Real Estate Investing is the craze today with people involved in the Carlton Sheets program spending money on courses to find out how they can make money in no money down real estate investing. This article hopes to help you create some sort of mental picture of five key principles that can help you make more money with real estate today.Principle #1- The money is made in the purchaseReal estate investing is like value investing in stocks and you want to purchase the real estate during a period of a real estate slump. The reason for this is so that you can get a huge capital appreciation when the real estate market heats up again.Spending time doing real estate valuation is critical since if you cannot satisfy yourself on the maths that is a viable proposition, there is no way that your real estate investment would be a good one.Principle #2- Monitor Cash flowReal Estate investment typically have a monthly rental income which then is used to pay for mortgage instalments and other problems with the building like a roof leak. You would thus have to keep a close watch on interest rate hikes since they can potentially erode any calculated return on investment quite quickly. Once you have enough cash coming in, it is suggested that you then keep some of it in a rainy day fund in case some of the rental tenants do not renew their property and then take the rest and consider investing in another real estate investment property.Principle #3- Leverage on other people’s timeRemember that no one can do everything, so the key is to focus on what you do best. If your strength is in negotiating deals, spend time looking for property and then get professionals and contractors to handle all the rest of the deal for you. Similarly, if you are good at decorating property, then find deals and focus on the interior design of the property. By focusing on what you do best and getting other people to do the rest of the work, you are leveraging on their time and you can then make more money from each new real estate investment that you undertake. Spend your time to build your team of advisors and employees who work for you and you will see your profits start going up. Remember that by rewarding them financially, you will get a group of dedicated people helping you make more money from your real estate investment.Principle #4- Learn how to use leverage with a good rainy day cash balanceDid you know that many real estate investors started off with very little money to invest? Even large real estate developers like Donald Trump have learnt the power of leverage when investing in property deals. You want to leverage as much as you can so that you can control property worth many times more than what you own. Remember however to keep a rainy day fund containing a portion of the rental payments so that you can hedge yourself against a possible period where unit occupancy of your real estate investment is low. Leverage when used well can make you lots of money but if managed badly, will bankrupt you. Thus planning your cash flow and learning how to use debt is critical before you start serious real estate investment.Principle #5- Spend time networking with real estate professionalsDo you want the latest real estate investment deals? The best way to learn of them is to break into the local real estate professional group and make friends with them. Learn some real estate investment lingo and spend time making friends with them because they are your eyes and ears on the ground and they can tell you about recent developments and changes in rental, property and infrastructure of their geographical location. Having the first player advantage is what many large real estate investors have and by spending time to network with real estate brokers, you will substantially close the gap.In conclusion, spend time looking at these five principles and determine how they can be applied to your real estate investment and you might start seeing an increase in your real estate income.By Joel Teo 2006 All Rights Reserved
When you are considering business travel insurance remember to always look into your options. There are many different types of travel cover so be sure you talk to your agent about all of them. One of the most common types of travel insurance will have a good cancellation policy. If for some reason your trip is delayed having an insurance policy with a delay cover option will ensure you get a reimbursement. When shopping for your travel coverage go for the policy that offers medical and emergency coverage. One of the most important things to remember when buying a policy is to always have your lost or stolen items covered.There are quite a few travel vendors that offer their own type of business travel insurance. However if that company goes bankrupt then you are no longer protected. This is why travel coverage is very important because if you want to protect your investments this is the best way to do so. Without the proper insurance you could end up losing more money than you had in the first place. Do not rush into buying a business insurance policy otherwise you may make a huge financial mistake. Understanding how your travel insurance works is also very important because it is designed to reimburse you in the event that theft or loss of documentation occurs during your business trip. How much you pay for your insurance policy will depend on which company you go with. If you have a lot invested then you should choose the maximum coverage that your insurance policy will offer you. After all, you could lose everything without protection.If you choose your policy could cover your lost or stolen to a luggage, medical expenses, accommodation or travel delays, stolen items, and any transportation to a medical facility. You can buy your travel insurance at a travel agency or online. There are even some agencies that require you to sign a waiver if you choose to go with another company. As long as you shop around you should be able to find the best deal. If you have questions about your policy be sure to ask your agent before you sign any documents. Following these tips will ensure that you get the best business travel insurance policy that there is out there. However if it doesn’t work out there are many other options out there.
Business travel has become so common that a considerable proportion of the corporate world of America is spending more time in airplanes and hotels than on their couches or in their automobiles.According to a recent estimate, about 40 million adults in the US travel on business at least once a year to a location about 50 miles from home. More than 20 percent of the trips made by African Americans, for instance, are related to their work.Those who do not need to travel frequently on business consider business travel glamorous and exciting. However, in reality, business travel is often arduous.It is tough physically, tough on the family, and especially tough on the pockets of businesspersons who do not have the luxury of generous expense accounts to take care of their travel expenses.In addition, those who travel on business regularly, quickly wise up to the fact that a stress-free and safe journey requires the smooth functioning of a number of interconnected factors, which includes the vagaries of the weather.According to a study conducted recently, monitoring business travel trends:- 58 percent of business travel is undertaken for association meetings and conferences,- 43 percent comprising of business travel made by individuals,- and 29 percent for corporate meetings.The study also identified some of the most popular destinations within the US for business travel. They are:- Washington, D.C.,- New York,- Los Angeles/Long Beach,- Chicago,- Atlanta,- Boston,- Houston,- Minneapolis-St. Paul,- Detroit,- and Dallas.Irrespective of what the destination is, business travel is seldom an enjoyable experience. Some companies will allow their business travelers the opportunity to enjoy their travel surroundings but this is usually short lived depending on the demands of the trip.Business travelers, who have to make frequent trips, need special facilities to ease the hassles of traveling. Airlines and hotels are increasing the levels of services they provide in order to meet the growing demands of business travelers:Usually, business travelers research fares on their own and make their reservations online. According to a survey, it was found that only 32 percent of corporate travelers used the services of travel agents for their reservation needs, while the rest, 68 percent, preferred using the internet or online services to plan at least some part of their business traveling arrangements.Business travelers are usually technologically conversant; hence, choose to handle all their traveling arrangements through the Internet, limiting the necessity of having to interact with travel agents and professionals dealing with customer service.Most tourism related sites offer one-stop travel facilities for reservations of flights, booking rooms in hotels, and providing transportation on the ground.Major airlines like Delta and American have included travel-friendly features like locating cheap fares, finding economical hotel accommodation, and hiring cars on a rental basis inexpensively on their websites.Travelers, thus, can make arrangements for an entire business trip, which includes seating preferences, confirming special food requests, and a text message or e-mail verifying their flight status and information about the departure timings with a few clicks of the mouse button.
Most of these sites provide boarding passes that can be printed out and online check-ins within 24 hours of the departure of the flight.At the airport, those travelers in a hurry can take advantage of check-in kiosks in order not to have to wait in long lines, and get their boarding passes and their seating information.Frequent Flyer Miles, Automatic Upgrades, and Comfortable Seating:One of the biggest perks of traveling frequently on business is the facility of accumulating points, which can be exchanged for vacations. Travelers, therefore, are always on the look out for hotels offering generous points facilities.Frequent air travelers also favor automatic upgrades and comfort inside the airplane, such as generous legroom and additional storage facilities overhead. Business traveler programs like EliteAccess provided by Continental Airlines offer comforts like guarantees of no-middle-seat and upgrades to the first class if possible.Getting Value for Money:Companies are constantly curtailing overhead expenses by cutting down on the travel allowances they give their executives, while business travelers look for ways in which they can maximize their allowances to the fullest.For example, several hotels offer free breakfasts, while others provide complimentary facilities such as a welcoming snack or allowing their guests to make free long distance and local calls. Many hotels also offer free newspapers, tea and coffee.Feeling at Home Far Away from Home:Business travelers are so frequently away from home that they look for services that replicate their home comforts.Although hotels are selected primarily for value and location, but business travelers expect home-like comforts like high quality toiletries, comfortable bedding, choices in beverages, cable TV and films, broadband internet access, exercise and convenient check-in/out facilities, and so on.