Today I wanted to share some more information on Social Networking and share an article on Twitter that is posted at ars Technica .
The article is called Twitter: Far more than “what I had for lunch today”. In reading it for me it just reinforced what I have already known and that is that using Twitter as a tool to communicate what you are doing in business as well as interact with others that you may be doing business with or will be doing business with is very powerful.
In this article the power of Twitter is shown in how the Scottsdale Az police department uses Twitter to communicate with the community on city issues, road closures, construction and even crime.
Another usage of Twitter that is being harnessed by business is the use of Twitter to help fix problems and discuss both compliments and criticism. Comcast is one company doing this .
The article is a good read and can be read here to see the power of Twitter:
If you have been on the internet for any period of time I am sure you have heard of Social Networking — but have you thought about how you can use this to build your Real Estate Investing business ?
If you haven’t maybe now is the time to start thinking about how you can use "Social Networking" to build and expand your Real Esate Investing business.
Now if you are scratching your head some wondering what exactly is "Social Networking" I am going to leave you today with a video that does a really good job of explaining what "Social Networking" is.
Watch the video and then stay tuned for more information on how you can start benefiting from "Social Networking" to grow your business.
From time to time I come across articles on the web that although may not be directly 100% related to working your business they are valuable.
Here is one that I think is valuable and applies to not only people working a business but to everyone.
I am sure that by now everyone realizes that we are seeing a change in how credit is given in the US - it is no longer as readily available. Here is a short article from Entrepreneur.com that gives 5 quick ways to control your cash flow during the credit crunch:
I wanted to talk a little bit today about getting your financial house in order. Over the past several weeks Ian (hubby), and I have been spending some time on doing this. If you haven’t done this lately and kept a pulse on where you are it can be a time consuming process.
We had slipped a little bit and had a bit of updating to do. In this process we reviewed many things:
Current Debt Load
Insurance Coverage
College Planning
Retirement Planning
Monthly Budgeting
It was a time consuming process but very well worth it. We are still working on finalizing this round and then we plan to visit this every 3 months (quarterly) to ensure that we are on track.
One thing that was very positive for us was that in doing this process we were able to see that in about 11 years WITHOUT adding the extra income that is coming in from our business ventures, Real Estate and Network Marketing we will be 100% out of debt including our house and three rental properties. Needless to say this was very encouraging.
If you haven’t done this process in a while I would highly suggest that you do so. Knowing your clear picture will help you plan and grow in your Real Estate investing as well as any other venture that you set out to do.
If you have a financial advisor I would suggest working with him or her on this process and if not I would suggest that you look for someone that you trust. We are working with our Primerica Representative on this process because we like how they work and what they provide you - we now have an updated blueprint to work from to reach the goal of being DEBT FREE and be able to plan to grow our wealth through real estate and other business ventures.
I wanted to share a bit of positive news today for the market.
Unfortunately, over the last several months there has been a lot of doom and gloom over the housing market, unemployment, business conditions and other economic issues.
I am sure by how you have heard that there is a mortgage bill on the table to help deal with what is being called the foreclosure crisis. I have seen a lot of speculation on what will be included in this bill and when I first heard about it I had some serious concerns on what message this would send to the homeowners that weren’t in trouble - would they feel slighted, etc.
Today I came across this article on CNN that did a pretty good job of overviewing the bill on the table. I still have mixed feelings on if it will have an impact or not, but I believe it is structured properly so that homeowners that have kept current on the mortgage don’t feel slighted.
This week I have been monitoring a lot of threads on where the market really is and trying to get a pulse on the best strategy to use right now.
In a lot of markets I see that now is the perfect time to buy and hold and reap some cash flow if you can. In fact I have a two contacts that over the perfect turn key products for this:
On in the Denver Market - buy at 80-85% fully rebhabbed, rented and cash flowing
Another in some other markets - buy for $5,000 down - they will rehab, rent and then refinance you into an 80% loan and handle the property management on a rehabbed and cash flowing property.
What I have found though is that the information in the market goes back and forth on if now is the time to buy or is it the time to shy away. Here are a few of the stories and other blog posts I have found on this:
As you can see there is a mix of both negative and positive comments on the market. We have personally tempered our activities, but not stopped all together. We believe the market will improve, when is the question and if it will decrease more is a factor as well.
