With people becoming concerned over the job security with their day jobs, many of them are considering various options that allow them to make money online from home. A home based business over the internet provides flexibility to people by making them financially independent. There are various ways of making money online without too much of a hassle.

With internet becoming increasingly accessible, people are looking at various options to make some quick money online. Making money online is not rocket science. As a matter of fact, it is rather easy. In today’s volatile economy where day jobs have become quite uncertain and the job market is quite unpredictable. With some basic knowledge, creativity and innovation; it will be very simple and convenient for people to make money right from the comfort of their homes.

There are millions of people today who are comfortably staying indoors and getting wealthier by the day. These people are those who are most commonly operating their own home based business providing services depending upon their abilities and skill set. There are many opportunities for people to earn easy real money through internet. Here are some of the most common and easy ways to make money online:

Affiliate Marketing

Online businesses run by being visible. This means that every online business will need affiliate marketers to promote their online business. In order to cash in on this concept, you can start your own affiliate marketing agency for making money online. The affiliate marketing service will be for online businesses to promote their product or service. You can associate yourself with an online business and help in promoting their business by your affiliate marketing strategies. The commission that you will end up getting on every successful deal you get for the business is your online income.

Social Networking

Social networking is in its boon stage. This is hence a great opportunity for you to build your online business that deals with social media marketing and thereby help you to make money online. Under this method of making online income, you will assist online businesses by promoting their brand or business over various social networking sites. From ads to social media commenting, there are various methods that you can adopt to make money online through this mode.

Online Surveys, Forums, etc

Filling online surveys and forums is perhaps the easiest of ways to make money online. There are several businesses that require customer feedback in real-time which they use for their research and analysis. The data they need has to be genuine and thereby people who fill their information and answer these online surveys and forums can make money online.

Data Entry Business

Online businesses also need assistance with a lot of data entry work. From customer relations to financial analyses, every industry will require data to be arranged and organized in such a form that its makes easier to process customer requests and also help in analytical work. If you have the basic computer skills and have some time on your hand, you can make money online through these data entry jobs. The need for data entry jobs is on a rise with more and more businesses going online. This is the perfect opportunity for a lot of people as data entry does not even require any specific skill set.

Freelance Writing Jobs

The writing jobs online are the most common ways to make money online. If you are a good communicator and have the right language skills, getting a home based business running for writing and translation work can be very productive. The freelance writing and translation jobs are in plenty. With online marketers depending upon SEO and link building services for their digital marketing, the requirement and need for writers and translators is increasing by the day.

There are many options to make money online for those who are willing to spend some time and effort. As a matter of fact, people with creativity and skill can easily make money without much hassle. Unlike the day jobs, you will not be required to have a restricted lifestyle. Internet based earning gives you the flexibility to decide your work hours as well as your earnings.

Many business owners and financial executives want to ensure they can rely on an independent ‘trusted’ financing advisor when it comes to their business finances. How does one pick such an advisor? Naturally in today’s environment business owners don’t have time to waste, and if they have financial or growth challenges they are looking for someone that can bring expertise and solutions to their business.

We are constantly told that business owners are looking for a firm they can trust, respect, and has, of course, credentials.

We believe this whole area of developing a trust between the advisor and the company is a two way street. It is incumbent on the business owner to make sure the goals and needs of the company are made very clear. Business owners or financial managers should not blur the issues to the point that each party does not understand the goals and the respective roles.

When a trusted financing advisor is chosen he or she needs to be given access to the reins and information on the business and its challenges.

Business owners need to ensure that the specialist firm they are dealing with has experience either with the challenges they are facing, or the particular industry the customer is in. Many business financing challenges are industry specific, so this is not the time to be training and advisor on your business! Most people realize though that many financing challenges are somewhat generic in nature, so although an industry expertise is often helpful, it is clearly not always 100% required.

The business owner and financing advisor need to be able to have effective dialogue and communication on what the operational and financing issues are. Many times there are what we call ‘ warning signs ‘, yet in other cases companies are already clearly in trouble.

A financing advisor needs to be given information and clarification on issues related to:

- Sales
- Profits
- Currenet lenders
- Working capital issues
- Asset issues
- Future goals of the company

Naturally the above list is hardly all inclusive, but it is a solid start to the dialogue. The business absolutely has to have a handle on what the intermediate term goals are. Management needs to have a strong sense that the business advisor can assist in the recovery, and the advisor must be given the tools that he or she needs.

Both the business owner and advisor should have frank discussions around the probabilities of success and the timelines associated with that success. What’s realistic, what isn’t.

Business owners and financial executives should clearly check the background and experience of the advisor. References are of course highly recommended. Professional affiliations are of course important, but not critical. References from lawyers, bankers, and accountants are often excellent sources of information. The business advisor should clearly be indicating they have the right attitude and credentials around the business owners financing needs. It is certainly not unrealistic to have solid discussions around timelines and action items responsibility.

Ultimately business is of course people, so chemistry is important, and the business owner should have a sense they could work with the financing advisor. However, at the end of the day you don’t have to like people to get the job done ( it certainly helps though!). Credibility and experience are ultimately always at the top of the list.

All engagements should of course be documented properly re success, work fees, etc. A credible business financing advisor will of course be willing to sign any required non-disclosure document.

In summary, a trusted business financing advisor is a valuable ‘ out of the company ‘ asset to any firm. Business owners and financial mangers should choose such an advisor carefully, and pay important attention to the qualities and capabilities that advisor can bring to the table, and ultimately, the firms success.

Most types of investments won’t allow the use of high leverage using the securities themselves as collateral. This makes real estate investing somewhat unique in its use of financing. The use of leverage in real estate investments is a proven method to accelerate returns and create wealth. But one must be careful not to over-leverage. As we examine a few of the various types and sources of financing available for self storage facilities, I will also point out the dangers that can result from over-leverage and pitfalls of various financing structures.

There is a wide array of financing vehicles available from an assortment of institutions and intermediaries. What was once a short order menu in the financing arena is now a smorgasbord of products that can be mixed and matched to accommodate almost any project. There are trillions of dollars in real estate mortgages issued each year in the United States alone. It has been estimated by the US Congressional Budget Office that approximately 76% of the nation’s wealth is in some form of real estate ownership or securities backed by real estate. That dwarfs the investment in all other industry sectors combined.

In the past twenty five years, the financial industry has rolled out a myriad of mortgage products designed to make real estate ownership available to all segments of the population, and in recent years, it has repealed a few.

FUNDING SOURCES

Seller Financing

A common and often times preferred source for financing self storage facilities is some form of seller-held financing. There are many advantages to using seller financing to fund a portion or perhaps 100% of your investment. Typically this includes no points, no fees, no appraisal, no survey, and no need to educate the lender about the facility. In addition, I can negotiate directly with the seller (financier) to structure a loan that is attractive enough to convince them to hold some or all of the financing. The most common use of this technique, and one I try to utilize on each and every one of my deals, is to get the seller to hold back a second mortgage to fill the gap between the sales price and the first lien being provided by the lender. Seller financing can be either short or long term, interest only or amortizing, with or without a balloon. In many cases, seller carry backs can be sold on the private market to create cash at closing to the seller if the structure and terms of the note are marketable with standard commercial terms.

Private Lenders

Wealthy individuals, or what many in the industry call “Country Club Money”, are often used as sources of financing, but may be hard to come by. Low interest rates as of late have caused many wealthy individuals to consider lending money for real estate simply because the returns are much higher than CDs or bonds and the debt is secured by a tangible asset, the facility. The total loan amount will vary based upon the individual and his or her wherewithal. Typically, interest rates can range from 6% to 20% depending on the deal, current market rates, time frame, risk, amount, etc. There is no governmental or regulatory oversight of private lending so rates and terms are negotiable between the parties involved in the transaction. As with seller financing, the terms are generally more flexible than other lending sources and may not require extensive third party documentation and fees, and are relatively quick to close. Most private lenders prefer a short time frame to be paid back, typically one to three years, with the loan being amortized or interest-only with provisions for rate adjustments if interest rates begin to rise.

Mortgage Bankers

Mortgage Bankers are mentioned frequently throughout my home study system, “The Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities”, as this is my preferred funding source. It is important though to remember that a mortgage banker is not synonymous with a mortgage broker. The simplest way to describe the difference is that a mortgage broker works with multiple banks, and the mortgage banker works solely for the bank in which they are employed. The benefit to a mortgage banker is that they typically possess years of experience and education required to represent a firm as a mortgage banker. In comparison, a mortgage broker can get started with no experience whatsoever. The mortgage banker may have outside relationships with additional sources of funds such as life insurance companies, pension funds, and private investors, and may bring them in to participate on a loan to complete the deal, but this is the exception not the norm.

In practice, both the mortgage banker and the broker fill the same role to the borrower. They specialize in mortgages and only mortgages. The mortgage banker has a small advantage in being able to warehouse a loan, meaning they can close the loan by advancing the banks own funds, and wait for the security of the facility until a later date. This can make all the difference in funding a particular loan for your time sensitive deals. Once you have proven yourself to these banks, you will have access to some of the most flexible financing available anywhere.

There are literally Dozens of ways to structure the financing on your Self Storage Facility that we could discuss, but I’ll just cut to the quick and present the way I have structured nearly all my deals, which is a combination of the 3 ways I just presented. Lenders Love Self Storage, and given the system I have created to find the real sweet deals, my banks have no problem approving an 80% LTV Loan. I will then combine that with the aid of either a seller Carrying Back the remaining 20%, thereby making 2 payments to him, or by partnering with some of the “Country Club Money” we discussed earlier in this article.