Quotes of the Day

Business systems and procedures can give a competitive advantage if they're more efficient or effective than the competition's. [2005] - Robert T. Kiyosaki

A solid down payment of at least 25 percent will act as a buffer for you at mortgage-renewal time should interest rates increase or the value of your unit decrease because of a market slowdown. [2013] - Dan S. Barnabic

The Royal Bank of Canada produces a quarterly report on housing affordability (www.rbc.com/economics). A well-balanced market for investors has a Housing Affordability Index of 33 per cent. Sophisticated investors look for cities and towns in the 25 to 29 range. Towns and cities above 39 per cent are most likely going to under-perform over the long term as they are overpriced relative to the ability for the citizens to afford it. [2013] - Don R. Campbell

Turnkey investing is a loosely defined investment strategy in which the investor buys, rehabs, and has a property managed through a third party, usually from a long distance away. All you need to do is "turn the key". There are hundreds of turnkey providers in America (and across the world), and no two companies are exactly alike. Some will buy, rehab, rent and then sell a property to you. Others will simply help you find the property and let you do most of the heavy lifting on the rehab side, then manage the property for you. Many people who live on the East or West Coast of the United States, as well as many who live outside the country, rely on turnkey companies (usually in the Midwest, where cash flow tends to be higher) to invest in great markets. [2015] - Brandon Turner

Five Great Habits for Better Relationships: acceptance (smile each time), appreciation (say thank you to everyone), admiration (compliment people on their appearance or clothing, etc.), approval (praise immediately, specifically and repeatedly), and attention (be a good listener). [2004] - Brian Tracy