Quotes of the Day

The Personnel Manager or Human Resources office is the employer's friend, not yours. Their basic function is to screen you out, so avoid them if possible. [2013] - Richard N. Bolles

Many properties that you can buy for no money down are ones you can't afford to own once you buy them. Often, the condition or problem that makes a seller willing to accept a no-money-down offer transfers with the property and leaves the new owner taking on the same problems that defeated the seller. Many no-money-down deals depend on your ability to flip the property to another buyer quickly before the cash flow requirements of ownership kick in. Once you get one or more properties free and clear, another more conventional way to make no-money-down deals becomes available. You can borrow against a free-and-clear property and pay cash for the new purchase; then it becomes a free-and-clear property. [2004] - Mike Summey

Keep your fingers closed when you gesture, your hands below chin level and avoid arm or feet crossing. [2004] - Allan Pease

Have plenty of fruit, nuts and sprouting seeds, raw vegetables such as tomatoes and carrots, honey, lemon, ginger and dark chocolate. These foods contain naturally occurring chemicals that help improve your overall health - and improve your mood! [2009] - Liz Miller

"Meeting the 2% rule (the 2% test)" means that a property's monthly rental income must equal 2% of the purchase price or greater. The value 2% could easily be replaced with another number to test that as well. For example, many people look for "the 1% rule (test)." You might hear people talk about the .5% rule (test), the 1.5% rule (test), the 3% rule (test). In my local real estate market, I know that if I can find a property that gets close to 2%, it's probably going to cash flow well. Yours might be different. Maybe you'll discover that 1% is plenty to get you enough cash flow to create a solid return on investment. [2015] - Brandon Turner