Posts Tagged ‘entrepreneurs’
Sunday, November 20th, 2011
Three good books on real estate are some of the most common ones but for unrelated, various reasons. Most books on real estate only give anecdotal information and, with the laws varying from state to state, can be difficult to apply to your career.
What I decided to do was to grab a few of these books, both hard cover and also on audio book. I picked up one from Gary Keller (of Keller Williams) Donald Trump & Dean Graziosi. I enjoyed them all but for different reasons.
First off, Gary Keller offers the most practical approach to any real estate agent getting started. He’s one of the most popular real estate agents on the planet and has, in my opinion, one of the most successful brokerages in the US. All the information he provided in his book was applicable to me when I was getting started. His book is really for someone that maybe is a part of a small mom and pop office where there isn’t much training. After one get’s their RE license then few offices offer ongoing training. For the most part, you will have to go to your local board or MLS to obtain any relevant on going training. However, Gary’s books are good and, like I said, give you valuable insight for getting started. I recommend his “The Millionare Real Estate Agent: It’s not about the money…it’s about being the best you can be!”
My next two favorites are Donald Trump and Dean Graziosi. Now, these are two polarzing individuals. Either you love them or you hate them. I happen to like them both.
For The Donald, I recommend “Trump Strategies For Real Estate”. Now, if you are in a small market you won’t find any real applicable strategies as most of the insight is from DT’s experiences in NYC. The one thing that does irritate me about his books is that, from what I can tell, he doesn’t put pen to paper and write the book. He co-writes with another author that he trusts. Now, nothing wrong with that but I want to hear the author talking to me. There was some valuable information in the book that I read and the insight gained from made me think in ways I had never thought of before. The way he structured and negotiated some of those deals is mind boggling. A very interesting read for sure.
Now, Dean is an interesting cat. If you look him up on line that guy is selling everything from cars to real estate. I like that he has a history selling informational products. One interesting thing I learned from him was that he shared with me how to buy tax liens. A very interesting concept and one that is easy to implement. Well worth reading.
All in all, none of these books gave a step by step process to getting started as a real estate agent and, honestly, I don’t believe any book on the market will give you those tips and tricks encompassed in one book. However, I have found that they are practical in the advice offered. If I had to pick the best of the three I would recommened Gary’s books as a first read. You really can’t go wrong. Especially for the agent that is looking to brush up on some fresh concepts or the new agent looking to get started. The Donald and Dean are good for the real estate investor looking for additional strategies. I enjoyed those for different reasons that I applied to my real estate investing career.
Looking to find the best insight on getting started as a real estate agent, then visit www.gettingstartedasarealestateagent.com to find advice on best books on real estate, realtor apps, outsourcing and more.
Tags: book reviews, entrepreneurs, ethics, finance, home based business, insurance, investing, leasing, lending, loans, mortgage, property insurance, public relations, real estate, sales Posted in property insurance | No Comments »
Monday, November 14th, 2011
Why New Real Estate Agents Should Use Real Estate Marketing Letters
Answer me this; When you started in real estate did you have a mentor to show you the ropes? Did the office you started at offer any type of training? Well, if you are anything like I was my broker didn’t offer any type of training. He basically threw the agents in his office to the wolves. Years later I realize he couldn’t have been dumber. It’s a wonder there were never any lawsuits that arose from some of the transactions that went through that office. I am sure, with all the new agents that were there when I was there that there were a few that dropped the ball on some disclosures or blurred the line with ethics. But, that is another topic.
The fact is, I passed my test with one of the highest grades in the class. However, passing the RE exam didn’t prepare me to understand the everyday common language of a real estate agent. In fact, it was a test and no real life examples. I actually realize now that the test was a little outdated for the time.
One thing is for sure; real estate is a competitive market and few will help you getting started. No one in the office I started at would share a lead and, rarely, would anyone offer any insight to me unless I cut them in on the deal. Which is fine but, there has to be some sort of jump start to give a new agent insight, right? Yes, I know the Keller Williams of the world and Coldwell Bankers offer trainings but what if you were like me in a small office or somewhere in a small town in Utah? What then? Well, you would probably do as I did and buy some books. I bought some Donald Trump, Dean Graziosi and Gary Keller books when I started and they were useful. however what these books didn’t tell me is the basic, every day terminology that is necessary to communicate with other agents, buyers and lenders.
However, one resource that helped me when I started was that I bought some packaged marketing letter tutorials that gave me the types of letters that I would need to send to buyers, lenders and other agents. Really, what I wanted to see was how people corresponded with one another and be able to see, in front of me, how the language/dialog was happening. I bought several packages and all of them were under $75 dollars. The way I look at online tutorials and packages like this is that if I can glean yet one idea from whatever it is that I bought then it was worth the money.
Now I know every state is different and the rules and regulations differ from state to state but one thing remains consistent from state to state; the language that realtors speak to one another is the same and being able to see examples for all types of situations really is beneficial.
There are packages online that offer a full library of pre-drafted letters that will suit any situation that you are in. Check out our site. We offer a lot of free advice and also in-depth reviews on many of the most popular marketing tools for real estate and mortgage marketing letters.
Read more about real estate marketing letters, or the best mortgage marketing letters you can use.
Tags: customer service, entrepreneurs, ethics, finance, home based business, insurance, investing, leasing, lending, loans, mortgage, property insurance, public relations, real estate, sales Posted in property insurance | No Comments »
Thursday, November 4th, 2010
Drywall/ Plaster Repair In the city where I do most of my rehabilitation work, all the houses are 90 to 100 years old. Cracks and holes in the plaster are common. Often, holes in ceiling plaster are the result of water infiltrating either from the roof, or from a split plumbing line. Holes in walls are often the result of vandalism, but could be the sign of more serious foundation issues. Once the root cause is fixed I normally patch the area with inch drywall. Perform this task by placing a piece of inch drywall over the hole (lathe must be present behind the drywall). Secure the drywall to the hole with at least 2 drywall screws. Insert your roto-zip near the edge of your hole and cut the drywall by pressing the rotozip blade against the remaining plaster. Once your piece is cut, secure it with multiple drywall screws, mud the gaps, tape, re-mud then sand to a smooth finish. When dealing with floors bellow ground level if Basment Waterproofing is needed call a professional like before you Repair the walls.
Basic Water Pipe Repair Usually the hardest part of water pipe repair is finding the leak. You do this by turning on the water, listening for falling water, then visually inspecting where the water is coming from. Once you find the leak, cut out the old section of pipe and cut a section of new pipe to replace it. It is very important to dry the ends of the pipe and rough up the end of the old and new sections of pipe with your sandpaper. Apply flux to each section of pipe and to a coupler that will be used to join the pieces. Put the new section in place. Heat the coupler with your butane torch and apply solder around the edges of the coupler. Once it is sealed all the way around, allow the solder to dry and move on to the next leak.
Drain Repair Clogged drains are very common. A snake should be a staple in your tool box. Drains work by using the force of gravity to expel waste water down and out of the house. Improperly working drains can be the result of improper pitch in the drain line or a clog. If a clog is found in the drain line, such as hair or grease, remove the drain, remove the clog, replace the drain and test.
Replacing Light Fixtures When I am working on electrical fixtures, I like to turn off all power to the house. If this is not feasible or if other people need power to perform other work, I just turn off the circuits one by one as needed. Be sure to check the wires with a voltage meter to insure the power is off. Remove the old fixture by unscrewing the wire nuts or by cutting the wires. Strip off a section of the wire casing and attach you new fixture with wire nuts. Be sure to tape off any exposed wire with electrical tape. Since each fixture will come with its own set of instructions, be sure to read those instructions thoroughly to insure proper installation. Electricity can cause severe injury if you do not follow instruction implicitly.
Window Installation Carefully remove the old window. Be sure not to damage the old wood frame and the window sill. Once the window is removed place wood shims on the exterior of the sill and level the shims. Secure the shims. Place the new window in the opening. Place more wood shims along the sides at the top, middle and the bottom. Once the sides are secure, make sure you can easily open and close the window. Fill the gaps around the window with expanding foam insulation or fiberglass insulation.
Refinishing Wood Floors First remove the old carpet. Then remove all of the tack strips, staples, nails and quarter round molding. Once the floor is clean, run your drum sander with the grain of the wood. It is very important that you keep the drum sander moving at all times though. If you leave it sit it will quickly eat into the floor, leaving the finished floor wavy looking. Start with 36-grit sandpaper, then 80-grit, and then 100-grit. Once the main body of the floor is sanded, do the edges with an edge sander using the same grits of sandpaper that you used on the main floor. When all the sanding is complete, sweep the floor, and then vacuum the floor. Apply your choice of stain or apply polyurethane directly to the wood. Finish with 2-3 coats of polyurethane. Replace the trim molding along the floor.
Laying Tile Start by removing the old coverings whenever possible. Once the old covering has been removed put down a cement backer board over the entire area to be tiled. Fill in the joints of the backerboard with mortar. Begin tile installation by troweling on a thin application of mastic over a three to four foot area. Set the tile in place and push gently to secure the position. Continue in this fashion until the tiles are all in place. Allow the mastic to dry for 24-hours before grouting. If you are laying a natural stone tile be sure to seal the tile prior to grouting. If you don’t, the tile will appear hazy. Remove all tile spacers. Mix the grout and push the grout into the seams using a rubber float. Immediately wipe up excess grout with a damp sponge. After an hour or so, wipe down the tile with a piece of cheesecloth to get rid of the haze on the surface.
Texturing a Ceiling Texturing a ceiling is one of the simplest jobs you will do on a home, yet it gives the room a finished look. Dip a texturing brush with a long (4 foot) handle into a bucket of top-coating mud. Push the brush into the ceiling in a random pattern. After it dries finish by painting with a white ceiling paint. (Note: This project can be messy. Either do it before you put your floors in or cover them completely. )
Painting a Room Prior to painting any room, always inspect the surface of the walls. Take the time to fix any small pinholes or cracks with spackling paste and sand to s smooth finish. Once the walls are smooth, look for gaps between the walls and the trim. Fill the gaps with caulk and smooth the caulk with a wet finger. Paint the trim first with a white semi-gloss paint. Next, apply one coat of latex primer to the surface of the walls using a roller. After the primer dries apply your paint. A flat latex paint is the best choice for hiding small imperfection in your walls surface. Two coats of paint will generally provide complete coverage. To edge the walls, apply painter’s tape to the trim, and brush the paint onto the edges. After you have painted the edges, remove the painter’s tape and you’re done.
Landscaping The exterior is the first impression people will get of your house. Take time to remove all the overgrown 1950’s era plants and replace them with smaller more modern looking plants. After removing the old shrubs, cultivate the bed and mix in organic materials like manure, compost or peat moss. The exterior is the first impression people will get of your house. Most of the time, I remove all the overgrown 1950’s era plants and replace them. If there are any good plants in the landscape, I try to remove them in a way that they can be re-used in the landscape. If they are too large to remove, prune them to improve their appearance. After removing the old shrubs, cultivate the bed and mix in organic materials like manure, compost or peat moss. Arrange your new plants on top of the beds. Once you are happy with the arrangement, remove any burlap or plastic and plant them. Be sure not to bury the root balls of shrubs. You want to plant the shrub with just a little of the ball showing above the ground
Erin Cuerton is the Lead Partner or Cuerton Property Alliance. He recomends roofing cleveland. If you need a flat roofs cleveland quote contact Cleveland Oh Roofing
Tags: business, entrepreneurs, enviroment, insurance, investment, landscape, loans, money, property insurance, real estate, rehab, rent Posted in property insurance | No Comments »
Thursday, September 24th, 2009
by Erin Cureton
Drywall/ Plaster Repair In the city where I do most of my rehabilitation work, all the houses are 90 to 100 years old. Cracks and holes in the plaster are common. Often, holes in ceiling plaster are the result of water infiltrating either from the roof, or from a split plumbing line. Holes in walls are often the result of vandalism, but could be the sign of more serious foundation issues. Once the root cause is fixed I normally patch the area with inch drywall. Perform this task by placing a piece of inch drywall over the hole (lathe must be present behind the drywall). Secure the drywall to the hole with at least 2 drywall screws. Insert your rotozip near the edge of your hole and cut the drywall by pressing the rotozip blade against the remaining plaster. Once your piece is cut, secure it with multiple drywall screws, mud the gaps, tape, re-mud then sand to a smooth finish.
Basic Water Pipe Repair If you are working on a foreclosed home that has sat over the winter it is important to inspect for burst water pipes in the basement and walls. The hardest part of the repair is finding all the leaks. You do this by turning on the water, listening for falling water, then visually inspecting where the water is coming from. Once you find the leak, cut out the old section of pipe and cut a section of new pipe to replace it. Rough up the end of the old and new sections of pipe with your sandpaper. The easiest solution is to buy a Shark-Bite coupler and push into place. No flame is required for this repair..
Drain Repair Clogged drains are very common. A snake should be a staple in your tool box. Drains work by using the force of gravity to expel wastewater down and out of the house. Improperly working drains can be the result of improper pitch in the drain line or a clog. If a clog is found in the drain line, such as hair or grease, remove the drain, remove the clog, replace the drain and test.
Replacing Light Fixtures Be sure the power is off to the fixture by checking the wires with a voltage meter. Remove the old fixture. Strip off a section of the wire casing and attach your new fixture with wire nuts and electrical tape. Insure that no unexposed wire remains. Since each fixture will come with its own set of instructions, be sure to read those instructions thoroughly to insure proper installation. Electricity can cause severe injury if you do not follow instruction implicitly.
Window Installation Carefully remove the old window, making sure not to damage the wood frame. Once the window is removed place wood shims on the sill and level the shims. Once the shims are level secure them in place with screws (drilling pilot holes will keep the shims from splitting). Put the new window in place. At the sash, place more wood shims between the wood frame and the window to fill that gap, and then secure the shims in place by screwing through the window frame and into the wood frame. Repeat this step about six inches from the top and six inches from the bottom of the sides. Once the sides are secure, make sure you can easily open and close the window. Fill the gaps around the window with expanding foam insulation.
Refinishing Wood Floors I rent a lot of the homes that I rehab. If I re-carpet, I will probably have to o it again after the first tenant moves out. If I refinish the hardwood floors, I can re-rent it over and over without much hassle. Remove all of the tack strips, staples, nails and quarter round molding. Once the floor is clean, run your drum sander with the grain of the wood. Working a drum sander is a lot like working a self-propelled lawn mower. It is very important that you keep the drum sander moving at all times though. If you leave it sit it will quickly eat into the floor. I start with 36-grit sandpaper, then 80-grit, and then 100-grit. Once the main body of the floor is sanded, do the edges with an edge sander using the same grits of sandpaper that you used on the main floor. When all the sanding is complete, sweep the floor, and then vacuum the floor. After vacuuming, I like to lightly mop the entire floor. Allow the floor to dry then apply a stain of your choice. Allow to dry then coat with 2 - 3 layers of polyurethane. Replace the molding.
Laying Tile The key to a good tile project is a good foundation. Whether you are tiling a wall or floor, the foundation must be plumb or level and the surface must be flat. Start by removing the old coverings whenever possible. Once the old covering has been removed put down a cement backerboard over the entire area to be tiled. Be sure to secure the backerboard with screws designed for this application. Fill in the joints of the backerboard with mortar. Begin tile installation by troweling on a thin application of mastic over a three to four foot area. Set the tile in place and push gently to secure the position. Place a spacer next to the tile and position the next piece. Continue in this fashion until the tiles are all in place. Allow the mastic to dry for 24-hours before grouting. If you are laying a natural stone tile (travertine, slate, marble) be sure to seal the tile prior to grouting. If you don’t, the tile will appear hazy. Remove all tile spacers. Mix the grout and push the grout into the seams using a rubber float. Immediately wipe up excess grout with a damp sponge. After an hour or so, wipe down the tile with a paper towel or piece of cheesecloth to get rid of the haze on the surface.
Texturing a Ceiling Ever wonder how those skilled craftsmen got your ceilings textured so randomly yet so perfect. It’s easy, and there is very little skill involved. Dip a paint roller with a long (4 foot) handle into a bucket of top-coating mud. Roll the mud onto the ceiling. Cover a ten-foot by ten-foot area. Push your texturing brush into the mud and pull back quickly to create a random (yet perfect) dimple pattern all across your ceiling. After it dries finish by painting with a white ceiling paint. (Note: This project can be messy. Either do it before you put your floors in or cover them completely. )
Painting a Room Prior to painting any room, always inspect the surface of the walls. Take the time to fix any small pinholes or cracks with spackling paste and sand to s smooth finish. Once the walls are smooth, look for gaps between the walls and the trim. Fill the gaps with caulk and smooth the caulk with a wet finger. Paint the trim first with a white semi-gloss paint. Next, apply one coat of latex primer to the surface of the walls using a roller. After the primer dries apply your paint. A flat latex paint is the best choice for hiding small imperfection in your walls surface. Two coats of paint will generally provide complete coverage. To edge the walls, apply painter’s tape to the trim, and brush the paint onto the edges. After you have painted the edges, remove the painter’s tape and you’re done.
Landscaping Most foreclosed houses have neglected exteriors. This is a key area in reselling or renting out your house. The exterior is the first impression people will get of your house. Most of the time, I remove all the overgrown 1950’s era plants and replace them. If there are any good plants in the landscape, I try to remove them in a way that they can be re-used in the landscape. If they are too large to remove, prune them to improve their appearance. After removing the old shrubs, cultivate the bed and mix in organic materials like manure, compost or peat moss. Arrange your new plants on top of the beds. Once you are happy with the arrangement, remove any burlap or plastic and plant them. Be sure not to bury the root balls of shrubs. You want to plant the shrub with just a little of the ball showing above the ground surface. Follow spacing instruction on the containers so that your new landscape doesn’t look like overgrown in two years.
Tags: business, drywall, entrepreneurs, home improvement, home repair, insurance, investment, landscape, money, property insurance, real estate, rehab Posted in property insurance | No Comments »
Thursday, April 30th, 2009
by Hass67
Currency pairs are interrelated in the forex markets. As a forex trader, understand that the price action of each currency pair is not independent of other.
Most pairs move relative to one another. Understanding that different currency pairs are correlated is important for you. These correlation numbers can be positive or negative.
Knowing how strong this relationship is and its direction can help you a lot in developing your trading strategies. Correlation analysis has the potential to become a great trading tool for you.
Correlations are numbers that range between +1 and -1. These numbers are calculated based on past pricing data between different currency pairs. They can provide you with information that can maximize returns, minimize risk and avoid counter productive trading.
Lets use an example to make it clear. Suppose USDJPY and USDCHF has a positive correlation of +0.83 last month. This number is close to +1. It indicates that both pairs move together most of the time in the same direction.
Now, if you are trading USDJPY and USDCHF at the same time, it will double up your position if you take long positions or short positions on both at the same time. If you lose a trade on USDJPY, the chances are that you will also lose the trade on USDCHF 83% of the times.
Lets take another example to elaborate more. EURUSD and USDCHF both have a negative correlation of -0.92 in the last month. Both the pairs are moving in opposite directions recently. If you take long position on EURUSD, it is not a good strategy to take short position on USDCHF. It will only double up your position with increased risk.
While investing in two currency pairs simultaneously, try to choose such pairs that have correlations close to zero. Zero correlation means the two pairs are almost independent of each other and mutually exclusive.
Dont forget that currency markets are constantly changing. The correlations between pairs also keep on changing. It would be good to calculate the correlation numbers between pairs on a monthly basis.
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading; stocks and forex. Read about Trend Forex System. Best Forex Signal Service. Download Forex Scalping Cheat Sheets!
Tags: business;finance, c, credit, Currency Trading, d, debt, e, education, entrepreneurs, f, forex, home business, insurance, investment, mutual funds, personal finance, property insurance, real estate, s, small business, stock market, t, trading, wealth building, work at home Posted in property insurance | No Comments »
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