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Larry Potter
847-872-4047

How to Evaluate a Rental Property in 60 Seconds

By Julie Broad

When you start looking for a rental property to buy, you might find yourself overwhelmed by all of the places that are on the market. Your realtor may be sending you a bunch of listings, and you may have a list of properties you've found on websites like Realtor.com. How do you know which ones are worth looking at further?

I use a simple calculation to make a quick decision, and it saves me a huge amount of time. When my husband and I look at a spreadsheet of potential properties to buy (that is how we compare opportunities), I will tell him which three or four we should look at closely in less than five minutes. He will spend hours going over the details and analyzing the numbers only to come to the same conclusion as I did.

So, what's my trick?

All you need are two numbers: the price of the property and the rental income you will get from it each month. If the monthly income is at least 1 percent of the purchase price, it's worth investigating further. If, for example, you have a property that costs $300,000 and it gets $3,000 per month in rent, it's highly likely you will get positive cash flow from it. And that is a key ingredient to successful real estate investing.

You can even drop the 1 percent to 0.8 percent, and you may still have a positive cash flow property. One percent is just a rule of thumb. You can decide on the exact number you're looking for based on your objectives, the strength of the area where you're buying, the size of the down payment, and the cost of financing.

Once you've found a property with cash flow potential, you still have a lot of work to do to make sure it is a good one to buy. But by using this trick, you won't waste time running the numbers on properties that don't have much potential to be a good deal.[Ed. Note: This is the PERFECT time to scoop up real estate at bargain prices and set yourself up for massive wealth creation when the market recovers. In the meantime, you could be putting money in your pocket every month! Real estate expert Julie Broad can show you just how to do it. Get hands-on coaching and step-by-step instruction to create your own million-dollar real estate portfolio with her new program. Get all the details here.]

Sell A House In 2-Weeks--->http://www.sellerdirectprogram.com/

Make Haste Slowly

When it comes to the question of overwhelm, it's amazing how many people feel confused or out of balance after attending a seminar wherein a ton of new ideas got tossed around.

If you're feeling overwhelmed, there's a simple reason. All you're doing is taking in information. But you're not DOING anything with the information. You need to strike a balance.

Study - then do. Study some more -then do. You haven't learned anything until you do something with it.

The concept is totally foreign to many people. They think that learning and doing are the same thing. Not in the world of the creative. Creators understand that you don't know anything until you can use it and apply it. Reciting what you supposedly know is not demonstrating that you can apply it. Big difference.

In school you learn to memorize and recite. That's not learning. Nor is it real thinking. Thinking involves asking yourself questions - and coming up with answers. It also involves doing something with what you learn.

I'll never forget how shocked a Home Seller Assist member was when I explained how I read a "how to" book - or go through a "how to" course. I read the first chapter or lesson - then I stop reading and start doing. Then I read the next lesson. Then I stop reading and start doing.

Such a simple formula. It's not hurried. But boy is it quick. Meanwhile, those who read the whole book or course and do nothing - get nothing but overwhelmed. They hurried through the book - and got nothing out of it.

Now, does this mean I'm against speed reading. Not at all.

I believe learning how to read fast is one of the most important skills you can have. But even when you read fast, the key lies in being relaxed and focused. You breathe deeply as you read. This is yet another example of being able to go fast - even when you're not hurrying.

Frantically rushing is the enemy. Going slower can often be quicker. Being relaxed increases speed.

You can make haste slowly and get there faster, if you'll relax and breathe.

And if this message is overwhelming, get up and move. Be quick - but don't hurry.

Larry Potter

http://www.youtube.com/watch?v=lkJCsIMAiNY

www.ATicketToWealth.com

Switch to Energy Efficient Appliances

Energy efficient appliances run the gamut from slightly cost-saving to truly green. You may find energy efficient air conditions that require less electricity to run than regular power-guzzling models. Energy Star ratings can give you an idea of how much electricity your appliances will use, and help you find the most energy-efficient appliance for your needs.

Finding the most energy efficient appliances is a win-win situation. Not only can energy efficient appliances help you along the path toward creating a Green home, but they save you money every month on your utility bills. Energy efficient appliances help the environment AND they save you money; they’re a logical upgrade when the time comes to replace your appliances. Practically any appliance can be energy efficient; from a dishwasher to a furnace to an air conditioner, and even your lighting fixtures. Energy efficient appliances can even help you qualify for an energy efficiency tax credit!

However, energy efficiency is only one aspect of Green appliances. For maximum impact, you can also switch to low-flow appliances that don’t waste a lot of water. Low-flow washers and dishwashers use drastically less water than traditional models; up to 15 gallons less per load of laundry in the case of a low-flow clothes washer. You can also purchase low-flow showerheads, sink fixtures and toilets to maximize water conservation and make your home more environmentally-friendly.

Larry Potter

http://budurl.com/nn8h

www.ATicketToWealth.com

What to Do With Your Great Ideas

By John Forde

You'll feel great - even inspired - when all your brainstorming and research yields a Big Idea, whether it's for a new product, a marketing campaign, or a headline for a sales promotion. But you're not done. See, it's not enough for your idea to be captured. It needs to be tamed. Polished. Beaten into submission (or whatever other metaphor floats your dinghy). Because it's in the execution, rather than the mere inspiration, where you're going to set yourself apart from the rest of the pack.

Think of it this way. Some cave guy (or gal) once had an idea for a thing called a "wheel." We must remember to send him (or her) some flowers. But while we're at it, let's not forget to thank the fella (for it was one, Charles Goodyear) who thought up vulcanized rubber in 1844... and Robert Thomson who came up with the first inflatable tire in 1845... John Dunlop, who re-invented it for his son's tricycle in 1847... and all the other innovators since. They all took a great idea and made it greater... by working it over, massaging it, pushing forward and making mistakes, and plenty more.

It was their sweat equity that made the real difference. Here's the good news: As you polish and refine, you'll discover more ideas. All worth re-working too. Your pool of genius will expand. And pretty soon, you're not just the guy (or gal) who had that one great idea a long time ago... you're the one who has lots of great ideas. Even better, you'll have a reputation as one of the rare few who sees those ideas through.

[Ed. Note: Get even more of expert copywriter John Forde's musings on the creative process, marketing, copywriting, and more at his blog. Once you've got your Big Idea for a product, marketing campaign, etc. what's next? Why not learn how to turn it into profitable Internet business that could give you income for life?]


Larry Potter
http://budurl.com/nn8h
www.ATicketToWealth.com

A Picture Can Be Worth Thousands

By Paul Lawrence

Back when my wife Blanca began her first business - a housecleaning service - she was skeptical about including a photo of herself in her ads. So I told her I'd prove it would make her money.I took a photo of her holding a broom. Then I created two advertisements. One had the picture and the other didn't. Both versions worked, but the one with the picture outperformed the other by far. It had a 3 percent response rate compared to 1.5 percent for the one without the picture.

Think of it this way. Let's say you're selling a $100 product and you make 50 sales with your regular ad every time you run it. If you add your picture to the ad, you could end up doubling your sales - and putting an extra $5,000 in your pocket!

For small businesses, including a photo of the owner (or someone else connected to the company) almost always increases response. If you're not doing it, I strongly suggest you run a test. It could greatly increase your profits.

[Ed. Note: Paul Lawrence is a successful entrepreneur and business author who has started over a dozen profitable enterprises for under $100. For more information on his Cheapskate Marketing Program, click right here.]

Larry Potter
http://budurl.com/nn8h
http://www.atickettowealth.com/

The Power of Pausing

By Brian Tracy
Top salespeople ask good questions and listen carefully to the answers. One of the most important listening skills they develop is to simply pause before replying. When the prospect finishes talking, rather than jumping in with the first thing they can think of, they take three to five seconds to quietly wait.

Pausing before you speak has three specific benefits.

You avoid the risk of interrupting the prospect if he has just stopped to gather his thoughts.
Your silence tells the prospect that you are giving careful consideration to what he has just said. This is a compliment, and makes him feel valuable.

Pausing before replying means that you will actually hear and understand the prospect better because you've given his words a little time to soak into your mind. You will be more alert to how his words can connect with other things you know about him in relation to your product or service.

When you pause, not only do you become a more thoughtful person, you convey this to the customer. By extension, you become a more valuable person to do business with.

[Ed. Note: In his audio program, Communicate With Power, Brian Tracy, master salesman and business coach, will show you how to influence people and get what you want by using only words.

And what better way to hone your communication and sales techniques than by setting up your own Internet business? The Internet Money Club Independent Learner Edition gives you the complete, start-from-scratch guide to finding financial independence online. Get all the details now.]

Larry Potter
http://budurl.com/nn8h
www.ATicketToWealth.com