Ten Reasons to Invest in Real Estate

Many of those who succeed in real estate have foresight or the ability to predict the trends in real estate or even the developments that will happen in an area. Some properties do not seem like good money makers but with certain changes in the environment, migration patterns, city developments, etc. they may turn out to be really great investments. Of course, there are risks that need to be taken, and you have to analyze whether you can take the possible failures – emotionally and financially – that may be brought about by these risks. For those who are interested in engaging in such business, here are the top ten reasons people invest in real estate.

1. Real Estate Values Appreciate – this is especially true for areas where there is high demand for properties. Condominiums in cosmopolitan and highly populated cities, for example, can cost an arm and a leg but there it is very unlikely for these properties to depreciate in value especially if they are well maintained. Because of the ever growing world population and the increasing population density in cities, there will always be a demand for real estate. It’s your choice whether you want to be the one renting in the future or if it’s you renting out valuable space.

2. Real Estate Investment offers good profit – Investing in real estate is a proven method of increasing net worth and with a few sound decisions can earn you great profits.

3. Investing in Real Estate Involves Relatively Low Risk – this is true if you have done your homework and invest in good properties. Of course you will need a considerable amount of money to get into this kind of business but at least you know your money is now a tangible asset. You can even buy property under a financing arrangement so you don’t have to shell out all your savings. Some financing companies will allow you to use the property as leverage for your loan. But for this to work you must have good credit history

4. Real Estate can Provide Steady Income – If you have made a good investment, you can recoup your investment from the income that the property will generate in a fairly good length of time. You need to earmark part of the income for renovations and repairs but generally, you should be able to earn good money from your investment.

5. Cash Flow Can be Easily Worked Out – You can arrange your loans and financing so that the monthly income generated from your properties can be greater than your debt payments

6. Real Estate Depreciation Offers Tax Advantages – While your property’s value depreciates in your book prompting lower tax payments, it does not mean the property’s market value has depreciated.

7. Controlled Profits – There are many ways you can control the profit you make from a real estate property. One such instance is when you improve a house to raise its value. You may purchase properties in bad need of repairs and improve the house so you can resell it or rent it out for good gains.

8. Government Tax Brakes – In the United States, real estate investors take advantage of the 1031 exchange. The 1031 exchange allows for investors not to pay taxes on profits made from real estate sales for as long as the money was re-invested to real estate.

9. Other Tax Advantages – Many tax advantages that can be used when investing in real estate. One of these tax advantages is the reduction on income made from interest payments on amortization. When restoring a historical building, part of the expense is covered by the Rehab Investment Tax Credits.

10. Real Estate Property is a Tangible Asset – When you invest in real estate you have a tangible asset unlike when you invest in stocks where if you don’t play your cads right you can lose all your money. In real estate investing even if you don’t make good profits, you won’t lose your entire investment.

Posted in Investment | Tagged | Comments Off on Ten Reasons to Invest in Real Estate

Life Insurance – Protection Comes in Many Forms

There are many flavors of life insurance for you to choose from, but which ever you choose, you will be making certain that your loved ones will not be left with an overpowering financial burden after your death.

Life insurance can provide your family with a legal means to transfer your assets, much like the use of a will. It can give your family the ability to pay for education costs, pay off the mortgage, or simply help to maintain your family’s level of comfort with minimal financial disruptions. It can reduce the stress from compounding grief with financial devastation.

A life insurance policy can be personally customized, with the help of your insurance agent, to fit your requirements.

Here are some types of life insurance to consider:

Term life insurance is the most basic form of insurance, as it is a “pure insurance”. This insurance has only one function; it pays out a specified lump sum upon your death, should your death occur during the period for which you are insured.. This specific lump sum payment goes directly to whomever you left it. Your death benefit and policy limit will be the same under this specific life insurance plan. A $300,000 policy will pay out $300,000 death benefit. It has no investment value, no cash value beyond the death benefit. Also, if your term was 10 years it expire in 10 years. Ten years and one day into the plan, it will have zero value.

With Whole Life Insurance you basically get to protect for your family, while simultaneously, build up a cash value account. Your premium will be larger that that of a term life plan because, part of your premium is an investment. Your insurance provider will be in charge of managing those limited risk investments. Whole life insurance pays a death benefit to your beneficiary while providing you with a low risk cash value account with tax-deferred cash build up. Your premium is fixed and does not go up as long as you continue to pay. Whole life policies, often offer an option for you to receive dividends from your policy, or to use those dividends to reduce your payments. Whole life plans also enable you to withdraw the cash value within your lifetime, or use it to borrow against.

Variable Life Insurance is for the riskier individual. This insurance gives you permanent protection with more account flexibility. Your beneficiary gets a death benefit and you get a low-risk, tax-free cash build up. With variable life, your death benefit will vary relative to the existing cash value of the account, As in a whole life policy, variable plans allow you to borrow from it while you are alive.

Universal Life Insurance is one of the most flexible insurance policies. This also gives you a tax-deferred, low-risk cash return. You can borrow from your cash amount while still living, as receive interest on your balance. With this type coverage, you have the benefit of premium flexibility including the ability to pay more frequently, pay a lower premium for a limited amount of time, or skip premium payments should you need to.

Posted in Insurance | Tagged | Comments Off on Life Insurance – Protection Comes in Many Forms

Continetal Finance Gold MasterCard – The Details

The Continental Finance Gold MasterCard is an unsecured credit card issued by the First Bank of Delaware. It is aimed at people that have a bad history, such as those who have previously not made their payments on time and have generally mismanaged previous accounts.

You will be assigned an initial limit which can vary from $75 to $300. The actual APR will depend on a number of things, but could be as low as 9.75% APR. The card also offers semi-annual limit increases, if you then pay off a good amount of your balance every month on time. These are applied in chunks of $75, increasing your limit up to a maximum of $2,000.

It is accepted for paying for goods and services worldwide. It also offers online access, allowing you to check your balance, pay your monthly bill and see your recent statements. There are also a number of additional online tools to help you manage your finances.

A key component is that it offers monthly reporting to the major bureaus. This means that if you are managing your finances well and paying your monthly bills on time, your rating could start to improve. You will be creating some positive payment history with the bureaus.

As with most type of offer, there are additional fees that you should be aware of before you apply. There is a one-time account processing fee that is charged, as well as an annual fee and an account maintenance fee. You should read the information carefully before committing, and see whether this is right for you.

It is also important that you make your monthly payment on time; otherwise you will be charged a late payment fee of $35. The same charge applies if you perform transactions that take you over your limit.

In order to apply you will need to verify your identification and address, and should be over 18 years old (19 in some states). There are also a small number of exclusions; you cannot reside in Wisconsin or New York, for instance. Customers who meet the criteria will be approved instantly, and will receive their cards within a few days.

If you apply for the Continental Finance Gold MasterCard and are turned down, you may be offered a Classic instead. This carries a higher APR of 19.92%, and the charges and fees vary slightly. However before you apply for any offer make sure you read the terms and conditions and are fully aware of what fees the card caries.

Posted in Finance | Tagged | Comments Off on Continetal Finance Gold MasterCard – The Details

10 Common Online Business Assumptions Made Daily By Solopreneurs

Not every online business strategy works for every business. Unfortunately, many Solopreneurs will continue to force themselves into one standard. Don’t let that be you. Learn some PROVEN tactics to help you avoid these common pitfalls of assumptions and set your brand up for profitable success.

With over 4 Billion+ active online businesses, and all of them fighting for attention, the Internet has made it possible for companies of various sizes to compete on a level playing field of sorts. The main issue remains that most of these companies are unsure how to gain the buying attention of potential clients for their products or services. Creating a Power Crew will be essential to your success as a Solopreneur because you will have to trust someone to help you handle day-to-day tasks. Check out these 10 common assumptions made in online business that you should avoid in order to have a successful head start.

  1. Skimming on Investing. There is a large difference between spending smart and just being cheap. The Cheap Comes Out Expensive (“Lo Barato Sale Caro” – Judge Marilyn Milian). Reciprocity goes a very long way and helps you build a secure and trusted network. Everyone wants a deal when spending their hard earn money. Most business people have heard the saying, “you have to spend money to make money.” Actually when you take your brand seriously enough to invest in it, be it time or money, you will ensure that everyone on your Power Crew is properly compensated. This could be financially or through barter systems. Either way, you should be willing to give as much or more than you take from others.
  2. Remaining Blissfully Ignorant. Are you leaving clients under-serviced because you refuse to explore new opportunities and creative possibilities? Put some investigative action behind your motives. Ask your Virtual or In-House Assistant to check out some new avenues. Hire someone to manage these new avenues for you and add them to your Power Crew. They would usually be focused on these tasks for at least 5 hours a week; 1 hour a day. Ignorance is not bliss, especially in business. there are too many opportunities out there for Solopreneurs to get on track and dominate some corner of their market.
  3. Financing Blindly Without Reason. How can you properly guide your brand into financial success or at the very least avoid bankruptcy if you cannot track how much money is flowing throughout your business? If you are shocked at the amount of money you have spent over a one-year span, are constantly hunting down all of your expenses at tax time, and/or are always living in the red then you’re doing everything all wrong. Don’t become accepting of your business being a financial burden on you. You should have a budget in place to help you remain on track. Remember, you started this for FREEDOM not to trade on pair of frustration created shackles for another.
  4. Maintenance Is An Option. I see many clients who believe that paying someone to manage their website is a waste of time, yet these are the same people who’s websites are constantly outdated behind the scenes and left vulnerable. Your carelessness is a hackers dream key to your Information Buffet. So much of these items can and should be automated, but you have to remain vigilant in protecting your online business. If you are collecting customer information, there is no room to be casual about Website Security and Maintenance.
  5. Keeping Up with the Joneses. Doing all you can to follow what the crowd is doing rather than taking stock in what will work for your brand is ultimately a waste of time for you. This is not to say that watching your competition and friendly peers cannot be a learning experience. you simply have to learn to take the learning knowledge and map out your own destiny.
  6. Online Businesses Don’t Need A Budget. As an extension of financing your business blindly, you need to realize that just because you have an online business, you are not exempt from having a budget. many believe that because they don’t have the rent of a brick-and-mortar establishment, they are free to spend wildly. That is not the case. Your “rent” is your hosting provider, your domain name, and your SSL Certificate. Your “utilities” are your financial manager (accountant/apps), email automation services, payroll, and anything else that helps you run your business. You MUST track these and be sure that you are not using up all of your resources without turning some type of profit to pay the rent or mortgage AND put food on your table.
  7. Disconnected from Reality of Running A Business. Remain grounded and connected to the roots of your business so that you are aware of what is happening and are ready to rework any strategies accordingly. Even when people consider themselves “successful” they know there is continuous work involved in maintaining the level of success they enjoy or want to excel to. Taking into account everything we’ve discussed, these pieces all come together to help you face, head-on, the realities of running a business.
  8. Blaming Others for Your Failures. The Blame game is a waste of time. Don’t allow Accountability to become some passive catchphrase in your business. Live up to how you would want clients and another business to treat you. If you or your brand fell short or messed up, take that as an opportunity to improve and get back on track. Ask for feedback. Failure is not a bad thing if you don’t allow it to become a stumbling block or a crutch. Boss up and take responsibility while showing others working with you that they need to do they same. Showing is way better than Telling!
  9. Being Online Is An Automatic Success. No online business is an automatic success and anyone who tells you different is lying to you. I thought that once my website was up and running I would be set. Well, not exactly set, but the bulk of my work would be complete. I was so wrong and didn’t even realize how wrong I was. I had to become a quick study on e-marketing, copywriting, and product creation to really get my business going. Not an expert, but I had to get my rump in gear fast so that I could manage just enough to get things where I wanted them to be. Automation can make things easier for you, but without you putting ACTION behind the KNOWLEDGE you collect, your brand is dead in the water.
  10. Misinformation. Stay as informed as possible. “He said, She said” doesn’t work when you need to share information with your Power Crew and customers. Never allow yourself to miss out on innovative moves occurring within your industry, or in other industries. If an app or software was not compatible of your business in 2011, check back and see if things have changed. If you didn’t think Twitter, Pinterest, or Instagram were a good fit for your business and your customers would not be interested in a company blog, rethink these moves. Try things out. You may be surprised at the results and new information that flows in from these various options.

Boss Up

Once you have figured out what causes your business to thrive like a well watered plant, you’ll begin to reap the benefits of a profitable business and brand overall. I think of my business as a well-watered plant because there is energy tied to it. It needs my care in order to survive. My emotions affect my business and I need to maintain them both.

Clients want to know that you, as a business owner, care enough to pay attention to small details while maintaining the overall picture of success.

The Rundown

Put your all into your business. After all, most of us are not here for a one-night stand. Instead, we’re in it to win it! So get yourself out there and arm your brand against these 10 common assumptions most Solopreneurs make in online business.

To Your Continued Success & Learning!

Posted in Business | Tagged | Comments Off on 10 Common Online Business Assumptions Made Daily By Solopreneurs