20Mar/18

Debunking Common Barrier Myths About NY Real Estate

There are many myths about real estate that have circulated around for years. Fortunately, many of them are simply not true. We have all been told that money is a barrier and that your credit follows you every where you go. These myth- even though there is some truth to the sayings- do not always apply to real estate. Real estate has its’ own rules. Many of those rules defy what we think we know about business and real estate. By debunking a few of the myths that serve as barriers for many people at the start of their career, you will find that investing in NY real estate is not so difficult after all.

It Takes Money To Make Money In Real Estate

Most people believe that you need money in order to make money in real estate. When saying this, most people are referring to the need for a down payment on the property and the costs of rehab the property when asserting the need for your own funds. While money is a requirement in order to accomplish those things, you do not have to physically have the money. In real estate, there is a principal called OPP, Tevfik Arif Bayrock which stands for other people’s money. This is a principle that real estate investors live and die by because there are various types of lending opportunities available that will allow you to buy property – with little to no money out of your pocket.

Wholesalers who facilitate … Read More

20Mar/18

A smart person’s guide to financial housekeeping

Be that person who has their financial house in order.

What does it take to be good with your money? You don’t need a qualification or even lots of experience. If you want to be cool when it comes to cash then all it takes is a commitment to some financial housekeeping.

Take responsibility for what’s yours

Good financial housekeeping requires the right attitude. If you’ve got debts they’re yours to clear; if you’re setting savings goals then it’s going to be up to you alone to meet them. Those with financial smarts always begin from the perspective of being responsible for their own financial destiny, no matter where they’re starting out from, whether they need to borrow money or have plenty saved..

Integrate it into your lifestyle

Financial housekeeping isn’t something that you can just do once a week and then forget about the rest of the time – well, it is but if you do that then you won’t be that good at it. The really smart people know that it makes sense to integrate financial housekeeping into all your daily money decisions, from which option to take at lunch, to the calculations involved in agreeing to a holiday that way you can avoid getting into bad habits like using doorstep cash loans.

Learn how to do it on the go

Gone are the days when budgeting had to be done with pen and paper or keeping an eye on your taxes was an annual event. Today, … Read More