Tips on Bank Owned Foreclosures

Posted on March 23, 2023 by schatzi

There is a way for you to make some money by taking a look at foreclosures bank owned. When banks repossess a home, they generally do not advertise the foreclosure. But you can find their foreclosures if you just know how to do it. All it takes is a little work on your part and you’re on your way to realizing a tidy profit.

First of all, try to find a real estate agent that specializes in bank foreclosures. These professionals know what to do and when to do it. They work exclusively with banks and have methods of finding just the right home for you. Second, know that banks hate foreclosures and will do whatever they can to get rid of them. They are more than willing to have you take the property off their hands so that they no longer have to deal with it.

The third thing for you to do when looking at purchasing a bank foreclosed home is to make sure that it is in a good selling area. Check out the area in general, making sure that the school district is sound, the taxes are reasonable and that sales and rentals are doing well. Another important thing for you to do is buy a home that doesn’t require tons of money to make it attractive and sellable. Your profits will decrease considerably if you have to make a large investment to fix it up. And, finally, only consider buying properties that are listed at prices that fall below the actual market value of the home.

If you are sincerely interested in buying a bank-owned home, then now is the ideal time to start looking. It will be an easy process because all of your financial dealings will be done directly between you and the bank (or other lender.) This means that you have the opportunity to work some “deals” that might otherwise not be possible. Because of the financial crisis that is now occurring across America, there are thousands of foreclosed homes and other properties that are being offered by banks and at auctions at very reasonable prices. Foreclosures bank owned are the perfect way for you to take advantage of investments that you normally would not even be able to consider.

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Thoroughly Investigate What Your Auto Insurance Rate Quote Covers

Posted on March 22, 2023 by schatzi

Here is a scenario for you: you find the car of your dreams, it’s fast and sleek and shiny and you can just about afford the horrendously expensive price tag. Then something clicks – how on earth will I afford the insurance?! It is always best to find out what potential costs will be lurking before forking out for the car, but sometimes where to find the quote is the question.

An auto insurance rate quote can be confusing; there are such a wide range that you may not know what to pick. If you have just bought the car of your dreams then you are best to get fully comprehensive cover which will allow you to pay off any loans, or buy a new car should the worst happen. However, a ‘Third party, fire and theft’ policy does exactly what it says on the tin and is the cheapest option.

Auto insurance rate quotes also contain added extras; these can be free courtesy cars in case your car breaks down, an attachment of breakdown cover, no claims cover, and many other things. These added extras are often what make the auto insurance rate quote confusing! And then there is the added complication of companies who offer x number of months free, or any number of other incentives to get you to insure with them. You also have to pick your policy excess (the amount you have to pay to make a claim). If you have a high amount of excess then you will have lower monthly payments, but a much worse scenario should you crash.

All these confusing elements in auto insurance rate quotes can make it difficult to know where to turn, particularly if you are insuring the car of your dreams. In this case it can be best to talk to an adviser who knows about these things. This can be an insurance broker, or an adviser of a specific company. But don’t forget that whoever you talk to you will get a sales pitch. Any one you speak to (including brokers) will try to convince you that the most expensive insurance is the best, because that’s how they make money. But they can still offer worthwhile advice to those who are confused.

If you don’t think you can handle the sales pitch then do some online looking. You can use price comparison websites to look at the different deals on offer. There are several very simple ones which will help you muddle through the difficulties, but remember they can’t offer you advice – only quotes.

Another place to look, particularly for advice, is a bank. These days’ banks will offer a multitude of products including insurance. You can see an adviser through your bank, and while they make try to pitch you something, they tend to be less ‘salesy’ overall.

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In Investing, Laziness Is an Adorable Virtue

Posted on January 18, 2023 by schatzi

From the day we are born, most of us are conditioned for perpetual action. We feel that we have to do things constantly. We have to go to school; take-up a job; earn a livelihood; build a house; do charity; go to church and so on endlessly. However if not in real life, but at least in investing, laziness is an adorable virtue.

How is inactivity a virtue in investing?

Let us examine in some detail.

As in our daily lives often we tend to project our conditioned nature of constant action into the investing also. Whereas, wisdom demands that once we have made an investment after careful evaluation, we leave it undisturbed for many years – sometimes even for decades.

On the other hand, many innocent and uninformed investors constantly fret about their investments. This constant worry and tracking the investments is a serious problem.

Whenever I think about this I always remember the childhood story where a man had planted a seed and watered it regularly. But instead of simply let the seed to sprout at its own pace, he constantly worried. And finally one day unable to restrain himself anymore, he dug up the spot only to find to his dismay that the seed had indeed germinated and was just about to break out of the ground. And he had with his foolish act snuffed out the life of the plant for which he cared so much. The temperament of the man in the story and the anxious investors are identical.

To complicate matters further, television channels broadcast market predictions by the so-called experts minute-by-minute, twenty-four hours of the day. This makes the investors all the more nervous.

Online trading facilities available on laptops and mobile phones encourage the nervous investors to make the irrational sell and buy decisions, resulting in the constant churning of the investments.

Unfortunately, such a continuous meddling with investments leads to poor investment results.

So what is the solution to this sorry state of affairs?

We need to enhance investor awareness and education.

Investors need to understand that market fluctuations are natural. That even extreme market swings need not be feared, but are simply good opportunities for further investments. Investors need to realise that good and well-researched investments will not only regain values lost in market corrections but even climb to unprecedented heights when the market is at the opposite extreme.

Investors should learn to develop good temperament. They should learn to overcome the two worst enemies of investors, greed and fear.

They need to learn to sit tight through the stock market storms.

Perhaps it is even advisable that investors stop reading financial newspapers and watch financial television channels – at least the sections relating to the markets.

If you look at the situation rationally, you do not worry every minute over the market price of the house you had invested in for the lifetime, or about the business you own and run, do you? Investment in a share of a wonderful company is no different from owning your house or your business.

Hence I reassert that in investing laziness is indeed an adorable virtue.

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Critical – Define Your Target Market (Ready, Aim, Fire!)

Posted on December 19, 2022 by schatzi

Building a business requires certain actions be taken in an orderly fashion. An important first step is to define your target market. You must be sure that your message is seen by people who are interested in your message.

You should make every effort to define who your target market is right up front. There are several questions concerning targeting that you need to answer:

  1. Who do you want to attract?
  2. What do they need to accomplish?
  3. What problems do they need solved?
  4. What segment of the market are you interested in attracting?
  5. Are you ready, willing and able to provide the solution?

Since the network marketing industry is the focus of this article, this market will be addressed. When segmentation of this market is applied, we see that more than one demographic can be targeted.

Business Opportunity Seekers

This target market realizes that they need a way to make money (most of them want to do it through a home-based business)… and this is closely related to the same needs an Internet marketing opportunity addresses.

They have been on the Internet looking at many opportunities. One of the main issues they may be having is information overload. They may feel confused about what it is they need to do.

What are they trying accomplish? What are they trying to fix? What are they trying to avoid?

Prospects Who Are Already Researching Your Internet Marketing Opportunity

This is a fantastic niche target market to consider in your target market analysis. They are familiar with some of the benefits of your company and are in research mode.

  • They are seeking out the best opportunity to join. What they want to know is how, “How can you help me?”
  • They already know why they need an Internet marketing opportunity.
  • They know they need training and education in order to be successful.

Consumers

You will attract people who may have no desire to get involved in the business side with you. They are more interested in your products or services. Following the principles of Attraction Marketing and delivering attractive/educational content, consistently, will make you an expert on the subject matter and turn them into repeat and satisfied customers.

These two categories, Business Opportunity seekers and Customers are two distinctly different target markets. Each one has its own lead generation and marketing efforts. Additionally, their motivations, problems and solutions you can provide are also different.

Now that you have an idea of the who and why, what about the how?

Using A 21st Century Methodology Called Attraction Marketing

Attraction Marketing has now replaced the old school network marketing model of prospecting, lead generation and sponsoring! This marketing uses Internet technology that gives you the tools and resources needed to attract people to you and your business opportunity.

This strategy uses tactics that you deploy in your overall marketing plan. Tactics include blogging, article marketing, video, using social sites, plus many others. Each one is designed to get one thing done…

Building your own list of targeted prospects!

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