Category: Property & Developer

Property Investment Vs Property Speculation

home13

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.

Outstanding Services Of The Painting Contractor Cleveland

home3

Whether it is your kitchen, dining room, living room, basement, garage or any other room in your home, you can get every repair, renovation and painting work done with the help of specialized services of a painting contractor Cleveland.

Varied Services To Avail

You can get any major or minor painting or renovation work done by the professional painting service. Without disturbing your routine work, the expert painters accomplish the painting job skillfully. They work for the maximum number of hours by making minimum noise to complete the task.

Painting for aluminum siding, drywall repairing, carpentry, masonry work, chimney repair, step repair, renovating interiors and exteriors, exterior and interior painting, window replacements and installation, roof repairs and roofing, gutter cleaning and installations, commercial and residential painting, repair and installing ceramic wooden and other kinds of flooring, hourly handyman services, cleaning stained and dirty roofs of moss, streaks, dirt etc. and various other jobs.

Check Out Online And Offline Reviews

The best way to find out if the painting contractor is good or not, is to look up reviews as well as testimonials. If the painter is a good and reputed one, then you are sure to find some of the most excellent references posted on the web and also offline. Such companies feel extremely proud to offer specialized painting services since years together to their old and new customers both.

In fact the painting contractor takes great pride in posting the reviews on their website on a regular basis. It is the quality of references which says a lot about the painting company. Just by reading a few of the reviews you can ascertain whether or not the company is one of the most sought after ones.

Outstanding Service

If there is any rectification work to be done then all you need to do is make just one call and the experts will be present the very next day to do the rectification. This just indicates, the outstanding service provided to all customers who are more than ready to recommend the company.

The painting contractor ensures that the service vans have a special professional marking and the best of materials. However, if the customers desire to use any specific products of their choice, then the house paintingcontractor Cleveland would also be very happy to work with them as well.

Earning Pdu Credits – Information For Independent Contractor Pmp

home8

Depending on how they earn the professional development units, pdu, required to renew their credential, they can continue to bear high costs. By utilizing more of the available credit earning options, costs can be lowered.

Many project pdu managers earn the 60 renewal credits in each 3 year cycle by attending courses. These tend to be relatively expensive. Typical tuition fees for project management courses are at least $250 per day. Often, tuition is $500 per day or higher which represents a per credit cost of between $30 and $70. Along with the useful knowledge, credential holders gain 8 credits for an 8 hour course. Of course, an independent consultant would lose the billable hours, worth perhaps $800, while they attend the course. Seminars and workshops also provide renewal credits but have costs similar to course tuition fees. Again, the independent contractor loses billable hours.

Luckily there are other, less costly ways to earn credential renewal credits. Reading project management materials in journals or on the Internet earns 1 credit for each hour of activity. This is a great way to research topics and get significant credits. Up to 15 credits can be claimed in each 3 year renewal cycle. The costs can be low or free and the time is well used, usually not resulting in a loss of billable hours.Working as a project manager also counts for up to 5 renewal credits per year. Independent contractors will have to document their actual project time to claim these credits. This should not be difficult since it is likely a professional obligation already.Attending the local PMI? chapter meetings is an excellent way to earn renewal credits and strengthen local business connections. The credits earned in this category will cost perhaps $14 each. Considering the possible future value of the business connections, this is often money well spent.

Other inexpensive renewal credits are available. Volunteering to serve on a pdu board or providing project management services to a non-profit organization are recognized activities. Unfortunately, these often require a substantial investment of time. Independent contractors would likely use their free time in order to avoid a loss of billable hours. There would be possible business contacts to gain but the time commitment would need to be closely examined.Independent contractors would be well advised to consider certain writing activities for their renewal credits. Perhaps an existing blog post or a project review document would be useful as a good starting point for an article. Up to 15 renewal credits can be claimed for each project management article published in a journal. Combining various materials can help when working on an article.

Until recently, there were few publishing pdu opportunities as many journals had very restrictive submission policies. Luckily this situation is now improved. Project management journals now exist that welcome article submissions. Independent contractors will find that writing articles for these publications offer some of the best value for renewal credits, both in dollars and time.

Interviewing Your Contractor

home4

Before you even consider calling a contractor, you need to know exactly what you want him to do. First of all, go online and see what is available in your area. You will want a contractor that is easy to reach, and if you have to leave a message, how long will it take him to return your call.

Then make a list of the projects that youll want the contractor to tackle. If the list is long, try to narrow it down to the essentials. Then pick four or five local contractors and give them a call. Ask each one similar questions so you can judge the one that seems the most honest, qualified, and reliable.

On your list write the contractors license number, workers compensation number, and bond number. Dont hire a contractor until you have those numbers in hand and contact the agency to see if his licenses are still valid or have they expired? Does the contractor have a printed contract with his name, address, phone, and license numbers?

Is the contractor qualified and has he done a job like yours before? Does he have references, and can you contact them? How long does he estimate that the job will take to complete and when can he start? Keep definite dates in mind, but allow for a bit of leeway.

Now that youve narrowed the list down to two or three, contact the contractor again and ask for an interview and a price quote. Make a note if the contractor arrives on time, or if he runs late, does he call you to let you know he is running late. If a contractor fails to do that, forget about him, and go on to the next one.

How and when does the contractor expect payment? There are laws that state how much a contractor can collect as a down payment. Make sure you know the law and hold the contractor to it. For instance the law forbids a company from taking over 10% or $1,000 as down payment.

Before you sign on that proverbial dotted line have the due dates written on the contract. For instance, the second payment may be due when they deliver the material. There may be additional payments with the final due when the project is completed to your satisfaction.

Does the contractor hire sub-contractors? If so make sure they get paid. Otherwise if the contractor does not pay the sub, they can come back to you and demand payment or put a lien on your home.

Be cautious, but not demanding, and when they start the job stay out of their way and let them do their job.

Why You Should Consider Using A Property Consultant!

home7

Property consultants work within the industry day in day out, and can provide you with detailed insights using their professional experience, and knowledge. There are numerous ways that a property consultant can be of use to you.
It is more than likely when looking for a property you will come across severable that you find suitable. Optionally you may find that your choices are limited or perhaps not in the location that you most desire. In any of these cases a property consultant will be able to help you narrow down your search or perhaps suggest alternative locations and properties that you might not have initially considered. This is where you will initially start to see the value of your chosen property consultant. They will ask you a number of in depth questions to help establish and your needs, wants and desires as well as any concerns that you may have. Questions such as number of family, pets and local schools are all common questions that help establish the type of property you may be looking for as well as the obvious one of the amount youre looking to spend. If you are a business looking for an office, a property consultant can help you find a suitable sized property in an area that is close to customers or perhaps key clients.

Once youve decided on the suitable property, they can also help you with negotiations which there will inevitably be. Allowing somebody neutral to perform the negotiations will certainly alleviate you of the high stress levels that are almost guaranteed when dealing with the kind of levels of finance involved in property. Your property consultant should be well aware of the market value of your potential purchase. The money you could save would certainly be worth the fee for their consultancy and it would also save you immeasurable levels of anxiety also.

The actual process and final purchase will also be smoother with a property consultant as they will have a plethora of contacts and will know the suitable personnel to perform a thorough job while also making the process as quick as possible.

It is quite clear that although with some research and plenty of time on your hands you could easily go without a property consultant; however with people living such busy lives these days, often working over forty hours a week, thinking you can do it yourself might actually turn out to be a false economy, not just financially but for your stress levels also.

Secure your job as an IT contractor Accountants and make money

home20

Today you have many types of jobs for you to choose from. You can be engineer, IT professionals, Tax-persons etc. Nowadays you can be IT contractor Accountants, engineering contractor, Project Manager Contractor, etc. A contractor is one who works for somebody else on a project for a fixed period. There are several reasons to be a contractor. If you join a company as a contractor you will get the various benefits like financial freedom, a fixed amount of pay, more independence and true success. Contractor jobs are far better than the permanent job as your success and failures depends only on your own performance. Neither you can blame anyone for your failure nor appreciate others for your success.

IT Contractors Accountants also give advantages to companies in several terms. If a company gives contract work to these contractors then it is less expensive for the company because the company is not required to pay any type of allowance like holiday pay, insurance, conveyance allowance, etc.

If you are much confused in choosing IT contractor Accountants jobs then underneath points will definitely help you:-

This contracting job gives you full freedom of choosing where to work and when to work.
You do not have to work under any observation. You are the boss of your own.
Money is more important for every person. This contract job let you to earn money than a fixed pay employee.
This contractor job is more beneficial as you will work by focusing on your task only whereas in permanent job you are pull out in several other directions to do work.
It allows you to understand different work cultures and understands several organizations deeply.
It is the type of full enjoyable job.

Now, if you decided to work as the IT contractor Accountants then you can select from two categories of options to work as:-

Umbrella

The contractor will be an employee of the umbrella company. You are not worried about any paper work but you have to fill your time sheet and get paid. The company will pay some expenses such as travel expenses, hotel expenses, etc. However a demerit such of Umbrella Company is that the contractor gets 60% to 65% of their contract.

Limited Company

You have to open your company and you will get 75 to 80% of your contract. The demerit is that you have to do lot of paperwork.

About Author:

Accountancy Managers is a leading firm of chartered certified accountants in London. They are committed to offer best services for IT contractor Accountants and other type of business and personal accountancy services.

Roof Contractor – Guarantor of Your Home Roof

home7

As a homeowner, you should have essential information and get perfect services needed to complete the residential roofing section. It is better that you should contact the roof contractor who has roofing experience from building projects. They offer number of the residential roofing advantages and price guarantee service. They maintain the natural look of the house as they choose the roof product which contrast best with your home color and home material. There are number of the roofing products available as they are experienced person so they know better which one will be the best for your home location and look best with your home style.

The shake-look design with the contrast colors can be designed by them according to the shape of the house and provides unbeatable protection to your house. The requirement of the roof product varies to the shape, size, and style of house. The roof product used for the roofing solution totally depending on the location and different environmental factors around the home as the feature and quality of the roof products are different. Some of them are resistant to wind, water, algae, and other products are resistant to heat. So first roof contractor understand your requirements and then accordingly guide you and gives roofing solution. With their service you will get completely satisfied and get the cost effective roofing solution.

Different roof products like Armourshake, crowner slakes and marathon ultras are roofing solutions for different styles of homes and location. For warm areas, the Arm our shake roof product is best as they have ability to deflect harsh sunlight. It can protect your home from fierce elements of environment and are available in different colors. As if you contact any roofing solution company, then you get the matching color roof product for your home as they manufacture contrast color to meet your requirements. If you want extra security of your home from fierce elements of nature, then they suggest you to use premium-roofing material.

This roofing material is made from the advanced technology and is stabilized with good materials. They install the roof product in such a way that it providing your home natural look with the protection. The roofing contractors cut it according to the shape of house and cover all doors and windows. Peace of mind is guaranteed with installation of roof product as the best roofing solution protect your home from hail, wind, and extreme heat.

Author Bio:

The writer is an expert in the field of Home Improvement industry with focus on roof contractors and roofing contractor

Reviews on an Android app developer

images8

When you want to determine if an Android app developer is going to live up to all your demands, one of the first things you need to do is conduct a little research on your own. The web is the best place to find all the information you need about the iPhone app developer and you can take all the time you need to read all the details you will find.

The web is also where you can find the truth about an Android app developer. You are not the only business owner that seeks to market his company with the help of an application for smartphones and each experience they will share over the web will be a great source you can trust to find all the details you need about the iPhone app developer.

All the users that share their own experience over the web are people just like you who want to use all the means they have at hand in order to find success. If they have a bad experience with an Android app developer and they offer a lot of details about it, you will be sure to avoid that one and you will need to look for other sources instead.

If you find a lot of reviews that display an iPhone app developer as a great choice, then you can be sure this is the one you can trust. An Android app developer who always keeps the interests of the client at heart and puts in all the efforts needed in order to offer a result you can count on is a provider you are sure to offer what you are looking for.

But the job of the iPhone app developer is not over when the job is done and the application is finished. You need a lot of training in order to be sure you will use it properly, you have to learn all the features it has and all the things you are able to do with them and you will also have to correct any errors that might show after you use the app.

The reviews you will find over the web about the Android app developer are also the ones that will offer the truth about this experience as well. So if you want to be sure you no longer have any issues with the apps you use in order to make a name for your business, you need to find the developer that is the target of the most beneficial reviews. When you want to find an Android app developer or an iPhone app developer you can trust, the review you will find over the web are the best tools you can use to make up your mind. The site named afore is the target of a lot of beneficial reviews and it will be one of the safest options you can try in order to develop your own app.

Leveraging Property To Buy Property

home9

Many lucky homeowners are using equity they gained during the recent bull market in real estate to purchase second homes. Leveraging one property in order to acquire another can be a solid investment strategy, as you increase your investment portfolio one step at a time, and one house at a time, by using each new asset to help pay for another one.

Banks will normally scrutinize credit reports and income documentation more stringently when you borrow to buy a second home, because they want to make sure that both of your mortgage obligations can be paid each month without a problem. And they may require larger down payments and charge slightly higher loan fees or interest rates than they did when you bought your first home. Nevertheless, many homeowners find it easy to qualify for new loans, and this is especially true for those who maintain excellent credit ratings. With the potential to profit from your purchase through equity appreciation, the repayment of a second mortgage is often easier than it was for a first mortgage.

For those who plan to use the second home as an income-producing property, there are also available tax deductions. As a landlord, you can usually deduct such things as repairs, utilities, and even routine trips you take to visit your property and check on its upkeep. Many investors combine their use of the second home, so that it is rented or leased sometimes, and at other times it is used as a personal vacation home. When you arent making money by leasing it to others, you save money by not having to pay for hotel lodging at vacation time. A qualified tax planner can help you find all of the various tax advantages to spending your vacations in your own second home.

When applying to secure a loan for an income producing second home, it is a good idea to present your lender with a thorough business plan and any documentation that illustrates the practical income potential of the property. If the previous owner made a profit each year by renting it out as a holiday retreat in the summertime, your lender will be more inclined to have confidence in your own ability to manage the property for extra income. One good way to show income potential is to hire a professional appraiser, who can do a market analysis of your property by comparing it to similar income-producing properties in the same area.

Another popular way to finance a second home purchase is by using an equity line of credit based on the value of ones first home. Banks typically charge more interest for these loans, but you are able to avoid many of the closing costs that are associated with originating a separate mortgage. And regardless of whether you apply for a mortgage or an equity loan, you may be eligible for tax deductions of interest payments and other related expenses.

Contractor Expenses

images11

Probably the most difficult and frustrating aspect of contracting are actually finding a contract in the first place. As in life, price does not always relate to the quality of services you will receive. The trick is to always stay positive and never lose motivation. It’s much better to pursue and know the status of things rather than sit around and worry. Finding contractor expenses is a task that can be done by professional contractor accountants.

The contractor completes the actual work, timesheet and submits this along with expense claims to the umbrella company. Usually the fees cost contains 65 + vat per month, this works out at 780.00 per year + vat. Contractor accountants are employed especially for the task to manage accounts, profits, losses and many other things. Every one while setting up a company has a dream of taking their business to the best heights and being successful. And to achieve this, the most important thing is to have a proper plan of action. This makes tasks easy! It also helps in tracking the progress and evaluates ones performance based on certain check points in the form of goals or milestone. There are number of umbrella company services available who take such type of work and do it efficiently for their clients. All umbrella companies use the same PAYE calculations to ascertain how much tax should be paid. Some contractors start out by thinking an accountant is an added expense that they don’t need. If the contract is violating IR35, then the only expenses claimable before calculation of the deemed salary is:- –

– 5% of net sales – Travel and accommodation expenses -Pension contributions -Certain professional subscriptions

However, it must record all business expenses so that it helps us to see the true cost of running the company.

Some of the more common expenses are:- – Company formation – Accountancy fees – Business travel and accommodation – Postage for business – Stationery for business – Business telephone calls – Mobile telephone and calls – Salaries etc

Apart from that some may include: Mileage & general travel expenses, hotel and accommodation expenses and Professional Subscriptions. Food and subsistence is rarely allowed to be claimed because one would eat regardless whether you are working or not. Expenses determine the growth pattern of any business and smooth functioning of operations.

For more information regarding Contractor Expenses , Please visit 123contracting.co.uk

Page 2 of 6«12345»...Last »

Recent Posts

Best Links

Copyright © 2017 Big Estate 224