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New Career and Financial Freedom – Home Based Business Versus Real Estate Agent

Jul 21

Posted by admin in Real Estate

The Home Based Business

With the change in the economy and the high unemployment rate, many are faced with having to look at new options for work. We can no longer put our eggs in one basket and think that we can stay with the same company for years. Good bye are the days of employment security. Our security lies in ourselves and the ability to create the financial opportunity for our own financial freedom.

The home based business gives us maximum freedom and the ability to be with our families, work the hours we want and to be as creative as our own minds can take us. The home based business can also give the maximum financial freedom, too. Just think, we can spend as much time as we want working from any remote, tropical, luxury or rustic location with internet access. It’s a lifestyle change that most people can only dream of doing because they do not understand how to start a home based business. Taking the first step is always the hardest.

There are two ways of looking at this. The first way is that the economy is so bad that thousands of agents are leaving real estate to start their own home based business. Or they are working what little bit of business is there while working on and developing a business online. That is me. I have been an agent for 12 years and know that I need to diversify for my immediate financial and lifestyle need and my financial future.

So, one could say that it’s a great time to start in real estate because of the massive exodus of agents we are experiencing. RE agents can make a lot of money while being self-employed, but you need to be diligent in getting started.

The other way of looking at this is that many people believe agents make a ton of money and that it’s easy. Well, we can make a great living and hmmm it’s easy when the market is robust. Today, it’s not. If you get your license, choose a broker to work with and follow a plan to get you started like the one I outlined in my article above, then you will have a chance at building your real estate business albeit slowly. Or you can do both the home based business and your real estate at the same time.

Either way, do your due diligence, talk with agents and home based business owners and make a well-informed decision. I would be more than happy to give you pointers from my perspective if you would like it. Just email me.

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Three Reasons Why Real Estate is Still a Great Career

Jun 27

Posted by admin in Real Estate

Recent years have seen the sub-prime mortgage explosion, plummeting home prices, a record number of foreclosures, and agents leaving the profession in droves. And, while all of this is certainly true, it is actually good news for the agents who remain. Don’t believe it? Here are three reasons that real estate is still a great career.

The first reason a career in real estate is still a great move is that many of the speculators and questionable prospects have been flushed out of the market leaving mostly serious and qualified buyers. Almost every agent has stories of working endless hours dragging around questionable clients looking at property they could not afford.

The second reason remaining agents should be grateful they stuck with it is because of the many agents who did not. So many of the agents who have left the profession were only doing a few deals a year anyway and the net result of their leaving is that the agents who remain have a better chance of working enough deals to make a decent living. What this means for the agents who have stayed is more prospects with less competition.

Finally, as the internet has matured and become an integral part of the home shopping experience, many people predicted the end of the real estate agent but this seems far from how things have turned out. While it is true that nearly everyone begins their search for a home online, this is only the first step in a process that culminates with the buyer contacting an agent. And, because these buyers have already seen for themselves what the market looks like, they are much easier to work with.

Contrary to what you may have heard, working as a real estate agent is still a profitable, rewarding, and worthwhile career. And, not only is this so despite the current economy, but also because of it.

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5 Steps To Becoming A Millionaire

Jun 28

Posted by admin in Investing, Wealth Building

In the year 2002, there were 17.1 million Millionaires in the U.S. By 2013, the number of millionaires will triple due to inheritance. For the rest of you, becoming a millionaire is within reach if you apply a 5 step plan involving the following areas:

1. Health
2. Spending
3. Savings
4. Investing
5. Career

Health

Take care of yourself. If your health is no good, you are not going to enjoy the rewards of a solid financial plan. Eat right, exercise daily, and discipline yourself. The most successful investors are those people who have the best discipline to stay with the program.

Spending

It\’s true, a person will always live up to the amount of income they earn. If you make the money, you are apt to find a place to spend it. The key to successfully saving is to spend less than you make and to also spend more money in areas that will actually preserve wealth.

Savings

A disciplined approach to saving reaps rewards in the future. While saving early in your career, allocate a larger percentage of your savings to stocks. A 35 year old with $10,000 and saving $500 a month will become a millionaire by age 56 if the money invested returns 15% per annum. If the investment rate of return falls to 10% per annum, the millionaire age is moved to 63 years old.

Investing

Focus on an investment portfolio that minimizes your fees and maximizes your returns. If you are not sure about the types of investments, consider low cost index funds such as the S

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How To Become A Mortgage Loan Broker

May 13

Posted by admin in Loans

Mortgage loan brokers make a ton of money and most of the ones that I happen to know never work over 35 hours a week anymore. Why would you want to be a mortgage loan broker and how do you become a mortgage loan broker?

The beginning sentence of this article should be enough to spark your curiosity about becoming a mortgage loan broker. There are many more benefit including: very high income level, freedom of being your own boss, an industry that will never die, and the added satisfaction of helping people with one of their most important decision in their lives.

So, how do you become a mortgage loan broker and get all these benefits. I recommend first starting with some basic online training. This will allow you to move at your own pace and learn the industry while working at your current job. There are plenty of courses that can help you learn about this industry.

I also recommend reading up on the real estate industry. This will help you have a better understanding of what you are getting into. You will also have to check with your state about licensing and start contacting actual lenders. You will need the lenders so that you can actually take care of your customers.

You will also need to get in contact with some telemarketing firms and advertising firms to set up different options for your advertising. I prefer direct mail marketing myself. It is proven and allows the customer to contact you with a true interest in your product.

There are a few more steps including setting up accounts with the lenders, finding an office space to work out of, hiring loan officers ( if you decide to), and getting the basics of your business set up.

The mortgage brokering field is a very lucrative one and is not very expensive to get started in. The most important thing is to know and learn the products the lenders offer for you to sell. This will make it easier for you to recommend the right product for your customer?s situation and sell them on a good deal.

Take the first step to becoming a mortgage broker today. Get the online training you need by following the link below.

http://www.ready-repair-my-credit.com/loanmortgage.htm

Writen By : Ben Ehinger

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