7 Tips to Invest In Real Estate and Become Wealthy
I recently checked the Forbes Rich list of the wealthiest Americans. I could not help but notice the pattern of wealth creation; almost all the wealthy individuals were entrepreneurs or off springs of entrepreneurs. Secondly, they derived their wealth from owning or investing in real estate, technology companies, stock market, manufacturing, entertainment industry, retailing and commodities.This pattern of wealth creation reinforces my belief about the primacy of investing in real estate as vehicle for creating wealthy. I believe you can succeed, investing in real estate. What you need is to have the right attitude and mindset.I have learnt by trial and errors some of the important lessons in real estate investing. My main area of focus has been residential properties. Even if you are an experienced real estate investor, some of the tips I share still apply to your investing, because they are timeless tips that will set you on the road to success.Here are some specifics about investing in real estate that could propel you to wealth quickly. I urge you to take these tips seriouslyTip#1.Start small.The reason you want start small is you are on a learning curve. You want to keep your risk small. I would suggest you invest a lot of time learning the basics of real estate, and a little money in your first deal. Unfortunately most people do the opposite…they invest little time and spend a lot of money. This is the reason many investors fail and they wander why they failed. The fact, real estate is a wealth generator does not mean you don’t have to learn about -how it works to make you wealthy.Tip#2. Invest for value. Avoid speculationWhen you invest for value, you are on the right path to wealth creation. How do you invest for value? The answer is simple. Look for properties with cash flow and potential capital gains. This is important because value investing in real estate is the basis for wealth creation. Donald Trump, Sam Zell, Donald Bren and all the other real estate moguls you can find in the Forbes richest list made their fortune in real estate by creating value. There is a difference between a value investor and a speculator. A value investor buys a property based on overall value, both today and in the future. A speculator buys with a hope that the price of the property will increase…this kind of approach is no different from playing at the casino tables in Las Vegas.Tip#3. Start and stay close to home.When you are starting out as a beginner investor, it’s important to concentrate on an area close to home…one you can get to know very well. When I say close to home, it means you can drive, walk, or cycle around the area regularly. When you concentrate on an area close, you can observe if it’s declining or growing. You can observe the trend in sales and property rentals. Also, look for the top brokers who operate in your area, call them to find out more about the area. This is important because when a property comes on the market, you can know quickly if it is a good deal or not and you’ll be able to act fast. My first real estate deal was a disaster because I bought a property that was 3 hours drive from home. I failed because, I was not close enough to understand and observe the trends in the local real estate market.Tip#4. Expect to make mistakes.When you start investing in real estate or in any business, you are bound to make mistakes-everybody I know does. Remember your mistakes aren’t setbacks. They are steps in the learning process. What is important is to learn from your mistakes, correct and keep on taking action. The fact you can make mistakes is one reason to buy properties with positive cash flow, because it can help you buffer those mistakes. There is a theory for success called accelerated failure. The reasoning behind this theory is that you are most likely to fail at the initial stages of starting any business, however the faster you can fail forwards the faster you can begin to succeed. So don’t let the fear of failing stop you from starting investing in properties…it’s all part of the learning curve.Tip#5. Know what you can afford. This means finding out how much it will cost you for the cash flow you want. In other words, what will it cost you to get an ROI (return on investment) of 20%, 30%. Secondly, if your assumptions about the property deal are wrong, can you afford the losses from your mistakes. Before you start investing, ask yourself these questions; how long can I afford a vacant property if my tenant moves out? If there is a costly maintenance problem, can I afford it? Remember, the purpose of real estate investing is to solve your financial problems, not give you bigger ones to solve.Tip#6. Look for Ugly ducklings you can turn to swans.One of the best ways to make money in real estate investing, is to look for is a property that someone has walked away from because of a problem. Figure out how to fix the problem and you can instantly increase the value of the property. One example that comes to mind is a one bed flat I bought recently in an apartment building. The problem with the property was presence of mould and damp in one of the rooms. Because of this problem, I was able to buy the property and 25 percent below market value. I solved the problem with the help of a building specialist, and as a result, I was able to increase the value of the property and charge more for rents. The lesson here is focus on turning “ugly ducklings to beautiful swans” so you can create value for your portfolio and get rich in the process.Tip#7. Always remember to look at the numbers. One of my mentors, Robert Kiyosaki, bestselling author Rich Dad, Poor Dad often says, “Think with your calculator, not your heart”. This is important because once you understand the area you’ve chosen to invest in and know what property you are looking for, you need to follow through by looking closely at the numbers on your chosen property. The numbers are; the price you pay; the mortgage interest; rental income; maintenance cost; vacancy rate and every other factor you need to analyse the profitability of your investment. These numbers should all add up to…making you, money or else you wind up with financial problems.Warning, Cheap may mean expensiveOne of the commonest mistakes I see investors make is the assumption that because a property is cheap it’s going to be profitable. This is far from the truth because price is not the only factor for success when you are investing in real estate. You should never let your guard down or sacrifice your principles by what seems an attractively low price. The important point to bear in mind; Does the property meet your criteria? Does it have positive cash flow? Remember this… Because a property is cheap does not mean it’s a good deal. In fact, if you buy a cheap property that has no value, it could be the most expensive property you can buy.You can become wealthy investing in real estate. All you need is a goal to succeed, a determination to persist until you succeed. You can accelerate your path to wealth, when you follow my tips
Purchasing Options for Web Hosting – Resellers and Cloud
If you are still looking to rent hosting resources rather than invest in your own in-house IT to get your website up and running there are further channels which can provide alternatives to buying physical service space directly from a hosting provider and which have particular appeal to smaller scale clients.ResellersFor those still looking to rent server space there is the additional option of using a hosting reseller rather than buying directly from the hosting provider. A reseller will buy up hosting resource, disk space and bandwidth wholesale and then sell on hosting packages to individual clients by dividing up these resources. They can add a layer of support to their offering if they are specialist resellers and some will include their own branded control panels to allow clients to configure their hosting platforms.There are specialist reseller companies in the market, but there are also many organisations that either sell hosting as an add-on to another service, such as digital media companies who build or maintain web sites, or that need to buy their own hosting resource and find it economical to buy wholesale and then resell the excess that they don’t use to counterbalance their own costs.The hosting packages on offer from resellers can incorporate both shared or dedicated hosting platforms as resellers can either sell on a certain amount of shared disk space or complete individual servers. The most common reseller packages, however, involve shared hosting and in particular Virtual Private Servers (VPS) where the shared servers use virtual partitions to create distinct operating environments.Reseller packages can be particularly beneficial for clients that do not have the expertise or resource to work with their underlying service provider in maintaining their platform. They can, depending on the package, have no need to be involved, direct or indirectly, in maintaining any of the hardware and infrastructure themselves. The reseller can effectively act as a conduit between the client and the service provider, either working alongside them to resolve any issues that crop up on behalf of the client, or acting as a middle man with whom the client may find easier to deal than the underlying service provider, especially if the client isn’t overly confident with their own technical awareness. For those who do get more involved, the packaging of reseller hosting can be less esoteric and easier for private and small business users to understand making use, for example, of simple control panel interfaces for configuration changes.In addition, the reseller-support dynamic works well where the reseller is involved in other elements of a client’s digital package, such as the aforementioned digital agency who would build and maintain a site and then liaise with the hosting provider to manage the hosting of the site as part of a more holistic and joined up approach.The twin drawbacks of reseller hosting, however, are that it can introduce an added layer of cost and, for those who do have the technical awareness, the middle man is simply another level of communication when support is required. Instead, tech savvy clients in particular, may prefer to deal directly with service provider to resolve issues more expeditiously.Cloud HostingA newer alternative to the more traditional idea of renting a portion of a server is the idea of renting space within a cloud of hosting resource. This service relies on the hosting provider pooling the physical resources they have – disk space, bandwidth etc – and offering consumers a virtualized platform within this virtualized pool of computing resource on which to host their site. The consumer does not rent space on, or the entirety of, a single physical server therefore, and instead their site will in reality be drawing resource from a network of multiple physical servers. The environments in which their hosting platforms exist will be distinct in a virtual sense rather than a physical one, by employing virtual partitions (similar to VPS). Consumers can even go one step further and rent an entire network of virtual servers to form a Virtual Data Center (VDC) to satisfy any of their web hosting or broader business hosting needs.Cloud hosting sits within the Infrastructure as a Service (IaaS) band of cloud services and its dynamics mean that hosting resource is sold more like a utility which can be tapped into as and when it is needed. The virtualized hosting platforms can be scaled to suit the demand for resources because they are freed of physical constraints and the consumer need only pay for the resource that they need as and when they use it; negating the wasted capacity that could otherwise result from either in-house hosting or rented disk space (especially dedicated servers). What’s more, the economies of scale that the hosting provider generates by running large scale data center resources can be passed down to the consumer meaning that cloud hosting can also be a cost effective way for the consumer to access the particular levels of resource that they need.Whatever your budget, the technical demands of your website, your expertise and your expectations there is likely to be a hosting option on the market that suits. Ultimately, hosting packages will vary from one provider to the next but it is still important to be aware of the different routes that you can go down and the options you’ll find when you get there.
Spy Gadgets Investigation: Listening Devices Batman Would Love
Are you hot for Batman? Well many folks over time are and Batman is yet to be one of the most well-liked and enduring superheroes of all times. Batman became extremely popular not because of any supernatural capabilities because he has none! What made him preferred were all of the contraptions, gadgets, suits and automobiles that made at par with any villains and superheroes in the comic book and film universe.Just like Batman’s neat toys, real-life spy gadgets can record voices, listen in to talks, take photos, record video footages, track GPS signals, block or jam various kinds of signals and a whole lot more. Now, they’re made far more affordable and available that anybody, particularly folk requiring equipment for surveillance or security, can acquire them online from local or global providers. And among these devices one of the most well-liked, and definitely one of the most arguable, are the listening spy gadgets that would certainly make Batman proud.What Is A Listening Device?Listening devices, or what folk generally call as bugs, are spy gadgets with in-built microphones that serve as listening and recording devices allowing folk to hear chats or record other unique sounds. Many of these types are tiny making allowances for straightforward installation and concealment except for allowing users to be found at a far-away distance from the selected area.Others are camouflaged as other objects or appliances like spy pens or tie pins, allowing users to record talks or even take video footages without the subjects knowing or suspecting anything they are being monitored. There’s also the radar dish-type of listening devices equipped with phones that permit users to hear audio sounds even from far away or behind walls.Who Would Utilize A Listening Device?Just like a fly on the wall, these types allow users to listen and record talks and other audio. Law enforcement agencies use these tools for monitoring criminal activities and gathering evidences. Private investigators employ these tools for surveillance work particularly on cases concerning cheating wives and husbands. Other uses for listening devices are related to emergency scenarios like locating folk surrounded in a collapsed bridge or building.Apart from law enforcement agents, there are a wide variety of users benefiting from their utilisation of them. These includes concerned better halves and husbands, hunters, youngsters who like cool gadgets, paintball enthusiasts, lawyers, and other entrepreneurs. Folks fascinated by buying these spy gadgets will set them back from $20 to over $50 or maybe more, a heap cheaper than purchasing them from branded providers which can bring prices of over $120.Concerns Before Buying A Listening DeviceSpy gadgets and listening devices can be gotten in the market and at really cheap prizes. However, before choosing to buy for your own personal use or as addition to your online store lists, there are particular concerns that you should be aware of.First and foremost is the legality of owning these gadgets in your own country or area. It is normally unlawful to listen and record talks without folk knowing about it particularly if you’re recording outside of your own property. There may also be some legal issues when you’re recording in public like in your business premises without a signage that will warn folk like workers they’re being monitored.As a rough guide, the closer the listening device is to the topic, the more clear and more audible the audio feeds will be. Position a bug as near as feasible to the topic but not to the point that it will be simply found.Folks curious about purchasing these types should familiarize herself with the products first and learn what variation would be most applicable for their need. These products are generally available online and can be ordered at very low wholesale costs. So, take all of these considerations into account and attempt to source out potential providers and products through the internet.