Becoming a full time property rehabber is actually a very
easy process. So why do so many investors get it wrong, or
even worse, do nothing? Simple: NO BUSINESS PLAN!

Make no mistake about it: This is a business!. If you
invest time and capital with the aim of making a profit,
then you are in business, regardless of wether you purchase
one or fifty homes.

Before you commit a single dollar or a minute of your
time, you should step back and have a good think about what
it is that you want to achieve.

When developing your business plan, you may wish to
consider the following questions:

- How many renovations do you wish to complete in one year?
- Do you have sufficient capital/finance to achieve this
target?
- Will you sell for profit or hold?
- Do you wish to create an additional income stream?
Do you wish to do it as a full time job?

Why you need to write a business plan?

To plot the course

- To create the “big picture” - to recognise long term
direction and think about staying in business and not just
starting a business

To create a feasibility study

- Test the viability of your goals
- Is it going to be profitable
- What kind of financing will you need
- Recognise the barriers to your success

Become a better decision maker

- Anticipate problems
- The process of gathering information ahead of time will
allow you to make more informed decisions
- Your plan will provide you with an organised way to face
issues

For a reality check

- The plan will challenge some of your pre-conceived
assumptions
- Your plan will raise questions that will inspire
solutions before you need to face those problems
- It allows you to recognise what will be required of you
- Identifies your strengths and weaknesses and highlights
needed areas of assistance

Guide and measurement tool

The business plan will act as a guide throughout your
development and allow you to measure your progress against
planned expectations. You can make adjustments accordingly.

Your business plan should contain the following elements:

1. Executive Summary:
Include general information about your business; your
objectives; and your Start-Up details.

2. Market Analysis Summary:
Give a brief description of the market that you intend to
work in, and your acquisition strategy.

3. Implementation Plan:
Outlines your renovation strategy and process.

4. Sales Strategy.
5. Sales Projection
6. Projected Profits and/or Losses
7. Financial Plan.
8. Management Summary.
9. Important Assumptions.
10. Summary.

=================================

##Attn Ezine editors/Site owners##
Feel free to reprint this article in its entirety in your
ezine or on your site so long as you leave all links in
place, do not modify the content and include our resource
box as listed above.

If you do use the material please send us a note so we can
take a look. Thanks.

Feel free to substitute your affiliate link in place of
our link in the resource box.

Earn 50% on every purchase you refer.

Affiliate details are available here:
http://www.fastfixerupperprofits.com/affiliates.htm
==================================

bio = Sal Vannutini is a successful real estate investor and
author of the best selling “Fixer-Upper Fortunes”.
Free e-book and 6 Part mini-course reveals how to make a
fortune in real estate.
Visit: http://www.fastfixerupperprofits.com

Popularity: 8% [?]

Hoodia Gordonii is a weight loss supplement that promises to eliminate your desire to eat. This claim was backed up by a 60 minuets reporter who did a story about Hoodia and made the statement that after trying the diet pill his appetite was gone.

With millions of overweight people jumping from one diet fad to the next the thought of taking a pill to curb cravings might sound like a dream come true, but is there any truth to this Hoodia hype?

While pure Hoodia has been proven to stop you from wanting to eat there are literally hundreds of products claiming to contain this latest magic bullet in the battle against obesity. This might not mean much until you realize just how scarce Hoodia is. Consider that Hoodia Gordonii is only grown in certain parts of the desert, and after the recent media exposure there is no way for the supply to meet the demand.

What does this say for all those diet pills claiming to contain Hoodia? Well in means most of them are lying! In fact pure Hoodia is very expensive and hard to get so when you see the newest latest and greatest weight loss pill claiming to contain Hoodia odds are that there are only trace amounts that will have little or no effect.

What can you do to make sure your getting the highest quality Hoodia in your weight loss supplements?

Look at the list of ingredients and make sure Hoodia is the only one listed, and that there is at least 400mg.

If it’s $8.00 for a 2 month supply it’s not real Hoodia. Any diet pill made from 100% pure Hoodia is going to cost about $30-$45 for a month’s supply.

Go to the companies website and see where they’re getting there Hoodia from, look at any research they’ve conducted, and see if they have any certificates to back up their claims.

There are only a small handful of companies putting out quality Hoodia products, and hundreds trying to defraud consumers. Honest reviews of Hoodia products are hard to come by but one website that gives it to you straight is http://www.hoodia-gordonii-diet.com Where you’ll find honest reviews and no hidden agendas.

bio = The author has been making it known to the public all the dirty deeds of the diet pill industry

and operates the most controversial Hoodia site on the internet Hoodia Gordonii Diet Review

Popularity: 8% [?]

You’ve heard of `The 7 Deadly Sins’, well here’s a bit of a spin, but the consequences can be severe if you don’t take these into consideration, or keep your eyes open for lenders who could possibly be doing this.

Now, there are other more varied approaches that lenders can take, but I’d like to make you aware of the 3 more common ones.

1. When NOT To Sign Over Your Deed

Ok, here’s the situation, you’re having trouble paying your monthly payments with your current lender. They’ve stepped up the game and have gone as far as to threaten foreclosure on your home.

Worried, and not sure what to do, another lender approaches you, and offers to help you out by refinancing and helping you out in your `predicament’. But, because he can help you, he say’s as part of the formality, he needs you to assign your deed over to him, saying something like it will mean that your current lender will not be able to foreclose.

DO NOT DO THIS! Once the lender has your deed, the financing will likely not come through, and you’ll be left in a home you no longer own. The lender can then almost do whatever he wants, and will treat you as a tenant, not as an owner.

2. When NOT To Draw Down On Your Equity

You’re in need of some money. maybe you’ve hit some medical bills that weren’t expected. You’ve successfully built up a considerable amount of equity in your home over the years, and think that you’d like to use that.

A lender approaches you, and says they can do it, but even though you won’t be able to afford the higher monthly payments, they tell you to “just bump up your income a little” to make it get through, then worry about it after.

The problem with this is that you’ll likely lose your home. I’m not kidding, lenders like this don’t care if you can’t make the monthly payments, if you default, then they’ll just take your home and sell it and pocket the difference. Stay CLEAR of these people.

3. The Hidden Balloon Payment Clause

If you’re pressed for payments, and want to refinance, make sure you read the fine print of the contract. A lender might come to you and say that they can reduce your monthly payments and save you from foreclosure. That might be well and good, but in the fine print, you might find something that says that the balance of the principal amount is due at the END of the loan in one lump some payment.

If this is the case, be VERY careful, and don’t do this, you’ll likely face foreclosure anyway at the end of that loan.

I hope that this guide has been helpful for you, and opened your eyes to some possibilities that are out there.

bio = Thanks for taking the time to read this article. For more quality articles by Ron Treveli on Home Equity Loans be sure to visit www.home-equity-loan-guides.com where i’m constantly adding more content specifically on home equity loans.

Popularity: 8% [?]

Want to Win a Lot of Scholarship Money?

Beginning in junior high/ middle school is a great
time to start. I’m serious. A winning scholarship
effort always requires a plan. And assembling a
plan of action requires time.

After one of my talks a happy couple asked me “Why
do you think starting in the 8th grade is the
best time?” Before I could answer they said “We
are telling our children in the fifth grade to
start working on winning scholarship contests and
any other contests that we find out about.”

They Got Results! Before they left I discovered
their first child had already graduated from
college with 50% paid by scholarships only because
they got a late start; or it would have been 100%.
They weren’t going to make the same mistake with
their other student. I asked them what they
thought was the hardest part of a search. Their
answer surprised me. “NOTHING! There’s just a lot
to think about. We really didn’t have a plan then.
Now we do. And now that we have heard your College
Scholarship Plan we’re going to eliminate some
things and add others. We’re glad we came to the
your seminar”

I met a senior, we’ll call him “Jake” who was in
the top third of his class. His GPA was in the C+
B- range. I told him that many scholarships had C+
qualifications or higher. Jake was dumbfounded. He
thought all college scholarships were for the kids
with really high GPAs. Later, in a letter from
Jake, I learned had won a scholarship that would
enable him to go to college.

Scholarship Doctor Rule #1
Make sure that you are on the same page
with your student and regardless of GPA, if he/she
wants to attend college, it will happen. And
families can make it happen by talking abut it
early and openly.

Scholarship Doctor Rule #2
Start telling everyone you know about your
student’s college and scholarship intentions.
Broadcast it morning, noon, and night to friends,
relatives, and acquaintances. Do this not once or
twice but continuously from the 8th through 12th
grades. Serious efforts require drastic measures.

Scholarship Doctor Rule #3
Make it a goal for everyone in the family
to help your student win scholarships
and attend college.

Scholarship Doctor Rule #4
Give the student enough space and quiet
time to study.

Scholarship Doctor Rule #5
Be sure to offer continuous encouragement.

And never forget: The college scholarship effort
is truly a family affair.

bio = c2005 The Scholarship Doctor, Dale Clifton - All
Rights Reserved - Dale is an educational consultant and expert at helping families win college scholarships. To learn more about planning to win scholarships, visit http://ScholarshipDoctor.com

Popularity: 8% [?]