Cash Flow Management Tips – How to Quickly Create a Real Estate Empire Like Banks

You ever wonder why, if you drive through the heart of any major city, when you look up at the skyline, you will always find a bank’s name at the very top of the tallest of buildings? Right or wrong, banks and other lending institutions have always profited off of society’s lack of understanding “the financial savings and loan system” and cash flow management secrets to get out of debt, increase equity, build assets and create wealth for themselves.

For instance have you thought about how the banks borrow your money as it sits in your checking and savings account and pay you less than 3% for using your money as cash flow, yet you will go to that same bank and apply for a credit card and you pay 28% or more to use their money as cash flow?

You see, we have been conditioned to bank like consumers and not bank like the bank. We have been conditioned to:

1. Use accounts that don’t earn interest (Checking account is a prime example)

2. Make payments that are mostly interest (mortgages, credit card, closed end loans, etc.)

3. Letting our money sit in low to non-interest earning savings accounts (savings, money market, etc.)

4. Use credit cards in a crisis – nowadays credit cards are used as cash in non crisis situation

It appears to me that what we’re perpetually being schooled to do with our money is most beneficial for the financial institutions. They have their earnings in the forefront of their advice to their customers. You and only you have your own best concern at heart so it is imperative for you to make the effort to understand banking principles, cash flow management strategies and concepts so you can do what the banks do, not what they tell you to do.

If you managed the cash flow of your real estate investments to acquire assets and build wealth like the banks manage the cash flow of their investments to acquire assets and build wealth, do you think you can build and empire and put your name on the top of the tallest of buildings? Heck yeah!

Banks have always used real estate cash flow management strategies different than general public knowledge to get out of debt, increase equity, build assets, create wealth and build real estate empires. You can use these same strategies to harvest the same results.

But you must first cast aside the conditional thinking and consumer banking strategies you are so accustomed to practicing. Managing your real estate cash flow like a consumer will only get you minimal success – if any success is reached at all. To apply cash flow management secrets for maximum success, you have to throw away your consumer banking hat and put on your bank banking hat. In other words, in order to get out of debt, increase equity, build assets, create wealth and build a real estate empire your kid’s kids will enjoy, you must learn to bank like a bank.

Surprising Marketing Tips For Real Estate Agents Targeting Generation Y Homebuyers

Some real estate agents feel threatened by younger (“Generation Y”) home buyers. Granted, you may hit some speed bumps on your way to tapping this market, but don’t let that stop you. After all, Gen Y represents the new crop of home buyers and a tremendous economic force, regardless of overall economic conditions.

Take these tips to heart and you could be working in (and profiting from) this market, rather than shying away from it.

Generation Y refers to individuals born between the years of 1977 through 1995. Not only is this the Internet generation, this is the iPhone / “Internet in my pocket” generation. But don’t let that intimidate you. The fundamental rules of marketing still apply: Use the right medium to communicate the right message and you have the key to successfully targeting any audience.

The Right Medium for Targeting Gen-Y

So the first challenge is figuring out how to connect with the ├╝ber-connected. As it turns out, it can actually be easier to reach this audience because they are always connected. It just means you have to be connected too.

And here’s the great thing: real estate agents can reach Gen-Y’ers without mastering “Web 2.0” or becoming an Internet marketing guru. Instead, be strategic. Cherry pick a few new ways to reach this audience based on what will return the greatest payout. For example, take five minutes right now and create a free account on Facebook – a social networking website.

The Gen Y demographic communicates differently. Many avoid speaking on the phone to anyone except those in their inner circle. Yet they’ll chat for hours online, communicate via text message nonstop, and love accumulating connections on Facebook and similar sites.

Two simple Facebook tips:

  • Tip #1: If you have a potential client, add him or her to your network. This makes it super easy for the client to ask questions and allows you to initiate conversations in a medium where Gen Y’ers feel comfortable.
  • Tip #2: When you have a hot, new listing, update your Facebook “status” and mention it.

Social networking is not the only way to reach younger generations. Video is another great Internet marketing technique for quickly spreading the word about a new real estate listing to the Gen-Y market. This is where YouTube comes into play.

YouTube is as easy to use as it is to say. Simply create an account and post your real estate video tours for free. By posting video tours to YouTube, you’re again putting yourself where Gen-Y’ers are looking. Don’t know how to create a video? Post an ad on Craigslist and have a Gen-Y’er create the video for you or better yet, teach you. How’s that for really tapping a market!

Maybe even with these techniques you’re struggling to get exposure for your listings on the Internet. Here’s another simple solution: Promote your listings on specialty real estate sites. Warning – don’t plug and chug all of your listings into every site out there. Instead, strategically map out which listing sites would be a good fit for you and your market area, and then test the results.

The Right Message for Targeting Gen-Y

So by now I’m sure you can guess there is a second challenge. It’s not simply about “how” to communicate; it’s also about “what” to communicate. After all, the Internet is merely a means to reach your audience. Ultimately, it’s your message that needs to resonate and sell.

Start by understanding the target market. Think about which economic changes have impacted Gen-Yer’s the most. Saving for a down payment is harder today. With uncertainty in the market, increasing health care costs, outstanding college loans and overwhelming credit card debt, Gen-Y’ers find it tough to commit to a major decision between buying and renting.

Banks are cracking down with tougher rules too. Having to come up with a 5% or 10% down payment for example may seem feasible for some homebuyers at first. But when banks change that initial 5% or 10% to 15% or 20%, the task may be impossible for Gen-Y’ers who don’t have parents helping them.

Then again, parental involvement may be something you can expect. Parents of Gen-Y children tend to be more involved (some may even say “coddling”) than those of past generations.

Don’t shy away from these uncomfortable facts. Instead, consider addressing these concerns directly on your Web site. For example, you could include an article or calculator on “Should I rent or should I buy?” or advice on buying real estate with a parent. By being upfront with customers and providing valuable information, you’ll be seen as a resource and a trusted adviser. That way, whenever the person decides to buy, you’ll be on their mind.

With these tips, you now have what it takes to start selling to the Gen-Y market with confidence. Good luck!

Bal Harbour Condos: Exclusive Real Estate With Ocean Views and World-Class Shopping Options

Bal Harbour condos are one of the most outstanding real estate property options found within South Florida that caters to the high-end needs of people who are looking for absolute luxury within a truly sensational oceanfront setting.

An Exclusive Address

Bal Harbour condos are located within one of the region’s most exclusive villages. It is found upon the northern tip of Miami Beach where it rests along the coast of the Atlantic Ocean.

With a total land area of only 0.3 square miles, Bal Harbour remains to be a relatively small community with a total population of less than 3,500. Nevertheless, it is able to maintain a high quality lifestyle to people who are looking for an opulent oceanfront experience which is why it is one of the most highly sought after locations within the region.

Stunning Ocean Views

Living in an oceanfront setting is done best with today’s selection of Bal Harbour condos which provide people with stunning ocean views which can be seen right from the comfort of home. Since Bal Harbour condos usually have floor-to-ceiling glass windows along with vast private terraces, residents and guests are easily able to indulge in the majestic beauty of the Atlantic Ocean and the expansive horizon.

Of course, people who are looking into the option of living within an oceanfront setting in order to have the most spectacular views possible will find that choosing to purchase units on higher floors is sure to provide the best views.

World-Class Shopping

One of the reasons why so many wealthy individuals choose to Bal Harbour condos is the fact that these real estate property options are located within such close range of the world-class shopping center that is located right in the heart of the village. But aside from the convenience of living within minutes from the famous shops, many of the condos within the village provide residents and guests with shopping assistance which is a truly unique feature that no other real estate property option within the region is known to provide.

Superb Selection

Interested property buyers will be able to find a superb selection of options to choose from within the community. One of the newest options is the St Regis which was launched in January of 2012. People who would like to learn more about today’s selection of condos should get in touch with a professional real estate agent for more information.