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9
Sep

Things You Should Know About Investing In Commercial Real Estate

share save 120 16 Things You Should Know About Investing In Commercial Real Estate

Deciding to start investing in commercial real estate is not a decision to be taken lightly. This type of investing requires patience and having the right perspective for a person to see any type of success. Commercial real estate investing should not be viewed as a way to make quick cash, but you may be able to use it as a retirement vehicle or significant bonus for work well done. There are a number of guidelines to follow when getting started in commercial real estate investing that can reduce your risk of making a bad investment. Here are some things that you should keep in mind.

You Must Spend Time Researching

It is important to spend time doing research on the commercial real estate investments that you are interested in. Educating yourself and doing your research will help you identify the right types of investments for you. There are many different types of commercial real estate available to invest in, including office buildings, industrial, mobile home parks and land, so do not limit yourself to a single type of property. There are also a number of formulas that you can use to determine whether the investment is really as good as you think it is. You may be able to find some great deals on commercial real estate by taking the time to really review the information that is available to you.

You Must Be Patient

It is important to remember that creating deals involving commercial real estate will take longer to complete than deals involving residential single family homes. Commercial real estate properties also take longer to assess and renovate. Any commercial real estate investor must have the patience to see the project through. In return for patience, the investor has a greater chance of earning an attractive return on their investment in the property. Becoming impatient and attempting to rush things could cause the investor to make a bad decision that costs them time and/or money.

Make Time To Cultivate Relationships

When investing in commercial real estate, it is important to have good business relationships with other investors and private lenders. In many cases, you will need to work with partners when dealing with commercial properties and finding partners will be much easier if you have taken the time to cultivate good business relationships. You may also be able to find more deals when you have a good relationship with other investors in the area, as many commercial properties are sold without being listed first.

6
Sep

Saving Money On Shows Is Easy Once You Know How

share save 120 16 Saving Money On Shows Is Easy Once You Know How

We humans like entertainment and are often willing to spend more than we should on an entertaining experience. Luckily, due to the wide range of entertainment options available to most of us, it is easy to save money on our entertainment needs while still having a great time during a wonderful experience. By simply changing some of our habits, we can get the same amount of entertainment for a fraction of the cost. Here are some of the easiest ways to save money on shows.

When Seeing A Movie

There are many different ways to save money while still seeing the movies that you want to see. One of the best ways to save money is to simply wait until the movie that you want to see is released by movie rental companies. Most movies are available to rent a few months after they are released in theaters. By renting the movie, you can spend $1-$4 for everyone to watch instead of paying nearly $10 apiece for movie tickets.

If you must see the movie in the theater, go during the middle of the day when you will pay matinee prices instead of full price. Many cities also have discount movie theaters located within their borders where second-run movies are shown for a discounted rate. Have a snack before you go or carry a little bit of candy in your pocket to avoid paying for over-priced concession stand snacks.

When Seeing A Live Show

It is also possible to see a live show without having to spend a great deal of money. Instead of spending a large amount of money seeing a national act, look for local events that can be experienced for a lower price. For the shows that you decide to see, purchase the tickets at the venue instead of purchasing them online or through a ticket broker, where you will have to pay a convenience fee. Stay away from the alcohol at these events because every drink is marked up considerably, from the beers to the mixed beverages. To avoid spending money on overpriced food and drinks, have a meal before you go and plan on eating again after you leave.

When Attending Sporting Events

It is easy to get caught up in the action of sporting events and overspend without thinking. When looking for tickets to sporting events, check out ticket broker sites for discounted tickets to events that have a lot of seats left. You may also be able to purchase tickets for a discount from season ticket holders that do not intend to go to the game. However, you must be careful to ensure that you are purchasing real tickets, not clever counterfeits.

2
Sep

What Tax Breaks Are Available To Those Seeking Higher Education?

share save 120 16 What Tax Breaks Are Available To Those Seeking Higher Education?

Many people that are pursuing higher education are unaware of the various tax breaks that are available to them while they are pursing their education. There are a number of tax breaks offered by federal and state governments to provide incentives for students and their families to invest in higher education. Here are a few of the tax breaks that those pursuing higher education can expect to receive.

529 College Savings Plans

529 college savings plans provide parents with a way to save for their child’s college education tax free. The accounts allow the money to grow over the years based on the value of the underlying investments without being taxed. Any withdrawals from the accounts are also tax free as long as the funds are used for a qualified higher education expense as specified in the terms of the plan. If the funds withdrawn are used for something other than a qualified expense, the money taken from the account will be subject to a 10% penalty tax and any applicable federal and state taxes.

Tuition Tax Deduction

When calculating your personal income tax for the tax year, you may be able to deduct your tuition expenses from your personal income, effectively lowering your tax burden by a considerable amount. It is important to keep records and receipts of the amount of tuition paid and when the amount was paid so that you have the information readily available when it is time to calculate your taxes. Any person that has paid tuition for higher education qualifies for this tax credit regardless of the number of hours they are currently enrolled in the school.

Student Loan Interest Deduction

People that have taken out student loans to pay for their higher education may also qualify for an additional deduction on their income taxes based on the amount of money they have spent paying interest on their student loans. The deduction amount can be as high as $2,500 per year, but the percentage of the amount of interest that can be deducted decreases as the amount of income you earn rises. In many cases, the interest deduction is only valid for the first five years that you are paying on the loan. However, it is important to know that no education-related tax deductions or credits are allowed for taxpayers who are married but filing separately, so if you are married, you will have to file jointly to take advantage of the tax credits.

29
Aug

The Most Common Ways To Waste Money

share save 120 16 The Most Common Ways To Waste Money

Americans are experts at wasting money. Many people spend money that they do not have to spend every day and many businesses have popped up to help us waste our money as quickly as possible. Fortunately, once we are aware of the money we are wasting, most of us take steps to reduce the amount that we are spending unnecessarily. Here are some of the most common ways that we waste money and how to correct our habits to save more.

Loan Payments

Many people are wasting money on payments for loans, including credit card balances. When you carry a loan, you have to pay the lender a significant amount of money in interest for borrowing the money. You may also have to pay additional fees and charges associated with the loan. In many cases, if you make a payment late or try to pay off the loan early, you will have to pay a penalty fee. It is much better to create the discipline to save up for what you want and pay for your purchases with the money out of your bank accounts.

Insurance

Unnecessary insurance is another way that we waste a lot of money. Insurance companies use fear to get you to sign up for as many insurance policies as they can con you into signing up for, whether you really need them or not. On top of that, once you do have to make a claim with the insurance company, you may find that the incident that happened is not covered by your policy. There are many different ways available to save money on insurance, but the most effective way is to refrain from purchasing insurance policies that you do not really need.

Cable Television

Cable television can be very expensive, especially if you subscribe to a variety of premium channels. Some households have hundreds of channels piped into their homes via their cable box, along with on-demand programming and music offerings. While it can be entertaining to have so many programs to choose from, most working adults are not home long enough to watch television enough to justify the cost. Now, many cable companies are placing full episodes of their shows online or providing them to Netflix so that you can pay only for the shows you intend to watch. Cutting the cable allows you to save money and find other sources of entertainment that would be better for your health than sitting on the couch watching television for hours.