Realty411 Magazine The Future of Real Estate is Here | Page 91

10 Rules of Successful Investing, pg. 80 Diversifying across multiple states helps reduce your “risk” should one market decline for any reason (increased unemployment, increased taxes, etc.). Need Leads Of Buyers or sellers? 8. Use Professional Property Management Never manage your own properties unless you run your own management company. Property management is a thankless job that requires a solid understanding of tenant-landlord laws, good marketing skills, and strong people skills to deal with tenant complaints and excuses. Your time is valuable and should be spent on your family, your career, and looking for more property. 9. Maintain Control Be a direct investor in real estate. Never own real estate through funds, partnerships, or other paper-based investments where you own shares or other securities of an entity you don’t control. You always want to be in control of your real estate investments. Don’t leave it up to corporations or fund managers. 10. Leverage Your Investment Capital Real estate is the only investment where you can borrow other people’s money (OPM) to purchase and control income-producing property. This allows you to leverage your investment capital into more property than purchasing using “all cash”. Leverage magnifies your overall rate-of-return and accelerates your wealth creation. As long as you have positive cash-flow and your tenants are paying off your mortgage for you, it would be foolish not to borrow as much as possible to buy more income property. For more information, visit: www.NoradaRealEstate.com https://www.facebook.com/ClassifiedSearcher Classified searCher Classified Searcher is the BEST tool available to help Real Estate Investors tap into the Unlimited Number of Leads on the Internet. Classified Searcher is a unique, feature-rich search app that produces fresh high-quality results in a global marketplace. Classified Searcher is a tool that lets investors rapidly search for postings on Craigslist.org, EbayClassifieds. com, Oodle.com, and Backpage. com all at the same time. Multiple searches with billions of results are supported. A variety of ways to view the results are available - in a list, on the map or on a timeline chart. Version 8.5 introduces thumbnail ad previews and auto-reply enhancements. Never be without leads of Buyers or Sellers again! Use code “realty411” and receive 20% off exclusively for our loyal readers. http://www.ClassifiedSearcher.com Developed by The REQI Company and marketed exclusively by Realty411. We can help you remove obsolete, inaccurate, and erroneous credit information: late payments • foreclosures • collec- tions • charge offs • judgements • repossessions • bankruptcies United Credit Education Services www.united-credit.org Call John Steel for a credit consultation 801-613-2085 [email protected] Realty411Guide.com PAGE 91 • 2014 reWEALTHmag.com