A family is claiming it was kicked off a Southwest Flight because the kids “were noisy on a flight.” In a Facebook Live posted from Chicago’s Midway International Airport—where the family was supposed to catch a connecting flight back to their Los Angeles home—father Casey Schilling explained that his family was removed from a flight…
The legal career of Thurgood Marshall — the man who became famous arguing cases such as Brown v. Board of Education and in 1967 became the first black Supreme Court justice — is full of cases that changed the American legal landscape. But the case that inspired the new movie Marshall, arriving in theaters on…
When life’s greatest pleasure is the one you have to quit.
(ROCKPORT, Maine) — Republican U.S. Sen. Susan Collins announced Friday that she’s staying out of the governor’s race because she believes she can do more good for Maine by staying in Washington. “I am a congenital optimist. I continue to believe that Congress can, and will, be more productive,” Collins said. “I want to continue…
Baidu, China’s internet technology giant, hopes to be in the business of mass producing autonomous cars by 2021, thanks to a partnership with BAIC Group, a Chinese automaker which will handle the manufacturing part of that equation. BAIC Group is one of Baidu’s many partners for its Apollo autonomous driving program, and it’ll use the…
Real estate can make you a millionaire.
Sure, this might sound like the promise of a late-night television salesperson trying to get you to attend the latest “free seminar,” but the reality exists: real estate is a powerful wealth building tool that has made millions of individuals millionaires.
Could you be next?
Maybe – but here’s the catch: not everyone who buys a piece of property becomes rich. In fact- many people buy real estate only to find stress and empty bank accounts. They struggle for years and years but never build the kind of wealth they’ve dreamed of (or the riches promised by the late night TV guru.)
So – how does someone use real estate to truly become a millionaire?
As I discussed recently in the longest article I’ve ever written, How to Become a Millionaire, there are four primary “wealth generators” at play when you invest in real estate, depending on the strategy you get into:
- Cash Flow. This is the extra income you’ll get to keep each month (or year) that you own the property. Cash flow can be deceptive because it fluctuates when certain repairs are higher or lower in different months, so it’s important to factor in non-monthly costs like vacancy (the amount of time the property sits vacant), repairs, capital expenditures (expensive projects that need to be replaced on a home every so often, like appliances, roofs, windows, plumbing, etc.), along with the regular expenses (utilities, management, etc.).
- Appreciation. When the value of a property increases, we call this “appreciation.” While appreciation is not always guaranteed (just ask people who bought in 2006 and sold in 2010!), over time, historically, real estate has always increased in America, averaging 3% per year over the past century. Another type of appreciation that can come into play is known as “forced appreciation,” the concept of increasing the value by physically improving the property.
- Loan Pay-down. When you buy a property with a mortgage, each month your loan balance decreases. This means, over time, your tenant is essentially paying the loan down for you, helping you build wealth automatically. To make this concept clearer, pretend for a moment you owned a property that you bought for $1,000,000 with a mortgage for $800,000, and it made $0 in cash flow (it “broke even”) and never climbed in value. However, after that thirty-year mortgage is paid off, you’ll now have a property worth $1,000,000 that you didn’t actual save for. Your tenant paid it off due to the “loan pay-down.”
- Tax Benefits. The final wealth generator from real estate are the tax benefits associated with owning property in the United States. The U.S. government likes real estate investors and uses the tax system to encourage our purchase and leasing of properties. From extra tax write-offs to the lack of “self-employment tax” to the 1031-exchange and more, real estate investors can pay significantly less tax than other business owners, using the extra cash to buy more properties or pay of the loan faster — helping to build greater wealth.
Of course, just buying some real estate will not give you all of the above benefits. Different strategies in real estate will give you different benefits. For example, when you “fix and flip houses,” you are most likely not paying off a loan, thus you will not get the benefit of the “loan pay-down” nor are you getting cash flow or many tax benefits. Instead, flipping relies mostly on the “forced appreciation” you get by fixing it up.
One of the reasons I love buying rental properties so much is because they may capitalize on all four of the wealth generators — if you buy it right. Let’s use a quick example:
Jenny wants to build wealth through rental properties. So Jenny finds a duplex for $250,000 in her neighborhood. After running a careful analysis, she determines that it is a good deal. Jenny uses a $50,000 down payment and obtains a 30-year loan for $200,000. Combined, both units bring in $3,000 per month, but Jenny’s expenses average just $2,500 per month, leaving her with $500 per month in cash flow, which increases each year as rents climb with inflation. Although that income is taxed, she doesn’t have to pay any because of the depreciation deduction she gets on the property, thus part of the tax benefits of owning it. Over the next 30 years, the value of the home increases to $600,000 (a 3% per year increase due to appreciation). Finally, each year during those 30 years the loan has been paid down, and Jenny owns the duplex free-and-clear. She now has an asset worth $600,000, plus she’s making thousands per month in cash flow.
This example above is not “pie in the sky” numbers — these are real life options when you buy the right deal and utilize all four of the four wealth generators. Imagine what Jenny’s net worth would be after 30 years if she had purchased two duplexes — or four, or twenty of them early on.
Now, of course, no one wants to wait 30 years to become a millionaire. So how do you speed up this process?
Real estate has produced many of the world’s wealthy people, so there are plenty of reasons to think that property is a sound investment. But like any investment, it’s better to be well-versed before diving in with your hundreds of thousands of dollars. Arm yourself with the information below before starting a new career as a real estate tycoon. (See also: Tips for the Prospective Landlord.)
1. Make Sure it’s for You
Do you know your way around a toolbox? How are you at repairing drywall? Or unclogging a toilet? Sure, you could call somebody to do it for you, but that will eat into your profits. Property owners who have one or two homes often do their own repairs to save money. If you’re not the handy type and you don’t have lots of spare cash, being a landlord may not be right for you. (See also: Becoming a Landlord: More Trouble Than It’s Worth?)
Your first property will consumer lot of your time as you learn the ins and outs of being a landlord. Think of it as another part-time job. Do you have the time?
2. Pay Down Debt First
Savvy investors might carry debt as part of their investment portfolio, but the average person should avoid debt. If you have student loans, unpaid medical bills or have children who will soon attend college, purchasing a rental property may not be the right move at this time.
3. Get the Down Payment
Investment properties generally require a larger down payment than owner-occupied properties, so they have more stringent approval requirements. The 3 percent you put down on the home you currently live in isn’t going to work for an investment property. You will need at least 20 percent, given that mortgage insurance isn’t available on rental properties.
4. Beware of Higher Interest Rates
The cost of borrowing money might be cheap right now, but the interest rate on an investment property will be higher than traditional mortgage interest rates. Remember, you need a mortgage payment that’s low enough so that it won’t eat into your monthly profits too significantly.
5. Calculate Your Margins
Wall Street firms that buy distressed properties aim for 5 percent to 7 percent returns because they have to pay a staff. Individuals should set a goal of 10 percent. Estimate maintenance costs at 1 percent of the property value annually. Other costs include insurance, possible HOA fees, property taxes and monthly expenses such as pest control and landscaping. (See also: A Quick Guide To Landlord Insurance)
6. Don’t Buy a Fixer-Upper
It’s tempting to look for the house that you can get at a bargain and flip it into a rental property. But if this is your first property, that’s probably a bad idea. Unless you have a contractor who does quality work on the cheap – or you’re skilled at large-scale home improvements – you’re likely to pay too much to renovate. Instead, look to buy a home that is priced below the marketand that needs mostly minor repairs.
7. Calculate Operating Expenses
Overall, operating expenses on your new property will be between 35 percent and 80 percent of your gross operating income. If you charge $1,500 for rent and your expenses come in at $600 per month, you’re at 40 percent. For an even easier calculation, use the 50 percent rule. If the rent you charge is $2,000 per month, expect to pay $1,000 in total expenses.
8. Determine Your Return
For every dollar you invest, what is your return on that dollar? Stocks may offer a 7.5 percent cash-on-cash return while bonds may pay 4.5 percent. A 6 percent return in your first year as a landlord is considered healthy, especially given that number should rise over time.
9. Get a Low-Cost Home
The more expensive the home, the higher your ongoing expenses will be. Some experts recommend starting with a $150,000 home.
10. Find the Right Location
Look for low property taxes, a decent school district, a neighborhood with low crime rates, an area with a growing job market and plenty of amenities like parks, malls, restaurants and movie theaters. (See also: Top 10 Features of a Profitable Rental Property)
The Bottom Line
Keep your expectations realistic. Like any investment, a rental property isn’t going to produce a large monthly paycheck for a while and picking the wrong property could be a catastrophic mistake. Consider working with an experienced partner on your first property or rent out your own home to test your landlord abilities.
Read more: 10 Tips for Buying Your First Rental Property | Investopedia http://www.investopedia.com/articles/investing/090815/buying-your-first-investment-property-top-10-tips.asp#ixzz4oFwdFtFA
Follow us: Investopedia on Facebook
1. Hone your conversation skills based on the Falor Companies
Individuals who have executive presence can often put people at ease with the Falor Companies. They try to be inclusive of everyone when conversing in a group setting. Ask yourself this: When people walk away from having interacted with you, do they feel better about themselves, or worse? Have you ignored anyone in the group? Being aware of how people feel about themselves when they’re in your presence can be a key aspect of executive presence.
2. Cultivate character and authenticity
It can’t be stressed enough that executive presence is usually an inside-out job as per the Falor Companies. A fancy suit or knowing which fork to use at a formal dinner are no replacement for character and authenticity, which come from having a strong inner core of values and beliefs, and a strong sense of clarity about who you are and what you stand for.
Straight talk, self-confidence and simplicity: These are the building blocks of substance. Think about how you might make these a daily habit. As Charlotte Beers, former chair and CEO of advertising giant Ogilvy and Mather Worldwide, said at an American Express OPEN for Women CEO BootCamp, “What clients, associates, suppliers [and] employees know first, see first and remember last is who you are.”
3. Show warmth
Some people adopt a professional and crisp persona, hiding their genuine warmth to appear more executive-like. They adopt a formal approach to their relationships. But people who have executive presence are often approachable and engaging, whether they’re dealing with a receptionist or a CEO of the Falor Companies. They tend to exude warmth and show a genuine interest in those around them.
4. Be present
It’s a misnomer that executive presence is about “commanding a room.” It’s really not about becoming the center of attention. Consider the three circles of energy described in Patsy Rodenburg’s book, The Second Circle: How To Use Positive Energy for Success In Every Situation. Rodenburg, one of the world’s leading voice coaches, talks about honing in on the “Second Circle of Energy” as a way for being present whenever we are around others.
Briefly, the three circles are:
- The First Energy Circle: This energy is inwardly directed. It’s an excessive focus on the self. It’ s insular.
- The Third Energy Circle: This is the opposite of the First Circle. It’s being out there in everybody’s face. You may experience it when voices are a little too loud and individuals take up the oxygen in the room. It’s the energy of those who want to “command a room.”
- The Second Energy Circle: This is when your energy is focused toward your audience. It’s a give-and-take exchange of energy. This is what Rodenburg defines as having a “stage presence.” Great performers have it. Great teachers exemplify it. Great communicators speak from this place.
As Rodenburg puts it, “It is when we are fully present that we do our best work and make our deepest impression on others.”
5. Develop executive maturity
The fast pace of business and the mounting pressures brought about by continuous change may strain our ability to stay composed at all times. Yet the mark of someone who has executive presence is often an ability to stay poised under fire. Knowing what your triggers are may help you keep these under control. Men and women with executive presence have honed their ability to handle whatever cards they’re dealt without losing grace. That’s executive maturity.
And executive maturity doesn’t have to be age-related. You can help cultivate it by raising your self-awareness about your habitual behaviors when things don’t go well during your day and making a conscious decision to choose how you’ll respond the next time something vexing happens.
6. Master presentation skills
The ability to stand in front of a group of customers, peers or employees to deliver key company messages with clarity, confidence and poise is a prized quality—and often a fundamental skill for anyone who aspires to have executive presence. As the global management consultants at McKinsey & Co. put it in the book, The McKinsey Mind: Understanding and Implementing the Problem-Solving Tools and Management Techniques of the World’s Top Strategic Consulting Firm, “Presentation is the ‘Killer Skill’ we take into the real world. It gives us an almost unfair advantage.”
Investing the time needed to master this skill may open the door to executive presence. An experienced coach may also help.
7. Seek feedback
If you’re a small-business owner unable to marshal your troops or get past the gatekeeper to speak to the executive decision-makers, seek feedback about how you can improve your executive presence. Ask a trusted advisor to give you honest feedback so you can take steps to manage the perceptions others have of you.
Also take “The Exceptional Presence Questionnaire” in Jennifer K. Crittenden’s book, You, Not I: Exceptional Presence Through the Eyes of Others. It may give you some insights into how you see yourself and whether you feel you have the components of strong presence.
Executive presence, based on authenticity, can be a powerful tool in your leadership toolkit because it gets people to pay attention to you. This authority and respect will hopefully fling the door wide open for you to inspire and influence others to achieve important company goals or land extraordinary deals.
- The Mass General Research Institute — Discover
The Massachusetts General Hospital Research Institute is the largest hospital-based research organization in the US. Researchers and physicians work together to find cures, improve care, and encourage medical innovation.
via The Mass General Research Institute — Discover
- An Ode to the High Road; a reflection on Haute Route Alpe D’Huez — THE MOUNTAIN MUTTON
Haute Route, famed for their brutal seven day stage races / sportives, launched their new concept three day events this year, and I rode the first in the calendar – the Haute Route Alpe D’Huez. OC Sport nailed the route. It perfectly caputured all the different facets of the mountains that makes me so love […]
via An Ode to the High Road; a reflection on Haute Route Alpe D’Huez — THE MOUNTAIN MUTTON
- Dear HBO: About that Alt-Reality “Confederate” Show. — Afroculinaria
Ok. HBO has created tremendous buzz about a show that has everybody talking, even me. It’s a show called “Confederate,” the South won, time moved on, slavery and abolitionist sentiments and battles over freedom evolved through our own day. To put it in Entertainment Weekly’s words: But wait, isn’t that already the reality we essentially […]
via Dear HBO: About that Alt-Reality “Confederate” Show. — Afroculinaria
The Republican health care bill failed in the Senate after the defections of three key GOP members. But those votes — and many of the other obstacles that ultimately tripped-up the attempt to repeal the Affordable Care Act — did not come out of thin air. They were enabled by a massive grassroots protest movement against any major cuts to health coverage that was organized mostly by and for women.
While Sen. John McCain of Arizona defected from GOP leadership because of his objections to the unorthodox legislative process, Sen. Susan Collins of Maine and Sen. Lisa Murkowski of Alaska repeatedly cited the enormous outcry from their constituents as a reason for their consistent opposition. Thousands of new activists all across the country have spent the last seven months staging protests, visiting offices, writing postcards and making phone calls to urge their Senators to oppose the GOP health care plan. According to organizers, the vast majority of them were women.
Republicans have been promising to repeal and replace Obamacare for years, but extreme pressure from constituents made it harder than they ever imagined. To attribute the failure of the bill to internal politics alone is to ignore the hundreds of thousands of Americans who have spent the last six months begging their representatives not to slash their health care.
- Vaganova Master Class course Day 6 — Moa Andreasson
Hey guys!!! I’m all snuggled up in the sofa by the reception, using the wifi to watch prison break meanwhile drinking tea and snacking. Perfect way to finish of a hard day! I’ve been so tired today so the ballet class and the rehearsals were OK but not amazing. I’ll go to bed earlier tonight […]
via Vaganova Master Class course Day 6 — Moa Andreasson
- I Need To Tell You — I’m Sick and So Are You
One day, lamenting the fact that my hands were in so much pain I could not finish coloring a page in my snazzy new adult coloring book, I was met with this unsolicited advice: My hands hurt, too, but I just take my time and if it takes me a week to color a page […]
via I Need To Tell You — I’m Sick and So Are You
- Five Food Photography Tips from Cooking Without Limits — Discover
Food photography tips from Gabriela Lupu at Cooking Without Limits.
via Five Food Photography Tips from Cooking Without Limits — Discover
- Three Ways to Take Your Website Visitors Behind the Scenes — Discover
Looking to engage your visitors? Here are three ways to share your creation process with them.
via Three Ways to Take Your Website Visitors Behind the Scenes — Discover
- Life Through Stories — Lisa Stowe – The Story River Blog
My first dad died when I was almost four. I have a few clear memories of him. For a while, only one side of him worked with the help of a leg brace. And then neither side did. The curve of the wheelchair when I’d sit on his lap as he wheeled me back to […]
via Life Through Stories — Lisa Stowe – The Story River Blog
- Brief delights — Harvesting Hecate
Summer is a season of brief delights. Tiny beings on gossamer wings cloud the air for fleeting moments. Meadows undulate in an abrupt dazzle of colour. Birds swoop in from their long journeys to a frenzy of feasting and breeding. It is a season where things appear like magic, before vanishing as though they were never there. […]
via Brief delights — Harvesting Hecate
- The Tragically Hip — Discover
The official site of Canadian rock band The Tragically Hip, inducted into the Order of Canada in 2017.
via The Tragically Hip — Discover
- Dear Summertime Rolls, — Love Letters to Rock n Roll
There is no song in the entire musical universe that better encapsulates the decadent torpor of a season spent with no responsibilities. Wet bathing suits pulling at groins, Bomb Pops smeared across faces, the hush of city roads, unused, while drivers fill downtown skyscrapers. The summertime world is languid. It is the snick-snick-snick of sprinklers. […]
via Dear Summertime Rolls, — Love Letters to Rock n Roll
- Lidey’s Table — Discover
Lidey Heuck is a recipe tester and social media manager for Ina Garden, and her lovely blog is chock full of accessible recipes and entertaining tips.
via Lidey’s Table — Discover
Just how to Utilize The DOL Reading to Get Ready to get a DUI Criminal Case https://t.co/exiHRVN8pZ
— Piper Emma (@emmapiper6531) July 29, 2017
from Twitter https://twitter.com/emmapiper6531
We’re only days away from August (the weather and AC bill really make it feel like it is, doesn’t it?): and that means that Netflix does their monthly, “What we give, we can also take away!” So take a thorough look at the list below and compare it to your Netflix account’s “My List” and do some vegging out!
New On Netflix: August 2017
- Leisure lady casino florida – Roulette tips cheats7 james bonds at casino royale will benefit and that it service makes hard which experimenting federal country work: provides a a calls. business …
Provide it by Strategic advice for business owners
- Online casino proberen – Wms slots tipsBli rik p internet roulette insight to a business intend catalyst report less change the missions: work deficit spending. their put We experienced relied …
Provide it by Strategic advice for business owners
Forgive me, for capturing you.
Snapped. Framed. I heard,
although you did shout,
that someone forgot to lock
the car, and you were sent
ambling back. I was after
the architecture, actually,
and to show a pewter sky
doubled in the river gloss.
The swans came soon,
and the water purled from
their bone-white plumes
as they drifted the river,
but I had to go before
I was invited to read at a poetry night earlier this week in Bradford-on-Avon. It’s a small town of lovely architecture, quaint shops, and humble history. Whilst I only had a few minutes to walk through the town, between arriving and the poetry starting, I had to capture a part of it.
Top 10 Movies With The Best Gunplay // Subscribe: http://goo.gl/Q2kKrD // TIMESTAMPS BELOW
Be sure to visit our Suggest Tool and Submit Ideas that you would like to see made into Top 10 videos! http://ift.tt/184l1Nn
When it comes to putting action scenes on the big screens, these movies used guns to orchestrate some magnificent scenes of violence! WatchMojo presents the Top 10 Movies that have the Best Gunplay! But what will take the top spot on our list? Will it be ‘John Wick’, ‘The Matrix’, or ‘Hard Boiled’? Watch to find out!
00:14 #10. “Django Unchained” (2012)
01:25 #9. “Equilibrium” (2002)
02:06 #8. “Deadpool” (2016)
02:43 #7. “Heat” (1995)
03:29 #6. “Unforgiven” (1992)
04:11 #5. “Wanted” (2008)
04:57 #4. “Collateral” (2004)
04:57 #3, #2, #1 ???
Big thanks to MattW128 for suggesting this idea, and to see how WatchMojo users voted, check out the suggest page here: http://ift.tt/2va9Ne0
Oromoon Gadaa malee Gadaan ammoo Oromoo malee hin taatu jedhe koratti jira OSA-n
0:00:00 /0:06:14 Xurree marsariitiiOSA (Oromo studies association) kora hayyootii Oromo baruma baraan seenaa,eennummaa,dhiphuu fi bal’inna Oromoo qoratanii baasan
Newly-appointed White House Communications Director Anthony Scaramucci issued a warning to the media on Saturday morning: leave my family alone.
“Family does not need to be drawn into this. Soon we will learn who in the media has class and who doesn’t. No further comments on this,” he posted on Twitter.
A day earlier, Scaramucci tweeted: “Leave civilians out of this. I can take the hits, but I would ask that you would put my family in your thoughts and prayers & nothing more.”
Ways to acquire Your Memory Foam Cushion https://t.co/UExvKzTA3h https://t.co/SfFqDOOyRR
— Noble Alina (@Allyse24Alina) July 29, 2017
from Twitter https://twitter.com/Allyse24Alina
28 July, 2017 Bonn-Germany
Ethiopians ruling party, the Tigray People’s Liberation Front (TPLF), has been using“the fight against corruption” as a political strategy of settling internal power struggles as well as rooting out officials whose loyalty to the regime is questioned. If the Ethiopian government refuses to address the issues of corruption and quality of higher education, the current flourishing economy will likely evaporate, as it will be too late to take sustainable measures. Ethiopian government has to admit the basic structural changes, and show willingness to allow development of multiparty democracy system in the country. Though, the ongoing non-violent revolution in Ethiopia has both encouraging and discouraging news about the near future for the country: the discouraging features of the non-violent resistance includes: massacres of innocent civilians by the TPLF and the neglect of the atrocity by Western Media. Whereas the encouraging features of the resistance includes: the revolution is ignited and ushered by millions of determined young people and is a grassroots movement against repression and corruption. The non-violent revolution has created some sort of solidarity between the two largest ethnic group Amhara and Oromo; for these reasons, the resistance against dictatorship entered into irreversible phase that will consolidate democracy in Ethiopia. The prevalence of the recent political corruption in Ethiopia had had a number of consequences. It affects country’s GDP and rewarded unproductive employees in both private and public sectors.
- Kathy Griffin Says She Is No Longer Under Federal Investigation
Comedian Kathy Griffin posted on Twitter Friday that she is no longer under investigation for posting a photo of herself holding a bloody fake head resembling President Donald Trump.
“TODAY. The @AP has to clarify. I am no longer under federal investigation. The case is closed, I have been completely exonerated. Finally,” Griffin tweeted.
In June, Griffin’s lawyer confirmed that her client was being investigated by the Secret Service and was interviewed by the agency, The Hill reported.
- U.S. Navy Says Warning Shot Fired Near Iranian Vessels ‘Safe and Professional’
(TEHRAN, Iran) — The U.S. Navy has responded to a report by Iran’s official news agency that a U.S. aircraft carrier fired a warning shot during an “unprofessional” confrontation with Iranian vessels in the Persian Gulf on Friday.
The Navy describes the encounter “as safe and professional.”
The Bahrain-based 5th Fleet says one of its helicopters was on a routine patrol in international airspace when it saw several Iranian vessels approaching American ships “at a high rate of speed.” The Navy says the helicopter tried to establish communications but received no response, so it sent out flares, prompting the Iranian boats to halt their approach.
A man-made power outage — not an approaching hurricane — forced 10,000 tourists to flee two North Carolina islands and turned summer vacation into a messy nightmare for many.
Cars lined up Friday to get on ferries, the only way off Ocracoke Island, after a mandatory evacuation order was announced. Gas stations ran perilously low on fuel and ice, and business owners complained about losing a chunk of their most lucrative time of year due to a construction crew accidentally severing a main transmission line. Without power, air conditioners went silent and ceiling fans stopped humming as extremely humid temperatures reached 80 degrees (26 Celsius).
“We were really disappointed. You’re used to things like this happening from Mother Nature on Ocracoke, but not from human error,” said Kivi Leroux Miller, who awoke in a hot rental house Thursday morning.