Technology Drives Bangalore Real Estate
by George Gonigal
Internet retail sales has had a dramatic impact on retail properties in Bangalore by reinforcing the trend towards entertainment and convenience oriented tenants, and enabling retailers to expand into multichannel distribution systems incorporating Internet sites and "land based" stores. Technology is so pervasive in our society that it is difficult to isolate and evaluate its influence on real estate demand. Technology's influence on demand is generally positive given its fundamental importance to economic growth.
Fortunately, through continuing innovations, adapting tenant mixes, and capital investment, retail property owners can moderate many potential declines in retail demand from consumers. In the long term, rent pressure is expected as and when the communication distribution channel grows, says Zaffar Sait, DGM Business Development, Prestige Group, Bangalore.
However, technology will significantly reduce demand in some areas and increase demand in others, making winners or losers out of certain properties or geographic markets. Investors and other real estate professionals who maintain vigilance concerning technology change will outperform their competitors. Impact on commercial properties
Technology is generating a net positive effect on the office employment growth in turn creating a huge demand for real estate in Bangalore. The demand for "intelligent" building technologies by office tenants is not in its infancy. Regardless of the type or size of tenant, the key issues driving tenant office leasing decisions are cost, proximity to the boss's residence, access to current and potential employees, proximity to customers or clients, and proximity to restaurants and recreation.
Few industrial property owners are interested in "intelligent" building technology. Owners are focused on providing the backbone infrastructure to enable the widest range of tenants to be accommodated in their properties.
Technology has been a key driver of Bangalore's economy historically, and will be so in the future. Accordingly, while many new technologies appear, in isolation, to reduce real estate demand, the net effect of technology on economic growth and real estate demand is fairly positive.
วันอาทิตย์ที่ 6 มกราคม พ.ศ. 2551
New York City Real Estate : More Than a Great Home
New York City Real Estate : More Than a Great Home
by Victoria M. Brown
New York City living opens the door to more than just a great home. It's an all-encompassing lifestyle that often includes world class entertainment, museums, restaurants, and spas. The lifestyle that can be found by living in New York City cannot be found any place else.
Boredom is a not word that is used in New York City. You can always find something to do, some form of entertainment. For the theatre lover, there is Broadway. You can see a show that has been running for years or one that has just opened. During the holidays, you can ice-skate around the Christmas Tree in Rockefeller Center or walk through the streets to see all the Christmas windows. You can go to a live taping of a talk show or to a concert at one of the city's many venues. And since the city never sleeps, you can always find exciting night life.
If you want to escape to a quiet, intellectual setting, New York City is still the right place for you. The Big Apple is filled with world class museums of all kinds; whether it be museums that display art, history, technology, and more. There's so many to choose from. You can find a museum to interest everyone, no matter what their likes and hobbies are. In addition to museums, you can also escape to the many zoos, aquariums, parks and gardens.
There's no other place in the world that has such a diverse menu of food to choose from. You can find restaurants that specialize in any type of cuisine. Since NYC is a culture "melting pot", you can taste food from around the world. You can find it all in New York. Whether you want to go out to a fancy dinner with a date or grab a $2 slice of pizza on your way home from work, both will probably be the best you have ever had.
When the excitement has started to leave you feeling tired, you can relax at one of the city's many spas. New York City spas are one of the best ways to simply relax and unwind. You can find some of the finest spas in the world and receive the most luxurious, unique treatments. There's a reason why people from all over the world flock to NYC.
With everything that New York City has to offer, from the excitement to the relaxation, there is no better place to live. Opening a door to a new home in New York City opens the door to a new lifestyle, a lifestyle that is like no other.
by Victoria M. Brown
New York City living opens the door to more than just a great home. It's an all-encompassing lifestyle that often includes world class entertainment, museums, restaurants, and spas. The lifestyle that can be found by living in New York City cannot be found any place else.
Boredom is a not word that is used in New York City. You can always find something to do, some form of entertainment. For the theatre lover, there is Broadway. You can see a show that has been running for years or one that has just opened. During the holidays, you can ice-skate around the Christmas Tree in Rockefeller Center or walk through the streets to see all the Christmas windows. You can go to a live taping of a talk show or to a concert at one of the city's many venues. And since the city never sleeps, you can always find exciting night life.
If you want to escape to a quiet, intellectual setting, New York City is still the right place for you. The Big Apple is filled with world class museums of all kinds; whether it be museums that display art, history, technology, and more. There's so many to choose from. You can find a museum to interest everyone, no matter what their likes and hobbies are. In addition to museums, you can also escape to the many zoos, aquariums, parks and gardens.
There's no other place in the world that has such a diverse menu of food to choose from. You can find restaurants that specialize in any type of cuisine. Since NYC is a culture "melting pot", you can taste food from around the world. You can find it all in New York. Whether you want to go out to a fancy dinner with a date or grab a $2 slice of pizza on your way home from work, both will probably be the best you have ever had.
When the excitement has started to leave you feeling tired, you can relax at one of the city's many spas. New York City spas are one of the best ways to simply relax and unwind. You can find some of the finest spas in the world and receive the most luxurious, unique treatments. There's a reason why people from all over the world flock to NYC.
With everything that New York City has to offer, from the excitement to the relaxation, there is no better place to live. Opening a door to a new home in New York City opens the door to a new lifestyle, a lifestyle that is like no other.
วันเสาร์ที่ 5 มกราคม พ.ศ. 2551
Real Estate Services for NRIs
Real Estate Services for NRIs
by Ruchi Khurana
Real Estate is booming in India like never before. Almost all sectors of the industry - be it commercial, residential or retail are witnessing an exponential growth in major as well as the B Grade cities of India. This astounding growth in the real estate segment has attracted the interest of NRIs and they are more than ever keen on investing their hard earned moolah in the highly lucrative Indian real estate market.
Owing to the spurt in demand, a lot many real estate companies and service firms are providing dedicated services to Non-Resident Indians interested in making investments. The service providers' help NRIs make assessment of the properties, judge its worth and help make informed investment decisions. Depending upon the client's request real estate service providers keep a tab on upcoming projects, help them in availing finance and even provide assistance in completing legal formalities pertaining to the purchase of property.
Apart from the real estate management a host of companies are providing property maintenance services in India. These services are highly beneficial for NRIs who have property in India or who wish to assist their parents and loved ones in taking care of their residential or commercial property. Most popular services covered under property maintenance is the renting of property. Real estate service providers help their clients in letting out their property by looking for eligible tenants. They even help them in collection of payments and complete other formalities. Non-Resident Indians may also take help of real estate service providers to find property on rent for their friends and family members.
Other services coming under property maintenance portfolio include whitewashing, plumbing, carpentry and electrician jobs, gardening, pest controlling etc. Many service providers also offer you the option of subscribing to annual maintenance packages at discounted rates and ensure complete care of your property.
by Ruchi Khurana
Real Estate is booming in India like never before. Almost all sectors of the industry - be it commercial, residential or retail are witnessing an exponential growth in major as well as the B Grade cities of India. This astounding growth in the real estate segment has attracted the interest of NRIs and they are more than ever keen on investing their hard earned moolah in the highly lucrative Indian real estate market.
Owing to the spurt in demand, a lot many real estate companies and service firms are providing dedicated services to Non-Resident Indians interested in making investments. The service providers' help NRIs make assessment of the properties, judge its worth and help make informed investment decisions. Depending upon the client's request real estate service providers keep a tab on upcoming projects, help them in availing finance and even provide assistance in completing legal formalities pertaining to the purchase of property.
Apart from the real estate management a host of companies are providing property maintenance services in India. These services are highly beneficial for NRIs who have property in India or who wish to assist their parents and loved ones in taking care of their residential or commercial property. Most popular services covered under property maintenance is the renting of property. Real estate service providers help their clients in letting out their property by looking for eligible tenants. They even help them in collection of payments and complete other formalities. Non-Resident Indians may also take help of real estate service providers to find property on rent for their friends and family members.
Other services coming under property maintenance portfolio include whitewashing, plumbing, carpentry and electrician jobs, gardening, pest controlling etc. Many service providers also offer you the option of subscribing to annual maintenance packages at discounted rates and ensure complete care of your property.
Costa Rica Real Estate : Economic, Political, and Social Stability
Costa Rica Real Estate : Economic, Political, and Social Stability
by Victoria M. Brown
Amidst the political and social turbulence that plagues many of the Latin America countries, Costa Rica has been able to sidestep that. The economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and as one of its most important strengths, has enabled it to reach great success in luring foreign investors.
Costa Rica's government has been a stable democracy since 1949. The country's success was recognized in 1987 when President Arias Sanchez was awarded the Nobel Peace Prize. The award was granted for the president's high ethical standards and the image that he portrayed as a representative of the Costa Rican people. The people share in his high ethics and morals. They are recognized to be among the top educated and socially aware people in the world.
Political Stability
Costa Rica was the first country in the world to constitutionally abolish its army. Following civil war in the 1940's, Costa Rica ended rule by armed forces and established a democratic republic. Since 1949, the Costa Rican government has been a stable democracy that is governed by a strong, democratic constitution. Even before the current democracy was established, the Costa Rican government stemmed from a political tradition of rule by the majority. Its government has also been able to work towards pacification and successfully avoid the widespread violence that occurs throughout most of Latin America. Costa Rica is one of the most stable governments in the region.
Economic Stability
For the past twenty years, Costa Rica has not experienced any economic crisis. For a developing country, that is a great accomplishment. Poverty has been reduced from 40 percent of the population to below 20 percent of the population, which is over a 50 percent reduction. The average economic growth rate of the country is approximately 2.5 percent each year. Costa Rica has increased their participation in world trade as well. Exports rose from 30 percent of the GDP in 1980 to 50 percent in 2000. The increase in trade has led to an expansion of the economy and greatly reduced the economy's vulnerability to financial crisis. As the Central American Free Trade Agreement (CAFTA) was implemented, Costa Rica was further integrated into the world economy and economic stability was further established.
With a $1.9-billion-a-year tourism industry, Costa Rica stands as the most visited nation in the Central American region. Most of the tourists come from the U.S. (54%) which translates into a relatively high expenditure per tourist of $1000 per trip. In 2005, tourism contributed with 8.1% of the country's GNP and represented 13.3% of direct and indirect employment. Ecotourism is extremely popular with the many tourists visiting the extensive national parks and protected areas around the country. Costa Rica was a pioneer in this type of tourism and the country is recognized as one of the few with real ecotourism. The protection of the environment has also become a top priority to Costa Ricans and their government.
Social Stability
As Costa Rica has succeeded in implementing political and economic stability, many of the country's policies focus on social stability. Economic and political policies have helped to ensure that the basic needs of the people are being met and the standard of living is continually improving. The Costa Rican people are well-educated and nearly the whole population is literate. The literacy rate in Costa Rica is of 96% (CIA World Factbook, February 2007). Elementary and high schools are found throughout the country in practically every community. Universal public education is guaranteed in the Constitution. Primary education is obligatory, and both preschool and high school are free. There are both state and private universities.
According to the United Nations Study conducted in 1980s, Costa Rica's medical system was first in Latin America and ranked near the United States and Canada among the 20 best in the world. There is access to clean water and health services and the life expectancy rate is high. The World Health Report (1995) placed Costa Rica third in life expectancy in the world. All of Costa Rica's social indicators are among the best in Latin America.
All of the achievements that the Costa Rican government has made in the past 50 years have led to political, economic, and social stability. It is no reason why Costa Rica Real Estate Investments are increasing at an alarming rate each year. According to the U.S. Embassy's website, over 20,000 private American citizens reside in the country. While property prices still remain extremely reasonable, the great attraction to Costa Rica, on all levels, is raising property prices and many investors are enjoying double-digit appreciation annually.
by Victoria M. Brown
Amidst the political and social turbulence that plagues many of the Latin America countries, Costa Rica has been able to sidestep that. The economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and as one of its most important strengths, has enabled it to reach great success in luring foreign investors.
Costa Rica's government has been a stable democracy since 1949. The country's success was recognized in 1987 when President Arias Sanchez was awarded the Nobel Peace Prize. The award was granted for the president's high ethical standards and the image that he portrayed as a representative of the Costa Rican people. The people share in his high ethics and morals. They are recognized to be among the top educated and socially aware people in the world.
Political Stability
Costa Rica was the first country in the world to constitutionally abolish its army. Following civil war in the 1940's, Costa Rica ended rule by armed forces and established a democratic republic. Since 1949, the Costa Rican government has been a stable democracy that is governed by a strong, democratic constitution. Even before the current democracy was established, the Costa Rican government stemmed from a political tradition of rule by the majority. Its government has also been able to work towards pacification and successfully avoid the widespread violence that occurs throughout most of Latin America. Costa Rica is one of the most stable governments in the region.
Economic Stability
For the past twenty years, Costa Rica has not experienced any economic crisis. For a developing country, that is a great accomplishment. Poverty has been reduced from 40 percent of the population to below 20 percent of the population, which is over a 50 percent reduction. The average economic growth rate of the country is approximately 2.5 percent each year. Costa Rica has increased their participation in world trade as well. Exports rose from 30 percent of the GDP in 1980 to 50 percent in 2000. The increase in trade has led to an expansion of the economy and greatly reduced the economy's vulnerability to financial crisis. As the Central American Free Trade Agreement (CAFTA) was implemented, Costa Rica was further integrated into the world economy and economic stability was further established.
With a $1.9-billion-a-year tourism industry, Costa Rica stands as the most visited nation in the Central American region. Most of the tourists come from the U.S. (54%) which translates into a relatively high expenditure per tourist of $1000 per trip. In 2005, tourism contributed with 8.1% of the country's GNP and represented 13.3% of direct and indirect employment. Ecotourism is extremely popular with the many tourists visiting the extensive national parks and protected areas around the country. Costa Rica was a pioneer in this type of tourism and the country is recognized as one of the few with real ecotourism. The protection of the environment has also become a top priority to Costa Ricans and their government.
Social Stability
As Costa Rica has succeeded in implementing political and economic stability, many of the country's policies focus on social stability. Economic and political policies have helped to ensure that the basic needs of the people are being met and the standard of living is continually improving. The Costa Rican people are well-educated and nearly the whole population is literate. The literacy rate in Costa Rica is of 96% (CIA World Factbook, February 2007). Elementary and high schools are found throughout the country in practically every community. Universal public education is guaranteed in the Constitution. Primary education is obligatory, and both preschool and high school are free. There are both state and private universities.
According to the United Nations Study conducted in 1980s, Costa Rica's medical system was first in Latin America and ranked near the United States and Canada among the 20 best in the world. There is access to clean water and health services and the life expectancy rate is high. The World Health Report (1995) placed Costa Rica third in life expectancy in the world. All of Costa Rica's social indicators are among the best in Latin America.
All of the achievements that the Costa Rican government has made in the past 50 years have led to political, economic, and social stability. It is no reason why Costa Rica Real Estate Investments are increasing at an alarming rate each year. According to the U.S. Embassy's website, over 20,000 private American citizens reside in the country. While property prices still remain extremely reasonable, the great attraction to Costa Rica, on all levels, is raising property prices and many investors are enjoying double-digit appreciation annually.
How to Sit Pretty in a Real Estate Buyer's Market
How to Sit Pretty in a Real Estate Buyer's Market
by Kristin Abouelata
Thinking of buying a home because opportunities abound and rates are low? Here are a few tips to get you what you want.......
It's a buyer's market right now. Rates are low, houses are available. There will always be people buying and selling homes. Opportunities abound from which to benefit. But, how do you make sure you're sitting in the catbird seat when the right opportunity is available to you?
Get your ducks in a row. First things first, review your credit. Now. Word on the street is 79% of all credit reports have errors. Some may be significant enough to prevent you from qualifying for a mortgage. You can pull a free report from each of the three bureaus every twelve months by visiting annualcreditreport.com. If you do see something that looks out of whack, address it immediately. Take your credit report seriously. Treat it with respect because your credit score and history are the most important indicators to be considered when applying for a mortgage.
Start saving money for a down payment. Sure, there are 100% loans still available, especially for the first time homebuyer. However, you are going to save money in the long run if you have a little something to put down. Mortgage insurance, required on loans with less than 20% down, is tiered. You will not pay the same monthly mortgage insurance for a loan with 5% down that you would if you put 10% down. And don't forget, you still may have to foot prepaid items like taxes, insurance, interest, etc. or a portion of the closing costs.
Make sure you really know what you make and are able to verify it. Also, know your true bank and asset balances. The days of stated income responses from underwriting engines are few and far between. There are exceptions, but who knows if you are one of them at this point? Better safe than sorry.
And here is a great bit of info to keep your credit score high. Try to keep your credit cards to under 25% of the available balance. Not always easy to do. I completely understand. However, if you are unable to pay it down, you may want to see if the creditor will raise your credit limit to tweak your ratios.
Ok, so here is the no brainer tip. Pay your bills on time. Always avoid paying over 30 days late. Always pay your mortgage first, then sweat the other bills. That one ding on a mortgage payment can completely knock you out of the lending arena.
After addressing the above, consult a good mortgage lender and see where you stand. It's important to be pre-qualified for a loan before you find a house. It really strengthens your offer when the seller knows you are a serious contender who can obtain financing. You negotiate from a position of strength.
Don't forget to ask around or use a realtor you know and trust. Just like a lender, the more experienced - the better. Work only with people with whom you "click" that listen to you and work hard for you.
It's a great time to buy. If you're so inclined, use these tips and be prepared to take advantage of the current housing climate!
by Kristin Abouelata
Thinking of buying a home because opportunities abound and rates are low? Here are a few tips to get you what you want.......
It's a buyer's market right now. Rates are low, houses are available. There will always be people buying and selling homes. Opportunities abound from which to benefit. But, how do you make sure you're sitting in the catbird seat when the right opportunity is available to you?
Get your ducks in a row. First things first, review your credit. Now. Word on the street is 79% of all credit reports have errors. Some may be significant enough to prevent you from qualifying for a mortgage. You can pull a free report from each of the three bureaus every twelve months by visiting annualcreditreport.com. If you do see something that looks out of whack, address it immediately. Take your credit report seriously. Treat it with respect because your credit score and history are the most important indicators to be considered when applying for a mortgage.
Start saving money for a down payment. Sure, there are 100% loans still available, especially for the first time homebuyer. However, you are going to save money in the long run if you have a little something to put down. Mortgage insurance, required on loans with less than 20% down, is tiered. You will not pay the same monthly mortgage insurance for a loan with 5% down that you would if you put 10% down. And don't forget, you still may have to foot prepaid items like taxes, insurance, interest, etc. or a portion of the closing costs.
Make sure you really know what you make and are able to verify it. Also, know your true bank and asset balances. The days of stated income responses from underwriting engines are few and far between. There are exceptions, but who knows if you are one of them at this point? Better safe than sorry.
And here is a great bit of info to keep your credit score high. Try to keep your credit cards to under 25% of the available balance. Not always easy to do. I completely understand. However, if you are unable to pay it down, you may want to see if the creditor will raise your credit limit to tweak your ratios.
Ok, so here is the no brainer tip. Pay your bills on time. Always avoid paying over 30 days late. Always pay your mortgage first, then sweat the other bills. That one ding on a mortgage payment can completely knock you out of the lending arena.
After addressing the above, consult a good mortgage lender and see where you stand. It's important to be pre-qualified for a loan before you find a house. It really strengthens your offer when the seller knows you are a serious contender who can obtain financing. You negotiate from a position of strength.
Don't forget to ask around or use a realtor you know and trust. Just like a lender, the more experienced - the better. Work only with people with whom you "click" that listen to you and work hard for you.
It's a great time to buy. If you're so inclined, use these tips and be prepared to take advantage of the current housing climate!
Investment Property Advice For Real Estate Investors
Investment Property Advice For Real Estate Investors
by Alex Anderson
Author of the Rich Dad book series, Robert Kiyosaki, says his "Rich Dad" asserts that investing in real estate isn't rocket-science. He said it's simply a matter of using sound judgment. But it's common knowledge that common-sense isn't, in fact, all that typical.
Kiyosaki also says, the "worst" investors are those who have simply not studied the things that produce positive results. They adopt the viewpoint that investing in real estate is either too much of a risk or a rip off. Others leap before they look and end up losing money.
The best advice anyone can give you having to do with investing is simply to educate oneself. If, in your haste to make money, you take action without an education, you will be doing yourself a great disservice. One of your most valuable resources is time and if you squander that, you will often find that your money will follow - money you have that you wind up losing, equity you would have made if you'd just taken the time to figure out the techniques of successful investors.
"That is great," you may say. You probably accede that getting a good education is invariably a good thing. At the end of the day, knowledge is power. But "what education should I get?" may be your 1st question. Your 2nd is probably going to be, "How do I go about getting it?"
The first thing you should do is study some essential accounting, which is not as ambiguous as it sounds. Accounting is the language of business. If you're investing in a company or a piece of property or what have you, you will want to be willing to check up on it and see if it will be a benefit (earn you money) or a liability (lose your money). It sounds like common wisdom when you think about it, doesn't it? But if you want to be able to determine those things, you will want to be able to evaluate your financial-statements.
There are 4 basic types of financial statements: cash flow statements, income statements, balance sheets, and statements that express changes in a share holder's equity. The last is pretty self explanatory, and deals with the characteristics that lie surrounded by equity at two opposing points in time. Shareholder equity is the net worth of a company, or it's total assets minus its total liabilities.
Your cash flow statement is a document that details the cash used in making a company function correctly, plus where the money came from. Wikipedia relates a business to a large vat of water that holds more of the liquid and also has lines running from within to the outside of it - into the investor's pockets and those to whom the business is in debt. The cash-flow-statement attempts to describe the activity of the water - or the flow of your cash.
The earnings (or P&L statement) watches out for a company's earnings and expenses over a given time period, as the balance sheet provides a description the same thing for 1 distinct window of time and addresses assets and liabilities.
It may seem quite straight-forward until you reflect upon Kiyosaki's words on discerning your assets and your liabilities apart from one another. He says that the lending institution, for instance, will list your home as an asset. It seems reasonable. After all, it's something you own, right? Yet as stated by Kiyosaki's rich dad's statement of liabilities and assets, your house is in fact a liability. It's considered a liability because it ultimately costs you money in dues and updates. It undoubtedly is not making income for you, and up to the time it starts doing that (say, you move out and are able to rent the first property out to make a profit), then it is not an asset.
Not that the bank is lying to you outright. A house is an asset on their balance sheet because it is making money for THEM.
That's the type of thing you can decide for yourself and determine whether you are losing or making money on an investment, if you take the time to educate yourself education. Remember: Knowledge is POWER.
by Alex Anderson
Author of the Rich Dad book series, Robert Kiyosaki, says his "Rich Dad" asserts that investing in real estate isn't rocket-science. He said it's simply a matter of using sound judgment. But it's common knowledge that common-sense isn't, in fact, all that typical.
Kiyosaki also says, the "worst" investors are those who have simply not studied the things that produce positive results. They adopt the viewpoint that investing in real estate is either too much of a risk or a rip off. Others leap before they look and end up losing money.
The best advice anyone can give you having to do with investing is simply to educate oneself. If, in your haste to make money, you take action without an education, you will be doing yourself a great disservice. One of your most valuable resources is time and if you squander that, you will often find that your money will follow - money you have that you wind up losing, equity you would have made if you'd just taken the time to figure out the techniques of successful investors.
"That is great," you may say. You probably accede that getting a good education is invariably a good thing. At the end of the day, knowledge is power. But "what education should I get?" may be your 1st question. Your 2nd is probably going to be, "How do I go about getting it?"
The first thing you should do is study some essential accounting, which is not as ambiguous as it sounds. Accounting is the language of business. If you're investing in a company or a piece of property or what have you, you will want to be willing to check up on it and see if it will be a benefit (earn you money) or a liability (lose your money). It sounds like common wisdom when you think about it, doesn't it? But if you want to be able to determine those things, you will want to be able to evaluate your financial-statements.
There are 4 basic types of financial statements: cash flow statements, income statements, balance sheets, and statements that express changes in a share holder's equity. The last is pretty self explanatory, and deals with the characteristics that lie surrounded by equity at two opposing points in time. Shareholder equity is the net worth of a company, or it's total assets minus its total liabilities.
Your cash flow statement is a document that details the cash used in making a company function correctly, plus where the money came from. Wikipedia relates a business to a large vat of water that holds more of the liquid and also has lines running from within to the outside of it - into the investor's pockets and those to whom the business is in debt. The cash-flow-statement attempts to describe the activity of the water - or the flow of your cash.
The earnings (or P&L statement) watches out for a company's earnings and expenses over a given time period, as the balance sheet provides a description the same thing for 1 distinct window of time and addresses assets and liabilities.
It may seem quite straight-forward until you reflect upon Kiyosaki's words on discerning your assets and your liabilities apart from one another. He says that the lending institution, for instance, will list your home as an asset. It seems reasonable. After all, it's something you own, right? Yet as stated by Kiyosaki's rich dad's statement of liabilities and assets, your house is in fact a liability. It's considered a liability because it ultimately costs you money in dues and updates. It undoubtedly is not making income for you, and up to the time it starts doing that (say, you move out and are able to rent the first property out to make a profit), then it is not an asset.
Not that the bank is lying to you outright. A house is an asset on their balance sheet because it is making money for THEM.
That's the type of thing you can decide for yourself and determine whether you are losing or making money on an investment, if you take the time to educate yourself education. Remember: Knowledge is POWER.
Reasons To Go For Real Estate Investment
Reasons To Go For Real Estate Investment
by Nahpihta Onamnuhc
Current info about real estate investment is not always the easiest thing to locate. Also, it is quite challenging for new comers who what to enter to this industry. Fortunately, this report includes the latest real estate investment info available.
As today, real estate industry has been attracted by many of investors, especially ones who wan to become a real estate broker. It has bee told that real estate investment is one of the most investment type that give very high ROI and could become very quick profitable. One of the reason that make real estate investment is very high profitable is because they involve with the high value property, people who invest in this sector get very high rate of commission based on the property they selling. Also Real estate is more of a stable investment than many others; vary rarely does property value ever go down, and it is the thing that everyone need to have for their residence.
There are many format of real estate investments such as broker, which you have a job to be an agent of the house owner who is selling their house or you can be a real estate investor who buy an old house in a very cheap price, then you renovate and maintenance it fix it up and sell for a higher price, which is generally called home flipping, or the other popular for mat of real estate investment is the rental, which you buy a house, apartment or flat and open for rent.
No matter which way you are doing in real estate property, it still the business that give very high profit. However, before you decide to enter to the market, you have to make sure that you have enough knowledge about this industry such as market condition, competitor analysis etc. If you find yourself confused by what you've read to this point, don't despair. Everything should be crystal clear by the time you finish.
However, in this article, I would like to give you some of initial guideline on a type of real estate investment, which is probably the most get rich quick one, home flipping. Home flipping can be called house flipping, it is the type of real estate investment that you looking for a very cheap old house and then fix or re-decorate it to become a new house and sell in higher price. This kind of business could give you a profit in a very short time as soon as you can sell the house that has just renovated. However, you may curious that what is the key of success of home flipping business.
It is really depends on quite some factors such as the location of the house, the market price and the style of decoration that have been renovated. However, one of the most important key that indicate the fail or success is the cost of the house. If possible, you should find the old house that has lowest cost in order to gain maximum profit. Those who only know one or two facts about real estate investment can be confused by misleading information. The best way to help those who are misled is to gently correct them with the truths you're learning here.
by Nahpihta Onamnuhc
Current info about real estate investment is not always the easiest thing to locate. Also, it is quite challenging for new comers who what to enter to this industry. Fortunately, this report includes the latest real estate investment info available.
As today, real estate industry has been attracted by many of investors, especially ones who wan to become a real estate broker. It has bee told that real estate investment is one of the most investment type that give very high ROI and could become very quick profitable. One of the reason that make real estate investment is very high profitable is because they involve with the high value property, people who invest in this sector get very high rate of commission based on the property they selling. Also Real estate is more of a stable investment than many others; vary rarely does property value ever go down, and it is the thing that everyone need to have for their residence.
There are many format of real estate investments such as broker, which you have a job to be an agent of the house owner who is selling their house or you can be a real estate investor who buy an old house in a very cheap price, then you renovate and maintenance it fix it up and sell for a higher price, which is generally called home flipping, or the other popular for mat of real estate investment is the rental, which you buy a house, apartment or flat and open for rent.
No matter which way you are doing in real estate property, it still the business that give very high profit. However, before you decide to enter to the market, you have to make sure that you have enough knowledge about this industry such as market condition, competitor analysis etc. If you find yourself confused by what you've read to this point, don't despair. Everything should be crystal clear by the time you finish.
However, in this article, I would like to give you some of initial guideline on a type of real estate investment, which is probably the most get rich quick one, home flipping. Home flipping can be called house flipping, it is the type of real estate investment that you looking for a very cheap old house and then fix or re-decorate it to become a new house and sell in higher price. This kind of business could give you a profit in a very short time as soon as you can sell the house that has just renovated. However, you may curious that what is the key of success of home flipping business.
It is really depends on quite some factors such as the location of the house, the market price and the style of decoration that have been renovated. However, one of the most important key that indicate the fail or success is the cost of the house. If possible, you should find the old house that has lowest cost in order to gain maximum profit. Those who only know one or two facts about real estate investment can be confused by misleading information. The best way to help those who are misled is to gently correct them with the truths you're learning here.
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