Commercial Real Estate: A Way To Live Your Dreams
Keywords: commercial real estate, real estate, real estate investor, invesing in land
Commercial real estate is like a charmed substance that can exponentially increase the value of your utmost, very limited, resource. That resource is, of course, the hours in your day. No matter what you do, you can’t make more time. Wealth seems just as limited, but you can always make more, if you know how. Much people think they know how the two are related, that they can transform their time into money.
There are times that they become frustrated when they ponder about their financial goals and about how many hours they would have to work to make the money they need to make their dreams come true. They become frustrated because they realize it isn’t possible, that there simply aren’t enough hours in the day to accomplish their financial goals. What they don’t know is that with a little financial physics, they can increase the monetary density of an hour simply by investing.
Commercial real estate will help you live by that old saying, “Work smart, not hard.” Your output on your job is limited. Even if you could work 24-7, you could only make so much money at any rate of pay and your employer is going to be willing to pay you only so much money for the work anyway. If you could somehow make those hours worth more without having to put out more work per hour, then perhaps you could earn enough money to accomplish your dreams and goals. With commercial real estate, this type of philosophy becomes possible.
It’s wondrous how interesting commercial real estate tends to become the older you get, the more you start thinking about money, your future, and how the two relate. Whatsoever your dreams are, you will need two things to accomplish them - money and time. Money, you can make an finite supply of, as long as you can figure out how. Your time, however, is finite.
However, you can, , apply Benjamin Franklin’s “a penny saved is a penny earned” adage regarding that limited resource. An hour saved is an hour earned. You can’t make proper use of your time if you spend it chasing pennies. That’s where commercial real estate comes into play.
When one becomes a real estate investor, he opens the door into an entirely new financial world. Developing an awareness of investment real estate is like suddenly getting a new pair of eyes, which allow you to see farther in each direction.
That is because investing is a way to make your hours represent many more dollars than they would if you simply relied on the income from a job. Look at it like this - if you make a nice salary, say $50 per hour, you are limited by the number of hours in the year it is physically possible to work. Never mind the fact that you are also limited by the number of hours that actually exists in a given year. But what if you make only $15 an hour? How in the world are you ever to make your dreams come true?
What you need to do in order to become a real estate investor is educate yourself. Don’t just grab a real estate listing and jump in as though you were playing at the roulette wheel in Vegas. Although there is a certain amount of luck involved, this is not a gamble. You must learn about the real estate market so you can make educated guesses about where to put your money.
Learning to read financial statements and other basic accounting skills is a great first step. In fact, it is necessary. You can’t win at the game unless you know the language of the game, and that language is finance. Take a few commercial real estate courses. You will need to know the types of real estate that is out there, as well as the types of investments. You will need to know the terminology and you will need to get to know people in the business arena.
Stephen C Campbell (MBA, MSc) is an international internet marketer and business consultant, and has published more information about investments on www.investinukland.com
Previous Articles Highlighter:
The Asian Financial Crisis 10 Years On In The Land Of Smiles (1)
In early 1996, a massive graft and corruption scandal at Bangkok Bank of Commerce broke out and was the first real indication of the problems ahead. The bank had lent out USD4bn to politicians and their related businesses and Thana One, a subsidiary of the largest non-bank finance company Finance One, proved unable to make good on a loan from an overseas lender.
Auto Loan Refinancing Benefits (2)
When applying online, it usually only takes 1 or 2 minutes to fill out an online application. There is generally no risk involved in applying for a refinance. Sean Patrick is an automotive finance specialist with over 5 years experience in the Auto Finance world.
How To Sell Your Own Home Using Internet Marketing Secrets Of The Pros! (3)
This did not discourage the Rosenbaums, however. Sherri and Steve and already sold one house using a creative real estate solution similar to those taught by Bill Effros ("How to Sell Your Home in 5 Days") and George Cappony ("Fast Action Home Sale").
What Everyone Should Know About Credit Inquiries (4)
All mortgage and auto loans made within a certain timeframe are treated as a single entry by the algorithm used to calculate your score. Be aware that some creditors might choose to use an older version of the credit score calculation that changes the shopping span to 14 days.
Why Did Northern Rock Call In The Bank Of England ? (5)
The process of globalisation is almost complete. Wages and material costs are set to rise in China and other far east manufacturers, and this imported inflation will bring to an end the period of consumer led growth in both the USA and UK.
Collector Car Insurance Protects Valued Investment (6)
Used by many people who restore older cars, many vehicles do not qualify for collector car insurance unless they are at least 20 years old and have been, or are in the process of being restored to their original condition.
Points To Consider When Paying Your Auto Insurance Premiums (7)
How much you pay for your car insurance depends on the safety cost of repairing as well as problems relating to theft of the vehicle. These are factors that you will need to consider carefully when choosing your auto insurance policy.
Mallorca Property Developers Face Local Opposition (8)
Already many locals are finding it increasingly difficult to get on the property ladder, with prices having risen consistently in recent years, with their best hope being a slow down or even drop in Majorca property prices.
Understanding Health Insurance For Texans Easier Than One Might Think (9)
When considering your options, Texans should also consider coverage for such items as prescription drugs, preventive care, and vision care. For many people, cost is still an issue, so consider the out of pocket expenses that may be in addition to any monthly premiums.
The Best Credit Card Offers (10)
Low risk of losing cash. Large purchases may be made without having to carry the money around. 2. Readily available. Emergency purchases, such as that of medicines, may immediately be acquired at any store that accepts credit payment.
Let Your Mouse Do The Walking, Applying Online For A Credit Card (11)
In a few minutes, that credit card that you need could be yours. Aaron Ballantyne writes about a variety of topics and has a website where one can apply online for a credit card.
Should I Use A Realtor If I Am In Foreclosure? (12)
Adjusting for differences in the property is crucial because a major problem or major renovations can affect these calculations. Listing with a realtor is best for someone with a small amount of equity in the home.
Is Real Estate Investing The Income Opportunity For You? (13)
These home study courses have great ideas and concepts, but they don't do a great job in showing you how to market yourself and get your name out there. Now that you have educated yourself in your new real estate investing income opportunity, how do you get your name out?
Tips On Finding A Good Car Insurance (14)
It will only make them suspicious and hard to work with. - Most of all use common sense when driving. Do not mix alcohol with driving; it impairs your reaction time and judgment.
Forex - Understanding The Difference Between Mini-account & Standard Account Forex Trading (15)
So who is the forex broker and what is their relevence in the answer to this forex topic? The retail investor places their trades through the environment of the margin broker.
How To Save Money On Groceries (16)
Your family members may be more excited about helping in the process of reducing the family grocery budget if there's a common goal. Let them know what those pinched pennies will be used for, whether it's a Disney vacation or a contribution to their college fund.
What Does The Maryland Real Estate Assistant Offer (17)
A transaction manager can also create detailed graphs highlighting areas in which the agent has experienced the highest revenues, information which the agent can use to manufacture similar revenue results in the future.
Michigan Real Estate Virtual Assistant's In Demand (18)
The flutter of increased activity has made for much more office work, and more papers to keep tabs on and have ready to finish up real estate dealings for the typical Michigan agent.
Maine Real Estate Virtual Assistants Travel And Enjoy Life (19)
Expenses associated with salaried employees like insurance and retirement plans are bypassed, and the agent has just opened up their schedule for more mixing with real estate prospects. The number one benefit of outsourcing to a VA is the leverage of time.
Proactive Use Of IRA Secrets Can Keep You Retired (20)
While many financial institutions use the term self-directed when describing IRA investment choices, they actually mean the ability to choose between a few investment categories such as stocks, bonds, and mutual funds - the ones they're in business to promote.
Newer Articles Highlighter:
Choosing A Life Settlement Broker (1)
This insurance is unavailable to brokers who have a history of fraud or unethical behavior. Brokers without E&O insurance should be avoided. A life insurance settlement also means disclosing your personal and medical information to your broker.
Lowering Your Monthly Mortgage Payments (2)
The more money you can put down, the lower your monthly payment will be. Basically, the less you finance, the less will be amortized over the life of your loan.
"Want More For Your Property?" (3)
The Green's outline favorable terms, which include a fair and competitive interest rate, resulting in easy-to-make monthly payments and a comfortable payout period. The Brown's, realizing an opportunity to get their dream house, accept the proposal and the deal closes quickly.
Pros And Cons Of Beach Real Estate (4)
It comes equipped with a swimming hole and happy, relaxed neighbors. Perhaps these locations give them the feeling of 'coming home'. These advantages of living near or on a beach make investing in such business an attractive option as well.
Brass Balls Real Estate Investing (5)
Building permits are an excellent leading indicator; No one reads a local market more accurately than builders. They have their fingers on the pulse of the market and adjust their businesses according to demand.
Start A Small Business & Save For Retirement! (6)
In the first quarter of 2007, self-employment rose 29%, with 88% of these entrepreneurs over 40. More and more baby boomers choose to start a small business for their retirement needs.
Is It Time To Eliminate The US Cent-Penny? (7)
If the US government intends to keep the penny, the most critical issue facing congress and the Mint is to change the alloy to another metal that is cheaper than the current one.
When Do You Need A Real Estate Agent? (8)
All of these skills that a real estate agent has are fantastic and will help you get and keep a buyer interested long enough to get them to the negotiation table.
New Orleans Real Estate After Katrina (9)
There's something for every taste and pocketbook. For instance ... Nothing says New Orleans! like the Vieux Carre, with its old world charm, famous Royal Street, right in the heart of the Old French Quarter.
Scouting Out The Ideal Tenant (10)
It is best to stay away from a candidate who has been known to have arrears on his rental payments. At the end of the day, one would not want to be landed with a tenant who lives on your property without paying the rent for a considerable amount of time.
Costa Blanca, Still The Expats Choice (11)
Forecasting any property market is difficult and a consolidation of house prices had to happen especially when you consider that Spanish salaries are not too different to what they were in 1997!
Home Improvements 'Can Boost Property Values And Save Consumers Money' (12)
It was also suggested that investing in insulation can help consumers reduce their heating costs, which in the long-run could help them lessen pressure on their finances and so service utility bills, personal loans and other demands on their spending with greater ease.
Britain Needs 'Better Education On Borrowing' (13)
Mr Tapp also announced that "a lot of people" over the next 12 months may begin to struggle with their finances, which could well include areas such as paying off loans and credit cards.
Foreclosure Investment: A Few Quick Tips (14)
Overall, buying and selling foreclosed and pre-foreclosed homes can be lucrative investment opportunities. Just make sure to take your time and complete thorough research on any opportunity before you fully commit to a project that you might not be able to handle.
Holiday Homes Can Help Fund Retirement (15)
Whether you are panicking about how you will support yourself or counting down the days, it's highly likely you have thought about where your funds are going to come from.
Increase In House Prices Provide Good Investments (16)
There is also big money involved in the property market with the average house price now being 200,000 pounds. With so many advantages and such few risks it's not at all surprising that so many people turn to property when looking for investment opportunities.
What Is Credit Counseling? (17)
These types of credit counseling agencies will work with you to help you better understand where you are financially and offer some guidance as to what can be done to improve your situation.
Brits Face 'Nightmare' In Budgeting Telecoms Costs (18)
The typical household was revealed to have misjudged the annual cost of their internet bills by just 3 pounds. Last month, a Citizens Advice representative claimed that the ability to set up - and stick to - a budget was crucial for improving the nation's capacity to manage their money more effectively.
How To Get The Most From Your Credit Card Skymiles (19)
That is why in recent years there are so many companies willing to invest in the creation of rewards cards, since it harvests huge profits from the customers. Customers can tap into the secrets of coming off financially successful as well.
Real Estate Investing Tips For Young And Old (20)
Extra income to help your grandchildren to graduate .. Get extra money to mange household expenses as well as travel .. Fund expensive hobbies that you have started after retirement ..
Permalink to Commercial Real Estate: A Way To Live Your Dreams