The house foreclosure proceeding may discontinue for you. Everyone in real estate understands that i...

1. Expert Private Hard Money Consultancy
The house foreclosure proceeding may discontinue for you. Everyone in real estate understands that
its a numbers game. You also have plenty of wiggle room, and buyers are thrilled because they get a
great deal and still come out ahead.
You have to know your opposition in the negotiation game and understand their motivations.
Successful negotiation is when both sides feel like they walked away with what they wanted. This is
a true skill and anyone who is in the real estate business knows that this can be the most difficult,
challenging part of your job, but it is also in my opinion the most rewarding when done right.
Another major difference between a hard money loan and a conventional loan is that a hard money
loan is not based on a person's credit but instead on the value of the project after its completion. A
good example is if John has a house that he wishes to rehab and sell for $100,000.00 a hard money
lender will lend up to $65,000.00. This is what is known as Loan to Value or LTV. Most hard money
lenders lend anywhere from 55% to 70% LTV depending upon what type of project the borrower has.
A house that needs a lot of improving and updates will be a little cheaper. This will let you save some
money in the beginning, and fix up the house as you see fit. You are creating the exact home you
want, while simultaneously adding value with every project. Don't allow the minor repairs to
overshadow the potential the house may have. An awesome home can often be coaxed from the
shadows of superficial ugliness.
This is basically what I know about private money versus hard money. There are some major
differences but the main purpose is to have good connections and building up good relationships
amongst each other to get complete funding for your deal.
"Flip This House" is a fantastic television program - that's about as realistic for the average investor
as "Sponge Bob Square Pants." The problem with TV Real Estate Investment Funds programs is that
they downplay the work involved, and accentuate the money made by the investors. "Flip This
House" will show you a tidy $150,000 profit wrapped up in a 30 minute episode. What they're not
showing you is the work done to find the property under market value, build the industry
relationships necessary to tackle a sizeable project, the skills necessary to manage that project, and
the market knowledge to accurately predict that properties final sales price. Bottom line is: investing
is hard. It can be, however, very lucrative.
One of the benefits of real estate investing is you get to deduct your expenses. In truth, this is true
for the stock market as well, but said expenses are nominal unless you are with a really expensive
broker. The biggest difference between the two markets is you get to deduct depreciation for real
estate investments. It is deducted over 27.5 years and can save you a lot of money on your taxes
over time.
One of the things new managers struggle with is trust and the ability to delegate. Your employees
should be competent and if they aren't, they may need more training. Don't fall into the trap of doing
everything yourself. Without constant challenges, your team will feel stifled and bored. They need
room to learn and grow. They need to be held accountable. You'll feel better once you start to
delegate and it makes you look more like a leader.
Find successful commercial real estate owners and follow their lead. Listen to their advice and most

2. importantly, use it. They have the knowledge to help you get your new investment up and running.
And why make the same mistakes that others have made time and time again before you? They can
warn you about common pitfalls. Remember, if you were an expert on the subject, you wouldn't be
looking for tips on the internet.
Even if your employee is a rock star, don't let them go without criticism. Everyone makes mistakes.
When your team screws up or does something you don't want them to do- tell them. Right away. Give
them constructive criticism and feedback on a regular basis, so that they can improve. And
remember the old rule, nothing that appears on their annual reviews should be a surprise.
The first cost of a software package is only a modest part of the total cost of accounting programs. If
you were an expert in the area, you'd not be looking for hints on the web.