Investment Rental Properties When Its Time to Buy or Sell

How does one determine when to sell a rental property investment? If you are going to buy rental properties having a plan in place for the appropriate time to sell is important.

I have worked with many individuals over the years and showed them how to buy rental property. There are many things that need to be considered when purchasing for investment purposes. There is also definitely a time to sell.

How to Buy an Investment Property

-Is the property in a convenient location? Is it near shopping, in a neighborhood with good schools, and is it easily accessible to interstates and connecting roads?

-Does the potential investment property have a sound foundation? What sort of issues does the home have? If it needs a new roof or the foundation is sunken in and is creating issues within the structure, it might not be a good investment at this time. If the issues are only cosmetic (needs a new bathroom floor, or painting, or carpeting) it may be worthwhile. Inspection reports will reveal the propertys flaws so the buyer and real estate professional can make a good decision.

-Do you have enough of a down payment to purchase the rental property so financing will not be an issue? In the current real estate market, most lenders will see a down payment of 40-50% as a good risk. If you can invest 100% into the property this is even better.

-Income gained from the property needs to exceed expenses. Identify a credit worthy tenant, a reliable property manager, and a solid lease to make your property investment profitable. Property management fees are tax deductible.

-For residential property investments, single-family homes as well as multi-tenant properties such as duplexes and fourplexes are great ways to build income and wealth. Some investors may want to consider apartment complexes. In this case a commercial property loan will be necessary to obtain financing.

-Use depreciation on the investment property as a way to receive an annual tax deduction. Check with your accountant, who will apply the depreciation deduction on the building, appliances — even window treatments. The government still allows tax deductions for accelerated depreciation on properties. Savvy real estate investors use this deduction to increase cash flow and net operating profit on a property.

When to Sell a Rental Property

I have a term for properties that need to be sold: alligator properties. These are properties that are eating the investor alive with carrying costs. When an investor looks at the bottom line on an alligator property there is no profit just expenses. An alligator property today may have been a good investment ten years ago. But some individuals will continue to hold a property until it depletes all of the profits they may have made in the first 5-7 years.

If a property has sentimental value (it was your first home, or your mother once owned it but now shes deceased), some investors may tend to want to hold onto it. Having an emotional attachment to an investment property that is supposed to be generating income is not good. Sometimes an individual will hold this type of property even if it is not profitable. It may be time to consider selling this property.

Why Is Alternative Medicine A Rewarding Career Option

With the ever-increasing cost and undesirable side effects of the conventional Western method of medicine, we have witnessed a constantly increasing interest in alternative medicine system. While there is an alternative medicine school in almost every part of the world now, aspiring alternative medicine practitioners are still doubtful about this as a prospective career option. However, contrary to the standard notion, alternative medicine actually has much scope now as an effective career. The speed at which each new alternative medicine school is opening now is itself an indication of the future scope of this career.

The career you take up will depend on the level of education you obtained from your alternative medicine school. If you are business minded, you may get into selling herbal remedies, dietary supplements, and various other holistic products. If you belong to an agricultural background, you may get involved in cultivation of herbs. You will definitely have a never failing career as a massage therapist, as so many spas and gyms that are sprouting everywhere need the same. Even standard acupuncture clinics and Ayurveda centers are more interested in people who are licensed practitioners from some alternative medicine school rather than those with knowledge only and no degree.

If you take up alternative medicine as a career option, not only will your career be very financially rewarding, but your cost of education from an alternative medicine school will be very minimal as well. An alternative medicine schools gives you the provision of distance learning, whereby you can obtain your degree online, studying and researching in your own surroundings. This is particularly beneficial for students who want to study from a different country. You will not have to attend regular classes at an alternative medicine school, you can obtain your degree online wherever you are, and your graduation will be very speedy as well.

One country where alternative medicine has become a very flourishing and promising career option is India. India is the land where many traditional alternative medicine therapies like Ayurveda, Unani, and Yoga originated. Even today, most rural areas in India have alternative medicine in the form of traditional knowledge as the only form of treatment in their areas. In a developing country like India, where so many alternative medicine therapies have been practiced for years, this career is of enormous scope for it is not only very cost effective but also has no harmful side effects.

There are abundant alternative medicine schools in India offering degrees and diplomas in many alternative medicine courses. Students qualified from alternative medicine schools in India are getting employment in treatment centers, hospitals, training centers, resorts, spas and so on. And with the introduction of distance learning, many foreign students who acquire degrees online from the alternative medicine schools in India, are also being able to get various job opportunities in their respective countries.

Looking for an Out-of-the-Box’ Job Chose a Career as a Locksmith

While looking out for a career, among the trades that you may find appealing is that of a locksmith, the others in that group being the electrician, mechanic and plumber. There are several reasons why you may want to become a locksmith. The main reason is that a locksmith’s job has virtually no limit to the earning potential. However, skill, concentration, creativity and patience are the traits that must be inherent in you. >

You can quite easily be a freelancer and have your own private business. There are adequate openings in both the domestic and commercial markets as well. Once you have trained to become a locksmith you will enjoy a very stable career since the demand for locksmith services is on an exponential curve due to increased security considerations. Today the latest locks are those that have electrical options. Your field as a locksmith is therefore vast with a large number of specialist areas of work.

One of the best jobs of a locksmith is that of a mobile locksmith who is available on call. You could also be an investigational forensic locksmith. You may like to specialise in one of the skills such as that of a car lock specialist or a specialist in master key systems. You could also be a specialist in safes. As a locksmith you could be a security consultant and with the large variety of locks you will probably be a Security Specialist.

Locksmith training courses are run by the British Locksmiths Institute (BLI) that is a part of the Master Locksmiths Association (MLA). These qualifications are recognised throughout the industry as well as the police and the Association of British Insurers and the Home Office.

Locksmith courses take anything between nine months and two years to complete. However, in order to evolve and stay abreast of this dynamic field you will need to train continuously throughout your career. You don’t need to work within a company or an organisation. But, locksmith jobs are available in a locksmith company or shop, a security manufacturer and hardware or DIY stores. Shoe repairers and the larger department stores also have key cutting services and these do employ locksmiths.

About the Author: Myself webmaster of Be-a.co.uk – Bringing the most lucrative Training and Jobs to You in different sectors like Driving Instructor Training, Personal Trainer Training, IT Training, Beauty Therapist Courses, Locksmith Courses, Stockbroker Training, Driving Instructor Jobs, Electrician Jobs, Stockbroker jobs etc.

Open Innovation In The Food Industry

The point of inception for any enterprise, big, small or
medium has been an idea. The thought of coming up with a product,
service or initiative that would be of use to the global consumer, has
resulted in the emergence of numerous brands globally. However, the
success of continuously developing new products and better services does
not only depend on market research and branding activities or new
business development strategies. What is needed is an environment that
is conducive to ideas and knowledge sharing that brings together
multiple views and feedbacks. This too is not just limited to the
organization’s employees, but rather is open to all. This process of
sourcing meaningful ideas is termed as open innovation.

Over the past few years several brands have been
resorting to open innovation and crowdsourcing techniques for new
product development. One of the industry vertical making active use of
this technique is the food industry. Let us look at the multinational
food manufacturing company Kellogg’s (United States). The company
launched a creative initiative that enabled it in creating a new product
variant of Cereal Straws. This initiative originally started in Spain
where children between nine to ten years shared their breakfast concerns
and probable ways to resolve them. The result of from these detailed
discussions was that one should not only drink milkshakes through straws
but eat the straw afterwards that is crunchy and tastes good. The final
outcome was a brand new product named Kellogg’s Cereal Straws with its
target audience defined way before the product released in the market.


Therefore we see that open innovation often helps food brand to have a
clear idea of their target consumer group prior to product release. This
gives the brand the assurance that the capital and other resources
invested in the product development will not go waste. More than that,
it allows the brands to actually come up with products that are a blend
of proper nutrition and taste. Furthermore, innovative ways of mass idea
capture and idea management tactics can not only be used for essential
foods. The same can be applied to fancy food and confectioneries as
well.


This is what the multinational confectionery company Kraft Foods,
United States did by setting up an Idea Cafe along with Insites
Consulting to welcome new ideas. The company was looking for
consolidated ideas that can be incorporated on a day to day process. For
this the company also invited 50 Belgian Kraft consumers to be a part
of this three week idea generation process and Concept Development
Community. The final outcome of this open innovation practice was that
the company gathered more than 60 creative food ideas both for short
term and long term development.

Thus the future of any company
in terms of coming up with better products and meaningful practices
depends on the way idea management tactics are harnessed. Furthermore,
this also helps in setting a deeper audience connect that boosts sales
and results in increased goodwill.