ATTENTION READERS!
I have been reading my blog and I had a realization. I know what I do best is teach. My passion is to teach you all the information you need to get out of the rat race. I have begun a new blog solely dedicated to adult education.
At Take Your Leap, I will post information that will enable you to become an entrepreneur. On this site we will continue to discuss real estate, business start ups, passive income, money partners, investing and much, much more. I wanted a venue where you could focus all your learning on how to become financially free. I think you will love the new format. We want to live the dream by taking the leap out of our daily, W2 routine.
Take Your Leap
will walk the path towards financial freedom!
Now, Little Baby Headquarters will become the ultimate baby blog. My focus will be parenting, pregnancy, adoption, child education and top-notch baby products. I hope to review many new products available to parents today. Consumer reports ratings will be discussed, safety, price and functionality will be incorporated. Also, many posts will pertain to my long 3 year journey to get pregnant, our current 2-3 year process of adopting a daughter internationally, and opening a baby-based business.
Lastly, I will apply my education expertise to my blog, so parents with school age children can get information about learning, disabilities, teachers, tutors and development.
Little Baby Headquarters
Stay tuned this information will be incredible!
Saturday, March 29, 2008
Thursday, March 27, 2008
Learning: Day 5: Team
Who will be on your team? That is the next question you need to ask yourself once you have decided on a market. Everyone's team is different, but I would like to suggest a basic checklist. Some individuals on your team, may be able to do more than one job.
You will need to remember, also, that not all team members are equal. There are certain people who are essential during the buying process, but will not be too involved afterwards. An example of these people would be realtors and lawyers. Then there are those who need to be identified before you buy, but their role takes precedence once you own the property. An example of those team members are property managers or contrators. I can not emphasize enough, how important it is to take your time when choosing these team members. I interviewed team members for months...I suggest you do the same.
Now who do you need?
Here is a suggested list of Team Members:
Realtor
Insurance Agent
Coach
Lawyer (one who can close and set up entities)
CPA
Inspector
Property Manager
Sub/General Contractors
Money Partner (if necessary or desired)
It's never too early to start seeking out your team and one of the best places to refer to for good referrals is the local investment real estate group. Do not take any suggestions from someone who is not an investor. Also, many of your team members will serve you best and help you accomplish your goals if they too are investors.
Good luck, be cautious, buy slow.
Monday, March 24, 2008
Bringing Learning to Life:Day 4: Where to buy real estate?
Finding a market to buy and work in can be the most difficult part of real estate investing. When we were trying to make that decision, I spent a lot of time reading, researching and comparing essential components.
When choosing an investment location there are many questions you must ask:
1. What is the employment rate in the area?
2. What major industry/companies have headquarters based in the area?
3. Are there new businesses projected to be in the area?
4. Are there new development projects such as sports arenas or malls?
5. What is the cost of living?
6. What is the status of any military bases in the area?
7. Is the market satiated with local and out of town real estate investors?
8. What is the average investment property selling for?
9. What are average rents?
10. What are typical vacancy rates in the area?
Some places you can find answers to these questions:
1. Home page of the town/city
2. Bureau of Labor Statistics: www.bls.gov
3. Global Property Guide: www.globalpropertyguide.com
4. Realty Trac
5. Foreclosure.com
6. ALL investor clubs in the town or state...this is a must
7. Yahoo groups about investment real estate in the area
8. Money Magazine
9. Fortune Magazine
10. Entrepreneur Magazine Real Estate Radio
Once you decide you strategy, deciding where to invest is your most important decision. this decision took us almost seven months. Remember, you don't have to invest locally. You have to invest in an area that you can reasonably afford, will support your investment strategy, and has viable property management. Good luck with your research. Hopefully you're buying some of those Rich Dad books that I highly recommend. Just click on the link below for great prices. Happy Reading
When choosing an investment location there are many questions you must ask:
1. What is the employment rate in the area?
2. What major industry/companies have headquarters based in the area?
3. Are there new businesses projected to be in the area?
4. Are there new development projects such as sports arenas or malls?
5. What is the cost of living?
6. What is the status of any military bases in the area?
7. Is the market satiated with local and out of town real estate investors?
8. What is the average investment property selling for?
9. What are average rents?
10. What are typical vacancy rates in the area?
Some places you can find answers to these questions:
1. Home page of the town/city
2. Bureau of Labor Statistics: www.bls.gov
3. Global Property Guide: www.globalpropertyguide.com
4. Realty Trac
5. Foreclosure.com
6. ALL investor clubs in the town or state...this is a must
7. Yahoo groups about investment real estate in the area
8. Money Magazine
9. Fortune Magazine
10. Entrepreneur Magazine Real Estate Radio
Once you decide you strategy, deciding where to invest is your most important decision. this decision took us almost seven months. Remember, you don't have to invest locally. You have to invest in an area that you can reasonably afford, will support your investment strategy, and has viable property management. Good luck with your research. Hopefully you're buying some of those Rich Dad books that I highly recommend. Just click on the link below for great prices. Happy Reading
Post Coming Today!
Hang in there. I was on a little break over the weekend, but more Bringing Learning to Life Posts will be up today. Don't forget to click on any book I mention. It directs you directly to the Rich Dad sight and you can get some great bargains there.
I'll update tonight.
I'll update tonight.
Thursday, March 20, 2008
Learning: Day 3: Play to win
Yesterday we discussed strategy for investing in real estate. How did we decide? Reluctantly, we bought the board game by Robert Kiyosaki, Cashflow.
Through playing the game you will experience all investing strategies; gold, real estate, stocks, businesses. It was by playing together as a couple that we realized it doesn't matter how much money you start with, but it does matter how you spend the money. Winning comes more quickly if you keep bills and leisure shopping at a minimum and investing at a maximum. You can't win if you don't take the opportunities presented in the "DEAL" cards.
After playing, we realized the bigger the deal the faster you become financially free. We continue to play. It's very important that we equate the game circumstances to opportunites we experience in life. Without playing, I think we would scatter our strategy and pass up some big opportunities. We choose to focus on real estate and businesses. That is how we began our first business together Little Baby Headquarters
Investing as a couple is important to us, so we can make decisions together. It really lowers the stress level when you have two heads analyzing and completing deals.
Take my advice, try the game. If you have an open mind, you'll see you have to get in the game now. Don't let another year go by working for someone else. Plan your game. Take action. Make work, work for you!
Through playing the game you will experience all investing strategies; gold, real estate, stocks, businesses. It was by playing together as a couple that we realized it doesn't matter how much money you start with, but it does matter how you spend the money. Winning comes more quickly if you keep bills and leisure shopping at a minimum and investing at a maximum. You can't win if you don't take the opportunities presented in the "DEAL" cards.
After playing, we realized the bigger the deal the faster you become financially free. We continue to play. It's very important that we equate the game circumstances to opportunites we experience in life. Without playing, I think we would scatter our strategy and pass up some big opportunities. We choose to focus on real estate and businesses. That is how we began our first business together Little Baby Headquarters
Investing as a couple is important to us, so we can make decisions together. It really lowers the stress level when you have two heads analyzing and completing deals.
Take my advice, try the game. If you have an open mind, you'll see you have to get in the game now. Don't let another year go by working for someone else. Plan your game. Take action. Make work, work for you!
Wednesday, March 19, 2008
Little Baby Headquarters:Look at these items
Here are some great pregnancy and baby items you must check out. Go to Little Baby Headquarters
HAPPY SHOPPING!
HAPPY SHOPPING!
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