The Real Estate Investor’s Realtor: What Should You Expect?

  

I’m a worried Dad.  My beautiful little girls are growing up too fast.  They’ll be dating soon and I pray they make wise choices.  I certainly don’t want them hanging around the wrong crowd.  So rather than leave this up to chance or divine intervention I decided to start establishing some criteria for them.  Their friends (the male kind) must be able to produce the following before a courtship can begin:

  • A W-2
  • A business plan
  • Profit and loss statement
  • Balance sheet

You may be saying to yourself, how many teenage boys can produce this kind of stuff?  Very few right?  Exactly!  With this criteria in place only the best and brightest will show up at my door on prom night.  My girls will quickly weed out the unmotivated, lazy slackers that have no idea what they want in life.

As a fix and flip real estate investor, I’ve discovered that setting high standards is also important when entering into a relationship with a Realtor.

Now this may come as a surprise but I am a Realtor.  I chose to get licensed in 2007 because I wanted access to the Arizona Regional Multiple Listing Service (ARMLS).  But just because I’m a Realtor doesn’t mean I want to practice real estate.  I’d rather pour hot coffee in my lap than deal directly with a retail buyer or seller.

Realtors have their strengths and weaknesses.  Some work well with buyers, others with sellers.  Some have multiple years of experience, others are just getting started.  None of this matters to me.  Here’s what I really want from my Realtor:

  1. A great deal I couldn’t find on my own.
  2. An honest, thorough assessment of the property’s value.
  3. A ballpark figure for repairs and maintenance.
  4. Prompt offer preparation and submission to the seller.
  5. Proficiency with technology (zipForm, DocuSign, email).

These things are what make my Realtor, J.D. Manning so valuable.  He scours the M


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Help of your credit report

Have you ever been denied a new credit card, car loan? Then you get a free credit report by mail to examine and understand why your credit has been refused. Unluckily, the numerical score that defines the approval process is not found on these free credit reports, leaving confused consumers. You now have a credit report, which contains page 20-30 and it was received one week after the fact-filled verbiage that reads almost as easy as gibberish.

These gratis reports provide a credit position and disbursement history of outstanding lines of credit and other financial obligations, comprising credit cards, accounts, mortgages, car notes. This information is used by credit bureaus to produce your credit on their scale. Creditors mostly use credit scoring himself to approve a debt process, so its important to know and realize what they are looking for that corresponds with the data on the credit report.

Credit reportUnluckily, today your creditworthiness is a very important criterion in everyday life as it is being used with employers to define the credibility of consumers.
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How Credit Card Debt Ruins Your Financial Stability?

Credit cards can be considered as a very powerful and effective financial tool, provided you should know how to use it wisely and safely. If not properly used, it can turn into a financial burden in no time. Debts should be treated with utmost care as it can destroy lives and families. You need to approach these debts with extreme caution as they tend to grow rapidly if left unnoticed. The peculiar nature of credit card debt is that they will only come under the notice of the owner after reaching a big amount.

The first thing to do is to analyze the situation and acknowledge that you are in debt. Then you can go in search for various measures to settle your debt. When it comes to these cards, you should to pay off all of them within a year or two. This goal need to be implanted on your mind and you must work hard to achieve this goal. Shopping can be the main cause of these financial troubles. Majority of the people will go on a shopping spree using their credit cards without realizing its consequences.

In order to reduce the bill, you need to regulate or limit its usage. There are many ways by which you can find relief from high bills.
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Why Compare Savings Rate?

A good financial adviser will tell you to compare savings account offers from multiple banks near you before deciding to open one; this is a very good financial advice to keep in mind. By comparing offers from different banks, you will be able to find the best savings account with the most returns rather easily. There are several reasons why you need to compare savings rate in the process as well, and we are going to discuss some of them in this part.

The return on your savings is highly determined by the interest rate offered by the bank. If you see the bank offering 3% of interest per annum, you are actually looking at 3% of return if you keep your money in the savings account over the course of one year.

Some of you might see returns from savings accounts as too small, but let’s not forget that you also get tons of other benefits from the savings account itself. For example, you can easily withdraw your money anytime you need to; with other investment opportunities such as bonds, you may not have instant access to your savings.

A slight increase in interest rate means a substantial increase in return. T
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Debt Debate: Does the U.S. Have a Spending Problem?

A week to go until Debt Ceiling Armageddon, and the bond market and the Dow Jones industrial average seem to be taking the Washington impasse in stride.  Stocks were down on Monday, but not much. The price of a 10-year government bond, which you would expect to be affected by the debt default, was down slightly, and yields were near historic lows, meaning few are really worried that the U.S. won’t be able to pay back its debt.

Of course, that hasn’t stopped some from saying this is much more than a temporary political stalemate, along the lines of the government shutdown in the 1990s,  and instead a fight over the future health of the U.S. economy.

Arthur Brooks, who is the head of the right-leaning American Enterprise Institute, in an op-ed in the Wall Street Journal on Monday tries to make the case that while the Republicans’ unwillingness to raise the debt ceiling may seem “petty, selfish and tiresome,” it’s really part of a larger “moral” fight against government spending. Brooks says that if government spending is left to the current status quo, the outcome, one way or another, will be disastrous. I’m not so convinced. H


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