Category Archives: Business & Property

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.

Learn more about House Hacking in Property Business

Real estate business keeps growing each year. It attracts lots of people to start investing and trying out various strategies to make it through. Basically, there is always new real estate investing strategy emerges from time to time. It usually follows the trend and the changes.

For now, you might be interested to get to know more about house hacking. It is one of real estate investing strategies that fits for new investors. Lots of people feel discouraged to start investing in real estate due to many reasons.

One of the reasons is that they haven’t even purchased their own home yet. Is it really a big problem to start investing in real estate?

Find out more about house hacking

Find out more about house hacking in property business

House hacking is basically real estate investing strategy in which the investor earns rental income by renting out their primary residence? Is that possible though?

Well, many newcomers in real estate business have started this investing strategy and showed that it worked.

There are different types of house hacking. First is when the investor lives in one of the units of their multifamily property then they rent out the others. Second, they live in a single-family home and rent it out at the same time.

This option is mostly chosen for investors who don’t live in multifamily home or don’t want to purchase one. For investors who live in single-family home, they rent out one of the bedrooms, garage, etc.

According to real estate business experts, this investing strategy fits for those who are interested in earning passive income but still doesn’t really know or have the courage to start with the business. This is also a great way to reduce house expenses. This can be a good start for those who want to try investing in real estate career by baby steps.

Benefits of house hacking

Here are some benefits you can earn from house hacking:

  • As mentioned above that house hacking will help homeowner to reduce housing cost. That is basically the main benefit to earn. Of course, multifamily property has higher housing cost. However, renting out some units will significantly eliminate and reduce the expense to some point.
  • Next benefits is that house hacking is a very smooth way for you to start with real estate investing career. The transition is smooth since you won’t be overwhelmed with all difficult technical things. You will learn little by little how to be a good landlord and learn more about the business. Next, you will gain needed skills to step up the game.
  • House hacking is flexible investing strategy. Even if you are moving out to a new city, you can just simply rent out your property and still earn your income. There is no need to worry about your house.
  • House hacking helps you to earn extra cash from passive income. Thus, you will be able to pay down your mortgage quickly. In fact, you can even save up for your next investment in the future.

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.

Property Business Insiders Need to Invest in Environment and Sustainability

Whether you consider yourself a newbie in the property business or a seasoned veteran, the matter of sustainability should not be of compromise. If there is a one thing that everyone in the property business can agree on, it should be the issue of environment.

Environment and sustainability property investment

The largest impact can be made by the people who have the power. And “power” here translates to capital. To put it more plainly, money. Why should you (and everyone else) care about the environment in the real estate industry?

The issue of environment and sustainability is everyone’s concern

Environment should not be an individual’s issue. It is the collective responsibility of all of us who occupy the earth. The property business insiders have a particularly important role in improving the environment. One of the major issues of improvement that can be made is the issue of minimizing carbon footprints.

There are numerous issues that needed to be addressed and continuously improve upon.

Some of them include fuel and energy related activities, purchased goods and services regarding any construction activities, management of waste, the carbon footprint resulted in travel, as well as downstream leased assets.

It’s been identified that the majority of the real estate industry is made up by energy consumption throughout the life of a property, the process of construction itself, as well as the process of maintenance.

Minimizing carbon footprints caused by the real estate industry

Corporate footprints across all industries is undoubtedly the biggest culprit in environment issue. The real estate industry is responsible for much of the carbon footprints caused by constructions as well as the gathering of construction materials.

It’s been said that that the real estate sector had shown a good initiative to reduce the carbon footprint on the environment. This comes with a sense of responsibility, as the knowledge and capital in this sector made up for a great amount potential in both improvement and destruction.

There are organizations such as European Energy Efficiency Directive who are dedicated to this cause.

Ideal investment in sustainable properties

Investing in environmental issues won’t ‘merely’ benefit the mother earth and all of her inhabitants. A study has found that environmentally friendly properties yield higher returns and attract a more stable market.

The target audience that are able to focus on the environmental issues in the purchase of properties are likely to be more invested beyond financial issues.

It’s also a known fact that the eco-friendly investment is highly attractive to millennials.

The next generation of homeowners who are slowly but surely dominating the real estate market buyers, are known to care so much more about the issue of sustainability compared to the previous generations. From the plastics issues to a more personal issues such of being a vegan, the millennials are prime examples of the embodiment of emissary to environmental issues.

Property certifications

Since there had been a rampant practice of “greenwashing” in the real estate industry, one of the methods in distinguishing an actual environmentally-friendly house is through certification.

More and more people who are looking for sustainable green properties are looking for certifications instead of just an empty label of “green” properties that any sellers and agents can slap on.

Real Estate Marketing Ideas to Better Get the Word Out

Marketing is probably what constitutes a real estate agent and the everyday home sellers’ time. It can be a tiring or even a mundane process.

This is particularly true if you did not experiment with new ways in marketing your properties. While always implementing the tested and proven is every marketer’s mantra, experimenting is what led to breakthroughs. There is no magical surefire method to attract homebuyers. But you can definitely learn from the everyday technology that is well within your reach and accessible to your potential homebuyers.

Make use of your social media platforms

You’ve probably thought of this before but did not know where to start. After all, even though social media is often a part of everyone’s everyday lives, not many had fully grasped its potential in generating leads or even transforming views to sales.

Real estate marketing idea using social media platforms

Social media platforms are powerful tools in marketing. Make use of groups, pages, and even facebook or twitter ads to promote your properties and reach an even wider array of demographics. Take the time to invest in learning marketing in social media. It’ll be worth your while and the skill can be implemented in any of your future property sales.

Consider Search Engine Ads

If you don’t have an idea on where to start, get an agency to help you out with your real estate business. A more affordable means would be to hire a freelancer to do the ads for you.

The best way is to hire one that you’re confident and comfortable in working with.

Remember that you need to communicate clearly of your expectations. Make sure to listen and heed what the agency explained to you. A more sustainable and long-term marketing in this area would be search engine optimisation. But only do this when you already have an established website or blog of your very own.

User-oriented blogging

Today’s marketing world cannot be separated from content. The real estate industry is no exception. Take one of the most popular real estate business sites, Zillow. Aside from being a listing for houses, the site also posted relevant articles for both homebuyers and home sellers.

Provide useful content for your potential audience and your market. Marketing today is all about engaging content.

Virtual open house is a killer marketing move

While an open-house is usually done for the potential buyers who are in the area, taking it a step further by making it accessible to more people is a brilliant step. Make use of the 360 degree camera technology.

You’re figuratively “bringing” your house to a much larger audience, and you may even reach ones that you’ve never expected before.

Understand your future market potential

You biggest market in the future would be the next generation of future homeowners; the millennials. It’s important to understand what your market wants. Continuous learning can only improve your chances.

Learn about what the millennials care about and match them with how it can benefit your sales. The millennials are all-out authenticity; so make sure to do this bit genuinely. Investing in environmentally friendly houses is one of the major causes that the millennials care about.

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.

What Makes You a Great Investor in Property Business?

Being an investor sounds easy. All you need to do is finding a promising asset then invest your money in it. However, being a great investor is another story, especially in property business. It is challenging to become a great investor in property industry especially there are competitors everywhere. Success in closing big deals and make large profit might make you a successful investor. However, you need to go through many challenges before reaching that place. It is important to be positively different from other investors in this business. To be successful investor you don’t quite need money or contacts. Everything can start from yourself and not from what you have.

What Makes You a Great Investor in Property Business?

Things to remember if you want to become a great investor

There are many factors which can make an investor titled as great or successful and not only in mediocre level. Here are things you need to have in order to earn the title:

–        Reputation is important factor which can make you a great investor. However, it is not random reputation. You need to build positive reputation in your investing community such as fellow real estate investors and agents. What you earn doesn’t define you. In fact, what you do defines what you are. Remember that bad reputation spread quickly and is impactful in business industry. When you have bad reputation, it won’t be easy for you to find partner or gain trust from customers.

–        Patience and persistence are needed if you want to run property business successfully. Closing a great deal doesn’t happen overnight. Sometimes, leads don’t always end up in profitable deal to close. Hence, you need to work harder to earn another leads. This sounds simple but in reality not all people can do it patiently. Lots of investors lose their patience and give up early just because they fail to close the deal in the first attempt. Patience and persistence is valuable asset you need beside money. Thus, make sure you are patient and persistent in dealing your investment.

–        Networking is important asset in real estate business. It will be harder to build your business without solid networking. Network won’t earn you a promising deal overnight. When you can build solid networking, the connection will help you in a long term.

–        Knowledge in marketing is important to earn. There are many things to learn about your local market. By having this type of knowledge, it will be easier for you to make the right decision over your investment. When you can act quickly and precisely, there are more properties you can close. Make sure you are willing to learn everything about local market every day.

–        Exit strategies are something a great investor should have. It is easy to think that your investment will work your way and go smoothly. In fact, there are possibilities that your purchase of property won’t give you any profit at all. If you have your exit strategies, you will be able to take quick decision for the next move to avoid any loss.