The art of getting money – from the perspective of the real estate investors

As we grow and learn money management and real estate, I would like to ask some questions. Have you ever saw in your library and found a book that you many years ago read? Do they have a profound significance to your current situation? With you, let me share my recent experience of reading an old gem, the art of getting money by P.T. Barnum. I had the book read at least a dozen years before, but remember not the content. When I the book, which I wondered that open, can be like a book, written in the 1800′s any relevance today have? Well, I was surprised, to say the least…

P.T. Barnum described twenty rules for gaining and maintaining wealth. As I stated on my life, was the most difficult times when I was not following some of the rules. I wrote these rules on a paper and reflect on them as things are not the right direction. I lists not the rules here, as I do, this gem on your own to check would promote. I described two specific rules, which were particularly poignant.

Avoid debt

P.T. Barnum addresses the problems that arise if liabilities to use to enhance your lifestyle. For real estate investors, which I would also say not over use your assets. I think, more than one property I used too much of. The properties were money flows and to pay tribute to the market. Fast forward to today… rent are decreased, increased expenses and cash flow is gone… the market has been corrected and the properties are underwater. I had more stringent criteria for LTV (loan to value) I would have cash flow and equity currently. Before making further acquisitions have I strict criteria set out in the future to avoid this.

In addition I found when my cash flow came in the and I had built significant equity, I was more inclined, my lifestyle to increase. Proper money management with my real estate investment told me, I should have kept more money in the reserves, I do not have. That’s not to say I ran and bought toys on credit, but I was a little losers with my personal finances. Before making further acquisitions, which I have strict criteria, to avoid this in future keep.

Be systematic

Entrepreneur dashing a task to the next in an effort often find themselves to extinguish the fire. There have been many books about “working on your business vs. working in your company”. Personally, the lack of systems has for long periods without marketing, inconsistent accounting and missed deadlines. I am committing Schedule every week, to take care of day-to-day tasks to set up systems. Ultimately once the systems have been created can then I some of the tasks delegate. In fact, there is no systems for most organizations to minimize that.

I recommend you read, or read the art of P.T. Barnum of more money. Read as always with the intention of, take at least one thing and implement it in your business/work/live.

Dana j. Lange

Dana is J Executive with a strong history of success in the meeting room and business circles. Dana brings strength of knowledge and success in sales and marketing. Dana J. Lange specializing in B, C class apartment complex with 100 + units in emerging markets. He provides the strategic and analytical skills to find undervalued properties, significant returns for investors. Dana J. Lange invites you to learn, earn high and are even infinitely investing in commercial real estate with a group (in money, you have used, sitting in pathetic CDs at 4% or less) If you want an item select America’s # 1 be real estate network today! Join us for an upcoming educational presentation online to inform or to now start.