us to the issue of the different types of deeds you will run into.

Increase Your Home Value With Bathroom Improvements

Many home owners look for ways to add value to their homes through improvements. One of the best ways is to have a go at your bathrooms.

Tips on Decorating Your House to Sell

When potential buyers step into your house, they want to see a clean, neat and attractively decorated house. What they DON’’T want to see is something so overly decorated they can’t imagine their own furniture and possessions in the house. Here are a few tips on keeping a minimalist approach to your home decorating.

If Real Estate Investment Is So Great, Why Doesn’t Everyone Do It?

The Real Estate Investment Version of the Fear Factor.

“Who’s the Boss?” 10 ways to start taking control

“Who’s the Boss?” 10 ways to start taking control

At first glance, it would seem that positive thinking and Attention Deficit Disorder (ADD) have nothing to do with one another. But many of us with ADD develop negative thinking patterns because we become frustrated by our challenges and

How to Use Comparable Sales to Determine the Current Market Value of a Property

Learn about comparable sales and how they can help you assess your property!

Increasing Cash Flow

If you have an income producing property, the amount of money you are left with at the end of your property expenses is considered cash flow.

Here is how it works . . .

Lets suppose you own a duplex and your monthly mortgage payment including taxes and insurance is approximately $1200.00.

Now lets suppose you have a tenant on each floor with a one year lease, and you charge each tenant $850.00 a month to live there. This is a total of $1700.00 paid to you on a monthly basis.

Once you have paid your mortgage of $1200.00, you are left with a balance of $500.00, this would be your monthly cash flow from the income producing property.

If you are looking to increase your monthly cash flow, one of the easiest ways to do it would be to raise the rent. This is by far one of the most effective and common ways of increasing cash flow.

Another way to increase cash flow depending on the amount of equity you have established in a property would be to use some of that investment property’s equity to purchase another income producing property.

Using the same principal of charging more than the amount of your total expenses on the property, you will once again be increasing your cash flow.

Keep in mind, when doing any kind of repairs to the home, including landscaping, make sure you save the receipts to be used as a write off. This to will help to reduce earnings, resulting in cash flow in the way of an annual tax return.