It Is Possible to Get an Auto Loan With Bad Credit

Looking for a car requires making a lot of decisions. There are many factors to consider, such as price and payment. You have taken all the test drives you need. You have selected the manufacturer, model and color. Now you need to decide how to pay for the vehicle. If you have bad credit, this can seem to be a big problem.It was not that long ago when it was relatively easy to get a loan. Today it is not easy to get money when you need it. This is true for auto loans also. The choice often seems to be to take out two auto loans to finance the car. This choice results in further damage to your credit history. You should consider your payment options before you even start to look for the vehicle so that you are ready when you find the right car.Auto Loan BasicsAuto loans are generally considered secured loans. This is because the vehicle itself is collateral for the loan. If you have bad credit, this factor alone will help you obtain the loan you need to pay for the vehicle.Secured loans generally will have lower interest rates than do loans for the same amount for the same person. This is because the collateral can be repossessed to pay off the loan balance. For auto loans, the car can be repossessed to pay off the auto loan balance.As you determine the type of loan which will work for you, you need to next consider the down payment on the vehicle. The down payment will also affect your interest rate and the size of your monthly payments. The more you put down, the smaller the loan will be. The less you have to borrow from the lender, the smaller the monthly payment will be. The more you borrow from the lender, the higher your interest rate will be and the longer you will be paying off the loan.Shopping for an Auto LoanIf you have bad credit, almost every type of loan you might need is best found online. There will be many places you can get the loan. The auto dealership could offer you credit. Your bank could offer you a loan. If you belong to a credit union, you could get a loan through them. All of these sources can be more difficult to work with if you have bad credit. Chances are, if the lender has a physical, bricks and mortar presence, they will also have stricter qualifications for granting loans to people with bad credit.Looking online is your best option. Like most loans, you will need to demonstrate a steady job with a reasonable length of employment. The paycheck must be reliable. This will make it harder to qualify if you are self-employed or have irregular paychecks. You will need to have proof of citizenship when applying for an online loan.The Loan is Out ThereIt is possible to get an auto loan if you have bad credit. As with the actual purchase of the car, you will need to balance between what you want and what you can afford.Once you know the answer to that question, you can research a variety of lending sources open to you. Compare their rates and repayment requirements. Shop for the loan like you will shop for the vehicle. Just as you will look for the best price for the make and model you want, so you should look for the best auto loan available. By comparison shopping, you will be able to not only find the car you desire but you will also be able to get the loan you need to buy it. Bad credit does not need to stop you at all.

Posted in Uncategorized | Tagged | Comments Off

Colorado Springs Property Rentals – Getting The Edge with a Powerful New Rental Genre!

As a Colorado Springs property owner, you are determined to hold on to your property through the recent downturn. After all, that’s what investing in real estate is all about! You may even be thinking of buying in this current buyer’s market. If you are wondering how…when it’s a already a challenge to rent properties you have, then read on.Colorado Springs is an interesting market. Since becoming a Colorado Springs property owner, I have seen highs and lows. There was the boom of high-tech in the seventies; and then record foreclosures in the early eighties. I saw the Condo across the street, sell for $36,000, which has been appraised at $130,000! No longer true. With the military away, this negatively impacts the Colorado Springs rental market; and with real estate market generally sluggish, and foreclosures rising, we face challenges with Colorado Springs property rentals in 2007 and 2008! A great time to buy, but how do you keep property rentals full and mortgages paid? How do you avoid becoming yet another foreclosure statistic while waiting for the next high?Let’s Do the Math: With this new genre, your rental is full 75% of the time, at 3 times the normal lease price; add an extra investment of 10%; less a 20-25% commission? Does this put you ahead? You bet it does! This solution is not for the faint-hearted–but for the more determined, aggressive, and adventurous and successful property owner. Before we dive in, though, have your heard the expression,”Doing the same thing over and over while expecting different results, is the definition of insanity!” Lets take a look at three real estate property scenarios, two of them I believe are insanity in this present market; but one is a really good solution.Colorado Springs Property Rental Market, Scenario 1:You are running expensive ads in the newspaper and online–showing your rental property to risky potential renters, dodging discrimination law. Taking applications and running credit checks can get costly and in a soft market, with little to no results. Tenants sometimes cause more damage than what they pay; with eviction an undeniable nightmare for both! Then there are months when it is empty in between tenants where you will be cleaning carpet, painting walls, taking trash to the dump, etc.Colorado Springs Real Estate Market, Scenario 2:You have your property on the market, perhaps have moved onto another job in another town. Your house sits…and sits…and sits…Your real estate agent wants you to drop the price, buyers want you to fix this and that and the other. You pour money into the property trying to make it perfect for buyers who are kicking’ the tires, and let’s face it, it’s a buyers market, they are kicking the tires. Then you lower the price, and all this while your struggle to make the extra mortgage payment! Again…how to you stay on top, and survive the lows in order to cash in on the highs? What are the lows anyway, and when will it be high again?Colorado Springs Vacation Rental Property, Scenario 3:As a desirable vacation rental, your property rents for $695 week, and is 75% full. Your monthly income is $2780 a month, with $278 a month additional expenses. You income is now $2502 a month and rented 75% of the time for a total of $1876 a month less 25% commission, your monthly income is $1407 and yearly is 16,884.00…in a soft market! But wait… what if, following year the commission was reduced to 22.5%? And it was 80% full? Your rental income is now $18,008 in the second year. Did you follow that? This is your rental property in a soft market. And this includes 25% vacancy!These are real figures, and it really happened in Colorado Springs. I have 3 homes for which I have done this, in different price ranges, and various locations.Creating a marketing plan for transforming a property into a vacation rental includes adding value, and marketing it in smaller increments. You will market it in by-the-week units, rather than wholesaling a 1-year lease, as in traditional property rentals. It’s like buying a case of cokes at Sam’s, where each coke costs only .25. You sell in the vending machine for a dollar (add the value of convenience of the vending machine); or you sell at a Broncos Football game in Mile High Stadium for $3!Additionally you will market to a different market segment, to include those who are vacationing, waiting to build or buy a home, and to those on temporary business trips. A good VRA (Vacation Rentals Analysis) will give you an idea of what is involved and what, if any, potential your property may have as a vacation rental.Transforming property into vacation rentals involves imagination, creativity, resourcefulness, marketing strategy, and expertise. It may involve furnishing and decorating, creating a reservations contract, operating a reservations line, accepting credit cards, marketing properties online, maintaining websites and listings, even internationally. There are cleaning crews and maintenance crews to manage.However, after all is paid, said and done, transforming your rental property into a vacation rental can be the ideal solution for staying afloat, making money, and increasing property value while waiting for the Colorado Springs market to bounce back!

Posted in Uncategorized | Tagged , , , , , , , , , , , | Comments Off

Finding the Best Business Idea For Your Home Based Business

How many home based business opportunities are available to you? If you want to make money online at home, you really have many options to choose from. The big question is – which one will give you the biggest chance of success? Is there a ‘one size fits all’ answer? The simple truth is that not every opportunity is right for everyone, and not every opportunity will bring you the greatest amount of profit.

So, what are some home business ideas that can make money online for you? The quick and dirty answer is: the one that best suits your particular set of needs. Make a list of your priorities, including a high income; a low-risk schedule; freedom; flexibility; work-life balance; independence; something in your range of skills and expertise; and interesting work that you have an interest in… You can take this list with you and talk to people who are working from home on the same things that you would be considering. Chances are that you will find some great niches that fit your standards and your desires.

But what if you want to get started right away? It’s easy to think that you can jump into a new business idea and be successful immediately, but this often isn’t the case. It takes many different things to make sure that you will be able to get through the hurdles and actually make it to a point where you are seeing profit. If you don’t work at it slowly, you will be setting yourself up for failure. Here’s the lowdown on some different things that you should consider as you create your own business idea:

First, you need to think about what you have to offer. If you don’t have any ideas as to what to do as a freelance writer, a lowdown on finding a niche is very important. Many beginners go into this completely clueless. But if you know that you have a skill that others are desperately seeking, you may be able to provide them with the service they are looking for without having to spend much time building up a website or getting traffic to it.

Another thing to consider is what kinds of products or services would best fit a niche that you would like to get started in. In this case, the lowdown on finding the best business idea for you would include taking a look at what you love to do and what you can offer others. If writing is not your strongest point, but you love to get creative, consider freelance data entry. Freelance data entry does not require a lot of startup capital, but you still need to have the skills that will allow you to be successful in this area. The best lowdown on finding the best business idea for you is to simply start looking at what you like to do and what you can offer others.

There are many other areas of freelance writing that you can explore in order to make the most out of your home based online business. Freelance writers are in high demand online. If you have the skills that are needed to do well in this field, there is no reason that you should not be able to find a great home-based online business that will give you the income that you want.

Posted in Uncategorized | Tagged , , , , | Comments Off