Home in Bulgaria – A look at Bulgaria’s Real Estate Tax Liability
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by: surrinder Ahitan
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| Many people who are considering the possibility of buying one or another home in Bulgaria worry about what they might end up paying in taxes on real estate that they might end up owing. In years gone by, one of the reasons that only a fraction of the population was able to take advantage houses in Bulgaria centered on the high taxes that often times were associated with home ownership in that country. With the changes in government that have occurred in Bulgaria since the 1990s, significant land reform programs have been put in place throughout the country. The pace of these reforms quickened when it was determined that Bulgaria would be admitted into the European Union in 2007. The net result has been that property taxes no longer need be considered an impediment to the ownership of homes in Bulgaria. In point of fact, at the present time, Bulgaria boosts one of the lowest real estate tax schemes of any of the countries in Europe -- including those nations that already enjoy full membership status in the EU. It is important to keep in mind that prior laws that imposed a heavy tax burden on foreign nationals who purchased homes in Bulgaria have been eliminated in their entirety. In addition to low real estate taxes, the government in Bulgaria has enacted other pieces of legislation that are designed to encourage private home ownership amongst the people of Bulgaria, further spurring the demand for houses for sale in Bulgaria. The government of Bulgaria is committed to furthering and advancing real estate investment generally and home ownership specifically throughout the country. To that end, the government has lessened the tax burden on those who own real estate and has modernized the banking system to make real estate loans far more widely available to people interested in property ownership in the country, including the buying and owning homes in Bulgaria. About the author: Surrinder Ahitan's website Bulgarian-Property-Advice.com provides detailed information and advice on the most lucrative areas to invest in Bulgaria. You will learn how to get around, get a flavor of the language, history, culture and more. Circulated by Article Emporium |
Tuesday, May 24, 2016
Home in Bulgaria – A look at Bulgaria’s Real Estate Tax Liability
Home Based Franchising
Home Based Franchising
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by: Shawn Price
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| Copyright 2010 Shawn Price Is Home Based Franchising for you? Do you desire Home Business Ownership but cringe at the thought of starting from scratch? Possibly a Home based Franchise is your answer. A Franchise is a business in which "... the franchisor, the owner and developer of the franchise system licenses [you] franchisees to use trademarks, service marks, logos, or advertising owned or developed by the franchisor." (International Franchising Association, Franchising basics). With some franchise programs, the business operates using the Franchisor's brand name only. Other programs are less restrictive and allow for the usage of both a trade name in addition to the franchisor's brand name. Common to all franchise programs, the franchisee[ you] is responsible to pay the franchisor, advertising fees, initial fees, service fees, and or royalty fees. You are responsible for payment whether your business is profitable or not. Additionally, many franchisor's provide educational programs to franchisees before the inception of the business. Often times, they've done demographic studies and other studies to ensure that you have greater odds of returning a profit. Major Franchise Types • Unit Franchising Is the most simple type of franchise in which the Franchisor grants the franchisee the right to operate a single operation at a specified location or within a particular territory. • Area Development Franchising In accordance with a "development schedule", the franchisee agrees to establish a predetermined number of "unit franchises" within a particular territory. • Subfranchising/Master franchizing Is quite similar to Area Development Franchising with the major difference being that the franchisor grants the subfranchisor the option of opening the unit franchises herself or selling the the franchises to third parties. (Common with International franchising) • Affiliate Franchising This type of set up is typically used by an owner of an established business who decides to join/affiliate with a franchised chain. This allows for the benefit of the franchises brand. This is common with many real estate. • NonTraditional This type of set up is customized between the franchisor and the franchisee. Franchises are not the same as Dealerships and distributorships A dealership or distributorship differs from a franchise in that there is no FEE involved. Dealers purchase products usually from the manufacturer at wholesale prices. Note however, that a dealership can become a Franchise IF a FEE is paid to the franchisor AND the distributor is dependent upon the franchisor's pay structure. Considerations when buying a franchise • There's a benefit to purchasing a franchise that is well known • Will the franchisor provide ongoing education and support? • Were demographic studies performed? • How many of the franchises have closed operation? Why? • Have you STUDIED the franchiser's Comprehensive Disclosure Statement? It's required by Law that prospective Franchisee's are provided Comprehensive Disclosure, a copy of the franchisor's Standard Franchise Agreement, Audited statements, a list of the names of all of the Franchisees, as well as a copy of all documents that require the franchisees' signing. By law, each of the above must be provided at least 2 weeks prior to purchase date. • I've heard the saying, "if you buy a McDonald's, be prepared to eat burger's for breakfast lunch and dinner." In other words, your business requires commitment. Additional Sources of information •Success Magazine •International Franchise Association www.franchise.org •Franchise Sales Press *Get this magazine since it is known for its focus on franchise opportunities. Further, they perform regular interviews with both franchisees as well as with franchisors. •SBA Small Business Association •Brokerage firms and analysts Since stock information on A public company is useful. •Franchise Lawyer •Federal Trade Commission Public Reference Branch •UFOC "Uniform Franchise Offering circular -- the material that is provided by law, by the franchisor to the qualified franchisee. This is likely the most telling of all information gathered. •Attorney General's Office •BBB located in the city of the Franchisor's headquarters. •Your Banker should have access to the Dunn and Bradstreet Report on the particular Franchisor. •Contact the franchisor's franchisee's listed in UFOC. *** Prepare a list of relevant questions prior to calling. Purchasing a franchise usually equates to a reduction in investment risks since the" system" and Franchise name is established, training and ongoing support is provided, market research has been conducted... Conversely… franchise ownership can be costly. Consequently, it is critical that you investigate the franchise thoroughly prior to purchasing. There is a continual rise in the number of franchises. Obviously, there's a HUGE market for this method of business ownership. When approached methodically and practically, Franchise ownership can be Very lucrative and much simpler than beginning a business from the ground up. Be wise and ensure that you conduct sufficient research prior to committment. If you’ll need financial backing, then you will need to create a business plan. There’s a handy Business Plan workbook available at our site. Bridging the Gap between Opportunity and Success, OwnABizToday.com About the author: Due to her terminally ill, physically and mentally handicapped child, Shawn was FORCED out of the "job market" and FORCED into "self employment" ...After experiencing a multitude of financial difficulties. Because of her life's experiences, Shawn understands that it's impossible to predict future circumstances and thus it's terribly important that people...particularly parents, develop financial security. Consequently, leading others toward business ownership has become a passion for Shawn. Presently, Shawn is the Author of OwnABizToday's, Ezine, which presents New Home business Start up's and Small Business Resources each week. To receive our weekly Ezine, send a blank email to: subscribe@ownabiztoday.com RSS: http://www.ownabiztoday.com/ownabiztoday.xml Bridging the GAP between Opportunity and Success, OwnABizToday (http://www.ownabiztoday.com ) Circulated by Article Emporium |
History of Infomercials -
History of Infomercials -
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by: Richard Romando
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| It all began in the 1980’s. Ronald Regan was president and one of the many controversial things he did in that office was to deregulate the TV industry. Why did he do it? Well, as a conservative Republican he lived and breathed by the “free market rule,” which stated that the government didn’t belong in business, and businesses should live and die by the success or failure of their own practices and market forces. At the same time, cable TV was just starting its expansion into the American television marketplace, and that opened up a huge broadcast venue which simply didn’t exist beforehand. Anybody with any experience in the broadcast industry was starting his own channel and pretty soon cable channels were commonplace. The most successful channels at the time were religious based channels which were basically used for fundraising purposes. There were literally hundreds of them, from local, small time reverends and ministers with dubious backgrounds, to nationally broadcast spiritual and religious shows, utilizing well-known religious figures. At this point, two things happened. For one, many of the young, fledgling channels and networks who counted on ad revenue to keep themselves afloat attracted less than stellar ratings and starting going under. And at the same time, the religious channels started to realize that their fundraising efforts were failing miserably in the late evening and wee hours of the morning. Cheap broadcast space was born! And enterprising businessmen, more like vultures than saviors, swooped down and began to chew on the dying carcasses of the young cable industry, buying up blocks of cheap, late night, off peak broadcast time and running 30 minute or 60 minute, inexpensively produced commercials refashioned as entertainment programs. Pretty soon there were infomercial superstars. Celebrities, as well as a cast of unknowns, found fame and fortune in the newly created infomercial industry. There was Jane Fonda who captured lightening in a bottle with her exercise tapes simultaneously boosting the video business along with the infomercial business. There was Ron Popeil, who marketed every gadget and device people didn’t even know they needed and made the switch from printed contact to electronic contact so successfully he’s still doing it today. And there was Kenny Kingston who made the Psychic Hotline into one of the largest businesses in the world without even having anything to sell! Only in America and only in infomercials could such overwhelming success happen so quickly. Soon, everybody with an idea was trying to come up with the next big thing. As is always the case with any new industry, immediately following the initial success there comes a huge wave of imitators and innovators trying to cash in. And as always happens – most fail. There was such a huge crush of wannabes flooding into the business that production rates skyrocketed and broadcast time became more and more expensive and less and less available. Almost overnight, the infomercial industry went from nothing to today’s enviable haul of billions of dollars annually. And that’s just in America. Successful infomercials, like Hollywood movies are translated into foreign languages and played all around the globe especially when they are celebrity driven. The newly created infomercial industry was the precursor to the Home Shopping Network and QVC which are essentially 24 hour mini infomercials, product driven, price driven and celebrity driven. And now we have The Infomercial Channel – 24 hours a day of infomercials. Gone are the days of loud mouthed hucksters, snake oil salesmen yelling into the camera, hawking the latest “it slices! it dices!” home improvement device. Today, infomercials are slick, expensive and if they work, highly profitable. About the author: Infomercials Info provides detailed information on exercise, weight loss, real estate, and make up infomercials and direct response (DRTV). Infomercials Info is affiliated with Business Plans by Growthink. Circulated by Article Emporium |
Flipping Houses for Gold: How to Find the Perfect Fixer
Flipping Houses for Gold: How to Find the Perfect Fixer
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by: Jeanette Joy Fisher
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| Many real estate investors enjoy "flipping houses," or buying and selling houses quickly for profit. Not all flips are fixers. However, rehabbers make millions turning ugly houses into dollhouses. On the other hand, some inexperienced investors lose money buying houses that just don't turn a profit. If you're looking to get started investing in real estate by fixing and flipping houses, you'll want to know what type of property to buy. HOW TO FIND THE PERFECT FIXER 1. Know Your Market Your first task, exploring your market, helps you know a bargain house when you spot one. Look at many houses for sale in your area. Keep track of sales and how long the houses take to sell. Ask selling real estate agents about the terms of these sales because this helps you understand how sellers market their property (some of this information is public record). For instance, if a seller paid closing costs for the buyer, did the price rise from the listed price accordingly? Or, did the seller come down on the price and also pay the buyer's costs? Examine the sales that sell quickly. What home features and financing options prompted the fast sale? Also, look at model homes. Buyers often buy resale homes because they can't wait for a new home to be finished. However, these buyers like the distinctive features new homes offer. Visit model homes and take notes on how details like a water fountain or a new state-of-the-art appliance makes a house sell itself. When you remodel your fixer, you'll know what attracts buyers and you'll make smart redesign choices. 2. Know When "Ugly" Means "Gold" When you first start out in your real estate "flipping fixers" business, you'll want to look for houses needing only cosmetic work. Look for houses that just need cleaning up, painting, and new flooring. Use your imagination when viewing these homes. Try to visualize the finished dollhouse as you look at structural features and the surrounding homes. Make offers on the ugliest houses in decent neighborhoods. Don't be afraid of stinky houses that show horribly. Search for fixers with peeling paint, holes in the wall, stained carpeting, and trash in the yard. Remember, these houses won't look good to most buyers, but other real estate investors see them as gold mines. 3. Know When "Ugly" Means "No Thanks" When you're new to real estate investing, always remember your limitations. Use caution when considering houses that need structural repairs. Some rehabbers replace walls, plumbing, structural beams, sub-flooring, and electrical systems. These experienced real estate investors acquired those skills after years of experience or they have the money to pay for professional help. If you find a house with structural problems, get estimates from reliable contractors to do the work. If the walls have too many cracks and bumps, you may need to hang new sheet rock or hire a professional plaster refinisher. Check for signs of plumbing problems such as water stains under sinks and loose flooring, and get estimates for professional repair. Take professional estimates into account before deciding whether or not to purchase an investment property. Any big expense decreases your eventual profit. Turn Yucks into Bucks Why would anyone want to do this hard work? How much does the average rehabber make? In Ohio, real estate investors buy houses expecting a profit of about $30,000. In Southern California, many investors make $50,000 to $100,000 on each house. When you find a garbage-filled, flea-infested house in a family neighborhood, take your bug spray, hold your nose, and get ready to make a difference, in the neighborhood and in your bank account. You can make a fortune fixing nasty houses. Know your market. Know when "ugly" means profit in your pocket, and when to keep looking for the house with the hidden gold mine. Copyright © 2010 Jeanette J. Fisher. All rights reserved. About the author: Jeanette Fisher teaches beginning real estate investors five easy steps to find, finance, and fix houses for profits. Free ebook on fixing houses using interior design strategies for top-dollar sales, http://www.doghousetodollhousefordollars.com/ Circulated by Article Emporium |
Finding a Brochure Printing Company -
Finding a Brochure Printing Company -
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by: Max Bellamy
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| A brochure can be a great promotional tool, whether it is for is a real estate listing, a trade show handout, a data sheet, or some other application, but sometimes it’s hard to know where to start. Brochure printing companies can provide their expertise as well as a wide range of printing and marketing services. Most brochure printing companies do other types of printing as well. The range of services available within a company that prints brochures is quite broad. The process of finding the right company that meets the requirements of your job is an easy step-by-step process. First, carefully consider your budget. Then assess the job you have in mind, whether you prefer full color or a single color, whether you prefer offset printing or digital printing, print run, type of fold, paper and shipping. Following these basic guidelines should help make finding the right brochure printing company a simple and painless task. Before you enlist the aid of a customer service representative at a printing company, you can look at online templates or fill out a questionnaire that will help assess the cost of a job and the services that brochure printing company provide. This makes it easier to shop around and get the best deal without feeling obligated to go with a particular company. Most brochure printing companies will provide an experienced estimator who will help you to determine the proper paper, inks, coatings, bindery and distribution for your brochure project. It is worth it to check to see if this service is offered, as it will save you time and trouble. It also usually produces an accurate quote, thereby insuring the best quality at the best possible price. The services offered at brochure printing companies will usually exceed your brochure printing needs; most brochure printing companies will also offer other printing, bindery and mailing services. Beyond that, there are brochure printing companies that will also assist you in your brochure design, recommend marketing strategies, write brochure content for you, and offer other marketing tools. Finding and learning about brochure printing companies and their services is an educational endeavor no matter how small or complicated the brochure, and the rewards can be substantial. About the author: Brochure Printing Info provides detailed information about cheap, color, and full color brochure printing services, and advice on finding a brochure printing company and quote. Brochure Printing Info is the sister site of Laser Toner Web. Circulated by Article Emporium |
Don’t Let Passions Rule When Buying A Business
Don’t Let Passions Rule When Buying A Business
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by: David E Coffman CPA/ABV, CVA
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| For many, the American dream of owning a business is in queue right behind owning a home. I was a teenager when I owned my first business. Since then I have bought or started many businesses and helped others do the same. Here are some common mistakes I have witnessed or committed myself. Paying too much This results from the combination of all other mistakes. Many new business owners set themselves up for failure by paying too much, which results in higher loan payments, lower operating funds, and reduced borrowing capacity. Letting your emotions rule If you have always dreamed of owning a business, it is very easy to get caught up in the strong emotions invoked by seeing those dreams coming true. To counteract your emotions, take your time, do your homework, and enlist the help of objective advisors. Paying for potential You should only pay for the business as it stands at the date of purchase, not what it could be in the future. You will have to spend time, effort, and money to develop its potential. The seller chose not to invest these things, so he does not deserve to be paid for them. Not evaluating yourself Do you have what it takes to run this business? Try to match your strengths to the important duties you will be required to perform. Running a small business requires the owner to do many things. No one can be good at them all, so make provisions for those areas in which you are the weakest. Some tasks like payroll and bookkeeping can easily be contracted to outside vendors. Possibly your spouse, other family member, or a partner could do things that you cannot or do not want to do. Not building a team of experts At a bare minimum, you should enlist the aid of an attorney and a CPA. The attorney can prepare and review documents, help structure the deal, and make you aware of legal and liability issues. The CPA can provide a financial analysis of the business, and advise you about tax and accounting matters. You should consider adding a business valuation professional. His valuation report can be used to determine the reasonableness of the asking price, negotiate a lower price, and provide valuable information about the business, the industry, the competition, and the economic conditions. Relying on bad information You should verify all important information about the business. Your CPA can check financial information like receivables, payables, and inventory. Your attorney can review loan documents, leases, and contracts. Your business valuation professional can analyze the competition, the industry, and the economic conditions. Use independent appraisers to value real estate and equipment. Get a credit report on the business through your CPA or banker. You can do some of the investigating yourself to save money, but do not cut too many corners – it may cost you in the long run. Changing too much, too fast Once you own the business, you will be tempted to start making wholesale changes from day one. You risk alienating long-time employees and customers. Unless the business is in bad financial condition and needs immediate action, its better to take some time to get to know the business, your employees, and your customers before making changes. This is a perfect time to solicit suggestions from employees and customers. Buying a business because you like to do what the business does One reason restaurants have a high failure rate is people buy or start them because they like to cook. Very few restaurant owners spend time cooking. Their time is spent managing staff, ordering supplies, doing paperwork, and handling daily crises. A small business owner must wear many hats – including that of manager. Not being interested in the business’s product or service I made the mistake of thinking that because I am a CPA and smart that I could own and operate any business. I bought a business that sold high-performance auto parts to young men who drove jacked-up, four-wheel drive pickup trucks and went to the drag races every weekend. I did not do either and never understood why anyone would. I could not relate to my customers and went out of business in about a year. Conclusion Buying a business is a complicated, emotional process. By avoiding these costly mistakes, you can prevent turning your dream into a nightmare. About the author: David E. Coffman CPA/ABV, CVA has 30 years of experience working with and operating small businesses. His web site http://biz-buying-selling.comoffers many useful articles, links, and other resources for potential buyers and sellers of small businesses. Circulated by Article Emporium |
Canada Plays China Card
Canada Plays China Card
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by: Carl Delfeld
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| Trade friction and energy leverage has led to an unprecedented Canadian policy of “speak loudly and carry a big piece of lumber” policy towards the United States. The long running dispute over American tariffs on Canadian lumber escalated to the point last week that Canadian Prime Minister Paul Martin indirectly linked settlement with continued U.S. access to Canadian energy supplies. Meanwhile, Canadian Natural Resources Minister John McCallum was off to China to meet with Chinese oil, mining and forestry officials. This is serious business. Part of the 1994 NAFTA Free Trade Agreement guaranteed that Canada would remain the favored supplier to the U.S. It might surprise you to learn that Canada supplies 17% of U.S. oil imports, 16% of our natural gas and nearly all of our hydroelectric power. The Canadian government owns the vast majority of the country’s energy resources and Canada exports more than 1.5 million barrels a day to America representing 8% of U.S. consumption. China’s Lengthening Reach Meanwhile, China’s aggressive moves in Canada’s energy sector are raising eyebrows in Washington. Chinese government has earmarked $100 billion for overseas acquisitions of oil and gas. The Chinese are going on a buying spree investing in Canadian energy companies and recently plunked down $2 billion to build a thousand mile pipeline from Alberta tar sands to port on the west coast and onward to Beijing and Shanghai. While the oil reserve numbers for Saudi Arabia are under scrutiny, Canada has recoverable reserves of roughly 175 million barrels. Much of it is in oil sand that is processed profitably at oil prices of $20 or higher and T. Boone Pickens thinks that Canada’s oil sand production could reach 6 million barrels a day There are now about 1 million ethnic Chinese residing in Canada and China is now Canada’s second largest trading partner. Last month, Chinese President Hu Jintao visited Canada and declared that the two countries had upgraded their relations to a “strategic partnership”. The US’s Waning Grasp This Chinese-Canadian power play puts America in real jam. You could write a book about the long simmering lumber dispute but a Nafta panel recently ordered the U.S. to return $5 billion of collected tariffs to Canadian lumber companies. Relations with Canada were also weakened earlier this year when Canada announced that it would not contribute to the American-led missile defense program even though 90% of Canadian citizens live within 100 mile of the border between the two countries and Americans purchase 85% of total Canadian exports. What’s going on? Part of the answer is that the vast majority of Canadians oppose the policies of the Bush Administration. The issue is sensitive in many areas across Canada that are highly dependent on the lumber industry and Mr. Martin and his party are preparing for national elections expected early next year. It is always a vote getter to poke a stick in the eye of the elephant to the south. How to Play While Canadian-American relations have seen better days, the energy boom has certainly been beneficial to investors in Canadian markets. The Canada iShare (EWC) tracks the MSCI Canada Index that has 40% exposure to Canada’s energy and materials sector. While the S&P index is up only 3%, the Canada iShare is up 16.6% year to date and 28.8% over the past twelve months. Speaking of timber, it is smart to have some timber exposure in your portfolio and I have had timber REIT Plum Creek Timber (PCL) in our core portfolio for over two years. Here is why I like it. First, timber is a great inflation hedge and over the past 100 years has risen 3% above the average annual inflation rate. Secondly, timber is not correlated to stocks or bonds and thus is a great “shock absorber” to cushion your portfolio when shares are declining. During the 1970s bear market, timber rose in value while stocks went down. Thirdly, from 1973-2000 timber yielded an average annual return of 15%. Last but not least, timber valuations are attractive after some declines during 2000-2002 especially relative to real estate prices. During 2004 Plum Creek was up 23% and this year it has traded between $34 and $39 finishing last week just over $35 with an attractive dividend yield of 4.3%. It behooves the U.S. to negotiate a settlement to the lumber dispute as soon as possible and lock up Canadian energy sources before the Chinese get the jump on us. Investors can’t do much about improving Canadian-American relations but they can improve their portfolios by adding exposure to timber as well as to Canada as both an energy and China play. About the author: Chartwell Partners publishes the investment newsletter "Asia-Pacific Growth." http://www.chartwellasia.com719-264-1503 Circulated by Article Emporium |
Bulgarian Property for Sale- An Eye to Investment
Bulgarian Property for Sale- An Eye to Investment
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by: surrinder Ahitan
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| In addition to seeking out a Bulgarian property for sale for personal or family use, there are a number of people who are interested in finding a Bulgaria house for sale for investment purposes. In other words, these people want to purchase a Bulgarian property for sale, hold on to the property for a moderate amount of time (perhaps leasing it out during the period of ownership) and then they desire to sell the residence for a profit. In point of fact, some people are able to make good money through the process of making the purchase of a Bulgarian property and then reselling the property after the passage of a reasonable period of time. The overall Bulgarian real estate market has become increasingly attractive for investors in all sectors -- industrial, commercial and residential. Indeed, when it comes to a Bulgarian property for sale, housing prices on average in the country are rising at a rate of about twenty to twenty-five percent per year. Therefore, if a person were to make the purchase of a Bulgarian property with the intention of holding for ultimate resell, he or she likely will make tidy profit in a short amount of time. In the immediate future, the Bulgarian real estate market is expected to remain hot and vital. This includes the sector of the market that includes the proverbial "Bulgaria property for sale." Residential property is expected to increase in value at the present rate through at least the end of the decade according to most financial analysts involved in Bulgarian economy. About the author: Surrinder Ahitan's website www.Bulgarian-Property-Advice.comprovides detailed information and advice on the most lucrative areas to invest in Bulgaria. You will learn how to get around, get a flavor of the language, history, culture and more. Circulated by Article Emporium |
Building Wealth: Don't Waste Your Money on Real Estate Investment Schemes
Building Wealth: Don't Waste Your Money on Real Estate Investment Schemes
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by: Jeanette Joy Fisher
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| You've seen the real estate guru advertisements for books, DVDs, programs, seminars, and mentoring coaches promoting no-money-down deals. Perhaps you've watched the infomercial on TV with the people telling their stories of how they made millions investing in real estate with no-money-down and cash back to the buyers. Maybe you, like me and many others, have purchased books or expensive systems based on these no-money-down and lease-option investing schemes. Here's the rest of the story. Perhaps you've seen an ad in your local newspaper offering a home with 100% financing from the seller or a lease option. You should know that the investor offering these types of deals makes money by purchasing the property at a discount and selling the property for an inflated price. Lease-option real estate investors play the odds. They bet that most people won't be in a position to purchase the lease-option home in a year. So the investor seeks a hopeful tenant to make higher than average rental payments, pay more move-in cash, and make the investor's mortgage payment. Those tenants who do eventually purchase the home paid much more for the home than the investor. Many tenants never come up with a new mortgage loan to purchase the property when the time runs out. Either way, the real estate investor makes money. First-Time Home Buyers If you need to buy your first home to live in, these home-purchase methods may help you if you have terrible credit and can clean it up in time to finalize the purchase in a year. Just understand that you're paying too much for the property and may not make any money on appreciation. On the other hand, if you have strong credit, you can purchase a bargain house with no money down legitimately. Tips for Beginning Real Estate Investors Don't buy overpriced property! Avoid 100% investor-financed "deals." You will have to wait too long to make any money. Plus, the rental income most likely won't come close to making the mortgage payment for you. Don't waste your money buying real estate guru books, DVDs, programs, seminars and mentor-coach promoting no-money-down deals. Would you buy a book on how to make a fortune on the Internet that was written in 1995? These out-of-date, no-money down schemes, tell you to look for home sellers in distress who will let you buy their home for no-money down with the seller financing the property for you. This system worked last century. Today's home sellers know that they can get a buyer who can get their own financing. Plus, today's home sellers know that other sellers have lost money selling with no-money down. They've heard the stories where home sellers didn't get paid and had to foreclose on a property. They've heard the stories where the investor-buyer rented the house to tenants who trashed the property. They've heard the stories where the investor-buyer collected the rent and didn't pay the home seller. To get started building wealth in real estate today: 1. Get your credit ready for mortgage financing. (Mortgage credit differs from consumer credit.) 2. Buy right. Don't overpay for deals that sound too good to be true. These schemes are too good to be true! 3. Guard your money. Don't get yourself in over your head with high mortgages on rental properties that cause you negative cash flow and jeopardize your financial well-being. The best way to do this is to make sure you get the best mortgage rates on a bargain-priced property. You can buy investment property for little -- or even no-money down. Get started by buying your home or a second home. Real estate investing offers you the most tried and true way to build wealth when you avoid investing schemes. Copyright © 2010 Jeanette J. Fisher. All rights reserved. About the author: Jeanette Fisher teaches beginning real estate investors five easy steps to find, finance and fix houses for profits. Free ebook on fixing houses using interior design strategies for top-dollar sales, http://www.doghousetodollhouse.com/ Circulated by Article Emporium |
Asset and liability basics
Asset and liability basics
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by: Mansi gupta
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| Knowledge of accounts can make life much easy. If you are to invest in a new business or joining your forefather’s business, planning to take some loan, looking for job in any marketing company, desire to be the manager of a multinational company or have the onus to manage your own assets and liabilities, knowing some basics of accounts becomes mandatory. Broadly, accounting is bifurcated into two categories- Cash Bases Accounting Accrual Accounting The Cash Based accounting pertains to the management of an individual’s personal monetary transactions. In this case, he keeps a track of the money he withdrew, deposited, gave or received from someone etc. This accounting comes to life when actual cash transactions take place. The Accrual Accounting requires an accountant who notes the transactions even if no money has been actually exchanged. This method works on the principle of comparing or seeing the ratio of the expenses to expenditure. If the expenditure is more, you need to cut down your luxuries, if not then it’s always good to have some savings for future. This type of accounting tells you the amount that you owed; this might not match with the figure of your bank balance. In the language of accounting there are several key terms that one needs to be familiar with. Some of the crucial ones are discussed below- The Assets- the assets are generally those possessions of an individual that have a good market value or are quite valuable. Assets are mainly classified into three types- Current Asset- the cash is the most basic asset of any individual. The money that is being held in accounts like the checking and savings accounts is also included in the cash. Also inclusive are the marketable securities in the form of bonds, stocks, shares etc. The money lent or payments due from clients, even form a part of it. Fixed Asset- comprises of all the tangible valuable things like property, machines, equipments, land and the like that are not meant to be sold. Intangible Asset- incorporates all the untouchable things like copyrights, patents, trademarks etc. that have tremendous monetary significance. The law of opposites governs the nature; where there are assets, there will be liabilities. These are the debts that you have to pay back to your creditors. This can be done through giving cash or any other asset like jewelry, some other goods etc. Liabilities again are of two kinds- 1. The Current Liabilities- the liabilities that are to be paid back within a certain time limit and most often through your current assets. These include the accounts payable i.e. type of bill that you have to monthly, the Notes Payable-loans taken from banks meant to be repaid within 30 days and the Accrued Expenses- the compulsory expenses like taxes, wages, interests etc. where the bills are not received but the balances of each must be repaid. 2. Long Term Liabilities- those debts that can be repaid at ease for the tenure is more then a month. The Financial Capital- is the economic capital. It is any liquid medium or merchandise that stands for wealth or other styles or capital. There are four ways to manage and display the financial capital. First, this capital is needed when a contract is made with any sort of capital asset. The financial instruments work in the form of currency in case of sale, purchase or trade of goods i.e. the medium exchanges. Second, it works as a settled medium or mode like gold for the Standard of Deferred Payment. Third, The Unit of Account has a market value attached to it which in turn varies with the economy of the country. Fourth, The Source of Value is concerned with financial capital that needs to be saved and recovered. It is a collection of things like gold, real estate, collectibles etc. Petty Cash is an important factor in business. It is the smallest account within a business setting or the cash in bills and coinage required to pay little expenses. Types of Business- there are several kinds of business one should be aware of like Sole proprietorship- where a single individual who starts the business owns it too. Partnerships- the companies or businesses started by two or more persons where they conjointly own it. Corporations- involve lot many shareholders or investors who are responsible in taking decisions for the company. Limited Liability Companies- can be said to be sisters of corporations. Here the business members are not under a legal obligation to pay the debts if the business fails. Payrolls- the term payroll designates the manner in which you will be paying the employees of your company and even yourself. Many multinational companies cater to payroll service provider companies that do the work quite efficiently. These are some of the broad guidelines that will help you grasp the basics of accounting. It is essential to have some such wisdom for accounts as it is fruitful in all walks of life. About the author: Mansi gupta writes about asset and liability Learn more at http://www.assetsandliabilitiesbook.com Circulated by Article Emporium |
A Slice Of Success: Ways On How To Succeed In Real Estate Business
A Slice Of Success: Ways On How To Succeed In Real Estate Business
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by: David Riewe
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| With a relatively increase of the everyday commodities, more and more people are finding ways how to earn additional sources of income so as to compensate their expenses. That's why most people who look for alternative ventures resort to real estate business. However, even if real estate business appears to be lucrative to many, it still needs a lot of effort and skills to survive in the industry. So, for those who want to succeed in real estates business, here are some tips to ponder: 1. Set practical and sensible objectives. Just like any venture, the key to a successful real estate business lies beneath a sound and sensible target. This will serve as the guiding principle of those who wish to make it to the top. Through these objectives, people who are involved in real estates business can focus more on areas that need concern like the market, clients, and strategies that will make their business profitable. 2. Choose the right real estate strategy. The key to a successful real estate business is to come up with a certain strategy that will supplement the objectives stated on the entrepreneurs’ business plan. This strategy will also provide the right moves to take based on the kind of profit the real estate entrepreneur wants to achieve like an express cash or wealth establishment. 3. Entrepreneurs should acquire the characteristics of an ideal real estate agent. In order to succeed, people involved in this kind of business should acquire the characteristics of an ideal real estate agent. He or she should be adept in finding the motivated seller, determine the value of properties, and knows how to negotiate with their clients. 4. It's a must to know the laws. Part of being successful in real estate business is to know the existing laws of the state such as tax laws. Such that, if a real estate businessman does not know the laws, he or she may end up losing a lot money or worst end up in jail. 5. It is important to hire a reliable accountant. This is extremely important to almost any type of business. This is, in reality, significant in order to succeed in real estate business because the transactions involves money, and one of the person who is skilled to analyze and interpret monetary information is a certified accountant. Through the help of an accountant, people behind the real estate business will be able to track the ebb and flow of the market. About the author: David Riewe is a Publisher and Online Marketer. Visit his Real Estate Blog Save $$$ Selling Your Own Home FREE eBook Shows You How! http://www.push-button-online-income.com/fsbo Circulated by Article Emporium |
Are You Wealthy Yet?
Are You Wealthy Yet?
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by: Al Walker
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| Here's a real simple way to become wealthy. Marty and his wife live at home with their 2 children. They own a 3 bedroom house in a middle class neighborhood and try to live within their means. Marty works full time in the Printing Industry, while his wife is in charge of the home and looking after the children. They've accumulated some credit card debt and have 2 years left on a car loan. They try to stay out of debt as much as possible and together they've managed to contribute a total of $32,000 to their own Retirement Fund. It is kept in term deposits receiving 5% interest annually. Two years prior, the couple bought an older house that they fixed-up and rent out for $850 a month. After paying the mortgage and taxes $300 is left over each month. This goes into their savings account each month. At Christmas, the family bought themselves a new computer and decided to start a home-based business. Things started out fairly slowly but after 8 months they were receiving a steady check of $400 a month which also goes into their savings account. This part-time business will continue to grow with the effort they dedicate to it. This business also offers them some very lucrative tax savings. By taking advantage of these Tax Strategies they are able to save an additional $300 a month on tax that was normally deducted from Marty's paycheck at work. This monthly income is also added to the couple's savings. Marty has just begun writing an E-book about his "production expertise" at work. His plan is to market this book on the internet for profit Every Sunday the couple takes a drive to stay familiar with the Real Estate market in their area. They're looking for another property, a "handyman's special" to fix-up and rent out. They have saved enough for a down payment and their credit with the bank is well established. The family's total monthly expenses are $2000. Now, here's the question: Does Marty's family have Wealth yet? To answer this question properly you first have to understand exactly what "wealth" means.You achieve wealth when: *Your Passive Income is the same or greater than your Expenses.* So what does this mean? First, what is Passive Income? Passive Income is money that you are paid over and over again for work that you only do once. (This excludes using a gun or finding cash on the street) Some examples of this would be royalties for writing a book or a song, commissions that you receive for sales that others make and interest from bank savings or dividends on stocks/options that you own. Second, what Expenses are we talking about? This one's a little easier to understand. Expenses are the total amount it takes to run your household and your life. This includes, rent, mortgage payments, car insurance, food, credit card and loan payments, etc……… Let's look at Marty's family a little closer…………. Does Marty have any Passive Income? Yes he does. Marty's salary is not considered Passive Income. That's because he has to work 40 hours a week just to get the basic amount. If Marty doesn't go to work then he doesn't get paid. His overtime also doesn't count as Passive Income. The interest from their Retirement Fund does though. It's paid to him month after month as long as it's left in that account. So, $32,000 at 5% is $1600 a year. Divided by 12 months equals $133 a month in interest. Ok…..what else? After the mortgage and expenses are paid with the rent money they receive on their rental property they are left with $300 every month. This is Passive Income. Just as long as the tenant stays and pays his monthly rent. How bout that $400 from the home-based business and the Tax savings. Is this Passive Income? Well, Marty's wife made sure that she chose a company where she could sign new business accounts and get paid commissions on those accounts over and over again. They've made a 5 year commitment to build this business part-time. So yes, both the $400 and the $300 in Tax Savings would apply as Passive Income. Let's add up Marty's total Passive Income. Interest $166.00 Rental Income $300.00 Home Based Business$400.00 Tax Savings $300.00 Total $1166.00 Not including Marty's salary from work, his family's Passive Income is $1166.00. Not bad. Every month this amount flows into the family's bank account, regardless of anything else they do. We said that Marty's monthly expenses total $2000.00 a month. And we also said………… You have Wealth when: *Your Passive Income is the same or greater than your Expenses.* $2000 Expenses subtract $1166 Passive Income = $834 monthly balance needed to have Wealth. Marty's Expenses are still more than their Passive Income so they're not wealthy just yet. But they're well over half-way there. With this kind of knowledge a family can know exactly where to focus their financial attention. Maybe when Marty writes that ebook he could get some sales and royalties from it. Also the new Real Estate and more work on their Home-based business would certainly help them to attain more Passive Income. Once Marty's Passive Income is more than the family's Expenses then Marty could start to have much more freedom. He may even choose to quit his job and continue developing his Passive Income streams. Take a look at your own finances. What are your monthly expenses? Do you have more Passive Income than your Expenses? If you do Congratulations. You're Wealthy!!! If you don't. It's time to get started and start adding Passive Income from other areas as soon as possible. When you truly understand this principle, you'll be well on your way to becoming wealthy About the author: Al Walker, makes it easy to launch a successful online business and rapidly build your wealth to a six-figure income. Learn the 5 essential keys to online success. To receive your free 4-part mini-course visit: http://www.businessprogramreviews.com Circulated by Article Emporium |
An Introduction to Motivational Speaking -
An Introduction to Motivational Speaking -
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by: Ross Bainbridge
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| Everybody speaks. Some people speak and get elected president of the United States. Other people speak and armies of business people take to the streets, generating huge sums of money. Still others speak and people’s lives change. What makes for difference between those who speak and are received by a rapt audience, and those who merely fill the air with noise? Speaking clearly and effectively is a science and that science is called motivational speaking. For some it is more art than science but unlike art, true motivational speaking can be learned, can be taught effectively, and must be practiced. To begin with, the thought of getting up in front of a live audience and speaking about anything at all frightens most people to death. They’d rather do almost anything else, be almost anywhere else than in front of a large audience of people, all of whom are listening to them intently. But for some rare individuals, the idea of speaking to large groups of people is exciting. They thrive on the attention. And if they take the time to learn the basics, and if they have something of value to say, there are brilliant, lucrative careers waiting for them as motivational speakers. The best of the best become motivational keynote speakers. You may get an invitation to attend a seminar or lecture about specific topics. They are usually all centered on the very popular subject of making money but most are more specific in their targets. Some zero in on real estate, some on trusts and wills and estate planning, some are about accumulating wealth through savings strategies or investment plans, others on finding the hidden, illusive keys to success. You may attend one of these and find yourself sitting through a half dozen or so less than brilliant speakers before one man takes the stage and the audience is suddenly alert and paying full attention. This man is the motivational keynote speaker and he’s the reason most of the people in the audience are there. He’s the one they came to hear. Why? Because his way of presenting his ideas and concepts to an audience is the most professional, the most concise and the most readily accepted of the speakers present that evening. Because of the many business conventions that are held each year in Las Vegas, there are motivational speakers who work only there all year around. Las Vegas motivational speakers are highly regarded as some of the best in the business as only the best of industry personnel attend the conventions in the area. Some speak of very specific techniques geared towards specific industries. Others are more inspirational speakers, who speak broadly about leadership values and techniques to get teams of employees moving forward enthusiastically as a team. Whatever their particular niche, motivational speakers are well studied and rehearsed in the art of delivering their message effectively. About the author: Motivational Speakers Info provides detailed information about youth, professional, and Christian motivational speakers, as well as advice on how to become a motivational speaker. Motivational Speakers Info is affiliated with Business Plans by Growthink. Circulated by Article Emporium |
15 Construction Loan "Inside Secrets" To Building Your New Home.
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7 Reasons You Should Be Using The World Wide Web To Leverage Your Local Business
7 Reasons You Should Be Using The World Wide Web To Leverage Your Local Business
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by: Anita van Wyk
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| More and more, potential customers are not letting their "fingers do the walking." To find what they need, they are using their fingers to click at Google, Yahoo! or MSN . If you do not have a website – you are loosing them before you even have a change to tell them about your product or service. Think of a Web site as multiple, full-page Yellow Page ads that gets 100 times more results for your local business. Cover every business category and geographic region for a fraction of the cost of a single Yellow Pages ad. A Web site that works is the most cost-and-time efficient way to: 1. Build loyal lifetime customers 2. Grow Your Client Base 3. Build Trust With Potential Customers 4. Get the Jump on Competitors 5. Develop and Stay "Top of Mind" 6. Extend Your Reach - Attract new local (and global!) customers 7. Diversify: Open up new revenue streams. But where do you start? Well, you need to register a domain name, host your new site, build the site pages, submit your site to the directories and them promote it. You’ll need other people to link to your site and you’d want to send your customers emails. Perhaps most important of all you’d need to know how many people are visiting your site and how many of those are buying from you. It might seem like a lot at first glance and it can be, but not if you choose a company that gives you all the tools, in one place, with a straightforward, integrated, step-by-step process to support you every step of the way. Site Build It! (SBI!) is the only product in the world that combines site-building, site-hosting, and site-marketing and that makes it easy for you to build a professional, popular, and profitable business. You don’t need any technical experience (html, ftp, etc.) either, they handle all that for you. Sites built using SBI! consistently get high traffic, as a recent Alexa.com survey shows. - 62% of SBI! sites fall within the top 3% most popular sites on the Internet - 53% fall within the 2% most popular - 35% fall within the 1% most popular. If you can use e-mail and surf the Web, you can create a professional-looking, traffic-generating, sales-producing site. Real estate agent, landscaper, restaurant owner, health practitioner, artist, alarm system distributor, boutique owner...whoever you are and whatever you do... Site Build It! (SBI!) is the affordable, all-tools-in-one-place solution you need to build and host a Web site that WORKS. There is no better time than now to get your business on the World Wide Web... before you competition does. This article may be freely reprinted as long as all links and author information remain. About the author: ** To learn more about SBI visit – http://www.small-biz-web-solution.comtoday. ** To download your 28 page booklet, telling you more about SBI and how they help Small Business to get on the Internet – please send a blank email to sbibooklet@getresponse.com Circulated by Article Emporium |
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