Saturday, June 26, 2010
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In competitive sports today, one of its primary objectives is to maximize the opportunities created, and to minimize the opportunities lost. For example, football is a game of inches, and each inch gained creates more opportunity to score a touchdown. However, when an NFL player jumps offside, the referee signals a yellow penalty flag on the player’s team that caused the penalty. As a result, the penalized team suffers a lost in opportunity, and the opposing team increases its field advantage. Unfortunately, in the real estate world, the overall perception is not as clear cut as it is on the NFL. The purpose of this blog is for BMI Investment Capital to identify how traditional investors can bridge the communication gap with legitimate sellers and illustrate how nontraditional investors are the key to dominating the RE investment industry.
The term investment has a variety of different meanings, depending upon the context in which it is being stated. Economists define investment as a decision to forego present consumption opportunities, in order to increase future opportunities, by increasing the value of existing assets. Investments, whether made by individuals, institutions, or government can create, protect, improve or reduce the value of scarce resources used by people. When an investor adopts this into his or her mindset, the paradigm shift creates more sustainability as a nontraditional investor. Unlike the traditional investors that are becoming extinct, their outdated business models and rigid designs increase the difficulty in creating viable opportunities. Unfortunately, with majority of RE transactions, the traditional investors’ capacities to close transactions are very limited when compared to more sophisticated nontraditional investors. Therefore, with the sophisticated nontraditional investors, the opportunities are endless when compared to the traditional investors.
In conclusion, the purpose of this blog is for BMI Investment Capital to identify how traditional investors can bridge the communication gap with legitimate sellers and illustrate how a nontraditional investor is the key to dominating the RE investment industry. BMI Investment Capital views traditional investors as very rigid in design and difficult to work with. Also, traditional investors have their own protocol and can never conform to legitimate seller protocol. Furthermore, traditional Investors will never be as successful as they could be since they operate with a dinosaur type mentality, from which one day will also be an extinct species as well. On the other hand, nontraditional investors have a clear and a definite understanding of the big picture. The nontraditional investor understands their roles and has no problem adhering to strict protocol from legitimate sellers. Most importantly, nontraditional investors are the best buyer to work with since they operate with a high order of intelligence and flexibility. So, ask yourself, what type of investor are you? If you’re a nontraditional investor or a tradition investor that is ready for a change, than BMI Investment Capital would embrace the opportunity to work with you. Visit our core website: http://www.bminewbulkreoproperties.com/ or call us (800)903-5956
In all professional sports today, a championship team utilizes decisive strategies to accomplish victory. Although being victorious or being a winner is no easy walk in the park, it demands meticulous and precise actions. For example, when a football teams wins the super bowl championship, the team had to execute the right action(s) at the right time to achieve the ultimate victory. The purpose of this blog is to describe how RE professionals can meet the demands of buyer(s) and illustrate how applying certain operational management tools create the foundation for success. Therefore, BMI Investment Capital will share exclusive and useful insight on this particular topic to assist RE professionals with the closing of RE transaction(s).
With any successful organization(s), there is a specific system that is duplicated continuously that givens way to that organization(s) bottom-line. All fortune 500 companies use well designed but simplistic system that manage the operation of the business and guarantee a competitive edge within there given industry. With that said, BMI Investment Capital understands the critical role of operation and applies the core concepts of the best management practices. Planning, Organizing, Leading, Controlling, and Measuring is the ever flourishing operational blueprint that all successful organization(s) exercise. Ultimately, when an organization systemizes their operation using best management practices, this aligns the day- to-day tasks with the organization goals.
In conclusion, the purpose of this blog was to describe how RE professionals can meet the demands of buyer(s) and illustrate how applying certain operational management tools will create a solid foundation for success. BMI Investment Capital understands the value of a well designed system that is easily duplicated as the chief component that all successful organizations implement for success. Planning, Organizing, Leading, Controlling, and Measuring are exceptional tools to manage an effective system for the day-to-day operations of any business. Most importantly, the best recommendation to any new RE professional is to exercise common sense and close attention to details. In essence, when using these tools correctly, this will ensure the successful closing of any RE transaction(s). Visit our core website: http://www.bminewbulkreoproperties.com/ or call us (800)903-5956
Friday, May 21, 2010
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As stated by the 1st and only Viscount of St. Alban Francis Bacon, “Knowledge is power” and that is an imperative ingredient to becoming successful in the Real Estate industry. Whether he or she is a professional looking to pursue Real Estate as career, or just an investor, knowledge is the key to success. When a novice professional enters the Real Estate marketplace, it is essential not to wonder through blindly. Knowledge of real estate provides important business skills which may not have been realized as important for being successful in RE marketplace. Many people say, “that you don't need any experience when it comes to investing,” but this is simply not true. In today’s Bulk Sales Real Estate industry, many critics believe that it is chaotic, unregulated, and that it destroys the current market value on real estate across the country. When a high net worth investor purchases a one billion dollar bulk package at 29 cents of the dollar, that shocks the current Real Estate market and creates a devastating effect on the economy reported by some economists. As a result, the Treasury Department is implementing incentive programs for servicers to boost short sales, which will counteract bulk sale purchases.
As a Bulk REO Professional, there are many reasons that support how bulk purchases rejuvenate the real estate market in turn stimulating the economy. To have a clear understanding of the topic at hand, REO (Real Estate Owned) refers to properties, which have gone through the foreclosure process and the bank now owns the house. Moreover, REO is a class of property owned by a lender, usually a bank, after an unsuccessful sale at a foreclosure auction. Real Estate Owned Properties are properties that either were not sold at auction or were properties that the bank or lender accepted the deed of trust in lieu of foreclosing asset. Nevertheless, banks are in the business of lending, not in owning assets so banks want to get rid of these properties. Banks do not like being the owner of the property because it serves them with the additional expense and burden of paying the taxes and for being responsible for the upkeep and maintenance of the property. It used to be that properties would almost always sell, yet through bulk sale purchases of bad debt on balance sheet, a bank maintains strict compliance with FDIC.
In conclusion, a few novice bulk REO professional think that closing a one billion dollar bulk REO transaction is an everyday occurrence. However, they fail to think about the real implications of this. Honestly, stop and consider the amount of property this entails. Most neighborhood regional banks don’t have that many distressed assets in there portfolio. When it comes to real estate investing, there under the wrong impression that using words like ‘billion’ will attract more clients. A Bulk package over 100M rarely ever closes. On different token, there are a handful of smaller deals being closed, including a few by The Prestwick Mortgage Group in Alexandria, Va. It previously sold a 9 million portfolio of receivable from a Michigan lender. “We got the results we were looking for,” said company EVP George Chris to. “Maybe that’s the key to selling servicing now—Keep it small.” With that said, this is one of the best times in the history of America to take advantage of the foreclosure real estate market. These banks are overloaded with toxic loans that they need to unload, therefore investors are doing them a favor when investors purchase a real estate acquisition. So, take full advantage of this once in a lifetime opportunity to create wealth, prosperity and financial freedom. Ultimately, BMI Investment Capital is always looking to establish business relationship with motivated buyers and direct sellers of any bulk assets.
If you can shield any insight on subject, please do so.
sellers Website:http://www.stopsandiegoforeclosurestoday.com
Buyers website:http://www.freesandiegoforeclosuressite.com
Core Website: http://www.bmiinvestmentcapital.com
Bulk REO Website:http://bminewbulkreoproperties.com
Read more: http://www.articleintelligence.com; http://www.sdjsa.org; https://api.turnitin.com/viewGale.asp?r=73.6059949724595&svr=6&session-id=64bbedf27768b9fbc5ffd56b3459fe0e&lang=en_us&oid=67384732&key=8f83be9576fdf5ec05ed14b512174911; http://www.realtybargains.com/REOProperty.jsp;
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As defined by Webster’s dictionary, “ chaos is the utter state of confusion, a state of things in which chance is supreme.” In today’s Bulk REO industry, chaos is the best description of what BMI Investment Capital has experienced firsthand and what many RE professionals are presently experiencing. After spending countless hours amongst the chaos, BMI Investment Capital approaches this issue from a strategic nature and devised a solid solution to meet its clients demands. BMI Investment Capital has found that Asset Management Companies (AMC) are one of the best places to purchase Bulk REO assets and commercial distressed assets. AMC is a business that invests its client’s pooled funds into securities that match its declared financial strategic objectives. AMC’s offer their clients more diversification and investing options than they would have by themselves. In many cases, in order for financial institutions to stay in compliance with FDIC, they utilize a servicing company to handle REO foreclosures and commercial distressed assets. Banks often times use a successful AMC that has an effective asset-management business intertwined with best-practice implementation. As a result, this helps turn chaos into stability for banks.
Because top performing AMC have an effective management business model in place, banks primarily use AMC to service REO products. To demonstrate, a top performing AMC uses an effective business model that incorporates a service level agreement that ties performance-based decisions into productivity-based actions. An effective AMC business mold their core processes through support that is incorporated: (1) Life cycle strategy such as growth strategy, operating strategy, and new asset investment. (2) Asset strategy such as design and construction standards, asset monitoring, and GIS interfere support. (3) Investment management such as risk and integration, spending optimization and budget integration. (4) Work management such as core skills and competencies definition, resource scheduling and allocation, and project management. (5) Field services such as new business, corrective maintenance and engineering. (6) Operation such as restoration, dispatch, and emergency response planning. In order for a top performing asset company to manage all processes, they have a sophisticated checks and balance system that support the process. That is, a performance management infrastructure, technological strategy, and supply chain and strategic sourcing. The final part that aligns support processes together is the regulatory strategies and the labor strategies.
To illustrate, research has proven that banks use AMC to maintain the properties—to rekey, take possession of the home, cut the grass, and take the trash out rather than individual investors. For example, Nation REO is an AMC that has thousands of bank-owned properties, or REOs, under management. The company's customers, large mortgage lenders (including banks), private equity firms and servicers, rely on Nation REO to scale their businesses to disburse the growing number of bank-owned foreclosure properties. In essence, this AMC is very successful at what they do and banks turn to an AMC with established track records to keep them in business and in compliance with the FDIC.
In conclusion, if I am a CEO at bank and I am faced with the decision of eliminating thousands of foreclosures on the bank balance sheet because of possible takeover by the FDIC. I would use a top performing AMC that has comprehensive performance-management systems along with dashboard reporting to measure a variety of metrics that support corporate goals. The old axiom “what gets measured gets done” is true. However, that doesn’t change the fact of how chaotic and insane the bulk REO industry can be for many Bulk REO professionals. The wild goose chases, broker daisy chain, illegitimate buyers and non-direct sources for Bulk REO product distribution can be a frustrating and stressful experience. There is light at the end of the tunnel working smarter and not harder is a critical component to be successful in the Bulk REO industry. Therefore, BMI Investment Capital is always looking to establish more direct sources that can provide viable and tangible product for our high net worth clients.
Visit our core website: http://bminewbulkreoproperties.com/ or call us (800)903-5956
Monday, March 08, 2010
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A recent article in the Wall Street Journal entitled, "Don't Hold Your Breath on Fannie, Freddie Overhaul" caught my attention. The Obama administration plans to wait until next year to address the dilemma faced by Fannie Mae and Freddie Mac. Although last summer the White House promised to put out something when it released its budget proposal earlier this month, but their delayed actions failed to meet their promise made to the American people. Federal Reserve Chairman Ben Bernanke said, "Fannie and Freddie didn't have to be addressed this year," but added, "The sooner you get some clarity about where the ultimate objective is, the better." Because of the administration breaking its promise to put forward legislation on Fannie Mae and Freddie Mac this year, this has created more added pressure for the administration as a whole.
With the mortgage market's current arrangements, Treasury Secretary Tim Geithner argues all efforts are focused on cleaning up one of the greatest financial crisis since the Great Depression. With a huge workload on the administration plate, much attention is focused on the regulation of the financial services industry. At a congressional panel on Wednesday Mr. Geithner invoked the housing crisis as a motive against moving promptly on Fannie and Freddie. In some regard, proposing a drastic change at the present time could prove to be ineffective. What Congress and the White House believes, if the financial service industry stabilizes itself even more that will help to incorporate the necessary and needed changes to Fannie and Freddie. Ultimately, the administration is looking to design a plan in which the government plays more of a constructive role in supporting the housing markets rather than outlining a specific ownership structure for Fannie and Freddie.
In conclusion, the Administration is wise to tread carefully in dealing with the Freddie and Fannie structures. A $5.0 trillion gorilla is best dealt with cautiously since it took 40 years to grow and harvest these problems. Unfortunately, an overnight solution(s) will not effectively resolve these problems because it requires slow and careful dissecting from a strategic nature. In times such as this, the cerebral nature of the President's decision-making processes is extremely critical. These decisions may be among the most important he will make in his eight years in the White House. As a result, once someone with Volcker's wisdom devises and implements a strategic plan, then the nation and the world economies will benefit as a result.
If anyone can shield any light on this particular topic, feel free to comment on BMI Investment Capital blog site: http://www.bmirealestateblogsite.me/
Visit our core website: http://www.bmiinvestmentcapital.com, http://www.stopsandiegoforeclosurestoday.com/, http://www.freesandiegoforeclosuressite.com/
Reference link : http://blogs.wsj.com/developments/2010/02/25/dont-hold-your-breath-on-fannie-freddie-overhaul/tab/article/
Wednesday, February 24, 2010
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In today's Wall Street Journal, I read an article that stood out to me about one of the worlds most prestigious colleges. This article stated specifically how Harvard University is worth over $26 billion and how there seeking better investment opportunities. To do so, they plan to offload a chunk of its five billion real estate portfolio to reduce exposure in troubled real estate market. With two billion in property holding and three billion of those asset in future commitments, Harvard University's intends to sale only $500 million of its real estate portfolio. The reason being, Harvard University wants to free up more capital and set up its target to retain 51% ownership position in each of the real estate partnerships. Ultimately, Harvard University wants to diversify its investment portfolio and be capable of liquidating assets faster to reinvest into more advantageous investment in the future.
After reading this article, I began to ponder how and why Harvard University is just deciding to do a paradigm shift on its position within the real estate market. Even after surviving the likes of the first great depression in the earlier turn of the century, this organization has still made one of most common but harsh mistakes of being to over leverage. Some people like to call it, 'putting all your eggs into one basket.' Because of the lack of readiness for today's real estate market, this elite 374 year Ivy League organization has been drastically impacted. When an organization is deficient in its ability to do a timely paradigm shifted to stay more profitable, then there a very visible consequence of loss.
In today's American society, many American don't realize the value of that saying, "don't put all your eggs into one basket." For the average day American, they have the tendency to do the complete opposite and American put all there eggs into one basket. In fact, many people consider our biggest investment to be there homes and invest majority of there excessive capital right back into there homes. Based on today's worldly economic experiences, there seems to be something very wrong with this growing epidemic. I wonder if this type of behavior will continue to happen? In my opinion, it is similar to the perfect childhood example of somebody deciding to jump off a bridge to there death, and somebody else follows the same path and expecting a different result. Mind boggling to me and basically insanity at its pure is form. In essence, let us learn from the past failures of others by diversifying our portfolio for the present time and the immediate future.
If anyone can shield any light on this particular topic, feel free to comment on BMI Investment Capital blog site: http://www.bmirealestateblogsite.me/
Visit our core website: http://www.bmiinvestmentcapital.com, http://www.stopsandiegoforeclosurestoday.com/, http://www.freesandiegoforeclosuressite.com/
Referencehttp://online.wsj.com/article/SB10001424052748703798904575069861927920520.html?mod=rss_Education
Saturday, January 16, 2010
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Tuesday, December 15, 2009
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In the history of man-kind, human beings have implemented groups or teams to overcome the weaknesses of individuals. Collections of nomads in search of food and land, kingdoms composed of villagers and their leaders, native settlements, wagon trains and pioneers, the crews of ships—all were shaped with the idea that more could be accomplished together than by one person. Even Adam and Eve understood the importance of working together, as did the quasi-“alliance” on the CBS television show Survivor. Aside from gains in pure horsepower, as in the case of a ship’s crew, teams exist because only some individuals possess all the skills, knowledge, and abilities needed to complete all tasks. In essence, two heads are often better than one.
A team consist of two or more people who are consciously motivated to work together to accomplish a common goal, which in business tends to encompass improvements in processes and services, or products. A group develops into a team when members show a commitment to each other and to the end goal toward which they are working. In a team, there is an elevated degree of cohesiveness and accomplishment than in a group. Therefore, the benefits of a team can increase creativity, innovation and problem solving, higher quality decisions, improve communication, improve processes, increase quality, reduce turnover and absenteeism and increase employee morale.
Within many professional sports teams, I can find extraordinary examples of teamwork. Michael Jordan, one of the world’s greatest basketball players and author of the book, “I Can’t Accept Not Trying,” writes, “One thing I believe to the fullest is that if you think and achieve as a team, the individual accolades will take care of themselves. Talent wins games, but teamwork and intelligence win championships.” MJ says he will always remember that he was only one-fifth of the effort at any time. Staying with sports for a moment, consider the dissimilarities between a gymnastics team and a football team. In gymnastics, the members of a team may work collectively, but the ultimate achievement of a team is judged on the joint efforts of the individual gymnasts. A winning team has the highest combined score. On the other hand, in football a great quarterback is nothing without a great tight end, wide receiver, or offensive line that can keep him from getting sacked. A championship football team wins when all members work interdependently toward the same goal—passing and rushing their way toward touchdowns. In retrospect of the workplace, it is estimated that between 70 and 82 percent of U.S. companies utilizes the team concept, making teamwork skills one of the most necessary skills in the workplace. Many businesses are adopting a collaborative management practice that embraces the sharing of ideas and strategies throughout the corporation. As a result, this collaborative effort supplies many benefits to the corporation as well as to the employees who make up the teams.
Teaming is more than a buzzword or a phase. If it proven unsuccessful, corporations would dump this strategy or mechanism for getting work finished. In fact, there is much evidence that teams can be valuable, especially when tasks are complex and task interdependence is high. It is not always appropriate, of course, for work to be done in teams. But when a team structure is employed, and those teams work effectively, many benefits accrue to the corporation and to the team members themselves.
Email: bmiinvestmentcapital@gmail.com
Sellers Website: http://www.stopsandiegoforeclosurestoday.com
Buyers Website: http://www.freesandiegoforeclosuressite.com
Core Website: http://www.bmiinvestmentcapital.com
Monday, November 23, 2009
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“If only there were evil people somewhere insidiously committing evil deeds and it were
necessary only to separate them from the rest of us and destroy them. But the line dividing
good and evil cuts through the heart of every human being.”
Alexander Solzhenitsyn, The Gulag Archipelago
Ethics are many things, but they are also not many things. It is easier to first say what ethics are not: a fad; a political stance; or a religion. Ethics are also not something that can only be understood by highly intelligent people. Ethics are personal and, at the same time, a very public display of your attitudes and beliefs. It is because of ethical beliefs that we humans may act differently in different in situations. Ethics can and do shift, whether we are with family, at work, at a sports event, at a religious gathering, in a professional organization, with friends, or alone. The list is endless. The key to understanding my ethics is to understand my own belief systems. What do I believe and why? What people, readings, or events have led me to believe what is right and wrong? As I become more deeply rooted as a real estate investor wholesaler, I will be expected to understand and apply appropriate ethics in any given transaction. Ethical standards do vary, which is why I so often hear the phrase ‘situational ethics’ to describe how people justify their own shifts in ethical stances. Why ethical standards vary depends on a number of factors, including personal background, field of study, and the attitudes of other, respected people. A person’s ethics may also alter because he or she may or may not want to take responsibility for an issue or action. Usually, whether they realize it or not, an individual’s personal and professional ethics are built on a foundation of basic ethical theory.The great Greek philosopher Aristotle used ethics first as a standard of behavior (e.g., a code of ethics) and, secondly, as an area of study exploring the nature of morality:
· What is good?
· What is not good?
· Why do we think of it as good?
· Why do we think of it as not good?
This is the philosophical or theoretical use of the word ethics. It is this use of ethics that forms a major area of concern in many areas of society today. It is important that I root my ethics in an ethical theory so that I’m as consistent as possible in our decision making. I also need to realize that my personal and professional ethics may clash with the ethics of others, depending on their observation of the world and their own background or understanding of a situation. There are always ethical reasons to help me explain what I do and why. These ethical reasons can and often do help me in the decision-making process and in my actions. At the same time, I should recognize and honor the ethical decision-making processes of others that may be different from my own system. There are a couple of bits and pieces about ethics that may seem a little confusing. First, some people believe that ethics are legal and binding; however, ethics are not the same as laws. Things that are legal may not be ethical, and things that are ethical may not be legal. Examples: Capital punishment may be legal, but many people dispute the ethics of deliberately putting a person to death; it may be illegal to assist a felon, but many people could not stand by and not provide assistance if the person was critically injured and dying.
Second, I should always take in consideration in ethics there are no absolutes of right and wrong, no black and white answers. Ethical values have a broad range, which many people describe as varying shades of gray. That is why it is so important for me to discover my ethical stances. What do I believe and why? Can I justify my answers to myself? Many people use a Code of Ethics to help with intricate issues, but a code can generally only be used as a guidepost, not as an absolute answer to a specific issue. In essence, the real key to understanding ethics is to understand: what we believe, why we believe it, and how we act out those beliefs in all our lives.
Email: bmiinvestmentcapital@gmail.com
Sellers Website: http://www.stopsandiegoforeclosurestoday.com
Buyers Website: http://www.freesandiegoforeclosuressite.com
Core Website: http://www.bmiinvestmentcapital.com
Tuesday, November 17, 2009
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Even the most cautiously constructed plans can be turned upside down by change. The two approaches used to make change a manageable part of my life are to maintain flexibility and adjust my goals. These actions, are at the heart of my successful adjustment throughout life.
MAINTAIN FLEXIBILITY
The fear of change is as inevitable as change itself. When I become at ease with something, I tend to want it to stay the way it is, whether it is a place I reside at, a particular business market, or the racial and cultural mix of people with whom I interact. Change may seem to have negative effects, and consistency positive effects. I think about my life right now. What do I wish would always stay the same? What changes have upset me and thrown me off balance? I may have been faced with any number of changes in my life to date, many of them unexpected. All of these changes, whether they seem bad or good, cause a certain level of stress. As a result, they also cause a shift in my personal needs, which may lead to changing priorities.
Change Brings Different Needs
My needs can change from day to day, year to year, and situation to situation.
Although I may know about some changes—such as investor seminar starting—ahead of time, others may take me completely by surprise, such as real estate transaction that fall out of escrow. Even the different times of year bring different needs, for example, a need for extra money around the holidays or additional child care when my children are home for the summer. In fact, some changes that shift my needs happen within a week or even a day. For example, a bank asset manager may inform me that a family emergency came up and they have to leave town or my business partner and I may decide on additional goal to accomplish for the week. Such changes lead to new priorities.
Flexibility versus Inflexibility
When change affects my needs, flexibility will help me shift my priorities so that I can deal with those needs. I can react to change with either inflexibility or flexibility, each with its resulting effects.
● Inflexibility. Not acknowledging a shift in needs and circumstance can cause trouble. For example, if a real estate transaction fall out of escrow because of an error I made and I refuse to take courses to update my skills, ignoring the need to remain competitive in an ever-changing real estate market, I can drive myself into chronic under- or Bankruptcy.
● Flexibility. Being flexible means acknowledging the change, examining my different needs, and addressing them in any way I can. Discovering what change brings may help me uncover positive effects. For example, a loss of a real estate transaction, can lead me to reevaluate my abilities and look for a deals that suits me better. In other words, a crisis can create opportunity, and I may learn that I want to modify my goals in order to pursue it. In some situations, I need time before I react to a major change. When I do decide that I’m ready, being flexible will help me cope with the negative effects and benefit from the positive effects.
ADJUST YOUR GOALS
My changing life may result in the need to adjust goals accordingly. Sometimes goals must change because they weren’t appropriate in the first place. Some turn out to be unreachable; some don’t pose enough of a challenge; others maybe unhealthy for the goal setter or harmful to others.
Friday, November 13, 2009
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Time is one of the most precious and valuable resources. Everyone in the world has the same 24 hours in a day, every day. My responsibility and my potential for success lie in how I use my time. I can’t change how time passes, but I can spend it wisely by taking steps to achieve my goals. Efficient time management helps me accomplish my goals in a steady, step-by-step process. People have a variety of approaches to time management. My learning style can help me to understand how to use time. For example, a real estate investor with strong logical–mathematical intelligence and thinker types tend to organize activities within a framework of time. Because they stay aware of how long it takes them to do something or travel somewhere, they are usually punctual. By contrast, adventurer types and less logical learners with perhaps stronger visual or interpersonal intelligences may neglect details such as how much time they have to complete a task. They can often be late without meaning to be. Time management, like physical fitness, is a lifelong pursuit. Throughout my life, my ability to manage time will vary with my stress level, how busy I am, and other factors. Don’t expect perfection—Just do my best and keep working at it. Time management involves building a schedule, taking responsibility for how I spend my time, planning strategically, and being flexible.
BUILDING A SCHEDULE
Just as a road map helps me travel from place to place, a schedule is a time and-
activity map that helps me get from the beginning of the day (or week or month) to the end as smoothly as possible. Schedules help me gain control of my life in two ways: They designate segments of time for the fulfillment of my daily, weekly, monthly, and long-term goals, and they serve as a concrete reminder of tasks, events, due dates, responsibilities, and deadlines. Few moments are more stressful than suddenly realizing I have forgotten to submit an offer or show property to a client. Therefore, scheduling can help me avoid events like these.
Keep a Date Book
A date book, or planner, is indispensable for keeping track of my time. Paul Timm says, “Most time management experts agree that rule number one in a thoughtful planning process is: Use some form of a planner where you can write things down.” There are two major types of date books. The day-at-a-glance version dedicates a page to each day. Although it gives me adequate space to write the day’s activities, it’s harder to see what’s ahead. The week-at-a-glance book gives me a view of the week’s plans but has less room to write per day. If I write in depth daily plans, I might like the day-at-a-glance version. If I prefer to remind myself of plans ahead of time, I use the book that displays a week’s schedule all at once. In fact, another option is an electronic planner device—a compact minicomputer that can hold a large amount of information. I can use it to schedule my days and weeks, make to-do lists, and create and store an address book. I can also do this on my computer, using a program such as Microsoft Outlook.
Set Weekly and Daily Goals
The most ideal time management starts with the smallest tasks and builds to bigger ones. Setting short-term goals that tie in to my long-term goals lends the following benefits:
- Increased meaning for my daily activities
- Shaping my path toward the achievement of my long-term goals
- A sense of order and progress
Visit us and we can help you and we have a solution to every problem.
Email: bmiinvestmentcapital@gmail.com
Sellers Website: http://www.stopsandiegoforeclosurestoday.com
Buyers Website: http://www.freesandiegoforeclosuressite.com
Core Website: http://www.bmiinvestmentcapital.com
Wednesday, November 11, 2009
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A goal can be something as concrete as passing a midterm exam or as abstract as working to control ones temper. From major life decisions to the tiniest day-to-day activities, setting goals will help me define how I want to live and what I want to achieve. Paul Timm, an expert in self-management, feels that focus is a key ingredient in setting and achieving goals: “Focus adds power to our actions. If somebody threw a bucket of water on me, I’d get wet. . . . But if water was shot at me through a high-pressure nozzle, I might get injured. The only difference is focus.” I focus my goal-setting energy by placing goals in long-term and short-term time frames, evaluating goals in terms of my values, and exploring the different types of goals.
Setting Long-Term Goals
I establish the goals that have the largest scope first, the long-term goals that I aim to attain over a lengthy period of time, up to a few years or more.As a Real Estate Investor, I know what long-term goals are all about. I have set myself a goal to help as people as I can and earn a seven figure income yearly. Becoming a successful real estate investor is an admirable goal that often takes years to reach. Some long-term goals are lifelong, such as a goal to continually learn more in the Real Estate Industry. Others have a more definite end, such as a goal to complete a deal successfully. To determine my long-term goals, I think about what I want out of my professional, educational, and personal life. Long-term goals don’t have to be lifelong goals. I think about my long-term goals for the coming year. Considering what I want to accomplish in a year’s time will give me clarity, focus, and a sense of what needs to take place right away.
Setting Short-Term Goals
When I divide my long-term goals into smaller, manageable goals that I hope to accomplish within a relatively short time, I’m are setting short-term goals. Short-term goals narrow my focus, helping me to maintain the progress toward long-term goals. They are the steps that take me where I want to go. In the previous section you just read, I set long-term goals. In order to stay on track toward those goals, I may want to accomplish the short-term goals in the next coming six months. These same goals can be broken down into even smaller parts, such as one month. In addition to monthly goals, I may have short-term goals that extend for a week, a day, or even a few hours in a given day. When reviewing my long-term and short-term goals, I notice how all of my goals are linked to one another. Basically, my longterm goals establish a context for the short-term goals. In turn, my short-term goals make the long-term goals seem clearer and easier to reach. The whole system works to keep me on track.
LINKING GOALS WITH VALUES
At first I wasn’t sure how to start defining my goals, so I look to my values to guide me. My personal values are the principles or qualities that I consider important, right, or good. Values—for example, family togetherness, education, caring for others, worthwhile employment—are the beliefs that guide my choices. In essence, I set my goals based on what is important to me.
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Sellers Website: http://www.stopsandiegoforeclosurestoday.com
Buyers Website: http://www.freesandiegoforeclosuressite.com
Core Website: http://www.bmiinvestmentcapital.com
Thursday, October 29, 2009
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With the present economy, more and more people are finding it difficult to avoid foreclosure. In fact, millions of people have already lost their homes due to the recession. It is a terrible fate our nation is in, but it doesn’t need to come to a family losing their home.
Today, if homeowner’s educates themselves with the right knowledge, they can avoid foreclosure. There are four ways a homeowner can avoid or prevent foreclosure. First, it begins with talking with your lender. Keep your lender informed to changes in your household immediately. That gives your lender an opportunity to see if there is anything they can do for you to help lessen some of your financial hardship. They may be able to adjust your mortgage or work out better rates so that delinquency doesn’t become an issue.
Lenders offer basically four services they can help a person facing foreclosure: refinancing, loan modification, repayment plan, or short sale. One of the most common services used when facing difficulties is refinancing. Refinancing is when the borrower creates a new mortgage with a different lender getting a lower interest rate. The borrower pays off the old lender and many times consolidate other bills outstanding onto the new mortgage to make one payment at a lesser face value then the separate payments previously made.
A loan modification is another approach lenders may offer a borrower to help prevent or avoid foreclosure proceedings. A loan modification is when the lender reduces the monthly payment on the mortgage or interest rate to changes the balance. However, 86 percent of all loan modification go back into default statues.
Most importantly, the repayment plan is offered to a borrower only after they are in a delinquent status. The lender will take the past due portion of the loan and tag it on the end of the mortgage note. The other portion of the delinquent amount will be broken down into smaller increments and tagged on to future monthly payments. Typically, a lender will not consider this option if they feel that the borrowers situation will not allow them to maintain the agreement. It is generally only offered to those who have suffered a loss in income but are starting to get back on track. It would be fruitless to offer such an arrangement to a borrower if they were unemployed and did not see any prospect of change in their financial situation any time soon.
That brings me to the short sale, which means selling the house for less than the balance due on the mortgage in order to pay off the debt and avoid foreclosure and the ill effects it has on one’s credit. The current real estate market and the borrowers’ financial situation play a factor into the viability of this service.
If you’re a homeowner facing foreclosure or feel like the risk is there, talk to your lender to see what they are willing to work out with you. If you feel you received less then a fair response, contact us here at BMI Investment Capital and let us help you, save your home by stopping foreclosure.
Please contacts us for more detail on this particular topic
Email: bmiinvestmentcapital@gmail.com
Sellers Website: http://www.stopsandiegoforeclosurestoday.com
Buyers Website: http://www.freesandiegoforeclosuressite.com
Core Website: http://www.bmiinvestmentcapital.com