10 Powerful Marketing Tips

As you may know, all of these incidents happened to me after I acquired 26 rental properties. In fact, sometimes all of these problems happened within the same month. Now, for awhile (when I had about 10 houses), if one person failed to pay rent, I could cover it with the nine other payments. But when two, three and sometimes even five tenants didn't pay in the same month, it was devastating to my business. With no income, I had the financial responsibility to pay $3,000 each month in mortgage payments. I also had to pay a property management firm to get my tenants paying their mortgages or evicting them.

In six months time, I had purchased eight houses - many with loans from the same wholesale lender. These lenders should have been concerned about all the debt I was creating, but they continued to approve loans based on my credit and rents that covered the mortgage payments. One of the biggest problems I did not notice was that the rents were often $50 to $100 above my mortgage payment.

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We don't get the full flavor of life without the bitter. The sun does not always shine. Sometimes there are storms. No one can escape the problems of daily life. If it doesn't happen sooner in life, it will happen later.

This is a tricky one. If you are dead set on conquering a certain market you could end up on a long and expensive journey that is doomed to failure. Do your research. While a niche market may seem appealing, only make sure that the niche is willing to spend money. Other markets, such Internet Marketing, are extremely busy. However, Internet Marketers spend money - which is a powerful human emotion. There are many of them.

The first year was a success, as the woman paid her bills on time and I received an additional $100 each month. But things fell apart later, when the house needed repairs. The woman couldn't afford them all, so I had the responsibility of paying for them. In just four years, nearly $5,000 was invested in the house. I didn't get back the money I put in when I finally was able to sell it.

You may find yourself in a common situation of not being prepared for the material you are reading. A little more knowledge at the base level is helpful, and you can put the material away until it is ready. Basic knowledge is not enough to make advanced topics understandable. Due to the vast scope of some subjects it might be hard to cover it in one product or course series.

You must constantly learn and software 3D expand your knowledge. Learning is essential. You won't be able to learn new skills or ideas if you don't.