Tempo Tells – Tempo Tidbits http://tempotidbits.com The GAME of Real Estate....Simply Explained!!! Thu, 28 Mar 2013 21:00:51 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Cruical Factors In Trying To Find Syracuse University Apartments http://tempotidbits.com/2013/03/cruical-factors-in-trying-to-find-syracuse-university-apartments/ http://tempotidbits.com/2013/03/cruical-factors-in-trying-to-find-syracuse-university-apartments/#comments Thu, 28 Mar 2013 20:15:45 +0000 http://tempotidbits.com/?p=791 Syracuse UniversityThere are many students who appear for Syracuse university apartments weeks as well as months just before school begins. There is a massive population of students in Syracuse that’s why there are various apartments about that can cater towards the housing wants of students. Some students choose to stay on campus apartments, but other students prefer off-campus apartments.

You will discover one-bedroom, two-bedroom and three-bedroom apartments that you simply can pick from. This delivers you with wide range of options based on your needs and spending budget. These apartments can trigger hundreds to thousands of dollars, depending within the number of rooms, the furnishings, amenities along with other attributes. If you wish to have a share on the rent or you might have a friend who is also going to the same school as yours, then you might want to pick two to 3 bedrooms.

It really is an excellent thought to select the location of Syracuse university apartments that you are comfy of. If you wish to be just couple of meters away from the school so you may access the library and other vital facilities inside your school, then you should decide on an apartment really near for your university. The very good news is many apartments are nearby these universities that it only takes 5-12 minutes for you to reach school. In the event you stay on campus apartments, then location may possibly not be a issue to you.

You will discover great and a lot of amenities that are provided by these university apartments. Close location is ideal simply because students can easily walk to the university and downtown. Most of these apartments are providing laboratory services, recreation centers, fitness facilities and a lot of other people. Furthermore to these amenities, you may also locate some enjoyable locations that supply relaxation for instance theaters and lounging locations for instance hot tubs and pools especially in some apartment complexes.

There are lots of advantages of staying in Syracuse university apartments which are close to various colleges and universities. It supplies students with simple access to the facilities in school without having to walk far distances. This really is even suitable for students with disabilities for it will make students less difficult to live a comfy life and access essential facilities.

To know more information about Syracuse University Apartments and Property Management Syracuse visit TempoApts4Rent.com

This article is courtesy of 1440 Web Consultants

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Follow a Few Simple Steps and Live a Debt-Free life http://tempotidbits.com/2011/11/follow-a-few-simple-steps-and-live-a-debt-free-life-2/ http://tempotidbits.com/2011/11/follow-a-few-simple-steps-and-live-a-debt-free-life-2/#comments Mon, 21 Nov 2011 19:23:18 +0000 http://tempotidbits.com/?p=788 After the recent financial upheaval, almost all individuals are drowning in the sea of overwhelming debt. The latest statistics from the Federal Reserve indicate that the total amount of consumer debt in the United States stands at nearly $2.4 trillion. However if you are concerned about your debt burden and want to get rid of it, go for free debt consolidation. Besides that, you can also aim to achieve debt-free living by making a few changes in your life style that involves little bit of personal sacrifice and patience.

However, let us look at a few simple steps following which you can achieve debt-free life.

Budgeting:

In maximum cases debt problems occur due to a failure to live within budget. People have too many desires but have limited money in hands that lead them to turn to credit. So the most important step to debt-free living is forming a budget.

· First list down all your sources of income and expenses, and review if expenditure exceeds your income. If yes, then try to identify the area where savings can be achieved.

· List the bills where there is very little or no scope of savings like fixed mortgage, rent, and council tax. Then list the areas where there is a chance for savings like social spending, food, drink, and utility bills. Try to cut back on drinks and food by avoid eating outside. You may also switch to generic food. Besides that, use an online comparison site and know how to save on insurance and utility bills. Work for that and try to achieve debt-free life.

· If you see that nothing of these steps can bring in debt-free life for you, then find out ways to earn some extra cash and increase monthly income. Working over-time, getting a second job or selling stuffs on eBay will fetch you considerable extra money.

Help to come out of debt:

Whilst you have to work for managing the basic expenses of your family, debt-free living should be your primary goal. Follow a few steps to achieve debt-free living.

  • If you have credit card debt then perform lower interest balance transfer. This will help you to save money as this reduces the monthly payment, and will also help you with debt clearance as well.

  • You can also borrow loan with low interest rate and consolidate all your debts into that loan. This will allow you to handle one loan instead of multiple debts, and will also allow you to pay off the debt as soon as possible.

  • Also, try to make more than minimum payment. This will help you to pay off the debt faster than you thought before.

Debt solution:

Debt-free living can also be possible via a debt solution. If your debt-to-income ratio is too high go for debt management plan, individual voluntary arrangement, debt relief order or personal bankruptcy.

However, if you follow the above mentioned steps you will be able to clear your debt and live a debt-free life.

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Student Housing . . . what a goldmind!!! http://tempotidbits.com/2011/08/student-housing-what-a-goldmind/ http://tempotidbits.com/2011/08/student-housing-what-a-goldmind/#comments Tue, 09 Aug 2011 19:13:06 +0000 http://tempotidbits.com/?p=757 If you are an investor focused on student housing . . . . FIND YOURSELF A COLLEGE TOWN!  As a seasoned investor, I have found that renting to college students is a pleasurable and very lucrative investment.  I started out renting to low – middle income families.  However theses properties, mainly located in urban areas, can be a challenge.

Challenges:

  • The rent rate is low
  • The taxes are high
  • Extremely high turn over rate
  • The property does not appreciate
  • The tenants cause lots of damages
  • The property requires  a great deal of renovation and rehab
Upside:
  • Very low vacancies because people are always looking for affordable  housing.  Also with the foreclosure rate as high as it is, many people are returning to renting.
  • Purchasing property in these neighborhoods are relatively cheap ($30-100k)
  • Government assistance is in abundance
  • A quick way to build your portfolio
  • Allows for great cash flow
I’m not knocking it because this path allowed me to build a business, increase my portfolio and expand to various avenues within real estate.  It is grueling, time consuming and the cause of many migraines, but it served it’s purpose.  I stuck it out, made patience a virtue and reaped the fruits of my labor.  Most importantly it lead me to the gold mind of STUDENT HOUSING!
Universities and colleges, like property, have been around for centuries and will continue to exist centuries after I’m gone.
 The best investment is one that exist before, during and after your lifetime.  One that produces income for all generations of your family. (biggasista)
Real estate is that investment, and the student housing market is the core.  Don’t get me wrong, hotels, retail, apartment bulidings and commercial properties are all great investments within real estate.  However, the tenant base is what makes the difference.  Schools will always have students and these students will always need a place to live.  Colleges that offer housing are overwhelmed because the amount of students entering far surpass the number of units available.  It’s the simple theory of Supply and Demand that allows private investors entry into the world of student housing.
I went to school in a college town.  Everything was about the university.  The mood, environment, entertainment and lifestyle were all based on that big school on the hill.  There is nothing wrong with that – it’s how a town flourishes, it’s how money is kept within the community, it’s what that town becomes known for, and it’s what can make a real estate investor wealthy!  The student housing market is not necessarily the best first investment.  You should have some experience with investing, knowledge of the market and a strong financial support system.  But, once you are in the potential becomes very apparent.
The student housing challenges are:
  • Properties are expensive to purchase – you will spend more on student housing then on a low income property
  • Properties are difficult to find – student housing is not a secret.  Everyone wants in.  The inventory is low because you are left with whatever the university didn’t buy, wht large investors overlooked, or properties considered to be “not so prime.”
  • Properties are located to far away from main campus
  • Guaranteed annual turnover
  • Property taxes are high
  • Tenant headaches – you are still renting and people will be people, so you can always expect some type of migraine.
The rewards can be:
  • The property continually appreciates in value
  • A never ending stream of tenants
  • Excellent cash flow
  • Double the rental income
  • Advance rental payments
  • Little to no repairs which has a great affect on overhead expenses
  • Potential for great auxiallary income
Let’s talk numbers: Property A  and Property B
Property A is a two unit building with three bedrooms in each apartment:
  1. cost $30k
  2. rehab $10k
  3. monthly rental income $1300.00
  4. monthly expenses (taxes, water, maintenance, mortgage) $725
  5. tenant headaches and incidents $$$priceless
  6. monthly net $575.00
  7. annual net $6900.00
Now the above numbers are a rough estimate of low income housing in a small college town.  If you are luck you see about $500.00 a month if no major repairs are needed, if you are actually able to collect the rent, and if a tenant does abandon the unit leaving you with a rehab repair bill far past their security deposit.
  Property B is a two unit town house with three bedrooms in each apartment that comes fully furnished:
  1. cost $175k
  2. rehab $30k (rehab to update the units, purchase furniture, appliances)
  3. monthly rental income $3900.00
  4. monthly expenses (tax, water, maintenance, mortgage) $1475
  5. tenant headaches and incidents $priceless
  6. monthly net $2425.00
  7. annual net $29100.00
Now the above numbers are a rough estimate of a 2 unit student housing in a small college town.  You would see about $2400 a month, knowing that there are no repairs because everything is new.  You are able to collect the rent because students pay for the year in advance or pay by the semester in full.  And if they do abandon, well you have your rent money so fix up the apartment and rent it out for the following semester or do a sublet.  Either way you are still in a great position.
This scenario is a portrayal of how things work  based on my experience as an investor in both markets. They are realistic and if I can have less headaches, a great ROI and increased value I will continue to praise the student housing goldmine!
Rest in Wealth  . . . . .

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Why Invest In Real Estate? http://tempotidbits.com/2011/07/why-invest-in-real-estate/ http://tempotidbits.com/2011/07/why-invest-in-real-estate/#comments Fri, 29 Jul 2011 04:15:24 +0000 http://tempotidbits.com/?p=749 It is often assumed that real estate is a safe investment and that an investor can make quick money.  If this is what you believe, then this article is for you.  Real Estate is a good investment in the long run and can be profitable over time.  It is not a get rich quick investment.  It is not for everyone and it is not always a good experience.  So many people now a days have lost their homes, rental units and commercial properties to foreclosure.  Some people have destroyed their credit and built mountains of debt.  For them, real estate was the worse possible move and a lesson learned with tears.  For others like myself, real estate is a good investment with the potential for great profit.  However, it does not happen overnight, within months or even a few years.  It’s a slow but steady road built on patience!

Real estate can be a prime investment in times of recession. In times of financial uncertainty, real estate investors should focus on cash flow rather than appreciation. Cash flow is easy to see—the numbers either work from the start or they don’t. (NuWire Investor)

Investing in real estate should be for:

  • Building equity
  • Producing a steady flow of alternate income
  • Building your portfolio
  • A contribution to your retirement fund.
  • Tax benefits
  • Tax deductions
  • Financial security
  • Cash flow
You should not invest in real estate if:
  • You don’t have money to afford the investment.  “It takes money to make money,” is the best saying in the world!  Once purchased real estate comes with its own set of overhead.  It takes money to maintain the property and renovate the property. Expenses such as mortgage, taxes, water and utilities must be paid. If your are fortunate and your property is income producing from the start then great, extra money always helps.  However, with tenants comes headaches – plumbing issues, heating issues, electrical and cosmetic issues all cost money.  In real estate,  it’s always a safe bet to have an “incidental stash” – money set aside for when everything goes wrong.  Some say that incidental money should cover expenses for six months to a year.  Realistically if you are just starting out you might not have that – I did’nt.  What I did have was enough money in the beginning to make all repairs and renovations up front and avoid breakdowns later.  For the cosmetic breakdowns I had a small stash and focused heavily on producing income so my stash would not become non-existent.
  • You do not have patience.  Real estate is a very slow process.  Once you finally close, you now wait on contractors to make repairs, then advertise for rentals, screen tenants, move them in, chase the rent and sometimes move them out.  If patience is not your virtue I highly suggest you hire a property management company to handle the day to day routines of your investment.
  • You have big dreams of riches and grandeur.  No one gets rich overnight in this industry.  So if you believe you buy today and are rich tomorrow – DO NOT INVEST IN REAL ESTATE!
  • Your financial status depends on this investment.  The housing market is on a roller coaster and it would be foolish to stake your entire  livelihood on this type of investment.  Have you ever heard the saying “house poor,” well then don’t become a poor investor!
In theses economic times of hardship, Real Estate is still our saving grace.
Today is probably the best time to invest in real estate, for one reason: Higher mortgage interest rate = Lower real estate demand = lower price tag.
(Money& Minds)
However, make sure the timing is right, your finances are in order and that you do your due diligence.  Learn about the market, hear the stories, and make your plan of action.  Whether it’s today, tomorrow or next year real estate is not going anywhere.  As long as there are people on this earth, we will always need a place to sleep, eat and work.  Property, in all it’s forms (caves, huts and igloos) like roaches will outlive us all.  So, why not invest in something that will be income producing for centuries and long after your gone?
I’m just saying ….. Rest in Wealth

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Welcome to Tempo Tidbits http://tempotidbits.com/2011/03/umbrella-rides-the-wind/ http://tempotidbits.com/2011/03/umbrella-rides-the-wind/#comments Mon, 21 Mar 2011 08:16:31 +0000 http://elegantthemes.com/preview/DeepFocus/?p=220 Welcome to the new Tempo Tidbits Website! This blog is for the curious real estate investor.  It should be used to gather information on investing in real estate.  Anyone interested in buying or selling real estate needs to do due diligence.  Our aim is to keep you informed and up-to-date on market changes, economic changes, local area data, trends, financing and more.

As a real estate investor, manger and broker we are very familiar with the game of real estate.  It is not for everyone.  It can break you financially and going into it blind will ruin you.  So join us as we begin this exploration into the tricks, politics and pitfalls of being a real estate investor.  Talk with us, discuss your thoughts and share your stories and we will do the same.  At the end of the day everyone wants to own something so why not get your piece of the pie!

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