Thought of the Day
CAP Rate for Commercial Real Estate Investor
CAP Rate provides a measure of ability for an income property to return an initial investment. CAP Rate is calculated by dividing the NOI (Net Operating Income) by the Value (Or Sales Price). The lower percentage CAP rates like 6% to 8% are usually assigned to lower risk investments with long term lease agreements and…
Read MoreTwitter for Real Estate Agents – Keep it Real
Twitter? Really? I am a busy (49 year old) real estate agent who happens to not need “yet another thing” to complicate my life. Twitter seems to be a plaything for kids. Yes, and kids are buying and selling real estate. Soo, old timer suck it up and represent yourself on Twitter because it is…
Read MoreHow to use Twitter to find buyers and sellers of real estate
You can use Twitter to find future buyers and sellers of real estate. I did and I show you in less than 60 seconds what to type in Twitter’s search engine to find yours. The power of Twitter is not in “traditional” push marketing messages or information. The power lies in relationship! Real estate agents…
Read MoreBoundaries Book is Great Resource for Sales People for Business
Boundaries: When to Say YES, When to Say NO, To Take Control of Your Life is a wonderful book full of stories that help you understand what is going on under the hood with your relationships. Dr. Henry Cloud and Dr. John Townsend put together practical solutions in story form that show you how to…
Read MoreHow to bring income security to sporadic commission earnings
How can you find security in a topsy turvy commission earnings business? Spend some time building a residual based income stream for future peace of mind. The best business I had the privilege to own was shares in a home owner’s insurance company. The initial investment was less than $7,000 and in less than 5-6…
Read MoreYou are a commercial tenant then you want a GROSS lease!
If you are a commercial tenant then you want to enter into a Gross lease. A gross lease has the landlord pay all expenses, utilities, taxes, cleaning, etc. from the rent payments. A triple net lease places much of the burden of expenses including property taxes onto the tenant instead of the landlord. Many small…
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