A great amount of cash from Chinese buyers continues to pour into the United States real estate properties. Multi million dollars are paid for luxury homes and hotels on the West and the East Coasts with the major cities like New York, Los Angeles and San Francisco being the favorite places. Mainland China real estate buyers have been snapping up high-priced commercial buildings in the Manhattan area.
One common tools that all of my former investment professionals used bar none were Bell Charts. These nifty charts were a rating system for mutual funds that took into account everything from the profitability of a fund to the expense ratio to how they perform against funds in the same category. This way, if you want to put say 20 percent of your portfolio into a bond fund, you could see at a glance which funds were performing the best for that category of investment. The biggest mistake that my last brokers made was to say that they would never let my money stay in an under-performing fund. When I fired them, most of my funds had slipped into the bottom 25 percent of the fund categories and they could not give me a good reason why.
Going back to my Private investor – he was looking for a few percentage points more per year. While he did have a valid point that even 2-3% per year compounded adds up over time, he was overlooking the core fundamentals of good investing. He was already getting a nice, double digit return with us. He was getting good tax benefits for that investment. He was also able to invest with a company that he could talk to the owners, get updated financial information and have 100% transparency (something he would have never gotten with another investment). In short, he was winning big by investing with me.
Out of fear, many sit on the side lines watching the game instead of participating. Though that is the nature of life. Investment opportunities are plentiful, because so few participate in them! The set-up in many real estate investments alone can be so exhausting you may never execute. Same with stocks; the research and analysis can be overbearing. Research will always be a part of your due diligence, but what else can you do to make the process easier, more enjoyable?
Second, you can use Prosper online to find your business loan. They allow you to sign up and get a credit rating. Then, you can post a listing and tell all the potential lenders what you are after and how you plan to pay back the loan. This is a great option if you do not need anymore than $25,000.
With their investment, however, it is different than just a loan that you would get from the bank. You will need to repay the loan amount with interest. The investor also will own shares in your business and they will receive a portion of your profits. In most instances this amount is approximately 2% of your profits.
What does it really mean to become a millionaire? well, it’s according to how you still want to live. In reality, millionaires don’t necessarily live the lifestyle you were taught. Here is the real facts on the average millionaire.
This is not a business that you need to be a rocket scientist. Follow the rules, set strict guidelines for interaction, create good relationships, and learn the business terminology and you can be very successful in this new niche market of Bulk REO Investing.