Starting a Credit Repair Company is a Wise Business Choice in Today’s Economy

Everyone has thought of starting a business at some point. Whether you are ready to start your first business or are already an entrepreneur just looking to diversify, a Credit Repair Company may be your best bet as a viable business for investment.  Starting your own Credit Repair business may not have originally come to mind, but here is a list of reasons why you should consider starting a Credit Repair Service of your own:

· It can be done Part-time or Full-time
· Credit Repair will always be in demand
· It can be started with little or no money
· No Licenses or Certifications required      

You can educate yourself on ways to keep your own credit in great shape One other great benefit Who wouldn’t want to help people if they could? A Credit Repair Service is an excellent way of doing just that. If you haven’t, then certainly you know someone who has had to suffer the consequences of having bad credit. We hear stories everyday of people barely getting approved for loans, and when they do, they end up paying extra points for a higher interest rate. Having less than desirable credit is not only a hassle, it can be crippling. 

When you consider that not in today’s tough economic times companies are using credit reports to weed out applicants. That’s right, in today’s economy your credit can even mean the difference you having a job and being unemployed.  In an age where foreclosures rates are skyrocketing and major US companies are filing for bankruptcy, it is easy to see that the need for Credit Repair Services is not going away soon.   This is a business you can do and feel good about the service you are providing.  

Someone to assist you Finding a mentor to help guide you in this process is always a good idea. There are people like Ray Mihtar who run successful training for Credit Repair Companies who possess the detailed knowledge that would be invaluable to one just starting out. Mr. Mihtar has run the #1 ranked Credit Repair training and consulting program http://www.onyxcreditrepair.com/affiliates.php for more than 10 years. 

Mr. Mihtar’s started out many years ago working as a Collections Manager, which gives him an even deeper understanding of how the credit industry. Not only is he aware of the tricks debtors used to track down debts, he is well equipped with the knowledge on the most effective way to represent clients during such a vulnerable time.   The great thing about accessing information from someone like Ray Mihtar is that because he’s been in business for so long, he is aware of the intricacies that help make for a successful business as well as happy customers. 

Pre-Closing Steps to Create a Great Residential Investment

An investor can easily step back after placing a project under contract and feel that until closing that there is little or nothing to do. Unfortunately, this is a critical mistake. Nothing could be further from the truth. Investors have to look beyond the closing activity and focus on their reports, market studies, and other information to develop plans, budgets, capital improvements, schedules, staffing and service additions to boost earnings, reduce costs, and otherwise secure the investment.

Sometimes thousands of dollars per month can be cut with a program of leak repairs.

Developing plans to place units on individual meters can net $30 to $60 per unit in additional profitability.

Examining the current management’s operation and developing techniques to add value that converts to higher rents or higher occupancy can net huge results. In one case I’ve seen effective occupancy was 84%. By changing office hours effective occupancy increased 10% and increased the property value by more than 50% because of the marginal effect on profits.

Creating plans to accelerate changes to the property to reposition or to turn over underpaying residents can create huge increases in revenue, profitability and value. Couple this with a plan to sell the property quickly after taking over and very large gains can be netted to the investors in a very short period of time.

In another instance the property had several undeveloped unoccupied plots. Keeping these off the note actually increases the value of the property because in general value is based upon profitability for the rented units. In turn, the buyer can turn around and potentially sell plots to achieve an immediate gain.

Ideas like these are found by walking through the historical expenses, old utility statements, the appraisal, the engineering report and surveys. Next, you should examine the properties zoning and see what opportunities this may offer.

The thorough buyer will spend days investigating competing properties management and marketing. Often times, there are differences that can be exploited for real gains.

Finally, traffic studies should be reviewed and frontage compared. If a property can be acquired with strong traffic seeking signage permits often can creates significant revenue for investors.

In short, the pre-closing period is an opportunity to examine your asset and with imagination, dedication, study, and intense review profits can be increased, risks can be reduced, plans to make early gains developed and the general asset value heightened to the advantage of you and your investors. Good luck and great investing!

Setting Goals at Trading and Investing

What good is a map if you don’t know where you want to go?

What good is a map if you know where you want to go, but you don’t know where you are now?

The first thing you must have is a GOAL or TARGET and compelling reasons WHY you want to get there. You must have STRONG reasons to develop a burning desire for achieving your goals… and a burning desire and strong reasons are what will give you strength in times of difficulty or tribulation.

Secondly, you need to know where you are. Otherwise it’s hard to get to where you want to go if you don’t know what you need to change/improve. Self-awareness and self-honesty are critical.

“If you don’t know where you are going, any road will take you there.” – Lewis Carroll

Self awareness is a vital issue, but I want to focus on your GOALS as a trader and investor in this post.

You have to know where you are going. You have to know what you want. And you have to put back of that want a BURNING desire.

A burning desire is the fuel for your journey. As with anything worth accomplishing in life, the path to reaching your goal or target is NEVER a straight line. Trading the markets consistently and profitably is such a destination. The ability to pull consistent income and build consistent wealth from the markets is a highly coveted ability. And because it is so lucrative and so freedom-giving the Universe makes it something that is challenging for most to achieve.

If the journey is easy or straight, your rewards will be paltry because anyone can have that ‘reward’. And besides, how boring would your life be if all you did was go after easy things and never failed? How fun would life be if you never had a challenge or a setback?

I remember back when I played baseball that one of my favorite things was taking on a team that was in front of us in the standings, or a team that maybe only had a few losses and we were meeting them for the first time. The games were intense and exciting to play in. Often the pitchers were more talented and so you would get less hits – but the game would be so much more fun than a 20-2 boat race. Each little aspect of the game became so magnified… but I remember feeling so ALIVE at these games.

So pause to reflect and EMBRACE your past challenges and your current challenges… .and the ONES that will INEVITABLY come as you move forward and gain more skill and prowess in this investing and trading game. A lot of times we try to fool ourselves and think we have personally evolved to a point where we will no longer face challenges in our lives and in our occupations – but if you are growing and getting better, then you will face challenges.

“Welcome Every Experience.” – Jim Rohn

One great metaphor I’ve heard of is about ants. Ants will FIND A WAY. Next time you see a train of ants going in a direction put your foot in front of their path. What do they do? Go over your foot? Go around? I know they do not turn back and go the way they came… at least none of the ants I’ve seen.

And I haven’t met an ant yet that stopped, sat down on a grain of sand and started crying about how the Universe is unfair and this challenge is BS and why does this stuff always happen to him and life is so hard and…

But hey, maybe the ants are special in my neck of the woods. Check it out in your neck of the woods and see. The point being is that I’m sure we’ve all met at least one person who melts down and gives up at the first sign of resistance or challenge.

Be like the ant. Define your Goal and Target, visualize achieving it, back it with burning desire and excitement, and you will simply AMAZE yourself.