Real Estate Investing Success

Real estate investing is a vast subject. There are as many real experts as there are self-proclaimed experts. A formal comprehensive discussion of real estate investing will not be attempted here. Not now, at least.

Real estate investing is not for the faint of heart. It takes dedicated and planned action. Compared to investing in stock, real estate investing is much more difficult to begin because of all the different players involved and the range of legal knowledge needed. There are ways though to simplify the process and make some great money.
In the latest edition of Entrepreneur Magazine there is a story about a beginning real estate investor who recently netted $245,000 in a period of six months. This is a good chunk of money and the amazing thing is that really anyone can do it.

There are innumerable possibilities when it comes to investing in real estate. From commercial to apartments to single family homes. You can buy and hold, renting them out. You can flip them. There are tax advantages and secrets. The savvy real estate investor can truly profit in major amounts in many different ways.

His story goes as follows. He ordered a $50/month prescription to RealtyTrac.com where he is able to get accurate information about pending foreclosures and pre-forclosures. He then one morning went to the court house for an auction. He ended up buying two properties well below market value that needed a little renovation. After completion of the renovation and a period to sell the house, six months had passed and his bank account was $245,000 larger. Incredible.

Stories like these are what get and keep me excited about real estate investing. I am still slowly searching for my first deal and as I go forward I love to read the experiences of others.

Do any of you have experience with real estate investing? Have you ever either lost or made a lot of money? Share with us your experiences so we can all learn and become better off because of it.

The Million Blog List

During my latest blogosphere travel I came across "The Million Blog List." This wiki is attempting to create a list of 1 Million blogs. I added Top Secret Riches (TSR) to the list at number 1795.

The list was created in April of 2008. It looks like as of late April there were about 100 new blogs per day. That obviously has decreased quite a bit. I think it would be a fun project to follow. With a little help we can get this list moving a bit more. It only takes about 2 minutes to add your blog to the list. So jump on over there and add yourself. Once you finish let us all know over here at TSR what number you are on the list so we can go check it out. If you already are on the list feel free to tell us what number you are on the list.

The FaceBook Effect

Fortune Magazine's senior editor, David Kirkpatrick, writes a wonderful article about how a CEO of a major corporation has implemented facebook within his 900 employees to increase productivity and get the company thinking into the future.

The article describes a powerful way employees can begin to interact, get to know each other better, and consequently work more collaboratively. First he "told all the employees it's OK on a Friday for everybody to goof off and spend an hour or two on Facebook." A majority of the employees have begun to use facebook, specifically 800 out of the 900 current employees. Later he describes that:

"He takes out his Blackberry, calls up the Facebook application there, and starts reading status updates for various employees. "Winding down and heading to the weekend," writes the Germany country boss. Comments Burton: "It's 10 p.m. there so I know he's working hard." The guy who won the award for top telesales rep in the first quarter "is listening to the Roots." The head of all company sales writes that he "is heading home from Europe." His profile photo shows him holding up a beer stein."

What a powerful tool for any CEO or manager. This definitely could be a trend. You know what someone should create a software that is specific for each individual company. So instead of being open to a whole community the profile user is only able to view people from within the company. Basically facebook, just limited to each company. Now that could sell!

Stock Pick: Blue Tooth Headset Companies

Connecticut, New Jersey, and New York already have a law in place restricting the use of a hand held cell phone while driving. When this law was passed "Mike Faith, chief executive of online retailer Headsets.com, said that sales increased by 35%." With that kind of increase what do you think happened to the stock prices of companies like Plantronic: they went up. Fortune magazine's article on this topic is very informative. You can check it out here.

Well, if you missed that surge another one is coming. On July 1, 2008 California and Washington will be joining the other 3 states making driving and talking on a hand held phone illegal. California being one of the tech savviest states and being one in which commuters drive long distances will greatly increase the blue tooth sales of hands free devices.

I currently live in California and I can tell you every 16 - 80 year old will get one of these devices. Everyone here is about technology. With the new law, even slow adapters to technology are being forced to buy. Look for Plantronics stock to surge over the next couple of weeks and even months as all Californians and Washingtonians head to Amazon and Walmart to pick up their favorite color blue tooth device.

Personally, though I lean more towards government staying out of our business this law is very interesting because of the direct effects it will have on consumer decisions and business growth. In my young life, I can't recall one law that ever forced me to go out and purchase technology. I wouldn't be surprised if some government official was getting some supplemental income to move this law quickly along. Would you?

Women Only Want Money

Forbes headline reads "Life After Work: They've given up the grind but that doesn't mean they're retired." The story goes on to tell about 7 different individuals and what they have done after retiring.

I figured this would be an interesting article because yesterday as I sat at an 8th grade graduation it got me thinking about maybe becoming an educator when I retire. Now I am just getting into the workforce so I still have some years ahead of me but I really love to plan and think about the future. So this article really caught my attention. Yet the first story is about an over priced match maker. Yes she retired from her day job and started her own business doing what she loved which is great, but her business perpetuates the old social norms that supposedly Hillary Clinton has broken through. You know, that glass ceiling that supposedly hangs so heavy over all the ambitious women in our country. Yeah that one.

Point in case, Mrs. Spindell has rich male only clients. They pay her $50,000 up front with a bonus for a resulting marriage. She then has over 12,000 women all hoping that they will get picked by some rich guy. She says she meets with 80 - 120 new women everyday. That is a lot of women who are willing to get hitched to a guy just because he is rich. To me that is ridiculous. Yeah, when it comes down to it there has got to be chemistry and I'm sure no rich guy is going to pick an unattractive lady, so you also have to be hot. Last year there were around 60,000 women in the work force. To think that about one fifth of them are willing to participate in match making because of the chance to be rich is somewhat astounding. What if it were the other way around. Men who lined up for the chance to marry a rich girl would be labeled as lazy and ridiculed.

In our day when women have all the opportunities in the world. When they can elevate to the highest statures of all ages; Why do so many of them choose to belittle themselves? Any ideas?

Coming to Terms with the New Gas Price

With the sun beating down into my car, I patiently waited for another commuter to finish pumping their gas so I could take my turn. As I pulled up to the pump my mind flashed back to the price I saw while turning into the gas station: $4.48. As I got out of my car and began pumping, I leaned up against my car trying not to look at my total bill increasing up and up and up. Finally, I gathered my courage, took the nozzle out and checked the total. Though not as high as many of you probably pay, the total price was the highest I have ever paid for gas.

Instead of getting upset or frustrated, I thought about all the people in Europe who are in a total up roar as they see their gas prices climb up close to 10 Euros. Now that would be something to be upset about! It got me thinking about how you and I can constructively and positively come to terms with the rices caused by the world supply and demand of gas. Here are my 5 top ways to deal with the gas prices.

1. Buy stock in the oil companies. This will help you to have net positive feelings about paying more money for gas.

2. Know you are being conservative. When you know there is nothing more you can do to soften the increasing gas bill you will be able to control your negative feelings.

3. Convert your car to run on cooking oil. Make friends with the owner of Chevy's and make a deal to collect all their grease at the end of every night. Just make sure it has cooled down.

4. Organize a gas stealing mob. If you can't beat them, steal from them.

5. Participate in a gas stealing mob.

Let us all know what you are doing to cope with the rising gas prices. Don't forget to sign up for FREE to get all the FREE updates from Top Secret Riches (TSR)

The Purpose of this Blog

There are many reasons to start a blog. Some people want to make money, others just want to share thoughts and personal feelings. Still others use blogging as a hobby. The purpose of this blog will be to inform you, the reader, of all the articles in finance magazines. It would be impossible to keep up with all the great information that is in each finance magazine. Let me then keep you up-to-date with all that is going on. With work, family, hobbies, and spouses it may seem like you are unable to consistently read the newest trends and analyze the latest advice. Fortunately for you, I will read all the magazines and together we can discuss, criticize, and implement their counsel.

The easiest way for you to stay informed will be to sign up for my FREE updates. You can choose to receive my latest posts through email or through the RSS reader of your choice. I personally use google reader to keep up with all the blogs I find informative. There are many different readers you can use and if you like you can just stick to receiving the latest posts from Top Secret Riches in your personal email account. Whatever you choose, I promise that you will never get junk mail from me, only the hottest, latest, and most informative information from the best Finance Magazines there are. Thank you for your support and make sure that your voice is heard here at Top Secret Riches the blog.