Donkey God

One of the most distressful financial horrors is bad credit. People who have bad credit generally look to get out of it by engaging the services of an independent business. However, with the innumerable number of similer companies all offering their own array of services, it can become difficult to select the best choice. Moreover, the fact that these agencies make it sound perplexed does not help the matter by a lot. Added to that is the difficulty of obtaining a loan with the existing global economic position; banks now ask for specially high credit ratings prior to granting a loan on positive terms. If you happen to be one of those people whose bad credit has wrecked financial position, then fast credit repair is what you need. Remember, that you do not need to have extensive know-how on fast credit repair. You can get out of that dreaded credit position without necessarily having to use the services of an independant company and pay sky high service charges.

A major source of bad credit is relentless use of credit cards. Avoid using a credit card where it’s not necessary. And if you can, get a monthly limit imposed on your credit card, so you don’t accidentally over-spend. This is one of the strategies used for fast credit repair and will help keep your credit card bills down. Furthermore, shut off any other unnecessary credit accounts. They may not accrue you any significant expenses, their visual existence on your credit statements can hurt your aggregate score. You’ll realize that fast credit repair is not really rocket science!

People usually tend to neglect the simple solutions to fast credit repair. They do not deal with the problem themselves. Rather, they employ costly services. These services are almost identical. They evaluate the credit reports of the person and draw up a decision which is based on their findings. This task is not complicated, rather something that can easily be achieved by the person himself. Thus, people are better off performing the simple tasks themselves, rather than paying expensive fees to get them done by others. Since, at the end of the day, getting yourself out of bad credit is something you must achieve yourself, and not the business you’ve employed the services of.

On Monday, November 25, 2000 Investor’s Business Daily listed on page B1 the Top 25 Growth Mutual Funds for the last 36 months along with their performance for the year 2000 to date. Only four showed a profit this year of 21% and the other three had increases of 12%, 5%, and 5%. Fifteen had loss of from 10% to 28% and the other 6 were down slightly.

In the column next to them there is a list of Top 25 Growth Funds for the past 3 months for the year 2000 to date. Only 2 had increases in price for the year 2000, 4 were even and all the rest are showing losses for the year.

Now pay attention and think about this next sentence. Not one mutual fund appears in both lists.

What is the significance of this? It very simply tells you that buy and hold is NOT the way to make money with mutual funds.

I have been preaching for years to buy only no-load mutual funds and hold them only as long as they are going up. When they stop going up you sell them (paying no commission) and find another fund that is going up as the place to have your money. In this current bear market the latter is hard to find so what do you do? Put your money in a money market account and don’t worry about the market going down and dragging your investment with it. Protect your capital!

Don’t throw up your hands and say I can’t do that because my broker says to “buy and hold - the market always comes back”. It is not his money. It is yours. You must be the one to initiate the action to protect your capital. Brokers are not taught how to do this. I know - I used to own a brokerage company.

Brokers have been smart enough to learn, but taught all the wrong things when it comes to investing money. They claim you can’t “time the market”. WRONG again. They never encourage you to place stop-loss orders so you won’t lose all your money when you buy a new stock or fund and they never encourage you to use a trailing stop to protect the profits you have made.

I know there are people reading this column who have had stocks that have doubled, tripled, even more and now have that same stock that is now selling for less than they bought it.. Where was your broker when all this was happening? If he is so smart why didn’t he tell you to sell at the top? This also applies to mutual funds.

What I am trying to get across is the simple message that you cannot buy and hold. The “secret” every knowledgeable investor knows is to protect his capital first and then to protect his profits second.

Al Thomas’ book, “If It Doesn’t Go Up, Don’t Buy
It!” has helped thousands of people make money
and keep their profits with his simple 2-step
method. Read the first chapter at
http://www.mutualfundmagic.com
and discover why he’s the man that Wall Street
does not want you to know.

Copyright 2005

What has happened to all the renters? Well, Let’s examine what has happen in the last few years in the housing markets.

First of all, interest rates have dropped to all time historical lows. This means that many renters have taken advantage of this and went out and bought a house. The second thing that has happened is that most real estate values throughout the country have gone up a lot in a short period of time. Because of this, many more people have decided to start to invest in rental real estate. More landlords, fewer renters equal a soft rental market.

When the market is soft, you have to be better at finding renters.

It’s the mission of all business to get and keep customers. Well, the business of owning and managing investment real estate isn’t any different. You must have a system and plan in place to find new tenants and keep you old tenants.

Typically owners of small rental property only do one or two things to find tenants. They may run an advertisement in their local newspaper or they may put a sign on the property that says “FOR RENT”. This is fine in a good rental market, but if you want avoid vacancy you have to do more.

Here are five simple ideas to help keep those vacancies filled:

>1. Put together a property feature sheet explaining the features and benefits of your property and distribute it to local real estate offices.

>2. Offer bonuses and incentives to your other residents if the refer anyone to you that rents. As an example: gift certificates for dinner out, tank of gas, microwave, etc.

>3. Use the apartment rental services in your area. They can be found in your phone book and will list your property in their “properties for rent list” that they give to residents.

> 4. Make up some cards that say “Properties For Rent - Houses, Duplexes and Apartments. Call Me” and leave them all over. Put them in the envelope when you pay your bills, leave them at restaurants or post them on bulletin boards at stores. Leave them anywhere, be creative and get the word out.

> 5. Create a waiting list. Keep a list of all callers on any rental that you ever had available. When a new unit comes up for rent, notify the people on your list and see if they might have an interest. If you ever get calls from someone looking for a rental and you don’t have any available now, put them on you waiting list.

Even though the above list is short, it should give you the idea that you need to have many ways to find renters. I’m sure that if you sat down and thought about it you could create a list of 50 -100 ideas. Once you have your list created, you should now test the ideas and see which ones gave you the best results. By doing this process you will fill your vacancies fast and have a constant stream of new tenants wanting to rent from you.

Copyright 2006 David Schneider

Dave Schneider has been investing in real estate for over 25 years and is devoting to helping landlords make more money!. For free audio seminars, tools and information on real estate investing and being a landlord, visit this site now: http://landlordtools.com