Sound Life Education

By Mike Fish, Founder of Sound Life Education

It is possible for errors to appear on a credit report. If this happens, your credit score and probability of being approved for a mortgage loan could be damaged. So it’s very important that you obtain a copy of your credit report from all three agencies before you apply for your mortgage loan. You can contact them by phone or via the Internet. In six states, you can obtain a copy of your report for free. Elsewhere, you will be charged a fee. Be sure to contact all three agencies because the information contained in each database in not identical.

If you discover an error in your report, contact the creditor directly in writing. Also, report the error directly to the credit agency so that the error can be removed. The agency must investigate and respond within 30 days. If there is an unresolved dispute still outstanding when you apply for your loan, be sure to tell your lender and provide copies of your correspondence with the credit agency.

By Mike Fish, Founder of Sound Life Education

They always say that a man is only as strong as the people around him, and that couldn’t be closer to the truth. Everyone has a power team. It could be a strong family bond, or a handful of strong friendships, but either way, it is a power team of some sorts. Although, the power team that I am referring too is the one between one professional to another in your business power team.

As an investor, or a regular homeowner for that matter, you must have a power team assembled that you can call upon at any time to take care of certain situations. This power team can include anyone with specialties pertaining to your particular business. I am a real estate investor, so my power team consist of the following vital players in my success: A broker, lender, seller, buyer, appraiser, insurance agent, grant money contacts, inspector, title company, accountant, attorney, handy man, banker, tenants. These are just a few of my contacts, but I have built a strong relationship with them all, as if they were my own family members.

By Mike Fish, Founder of Sound Life Education

I have been a real estate investor for over 12 years now, and I have always found that if you take that time and effort with the tenants that are living in your home, you will always find yourself on the right side of lady luck. I have always said that if you are out to help as many people as you can, the money will always come to you, regardless of any market condition. It is so important to build relationships in your life, and that includes the tenants that are living in your homes. So many landlords nowadays meet their new tenants, have them sign paperwork, and never contact them again, unless when the rent is late, or their lease is up. To me, that is a recipe for disaster!

By Mike Fish, Founder of Sound Life Education

Presently, there are many types of avenues families and individuals can dive into to try and invest some money for future growth. Today, we have stocks, bonds, CD’s, annuities, high-yield savings accounts, and of course you’re everyday piggy bank or that special spot under the dresser! In fact, out of all of these avenues, that special spot under the dresser would be my choice in a market like the one we are currently experiencing, that is if real estate wasn’t around. Investing in real estate is my number one choice, and for that matter, my only choice, when it comes to building a highly successful portfolio that has the potential of retiring future generations in my family. Why is it that I pick real estate, especially considering what has been going on in the markets the last few years? The answer to that is very simple, it has more moneymaking options for me, 3 in particular.