Investing in real estate meanings putting the money you have today to work for tomorrow. Simply put, real estate is a business that requires a healthy dose of foreknowledge, confidence in your research, and skill in assessing the lucrative real estate markets of today and tomorrow. The revenue you make on your return must be enough to cover things like taxes and the cost of owning real estate investments like paying for utilities, maintenance, and insurance.
Basically, real estate is the real world equivalent to monopoly. But just because the concept is easy to grasp doesn’t mean that the industry is easy to excel in. Below are a few helpful tips for those who are novices in real estate investing.
Deciphering the best cities and bustling towns to start investing in real estate is crucial. If you can develop the foreknowledge it takes to scope out lucrative areas, then you are already off to the best possible start. An old real estate investing adage is to look for the worst house on the best street. Why? Well, a good location provides strong potential for tourism, and “fixer-upper” property allows you to buy low, invest your money into renovating and upgrading, and then sell for a price that reflects your renovations.
The 1% Rule
If you plan on purchasing a property that you’ll rent out to one or more tenants, then you should utilize the 1% rule.
The 1% Rule states that an income producing property must produce 1% of the price it costs you every month. For example, if you buy a property for $150,000, then the monthly rental income should be 150,000 x 1% = $1,500. Simple enough, right? Well, the true skill in this area comes from searching out and capitalizing on properties that are conducive to the 1% rule.
Appreciation is when the land and market around you goes up due to an outside factor in the community. A major new shopping mall, city upgrades, and even the investments you put into your properties that make it more appealing to potential buyers all help produce appreciation. While extremely lucrative, this is one of the riskiest elements of real estate investing, and caution should be taken when playing the tricky game of real estate appreciation.
Real estate investing is a great industry to enter into, and simple as it may be in its description, the application of it is something that requires skill and precision. However, difficult as it can be, implementing these three steps will prove to be extremely useful for you in the long run.
Now that the 2018 Winter Olympics Games has come to a close, it is an appropriate time to reflect on one of the biggest Winter sports: snowboarding. Believe it or not, snowboarding was once banned at ski resorts, but that was in the wild west days of this aesthetically arctic sport, before the likes of Ross Powers, Kelly Clark, and Shaun White made it the respected sport and household name that it is today.
Time Magazine once referred to snowboarding as “The worst new sport.” And while it did have a rough go with its humble beginnings as an Olympic winter sport, snowboarding has gone from odd one out to a mainstream golden child in a little less than a decade. So, to celebrate the athletes that participated in this sport in the past Winter games below is a brief history of snowboarding in the Winter Olympics.
Making the Olympics Cool Again
Known for being a counterculture favorite, snowboarding was often the back pocket gem for those involved in the sport. But In 1995, snowboarding was added as an official sport to the Olympic Winter Games. It made its debut in the 1998 Nagano Olympics, but even with its addition as an official Olympic sport, no one could have foretold of its popularity in mainstream culture some twenty years later. While the sport was a bit slow coming out of the gate in 1998, all of that started to change in the 2002 Salt Lake City Olympic Games, where snowboarding went from up-and-comer to full-fledged Olympic sport.
Perhaps the highlight of the Salt Lake City Olympics was when 18-year-old Kelly Clark, in front of thousands of Americans, won the country’s first gold medal of the Games. A day later, Ross Powers, Danny Kass and JJ Thomas dominated the men’s halfpipe. Then, seemingly all at once, snowboarding became the Olympic sport that all the cool kids wanted to be a part of.
Continuing to Grow
Perhaps its first truly mainstream star, it’s undeniable at this point that Shaun White is a huge name in the sport of snowboarding. And in 2006, snowboarding found an athlete with the charisma needed to take it to the next level. With White’s domination of the 2006 Vancouver games, many Americans found themselves cheering for a sport that was less than fifty years old, and the sport truly found a home with old and young alike.
While it has certainly endured its fair share of growing pains, snowboarding continues a positive, upward trajectory both in the skill of its athletes and the popularity of it as a sport. And after a disappointing run for Shaun White in the 2014 games, White solidified himself as a true comeback kid in the 2018 games, a title that snowboarding itself has earned over the past twenty years, as well.
In the 2018 games, seventeen different nations earned a medal in snowboarding, with the U.S. at the top of the list and Canada coming in second. Truly, it was a great year for snowboarding as a whole, and indicative of its continual climb as a sport that showcases the excellence and skill of extreme athletes.
All around the world, there are organizations whose sole purpose is to help others. Most of these, are nonprofit organizations. With so many causes that need the support of society, it isn’t hard to find one that you can help. Being a part of a community, of any size, includes giving to those who are less fortunate. There is great value for all parties when community involvement and engagement has a strong presence. Here are just a few ways that you can gain from giving.
One of the most powerful takeaways from working with those in need is a new outlook in life. Especially for first time volunteers or donors, seeing the people who need the aid from nonprofits, can leave a lasting impression. These encounters often help us see that what we have is good. Life could be a lot worse and getting a glimpse into that life can drastically jolt one’s perspective. There is no greater gift then understanding the true meaning of being grateful for what you’ve got in your life.
If any for-profit company doesn’t give back to their community, they are doing it wrong. Sure, the CEO can write a check every year, but the entire company does not benefit from the donation. Coming together and collaborating to help others is a fantastic way for teams to bond. Many organizations offer incentives to companies who send large groups to volunteer. In addition, it is a great way to build up a positive reputation within your community. Patrons are more likely to choose a business who partakes in philanthropic acts over ones who refrain.
Health & Wellness
If the first two reasons weren’t enough for you, this will surely spark your urge to get your charity on. Those who participate in volunteer opportunities gain countless health and wellness benefits. Mental and physical health, both improve from partaking in charitable acts. Choosing an event that includes physical activity (5k run, donation drive, children’s activities) keeps one in shape while contributing to the community. Additionally, those who work closely with nonprofits often have less stress in their lives. Less stress means a clearer conscious and improved mental health.
Attempting to dominate the ever-evolving nature of real estate, single-handedly, is as illogical as it is unnecessary. With the passel of agents, forums, and news outlets who’ve flocked to the Internet to impart their wisdom, staying ahead of the real estate trend is a breeze. Among the most beneficial online real estate resources include:
Real Estate Marketing Machine
Spearheaded by Chief Marketing Officer, Lisa Klinkhammer, Real Estate Marketing Machine underscores the importance of fusing agent expertise with marketing knowledge. The underlying purpose of their content is to delve into the intricacies of marketing, allowing agents to hone their skills and “grow their business in a digital age.”
Focused on tackling the vast complexities of technology, GeekEstate Blog illustrates how to make modern-day advancements a friend, not foe. No doubt a nod to their astute knowledge in machinery, the “geeks” who run this blog are well-versed in evolving technology trends.
This all-encompassing forum touches on relevant real estate events. Delivering “accurate, innovative, and timely information about the business,” Inman has universal appeal. From up-and-coming technology articles to proactive stances on foreboding topics, Inman covers all things real estate.
Primarily inspired by real-life stories, Redfin is committed to providing subjects of topical interest. Using real estate professionals to validate their findings, Redfin unveils examples of real estate in its purest form.
Designed to combat the stagnancy associated with outdated education, McKissock offers a raft of educational resources. From helpful tips to legitimate how-to’s, McKissock provides a viable outlet for agents who are looking to polish their real estate knowledge.
Allowing readers to express their varying standpoints, Housing Wire takes real estate market trends and feeds them to the public. While “open commentary” is their shtick, Housing Wire volunteers their advice on pressing matters as well.
Real Estate Tomato
The blog that inspires blog, Real Estate Tomato is a platform that promotes the use of real estate blogs. Their articles broach blog ideas and strategies, fostering blog startups from infancy to execution. Well-versed in the blog realm themselves, Real Estate Tomato’s advice is nothing short of authentic.
Miller Samuel Inc.
Incorporating a unique facet to their forum, Miller Samuel Inc’s inclusion of podcasts give them an undeniable edge. Offering auditory learning and fresh perspectives, author Jonathan Miller provides a blog second to none.
While multiple layers is great for keeping riders warm, the heat generated from the intense exercises involved in snowboarding means that people can experience diminishing returns. In most cases, all a snowboarder needs is some thermal clothing, not made from cotton, and a light, waterproof jacket; a hoodie can be stored away until such intense cold sets in. Cotton should be avoided as it absorbs sweat-sweat can freeze and will further lower body temperature.
Renting is Fine
Unless a first-timer has been given a quality board as a present, there is no shame in renting one’s snowboard. Furthermore, the first hobby purchase should go toward one’s boots. One important thing to know when looking into buying or renting a snowboard is the significance of “regular” and “goofy;” regular means the user leads with his left foot or shoulder and goofy means the user leads with his right side. Notably the notation of regular and goofy also affects which side of a chairlift queue boarders should take.
Tether Your Board
Snowboards are a moderately costly piece of equipment. Any boarder who fails to somehow tether his board to his body is inevitably going to lose that board, possibly for good.
Understand Who Has Right of Way
Right of way travels downward because it is easier to see people in front of a person than it is to see out of the back of that person’s head.
Do Some Preparation
Before anyone heads out to try snowboarding, it is a very good idea to research the weather forecast for the duration of your snowboarding trip and to assess what equipment is actually needed for the forecast. Upon arriving at the site, it is a good idea to start the day with an energy-boosting breakfast, to remain hydrated throughout the day and to regularly stretch one’s calves, hamstrings and quadriceps.
Push With the Back Foot
Much like how one maneuvers on a skateboard, the ideal means of snowboard propulsion is to push off with one’s rear foot. While it may seem odd on initial attempts, the alternative is to place undue levels of stress on the knee joints of the leading foot, a foot that should remain locked into place on the board.