What You Need to Know About Starting a Real Estate Business

What You Need to Know About Starting a Real Estate Business

If you enjoy selling real estate, then you already understand the types of profits you can make. Yet, it can be difficult to split your profits with several agents.

It can be such a disappointment when you hear you are receiving a $300,000 commission but splitting it with five other agents. Now, you are still getting a nice payment, but only a fifth of the full amount. Plus, you have to deal with the personalities of four other agents who probably think they know the best way to sell the house. It can be chaotic.

This is why successful real estate investors choose to own their own brokerage to help structure real estate investments in the best way they see fit.

Start with Saving

You will need money to open and run a business. Items to consider include:

  • Renting or buying a space
  • Website design
  • Logo design
  • Insurance
  • Office signs

Financing

Then, you need enough money set aside to cover operating costs. If you want your business to succeed, you need to keep the lights on and the Internet working. You also need your phones to work.

Moreover, if you plan on hiring anyone, you need to have enough one hand to pay their salaries for several months until the sales start coming in.

Legal Configuration

You want to ensure your business is a business. This all depends on what type of tax status you need. In general, many real estate brokerages are set up as LLCs. This means owners can legally separate themselves from liability and increase protection over personal property and finances if ever faced with a lawsuit.

It’s not difficult to create an LLC.

All you need to do is file articles of incorporation with state agencies and ensure your company maintains good standing. Nonetheless, it helps to seek out the advice of an attorney who specializes in real estate issues.

You may also want to discuss your plans with a financial advisor to ensure you are spending your money wisely.

Marketing

You also must decide how you will get leads. You need a plan that will keep your inbox filled and your phone ringing. If you don’t have leads, your business will dissipate rather quickly. So, you must have a marketing plan and a marketing budget.

Even if it’s a few reams of flyers, you must start advertising. Some strategies work better than others. The point is: you need to make money to stay in business.

Hiring

Now that you have a real estate business, you need to hire agents to bring in multiple streams of income. Who you hire depends on what type of business you can attract. The best agents will work for firms with the potential for many good leads. So, it is your job to provide that. Easier said than done, but it is necessary for getting the best agents available.

In Conclusion

Starting a real estate brokerage is a good idea for seasoned agents with a plan for success. Huge profits won’t come in overnight, but they will happen with the right strategy and implementation.

Get Help with Your Mortgage in Florida and Avoid Foreclosure

Get Help with Your Mortgage in Florida and Avoid Foreclosure

Source

A lot of people believe that, once they are facing foreclosure, no bank will touch them anymore. In reality, however, Florida mortgages are there to help them avoid foreclosure as well. Not just that, thousands of people who took out a mortgage in Florida many years ago have found that their original lender is now owned by a major national bank, is no longer in business, or has been sold to a different, out-of-state lender. In all of these cases, it may be time to consider a different mortgage altogether.

Start Anew

Florida mortgages are there to help you start afresh, and this can help you avoid or stop foreclosures. In fact, purpose foreclosure loans exist, which can take on your mortgage and any other debt you may have, combining them into one. Once you have done that, a weight will fall off your shoulders as you can suddenly meet all your financial obligations. All you have to do is find a Florida mortgage expert that deals specifically with foreclosure situations. A quick internet search will reveal many of these professionals just waiting to help you.

What Foreclosure Experts Do

Foreclosure experts work specifically with those who are in dire financial straits. They know that their clients have been turned away by the vast majority of other lenders but are able to find them other solutions. Foreclosure rates have always been at the highest in Florida and the government has created a number of programs to provide assistance with this.

Foreclosure loans do require a down payment. However, there are federal programs in place that can help with this as well. An example of a solution that is out there is the Florida Assist loan program, which offers help of up to $15,000 for a down payment. While this is a loan, it is non-amortizing and no interest is charged on it. Furthermore, the loan is offered as a second mortgage, and no monthly payments have to be made specifically for that loan. Instead, you will not have to repay it until the home is refinanced or sold on.

Another option is the HAMI (Homeowner Assistance for Moderate Income), which offers help towards down payments or towards the cost of closing. Furthermore, there are a variety of incentives and credit programs available through the government, all designed to ensure people can either buy their own home, or avoid foreclosure. The Office of Community Affairs provides a wealth of information on these options.

Naturally, the best option is to never get into a position in which you face foreclosure. There are many different Florida mortgage lenders around who have very friendly acceptance criteria. They would be more than happy to hear from you and discuss the options available to you. It is best to do this as soon as possible, rather than waiting until the bank starts to make moves towards foreclosure, as the longer you wait, the worse your situation will look on paper.

What is the American Dream Today?

What is the American Dream Today?

What is the American dream today? If you ask most people, they will answer something about a good career, a better home, or success in all things. What most of them really mean can be said much simpler and without pretense. The American dream is more money, but it didn’t used to be.

Money didn’t used to be the American dream, but it has become the facsimile of it. This is because our country has lost itself and few remember what we once believed in.

The truth is the American dream used to be happiness, now it is money. Even those who dream of fame or power, don’t really care about either without having money to back it up. This is all true, because American is not the greatest country in the world anymore.

America isn’t the greatest country today.

This is an assertion that is made regularly by the more progressive politically active person today. This is an opinion held by both liberal and conservative persons, by men and women, even an opinion by those that are anti-government radicals and anarchists. Most hold this opinion because something has left them disillusioned with the way American treats people, enforces laws, engages in foreign policy, or the way it fails to do each of these things. In any case, the American dream has slowly been eroded in the wake of the shifting of society into socially separate and economically stratified groups that feel their separation from true power to change the United States of America. That America is not the greatest country in the world and it isn’t nearly as rich, as it once was either.

American has become a divided nation.

The real problem with the American dream today is essentially that most intelligent people are guided in how they are focused on achieving it. We have a two party system that is supposed to be representative of equality and real world representation of public opinion. In reality, the two party system is set up in such a way, that if we do not choose one of the two sides, it is nearly impossible to even have an opinion. Anything that mildly deviates from the left or the right, those views are not likely to get enough support to be represented. Ask anyone from an extremist point of view, or someone holding very middle of the road political opinions. Both these equally valid positions, simply do not have enough representatives in the population to warrant either party worry about them. Except possibly in little percentages or swing votes, and only during the elections of major importance like the presidential, or elections for the Senate and House.

Americans think great things about the United States, but they have no reason or proof that they should feel that way about America. Almost as if there were two countries simultaneously existing on top of one another.

One being America, a land whose population is made up of common people and citizens, but nobody who actually can count on the government to protect them, or even share the same country with them. The other being the United States, it is a country whose population is made up of true believers in the body political or you might call them the United Statesians, like the Romans were the true believers in the military government overlooking the Roman Empire. Americans are free but not equal to the United Statesians. Both sides of American want freedom, but both do not believe in the same way of achieving it.

One thing is true, despite these basic conflicts.

Most Americans wane nostalgic for the past. A time before television, before technology, before the Internet, and before the country had become so jaded. When the country wasn’t so scared to be politically correct or socially incorrect. If the American dream still exits, it is a dream that is rooted in somehow returning to a place of innocence. Because happiness is still the real American dream in our hearts.

 

Jessica Kane is a professional blogger who writes for Faxage a leading company that provides Internet fax service for individuals and businesses.

How to be economic with your food budget

How to be economic with your food budget

With kids in the house especially teenagers it is really hard sometimes to be economic with food. This is because they always want to be eating something. You really can’t stop them if they truly want to eat. Below are a few helpful tips that will help cut down on your budget. The tips still allow you to stock food stuff you want.

Plan your meals ahead

You will spend more money if you are shopping for food every day. Plan your meals ahead and shop once a week. The problem that comes with shopping for each meal is you end up buying other unnecessary foodstuffs that you can actually do without. You will end up buying chocolates and extra ice cream when you can buy this once week. Make a plan and stick to it. You will not have spent so much. The same rule applies to online casinos. You need to stick to your budget before you wager. You can visit www.newzealandcasinos.co.nz should you be interested in reading more about gambling and casino budget information.

Prepare a list of the things you need in your pantry and freezer

It is very wise to check your pantry and your fridge for what is missing and buy the essentials first. Most people buy stuff and they come home only to find they already had what they bought. How annoying is that? Or even buy plenty of steaks just to find out that they are running out of cooking oil. Sometimes, because people want to shop they will say that they have nothing for supper yet their food stores are nearly bursting with food. If you really want to shop, it is ideal to start looking at what you already have. That way you will spend less and not buy unnecessarily.

It is also economic to eat leftovers

Serving leftovers really cut down your food budget by almost a quarter. Don’t ever feel bad about serving leftovers.  Once they are warmed and if they were prepared well they are still healthy. Some of the leftovers that we just pack in the fridge end up in our bins which are really a loss. You will not want to win real money online casino games just to be wasteful like that.  Use these tips to be economic.

Two Important Factors that Set Good Financial Advisors Apart

Two Important Factors that Set Good Financial Advisors Apart

Keith Springer is a popular financial advisor that has dealt with some high profile clients. He believes everyone should work together with a financial advisor, and has created some advice on how to choose the best one. According to him, there are just two factors that people should really look for.

Their Experience in Financial Planning and Their Price Package

Good financial advisors are also excellent financial planners. That means they look at the full situation of an individual, making sure they plan personalized strategies to meet their goals. This is very different from a financial advisor who works more as a broker, meaning you ring them with a description of your needs, such as an insurance policy or investment, and they execute it for you. Financial planning is always separate from financial advice, so it is likely that you will be charged for that as well.

Their Area of Focus

Different financial advisors have different areas of focus. Common areas include:

  • Estates.
  • Taxes.
  • Retirement planning.
  • Financial planning.
  • Insurance.
  • Investment.

Others, however, take a more generalized approach. Which of the two is better for you depends on your personal needs. You have to think about the bigger picture yourself as well. For instance, if you are in your late 40s, you may only require financial planning, but will quickly be approaching the time where you will need retirement planning and, eventually, estate planning. This means that a generalist advisor may be more beneficial, as it means that you won’t have to find a new advisor each step of the way. However, if you have a specific issue that you need help with, such as buying into the right life insurance, then a specialist advisor is perhaps more suited to you.

Some Extra Considerations to Make

The two factors above are the most important ones to consider when choosing a financial advisor. However, there are a few other things to consider as well, including:

  • Whether they offer convenient appointment times, including outside of regular office hours.
  • Whether they and their staff make you feel respected and comfortable.
  • Whether you feel like your advisor and support staff go out of their way to help you out.
  • Whether you feel like your best interests are at the heart of what they do.
  • Whether their office is comfortable, efficient, and easy to get to.

Make sure that you research and speak to a number of different advisors before you make a final decision. This will enable you to see what sets the different advisors apart, enabling you to find the one that will best suit your needs. All good financial advisors will offer you a free initial consultation if nothing else, and you need to use those to see how you feel about the advisor, their work, and their office. The decision on whether or not go ahead with their help should be left up to you, and you should not be pressured into making a decision on the spot.

How to Get Out of Debt and Avoid Bankruptcy

How to Get Out of Debt and Avoid Bankruptcy

Indebtedness is rising across America. The good news is that you are not the only one facing crippling debts. Also, there are plenty of things you can do to get out of debt. If debt becomes too much to pay off, you may have to file for personal bankruptcy. Many people prefer to avoid this scenario due to various reasons, including not wanting to hurt credit scores. If you are currently in deep debt, here are several things you can do to alleviate your situation:

Make a Repayment Plan

The best way to get out of debt is to pay back all your loans. So, don’t be scared of the red notices. Repay at least something back so your creditors don’t have a reason to sue you. If you have multiple debts, you will have to start making a plan to pay it all back. You can prioritize certain debts to pay back, such as loans with high interests or loans that could lead to loss of a vital possession, like a house or a car. You don’t have to do this alone. Talk to your local financial consultant or Scottsdale bankruptcy attorney to weigh all your options first.

Negotiate with the Creditors

Don’t avoid the creditors and dread collection calls. If the debt has become too much to pay off, you can always try to renegotiate the terms of payment with the creditor involved. If you default on a loan, the creditor suffers a loss too. So most creditors prefer to extend due dates or lower interest rates rather than have a debtor who defaults. You can try negotiating yourself, or hire a lawyer to do this on your behalf.

Cut Back on All Unnecessary Expenses

In addition to the above, you must make certain decisions with regards to your personal finances to get back on your feet. Expect that you may have to spend the next two or three years in extreme frugality until your debts are paid off. You will have to eliminate all unnecessary expenses for things like clothes, shoes, or vacations. Create a household budget and track all income and expenses. If there is an expense that can be eliminated, it will have to go until you are debt free. This will be quite difficult for many, but compulsive spending habits will have to be reined in.

Get a Second Job

You can largely eliminate debt by increasing your income, so you can use the extra cash to pay off creditors. If you already haven’t done so, get a second job at least on a part-time basis. You may be able to work from home too depending on what you are good at. The point is to make more money than you did before, and use that money to pay down your debt.

Check the Attic for Things to Pawn

Not everyone can just go out and get a second job. If this is the case, there are other means to get your hand on extra cash to pay down debt. Search your house for old vintage items or things you no longer need. Those old vases, toys, or clothes may be valuable enough to sell online. You can use a site like eBay to auction off old items and earn some extra cash in a time of need.

If all else fails, you can file for bankruptcy. It’s not as bad as everyone thinks. Certain forms of bankruptcy, like Chapter 7, allows a court to eliminate unsecured debts like credit card debt. But first, try the above, and talk to a lawyer.

What is online trading and how does it Work?

What is online trading and how does it Work?

Online trading refers to the process of purchasing or offering financial items via an internet driven platform. In most cases, the platforms are provided by web-based representatives, and they are usually accessible to every individual who wishes to make a profit from the market. The online trading platforms such as CMC Markets offer an assortment of different items for trading including shares, indices, commodities, and Forex. Among these services, Forex has been the most recognised form of online trading over the past few years. The invention of the Internet and the affordability of high-speed Internet enabled mobile phones have made online trading something that anyone can try from the comfort of their homes. No need to rush to the bank or walk on the streets trying to convince people to buy your products.

Simple and Convenient

From the comfort of your home, you can trade in Forex which incorporates coinage such as a Dollar for a Euro or an assortment of other commodities such as gold and silver, and to some extent, it also provides some real market files.

It isn’t for the Experts Only

Online trading is not reserved for experts only. Anyone with the knowledge of how to use the internet can venture into it. You simply open a trade by selecting a suitable item, sum and heading and you are free to close it whenever you want to. Many platforms also support the concept of trading twofold choices whereby you simply pick the item you wish to trade in and make a selection of whether you think the item cost will go up or down with time. Online trading in double alternatives represent the basic form of online trading, and on any particular choice you make, chances of you arriving at the correct verdict are as high as 80%.

Learn First then Invest

Online trading involves trading distinctive monetary standards and stocks while making a profit from them. To start off, you need to join an online trading class. Upon joining such a class, you should gain access to numerous volumes of free resources such as eBooks and videos to prepare you for online trading. Some online courses will offer you with a free demo account that you can use to test your abilities without losing any money.

Parts of an Online Trading Account

An online trading account has three segments namely:

  • Bank Account: This is the real investment account which is linked to your online trading account. If you are purchasing anything online, then the cash is deducted from your bank account
  • Demat Account: The purpose of a Demat accountis to mirror the adjust of the various trade items that you hold electronically.
  • Trading Account: This is the platform where you trade. You utilize the account for trading in the essential and auxiliary market.

Basic Instructions to Trading Online 

  • To start online trading, you must open a trading account with one of the broking firms. The online trading account should be accompanied by the Demat account. While opening the online trading account, make sure that the broking firm is confirmed by the SEBI.
  • Consider rehearsing with an online stock simulator: The test systems offer you with an excellent approach to learning online trading. The mistakes you make won’t cost you since it is a test system thus you can learn without the fear of losing your money.
  • Learn all the essential stock market basics: To figure out how to trade effectively, learn everything about the stock exchange and its dynamics. You may learn through news and websites, taking up simple courses on investment or listening to podcasts. Once you understand the stock market, you can be sure to end up as a successful investor.

You are good to go

If you keenly follow everything in this article and work your way up, online trading will be a straightforward and productive undertaking for you. Efficient online trading is only achieved through practice and nothing else.

Example on How to Make Money and Enjoy Life

Example on How to Make Money and Enjoy Life

What are you are pursuing in your life? Is it happiness, money, success, fame, power? For each person this answer will be different but one thing that the large majority of us can definitely agree on is that we are all seeking for a happy life.

We are spending some time on focussing on a wide variety of people who have managed to achieve the happy life which many of us are looking for and the various stories which we hear serve to further inspire us all to achieve our dreams and live that happy lifestyle, whatever it means to you. Today we are going to look at the life of Bennett Kireker New York City salesman who is living out his comfortable life on the Californian coast. Let’s take a look where he came from, how he earns his money and what he does to relax and enjoy himself.

Agribusiness

Having always had a passion for the agriculture industry, Kireker would go on to study agribusiness in college before deciding that this would be the future for him. Starting out in a small way, the young Kireker began growing and selling organic vegetables from a small garden. The produce would be sold to local restaurants and diners and the profits began to come in. Following this first agricultural venture, Bennett saw the demand and potential for profit in the farming equipment industry and began his own business with a friend of his, selling equipment on a local basis. The equipment sales were a roaring success and so Bennett decided to go national with his business.

Pismo Beach

Following the success of the farming equipment business, Kireker moved himself and his company down to Pismo Beach, California, a place which Bennett himself fell in love with. He runs the business for just a few hours per day from his headquarters in California and spends the rest of us time enjoying the California sunshine, safe in the knowledge that he has created a business which has a strong foundation and requires little input from himself. Kirker’s passion for farming can thrive in the agricultural hotbed of California and it is here that he plans on staying.

Taking the Load Off

When we asked how Kireker likes to spend his time, his description of how he relaxes is enough to make anyone inspired. Aside from enjoying the California lifestyle in Pismo Beach with its proximity to San Francisco and L.A. he also enjoys hand gliding on weekends and allows his inner geek to come out on a nightly basis with some VR gaming, the technology of which is improving each and every day. Despite enjoying the beach scene, Bennett also loves nothing more than a trip up to New York, be it for business or pleasure, and always makes sure that he catches at least a game or two at the home of the New York Jets.

Kireker’s career shows just what you can achieve if you work hard on something you love, and what the rewards are at the end of it.

First time investing. Vital questions to ask your financial advisor

First time investing. Vital questions to ask your financial advisor

Looking where to invest your hard-earned money? Want to protect and grow your family’s finances at the same time? Then you’re looking at investing – and for this, you’ll most likely need assistance from experts aka financial advisors.

Of course, you can also do your own research by going online and reading up on mutual fund investment and other investment types available. The questions below will help you know if the financial advisor matches you while at the same time getting a quicker and more in-depth grasp of what you’re looking for.

How do you charge for your service? How much? If this information isn’t available on the website or advertisement of an advisor, ask about it first thing during your initial meeting. Inquire if there’s an applicable planning fee, percentage of assets under management, or if they make money from specific products they sell.

What services do you/does your firm provide? What’s implied in this question are the assistances the advisor cannot give you. Some people are only investment advisors who can give you investment advice. Other people have comprehensive financial planning expertise about insurance, retirement, estate tax, and planning, etc. Ideally, you want to go with someone whose offering will suit your needs.

What are your credentials, licenses and other certifications? If you want someone to help you manage your money, then more than their skills, you better know their credentials. If you’re earning a high income or are a business owner, you’ll want help from a certified public accountant (CPA), who can offer advanced tax planning services. Check to see if they have a personal financial specialist (PSF) certification, which shows you their ability to help clients with financial planning.

What’s your education and field experience? Assess your prospective advisor’s educational background and field knowledge to know why that particular advisor is uniquely positioned to assist you with your financial investment goals. Specifically, find advisors who have proved they can actually apply their knowledge to create the best strategy for you.

What types of clients do you specialise in? Many financial advisors have a niche or field they expertise in, so if you have a specific interest, such as socially responsible investments or charitable giving or if you’re recently divorced or newlywed, you will want to find an advisor whose expertise resides in that field.

Has the consultant worked in any specific industry? Does he know the important industry players? Selecting a consultant who is well-informed of the industry will boost the quality of the result and lessen the amount of time needed to reach the result you want.

End Note

Take note that top mutual fund investment providers online will have their own accredited financial advisor to assist clients. Take your time to do it right. Suitably selecting a consultant isn’t easy and it takes a lot of time. Nevertheless, the payoff from the right use of financial advisors can be huge. On the other hand, the costs of poorly chosen consultants can be distressing to your personal, family, or business finances. Therefore, the time and effort spent choosing a consultant is a good investment.

 

4 Ways to Find Funding For Your Start Up

4 Ways to Find Funding For Your Start Up

Did you know that 56% of new businesses will collapse within their first three years? And, that of the 44% which remain, over half of these will fail within the following 2 years? These are worrying statistics for anyone who is looking to commence their own start-up and as such it is vital that the reasons behind the failures of others are looked at carefully, and more importantly, avoided.

The majority of businesses which fail, do so because of either financial mismanagement or a lack of funding to keep the business going or seek growth when the time is right. In order to avoid these problems it is vital that you have sufficient funding in place for your new business, and here is where to get it.

Bank Loan

Banks have been loaning money to new businesses for a very long time and they are still one of the most tried and trusted methods of funding a new enterprise. Bank loans will have very reasonable terms regarding repayment structure and they will also assist you in your business in any way that they can. It is worth remembering that a bank wants your business to succeed, not only will it mean that they get their money back, but also that you are more likely to keep your business with them in the future.

Investor

Ever since the booming successes of start-ups such as Uber and Facebook, there are more and more investors looking to plough their money into exciting start-ups. These people are referred to as angel investors and you can use their money to propel yourself to success. Often you will need to pitch your idea to them and negotiate the terms of their investment, this could mean giving a small share of your business away for a helpful cash injection.

Grants

Governments love a successful start-up as they can have a positive effect on the economy as a whole, creating new jobs and adding to created revenue. For this reason there are a lot of grants which you could tap into that have been set up by government agencies to support you and your start up. The figures which you can get your hands on are not enough to complete your funding goals but they will boost your financial strength and give you a higher chance of success.

Personal Finance

There is nothing wrong with investing your own cash when it comes to setting up a business although if you do, you will need to consider your personal and business finances as two separate entities. The reason for this is because it can become highly confusing and could land you in hot water. If the business does run into difficulty, you should not have to pay for this out of your own pocket.

So there you have it, four great ways which mean that you can go and get the funding which you need, for that million dollar idea of yours.