Monday, December 10, 2012

No money down apartment buildings.

A lot of new investors have tried to first invest in other types of commercial properties such as office buildings or shopping centers; only to realize that the transition is just too drastic and it ends up costing them the property, all their money leaving them deep in debt, destroying their credit and it takes years for them to recover.

Apartment buildings are tremendously easier to purchase, maintain & put on auto-pilot simply because most of us already understand how to rent an apartment and tenants are almost always readily available.

The buying process for other commercial properties (like shopping centers or office buildings) is not much different however the financing is much more difficult to obtain and leasing usually requires a team of very experienced individuals to negotiate contracts with business tenants.

If you're a new investor with little or no cash to invest, you MUST first start out with apartment buildings. Once you own at least 2 properties with at least 50 units in each property (which should be more then enough to pay you over ,000 a month in net passive income cash flow) you can then branch out to other areas of commercial real estate.

After you own a few apartment buildings and have those properties generating you enough monthly cash flow; THEN you can absorb any vacancies that might come from not being able to rent out space in your office building, warehouse or shopping center.

Apartments are where just about all successful commercial real estate investors started out, so why try and fight the odds. Apartments are the fastest, easiest and safest way to create monthly income and massive profits.

While it is technically possible to have your first deal be a warehouse, shopping center or office building... the statistics show that it almost never happens.

Most investors who first try to jump to other commercial properties before they own a couple of apartment buildings, inevitably fail and quit this business never to return...

That's why I teach boot camps training seminars on how to buy apartment buildings with no money at all and create a steady stream of monthly Passive Income each and every month for the Rest of your Life!

Sunday, December 9, 2012

Where To Buy Used Japan Cars

Buying used Japan cars are proven to be profitable. That is the reason why used Japan cars are sold like hot cakes even in this slowed down economic conditions. As importing used Japan cars directly from Japan includes no import tax, it will be the best option to own a dream car today. Though Japan cars could be imported from various sources like used car auctions, direct used Japan car exporters and online used car traders; not all the sources are the best for all kinds of buyers. You should choose where to buy used Japan cars based on some key factors. Just keep reading on the article to know what the best source is for you to buy used Japan cars.

Auto Auctions for savvy buyers

If you have great knowledge about the Japanese auto industry, the Japanese auto auctions are the best places to look for. You should also have very good bargaining skills to make great profits out of used Japan car purchase through the auto auctions. If you are a rookie in the field of buying used cars from action spots you should better seek the assistance of some Japanese car exporter. Moreover, you should be well aware of the places in Japan so that you can spot the Japanese auto auctions sites with ease. If you are capable of judging the cars condition and fix the right price for the used Japan car, then the Japanese auto auctions are made for you.

Direct Import through Used Japan car exporters

Second option is to plan a trip to Japan and find the best Japanese used car exporters. Used car exporters will be available in all the nooks and crannies of Japan. Hence finding a car exporter in Japan is no big deal at all. Though there are lots of used Japan car exporters, finding the best genuine exporters will be tiresome. You will have to roam all around the city and enquire many people before you could spot a genuine used car exporter. Once you find the best used car exporter you can ship it to your home country with ease. Not considering the time spent in finding the genuine used car exporter, this is another great option to import cars from Japan.

Importing used cars online

With anything and everything available in the Internet, Japanese used cars are no exemption. Compared to the other sources, the risks associated with buying used cars online is limited. Though there are lots of scams, finding the genuine used Japan car supplier online is not a big deal. You can also opt for the renowned online used Japan car exporters like The main advantage o importing used Japan cars online is that you can just relax in your home while the used Japan car gets delivered to your home. The used Japan car could be selected and purchased with just a few mouse clicks.

Considering all the pros and cons of the sources to buy used Japan cars, the online method has proven to be more profitable and safe.

Monday, December 3, 2012

Ownership Helps Home Loan Approval!

Those who are homeowners have special benefits when applying for a home loan. Lenders tend to like homeowners as clients since they believe them to be low risk borrowers that have other assets from which they can recover their money in case problems arise and they have to resort to legal actions.

Since home loans are secured the requirements for approval are less strict in terms of credit. If the applicant is already a homeowner, the lender knows that he has been able to save enough money to purchase a property, or maintain it if he inherited or pay mortgage monthly payments if he financed the purchase.

What Ownership Implies

Ownership implies that you are a low risk for lenders when it comes to loan approval. It means that you probably have been able to meet mortgage monthly payments before and that you have committed to maintaining a property throughout the years. Homeownership tells the lender that you have a sense of responsibility and that he can trust that you'll honor your obligations.

Summing up, homeownership implies for the lender that chances are that you will repay the loan on time and that there are less possibilities that you will default on the loan. And moreover, if for some reason the property value doesn't cover the whole amount of money owed, there are other assets from which the lender can recover his money.

Secured Loan's Requirements

Secured loans have less requirements because the loan is protected by the collateral and the lender can take legal action of repossession against the owner of the property to recover the amount owed by the borrower. The main consequence of this loan characteristic is that credit score and credit history are not such a deal when it comes to secure loan approval.

The main requirement for loan approval when referring to secured loans is the income of the loan applicant. Being able to afford the monthly payments is not good enough. Moreover, the loan installments cannot be higher than 40% of your income because the lender wants to make sure that the applicant won't sacrifice expenses in order to repay the loan because the loan installments are an additional expense that could be cut if the proper situation rises.

Multiple Collateral

Home owners can guarantee approval and greatly reduce the risk involved in a home loan transaction by offering another property as collateral too. Two assets guaranteeing a loan significantly lowers the risk involved for the lender and gives the applicant an opportunity to get a lower interest rate for the same amount of money.

Being able to offer two or more properties as collateral shows the lender your cooperation towards making things easier for him and will probably get you better terms on your home loans. These are the main reasons why it is said that homeownership has plenty of benefits for those who apply for a home loan. And even for those who are just planning to buy a second home or an apartment but don't want to use their other properties as collateral.