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You've without doubt seen them or examine them. Glossy advertisements or four-color propagates in publications and magazines promising to teach you all of the juicy information about successful property investing. And all you need to do to learn every one of these real estate investing surface encounters chuck russo secrets is to pay a rather high sum for a one-or two-day seminar.




Often these slick real estate investing classes claim you could make wise, profitable real estate investments with absolutely no money straight down (except, of program, the hefty fee you purchase the workshop). Now, how attractive is that? Make a benefit from real est investments you made out of no money. Possible? Not probably.




Successful owning a home requires income. That's the character of any type of business or investment, especially property investing. You put your money into something that you hope and plan can make you more income.




Unfortunately not enough newbies for the world of property investing believe it's any magical type of business exactly where standard enterprise rules will not apply. Simply put, if you would like to stay in property investing for a lot more than, say, a evening or 2, then you are going to have to come up with money to make use of and commit.




While it could be true that buying real estate with simply no money down is simple, anyone that is even made a simple owning a home (such as buying their very own home) knows there's a lot more involved in real-estate investing that can cost you money. For instance, what concerning any necessary repairs?




So, the number 1 rule people a new comer to real est investing must remember is always to have available cash supplies. Before you determine to actually do any property investing, save some money. Having a little money in the bank when you begin real estate investing surface encounters chuck russo can help you make more profitable real estate investments in rental properties, for example.




When real-estate investing inside rental qualities, you'll want every single child select simply qualified tenants. If you might have no income when real estate investing in rental attributes, you could be pressured experience a much less qualified tenant since you need somebody to cover you money to be able to take care of fixes or lawyer fees.




For any kind of real property investing, meaning leasing properties or properties you buy to sell, having cash reserved can permit you to ask to get a higher value. You can require a increased price from your real estate investment because a person surface encounters chuck russo won't feel financially strapped as you wait for an offer. You won't be backed into a corner and forced to accept just any offer because you desperately need the money.




Another downfall of several new to property investing will be, well, greed. Make the profit, yes, but don't become thus greedy that you simply ask regarding ridiculous rental or second-hand rates on all of your real est investments.




Those new to real estate investing must see property investing as a business, NOT a hobby. Don't believe real estate investing will make you abundant overnight. What company does?




It takes about six months to decide if property investing in for you. If you might have decided which, hey I really like this, then give yourself a couple of years to truly start making money. It usually takes at least five years being truly prosperous in real-estate investing.




Persistence is the key in order to success in property investing. If you might have decided that property investing is perfect for you, surface encounters chuck russo keep plugging away at it and the rewards will be greater than you imagined.

It is very difficult to determine the sex of a pigeon. I used to keep pigeons as a kid so I’m good at it.

There are three ways to do it:

1 – Check their reproductive organs

Pigeons genitalia all look the same (they have ‘cloaca‘) so you will have to cut them open to actually see their reproductive organs. Not a very efficient method.

2 – See who goes on top

There isn’t much variation in the sex life of a pigeon. Males go on top. No Kama Sutra here. Fortunately all they do is eat and, ehm, reproduce. You won’t have to wait very long to see that happen. But you do need 2 pigeons and some patience.

3 – Look at their faces

Yes, pigeons have faces just like humans.

It takes years to be able to read the face of a pigeon. I kept pigeons as a kid so I can tell the sex of any pigeon just by looking at their faces for few seconds. Just like with most humans. Humans have the added benefit of clothing, hair and breasts. But even without that a face looks feminine or masculine.

Investors try to look under all those feathers but up close all excel sheets look the same. They try to see who goes on top but then you would have to wait until the entrepreneur meets an actual client.

But once you have met enough starting entrepreneurs one look at someones face is usually enough. You know what you have got and who is a good bet and who isn’t.

Just like with pigeons.

This is a variation of post I published in 2007. Photo credit: Igor Stevanovic via Shutterstock.

Warren Buffett just announced that he's making a landmark investment, $5 billion, in Bank of America.

Bank of America was facing a free-falling stock price and a number of criticisms, including that it did not have enough capital, and that its assets were not worth what it claimed.

Now thanks to Buffett, that will certainly change.

When similar investments were made in Citi and in Goldman Sachs, by Prince Alwaleed and Warren Buffett, in 1990 and 2008, respectively, the stocks experienced long term gains. 

And get this - he says he dreamt up the idea to invest in Bank of America in the bathtub on Tuesday. He liked it, so he called Moynihan on Wednesday morning. The entire story of how it happened is available in a video embedded below, as told to Becky Quick by Buffett.

The story (and the mental image) is amusing but also important - it suggests that the Obama Administration and/or the Treasury, did not have a hand in the agreement.

And to make it very clear that Treasury or Obama had no hand in the arrangement, which makes the news even better for Bank of America.

So does this - the deal is expensive for Buffett, and a good deal for Bank of America. He says in some ways, it's better than the deal he gave to Goldman Sachs in 2008.

But obviously, it's a great deal for Buffett.

Buffett's investment alone is now worth $700 million more than it was when he bought it.