Tag Archives: much

Why All Investors need an Assistant

March 8, 2018   Fast Loan

Would you like more time, better performance, more success, less responsibility? These are just a few of the reasons to hire an assistant. I want to quickly show you how to easily identify items you can delegate to an assistant. I will let you be the judge on how helpful it will be to hire an assistant.

Let’s do a quick exercise. Compose the following 2 lists:

List all of the tasks you do for your real estate biz and how much time that takes
List all tasks that would help improve your biz and how much time they will take

Example Tasks: Total 40 hours
Write 5 blog entries – 3 hours
Maintain participation in forums, social media – 5 hours
Send out newsletter – 4 hours
Answer my emails and phone calls – 10 hours
Market to find 25 prospects and evaluate – 10 hours
Write 5 offers – 5 hours
Face to face meetings – 3 hours

Tasks to improve my biz:
Market to find and evaluate 25 more deals per week – 10 hours
Write 5 more offers per week – 5 hours
Network, social media, buyers lists, private money generation, build relationships – 10 hours

Now I would like you to look at these lists and ask yourself, “Could someone else help me with these tasks?” “Do I HAVE to do this?” I look at the example lists above and realize that all of them can be delegated to some degree. Some I need to make the final say, but that would only require about 20% of the allotted time to each task.

The key is to define a system and delegate every process and task in that system that you do not absolutely positively HAVE to be you. Of course I want to make the final decision on whether to write an offer. But I can delegate as much of the marketing and evaluation as possible so I can quickly be presented with the all the information and make a quick decision. An assistant can easily maintain social media, email and phone calls. Anything an assistant cannot handle is passed on to me/you.

After a few months, you can really improve these systems and delegate many tasks to an assistant. It is amazing how much time can be saved, business can grow, performance improves, etc. I highly recommend getting an assistant, even Virtual Assistants are a great resource in your success.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars. Visit our site

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Comparing Payday Loans To Personal Loans

January 21, 2018   Home Mortgage

Payday loans have, in many people’s eyes, a reputation as being an expensive form of credit. It’s certainly true that the imposition of a flat fee of 10% to 25% of the loan amount works out to be a very high APR when you take into account the short term nature of the loan, and although taking out a payday loan may actually work out to be cheaper than some other forms of finance such as long term credit card debt, the interest rate will still be much, much higher than that of a personal loan. So why do people take out payday loans if they’re so costly?

The first reason is simply speed. Many people resort to a wage advance when they literally don’t have any money left at the end of the month, and yet have bills to pay and food to buy. A payday loan can be arranged on the same day you apply, with the cash in your account the next day. A personal loan simply can’t compare to this – there will be complex forms to fill in, credit agreements to sign and return, credit checks to be carried out… the list goes on. When you need quick cash, a payday loan might well be the only answer.

Another advantage of these loans is the fact that you can borrow only a small amount if that is what you want, just enough to see you through your current cash flow problem. Most personal loans have a much higher minimum amount you need to borrow, and if you don’t need that much then you’re saddling yourself with unnecessary and unwanted debt.

A related point is that the repayment term of a payday loan is, by its very nature, a lot shorter. While the APR rate on a personal loan might appear to be much lower, by spreading the repayments over a longer term you may well end up paying more in interest overall. The combination of having to borrow a larger amount over a longer period is certain to cost more in the long run than taking out an advance of just the amount you need over as short a time frame as possible.

The final reason is that because of the way payday loans work, they’re very easy to be approved for. People with all kinds of credit ratings are likely to have their applications accepted, which is certainly not the case with other forms of finance.

No personal finance expert would recommend taking out a payday loan lightly, especially if you get into the situation of having to renew the loan every month, but taking the above advantages into consideration it’s easy to see why sometimes payday advances can actually be a perfectly prudent way of bridging a temporary financial gap.

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