The Power Of Real Estate
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Module 1: Mindset9 Lessons|1 Quiz
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Module 2: What do you want your money to do for you?6 Lessons|1 Quiz
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Module 3: Types of Real Estate Investments7 Lessons|1 Quiz
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Module 4: Resources11 Lessons|1 Quiz
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Module 5: Finance15 Lessons|1 Quiz
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Why You Need to Understand Real Estate Financing
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All Cash
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Conventional Mortgage
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Portfolio Lenders
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FHA Loans
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203k Loans
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HomePath Mortgages
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Owner Financing
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Hard money
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Private Money
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Home Equity Loans and Lines of Credit
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Partnerships
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Commercial Loans
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EIULS, Life Insurance, ROTH IRAs, and Other Sources
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Moving On
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Why You Need to Understand Real Estate Financing
Adopting the empowerment mindset for wealth
Adopting the empowerment mindset for wealth might mean various things to different people, but usually, it boils down to determination. You have to make a plan and carry it on. It’s important to determine how much of your money you can reasonably invest in an industry without going broke. You also need to reassess your plan as you lose or make money.
If you are doing well, try to invest more of your income in other valuable things. If not, you will need to cut back on some aspects. In the meantime, never take any shortcut that comes your way. These shortcuts and a steady business plan won’t work. Here are some strategies to help you create a business plan.
1. Set Goals
There’s no need to understand the big picture when you’re just getting started. Keep it easy and simple. Set 1 year goals. What would you want to accomplish throughout the first year of your business?
You can also have more goals as time passes by.
2. Decide on strategies
To achieve the goals you have set for the company, you have to choose certain strategies to put into practice. Personal development is important to your success. You’ll benefit from attending classes and discovering new strategies. Add your new found knowledge to your plan.
3. Summarize clear steps
Once you know the strategies to apply, find out the actual steps you need to take and note them down. You have to be clear about what needs to be done and when it should be done. By being clear on what you want to accomplish, it will modify your mindset. The more you think you can attain your goals, the more likely you’re to do the right actions.