Real estate investors live and die by their ability to add value. With no added value, there are no profits. This is true with any business, but what makes real estate such a great business and a great investment, is the number of ways you can add value and cash in on big profits. Here are three ways you can add value to your properties.
Upgrades and Repairs: OK, this is the obvious one and is the reason fix and flippers can make money. Some repairs add a lot more value than it costs to do. The more creative you are with the improvements, the more value you can add. For example, I have a client that adds square footage to every house he buys. He really likes the inner city properties because they are the hardest to add square footage. You either need to finish an unfinished basement, or add a second story. There is not typically enough land on the lot to add an addition by increasing the foot print of the property. This client does a lot of basement finishes and “pop tops,” but where he has made the most money is the basement that is only 5 or 6 feet deep. He will go in and dig out the basement to a full 8 or 9 foot height and then finish it. Something most investors would not think of, so he is able to get the deal most other investors pass on. I have also seen some investors find houses that don’t really fit into a neighborhood and they make them fit. This could be limited bedrooms or bathrooms or funky floor plans. All of that can be changed. Obviously many cosmetic fixes like kitchens and bathrooms add a lot of value too. There is a lot more to it than this, but the idea is to buy a property at its true ‘as is’ value, (don’t over pay), and then add value with the repairs and upgrades.
Owner Finance: I love this one because it is so easy to add value with very little to no work. You will need to wait to cash in on your profits, but it is a way to increase a sell price significantly. You can also use this strategy to defer tax gains over a few years, instead of taking a big hit all in one year. When you have a property for sale there are a limited number of buyers for the house, although right now that pool of buyers seems pretty big. If you can increase the pool of buyers, the demand for that one house increases, which forces the price to go up. Someone that cannot qualify for an ordinary loan, limiting the supply of houses to choose from for that buyer, will likely buy your property. That also increases the price. You are adding value by giving them the chance to own a home that they normally would not be able to own. For this value, you should be compensated with a higher price and a decent interest rate on the profits, while you wait for the buyer to refinance and pay you off in full.
Shared Units: This is one area of real estate that I have not dabbled in, but it is extremely inviting. The idea here is to sell your property to multiple buyers. You are seeing this a lot in resort towns. It is always a vacation or second home. Have you ever been to a time share presentation? They are pretty enticing aren’t they? About 13 years ago my ex wife and I were in Florida and got sucked into a time share sales pitch. We decided to go because they offered us free tickets to Disney. We sat there for about an hour and a half and then the hard sale came. They were very good at selling the “idea” of the time share and had my ex wife sold. She asked me to move forward with the deal, but I could not bring myself to do it. I told her that I was not comfortable with an emotional purchase and that we needed time to think it through. “Can I please have our Disney tickets?” was my response. As we rode back to the hotel that afternoon, I started thinking about the math. Each unit can be sold to 52 different people because your purchase only gets you 1 week a year. Add that to the annual maintenance fees and the numbers are staggering. I know people who have flipped time shares successfully, because you can get them for free or near free on Craigslist, but it is not an investment I was interested in. With that said, I have considered doing a half or quarter share on a house in a ski town in Colorado. In this scenario, you are sharing a house with 1 to 3 other people so there is a ton more flexibility. You can use or rent out your weeks and you can be guaranteed valuable high demand weeks every year. It is a way to get a second home without the full expense. From the seller’s point of view, it is a way to get more for the house. ½ a share of a house is going to cost the buyer more than ½ of the fair market value. I have seen business plans from investors that would buy a house and quarter share it out. The idea was that after they improved the property and sold ¾ of the house to 3 different buyers, they would own the last ¼ free and clear. Obviously this strategy will work best in areas where people want second homes. The downside is if there are any improvements or major issues. I can see there being disagreements, so this is something you would want, as a buyer, to work out with all the other owners in writing before you buy. Searching for a top-noche internet marketing services visit http://hartcoremedia.com/
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Reason, Why Many People Consider Hussain al Nowais to be the Top UAE Chairman
The leadership of the company affects its rate of growth. Both public and private institutions should invest in having the most capable chairman. The plan is to appoint the chairman who will inspire innovation and positive change in your institution. One of the top UAE chairmen is Hussain al Nowais. Therefore, you may wonder the qualities that have made him reach the top. Here is why Hussain al Nowais is the best UAE chairman.
The leading factor, making Hussain al Nowais, the best UAE chairman, is having the right educational skill. To make it easy for you to get to the top you need to invest in quality education. All institutions will use the academic qualification as a measure when appointing their chairpersons. The idea is to work with people who have received the training to perform the tasks required by the organisations. The academic qualifications are therefore the prime factors causing Hussain al Nowais the leading UAE chairman. He has the educational expertise in directing the company to accomplish great things.
Experience is the additional quality making Hussain al Nowais the leading UAE chairman. To lead an organisation, you need to have years of experience. Many institutions will look to appoint a chairperson who has been on the field for many years. The plan is to find persons who have the expertise in leading the organisation the right way. Thus, they have acquired high problem-solving skills and the ability to persevere until they get the desired results. Many people recognise Hussain al Nowais as the top UAE chairman for having the high level of experience in both public and the private sector. Thus, he has acquired the practical knowledge to guide the institution on the right path to success.
The passion for work is the other reason why many people recognise Hussain al Nowais as the top UAE chairman. You need to become passionate if you desire to become successful at your work. The top organisation have people who love working for them. All employees know their roles in the organisation and are committed to delivering exceptional levels of services. Hussain al Nowais is among the most passionate chairpersons in UAE. He is committed to offering his very best efforts when serving people. Thus, why he can deliver exceptional services making him a remarkable leader.
Many individuals look up to Hussain al Nowais for inspiration in their careers and personal lives. Many people see him as a symbol of dedication and passion. Therefore, why many individuals will name him as the best UAE chairman.
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The Journey Of The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of Abu Dhabi. When His Highness Sheikh Zayed bin Sultan Al Nahyan took over power, he moved back there together with his family. During this time, other families also returned to Abu Dhabi.
Hussain al Nowais was able to complete his high school education in Abu Dhabi. Hussain al Nowais studied Business Administration in the US after completing his high school education. On completion of his studies in the US, Hussain al Nowais joined the family business. The family business of Hussain al Nowais’ family started as a trading organization.
The family business was able to grow in manufacturing and distribution through his contribution. Before Hussain al Nowais started any partnerships, he was first an agent to the companies. The supply of electrical equipment to one of the government departments was one of his big opportunities.
With the skills he acquired doing business, Hussain al Nowais started focusing on the acquisition of failing companies. Under his management the failing companies were able to make a profit and grow. He focused on the food business and started restructuring them and this is what made them successful. Recession-proof industries such as the food business is what attracted him to do acquisition in the food businesses.
Hussain al Nowais was able to turn the failing businesses into successful businesses by putting in place a qualified management team and setting up the infrastructure of the business. The success of the businesses came about because the IT system was improved alongside other measures. Hard work and new ideas also contributed to the success the failing businesses.
The businesses that they took over required a lot of commitment and dedication and they were able to do this to turn them around. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. Hussain al Nowais has been on the forefront of trying to make improvements on UAE business practices especially when it comes to investment opportunities during trading.
Hussain al Nowais enjoys growing companies because he likes the challenge of turning failing companies around. Through working in the UAE, he interacts with different nationalities this gives him a better appreciation of the cultures that are around. When he can, he likes to spend his time with his family.
He also likes to read a lot and has a huge library in his house. When he can, he is likes to travel and relax. Hussain al Nowais likes to challenge his children to keep growing in the activities that they do.
What You Need To Know About Hiring A Chairman.
The chairman is the highest officer of an organized group like a board, committee or even an assembly. In most of the cases, they are nominated or rather appointed by the group members according to some criteria. In most of the cases also, they are supposed to serve for some given time. The criteria or things that they consider when appointing a chairman are different but there are those ones that we can all agree on. Their main job is to make sure that the meetings are in order and runs smoothly o that an agreement is reached. Their long-term job is to make sure that the interests of the investors are protected by ensuring that the profitability and the stability of the company is maintained. There is also some sort of a boss that the other executives answer too and this is just an example of how important they are to nay organization.
This shows just how important they are and that means that choosing one should be something done with a lot of care because a lot will depend on the choice that is made. Of course a number of people are usually listed and then they are vetted to see who suits the sit best. Among the things that are and should be considered is the experience of the chairman and the kind of training that they have. Among the obvious ones that will most likely be considered is the training that they have and the amount of experience that they have. If it is in a business setting then the ideal one would be the one that has some certifications in that area because they are supposed to govern in a place that they know so much about. They are actually supposed to know a little more than the executives that are below them because that is the only way that they are going to be actual leader.
If you take an example of one of the greatest chairmen of all time, Hussain al Nowais, it is clear that he is qualified and also has some experience in that area. The long time that Hussain Al Nowais has been doing the leadership thing has equipped him with the leadership qualities that every chairman should have. Most of these leadership jobs gets better with the amount of time you spend in them in most of the cases. The success of the meetings and everything will depend on his ability to enforce the law, his patience, his sense of judgment and the qualities and qualifications that he has and therefore these are things that should be considered. This, plus his sense of judgment, his patience and his ability to enforce the rules and the law in general are the things that will determine the success of the meetings and should therefore be considered. His ability to enforce the law, patience, and his sense of judgment are things that will determine how well he gets the job done and should therefore be on top of the list while looking. Among the many goals that any company has is to excel and some of these things will depend on the decisions made which in turn depends on some of the key players like the chairman.
Hussain al Nowais is serving as the chairman and managing director at Emirates holdings in Abu Dhabi. Being a global industrialist and a renowned business strategist, he has a lot of experience in different sectors such as the banking sector, construction, real estate and investments among others. Because of the experience and skill from the various sectors in business has become someone to look up. He has been an inspiration to many and there are many important lessons that people have drawn from him.
For example a CEO, vision is very important for any leader. As a leader you must be able to have full knowledge of the business from the inside out. Where the company is headed and where it ought to be is something you should know. It is only at this point that you will be able to guide their employees under them and how to handle things. It is vision that dictates the decisions that should be made and the course of action to be taken in every situation. As of direction is achieved by the company and everyone in them.
Another important quality is that one must be accessible and approachable by everyone in the company or business. What has taken over as the approach not is the open-door system. This simply means that anyone can be able to approach leadership without any hindrances and share their hearts and mind concerning certain things that could be troubling them.
One other important quality is respect. If you want people to respect you also have to respect them because respect is one thing that is two-way. It is always good to respect your employees even though they are under you and under your command. This is very important because instead of commanding respect you and your respect and peaceful coexistence is fostered between you and your employees. You will be a good example to employees and they will emulates these when relating among themselves.
One thing that has also been pointed out is learning from people even as you scale up the ladder. Those people around us always teach us something for instance even those who are below us for example employees. As you scale up the career ladder, it is important that you continue learning from people and not to despise anyone. Make sure that you apply and put into practice whatever you learn so that it may transform you and seems to be knowledge.
But not least, it is important to be true and honest with yourself and others. Be true to others and they will also do the same for.
Qualities That Define a Good Chairman
The role of the chairman has become high in profile and the expectations multiplied over time. Shareholders and directors require to have a chairman that is passionate about his job on governance of the company and also very active in his roles. The success of a Chairman like Hussain al Nowais depends on how good his relationship with the chief executive is. Their relationship should be honest, transparent and they should be able to trust one another. They both need to recognize that they have different duties for them to work harmoniously.
For a chairman to be effective, he should have good knowledge about the business he is in. A good chairman should provoke positive challenges to the directors to improve various areas of the company. Whenever he needs information on particular issues, he should be able to ask the right questions. For a good chair to know the progress of the company, he should be accustomed to the mission and goals of the company. He should be able to offer guidance to the organization while still helping to secure external resources outside the organization. It would be very disappointing if the chairman does not realize that it is not his job to run the business but to ensure that it is running well. Support to the organization is his primary role.
A chair is required to just put in a few hours if his time to carry out his duties. He should not be involved in too much of the organization’s work either. However, he should interact with the staff, customers, and investors from time to time. An experienced chairman should be able to understand other people’s feelings and also the company. A great chairman is defined by the ability to unite the directors and shareholders of that particular organization.
If the company runs in a crisis, the chair is supposed to intervene quickly and offer necessary guidance on how to deal with the menace. He should be able to think about the long-term goal of the organization while bearing in mind the mission of the organization. A good chair should always be selfless when problems arise until they are well resolved.
A good chairperson knows when and how to step down from an organization. He suddenly does not step down from his position without any warning. He is careful enough to hand in his resignation letter and inform the management team at least six months earlier. This will allow the company to have enough time to look for a successor. The outgoing chair should take a few days to introduce his successor to the senior member of the company and pass on any relevant information.
Considerations of Being a Successful Businessman
To become a business personality one has to ensure that they spend a lot of time engaging in networking events, attending conferences and seeking the advice of mentors on different areas of their business interests. Among the ways that someone can ensure that they start a business is ensuring that they gain information about the dynamics of life that can ensure that they have a business idea which can also be inspired by nature. It is important to ensure that you exclusively learn about a given topic to ensure that you have the right foundation to start a business or move it to the next level.
Becoming an entrepreneur is a challenging endeavor learning the necessary skills is also difficult but also important and having enough energy as well as a big personality, absolutely not afraid of failure compared to their dream goals and have huge appetite for risk. Here are some tips that can be used by upcoming entrepreneurs to ensure that they find it smoother to establish themselves to grow and flourish as future business gurus.
When starting your journey to entrepreneurship, it is important to ensure that you consider setting the right environment to grow your business and have the right friends who have positive attitude towards business too. One of the benefits of ensuring that you are in the right company is to ensure that you inundate your mind with a lot of business ideas and in the process you find the best that you can pursue. When engaging by sharing business ideas, you ensure that you can identify your true passion and by starting a business that is in line with your passion you ensure that you have more persistence in the venture when business is not smooth.
Another important tip that you should have in mind is ensuring that your reality is that everything is possible as long as you are ready to pay the price for it. From the skills that you have learnt over time it is important to ensure that you consider giving your best to ensure that you attain your goals despite the challenges that might come your way in the process. When you are ready to pursue an opportunity set-off and you might be amused by the opportunities that you will see along the way.
Another important tip that you should highly consider is ensuring that you are obsessed with learning to ensure that you are continuously soaking information that is helpful of or your business growth.
When starting a business it is important to ensure that you carefully handle your customer’s with respect and desired customer service level to ensure that they are not annoyed of the business products or services, but rather create a positive impact to capture their attention.
Advantages of Philanthropy
Engaging in voluntary activities is one of the most fulfilling activities that one can ensure they engage in and to ensure that they make the best or the role they are taking since they do not expect anything in return when carrying on the activity which influence them to offer the best. By improving the lives of many people philanthropy ensures that the lives of a lot of people is warm and they live at better living standards. It is important to ensure that those who have a lot of resources in the society share their gifts with the have-not to ensure that the humanity acts reminds them that there is a change for them in the society and some of the most effective philanthropy projects are run by big business companies. Despite the fact that helping the less privileged in the society on matters concerning education, health and income generation projects should not be of interest to the business, there are a number of advantages that a business can learn from the practice.
One of the benefits of philanthropy is that it ensures that businesses can give without expecting in return which ensures they have a nice feeling for their deeds. The act of giving without expecting something in return ensures that they feel better at helping those who need something that is not critical for them and ensuring that they improve other people lives. When a business engages in activities of helping the less privileged they ensure that they more pleased on how they spend their surplus resources at improving the lives of people with what they value in life.
It is also important to ensure that you create some networks and have some contacts that you can get during philanthropic activities. When carrying on philanthropic initiates you network a lot and in the process you learn of both life and business hacks that you can use to improve your business strategies and also pushing the philanthropic initiative to the next level. Additionally, one can benefit from philanthropic activities by creating helpful links in life since the spirit of assistance is nurtured during working to create an impact to the society in a positive way.
Philanthropy also ensures that we learn important skills that are necessary for life. The same way business is based on solving some markets needs over time philanthropic activities are based on the same concept where they ensure that they help people in need without expecting a reward and as a result become more creative at solving some life challenges.
Some of the Important Things That You Will Ensure That You Have the Right Construction Company.
There are important rooms in your house, and they may require being constructed in the right manner as everyone will use them. The kitchen, as well as the restrooms, need to be reconstructed from time to time as they wear out due to the number of activities that happen especially when you consider everyone in the house will use the facilities. You need to ensure that you make the necessary repairs from time and again to ensure that all the fittings are working in the right manner.
Some of the important things that you will benefit from when you consider hiring the right owner construction company to carry out the remodeling procedures at your commercial sectors. If you did your research, you would notice that professionals keep on changing the countertops and cabinets now and then.
You should also ensure that your restroom has a great look by boost aesthetic. This procedure plays a very great role in ensuring that your washroom looks attractive always. You will need to ensure that you settle for fittings that you will be able to use with ease. The need to also have features that are adapted to the modern way of working out things.
If you would like to change the overall features of the bathrooms, it is important that you let the experts know. For instance, if your bathroom floor does not have tiles, then you might want to have it remodeled and the tiles to be installed. You should not forget about the showers as the renovation is being done because everything might look a little bit weird.
You do not need to forget about renovating the bathtubs with modern features that make them look even more appealing. This step will require you to hire professionally skilled experts who will listen to what you would like renovated. Some contractors are not experienced and may not know to work out this. There is need to use the tips offered by experts so that you can find a highly skilled professional.
You, therefore, need to settle with Anton Kalafati for all your remodeling construction needs. If you need restroom remodeling for the commercial or residential place, then you can as well rely on this company for all of that. If you are running out of cash but need remodeling to be done, then do not look further but to hire these companies. The contractors will advise you on the most vital areas that need renovation.
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Factors To Consider When Hiring The Services Of A Construction Company
The qualification and experience of the constructor of the company you are planning to hire should be your first consideration. Hiring the services of someone who is capable of doing quality work is the desire of majority people especially when hiring the services of a constructor to work on the houses.This can only be achieved by acquiring the services of someone who is well qualified and has a wealth of experience in construction industry. It is without a doubt that whenever someone wants to do construction the person who comes to their mind is Anton Kalafati due to the wealth of experience he has gathered over the past decades. This is vital because when you acquire the services of someone who has the best qualifications to do the job that you require the job will be done perfectly and you not have to worry the kind of job which will be done.
You need to ensure that you know how the contractor has worked before and the level of satisfaction of the past client. It will be quite absurd to wake up one morning and how the services of an individual whom you have no clue how he has worked before or even how he discharges his responsibilities. It is therefore important that before you hire a constructor to work on your building you gather information concerning his past working experience and how satisfied the clients you work for while. The best way to do this is by inquiring from the previous employers of the constructor on how well he does his duties and how satisfied the clients were after the duties were discharged. This will give you the information that you seek before you hire the services of the constructing company.
One of the most vital factors people consider whenever they want to purchase a good or hire the services of an individual is the aspect of cost. Hiring the services for constructing company is the same as buying a product hence it is important that you consider the aspect of cost. Many people have a tendency to incline towards the belief that for one to acquire services which are of great quality they have to part with a lot of money. This should not be the case when hiring the services construction company since the company that you’re planning to hire it services is supposed to charge reasonable amounts of money and that at the same time offer great quality services. It is important to note that high prices is not directly proportional to quality services. The amount of money or the prices the constructing company you are planning to hire should not be high but rather affordable.
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