Monday, 9 January 2017

Top 6 Ways to Help You Into The World Of Real Estate While You Save Money To Invest

Trying to invest in real estate is not always an easy task. In fact, it can be quite daunting. There are so many things to learn, all the little ins and outs. Secrets, that it seems only the real estate tycoons know. It can seem almost impossible to break in at times. But, thankfully it’s not. With hard work, determination, and motivation, you too can break into the world of real estate. Even the biggest obstacle of capital can be overcome. How, may you ask? In this article we will be sharing with you 6 different ways to help break you into the real estate world. Whether you are trying to find ways to help you build capital more quickly, or even invest without capital.

 These 6 methods can help.

Method #1: Working Your Current Job or Something Like It

One great method to help you build capital more quickly is by working the current job you have more diligently. I.e. take extra shifts or work longer hours. Or, take a side job or gig in something you’re already good at, to help bring in extra capital. This can be anything from an Uber driver, to a bartender, to freelance writing, etc. There doesn’t even have to be any real link from this type of job to what you’re doing now. Find something that will help push your capital influx in the right direction.

Method #2: Wholesaling

Wholesaling is good for those with outgoing personalities, because you’ll be dealing with people a lot. Now, this doesn’t mean that if you’re more introverted you can’t wholesale; you just may not enjoy it as much. One benefit to wholesaling though is that it helps springboard you into the real estate world. You can make money while learning the in’s and outs of the industry. Just don’t make the mistake of thinking that wholesaling is the same as investing, because it most assuredly is not.

Method #3: Working As A Referral Agent

While this job has no real link to wholesaling, it is similar in that it’s a more people focused job. However, unlike a normal real estate agent who deals primarily with homebuyers. Referral agents work with investors. There are a lot of pros to this gig, one being you rarely have to show a property. Another is because you deal primarily with investors; you won’t have to deal with the “emotional buyer”. That is because most investors see the home as a dollar sign, and not much else. Both of these are great benefit, plus, like with wholesaling, you get firsthand experience in the real estate industry.

Method #4: Partnering

Partnering is an option to try when you want to invest without capital. While this can prove to be more difficult, it can always be very rewarding, and speed of your process into the industry. However, make sure you keep these few things in mind when going this route. One, always know your partner and make sure you develop a strong relationship first. Two, keep the partnership bulletproof for legality to protect yourself in the instance that something were to go down. Three, make sure you have something valid to bring to the table. An investor won’t be interested if you don’t have a solid plan. So, you need to really sell yourself and what you can do for them as a partner. Four, always discuss an exit strategy.

Method #5: Using Loans

This method is both straightforward and complicated. It’s straightforward in the sense that it’s self-explanatory. But, obtaining a loan can be difficult, require a lot of paperwork, and if you go the mortgage route, a sometimes hefty down payment. There are a lot of options though when it comes to this method, and it would be wise to research loan options carefully.

Method #6: Gaining Education

This is perhaps one of the most important. Because it doesn’t matter how much money you have, if you don’t know what or how to use it, it’s pretty much pointless. So educate yourself on the industry. Read books, go to seminars, and talk to people who either work in real estate or have made money in investing. You can never have too much knowledge or over educate yourself.

Investing in real estate doesn’t have to be an impossible goal. It just takes some time, patience, perseverance, and the willingness to work hard and be on the lookout for every new opportunity and then seize it. 

Thursday, 22 December 2016

How to Fix Rental Bathrooms?

If you live in a rental home and you don’t know how to fix the bathroom or how to make it presentable, following are few tips that can help you to make the small changes and make the space livable for you.
Rental homes may have a bathroom which is not presentable or has the hardware that you dislike; however, if you know how to make it work by introducing the much-needed changes, the complete look can be changed.

Themed Bathrooms
If you are not a fan of themed bathrooms, but you are in a rental house which has themed spaces, it means that you will have to cover the theme with an alternative. For example, if you don’t like blue tiled bathroom, you may hide it with painted floor cloth.

Less is more
Some of the renovators have the tendency to go overboard in terms of making changes or adding new elements into the bathroom space, which may contribute to making the overall space cluttered. If you have a bathroom in the rental house that may resemble the above-mentioned case, it is time for you to make changes by getting rid of the additional elements. For example, the lighting shades can be changed to add simple bulbs. Likewise, the curtain can be replaced with a glass separator to create a cleaner look.

Smart Changes
As it has been said earlier, the changes in the bathroom can be very small; however, if they are done cogently, it can make a huge difference in terms of changing the complete outlook. For example, if you don’t like the number of pipes under the sink of the bathroom, it can be concealed if you put few of the plant pots into that area. It would add greenery and serve as the cover for the less pleasing parts of the space. Similarly, if the toilet is white in color, it can be replaced or mixed with some color. For instance, if you add black color for the cover of the toilet seat, it could help to create a black and white theme.

If you don’t have the time to maintain the walls of the bathroom space in terms of upgrading the wall paint or safeguarding the walls from moisture, opting for faux walls can solve your problem to a large extent. Moreover, the tiles can be replaced with the panel on one of the walls, if your budget is limited and you want to save the money, as the house is rental.

Significance of Time
If you really dislike the rental bathroom, chances are you will tend to spend more on the renovation, which would ultimately consume your time more than the required. Therefore, it is important to make changes which will save your time and energy in terms of modifying the weak areas or d├ęcor of the bathroom space. For instance, if you make a list of things that you want to add or replace in the space can help to complete all the tasks one by one. In addition, following the list will also give you ample time to assess if the change in the bathroom is the requirement or it’s just your extravagant tendency speaking.

People usually underestimate the role of neatness in things in general, however, it has been noticed that if you give importance and spend time on maintaining the hygiene of any place, it will most likely appear nice in appearance as well. In other words, if you can’t afford to bring or add accessories for the rental bathroom, but if you have time and a small amount of money to keep it maintained and tidy, the look of the space can be improved many times.

Help from a Professional
Although this option may sound a little expensive to you than the options mentioned above, however, if you are on good terms with a professional in the field, it could make your job easy by providing you insights and easy tips. For example, if you know or are friends with an interior designer, he/she might pinpoint significant areas of the space that will transform the appearance without having to spend money on getting new things for the space.

If you don’t know how to categorize what type of things in the bathroom space are useful and what are installed in the space for the mere purpose of decoration, you could take help from an outsider or a friend who would be able to help you to with sorting this out. Once you have figured out the functional and non-functional parts of the space, half of your job will be done. And the other half of the job means that you will have to take out that non-functional stuff to create space and add simplicity to the bathroom space.

If the rental bathroom is already well decorated, chances are the plumbing or pipelines will need some kind of fixing, especially if the rental house is in an area where the moisture is a big part of the environment, as the moisture aggravates the worn off paint and pipeline issues in the bathroom. This means that if you get a good plumber and get any kind of leakage issues fixed or plumbing problems sorted, the presentation of the bathroom space will get enhanced. Moreover, the door knobs or other hardware can be replaced with simple or better materials to complement your fixtures in the bathroom space.

Storage Space
If the storage space is cluttered, de-cluttering it will immediately help to make the bathroom space seem spacious. Moreover, vanity mirrors can also contribute to increasing the spaciousness of the area. If you are not short on money, you can spend money on getting new and simple shelves or cabinets, if that is what you like to make the space seem new. The main point is to remember that cabinets and shelves are supposed to increase the storage area of the space rather than any other purpose.