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Today - November 20th, 2008 - is the day when the doors open to The Wealth Foundation, an Internet marketing membership community developed by Chris Canos.

‘I don’t make my living out of selling this stuff I make my living out of DOING this stuff, remember?’, is his motto. Chris ‘will give you a FULL WEEK to put to the test everything I say and do… I will let you watch over my shoulder and JOIN IN and MAKE CASH while I do… Try my systems for NOTHING.’

Here are just 10 of the many educational, interactive, life changing information you will have access to when you join the Wealth Foundation:

Beating Mr G… A Back Door To MASSIVE INSTANT and FREE Page 1 Rankings !   An Insanely POWERFUL Way To Get To Google Number One In ONE HOUR!

The eBay Dominator… The eBay System Which ‘Rocks’!   An Insanely POWERFUL Way To Suck Cash Out Of eBay 24 Hours A Day!

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What you don’t see on many of the television shows about flipping houses are the many sad tales of promising flips gone wrong. These epic tales of woe are often the precursors to financial hardships for quite some time as those who fail at their property flips work on recovering from their heavy losses and moving on with their lives. Some are hit harder than others but the snowball effect of a bad flip are often not even hinted out on the prime time televisions shows that are so proud of the many success stories that arise because of serious and studious efforts in the house flipping arena.

If you are planning to flip a house for a real estate investment you really need to take a step back and decide that you are absolutely not going to be one of the house flip sob stories that are rumored about in Internet chat rooms. In fact, you will definitely want to be listed among the other success stories. Unfortunately that takes a significant amount of prior planning that is never shown on these television commercials. In fact, in order to put your best effort forward you will need to devote as much time as possible to studying and researching houses, prices, and property values in your area before you ever start to search for your first house to flip as you will need to invest in the whole process of working on your first flip. In other words, several months worth of planning and research need to go into your first house pick in order to lower the risk of not succeeding and to raise the odds of success.

The second thing you will need to do when planning or researching your first property flip and avoiding a sob story is to be realistic about the outcome and avoid great expectations. With your first property flip you will be damn lucky to make any money at all. If you are expect to make more money on your first property flip than you made all last year as a full time job, then you might need to make other plans. Because of all the unforseen problems, the first property flip very rarely goes as expected.

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Everybody likes a bit of extra income on the side, and there is no better way to earn easy income than by referring potential home buyers or sellers. It is an easy thing to do, simply by sharing your stories or information with people around you, giving them an idea of where to look if they are interested in buying or selling a home.

Because the entire process of buying or selling homes can be stressful and difficult, giving someone the information to help them make educated and wise decisions concerning their choice to buy or sell a home, is an amazing thing to do. The entire concept of learning how to earn easy income by referring potential home buyers or sellers is made successful by people that are intent on sharing the information and on helping those trying to navigate the murky waters of home buying or home selling.

With the proper information on hand, you could be aiding someone in their search for their dream home, while making a little cash for your efforts. The main thing you will need to do is give ideas and information as they are needed to help the person or persons interested in the home buying or selling process. Making the process move more smoothly is one of the multiple benefits of knowing and understanding before hand.

Take the time to become familiar with all important information before beginning the referral process. This enables you to handle any twists or turns that occur and allows for an uninterrupted flow of activity, giving you the chance to treat the prospective buyer or seller with the utmost attention, and to make their investment worth something to them.

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TwoKads:

The financial industry greats will be the first to tell you that real estate investing has the potential to bring in serious profits. They will also gleefully inform you that the risks in some cases far outweigh the potential, especially if they are among the more cautious investors in the industry. Those investors that have made their wealth and fortunes in real estate however will tell you that investing in real estate is well worth every bit of risk when you can manage to work through the tough spots and find your way to real estate investing fortunes.

Commercial real estate is somewhat unique among real estate investment types. This is the type of real estate that requires a high investment to get into the game, much higher than most residential property and poses equally great risks depending on what you plan to do with your commercial real estate investment. Of course you will also find more than a few options for your commercial real estate investment that many investors find appealing.

Most investors find leasing office or building space to be the safest route to take when it comes to real estate investing is the path of leasing office space or warehouse space to businesses. They think that this is a steady income source because most businesses want to keep their same locations as long as possible. Very smart business owners are made well aware that customers, clients, and vendors will need to be able to locate them in order to do business with them and for this reason, want to keep their business in the same location when it is possible rather than reestablishing themselves in different locations year after year.

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While most people have specific dreams and visions of enjoying the big profits that can be made from flipping properties, very few people put much thought into the process or any formulas that might be absolutely necessary to succeed when it comes to. You will hear a lot about the things not to do when it comes to flipping houses but very few people take the time to mention the things you absolutely must do in order to successfully flip a house and thus begin your ride on the road to real estate investment riches.

1) Do put everything to pen and paper and plan it out carefully before you begin. If you are going to enter into this to make money you need to treat it like a business. This means you need to have a plan of action and make every effort to work towards carrying out that plan.
2) Do establish a budget for the entire project. You must have a plan for the budget you are willing to spend on the property itself, how much for repairs, and how much profit you need to make in order to be a good investment for your time and labor. A house flip is a lot of work in order to pull it off successfully. You want to have a good idea of how much homes in the neighborhood are worth, the value of your property as is and the estimated value of the property once improvements are made. In addition you should also have a pretty firm grasp of the costs involved in making the repairs in order to create a realistic budget for the entire project.
3) Do have an inspection. This is the most important detail that will save you alot of time, money, and dispair when everything is said and done. Be prepared to walk away from the deal if the inspection determines that there is to much more work needing to be done than simple cosmetic repairs. You want to make visible changes that people can see because those are the changes that raise the value or the cost of the house. You want to avoid needing to make changes and improvements that aren’t visible but are very necessary. If you need to invest a lot of money and labor into the house you need to seriously consider the realistic profit potential the property offers. If it isn’t significant then you need to walk away before the property becomes a real estate investment money pit.
4) Do know the neighborhood and plan your flip according to the needs of the area rather than your personal tastes and needs in a home. This is another thing that many first time flippers forget. This is not a personal project it is a business project and you need to treat it as such. Keep your costs down and your feelings out.
5) Do remember that you are in the market to make money not waste money when it comes to establishing an asking price for the property. You’ve poured blood, sweat, and probably more than a few tears into your flip but you cannot set the value of the property by the effort you’ve placed into it. Have realistic expectations of how much you stand to earn from your efforts and how much you are willing to go down on the price in order to walk away with some profit in your pocket.

You should also take a moment to reflect upon the fact that many first time flippers actually lose money on their first flip. If you make money at all, even a small profit you learned many valuable lessons that you can carry onto future deals and make more profit. More importantly the lessons you learn from your first flip are lessons that money really cannot buy so it is worth a lower profit or even taking a slight hit if your experience makes you even more money in the future as you continue along your real estate investment path.

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