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Funding Your Real Estate Business with a Self-Directed IRA

By Dr. Teresa R. Martin, Esq., REIA NYC Real estate investing is becoming an increasingly popular option for investors trying to save up for retirement. Not only does investing in real estate offer attractive potential returns, but it adds some real diversification and stability to investor portfolios. In fact, it's arguably one of the best “non-traditional” hedges around against asset volatility. The growing interest in r ..

3 Marketing Tips for New Real Estate Investors

By Dr. Teresa R. Martin, Esq., REIA NYC One thing that many new real estate investors struggle with is how to properly market their real estate investment business in order to generate more qualified leads. It's a problem that shouldn't be taken lightly either, because attracting and retaining targeted real estate buyers, sellers, and potential partners is a vital element in the success of your business. But before I go on, let me mak ..

Is Your Client List Profitable?

By: James Thompson, REIA NYC Director of Technology After the networking session, seminar or workshop is over, how do we as small business owners keep in touch with the leads interested in doing business with us? If “The Fortune is in the Follow Up!” and it take 8-12 contacts with one lead to convert the lead into a client, what do we do as small business owners with limited time and resources. We continuously attend events pr ..

What is the Best Structure for Your Business?

By Dr. Teresa R. Martin, Esq., REIA NYC One of the first things you need to do when starting a new business is deciding how it will be set up. Your decision will affect your tax status, will determine who has ownership in the business, and will delineate your personal liability if the business becomes heavily indebted or closes down in the future. In terms of business structure, there are basically three main categories: a sole proprieto ..

What to Include in Your Business Plan

By Dr. Teresa R. Martin, Esq., REIA NYC Whether you are trying to raise startup capital or you are in the process of expanding your business, writing a business plan should be your first move. The idea behind a business plan is pretty straight forward. It essentially is a written outline that evaluates and defines the major aspects of your business, including the proposed product or service, the targeted market, and the economi ..

Time Management (Part 2)

In the last segment we began our work on time management by stressing that time is our greatest resource. If you ask every business person for a self-assessment, almost all of them would reply: I need to manage my time better. This month we will become more specific by adding pointers that may help you conserve your most precious resource. Start Dealing With Priorities. Stephen Covey in his Seven Habits Series has indicated that our probl ..

Hiring an Assistant and Synergizing (Part II)

In the last segment we discussed the need for an assistant. Now it is time to move to the areas of recruitment, delegation and synergy. How do I go about hiring an assistant? First we need to determine what the assistant is going to be doing. This should be determined by a close look at your priorities as well as a look in the mirror. For example, in the accomplishment of your job, what do you like to do and what don’t you like to  ..

Need Help? Consider An Assistant (Part I)

One of the most important rules of synergy marketing is to determine which tools are more effective than others. An assistant can certainly be considered a tool. You may have the best marketing plan in the world, but if you are spending your day stuffing envelopes and do not have the time to speak to customers as a result, you are unlikely to achieve your goals. How can you tell if you need an assistant? If too much of your time is spent ..

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