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Four Quick Negotiation Tips

  1. Never enter a negotiation that you’re not prepared to walk away from. Accept the fact that you may not reach agreement and may have to walk away from the deal.
  2. Never fall in love with the item your negotiating for. You lose your leverage if you do and your love will make #1 above almost impossible.
  3. Never be the first to name a price.
  4. If you’re providing a service, always negotiate your price up front. Remember the “call girl principle.”  The “call girl principle” states that the perceived value of a service declines precipitously after that service has been performed.

Risk and Reward in Real Estate Investing

Your risk tolerance level may demand a different strategy, but in general, I try to stick to the following guidelines when it comes to investing in real estate.  This means avoiding investments that fall into the red boxes/categories.

Buy a Rental or Investment Property

As featured on eHow.com.

Thinking of buying a rental or investment property? Success in real estate investing depends on identifying acquisitions and diligent work to realize their full potential. The key is to be an investor, not a speculator. Here are a few tips to make sure that you are on the right track and to help you achieve a high rate of return with your investment.

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How much house can you get for $8,500 in Canton, Ohio?

How about a 4-bedroom, fixer-upper with an attic and full basement?

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