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First of all..I agree with some and not others, but as small business owners we need to learn from our history of leaders.  SO with that said, here is a synopsis of this book.  You should definitely read it in its entirety!  My favorite Law is #35 Master the art of Timing

Law 1

Never Outshine the Master

Always make those above you feel comfortably superior.  In your desire to please or impress them, do not go too far in displaying your talents or you might accomplish the opposite – inspire fear and insecurity.  Make your masters appear more brilliant than they are and you will attain the heights of power.

Law 2

Never put too Much Trust in Friends, Learn how to use Enemies

Be wary of friends-they will betray you more quickly, for they are easily aroused to envy.  They also become spoiled and tyrannical. But hire a former enemy and he will be more loyal than a friend, because he has more to prove.  In fact, you have more to fear from friends than from enemies.  If you have no enemies, find a way to make them.

Law 3

Conceal your Intentions

Keep people off-balance and in the dark by never revealing the purpose behind your actions.  If they have no clue what you are up to, they cannot prepare a defense.  Guide them far enough down the wrong path, envelope them in enough smoke, and by the time they realize your intentions, it will be too late.

Law 4

Always Say Less than Necessary

When you are trying to impress people with words, the more you say, the more common you appear, and the less in control.  Even if you are saying something banal, it will seem original if you make it vague, open-ended, and sphinxlike.  Powerful people impress and intimidate by saying less.  The more you say, the more likely you are to say something foolish.

Law 5

So Much Depends on Reputation – Guard it with your Life

Reputation is the cornerstone of power.  Through reputation alone you can intimidate and win; once you slip, however, you are vulnerable, and will be attacked on all sides.  Make your reputation unassailable.  Always be alert to potential attacks and thwart them before they happen.  Meanwhile, learn to destroy your enemies by opening holes in their own reputations.  Then stand aside and let public opinion hang them.

Law 6

Court Attention at all Cost

Everything is judged by its appearance; what is unseen counts for nothing.  Never let yourself get lost in the crowd, then, or buried in oblivion.  Stand out.  Be conspicuous, at all cost.  Make yourself a magnet of attention by appearing larger, more colorful, more mysterious, than the bland and timid masses.

Law 7

Get others to do the Work for you, but Always Take the Credit

Use the wisdom, knowledge, and legwork of other people to further your own cause.  Not only will such assistance save you valuable time and energy, it will give you a godlike aura of efficiency and speed.  In the end your helpers will be forgotten and you will be remembered.  Never do yourself what others can do for you.

Law 8

Make other People come to you – use Bait if Necessary

When you force the other person to act, you are the one in control.  It is always better to make your opponent come to you, abandoning his own plans in the process.  Lure him with fabulous gains – then attack.  You hold the cards.

Law 9

Win through your Actions, Never through Argument

Any momentary triumph you think gained through argument is really a Pyrrhic victory:  The resentment and ill will you stir up is stronger and lasts longer than any momentary change of opinion.  It is much more powerful to get others to agree with you through your actions, without saying a word.  Demonstrate, do not explicate.

Law 10

Infection: Avoid the Unhappy and Unlucky

You can die from someone else’s misery – emotional states are as infectious as disease.  You may feel you are helping the drowning man but you are only precipitating your own disaster.  The unfortunate sometimes draw misfortune on themselves; they will also draw it on you.  Associate with the happy and fortunate instead.

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Law 11

Learn to Keep People Dependent on You

To maintain your independence you must always be needed and wanted.  The more you are relied on, the more freedom you have.  Make people depend on you for their happiness and prosperity and you have nothing to fear.  Never teach them enough so that they can do without you.

Law 12

Use Selective Honesty and Generosity to Disarm your Victim

One sincere and honest move will cover over dozens of dishonest ones.  Open-hearted gestures of honesty and generosity bring down the guard of even the most suspicious people.  Once your selective honesty opens a hole in their armor, you can deceive and manipulate them at will.  A timely gift – a Trojan horse – will serve the same purpose.

Law 13

When Asking for Help, Appeal to People’s Self-Interest,

Never to their Mercy or Gratitude

If you need to turn to an ally for help, do not bother to remind him of your past assistance and good deeds.  He will find a way to ignore you.  Instead, uncover something in your request, or in your alliance with him, that will benefit him, and emphasize it out of all proportion.  He will respond enthusiastically when he sees something to be gained for himself.

Law 14

Pose as a Friend, Work as a Spy

Knowing about your rival is critical.  Use spies to gather valuable information that will keep you a step ahead.  Better still: Play the spy yourself.  In polite social encounters, learn to probe.  Ask indirect questions to get people to reveal their weaknesses and intentions.  There is no occasion that is not an opportunity for artful spying.

Law 15

Crush your Enemy Totally

All great leaders since Moses have known that a feared enemy must be crushed completely.  (Sometimes they have learned this the hard way.)  If one ember is left alight, no matter how dimly it smolders, a fire will eventually break out.  More is lost through stopping halfway than through total annihilation:  The enemy will recover, and will seek revenge.  Crush him, not only in body but in spirit.

Law 16

Use Absence to Increase Respect and Honor

Too much circulation makes the price go down:  The more you are seen and heard from, the more common you appear.  If you are already established in a group, temporary withdrawal from it will make you more talked about, even more admired.  You must learn when to leave.  Create value through scarcity.

Law 17

Keep Others in Suspended Terror: Cultivate an Air of Unpredictability

Humans are creatures of habit with an insatiable need to see familiarity in other people’s actions.  Your predictability gives them a sense of control.  Turn the tables: Be deliberately unpredictable.  Behavior that seems to have no consistency or purpose will keep them off-balance, and they will wear themselves out trying to explain your moves.  Taken to an extreme, this strategy can intimidate and terrorize.

Law 18

Do Not Build Fortresses to Protect Yourself – Isolation is Dangerous

The world is dangerous and enemies are everywhere – everyone has to protect themselves.  A fortress seems the safest. But isolation exposes you to more dangers than it protects you from – it cuts you off from valuable information, it makes you conspicuous and an easy target.  Better to circulate among people find allies, mingle.  You are shielded from your enemies by the crowd.

Law 19

Know Who You’re Dealing with – Do Not Offend the Wrong Person

There are many different kinds of people in the world, and you can never assume that everyone will react to your strategies in the same way.  Deceive or outmaneuver some people and they will spend the rest of their lives seeking revenge.  They are wolves in lambs’ clothing.  Choose your victims and opponents carefully, then – never offend or deceive the wrong person.

Law 20

Do Not Commit to Anyone

It is the fool who always rushes to take sides.  Do not commit to any side or cause but yourself.  By maintaining your independence, you become the master of others – playing people against one another, making them pursue you.

Law 21

Play a Sucker to Catch a Sucker – Seem Dumber than your Mark

No one likes feeling stupider than the next persons.  The trick, is to make your victims feel smart – and not just smart, but smarter than you are.  Once convinced of this, they will never suspect that you may have ulterior motives.

Law 22

Use the Surrender Tactic: Transform Weakness into Power

When you are weaker, never fight for honor’s sake; choose surrender instead.  Surrender gives you time to recover, time to torment and irritate your conqueror, time to wait for his power to wane.  Do not give him the satisfaction of fighting and defeating you – surrender first.  By turning the other check you infuriate and unsettle him.  Make surrender a tool of power.

Law 23

Concentrate Your Forces

Conserve your forces and energies by keeping them concentrated at their strongest point.  You gain more by finding a rich mine and mining it deeper, than by flitting from one shallow mine to another – intensity defeats extensity every time.  When looking for sources of power to elevate you, find the one key patron, the fat cow who will give you milk for a long time to come.

Law 24

Play the Perfect Courtier

The perfect courtier thrives in a world where everything revolves around power and political dexterity.  He has mastered the art of indirection; he flatters, yields to superiors, and asserts power over others in the mot oblique and graceful manner.  Learn and apply the laws of courtiership and there will be no limit to how far you can rise in the court.

Law 25

Re-Create Yourself

Do not accept the roles that society foists on you.  Re-create yourself by forging a new identity, one that commands attention and never bores the audience.  Be the master of your own image rather than letting others define if for you.  Incorporate dramatic devices into your public gestures and actions – your power will be enhanced and your character will seem larger than life.

Law 26

Keep Your Hands Clean

You must seem a paragon of civility and efficiency: Your hands are never soiled by mistakes and nasty deeds.  Maintain such a spotless appearance by using others as scapegoats and cat’s-paws to disguise your involvement.

Law 27

Play on People’s Need to Believe to Create a Cultlike Following

People have an overwhelming desire to believe in something.  Become the focal point of such desire by offering them a cause, a new faith to follow.  Keep your words vague but full of promise; emphasize enthusiasm over rationality and clear thinking.  Give your new disciples rituals to perform, ask them to make sacrifices on your behalf.  In the absence of organized religion and grand causes, your new belief system will bring you untold power.

Law 28

Enter Action with Boldness

If you are unsure of a course of action, do not attempt it.  Your doubts and hesitations will infect your execution.  Timidity is dangerous:  Better to enter with boldness.  Any mistakes you commit through audacity are easily corrected with more audacity.  Everyone admires the bold; no one honors the timid.

Law 29

Plan All the Way to the End

The ending is everything.  Plan all the way to it, taking into account all the possible consequences, obstacles, and twists of fortune that might reverse your hard work and give the glory to others.  By planning to the end you will not be overwhelmed by circumstances and you will know when to stop.  Gently guide fortune and help determine the future by thinking far ahead.

Law 30

Make your Accomplishments Seem Effortless

Your actions must seem natural and executed with ease.  All the toil and practice that go into them, and also all the clever tricks, must be concealed.  When you act, act effortlessly, as if you could do much more.  Avoid the temptation of revealing how hard you work – it only raises questions.  Teach no one your tricks or they will be used against you.

Law 31

Control the Options: Get Others to Play with the Cards you Deal

The best deceptions are the ones that seem to give the other person a choice:  Your victims feel they are in control, but are actually your puppets.  Give people options that come out in your favor whichever one they choose.  Force them to make choices between the lesser of two evils, both of which serve your purpose.  Put them on the horns of a dilemma:  They are gored wherever they turn.

Law 32

Play to People’s Fantasies

The truth is often avoided because it is ugly and unpleasant.  Never appeal to truth and reality unless you are prepared for the anger that comes for disenchantment.  Life is so harsh and distressing that people who can manufacture romance or conjure up fantasy are like oases in the desert:  Everyone flocks to them. There is great power in tapping into the fantasies of the masses.

Law 33

Discover Each Man’s Thumbscrew

Everyone has a weakness, a gap in the castle wall.  That weakness is usual y an insecurity, an uncontrollable emotion or need; it can also be a small secret pleasure.  Either way, once found, it is a thumbscrew you can turn to your advantage.

Law 34

Be Royal in your Own Fashion:  Act like a King to be treated like one

The way you carry yourself will often determine how you are treated; In the long run, appearing vulgar or common will make people disrespect you.  For a king respects himself and inspires the same sentiment in others.  By acting regally and confident of your powers, you make yourself seem destined to wear a crown.

Law 35

Master the Art of Timing

Never seem to be in a hurry – hurrying betrays a lack of control over yourself, and over time.  Always seem patient, as if you know that everything will come to you eventually.  Become a detective of the right moment; sniff out the spirit of the times, the trends that will carry you to power.  Learn to stand back when the time is not yet ripe, and to strike fiercely when it has reached fruition.

Law 36

Disdain Things you cannot have:  Ignoring them is the best Revenge

By acknowledging a petty problem you give it existence and credibility.  The more attention you pay an enemy, the stronger you make him; and a small mistake is often made worse and more visible when you try to fix it.  It is sometimes best to leave things alone.  If there is something you want but cannot have, show contempt for it.  The less interest you reveal, the more superior you seem.

Law 37

Create Compelling Spectacles

Striking imagery and grand symbolic gestures create the aura of power – everyone responds to them.  Stage spectacles for those around you, then full of arresting visuals and radiant symbols that heighten your presence.  Dazzled by appearances, no one will notice what you are really doing.

Law 38

Think as you like but Behave like others

If you make a show of going against the times, flaunting your unconventional ideas and unorthodox ways, people will think that you only want attention and that you look down upon them.  They will find a way to punish you for making them feel inferior.  It is far safer to blend in and nurture the common touch. Share your originality only with tolerant friends and those who are sure to appreciate your uniqueness.

Law 39

Stir up Waters to Catch Fish

Anger and emotion are strategically counterproductive.  You must always stay calm and objective.  But if you can make your enemies angry while staying calm yourself, you gain a decided advantage.  Put your enemies off-balance: Find the chink in their vanity through which you can rattle them and you hold the strings.

Law 40

Despise the Free Lunch

What is offered for free is dangerous – it usually involves either a trick or a hidden obligation.  What has worth is worth paying for.  By paying your own way you stay clear of gratitude, guilt, and deceit.  It is also often wise to pay the full price – there is no cutting corners with excellence.  Be lavish with your money and keep it circulating, for generosity is a sign and a magnet for power.

Law 41

Avoid Stepping into a Great Man’s Shoes

What happens first always appears better and more original than what comes after.  If you succeed a great man or have a famous parent, you will have to accomplish double their achievements to outshine them.  Do not get lost in their shadow, or stuck in a past not of your own making:  Establish your own name and identity by changing course.  Slay the overbearing father, disparage his legacy, and gain power by shining in your own way.

Law 42

Strike the Shepherd and the Sheep will Scatter

Trouble can often be traced to a single strong individual – the stirrer, the arrogant underling, the poisoned of goodwill.  If you allow such people room to operate, others will succumb to their influence.  Do not wait for the troubles they cause to multiply, do not try to negotiate with them – they are irredeemable.  Neutralize their influence by isolating or banishing them.  Strike at the source of the trouble and the sheep will scatter.

Law 43

Work on the Hearts and Minds of Others

Coercion creates a reaction that will eventually work against you.  You must seduce others into wanting to move in your direction.  A person you have seduced becomes your loyal pawn.  And the way to seduce others is to operate on their individual psychologies and weaknesses.  Soften up the resistant by working on their emotions, playing on what they hold dear and what they fear.  Ignore the hearts and minds of others and they will grow to hate you.

Law 44

Disarm and Infuriate with the Mirror Effect

The mirror reflects reality, but it is also the perfect tool for deception: When you mirror your enemies, doing exactly as they do, they cannot figure out your strategy.  The Mirror Effect mocks and humiliates them, making them overreact.  By holding up a mirror to their psyches, you seduce them with the illusion that you share their values; by holding up a mirror to their actions, you teach them a lesson.  Few can resist the power of Mirror Effect.

Law 45

Preach the Need for Change, but Never Reform too much at Once

Everyone understands the need for change in the abstract, but on the day-to-day level people are creatures of habit.  Too much innovation is traumatic, and will lead to revolt.  If you are new to a position of power, or an outsider trying to build a power base, make a show of respecting the old way of doing things.  If change is necessary, make it feel like a gentle improvement on the past.

Law 46

Never appear too Perfect

Appearing better than others is always dangerous, but most dangerous of all is to appear to have no faults or weaknesses.  Envy creates silent enemies.  It is smart to occasionally display defects, and admit to harmless vices, in order to deflect envy and appear more human and approachable.  Only gods and the dead can seem perfect with impunity.

Law 47

Do not go Past the Mark you Aimed for; In Victory, Learn when to Stop

The moment of victory is often the moment of greatest peril.  In the heat of victory, arrogance and overconfidence can push you past the goal you had aimed for, and by going too far, you make more enemies than you defeat.  Do not allow success to go to your head.  There is no substitute for strategy and careful planning.  Set a goal, and when you reach it, stop.

Law 48

Assume Formlessness

By taking a shape, by having a visible plan, you open yourself to attack.  Instead of taking a form for your enemy to grasp, keep yourself adaptable and on the move.  Accept the fact that nothing is certain and no law is fixed.  The best way to protect yourself is to be as fluid and formless as water; never bet on stability or lasting order.  Everything changes.

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10 Best Places to Buy Foreclosures

Joel Cone

 

Pin a map of the United States

to the wall, take 10 steps back, aim and throw your dart. Almost anywhere you
hit is going to have some level of foreclosure activity going on, even if it is
negligible in relation to the area’s real estate market.

 

Despite the housing problems that have hit many areas nationwide, some areas
of the country are better poised to stand the test of time than others. Those
areas are still affected by the overall psychology of the down market, but
represent an opportunity to buy low and realize a high rate of return when the
market recovers.

 

“You’re basically taking advantage of someone else’s misfortune. That’s the
unfortunate situation, but it presents an opportunity for many people as well,”
said Andrew Couture of Neighborhood Scout, an online service with a national
database that allows users to drill down to the neighborhood level for various
types of information.

 

“If you can do it in an area where schools are good, employment is good,
crime is low, there’s access to amenities and opportunities, there’s lots to
do, that’s going to be a more desirable place to the population in general than
a place with no amenities and where opportunities are limited,” Couture said.

 

When analyzing what areas represent the best opportunities for foreclosure
investors, we looked at the following variables:

  • Average Savings on
    Foreclosure Purchase
  • Home Price Appreciation
  • Recent Home Sales &
    Inventory
  • Job Market &
    Unemployment Rate
  • Vacancy rates
  • School District
  • Crime Rate

 

A Method to Our Madness: The List
All of those factors are well worth considering, but
at the end of the day choosing a list of 10 locations that offer good
investment opportunities is subjective.

 

“I think in this market there’s not really a top 10. In this market, almost
every market in this country is an excellent opportunity for investors,” said
investor and trainer Andy Heller. “Real estate is a long-term investment. I
think the opportunity is simply different in some markets.”

 

Nevertheless, Foreclosure
News Report
has come up with the followinglist

of 10 metropolitan statistical areas (MSAs) around
the country that we believe offer good opportunities for foreclosure investors:

 

10 Best Places to Buy Foreclosures

style='mso-cellspacing:0pt;mso-padding-alt:0pt 0pt 0pt 0pt'>

Metro Area

Avg. Savings on Foreclosure Purchase

1-Year Price Appreciation

5-Year Price Appreciation

Year-over-Year Employment Growth

Binghamton,
NY

50.59%

7.79%

43.64%

0.06%

Augusta/Richmond,
VA

67.62%

5.85%

40.35%

0.60%

Syracuse,
NY

68.91%

5.45%

34.69%

0.20%

Yakima,
WA

71.37%

5.42%

34.51%

1.10%

Hickory/Lenoir/Morgantown,
NC

71.42%

5.42%

23.79%

0.10%

Kingsport/Bristol,
TN-VA

71.84%

5.11%

33.41%

0.40%

Columbia,
SC

72.70%

5.43%

30.08%

0.10%

Charlotte/Gastonia,
NC

74.69%

6.58%

31.03%

2.10%

Provo/Orem,
UT

77.78%

6.34%

51.14%

-0.60%

Beaumont/Port
Arthur, TX

78.42%

5.90%

31.46%

0.10%

 

As you can clearly see from the list, average savings on homes sold range
anywhere from more than 20 percent in markets like Beaumont-Port Arthur, Texas,
to almost 50 percent in markets like Binghamton, N.Y. Likewise, the one-year
change in price appreciation rates for the 10 MSAs
range from a low of 5 percent in Kingsport-Bristol, Tenn.-Va,
to a high of nearly 8 percent in Binghamton, N.Y.

 

We based the list on the two primary goals of a prudent investor: 1)
purchase any property for the best discount possible and 2) purchase in an area
where the return on your investment will be as stable over the long-term as
possible.

 

Opportunities Abound No Matter What Market
William Bronchick, president of the Colorado
Association of Real Estate Investors, recommends that investors look no further
than their own backyard to find investment opportunities.

 

“My general opinion is you invest in your backyard. No matter what market
you’re in, the deal has to make sense. Look to buy property for cash flow. It
helps to be more familiar with the market,” Bronchick
said.

 

Bronchick believes that the best markets to invest
in are those that did not experience dramatic surges in property values during
the boom years earlier this decade simply because prices in those markets are
not crashing as hard now.

 

Bronchick said he has heard of investors looking
to parts of Texas like San
Antonio
, Austin

and Dallas to invest in, as well as
Colorado Springs, Denver,
St. Louis and parts of the Rust
Belt.

 

Dr. Jay Q. Butler, Director of Realty Studies at the Morrison School of
Management and Agribusiness at Arizona

State University,
suggested that jobs and family support are important considerations when determining
where to invest because those two factors are key to
potential tenants or buyers.

 

“Looking at Texas, all of
their markets have been stable beyond belief. Oklahoma

has historically been a stable market. Oklahoma City,
even Tulsa, have been good,” said Butler.
“To some degree so have the Alabama
and Georgia
markets. They have pretty good manufacturing, and the auto industry has moved
into that area. The Carolinas are also historically a
stable market.”

 

Markets like Michigan, California,
Nevada and Arizona
have employment issues with jobs that have been lost and are not going to be
replaced. On top of that some of those same areas have other issues that could
affect the housing market. California,
Nevada and Florida

have water issues confronting them. Michigan
has employment issues caused by the struggling auto industry, while Ohio
has suffered job losses in the steel industry.

 

Plus, Butler noted, many people
who want to move to the warmer climates of California,

Florida and Arizona
won’t end up moving because they don’t want to give up the family support for
things such as daycare and elderly care.

 

“A lot of families are relying on others to help them. Family
and friends for daycare; same thing for the older people.
There’s more
of a need to create an ultra-family type of support system,” he said.

 

Investor’s Choice
Although the markets on this list are not the only
places with good foreclosure investing opportunities, many of the markets are
within states that are generally considered to be more stable in today’s
economy. In the end, however, it is still the investor’s choice as to where to
put his or her money down.

 

Heller categorizes markets two ways: what he calls Category A markets are
those that are much more volatile, having experienced double-digit appreciation
and now have prices falling faster than the national average. These are markets
like California, Florida,
Las Vegas and Arizona.

 

“In these markets, for the most part, the foreclosure rates are higher than
the national average, so the opportunity to acquire investment grade property,
at substantial discounts, is higher,” Heller said. “The blessing is these
markets offer greater potential returns, so it does represent more risk. You’re
able to manage that risk by targeting a higher than normal investor discount.”

 

By contrast, what he calls Category B markets are those that had more stable
year-over-year appreciation over the past seven to 10 years. Markets such as Atlanta,
parts of New York, Minnesota
and North Carolina fall into this
category.

 

“In these markets you have record foreclosures, but closer to the national average, and investors can get a great deal, but probably
not at quite the discounts as in the markets in the first category,” he said.
“These markets represent less risk because of less volatility.”

 
Properties in Category A represent more risk because they are in more desirable
areas of the country. So property values — which shot up much faster in these
markets than in other parts of the country — are now experiencing more of a
freefall in home prices, thus more people are losing their homes.

 

“The encouraging news is times have never been better for an investor
anywhere. In all 50 states. The supply of properties
going through foreclosure has never been greater. One thing an investor needs
to understand is there will still be some falloff in these markets, so the
investor should seek a higher investor discount. That discount needs to allow
for future possible softening,” Heller said.

How much of a discount? Considering the deterioration still going on to a
greater or less extent depending on the market, it can be as much as 40 to 50
percent in Category A markets and 20 to 30 percent in Category B markets.

 

Heller explained it’s all about risk and reward. No matter what market an
investor chooses, when the economy does finally turn around the potential
rewards from the rebound will be exciting.

 

Overall, Heller is less concerned about what particular parts of the country
to invest in than he is about the strength and diversity of that market’s
employment base. Areas where the local economy has been dependent on one
particular industry for a long time are going to be difficult areas for
investors to find tenants to fill their properties.

 

Still, the last year has made a significant difference in investors’ ability
to work no matter what market they are interested in.

“Right now is an investor’s dream. In a period of 12 months the most
challenging part of investing in real estate — finding deals — has gone from
difficult to easy,” Heller said.

 

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