Basic Technical Analysis For Forex Trading

Basic Technical Analysis For Forex Trading
If you are a forex trader, you are probably aware of the
monumental profit potential of trading the foreign exchange
market. Trading this huge market is really like trading
the global economy itself, and the huge profits come from
taking advantage of something called 'leverage.'

Let's say that you noticed that the real estate market in a
particular area was really booming, so you wanted to work
with a bank to acquire as many properties as possible in
this area. The bank told you that instead of paying for
all the homes yourself, you would only need to pay 1% and
the bank would pay the other 99%. Not bad, eh?

This is an example of leveraging money, and your forex
broker will allow to do the same thing while you are making
trades. The most common leverage level is 100:1 or 1%,
meaning that with $1,000 you could potentially trade up to
$100,000.

But all of this money is of no use if you do not know how
to place profitable trades, so today we will cover the
basics of a popular form of picking trade opportunities
called 'technical analysis,' as well as cover a few of the
most widely used technical indicators.

In technical analysis, we are only concerned with the
numbers. We are concerned with only the 'what' of the
exchange rate prices and not the 'why.' We do not care
about why the currency rate is at a new high or low, but
only about the steps that the price fluctuations took to
get there.

A good forex technical analyst can look at a chart of price
history and see potential trading opportunities, as well as
completely separate any emotions such as fear or greed from
said trading opportunities. This ability of looking at
your money without emotion can be very difficult to learn,
but it is really the key to successful technical analysis
and making profitable trades.

The three technical indicators we will cover today are
Moving Averages overlaid onto price data, the Relative
Strength Index, and Moving Average Convergence/Divergence.

First, let's talk about how these indicators will actually
look when they are set up on the chart. The moving average
itself will be on top of the candlesticks or bars that give
the price data, and the MACD and RSI will be below the
price data on a small separate graph.

The RSI will give you a good idea of the strength of a
certain trend, as well as the current overall volatility of
the market. This indicator will show you the 'relative
strength' (duh!) of the market at the present moment. In
setting your RSI indicator on your chart, two of the most
popular periods are 14 and 21.

What this whole 'time period' business means is that the
indicator will track back a certain number of bars or
candlesticks from the present one (14 or 21 in this case),
and the indicator will be based on that data. When the RSI
is at a high value (usually above 70), this can indicate
high volatility, and a good time to trade is when the RSI
is climbing.

Next, we will talk about moving averages, and there are two
different types: one that is one top of price data, and one
that is separate from price data.

Both indicators, simply called a moving average (on data)
or a MACD (off data), really try to tell you the same basic
thing, and that is whether or not the current price action
is significantly different from recent price action.

If the way the prices have been moving within the last hour
is much faster than how they have been moving earlier that
day (if you had maybe 30-minute bars or candlesticks), this
is definitely a potential trading opportunity.

To identify forex trading opportunities with a regular
moving average (you may want to try a period of 10-20 with
this), you will see the price data cross over the moving
average line and keep going in that same direction. This
shows you that this move is different from the way the
market has recently been moving, and can be a good chance
to make some money.

The MACD uses the same basic concept, but you have a
short-period and a long-period moving average instead of a
moving average overlaid on price data. The CD in MACD
stands for convergence/divergence, and this indicator will
show you short-term price action compared with long-term
price action.

The periods of each moving average on the MACD are
generally 12 and 26, and the same basic concept applies:
if short-term action is significantly different from long
term action (divergence in the two averages), this can be a
profitable trading opportunity.

----------------------------------------------------
Online forex trading can be a very profitable business, but
many more people lose money in forex than those who make
money simply because they do not know how to trade
properly. Put yourself in the profitable minority, and go
to http://www.Forex-Prosperity.com to find out how you can
build your fortune in forex.

New Real Estate Investors - Stop worrying! Start Networking!

New Real Estate Investors - Stop worrying! Start Networking!
So you've decided to invest in Real Estate? Have you built
your Team yet? Do you realize the importance of a Network?
Does any of this sound the least bit familiar? Do you
know who you are going to call when you have questions?

It's early Saturday morning and you're Driving for Dollars.
You've decided that you're not going back home until you
find at least 10 run down/vacant looking properties. Once
you locate them, you write down the address, jot down a few
notes and snap a couple of pictures.

Now you're on your way back home and you're dreaming the
perfect scenario. You will find the owners and will call
them right away. You will follow your script (knowing
exactly what to say) to check their motivation. The call
will go smoothly, you feel confident and you'll offer to
buy their house for 50% of the market value and they'll say
yes! Awesome!

So you get home, hop on the internet to first check your
email and then the distractions kick in and you start
internet surfing. One site then another...you have lost
your focus. Then you get hungry and get a snack. A few
minutes later a family member has a question. Now your
getting tired and make some coffee.

After coffee you swear you're going to re-focus. Back to
the computer, check your email, surf around, etc. Now you
realize you only have 30 minutes until you have to get
ready to go out for the evening so you quickly pull up the
online tax records, find the owners and look up their phone
numbers. Sunday comes and goes without getting back to
anything real estate related.

It's now Monday morning and you're on your way to work and
are beating yourself up because you didn't make one phone
call. And the worst part about it is that you have no clue
why???

Maybe you're not making offers because you don't want
someone to say "yes"? Sound crazy? Think about
it....honestly.

Are you a New Real Estate Investor who is not making offers
because you have no idea what you are going to do if an
owner actually says "yes" they want to sell?

Stop worrying! Start Networking! Once you have Real
Estate Investing colleagues, finding the money and/or
finding someone to assign a contract to is even easier than
finding deals!

No Real Estate Investor does this alone, especially in the
beginning. Networking is key. Join a Real Estate
Investment Group or Association, read and post on message
boards, read and contribute to Real Estate Forums. Educate
yourself.

----------------------------------------------------
Chris Parks is a Real Estate Investor who has been involved
in Real Estate in one capacity or another since the mid
1980s. As a member of a small group of Real Estate
Investors & Entrepreneurs, and always having the knack for
explaining Real Estate Basics in an easy to understand
manner, Chris created REI for Newbies in order to teach &
assist new Real Estate Investors in a step-by-step,
easy-to-understand manner. http://www.REIforNewbies.com

Why Would You Want To Refinance Your Auto Loan?

Why Would You Want To Refinance Your Auto Loan?
You may not have considered refinancing your auto loan.
Perhaps you have only a year or less before your current
car loan is paid off, or you are satisfied with your
current interest rate. Auto loan refinancing may still be
a viable option for you; here are some situations where it
might benefit you to refinance your auto loan.

The longer repayment time you have left on your current
auto loan, the more savings you will realize by refinancing
your loan at a lower interest rate. Assume you borrowed
$15,000 on your current auto loan for 60 months with an
interest rate of 10%. Your monthly payment would be about
$319. After paying on the loan for one year, the remaining
balance would be approximately $12,566. If you refinanced
the balance for 48 months with an interest rate of 8%, you
would lower your monthly payment to around $307 while not
changing the payoff time of your loan.

If, however, you want to lower your monthly payments
dramatically, the answer is not only to try to get a lower
interest rate on your auto refinance loan, but also to
extend your repayment time. If you take the balance of
$12,566, and amortize it over 60 months with an interest
rate of 8%, you would lower your payments to $255 per month.

What if you only have 2 years left on your auto loan?
Using the above example, at this point you would have a
balance on your loan of about $6907. You could refinance
for 24 months, lowering your payments to $312; probably not
even worth your time. Even if you were able to get an
interest rate of 6%, you would only lower your monthly car
payment to $306 - still nothing to get excited about. Take
the loan and refinance it at 8% for 36 months, and your
monthly payment drops to $216, a much more substantial
reduction of your monthly payments.

Assume that you have been making car payments on a 72 month
loan with a 14% interest rate and a beginning balance of
$15000, for a year. Your monthly payments are $309, and
your remaining balance is $13,079. You refinance the loan
for 60 months, not changing your payoff time, but this time
you are able to obtain an 8% interest rates. Your monthly
payment drops to $269 per month. If you continued to make
the same payments of $309 as before, then you would shave
nine months off the payoff time of your loan.

Once you have defined your objectives in refinancing your
car loan, you can begin shopping for auto loan refinancing
quotes. There are many lenders who offer free online
quotes, though you may have to provide some personal
information to determine what kind of interest rate you
qualify for, and if your credit and income level are
sufficient to obtain the amount of credit you are seeking.

Compare several auto loan companies online to get an idea
of what you can expect in the way of interest rates and
terms. Before settling on a lender, read the fine print and
beware of any hidden fees. If you don't already know your
FICO score, order a free copy of your credit history report
from the three major credit reporting bureaus, and make
sure all items on the credit reports are accurate. Choose
a reputable lender that offers you the best interest rate
and a payoff time that you find acceptable. An auto
refinance loan is a practical way to save money, pay off
your debt more quickly, and lower your monthly car payment.

----------------------------------------------------
Gregg Pennington writes articles on a number of topics
including auto loans, loan consolidation, credit and debt.
For more information about auto loans visit:

http://www.onlinemoneysources.net/auto-loans.html

An Introduction To Trading Penny Stocks

An Introduction To Trading Penny Stocks
What is a penny stock ? There is no official definition.
Some say any stock under two dollars, some say under five
dollars. I call a penny stock any stock that trades under
one dollar. A sub-penny stock is any stock that trades
under one penny. (.001-.01) A sub-sub penny stock or super
sub are those stocks trading in the .0001-.0009 range or
hundredth of one penny.

There are different markets that penny stocks trade on. The
OTC Bulletin (OTC-BB), over the counter (OTC) and pink
sheets markets here in the USA. In Canada there is the TSE
and TSE Venture Exchanges. There is also the NASDAQ small
Cap Market. The shares on this exchange are one dollar and
up so are not penny stocks by my definition. Also there is
the American Stock Exchange (AMEX) .The NASDAQ and AMEX are
the safest with reporting requirements that enables
investors to have access to the companies financial
filings. Pink Sheets are the most risky with no reporting
requirements .Sometimes they even gag the transfer agent so
you can't even find out the share structure, (bad sign).
Yet these risky, pink sheet stocks give you incredible
leverage. Most if not all of the super subs are pink
sheets. The super subs give you the most bang for your
buck. I look at it this way, the leverage you get with the
super subs makes up for them being more risky.I would not
call it investing with pink sheets, actually it is
speculation. With short term penny stock trading, it's all
timing. You can make money buying the worst companies at
the right time and money can be lost buying even the best
companies at the wrong time. Actually I need to say buying
and SELLING at the right time will make you money. I've
heard it said that 80% of a successful trade is in selling
at the right time.

Why trade penny stocks

Penny stocks can make you very wealthy in one to three
years if you learn how the game is played. You may have
heard investing in penny stocks is risky. Yes, it is risky
, High risk/high reward. Do not trade with money that will
destroy you if you loose it. So why do it if it is risky?
The number one reason is leverage.It is simple math.
Because the price is so low you can buy millions, hundreds
of millions, even billions of shares. At the lowest price
of .0001 you can buy a million shares for $100.00 and
hundred million shares for $10,000.00.If the price goes to
one penny you have made one hundred times your money. Your
$100.00 is now $10,000.00 and your $10,000.00 is now
$1,000.000.00 .Yes now you have one million dollars. Does
this happen? Yes it does!

Huge moves like that don't happen every day. When a stock
goes up to ten times your money it is called a ten bagger,
five times a five bagger. Ten thousand dollars put into a
ten bagger is one hundred thousand dollars put that into
another ten bagger and you have a million dollars. If you
don't have ten thousand to start out you would still have a
million starting with one thousand dollars if you had three
ten baggers instead of two in the previous example This is
not to say you can't loose money. You can! These are just
examples to open your mind to the power of super leverage.
The beauty of trading penny stocks is you can work from
home or from anywhere that has a internet connection. All
you need is a computer( I use a laptop), a internet
connection, a on-line broker and some money to start. How
much do you need to start? It depends on your situation. It
is best to start small until you have gained some
experience.

The people that I see that make the really big money in
penny stocks have a considerable amount of money that they
are trading with. The old saying, "it takes money to make
money" is true. It is all about liquidity. These stocks are
so volatile the only way to play them is trade them. When
you start with a small amount of money in your trading
account, it is very easy to get wiped out to nothing. It's
happened to me more times then I want to admit. After
getting wiped out but seeing that penny stocks have the
very real potential of making millions I started looking
for a way to generate a large amount of money to trade
with. I found an online marketing business called Wealthy
Marketer that I am using to create the trading capital I
need. This online business pulls in $900 per sale instantly
and creates unlimited passive income streams. It is a
perfect complement to trading penny stocks as it gives me
the liquidity I need and is a automated online system that
does 98% of the work for you.

----------------------------------------------------
Jeff Goodman is a Coach for Abundant Wealth. He is looking
for people who can envision creating a six figure income
with a automated online business. If you would like more
information on trading penny stocks or on this online
business you can email me at: abundantcashflow@gmail.com
http://www.wealthymarketer8.com

Greek Real Estate Is No Holiday!

Greek Real Estate Is No Holiday!
Think of Greece and you will probably have thoughts of hot
Greek Islands and cities full of archaeological sites and
monuments. It is a visitors paradise so you may be mistaken
in thinking that investment property in Greece would
revolve purely around holiday rentals. It is true that
these are in strong demand for overseas investors but
Greece has so much more to offer the savvy real estate
investor.

The Greek real estate market saw a boom in the past several
years focused on the 2004 Olympic Games and its aftermath
in 2005. Significant investment went into infrastructure in
Athens and around the country for the games, and
international property investors benefited. Since then the
property market has stabilized and seen moderate growth in
the first part of 2007. The market is mature and annual
property returns are estimated to range from 5-10% for the
next few years, according to the Hellenic Center for
Investment. The Greek economy has grown substantially
recently, with a 4.3% growth rate in the GDP in 2006 and
just over 4% for 2007 said the Bank of Greece in its most
recent interim report.

The real estate market for international investors in
Greece is focused on the two major cities, Athens and
Thessaloniki, and the major holiday resorts. In the past
several years these two cities have seen quite a bit of
growth and there are many properties available.

Up and coming is commercial property in Greece and
especially Athens. Buy To Let property is low priced and
can provide a monthly income. How long prices before for
Greek real estate prices join the rest of Europe is hard to
tell.

One new phenomenon in Greece is the mall, with the first
one opened in just 2005 in Thessaloniki. Athens saw its
first mall, The Mall Athens, open in October, 2005. The
mall is helping to spur development in non-traditional
areas, such as suburbs and the edges of the large cities.
Traditionally, Greeks have focused on downtown and main
street shopping areas, which has concentrated growth in
these areas. With the expected development of up to 10
malls in the next few years, property investors are
starting to expand their horizons.

Greece is very popular for holiday travelers and resorts.
This means that the popular vacation spots are also prime
real estate investment locations. On the western side of
Greece in the Ionion Sea is the island of Corfu, one of the
most popular locations in Greece for international
travelers. There are a number of resorts with units for
sale and rent and there are also plenty of individual
homes, such as these two.

The island of Crete is quickly becoming a popular place for
resort development, particularly the western end around
Chania. The Aegean Sea also has plenty of islands and
resorts places to find an idyllic beach and vacation home.
Rhodes, Samnos, Kos and Andros are just a few of the
hundreds of islands where one can find a second home or
vacation resort.

----------------------------------------------------
Author Nicholas Marr has written hundreds of articles
concerning international real estate , he is the Chief
Executive Officer of Marr International Ltd the company
behind overseas property portal at
http://www.homesgofast.com/home/Greece/

7 Lead Sources To Make Your Marketing Plan Complete

7 Lead Sources To Make Your Marketing Plan Complete
Do you need a chunk of cash, like ... soon?

Quick-turning single family homes is an excellent way to
generate four and five figure paychecks within thirty to
sixty days. Great stuff! The key to it working though is
buying cheap.

The cheaper you buy the house, the hotter the deal is, the
quicker your retail investor wants to close, the sooner you
get paid. So, how can you generate a steady flow of
motivated sellers calling you with houses you can buy
cheap, cheap, cheap, you can quick-turn for quick cash.

The first thing to do is think about is who is going to be
motivated enough to sell their house as cheap as I want to
buy it. By far the biggest motivator for selling cheap is
vacancy. When a house is vacant it costs the owner money
and it deteriorates in value every month it is not occupied.

Another motivator is the house being in bad condition. Poor
condition takes the house out of the general retail market
and severely reduces the potential buyer pool. If no-one
want the house the price must come down.

Next, draw up a marketing plan for the lead sources you can
tap that will produce owners of vacant homes in poor
condition. It doesn't have to be slick or sophisticated, a
yellow pad is fine. Simply list out the lead sources you
are going to use, and next to each lead source put a
deadline for having them implemented and producing leads.

Here are 7 lead sources for houses you can quick-turn to
generate quick cash.

1) Banks: These are the ultimate motivated sellers. Their
charter with the government requires them to keep
properties they take back at a low level, so they are
constantly trying to move REO property off their books. You
could say that banks are junker factories. Their whole
process just produces vacant, ugly houses you can
quick-turn. The foreclosure process causes neglect and
sometimes willful damage from the original owner. The
bureaucratic processes once the bank owns the property
means it is sitting vacant for months, being neglected,
often vandalized. Then it is listed by a realtor who prices
it unrealistically high, and it sits vacant for another six
months, continuing to deteriorate. If retail buyers even
look at it they quickly eliminate it from consideration,
realizing it requires more work to be livable than they are
willing to do. So the property sits on the market even
longer, vacant, deteriorating more, and finally comes to
the notice of investors.

2) Realtors: For a start, almost all banks have their
properties available through realtors, so if you want to
make offers on bank owned property you have to team up with
a good realtor. But (good) realtors are also highly
networked and are constantly working to achieve the
hallowed status of generating 100% of their business
through referrals. This comes from them having high
integrity and delivering on their word. Developing a
relationship with a good realtor results in a steady stream
of junker listings, from all types of sellers, not just
banks.

3) Flyers: After working with a good realtor and making
offers it won't be long before you identify the areas of
town where most "deals" are located. Once you have defined
this area, call it "Junkerville", you can now focus on it
because it will provide the highest return on your time and
advertising dollars invested. Your goal for Junkerville is
to achieve "top-of-mind awareness" with all it's residents
and extract every opportunity that comes up. You want to be
a household name in this area with your name associated to
'buying quick for cash' in everyone's mind. One of the best
ways to flush out motivated sellers in Junkerville is with
flyers. Use flyer distribution companies to put your flyer
on every door in the target area. Use college students if
no distribution companies exist in your town. A flyer drop
once a month is good, twice a month is better.

4) Signs: Signs are a powerful tool for generating
leadflow. Now that you have identified Junkerville, put
signs high up on telephone poles in the high traffic areas.
Gold 12 x 18 coroplast signs with horizontal ribbing are
best.

5) Classified Ads: Locate the local newspaper (probably a
weekly) that is distributed in Junkerville and place a
classified ad in this publication. Use the ad copy, Quick
Cash for your house. Any condition. Call Now: xxx-xxx-xxxx,
all bolded. Make it a five line ad rather than a three line
ad with the top line and the bottom line empty, so your ad
stands out. Local papers have cheaper rates so cost for
this should not be an issue. You may be surprised to find
you are the only quick-turn entrepreneur advertising there.
Resist the urge to advertise in large daily papers that
are distributed all over the city and more expensive

6) Display Ads: Place a 3 x 2 display ad in the local paper
servicing the Junkerville area. The best display ads are in
an editorial format that makes it look like one of the
stories published by the paper. Use a powerful,
benefit-telegraphic headline and do your utmost to have the
ad placed in the top right corner of the right hand page as
close to the front of the paper as possible.

7) Postcards: Direct mail is a very useful tool for lead
generation because it allows you to target so precisely.
Postcards are very effective direct mail pieces because
they are cheap and don't require opening. They are ideal
for delivering the message of 'Quick Cash for your house.'
There are two ways to use postcards to generate quick-turn
deals:

i) Saturation mailing within Junkerville to flush out
motivated sellers. Call the Postmaster at your local post
office to find out the zip code and carrier routes within
Junkerville. The call your title company and get them to
generate a list of all of the names and addresses for
houses within those zip/carrier routes (use a list broker
if your title company won't provide this for you). Send the
list and the postcard template to a mailing service to
print and apply the mailing. If you trust the mailing
service vendor, let him deliver the batch to the post
office, if not, pick up the completed postcards, check they
are all there and post them yourself.

ii) Targeted mailing to foreclosures outside of
Junkerville. Preforeclosure is a hotly contested area so it
pays to target more precisely to a specialized niche so you
can appeal directly to their special problem with your
mailing piece. The easiest way to create equity in deals
you can quick-turn is to target houses with big seconds in
default. The sellers are unable to sell because they have
no equity, sometimes negative equity, the lenders holding
the 2nds are in a no-win situation, about to be foreclosed
off and losing their entire investment. These are
relatively easy deals to negotiate. Get your title company
to generate the list for you (hire a student to go to the
Clerk's Office daily to compile the day's filings for you
if your title company won't give you the list) then mail
them weekly until the foreclosure sale.

Putting all of these lead sources into play will generate a
steady, if not overwhelming, flow of highly motivated
sellers calling you every day. Once you have this leadflow
coming in it's important to adopt a mindset of "next".
Don't get hung up on any one seller.

If they are hot, they're hot. They want out, you buy cheap,
quick-turn, get paid. If they're not, "next". You are
sifting for gold and may have to float 20-30 offers before
one is accepted and you have a deal. With experience that
number will come down to about one in ten.

Use these 7 sources to keep your leadflow high, sift for
gold, and watch your chunks of cash come tumbling in.

----------------------------------------------------
Ben Innes-Ker is a real estate investing warrior and author
of the Motivated Seller Magnet - Automatic Lead Generating
System. He is constantly refining his marketing systems to
make his investing more profitable with less effort. He
shares these unique systems with his Power Marketing
Members. To receive your free report on how to create a
steady stream of motivated sellers, go to
http://www.motivatedsellermagnet.net .

Why Do You Need a Phillips 66 Gas Credit Card In Your Wallet?

Why Do You Need a Phillips 66 Gas Credit Card In Your Wallet?
If you're one of those credit card consumers who still
doesn't have a Phillips 66 gas credit card, you may want to
reconsider your actions. After all, these gas credit cards
have quite a few benefits and perks. Wondering what makes a
Phillips 66 gas credit card so special? I have the answers.

Pay-At-The-Pump Convenience

Remember back in the old days you had to actually trudge
from your car to the gas station attendant and back to your
car again to pay for your gas purchases? That's not the
case when you have a Phillips 66 gas credit card.

With a Phillips 66 gas credit card you get the convenience
of paying for your gas purchases at the pump. You don't
have to walk from your car or wait in line to pay. Just
swipe your card and go.

No Annual Fees

Unlike some gas credit cards on the market, there's no
annual fee associated with the Phillips 66 gas credit card.
Why pay $30 or even $50 a year for the privilege of
carrying gas credit cards when you have the option of
paying no annual fee at all?

25-Day Grace Period

It's no secret that credit card companies keep cutting back
their grace periods (and some have been doing away with
them altogether). Not Phillips though! The Phillips 66 gas
credit card offers a generous grace period of 25 days. If
you're sick of seeing grace periods whittled away, this
will prove to be a breath of fresh air.

Easy Tracking

Using the Phillips 66 gas credit card for your gas
purchases makes it easy to see exactly how much you're
spending on gasoline each month. If you notice a spike in
usage you can adjust your driving habits accordingly, which
can save you money in the long run.

A Word to the Wise

Now, as great as a Phillips 66 gas credit card can be,
there's one thing I must warn you about... The interest
rate isn't exactly anything to drool about. Because of
that, you'll want to pay the balance in full as soon as the
statement comes in. This is not a card you want to be
paying finance charges on.

Just remember, paying your balances off in full each month
means you never even have to worry about the interest rate.
After all, you don't pay finance charges on what you don't
owe. If you're still wondering which of the gas credit
cards is best for you, take another look at the Phillips 66
gas credit card - you may find it's the perfect card for
you.

----------------------------------------------------
For more tips on gas credit cards, saving money and
avoiding getting taken, check out CreditCardTipsEtc.com, a
website that specializes in providing credit card tips,
advice and resources.
http://www.creditcardtipsetc.com/gas_credit_cards/

House Flipping on Television - Is it Real?

House Flipping on Television - Is it Real?
I was recently asked by a family member if the House
Flipping Real Estate TV shows are what it's like in Real
Life Real Estate.

My answer is that Real Estate TV shows are as real to Real
Estate as Soap Opera relationships are as real to
marriages. So, while there are certainly some truths to
things that you see, you must remember that it is
entertainment television...not a truthful documentary.

One of the most problematic issues with the House Flipping
TV shows are that they constantly show that if you buy a
house for $80,000 and spend $20,000 fixing it up and sell
it for $150,000, they show your profit as $50,000.

But, your profit will not be the whole $50,000 because
there are costs that the television doesn't show you.

What else is there to House Flipping Costs you ask?

First where did you get the $100,000 for the purchase and
fix up costs? Did you have to borrow the money? How much
are you paying to borrow the money? What are the upfront
"points" and interest rate costs?

Did you pay closing costs when you purchased the property?
Attorney fees? Recording fees? How about taxes?

How long are you going to own the house from the time you
purchase until the time you sell? Are you going to use any
electricity or water, heat or air conditioning while you
own the home?

How about insurance costs?

You'll want to insure your property (from fire, theft,
vandalism, flood etc) and if you're borrowing money you'll
be required to do so. And this isn't a house you live in so
we're not just talking about regular homeowner's insurance.

You need to insure a vacant property and you need to
protect yourself with some type of "builder's risk"
insurance in case someone hurts themselves. Are your
contractors insured?

And you going to have to pay closing costs when you sell
the property too. Are you listing the home with a Real
Estate Broker? Even if you're selling it without a licensed
Real Estate person, there are going to be costs involved.

Then there are the other House Flipping miscellaneous
items, you need to keep the grass cut and the yard trimmed,
the leaves raked, the snow and ice cleared, etc. etc. etc.

We don't point these items out to scare you, only to show
you that the Reality House Flipping TV shows are often far
from Reality.

----------------------------------------------------
Chris Parks is a Real Estate Investor who has been involved
in Real Estate in one capacity or another since the mid
1980s. As a member of a small group of Real Estate
Investors & Entrepreneurs, and always having the knack for
explaining Real Estate Basics in an easy to understand
manner, Chris created REI for Newbies in order to teach &
assist new Real Estate Investors in a step-by-step,
easy-to-understand manner. http://www.REIforNewbies.com