Author Archives: Ashley Robinson

Locations with Economic Diversity for Real Estate Investment

Investing in a real estate location may seem obvious when all you have to do to garner the most amount of profit is by investing in major cities. However, the idea itself is hardly practical as although properties in major metropolitan areas often yield the highest return, purchasing and even maintaining it can be a real challenge. There’s also the fact that you’ll have so many more competitions ready to offer a better price compared to yours.

Despite all of those facts, major cities remain to be a highly profitable location for real estate investment. However, simply leaning onto investing in those areas won’t give you a chance to learn about creating opportunities, and learning when there is one. There are a set of complex factors that make a location a good place for investment. Those factors go beyond a mere number of population or population growth. There is a question of sustainability especially in the entirety of the economic sector of a location. And the issue of economic diversity is not something that all areas possess, nor seemed to develop in.

What is economic diversity?

Although locations that focus on a single or a few industries can very well thrive,

Places with a high economic diversity is on a level of their own. Economic diversification both stimulates positive economic growth and is a result of economic growth in itself. Some of the most common one-industry that dominate an area or a state are the industries of tourism and the oil and gas industry. These regions have one dominating industry likely because of a geographic factor. But more often than not, it is because of the combined geopolitical factors that make the industry of an area what it is today.

Growth across a wide range of sectors

The economic growth can be seen largely through the growth of employment rates and employment growth. In an economically diverse area, this is further re-defined as growth across a wide range of sectors. In a way, this is somewhat interlinked to the population growth as well. The population growth is generally linked to the growth of the market itself. With more jobs and industries available, the more people will come to the city, which contributes to both employment rates and population growth. This plays a vital role in the returns of the real estate investment.

Effects of economic diversity in property prices

It’s no secret that the places with the highest economic diversity yields the highest in terms of prices among other areas. It’s one of the most important factors that contributed to the thriving of the capital cities of many countries. Based on the report presented in Emerging Real Estate Trends 2019, it’s been said that Dallas Fort Worth is considered as one of the top markets in the United States. This is determined through a few prospects related to real estate such as the millennial and generation Z workforces. It’s also worth noting that there had been a rather big activities in startups. These data are acquired from a range of industries and not simply locked to one dominating industry.

Important Factors Before Buying Bali Real Estate For Sale Cheap

If you see something that is sold cheaply, what do you think of? The item is damaged? Or are there other reasons? If Bali real estate for sale is cheap, what do you think? Is it safe to buy something that is cheap? Buying property is not easy and playful. The budget for buying real estate is not a small amount. This is the reason why buying a property must be thorough and careful.

Bali real estate for sale cheap

If there are Bali real estate for cheap sale with special conditions, the demand will be very high. Maybe in seconds, you will no longer see the “for sale” sign. What allows Bali real estate for sale cheap? What important factors should you examine before buying cheap property?

There are many things that you see a lot of “for sale” signs. Given that Bali is the destination of many people around the world, both for work and tourism, it allows many foreigners to vacation or settles down. When the conditions of foreigners settled in Bali, what was needed was a stay. What if they no longer have permission to stay in Bali? When they no longer have a residence permit, the property they have must be sold to another party. This is one of the conditions why many Bali real estate for sale cheap.

Or they offer Bali real estate for sale cheap to other foreigners working in Bali. This makes it easy for them to sell without having to wait for enthusiasts for a long time. Before buying Bali real estate for cheap sale, there are many factors that you need to pay attention to.

Condition Of Bali Real Estate For Sale Cheap

You cannot expect a real estate that has been occupied to have perfect conditions. Whether it is in the form of a villa or luxury real estate. All things that are said to be second goods must have flaws and something that needs to be corrected. Whether repairs to walls, repainting, plumbing checks, swimming pools, courtyards or other possible small things have resulted in a decrease in the value of real estate. If needed, you can hire experts so that real estate is back in good condition.

A good condition of Bali real estate, allows you to generate additional income. You can get Bali real estate for cheap sale then repair and rent it for tourists who need a place to live. This will be your financial addition every month. You don’t need to worry about mortgage payments.

Location Of Bali Real Estate For Sale Cheap

Location is important for the value of a real estate. But in Bali, all real estate locations have high selling points. Some strategic locations such as Seminyak, Kuta, Canggu, and surrounding areas have very high real estate value. If you think about buying it at a strategic location, you may have to think more. What is the monthly mortgage fee? Can additional rental income cover the mortgage costs? No matter where Bali real estate for sale cheap you buy, the value of your investment will always increase every year.

Reducing Carbon Footprints in the Property Business

What’s carbon footprints?

Before we go to the details of carbon footprints’ relations to the real estate industry, let’s take a look at what is exactly “carbon footprint”. The term generally refers to the emission produced by anyone; whether it’s a company, an individual, or products, or its productions process that translates to equivalent of carbon dioxide. Companies have been known the biggest culprits producing carbon footprints in great amounts in a relatively short period of time. The concept of carbon footprints become important across any industries because of its harmful effects to the earth as well as its inhabitants.

Not surprisingly, the property business is known as one of those industries that contributed a significant amount of carbon footprints on earth. It’s more than just important for real estate dealers and investors to care about the impact of carbon footprints. It’s an integral part of keeping the business sustainable and not harm the environment further.

Embodied energy in a building

You’ve probably heard the term tossed around whenever you’re reading up stuff about environmentally friendly properties. Embodied energy means the total of energy needed in order for a building to stand. This includes the whole process from its extraction, construction, and delivery. It’s been said that built environment contributed to at least half of the carbon emissions in the world. Taking care of the embodied energy is extremely important as it is the indication of how much carbon equivalent went through the process of getting a building to complete. The higher the number of embodied energy, the higher the impact to the environment.

Locally-sourced materials

One of the biggest culprits in contributing to carbon footprint in the property and real estate business is the fact that the materials are transported from halfway across the world. This should be able to be remedied through ordering materials that come from the local sources. The carbon emissions from produced by the materials that needed to be transported through flights and other long-distance journey is significant. Ideally, there should be little energy in order to transport a material to its designated place. It may not seem like such a significant move, but the transportation process contributed to a great deal of carbon emission in the production of buildings.

Why is it important to care about carbon footprint?

It’s important to ask yourself why is it important for you. As people have their very own reasons for believing in reducing carbon footprint in the property business.  Those reasons can very well include an indirect one such as the bottom line. Are you interested in the eco-friendly business and the cause of reducing carbon footprint because you’ll be able to reach a certain target market? Are you genuinely concerned with the environment? It’s important to ask yourself all of these questions It’s also essential to remember that caring for the environment and wanting profit can co-exist. Sometimes you may want to have a choice to sacrifice on or the other. But once you’re sure where you stand, you may be able to make a better, informed decision.

Important Tips Scuba Diving Bali

Tradition and culture in Bali is not only the attraction offered to tourists. Amazing nature, amazing scenery, and underwater scenery can bring many tourists to visit Bali. Bali has been included in the descent of the world’s best travel. Visiting Bali, you can see for yourself the authenticity and friendliness of the locals.

Scuba Diving Bali

Scuba diving Bali has indeed been recognized by world divers. Lots of underwater wealth is still abundant and a secret that needs to be explored. Bali’s infrastructure supports the world of tourism and the ease of reaching Bali’s scuba diving spots. The biggest feature of Bali diving spots is that they are rich in rare species, steep cliffs, and coral ridges. Bali’s marine life is quite diverse.

Bali is a diving destination that should not be missed, no matter you are a beginner or a professional. You can find the best scuba diving in Bali that is safe so that divers are protected. Underwater Bali is the best home and eating place for species such as sunfish and manta rays.

Preserving Underwater Scuba Diving Bali

If you love the sea, you must take care of it. These are tips that you should know before doing Bali scuba diving. There are many activities to preserve underwater. There are even many local and foreign companies that participate in conducting beach cleaning from garbage. This is your initial base to explore the underwater Bali or anywhere. When you love and are able to preserve underwater, then scuba diving Bali will be more fun.

A Trustable Dive Center

Don’t be tempted by cheap dive promotions. There are times when people think of taking a cheap dive package. After enjoying diving, then proceed to the best dive center. This is wrong! Everything must be done and begins with the best. If you want scuba diving Bali to be successful, look for a trusted and best dive center. Diving is expensive. When deciding to become a beginner diver, the risk you have to face, including the cost of scuba diving Bali.

Ask What You Need to Know

These are important tips for all divers, both beginners, and professionals. The fact is that even professional divers need lots of diving sessions to practice their diving skills. All need instructors to assist and train divers. Taking the package is for beginners or professionals, ask what you don’t understand.  Scuba diving Bali training is your chance to learn all the things related to your diving later.

Identifying Seller’s Market in the Real Estate Industry

The term “seller’s market” is thrown around often. What does it mean when industry insiders say it’s a “seller’s market?” What is “hot market” and what it means for you? Whether you’re a buyer or a seller, knowing whether the current market is a seller market or a a buyer’s market is extremely important in making decisions.

Identifying Seller’s Market in the Real Estate Industry

Demands and Supply Law

The economic law of demand and supply is the main important indicator of whether the current market temperature is “hot” or “cold”. When demand is higher compared to the existing inventory, then it’s safe to say that it’s currently a seller’s market.

Inventory is Low

When the number of inventory or supply is lower compared to the previous months or years, it may translate to higher demands. The low inventory may also be a result of a higher number of closed deals compared to the previous months or years. Competition is going to be more tough for homebuyers to compete during the time supply is low.

Median Sale Prices Fluctuations

When the median sale prices increase, it means that the hot market has been going on for a while now. It would normally be an ideal time for property owners to sell their homes. Median sale prices rise can be compared to the previous 3 – 6 months of property sales. A rise that would be considered significant depends on an assortment of factors such as locations. A decline in price is much the same.

Days on Market Indicator

When the indicator of Days on Market (DOM). Make sure to take notice of the DOM in the Multiple Listing Services (MLS) you’re visiting. However, it is known that the DOM of a property listing can be misleading at times. There are property owners who do the practice of re-listing their properties. Home owners know that the DOM matters to buyers, and therefore, sometimes they take down a listing, and re-list it again in order to resent their Days on Market. This practice is quite common and you’d probably need a neighborhood specialist in order to find out the actual DOM of a listing.

Selling a house “as-is”

Because the competition between buyers is high, often, a high number of inventory is sold. The frequency as well as the duration in which a house is sold affect the condition of the house during the time of selling as well. A lot of homeowners don’t have to make much improvements, if any, during the time the market condition is hot.

Properties are sold higher than the asking price

When there are multiple occurrences that homes are sold with premium, or a deal is closed in a higher price compared to the asking or listing price, it can be assumed that it’s a seller’s market. The higher price is also often a result of the competition between buyers. However, this is not a given. Higher yield than asking prices require work. Home staging is one of the effective practice in making a property so much more appealing and is also known to increase the appeal of your property.

 

How to Have A Smooth Komodo Liveaboard Budget Trip

Komodo liveaboard budget might be the best options for having a thrilling Komodo adventure without breaking your bank. It’s convenient in the pocket and loaded with insightful liveaboard experience. Diving, island hopping, and dragon hunting all in affordable package!

Though it saves a lot of budget, however, the lower priced liveaboard often times comes with different price. Cheaper tags with decent boat means you need to share the vessel with a bunch of worldwide travelers. Sure, it’s a chance to build new and strong friendship among like-minded people. On the other side, however, you need to deal with common courtesy and attitudes to keep a peaceful atmosphere on the boat. Rest assured, however, you will have a smooth trip if you do these things—even though it’s on budget liveaboard.

How to Have A Smooth Komodo Liveaboard Budget Trip

Be An On Time Person

If you want a tailored itinerary made with your interest in mind, consider booking a Komodo boat charter. Otherwise, you need to follow the schedule. Know itinerary of the day and always show up on time when it’s time for the dive/ hike time. If you don’t feel like doing the activity, show up anyways or pass the message to your fellow friend. Don’t waste the guide time to look for you. Do comeback on time as well. The whole schedule of the day can be ruined just because someone wants to take another hundred of beach selfies.

Do tell the crews your food allergies

In a Komodo liveaboard budget, meals are served on buffet for everyone. Don’t expect the crews to magically know your shrimp allergy when the ship is already sail. Do come beforehand and specifically list your food allergies, so they can prepare the substitutes to feed you.

Have something to share

The budget version of Komodo liveaboard usually features shared cabins with bunkbeds. This is very convenient for solo travelers who only need small space for themselves. If you are familiar with bunkbed hostels, this should be easy for you. Having some interesting stories to tell will come in handy to want the bonds with your fellow travelers. Just remember where to stop and not be a boat bore.

Pack a good attitude

Sharing a Komodo boat with dozens of newfound  travel companions is nothing like joining a packed restaurant. You cannot leave the crowd after one or two drink if the vibes doesn’t click. You are bound to sail to the end of the trip together, so packing a good attitude can go a long way. Keep your voice low when the night falls—other people are trying to rest. Try to maintain positivity and be nice around others. What goes around comes around. 

Don’t try to outsmart the guides

You have read everything about the Komodo and swallowed everything about dive and hike sites around. It doesn’t mean, however, that you have the permission to outsmart the guides. Respecting the guides’ decision is important to maintain group’s safety, especially when it comes to dives. Most guides on Komodo liveaboard is a dive masters and even instructors, and they know Komodo’s waters better than anyone else. The crews are more than familiar with Komodo region—it’s their home. If they need to cancel a particular activity or take a longer route, they have a reason behind it.   

Excuse yourself when you’re tired

Just because you are on Komodo liveaboard budget with other backpack travelers doesn’t mean you need to do everything with them. Sure, they can be the best cheerleader and give the best encouragement if they want, and God it makes you feel better to do thrilling things. However, don’t feel bad if you don’t feel like joining a night dive or late drinking in the lounge. Liveaboard trips should be fun, and you shouldn’t feel forced to do anything you don’t want to. It’s your holiday after all, so take the moment to rest and relax!

Secret Recipe of Successful Real Estate Business

Real estate business has gained attention and is considered as one of the most promising investments. However, this is also a challenging industry. It may be easy to start investing in real estate. However, building and maintaining consistent business is at another level. It is not something impossible to achieve. However, you need to work a little bit harder than the average people if you want to be exceptionally successful in this business. it is true that every investor may have a different way to reach their success. However, there is always principle and fundamental that will always be the secret and absolute recipe to achieve success.

Secret Recipe of Successful Real Estate Business

Find out more about secret recipe for a successful business

It is easy for new investors to step back from the business once they plan don’t go their way. However, it is the bad mentality to start with. Instead of scowling and wallowing over a little rough start, it is more productive to find out the secret recipe of successful real estate business. Well, these are not actually secret. However, you will understand more about the basic things you need to build a successful business in the real estate industry. Here are they:

  • Knowledge is the first ingredient you need to have in order to build real estate business and start investing. Keep in mind that real estate business is constantly changing from time to time. There is no power you could have to stop the changes. Instead, you need to learn how to handle it and adapt with it. The key to do it is knowledge. You can gain knowledge about real estate business in many ways. Education is important as basic fundamental in building a business. the more things you need, the wider the chances you have to make your business more consistent. Education is the start you need. When you are well-educated in this business, you are armed with the best weapon.
  • Next ingredient for the recipe of successful real estate business is action. There are lots of people who are knowledgeable and well-educated in this industry. However, it won’t matter if they don’t take the right action. That is why education is not enough. You need to arm yourself with another weapon which is action. It doesn’t have to be a grandiose act. You can just start by joining a local networking group, seminar, etc. Taking action also includes planning, preparing, and strategizing. Taking action doesn’t always guarantee a positive result but you can consider it as learning by doing.
  • The last but not least ingredient is the system. It is important to make your own system in building real estate business. When you find the right system for your business, everything will fall into the right place effortlessly since system means automatic actions. When you build the system, it also means you have to do repetitive actions. For example, repeatedly sending mail campaign to get potential calls which can bring you to potential leads. This repetitive action leads you to more contacts and makes you closer to closing the deals.

Handling Growing Real Estate Business Properly

Starting your investing in real estate business might be easier than handling when it starts growing. Handling and managing growing real estate business mean you are not supposed to stay where you are. You need to keep making progress so that your business will keep growing and steady. It is true that any investor looking for success in this business will need to spend everything including time and money. Networking and marketing strategy plays a great role in achieving goals in this business. However, it will become more challenging once you have reached your success. You need to be able to handle everything to make sure everything stay in the right place.

Handling Growing Real Estate Business Properly

Efficiently handle growing real estate business

When it comes to handling growing business, you need to keep looking forward. It is not that you have to know what comes next but at least you have to find out and be prepared of what comes next. Handling growing business is not for everyone. Most successful investors in real estate business have suggested these tips to try:

  • Time is what you need to sacrifice once you deal with real estate business. It doesn’t mean you will lose all of your time. It is indeed a valuable commodity in this industry. However, the best thing to do is not only to spend your time but how to make it more productive. It is highly suggested to make everything organized. Thus, it will be easier to do every task in order. With the more specific schedule, it will be easier to reach daily, weekly, or monthly goals. Being organized will also give you more time for yourself so that you will stay busy but not overworking.
  • Next thing to do is don’t stop growing. It is important to remember that not every lead will end in closing deals. Therefore, it is a must to stay motivated and keep looking forward even though the path ahead seems so clear. Marketing and networking are important and shouldn’t be cut no matter how busy you are. It is essential to keep building the network and marketing strategy so that new leads will keep coming in before some of them lead you to potential deals.
  • The experts say that reviewing your own portfolio is as important as building new contacts to your networking list. The point is not only reviewing but also doing it regularly. It is up to the business owner and investor to set the schedule to review. It can be once in a month, in a week, or twice a month. This way, investors will be able to see if there is any possibility to make things run smoothly or efficiently.
  • Staying busy is great but overworking is not at all. Working in the team will make works run efficiently. Thus, it is important to delegate your tasks. You can lean on others to do the tasks efficiently. For example, if you are currently rehabbing, you need to rely on your contractor more and let them do the work.

Tips to Reduce Housing Costs Effectively

Housing cost is one of the main concerns of homebuyers and homeowners. If you invest in single-house family, for example, you will need to manage all housing cost before selling it out to homebuyers. With less housing cost, you will at least feel sort of financial freedom at some point. Besides, most families now are more interested in buying than renting. Thus, if you can do some tricks here and there for the housing costs, there will be more potentials tenants to buy your property. Besides, it will be beneficial for you as an investor to reduce housing cost so that you won’t be trapped in financial problems.

Tips to Reduce Housing Costs Effectively

Reducing housing costs with smart tricks

People are getting anxious when it comes to paying bills for the house such as electricity bill, taxes, mortgage insurance, and many other things. Some people prefer renting a house so they don’t need to deal with paying taxes. However, most people prefer buying a house so that they are free from paying loans. It is indeed a matter of preferences. However, there are always ways to reduce housing costs effectively such as:

  • You can cut out mortgage insurance to reduce housing cost. Some people might think that it is not ideal deal having loans without mortgage insurance. However, it is better that way if your goal is to reduce the housing cost. Instead of wasting money, you can invest them to pay down home loan balances for each month. This might be not ideal choice but it is more efficient this way. It is also important to manage your finance. No matter how cliché it is, it works that way. Without proper financial management, you will find it hard to handle all the bills. In the end, you might end up paying for the excessive expense.
  • The next and most used way to reduce housing cost is to apply energy efficient and sustainable home improvements. Remember that a house consists of various utilities as well as other house bills to pay. Homeowner, investors, and homebuyers can make energy efficient upgrades to some parts of utilities. Electric and water services are the highest expense homeowners should pay each month. Thus, the upgrades can start from that part. There are various alternatives to reduce electricity and water bills. You can turn to solar or rainwater harvesting to generate power and clean water. You can also try to make a sustainable garden.
  • Select home insurance thoroughly. Some people think that home insurance is not that urgent. However, some people will feel some reassurance by purchasing home insurance. If you consider buying insurance, it is highly suggested to choose it carefully. Make sure to choose the best policies based on what you need not what you want. You can also shop around to get the best insurance rates. There are some points to show how important insurance is such as for security system. Make sure to get the best deals so that you pay for the things you can take the most advantage of.

Benefits of Attending Real Estate Conferences for Your Business

Growing your real estate investing business needs lot of hard work as well as determination. It is not easy for new challenger. However, it will become a systemic flow you automatically follow easily. There are also due diligence you need to mind if you attempt to build your business. One of them is attending real estate conference. Well, this is not obligation but surely will earn you benefits if you can spare your time attending at least one of those. There are various real estate conferences you can attend in order to build your business and earn positive progress.

Benefits of Attending Real Estate Conferences for Your Business

Benefits you can earn from attending real estate conferences

There are two main benefits you can earn if you attend real estate business conference. First, you have more opportunities to build your network. Second, you will earn the latest industry information such as the latest trend and technologies, which can be a great asset for your business. Aside from the benefits you can get by attending real estate conference, there are also many things you can learn, such as:

–        Attending conference, you will learn more about something that suit your interest in the business. There are long list of session within the span of conference where different topics are being shared and discussed. Started from economic trends to smart home technologies, you will learn more informative knowledge through presentations, networking activities, as well as product demonstrations.

–        You can also attend a conference when the focus is an investor. As real estate investor, you will learn many things from this type of conference. You will be guided to understand more about specific area in real estate business. The sessions varied from entry-level strategies to advanced techniques for seasoned investors. You can choose which track to join during te conference.

–        There is also conference where the main focus is on rental property investing. This consists of educational and informative sessions. There will be workshops organized by profession in small group. You can join the group of the workshop based on your specific interest in industry business such as fix and flip, buy-and-hold, etc.

–        There is real estate conference where the main focus is on networking with more innovative and forward thinking. In this conference, you will learn a lot about networking opportunities as well as educational content. There are many networking strategies and tools being discussed as topic such as social media strategy, investing technology, etc. This kind of conference will encourage you to think and plan business strategies creatively and out of the box.

–        There is also real estate conference where all attendees are female investors and entrepreneurs. It focuses more on female empowerment within the industry and how they create personal development within safe space. It includes how female entrepreneurs advance their careers and tackle any challenges while breaking down any stereotype of being female challenger in the industry. Top female executives are often the speakers in this kind of conference. It also offer educational and mentorship program for those in need.