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Have you heard that planning for the future is a good thing, these tips will help guide you to secure future!
1. Compare property values and rents
Financial statistics only go so far; the best measure of a property's market value is often the sale prices of nearby properties. The same holds true for area rents. A low price can often be justified by a reasonable rent; renters who can afford a high rent can afford to buy instead, so reasonably priced rent is a must.
2. Pay attention to tax laws
Don't base your tax investment on current tax laws. The tax code is constantly changing, and a good investment is a good investment regardless of the tax code. The right property with the right financing is what you should look for as an investor.
3. Specialize in something you know
Start in a market segment you know. Whether you focus on fixer-uppers, foreclosures, starter homes, low-down payment properties, condominiums, or small apartment buildings, you'll benefit from experience by specializing in one aspect of investment real estate properties.
4. Know the costs before getting started
Know the financial statements inside out. What are operating expenses? What are loan payments? Vacancy costs? Taxes? What does the cash flow statement look like? These are key issues that must be addressed before making a solid investment.
5. Know where your tenants are coming from
If the last rent increase was recent, your tenants may be considering a move. If tenants have a short-term lease, they may be living there simply to attract unsuspecting buyers. It is also important to collect the tenants' security deposits at closing.
6. Assess the tax situation
Taxes are an integral part of successful real estate investing, and they often make the difference between a positive cash flow and a negative one. Know the tax situation, and see how it can be manipulated to your advantage. It may be a good idea to consult a tax advisor.
7. Investigate insurance coverage
If a seller's coverage is based on lower-than-current replacement value, your insurance cost may increase when you pay a higher purchase price.
8. Confirm utility costs
Ask the local utilities to verify recent utility expenses, especially if any of these costs are included in your tenant's rent.
9. Consult your accountant
Taxation is a key element of successful real estate investing, so be sure to find an accountant who is well-versed with the constantly evolving tax code.
10. Inspect
Make sure that you always perform a thorough inspection of the property before buying it. Never, ever buy any property without at least examining the site. In some cases, hiring professional inspectors to examine the structural mechanical system may be a sound investment.
have a great time, and enjoy the experience.
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I find myself overwhelmed by the number and complexity of projects that I have and that need to be completed at work each day? I often feel the day flies by without your devoting the necessary attention to each assignment because other tasks keep landing on my desk.
Have you ever felt that way?
You probably know that effective time management will help you get more done each day. It has important health benefits, too. By managing your time more wisely, you can minimize stress and improve your quality of life.
But how do you get back on track when organizational skills don't come naturally? To get started, follow these tips from the Mayo Clinic:
· Plan each day. Planning your day can help you accomplish more and feel more in control of your life. Write a to-do list, putting the most important tasks at the top. Keep a schedule of your daily activities to minimize conflicts and last-minute rushes.
· Prioritize your tasks. Time-consuming but relatively unimportant tasks can consume a lot of your day. Prioritizing tasks will ensure that you spend your time and energy on those that are truly important to you.
· Say no to nonessential tasks. Consider your goals and schedule before agreeing to take on additional work.
· Delegate. Take a look at your to-do list and consider what you can pass on to someone else.
· Take the time you need to do a quality job. Doing work right the first time may take more time upfront, but errors usually result in time spent making corrections, which takes more time overall.
· Break large, time-consuming tasks into smaller tasks. Work on them a few minutes at a time until you get them all done.
· Practice the 10-minute rule. Work on a dreaded task for 10 minutes each day. Once you get started, you may find you can finish it.
· Evaluate how you're spending your time. Keep a diary of everything you do for three days to determine how you're spending your time. Look for time that can be used more wisely. For example, could you take a bus or train to work and use the commute to catch up on reading? If so, you could free up some time to exercise or spend with family or friends.
· Limit distractions. Block out time on your calendar for big projects. During that time, close your door and turn off your phone, pager and e-mail.
· Get plenty of sleep, have a healthy diet and exercise regularly. A healthy lifestyle can improve your focus and concentration, which will help improve your efficiency so that you can complete your work in less time.
· Take a time management course. If your employer offers continuing education, take a time management class. If your workplace doesn't have one, find out if a local community college, university or community education program does.
• Take a break when needed. Too much stress can derail your attempts at getting organized. When you need a break, take one. Take a walk. Do some quick stretches at your workstation. Take a day of vacation to rest and re-energize
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Allyn days and salmon bake are traditionally held on the third weekend in July at the Allyn Waterfront Park. This year the festival will be held Saturday and Sunday, July 17-18 and marks the 28th anniversary of Allyn Days!
The festival attracts over 1,000 visitors and residents who come for a delicious alder-smoked salmon dinner cooked outdoors and two days worth of lively entertainment.
In addition to salmon, the festival also features local micro-breweries and a local winery in an outdoor "garden" near the gazebo. You can enjoy a brew of choice while listening to lively entertainment.
Hope to see ya there its a blast!
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Tahuya is the most remote of any town in Mason County. At the tip of the Tahuya Peninsula and at the end of a long, winding road, Tahuya acquired its first electricity and phone lines less than 20 years ago.
People in Tahuya cherish their seclusion, as well as their view homes from the beach front and steep slopes rising over the Great Bend of Hood Canal.
The first Saturday of every July the town holds the Tahuya Day Parade, celebrating their unique and quirky heritage as a place you live in "by choice."
Hope to see you there!
Covering much of the Tahuya Peninsula, the 23,100 acre Tahuya State Forest provides more than 160 miles of marked and maintained ORV trails, plus plenty of primitive camping and fresh water lakes, making it a nationally recognized Off Road Vehicle recreation destination
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A little pat on the back..... OKAY A BIG PAT ON THE BACK!!!!
I don't generally post too many personal blogs, but both I and my husband are just busting at the seams with pride once again!
Our youngest child, Rebecca Lillian Spaulding (shhhhh.......don't tell her I told you her middle name or that I blogged about her......) just graduated from the Communications Department of WSU AND she was chosen as a VIP graduate to represent all of the successful Communication Department Graduates of WSU at the Graduation Ceremony!
Talk about a proud mama and papa!!! WHOOO HOO!!
She was chosen as the VIP for her great accomplishments and success at overcoming many obstacles along the way and for never giving up but forging ahead to success as a WSU graduate!
Adapt and overome!
All of her friends and family are extremely proud of all of her accomplishments and determination along the way. Now she jumps into the "real world" with both feet hitting the ground running and ready to go!
She majored in sports media communication, worked part time behind the scenes with Fox Sports Network throughout the year; loves production, graphics, and web design and is ready to kick butt out in the real world!
We're so proud of ALL of our kids, but it is nice to highlight them individually once in a while!
CONGRATULATIONS REBECCA! WE ARE ALL EXTREMELY PROUD OF YOU!
Reach for the sky - the opportunities are endless! And never stop Dreaming!
We Love you!
Mom and Dad
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