The Amazing Race: Real Estate Edition!

March 29th 2008 Posted to Flipping Houses, General, Multiple Streams of Income, Real Estate Market

Vacation Rental Exit StrategyI know that rule #1 in real estate is not to get attached to a piece of property! However, when it’s your own home, the rules change! And that’s what happened to me.

I bought my home in Coral Gables back in 2003 and absolutely fell in love with it. It was an old spanish home with unique architectural elements and it was absolutely perfect for me. In fact, it even had a converted carport that I used for my office so that my work didn’t creep into my entire living space (as it has in my new home!)

In 2005, I bought another house… This time, in West Palm Beach a block from the water. The house itself was not my dream house, but I loved the location. I could even put my own sailboat in the water at the end of the street (which I never got around to). I decided to move to West Palm Beach because I was doing more real estate in the area and didn’t want to keep both houses as active residences. I did go back and forth for the first 18 months and just didn’t want to do it anymore. So, I rented it for just about a year and a half. (more…)

Business Lines of Credit

March 14th 2008 Posted to Business Structure, Credit, Financing, General, Hard Money

Business Lines of CreditAt least several times per week, I get asked about how to get business lines of credit ESPECIALLY since the lenders are tightening up these days. Now, when I am applying for credit, I’m not too picky if it comes in the form of a credit card with courtesy checks or an actual line of credit.

I’m not too concerned about interest rates because I’m using them for a tool. Certainly, the lower the interest rate, the better, but if I have to get a card at 15%, I’ll take it. I won’t carry a balance on it or use it unless I come across a deal that I simply must use the card for and it makes sense.

Some people may wonder why I don’t fight for great rates, and I definitely try to get the best rates I can, but I’m not accumulating business credit for the sole purpose of maxing out my debt :-0! You see, I want to have as MUCH money available to me at any given time in case the right deal comes along and I need immediate cash OR in case I need some extra funds to grow my business.

There are a handful of things you need to know about the business lines of credit I’m talking about here: quick cash payday loandefault loan paydaypayday loan up to 1000,1000 advance payday loan,1000 loan payday2 loan online payday,fast online payday loan,loan online paydaysavings account payday loancalgary payday loan,calgary loan paydaygeorgia in loan paydayadvance loan paycheck paydayno teletrack no credit check payday loan,check credit loan no paydayadvance america loan paydayten dollar payday loanbad credit payday personal loan,payday loan for people with bad credit,bad credit payday loancash fast loan paydayno credit payday loanpayday loan torontono fax payday loanloan payday,no fax payday loan,instant payday loancash loan payday tillconsolidation debt loan paydayadvance fax loan no paydaycash loan payday untilcash advance no credit check,advance cash check credit no online,advance cash check credit nocash international loan payday servicespayday cash advance,payday cash advance today,payday cash advance alabamapayday cash loancash advance credit card,instant online guaranteed cash advance credit card,no cash advance fee credit cardadvance america bank cash,advance advance america cash center inc,advance america cash advancepayday loan cash advance loanadvance cash loan onlinecash advance serviceslawsuit cash advance,advance cash lawsuit loan,advance cash lawsuit pre settlementadvance cash fast loan online,advance cash fast loan online payday,cash advance loan onlineovernight cash advance,advance cash loan overnight,advance cash overnightgeorgia no fax cash advance,advance cash fax no,1000 advance cash no faxadvance cash faxing no,no faxing required cash advance,1000 advance cash faxing nocash in advanceadvance america cashmagnum cash advance,advance cash faxing magnumadvance cash fast loan paydaysame day cash advance loan,same day cash advancecash loan payday quickcash advance for people with bad credit,bad credit cash advance,no fax cash advance for bad creditadvance cash chicago settlement,pre settlement cash advance,advance cash settlementquick cash payday loancash loan payday tilcash advance loanfirst american cash advancecash loan payday,advance cash loan new payday,cash advance loan payday internetcash advance detroitfirst time cash advance,first cash advance houston tx,first cash advance

(more…)

Integrated Streams of Income?

March 01st 2008 Posted to Getting Started, Multiple Streams of Income, Trends

Multiple Streams of IncomeListen to Lou Castillo’s “Online RE Empire HERE (In this 90 minute interview, Lou reveals how YOU CAN have multiple streams of income with real estate as the foundation)

I remember back about 5 years ago when the whole “Multiple Streams of Income” was all the rage. But, even then… I thought, “Hmmm. How in the heck is anyone supposed to learn 4 VERY DIFFERENT businesses at the same time?”

I consider myself pretty good at multi-tasking and taking on multiple projects at the same time, but when you’re trying to…

… Learn the RE business;
… Figure out how to write ebooks and put them online;
… Speak publicly;
… Understand the stock market; and
… Choose a network marketing company

all at once, it’s no doubt that you wind up running in circles, never really getting ANYTHING accomplished. I know from first hand experience. I would go to a seminar or an event and I would want to come home and do EVERYTHING! I remember starting (more…)