Archive for June, 2008

Published by John Hoff on 09 Jun 2008

How To Buy A House Like A Real Estate Investor: Part 7 - Knowing The Right Method To Buy Under

buying real estate
Know your options!
Image by thinkpanama

Real estate investors have a saying: “You make your money when you buy.”

If that’s true, you better know which options you have to buy under.

Buying a property using the correct method for your needs can reduce the amount of risk involved.

This is an important idea to remember that most people, not even Realtors, ever fully realize.

Buying under good terms often times outweigh buying at a reduced price.

That will probably be my opening line when it comes time to write that post.

In general, the greater the risk, the better your reward should be. But this doesn’t always have to be the case if you buy correctly.

Example How Buying Real Estate Correctly Reduces Risk

Let’s say you want to flip a property. You buy the house for $200,000 with terms of the seller will pay half your closing costs and you obtained 100% financing - so you don’t have to put any money down.

Published by John Hoff on 07 Jun 2008

Hack WordPress

hackwordpress.com

Found a great website for hacking up your WordPress blog.

I found it by doing a search on how to separate my trackbacks from user comments in my comment section.

Nothing sucks more than trying to read what other users have to say in comment sections (especially on popular articles) and I have to skip through all the trackbacks. It really interrupts the conversation - but, we still all love those incoming links.

Unfortunately, there are no plugins yet that do this automatically for you, or at least none that I have seen. You will actually have to get into your blog’s php code and add a few lines. It’s super easy. Just follow the step-by-step instructions shown on the site.

My suggestion is to make sure you back up your comments.php file by copying and pasting the original code into a text file. Then if you do something wrong, simply paste that old code back into the file.

Published by John Hoff on 06 Jun 2008

3 Sentences on Marketing

  1. Cost of leads = your marketing costs / the number of leads
  2. Gross margin = revenue - cost of goods
  3. Rate of return = profits / investment

Ok, so I cheated, they’re not sentences. But they are good to know.

Questions? Post’em in the comment section.

Like the Confucius way of learning? Subscribe to my blog.

Published by John Hoff on 03 Jun 2008

Gas Prices and Product Costs vs. Service Costs

Gas. Most of us need it. Some of us have it. Not everyone can afford it.

Hey, focus - this is a business blog, not a gastrointestinal blog. I’m talk’n the liquid stuff our cars run on ;)

Seriously though, lately every community here in the states have been experiencing rising gas prices which in turn causes the price of products to rise. Trust me, truckers aren’t going to take all the hit. If it costs $1000 more to get that product to your local grocery store, the freight company is going to pass that cost to the store who will in turn pass that cost on to you, the consumer.

costs over time

But do increases in your paycheck work the same?

Uh no, they most certainly do not.

This means you make the same amount of money but have to spend a whole hell of a lot more to drive, eat, drink, and well, live.

An interesting thing happens here.

« Prev