Property owners can make money through holding and renting a property while it appreciates and then sells it for profit. A property rental can be a lucrative investment. If you want it to make money, you need to take location, the age of the property, property condition, and market trends into account. For example, the neighborhood you choose and property taxes can vary widely. Here are some of the reasons to consider property rental as a lucrative investment .

5 Reasons for Considering Property Rental as a Lucrative Investment

1. You are in charge of your investment

Affordability, access to financing, and your expected return on investment are key factors to consider when selecting an investment property. The advantages of investing in a property for rental purposes are that real estate tends to be more stable than the stock market, and you have more control over your investment. 

When you invest in property, you decide on which property to invest in. Picking the right cities and neighborhoods can make a difference in how lucrative your investment will be. You can take factors like schools, crime, property taxes, etc., into account when making a choice. You can also choose your tenants and decide how to manage and maintain the property while renting it out. 

Dealing with tenants can be a problem if you want to make money from a property rental. Using a property management company can help to find and service long-term renters. When looking for well qualified property managers in Little Rock or other U.S. cities, Evernest, KeyRenters, Fletcher, and others are the answer. The companies use a screening process that ensures you only get the best tenants, maintain your property, and make sure you receive your rent in full and on time. 

2. Your property appreciates in value

One of the advantages of investing in real estate is that you can use a small amount of your own money and borrow the rest. If you can pay cash for a property and its value increases over the years, your investment could be very profitable. 

If you take out a mortgage for the full amount, you have to pay back the amount plus interest over a certain time period. The rent you receive should cover the monthly mortgage payments. If they don’t, you will have to pay a certain amount each month, but you will still own an asset that appreciates over time. 

3. You can earn passive income

When you first take out a mortgage, more money will go towards interest than to principal, but eventually, this will change. If you can hold onto your property for over 15 years, your tenants will pay down more of the principal, and you will create more wealth for yourself. When you eventually pay off your loan, you can sell the property for a profit or refinance the loan. 

If you manage to pay cash for a property or put down a large deposit, the scenario is different, and you could start earning a passive monthly income from the start. The money you have leftover after you receive your rent and pay off all your expenses is money in your pocket. For example, if your mortgage is $700 a month and you receive $1000 in rent from a tenant, you will have $300 to pay other expenses, and the rest is monthly passive income for you. The more passive income you earn, the more time and energy you can spend elsewhere. 

4. You qualify for tax deductions

There are certain tax deductions you may qualify for as the owner of a property rental. For instance, interest on an investment property loan is tax-deductible. You may be able to deduct property maintenance, legal and professional fees, insurance, and other expenses. 

On top of this, the government allows you to depreciate the purchase price of your property according to a depreciation schedule. This can reduce the amount of tax you have to pay on rental income. 

5. You can take advantage of market trends

When considering buying a property to rent out, you can look at a few key market trends. Is the population in the area growing? Who is likely to want to live in the area in the coming years? Are there any new developments coming? Is the area being revitalized? What are jobs and wages like in the area, and is this like to change? 

You can consult the local planning department for information about planned developments. Make sure that you look into the average rent you can charge in the area. By doing some research into what an area looks like currently and what it is likely to look like in the next 5 to 10 years, you can avoid making a costly mistake. For example, a significant tax increase on an affordable property could mean your investment doesn’t pay off. 

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 5 Reasons for Considering Property Rental as a Lucrative Investment appeared first on OpenBusinessCouncil Directory.

Intellectual property describes intangible assets that are products of the mind – inventions, trademarks, and original, creative works. In today’s economy, IP commonly represents the large majority of a business’ value. For example, the value of Apple’s patent-protected inventions, its exclusive trademark rights and massive goodwill associated therewith, and its other intangible assets could easily outweigh the value of its real estate holdings, inventory and remaining tangible assets. How Intellectual Property Adds Value to a Start-Up ?

How Intellectual Property Adds Value to a Start-Up

How Intellectual Property Adds Value to a Start-Up

By: Christopher Heer & Annette Latoszewska

But IP doesn’t just add value to the Apples of the world, IP can add value to any business in a few ways, depending on the particular asset in question – keep reading.

Inventions protected by patents allow businesses to price their products embodying those inventions on their own terms. As the owner of a patent has the exclusive right to make, use and sell the invention described therein, a business with a patent for a given invention need not worry about having their price undercut by competitors. While competitors may nonetheless decide to make and sell the invention, the business will have legal recourse against any that are so bold as to do the same. A patent or patent pending also adds value to a start-up when fundraising – because the monopoly/future monopoly it represents reinforces the likelihood that an investor will see a return. Further, once a patent application has been filed for an invention, the applicant may use the term “patent pending” when marketing the product described in the application for as long as they continue to prosecute the patent application. This shows competitors that you are serious about protecting your product, discouraging them from knocking it off. A patent pending notice can also attract customers as a sign of innovation and novelty. 

Trademarks on the other hand are used to identify products and services as originating from your business, their value is in their association with your business’ goodwill. Trademarks may include, among others, logos, words, phrases, and scents. Thanks to trademarks, consumers know to associate their positive reactions to products and services with your business and will rely on your trademarks to keep coming back to the same source.

Finally, copyright ensures that your business and your business alone derives benefit from its successful packaging design, video advertising campaigns, and other creative works. 

Of course, all of the above intellectual property assets are also saleable, transferable assets and have value as such. Any of patents, trademarks and copyright can be sold outright or licensed to generate additional income.

Getting a new business off the ground can be overwhelming, mentally and perhaps especially financially. For this reason, intellectual property (IP) protection is often pushed to the backburner as many start-ups associate IP with additional expenditures. While maximally protecting your IP will involve expenses, given the value IP stands to add to your business, these expenses are profitable investments and can be a critical ingredient in a business’ success. 

Protecting your intellectual property rights and, when available, simultaneously monetizing those same rights, can increase the value of your intellectual property and your start-up business.

Protection of Your Intellectual Property Assets

Protecting your start-up’s intellectual property is critical to set the stage for business growth and success in the future and to be able to maximally monetize that property moving forward. Further, formal registration of your business’ intellectual property assets serves as evidence of your ownership thereof which can go a long way toward attracting investors and deterring would-be infringers of your IP rights.

Registration of Copyright and Trademarks

Registered and unregistered copyright in a work is often indicated with the help of a copyright notice, comprising, most commonly, the copyright symbol, ©, the owner’s name, and the year of first publication of the work. Trademarks, on the other hand, are indicated by the symbol, if unregistered, or the ® symbol, if registered.

Registration of any copyright or trademarks owned by your start-up is an important investment for your business as it increases the value of these IP assets. You are not required to register copyright and trademarks to be entitled to a fundamental level of protection for either. However, registration creates a formal record of ownership that your start-up may rely on as evidence thereof. Registration of trademarks broadens the scope of protection to which they are entitled and registration of copyright and trademarks alike tends to facilitate enforcement and increase the availability of certain remedies for infringement.

To register copyright and trademarks, your business will need to submit applications to the intellectual property office in your jurisdiction and pay an application fee. These applications are not especially involved but must be completed correctly, and at times, strategically, to ensure the protection sought after is ultimately granted and to expedite the process. Retaining an intellectual property lawyer to assist with these applications is highly recommended.

Monetisation of Intellectual Property Assets

Intellectual property assets, like tangible assets, are saleable assets and may be transferred between parties. As a result, your start-up’s intellectual property assets can be monetized in a number of ways including through licensing, collateralization, and sale-leaseback.

Licensing

Licensing your intellectual property assets in competing and non-competing industries can be an effective method for establishing market advantage. As the owner of licensed intellectual property, you retain control over the asset(s) while enjoying the benefit of their commercialization by own or more licensees. Generally, as the licensee is the one doing the work, they retain the majority of the profit, but, with the right terms in place, licensing is a great way to generate additional revenue at another’s expense.

Note that the terms of licensing agreements vary, as they should. An effective licensing agreement should be tailored and should reflect the intentions of the parties, carefully outlining what is and is not permitted under the agreement (particularly the use to which the asset may be put) and resolving any doubt as to ownership.

Dedicating the time to drafting an effective, comprehensive and unambiguous agreement at the outset can help reduce the likelihood of a dispute in the future – the resolution of which will often come with a much larger price tag than would the attentive drafting.

Collateralization

Your intellectual property assets may also be collateralized in an effort to generate capital. Collateralization describes using your intellectual property assets as collateral for loans. 

Sale-Leaseback

Sale-leaseback, as the name tends to suggest, involves the sale and subsequent leaseback of your intellectual property assets. While intellectual property is a huge source of value, it isn’t the same as cold hard cash, and there may come a time when that is exactly what your business needs. In a sale-leaseback arrangement, one or more of your start-up’s intellectual property rights would be sold and you would, immediately thereafter, “lease” the right(s) from the new owner (i.e., license the rights). In short, sale-leaseback can be a way to convert your intangible asset value into working capital.

In summary, intellectual property assets of all kinds can contribute substantial value to your start-up. By both being aware of the intellectual property assets held by your start-up and by taking steps to protect them, you can maximize that value moving forward.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post How Intellectual Property Adds Value to a Start-Up appeared first on OpenBusinessCouncil Directory.

Tokenization is one of the rapidly developing dimensions, enabling investments in the form of digital tokens that are backed by real-world assets. Blockchain technology forms the core of this concept. LynKey ecosystem leverages the secured and immutable nature of the blockchain to facilitate the digital fractional ownership of real estate. This helps in securing the transaction and settlement records using its smart contracts feature.

LynKey is an “all in one” ecosystem that focuses on tokenizing the tourism and property industry. It aims to link the world with its advanced property technology, smart tourism, and blockchain, optimizing timesharing, prepaid lease, or licensing premium experiences at the vacation property. It promises a reward system for the loyal community over the ecosystem, having access to amenities and utilities to increase its prospects of customer satisfaction in an efficient manner.

LynKey’s cutting-edge marketplace offers an NFT platform where LYNK tokens can be exchanged for exquisite tourism experiences created within the network. With access to over US$8 million in property and tourism resorts, it promises to evolve the smart tourism industry with significant and innovative solutions in the future.

The ecosystem leverages emerging technological solutions to democratize and streamline the property transaction process, providing a more meaningful experience related to tourism or property. Moreover, the design of the project is based on the DeFi model, where the community and members mutually increase the prospects of making profits, while benefiting the management and operations of the ecosystem.

LynKey Tourism and Property Ecosystem

Backed by more than US$8 billion worth of the premium property and tourism assets in Vietnam, LynKey family proudly announces its top-tier projects- Crystal Holidays Harbour Van Don, Crystal Holidays Marina Phu Yen, Crystal Holidays Heritage Ly Son, Xuan Dai Bay, Van Don Heritage Road Smart City.

More interesting projects are soon to be added to the ecosystem as LynKey expands its span of influence to Singapore, Australia, and the other countries of the world.

LYNK: The utility token

While a security token secures the property and acts as a resource to build the trustworthy ecosystem, LynK (a utility token) goes beyond that dimension and offers access to the products and services to the LynKey members and tourists.

It could be conveniently accessed at various DEX and CEX platforms once the listing formalities are finalized. Additionally, reward and loyalty credits could be the other ways to earn LYNK to your wallets.

LYNK offers real-world value to every aspect of your holiday experience- a particular resort for a family vacation, upgrading a business trip, purchasing a timeshare, buying a resort experience, or securing your share of ownership, lease, or license in a premium property.

In this ecosystem, LYNK allows a frictionless experience for its users, ensuring every feature of smart tourism. With its evolution, the tokens will grow in value, facilitating the exchange of goods and services, especially the timeshare experiences like licensing and leasing your accommodation and earning upgrades.

In other words, LYNK offers smarter experiences for all- property developers, world travelers, or fractional owners of the premium vacation property. You could earn exclusive profits from a foreign market, or make your tourism experiences more yielding, not just limited to good memories. With the power of the blockchain, all this becomes unique and more enjoyable, hassle-free, transparent, and efficient.

How can you use LYNK?

The fungible token, LYNK, can be used to buy tourism products and services within the ecosystem. Here are some of the examples:

Travel bookings: You can book your air tickets and local transfers in the most transparent and reliable way.

Lodging and Accommodation: Resort and hotel stays at your favorite holiday property. Further, you could get upgrades and complimentary offers to make your stay a world-class experience.

Leisure and entertainment: Pay for premium city guide services, spa experiences, desert safaris, cruises, resort tours, adventure sports, and many more engaging activities while making your stay the most memorable one.

Food and dining: Dine at LynKey’s most premium partner restaurants and food outlets to avail exclusive benefits and rewards.

Additional benefits include hassle-free visa processing, access to exclusive lounges, and many more.

Further, LynKey takes pride in its point-based reward system for loyal members that involve the transfer of LYNK tokens directly to the holder’s wallet.

In addition, the NFTs created for exclusive tourism experiences could also be traded over the secondary markets. And lastly, you could also get involved in various other DeFi protocol-based transactions to increase your share of the profits.

Tokenization is rapidly gaining traction in the real estate sector. The traditional real estate institutions are, apparently, partnering with technology providers, exploring the tokenization of debt or equity. The real estate investment is expected to be invigorated with the increased access to quality property assets for the investors as more and more technology-backed real estate projects come to fruition.

Technology providers will in turn benefit from quality asset origination as well as the financial expertise of an expanding network of traditional real estate stakeholders. LynKey’s revolutionizing ecosystem has the potential to bring a new world of real estate investment featuring increased choice and flexibility for all stakeholders, but it will be a group effort to get there. It is further strengthened with the power of smart contracts, providing a robust marketplace for secured transactions.

Conclusion

The innovative solutions proposed by LynKey are the harmonic combination of classical methods for property transactions and the immense potential of the most progressive and modern achievements of the digital economy.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post LynKey Tokenizes Premium Holiday Properties With LYNK appeared first on OpenBusinessCouncil Directory.

Starting a business in real estate can be a great investment that is possible to capitalize on various revenue streams. Yet, before purchasing anything you need to be aware of all pitfalls faced when buying, selling, or renting a property. 

Among them are property records that allow you not only to learn more about the ownership but also get insights into the land restrictions, renovations, history of the place, and so on. Unfortunately, not all property can bring you revenue so you need to check everything before signing in any contracts and spending your money on it. 

If you are looking for where you can find free public property records, there are several options to select from. You can decide to check government offices or search the property records online. There are several websites that can assist you in your quest. The possible alternatives for finding free public property records are mentioned below.

Property Tax Records

In each town or municipality, the public property tax information is usually available to the public. Also, a large number of towns and municipalities have made their property tax records available on the internet. In the United States, one can find links to government websites by visiting http://publicrecords.netronline.com/. Using any of the following information like the property’s location, plat number, or even the name of the property’s owner will be useful in the search through property records.

Tax records can also be found on the internet. A computer search may be possible, or one may need to look through a library of books. Inquire with someone in the office about assisting you in locating what you are looking for. Since property tax records are available to the public, staff are willing to assist. 

It is possible that the county website will not allow you to search for a property using the owner’s name. The owner’s name will usually be listed in the record if you locate the property, allowing you to double-check that you are in fact looking at the correct property. 

However, if you are only aware of the street name and not the street numbers of the property, you may still be able to conduct a search by inputting just that name and then browsing through all of the resulting records until you find the correct owner’s name. 

Locating the Deed to the Property through County Offices

The county in which the land is located must be identified. Deeds are recorded in county offices in the United States, so first of all, identifying the county in which the property is located in the first step before you can proceed. If the property is spread across more than one county, determine which county contains the majority of the property. In most cases, you can find deeds by searching for the owner’s name. Even if you don’t know the owner’s name, you can go to the tax assessor’s office and use the address to find out who he or she is. 

Pay a visit to the county office that is appropriate for you. The county recorder of Deeds office is where deeds are kept on file. This office is often called by a variety of titles, including Register of Deeds or Commissioner of Deeds, depending on the jurisdiction. In some counties, land records will be kept by the clerk of the court. You can locate the appropriate office by consulting your phone book or by visiting your local county or city office. Inquire as to where you need to go.

Many counties are now making their records available online so find the website by searching for the name of your county followed by the words “Recorder of Deeds.”

Property Records Search like Radaris

Find information about public property records. When a property is acquired, it is usually listed on the internet. People and property search tools like Radaris are usually a grapevine for free public property records. You can use the sites to get free records on public property. Tools like Radaris will provide basic property information for free. Plenty of websites collect data about counties and townships and then make it accessible to the general public.

In conclusion, you need not break a bank, or leave the comfort of your home to get answers to certain questions. There are accessible websites that have now made it easier for people to free public property records online. With technological advancements like this, records are now accessible to the general public. Want to know who owns a certain property before you purchase it? Are there any limitations for my business to use the property? Search online at your convenience. You can even go further by making background checks on the owners of certain properties as well so that you won’t get scammed. All information needed is just a click away. 

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post WHERE CAN I FIND FREE PUBLIC PROPERTY RECORDS? appeared first on OpenBusinessCouncil Directory.

Think about what you want  

It might seem like a stupid thing to say, but really thinking about what you want to do with the property before jumping into any decisions is key.  

Think about the property’s location, it’s worth and how much of a responsibility it would be for you to take on.  

Remember that properties require a lot of upkeep so if the building is left empty for a long period of time it might attract unwanted attention or lead to damage occurring. For example, a property left empty over winter could start to accumulate damp and water pipes could become frozen, resulting in bursts and lasting damage.  

Also consider the properties condition. Is it already in a state of disrepair? Would it cost a lot of money to fix up and do you have the funds to do so if needed?  

Consider the legalities 

Think about how you have inherited the property and the type of paperwork that will need to be filed. Having a copy of the will to hand will help you understand exactly what you have inherited and how.  

You can request a solicitor gets involved and clearly explains the will and conditions of inheritance to you so that you know exactly what you are getting into.  

If the property were in debt when the deceased passes, you might not be inheriting as much as you might think and would have to pay off the debts on the property before it becomes yours.  

Also, if you decide to keep the house and already own your own home, you’ll have to nominate one of the two as a second home and make your local tax office aware as you can only receive relief from capital gains tax on the home that you consider to be your main one.  

Other options 

If you decide you want to sell the house, then you will need all the necessary paperwork to do so and will still need to have the property valuated by a surveyor. You will receive the money once the property is sold, minus any outstanding debt and unpaid bills.  

If you want to keep the property but can’t afford to run two homes, consider becoming a landlord and letting out the property. This way you will have full ownership but will receive monthly rent to help offset the costs of owning two properties.  

You can also decide to keep the house in the family and add the property to your will and allow your children or grandchildren to inherit the property once you pass away. 

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post What Do You Do If You Inherit A Property? appeared first on OpenBusinessCouncil Directory.

Investing in student property in the private rented sector is potentially extremely profitable. Robust returns and excellent rental yields can be obtained as universities are lacking the relevant funds required to build or maintain their own housing. This has led to a severe shortage of student accommodation across many parts of the UK, helping rents in this sector to soar.

According to a report by Savills in 2017, investment in student accommodation was predicted to rise by 17% during the same as well as an increase in investment from 2016 to £5.3 billion by the end of 2017.

One major question circulating is how the will result from the EU referendum and the slow withdrawal of the UK from Europe affect the demand for university spaces and numbers of UCAS applications? Despite the general level of uncertainty surrounding the Brexit vote, figures of overseas students moving to UK universities to take advantage of the premium facilities, high quality education and the favourable exchange rate is progressing rapidly.

Providing you know what to look for regarding location, market value, the type of student accommodation available capital appreciation and rental guarantee, demand for student property increases when the proximity to a high-ranking university is within proximity. Although, there are a few factors you must consider before embarking on your next student property venture.

Excellent Returns

Considering a buy to let investment opportunity in a university town is a step in the right direction. However, it is essential to search for a location that produces the best returns.

A total of 564,190 people applied to attend university in the UK’s 2017 cycle, and of course most require convenient accommodation. Consequently, this raises the demand for properties in bustling university cities, combining this with a letting period of one academic year means that landlords have less stress trying to find new occupants, keeping void periods to a minimum.

Aiming to achieve high returns, you must consider your target tenants and the standard of accommodation they desire. For example, they may require wi-fi throughout the build, access to an onsite gym and modern furnishings. RW Invest, property specialists based in Liverpool, offer a diverse array of buy to let opportunities in numerous hotspots across the UK that cater for the increasing demands prevalent in the student market. They offer luxurious living while providing high rental yields and unparalleled potential for capital growth.

Affordability

Investing in property has certain risks involved. It is imperative that you carry out the appropriate research and prepare for every eventuality when it comes to calculating what you can afford. The process of acquiring a buy to let investment is like buying your own private home. You will need to take the same budgetary requirements into account, including mortgage costs, deposits, legal fees and stamp duty land tax.

One major thing to consider is potentially affording multiple mortgage outgoings, from your own mortgage and the buy to let, often without any rental income which will help offset the costs. Void periods can become costly and are most of the time unavoidable. Often you will face scenarios where there are no tenants renting the property, therefore you must have financial strategies in place to cover the costs during these periods.

This is an article provided by our partners network. It might not necessarily reflect the views or opinions of our editorial team and management.
Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post What do you need to consider when investing in student property? appeared first on OpenBusinessCouncil Directory.

So, you are considering applying for investment property loans and flipping a home. This is good news, but flips, even the easiest ones, can quickly break the bank and lead to additional financial problems. Here are three easy-to-remember tips for flipping a home as cheaply as possible.

Plan a Realistic Budget and Timeline

Planning is of the utmost importance when flipping an investment property. Real estate investors who haphazardly approach the flipping process will almost always exceed their initial budget. This can be a major disaster, but by carefully taking the cost of contractors, subcontractors, architects, engineers, and permits, as well as any applicable holding costs into consideration, you can come up with a highly realistic cost project.

Don’t Make Too Many Improvements

Over-improving a property is one of the quickest ways to throw money down the drain. Over-improving occurs when an investor incorporates too many expensive upgrades and fixtures into their flip, causing the property to be valued at a much higher price than homes in the surrounding neighborhood. Buyers searching for a home in a neighborhood that contains primarily $400,000 homes are not likely to spend $600,000 in such a neighborhood when they could spend the same amount to purchase a larger home in a more prestigious area.

Avoid Homes That Require Expensive Repairs

It can be hard to find a perfect home to flip at a bargain price, and more than likely, you will have to purchase a home that requires some improvements. However, all improvements are not equal, and some are exorbitantly more expensive than others. A few broken windows or simple plumbing problems are far less expensive to fix than homes with:

• Foundation or structural damage
• Extensive water or fire damage
• Termite damage

Roofing and electrical issues can also break the bank. If possible, always inspect investment properties before actually purchasing them.

This is an article provided by our partners’ network. It might not necessarily reflect the views or opinions of our editorial team and management.

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Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

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