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Property Investment Vs Property Speculation

Property Investment Vs Property Speculation

Most people get Real Estate wrong for two simple reasons.:

1. They don’t understand the difference between an asset and a liability
2. They don’t understand the difference between investing and speculating

The broke majority live under the misguided belief that their family home is an asset. An asset by definition is Something valuable that an entity owns, benefits from or has use of, in generating income. The key is the words generating income. By that definition your home is not an asset, it is a liability. It does not generate income, it costs you money.

The broke majority will borrow as much as they possibly can, to buy the most expensive home they can afford, in the mistaken belief that this is a good investment. In fact they are are burdening themselves with the worst kind of debt. Long term, expensive, non-deductible debt that produces no income in return. The same kind of debt that lead to the housing collapse in the USA.

Successful investors understand this crucial point. Your home is not an investment.

The Business Dictionary defines an investment as Money committed or property acquired for future income. Now some will argue that an investment doesn’t have to produce an income and cite as an example gold bullion, collectibles or share futures contracts. By definition, none of these are investments, they are items of speculation. They can go up in value or, just as easily, go down. You are speculating on the future trade-able value, not investing in the inherent value of the income an asset represents. Tens of thousands of homeowners around the world discovered in 2009 that home values can fall and can fall dramatically and disastrously.

If you buy a house to live in with no income return expected from it, but in the hope it will increase in value, you are speculating not Investing.

If you buy a house to rent out, you are investing. The Australian government has long recognised the difference and that is why they allow you to claim the expenses relating to a rental property, including interest payments, as a tax deduction but do not allow any deductions for expenses incurred in buying a house to live in. In other words, the government is willing to share the risk of investing in income generating real estate because the risks are lower than tying up your money in your home.

Smart investors have a small or no mortgage on their own home and the majority of their borrowings are for rental property because that is the lowest risk strategy. They also get the best advice they can on quickly reducing the mortgage on their home.

Loan Modification Relieves Mortgage Payments

Loan Modification Relieves Mortgage Payments

A homeowner who is unable to keep up on their monthly mortgage payments can apply for a refinance, but if they are behind on their payments they may be turned down. Loans that carry a low interest rate are appealing to every homeowner, but not everyone who is buying a house can qualify for refinancing. The banks take into consideration the amount of equity in a home as well as calculating the mortgage insurance that is required on a conventional FHA loan. Although interest rates are low there a lot of owners who do not qualify for the refinancing options that can make paying their mortgage easier each month. An option that is open to many homeowners however is a modification to the existing loan. Through a lawyer a Las Vegas loan modification provides an alternative to refinancing that makes it easier to manage the mortgage payments.

An Alternative to Refinancing

A modification that is negotiated through a lawyer allows a homeowner to reduce their interest rate or extend the term of their mortgage contract. The result is a lower monthly house payment that makes it easier to manage all of the household expenses. Owners who have been in the same house for some time, but who have lost their equity due to the housing market collapse may be able to modify their loan by extending the term of the loan back out to 30 years. The balance that remains on the original loan is spread out over a longer term which allows the bank to lower the monthly payment. Interest rates that have dropped substantially over the past five years also allow an owner to adjust their current rate and see the savings that comes from paying less interest on their current loan. Because the banks are only willing to work with attorneys the only way to find debt relief is to contact a lawyer who can negotiate with the bank. Throughout Las Vegas, loan modification lawyers are helping people to manage their money by restructuring their mortgage without refinancing.

At The Schwartz Law Firm, our Las Vegas bankruptcy attorneys handle most types of bankruptcy filings on behalf of clients who are facing excessive debt, foreclosure, garnishment of wages or the failure of a small business. For Las Vegas, loan modification, contact us today! ()

Denied Mortgage Modification

Denied Mortgage Modification

I frequently hear clients say they were told to not pay their mortgage for 3 months so they can apply for a mortgage modification. Then, after submitting all of the paperwork, the modification is denied. Or, they’re just put into a trial period, the whole while believing that their mortgage is modified. Then they really are surprised to be served by the Sheriff with foreclosure documents. They really are rightfully scared, confused and hopeless. They wouldn’t have asked to get a modification if they could afford their mortgage in the first place and now the bank is telling them to pay a minimum of those three months that was not paid so they can apply for a modification or be faced with the prospect of losing their home.

Sometimes, rather then endlessly arguing with the bank, homeowners benefit from meeting with a lawyer knowledgeable about the mortgage modification process or an experienced bankrutpcy lawyer. Many people asked for help with a mortgage modification from their bank hoping to avoid filing for bankruptcy. Some people think that when they file for bankruptcy, they will be forced to sell or lose their home. This is usually not the case. Filing for bankruptcy can sometimes be the only real choice to save your home. In order to learn if bankruptcy may help you, you may want to consult with a local bankruptcy lawyer. If you’re considering filing for bankruptcy in order to protect your home, please don’t wait until the sale date is scheduled. The bank might have dragged their feet with respect to your modification, but time is essential and the earlier you speak with a bankruptcy lawyer, the more options could possibly be available to save your home.

A chapter 13 bankruptcy is the primary chapter of bankruptcy used to stop a mortgage foreclosure. There are very few requirements to qualify to file for a chapter 13 bankruptcy. A chapter 13 bankruptcy will allow you to pay off your past due mortgage amounts over a time period as opposed to right away, like the bank wants.

Only a licensed attorney can provide a homeowner legal advise regarding their situation. There are many ways to locate a qualified lawyer. For example The National Association of Consumer Bankruptcy Attorneys is often a helpful resource in helping distressed homeowners find a qualified lawyer who’s experienced in both mortgage modification issues and the advantages of filing for bankrutpcy protection as it relates to stopping foreclosure proceedings.

Jane L. Weatherly, Attorney at Law, PLLC is a bankruptcy law firm located in Raleigh, Wake County, North Carolina, The firm is a debt relief agency and assists consumers file for protection under the United States Bankruptcy Code. For more information, please call (919)758-9296 or visit .

The 12 UK Land Investment Guidelines

The 12 UK Land Investment Guidelines

Following these guidelines will help you proceed wisely with investing in UK land:

1) Is the investment land in a region with high demand for housing?

The property should be in area that is viable and not at risk of future decline. Review statistics and trends about violent crime, school performance, industry loss or retention, and poverty, as these factors are crucial to determining housing demand. Find out what the city’s position is on funding for, and commitment to improving any of the aforementioned housing demand indicators.

2) Has a full sustainability study been carried out on the land investment site?

The land investment site must be evaluated to see what impact land development would have on the environment and natural resources. Any disturbance or potential harm to archeological sites, protected species, or conservation areas should be noted. Inspect the land’s topography for any sloping or flooding potential. Assess the effect that your potential investment might have on the present character of the land and buildings. Consider if a new development would “fit in” with the existing developments’ character?

3) Does the land investment site have road access? Is there an existing transport infrastructure?

Inquire about any plans for modification of roads that may affect the property in question. If there are such plans, are they already funded and scheduled or are they still in the planning stages? Research factors that affect the importance of access, such as the number of people who commute to work as opposed to working locally.

4) Does the area where the investment land lies have sufficient amenities to support residents of a new development?

Evaluate the quality and enrollment capacity of local schools availability of recreational facilities. Consider not only the quantity and variety of shops, but ask about longevity versus or high turnover of those businesses. Look into the ease of accessing both inpatient and outpatient medical care. Ask about immediate or future plans for addition or removal of any of the above amenities.

5) Does the company with whom you are investing have a successful record of accomplishment with UK Land Investments?

Ask for referrals from current and previous clients and actually contact them. Search public records, industry journals, and periodicals to be apprised of the company’s reputation, stability, and expertise with investing in UK Land.

6) Does the company contractually retain a holding in the land investment site?

Investigating matters such as this may seem to be obvious and unnecessary but will save you time and money in the long- run

7) Does the company contractually commit funds to the planning application for the land investment site?

Be sure that commitment of funds to the planning application for your potential investment in UK land is specified in the contract.

The Considerable Benefits of a US-Based Virtual Assistant Company

The Considerable Benefits of a US-Based Virtual Assistant Company

Once you have tried having a virtual assistant or working with a virtual assistant company, you will wonder where that idea has been all of your life! A virtual assistant allows you to accomplish more in a given day and also serves to enable you to focus on your company. By being able to focus on the core parts of your business, you will quickly see your business and your bottom-line grow.

When you begin considering a virtual assistant or virtual assistant company, you will no doubt soon realize that there are many overseas options. While many of these virtual assistant company options are fine, working with a US-based virtual assistant company has, in general, far more to offer you. Lets take a moment to consider the ample benefits of working with an US-based virtual assistant.

Opting for an US-based virtual assistant company means that you will have no language barrier. You can likely find a virtual assistant outside of the United States, but as the old saying goes, you do usually get what you pay for. This is definitely the case with virtual assistants.

Working with a US-based virtual assistant means that you wont lose time due to language barriers and the considerable confusion that can come with them. Unless you have experienced the problems that can come along with language barrier issues firsthand, it is difficult to appreciate just how much time and thus money can be lost. This problem simply doesnt exist with a US-based virtual assistant company.

In addition to the language problem, most Americans who opt for a virtual assistant outside of the US find that they have to engage in a good deal of hand holding. If you are the kind of person that finds this annoying and irritating, then an overseas-based virtual assistant is definitely not for you! Additionally, having to engage in constant handholding undermines the purpose of having a virtual assistant in the first place.

In the end, all the micromanaging, handholding and language barrier issues will likely leave you feeling as though you are potentially spending more time than you are saving with an overseas virtual assistant. The fact is that these problems simple dont exist when you opt for an US-based virtual assistant. While you may initially feel that you are saving money with an overseas virtual assistant, at the end of the day, you very well may feel differently. Odds are that with the time you are forced to invest, you could have just opted for a US-based virtual assistant company and saved yourself a good deal of hassle as well!

Five Power Principles Successful Entrepreneurs Know And Use To Create Immense Wealth.

Five Power Principles Successful Entrepreneurs Know And Use To Create Immense Wealth.

Five Power Principles Successful Entrepreneurs Know And Use To Create Immense Wealth.

#1 Process Comes Before Outcomes.

No field of human endeavour is completely isolated from all others. Parallels arise in sports from which wealth creators can learn interesting things.

Take this principle of focussing on process before outcome to build your financial freedom. Whilst not wishing to compare boxers of different eras or weight divisions, it is true to say that over the years a few proud men stand far above their peers as successful boxers. What such men have is a true gladiatorial spirit. They are all possessed of a passion for what they call ring craft The art of the ring.

These sportsmen become very wealthy, not because of focussing on the money but rather by concentrating on the process of perfecting their ring craft and survival skills inside the ropes. In return, they reap the rewards of huge pay days and corresponding wealth.

#2 Prove Your Business Idea Early On.

Entrepreneurs, who want a proven and successful wealth creating process, need to follow a critical sequence of events.

Proof of concept starts when you identify a market opportunity, gap or niche.

Design the products and services with which to fill the identified market gap.

Test drive the products to ensure they are “fit for market purpose.”

The proof stage should be a small scale preview of the main show. This is where you test ideas before spending a fortune and then finding out it does not fly.

#3 Expand Your Business.

If your idea fails even one of the proof of concept phases ditch the idea. If however, it passes all three stages then you are ready to expand your wealth creating machine. Business expansion is not the same as overstretching your resources. It is a planned process.

You can expand your business vertically or horizontally. The former involves growing the business in its “core” sector. The latter involves growing your wealth creating machine by diversification into other sectors.

Within each of these growth models, two critical sub processes are at work. Both rely on building effective human relationships. On the one hand, you must build and maintain harmonious customer service and customer relationships. On the other hand, you must engage effectively with your employees.

#4 Give The Customer What The Customer Wants.

Trying to lead the market carries the huge danger that your products and services may have no market credibility and worse no commercial viability. The marketplace simply ignores your solutions.

The issue here is, “Do you invent first and market second, or do you find the market need first and then develop a solution?”

You should find the market need or gap first and then plug the gap with your product or service.

Your wealth creating machine must adapt and be alive to changing market conditions and needs. “Inventing a wheel” is a once in a lifetime affair best left to a few very creative individuals.

The Most Popular Job Roles In Finance

The Most Popular Job Roles In Finance

There is a plethora of jobs in the finance industry. Many finance jobs are centered around several primary professions such as commercial banking and investment banking. Naturally the most common jobs fall within those two categories. Currently, the more popular of the two is investment banking. Consequently, the most popular job roles in finance are positions in the investment banking arena.

Industry coverage is a large area covered by investment bankers who specialize in product groups such as utilities, aerospace, real estate, etc. This group has a group of senior bankers called Managing Directors which are backed by Directors, Vice Presidents and Associates. The managing director will help strategize the next move for the group as it grows and the team usually recruits new graduates into this group quite aggressively.

Corporate finance is an area with the primary function of raising money for corporate ventures. As an analyst in this group, you would be responsible for preparing registrations and attend road shows where investors are sold securities. Debt Capital Markets or Equity Capital Markets originate new issues of bonds or securities. They advise about the best time to issue these new debts or equities. Mergers and Acquisitions is yet another department which is under investment banking. Mergers and acquisitions generate fee income for investment banks. The bank sets up the acquisition even under market conditions that would make the acquisition unfavorable through creative methods that benefit all parties and the bank gets paid handsomely for their effort.

Project Finance help fund the infrastructure of a government or oil capital project, generally funneling funds from one foreign country to another when other options for borrowing have dried up. Trading is a job with which most of us are familiar. It is sales of securities on the stock market floor or from an office. Structured finance, derivatives, advisory, equity and fixed income research and international sales and emerging markets are other jobs that can be performed in investment banking.

Public finance, retail brokerage or stockbroker, institutional sales and ratings analyst are the remaining positions in investment banking. Many of these jobs are more glamorous than the others, but they all pay well. The most popular job roles in finance include any position in investment banking which comes with a hefty salary and many also pay bonuses. Commission often accompanies any position that generates sales to compensate for performance. Ratings analysts command an average annual salary of 68,000 with an average of 5,000 in bonuses. An exceptional employee should expect a higher salary. A managing director in Industry Coverage can command a salary of 130,000 to 220,000 annually. The job you pursue in Investment Banking will be your personal choice. Your compensation will be excellent and hopefully, you will find a home based on your talent and interests.

Hiring a Bankruptcy Law Firm Things To Consider

Hiring a Bankruptcy Law Firm Things To Consider

It may be tempting to use your friend’s go-to lawyer to handle your upcoming Chapter 11 filing. He knows what he’s doing, right? How much skill could it possibly take? Well, a bankruptcy law firm exists for a reason. And it isn’t to take advantage of people who don’t know the difference. The fact of the matter is that there are a lot of nuances that go into a proper filing, and a typical lawyer may not have a good grasp on those nuances. If you want to hire one who does, here are some things to consider.

When hiring a bankruptcy law firm to handle your case, you may be tempted to look at experience as one of your main factors. There’s nothing inherently wrong with this, but it is a bit too broad. As stated, a lawyer can be in practice for many years without having much experience with the type of case you’re going through. What you want is an attorney who has a lot of experience in your specific situation. Now, every individual is different, but your attorney should have been around the block a few times and have all the answers you’re looking for when it comes to your problems and concerns.

A good phrase to keep in mind when looking for a bankruptcy law firm is -jack of all trades, but master of none.- This is exactly what you don’t want. If you come across a firm that advertises that they handle everything from Chapter 7 filings to traffic tickets to personal injury, you may want to look elsewhere. You don’t want to go to the Wal-Mart of attorneys, looking for the best deal. Find a specialist. They will have more experience in your area and they won’t be distracted by a dozen other cases in unrelated fields of the law.

As important as it is to find a bankruptcy law firm that has a lot of experience and knowledge, it is also imperative that you find one that is current on the newest laws. Financial laws of all types change rapidly and you need an attorney who is up to date on all the changes. Within the last five years, there have been notable changes to the Consumer Protection Act and it makes it a bit more difficult to file, even for those who have no intention of taking advantage of the system. In order to know where you stand with the new laws, you need an attorney familiar with the changes.

A Scranton bankruptcy law firm can help PA residents sort out their finances and get a fresh new start. Don’t wait any longer to let the situation get worse. Learn more here: .

Why should you hire a US immigration law firm

Why should you hire a US immigration law firm

Are you finding it hard to resolve your immigration issues? Then probably it is time for you to avail the services of a US immigration law firm. There are plenty of reasons behind it, but the one that leads the pack is that immigration laws, more often than not, are quite complex in nature. Although there are certain immigration issues which can be dealt with without the assistance of any immigration attorney, but in most cases it is just not possible to navigate through such laws without their proper guidance. And when we talk about attorneys, it is not just any other attorney but the one that specializes in immigration.

When it comes to the popularity of nations in terms of number of immigrants, then it is the US that easily rules the pack as scores of students, professionals, entrepreneurs, doctors and scientists head to. It is because of this very reason that the US authorities have made stricter immigration laws, so as to keep a check on the inflow of individuals entering the boundaries of the country. Therefore, it becomes more of a necessity than requirement to consider the services of a top quality US immigration law firm so that get the job done without much of a stress and problem.

Another complicated aspect about these laws is that they are updated and reviewed on a regular basis. The laws are changed according to the changes occurring in the political arena of countries, according to which they change their immigration stance. Also, the immigration procedures usually consume a lot of time. And do not make the mistake of assuming that the job is done once you have submitted the form after filling it. That’s because you will then have to wait for approvals from the authorities dealing with such matters. It is typically seen that such approvals usually end up consuming at least a couple of months if not years. And the worst case scenario is when you have waited for a long period of time only to see your application rejected, as you failed to provide all the required documents and meet the conditions which are necessary for approval.

All these problems and complications can be avoided should you decide to hire a professional and reputed US immigration law firm. Not only can you get the job done in a short period of time, but save yourself from stress which comes along while going through immigration procedures.

Seeking Professional Help for Home Loan Modification

Seeking Professional Help for Home Loan Modification

Everyone who experiences problems with paying their mortgage are advised to seek for professional help and apply for a home loan modification. Once your application is approved by your lender or the bank, you will have the capability to modify your terms in order to make it more favorable for you. This method is said to be the best way to deal with mortgage problems, and is rapidly becoming popular because of its effectiveness.

If you are looking for a home loan modification, you can search the Internet and look for online quotes provided by accredited companies. Using the details that you have provided, you will be sent to financial services who dedicated in helping people like you to ease the burdens of their mortgages. You can also ask the help of a licensed modified loan attorney. He will be asking a few questions regarding your finances, and after careful examinations, he will be giving you advices regarding your application for a home loan modification.

Applications for a modified loan are often times approved, especially if you seek professional help. However, you need to understand that having a professional to help you with your application doesn’t guarantee that you will get a home loan modification. There are several factors that are being considered for an application and you should be aware of these things if you are serious about clearing off your mortgage.

When looking for professional help online, you should always look for testimonials and feedback of previous clients, because this will help you determine whether a particular company is really capable of helping you solve your financial problems. You can also check forums and blogs that are dedicated to this topic; because these websites will help you learn more about this method.

Filing bankruptcy should never be included in your options when you are dealing with your mortgage. Aside from the risk of losing your property, you will also ruin your good credit rating, which will prevent you from taking out loans in the future. There are a lot of methods that you can use, and home loan modification program is one of them.

For detailed facts and essential tips about how you can be approved for a home loan modification, visit this simple, easy to understand loan modification guide and resource: