We all know how competitive real estate investing can be. With the housing crash and extremely low bank loan rates, most investors find real estate to be a lucrative business opportunity. But, while it is lucrative, the stiff competition can be tough on a new entrant in the business.

Adam Ginsberg, one of the foremost wealth building and internet entrepreneurship coaches spills the beans on how to get the most out of your real estate investments, even if you are a newbie.

Bean #1 - Find a Mentor

Entering a new industry without learning anything about it is akin to going in blind into a battle. You wouldn’t even know what hit you. Adam Ginsberg insists that you find a mentor who is experienced and successful in the business. Get your mentor to train you in the basics of real estate investing, like strategies on choosing which properties to buy, how to choose the areas to invest in, financing options etc. If your mentor is an old horse in the business, there’s a lot that you could learn just from their experiences. Meet with your mentor on a regular basis and share your own views and investment strategies to see if you are on the right track. 

Bean #2 – Always check under the hood

Real estate investing has a basic 3-step approach. Buy property, fix property, and sell property. Easy as it may sound, it’s far from that. If you get the first step wrong, you can say goodbye to any profits that you were hoping to make on the investment. Adam strongly recommends a detailed inspection of the property that you intend to invest in. It’s only after an inspection that you can figure out how much money you’ll end up spending in fixing the place up. And, if there’s some serious damage, like in the foundation or in the electrical and plumbing setup, you should steer clear of the property because it is going to cost a lot to fix and that your profits are going to be very low, unless of course you are getting the property really cheap and you think you can still extract a decent profit even after hefty repairs. 

Bean # 3 - Savings are Profit too

Once you’ve got a property inspected and you believe that you can sell it for a decent profit after fixing it up, the next step is to figure out who will renovate it for you. If you go to the market and hire a professional contractor, they will charge you the prevailing rates for the job. The trick here, as revealed by Adam Ginsberg is to minimize your spending to maximize your profit. One way to do that is to take on the renovation contract yourself and then subcontract the individual jobs to the related professionals. Another way to save on renovation costs would be to find a contractor in your circle of friends and family, who would be willing to offer you better rates than those whom you don’t know. Whatever approach you take, always ensure that you do not compromise on the quality of the renovation, because if your property does not pass inspection, you will not be able to sell it.

Adam Ginsberg is a wealth of experience when it comes to making money. You can find him online and also check out his secrets of an auction millionaire.

Real estate investing has proven to be a lucrative business opportunity over the last few years, especially with the housing crash in 2008. Adam Ginsberg, the pioneer in eBay entrepreneurship and a successful wealth building coach highly recommends real estate investment as a top business opportunity.

Here are three tips from Adam Ginsberg that will ensure maximum profitability from your investments in real estate.  

1.       Economize on renovation

For any property that you’ll have to fix it up before you sell it. Ginsberg suggests spending as little money on renovating as possible. That doesn’t mean you cut corners on the quality of renovation as that will do your reputation some serious harm. What Adam means is that you either renovate your property yourself or you use a contractor in your personal network of friends and family as they are bound to give you a much better deal than a contractor not personally known to you. 

2.       Partner up

Having a partner to invest with in real estate certainly helps. In Ginsberg’s opinion, having a partner who is experienced in the field saves you the time and money that you would’ve spent learning the craft, whether at a school or from your own mistakes. Secondly, a partner who invests money with you also allows you to diversify your investments in multiple properties rather than just one or two properties.

3.       Knowledge is power

You may be new in the real estate investment business but if you arm yourself with the knowledge of how the business works, you could be starting at par with many veterans with years of experience. Although it will take you a fair amount of time to gain practical experience, the right information and knowledge can certainly help cut down that time by a fair bit. Read newspapers, industry papers, get information on loans and mortgages from banks, get professional training on how the construction business works etc. No amount of knowledge is too much, so go ahead and soak up as much as possible.

Adam Ginsberg has many pearls of wisdom to offer as far as creating wealth and entrepreneurship are concerned. If you’d like to know learn more read Adam’s Secret of an Auction Millionaire or visit his website for resources on making money online.

Okay, so you took Adam Ginsberg’s advice and started your real estate investment business, and ended up making huge profits for yourself. Do you now find yourself loaded with money, lots of money, that you don’t know what to do with? Don’t worry! Adam Ginsberg has some useful advice on how to tackle that too. He is, after all, one of the prominent entrepreneurship and wealth building coaches that this generation has seen.

1.      Set a benchmark for your lifestyle

So, you have a few million greenbacks in the bank from your new found success in business venture. Are you now wondering how and where to spend it? Hold up and step back a bit. Adam Ginsberg says that it’s very easy to lose your way with new found money, and it’s just as important to plan how to manage your money as it is to earn it. The first step is to figure out the lifestyle that you want to live. The next step is to allocate a fixed percentage of your wealth to that lifestyle. For example, you end up with $5 million in your bank after expenses and taxes. Now you’d want to upgrade your lifestyle from say $200,000 a year to say $500,000 a year. That’s 10 % of your net worth. Do you think that you’d be able to maintain that lifestyle year after year, even if you don’t earn any more, or would you rather scale it down to $300,000 a year and make some smart investments with the rest?   

2.      Find the right wealth managers

Once you’ve got your lifestyle figured out, the next step is to find good reputable wealth management firm who can invest your money for you and get you some great returns on the investments. You wouldn’t want your hard earned money to just end up in some bad investments, now would you?

3.      Enjoy your wealth

What’s the point of earning all that wealth and not have the time to enjoy it? Adam says that enjoying your wealth is just as important as earning it. The enjoyment reaffirms your belief systems and keeps your positive attitude going for future successes. 

 

4.      Keep your feet on the ground

As much as enjoying your wealth is important, equally important is to keep your bearings about you. It’s very easy for new found success to go to your head, where you start feeling powerful and invincible, almost immortal. Don’t let that happen. Don’t treat your friends and family any different than you used to earlier. Sure, you can bestow lavish gifts on them, but don’t expect them to do the same for you, or be subservient to you in any way. Remember, true happiness lies in genuine relationships that you build over your lifetime.

Adam Ginsberg follows these principles in his personal life and to manage his wealth. You can do it too with a bit of discipline and self-control. For more help on the subject you can write to Adam and learn the secrets of the auction millionaire.

In these tough economic conditions, people are finding it more and more difficult to meet their financial goals with virtually stagnant incomes and soaring expenses. As it has been psychologically proven, people tend to put off long term savings in order to meet short term expenses. While we all know and understand the importance of saving for our future, especially for our retirement when there will be no paychecks to meet our daily expenses, we seldom stick to the plan of putting something away regularly for our golden years.

Adam Ginsberg, the renowned wealth building mentor and online business coach suggests automating our expenses and savings so that we do not falter in our long-term saving objectives. According to Ginsberg, here are some ways to automate our spending.

Contribute to a 401(k)

Build your retirement nest egg using a 401(K) account. Ginsberg suggests that a 401(K) is the least that you should be contributing to even if there is little else that you are doing in terms of savings. If your employer is offering a matching 401(K) contribution, that’s even better since that’s a bonus and extra money never hurt anyone.

Automate your Bill payments

Automating your bill payments on your credit or debit card ensures that you never fall behind on paying your bills for any reason, therefore avoiding late payment charges and penalties, and also earn reward points on your credit card, which you can accumulate and redeem later for rewards like air miles.

Manage your Accounts

Having an accounting software will do you a world of good in keeping track of your income and spending. There are many software packages available in the market and on the internet. If you browse around a bit harder, you may find some free ones too that you can use to manage your accounts.

Having all your accounting information in one place is great as it gives you a complete overview of where your finances stand and what steps you may need to take in order to meet some of your financial goals.

Adam Ginsberg is a leading entrepreneurship and wealth building coach and mentor who has helped thousands of people globally to achieve success through his eBay software and tools.

To know more about Adam and his secrets to making money online go here.

As the economy struggles, more and more people are turning to the internet looking for potential earning opportunities. According to Adam Ginsberg, the hugely successful eBay entrepreneur and internet marketing expert, eBay is by far the most popular e-commerce website owing to its popularity, profitability and its ever growing user base. Adam Ginsberg gives his valuable insight and advice on how to get started on eBay and make it extremely profitable for yourself.

Right Price

When selling on eBay, it is always a good idea to see what your competition is doing. If you see the completed listings of products similar to what you are selling, you will get a fair idea of the bidding trends and price variations on the products. Secondly, keep the reserve price of your item as low as possible to attract more and more bidders. Successful eBay sellers do this as they know that they will get a fair price by the time the bidding ends.

Right Time

The ending time for an auction is very important in order to attract more buyers. Research has shown that the best time to end an auction is between 6:30 PM and 10:30 PM as potential bidders are back from work and are unwinding for the day, of which the internet is a very important part.

Shipping Options

While selling your products on eBay, do a little research on what your competitors are offering shipping-wise. While many buyers may not bother too much about it, shipping costs could play an important role in selling your products. If your competitors are offering free shipping, then it may be wise for you to do the same; however, if you do have to charge for shipping, then you should start at a lower starting price for your auctions and clearly mention the shipping charges.

Photos Talk

A picture may be worth a thousand words, but the quality of the picture will determine the language. While it is very important to add pictures of your products, it is equally important to have accurate and properly lit pictures for your potential customers to get a feel of your product. So, investing in a good camera setup may not be a bad idea to get ahead in your eBay business.

These tips from Adam Ginsberg will help a great deal in achieving success in your eBay business as they are shared from his own extensive experience as a hugely successful eBay seller. If you have any experiences or tips of your own that you’d like to share with us, we’d love to hear from you. Write to us at the given email address.