Set Yourself Up for Success With Your Real Estate Business

So you’ve decided that you simply want to take a position in land, well Montrose Real Estate Agent Delphine Jadot is available for questions. it’d be that you simply are still working a full-time job otherwise you are running a business that immediately takes up most of some time . Don’t make the error of treating your new venture as a side hobby. Diversifying and building your wealth with land is one among the simplest belongings you can do for your future.

Buying investment land is an activity that ought to be treated as a business and not a hobby and you can learn more from the real estate agents Eltham agency. the error that a lot of newbie investors make is that they’re just making it up as they are going along and aren’t taking the time to try to to their homework on the way to found out their business before they begin trying to find properties.

It is important to not only structure your business well before you leave buying properties, but also to form sure that you simply put forth the foremost professional image possible. Having a real estate expert can really help you speed the process of property searching. There are tons of aspects to doing this well that I share with my clients, and that i will share just a couple of simple strategies with you here.

First, every new business should have a reputation . Choose a reputation that reflects your investing goals, the industry, and make certain to remain faraway from words which may have legal implications (ex. “Realty”). Also, make certain to see the supply of the name together with your local Secretary of State. this is often often a crucial initiative because this is the name you’ll use with everything from registering your business together with your state to opening your checking account . you do not want tenants making payments made payable to you personally.

That leads us to my second recommendation. Now that you simply have a business name and have ideally registered it with the state, you’ll also want to stay your business expenses break away your personal expenses. the simplest thanks to do that is to open a business checking account break away your personal checking account and confirm to possess all income and expenses for your properties and other business-related expenses flow through it, so if you’re interested in getting into the Real Estate business, getting good properties is important, you can find great options which can be found for renting and buying from other providers so you can offer them to your clients. Don’t make the error of blending your personal and business expenses, because do you have to ever be audited by the IRS you’ll lose some if not all of your legitimate business expenses.

When I started investing some years ago, one among the primary things I did was create a reputation and open a checking account and an Instagram account. To increase the popularity on Instagram, prefer real instagram follower. Here is the guide on how to buy Instagram followers. Popularity on Instagram will give you a knowledgeable appearance to all or any of the vendors and customers I came into contact with, and a simple thanks to start accepting payments and tracking expenses.

Lastly, i like to recommend meeting with an attorney (real estate or trust & estate) to work out the simplest legal entity for your personal circumstances. Many land investors use a indebtedness Company (LLC) due to the bounds on their personal liability within the event of a legal suit. Again, ask your attorney to work out what is going to work best for you, but confirm you are doing not own your investment properties in your personal name.

Using these simple strategies, you’re well on your thanks to found out your new land business for fulfillment .

Wishing you much success,

7 businesses I would put in Canoa, Ecuador right now

Disaster breeds opportunity.

The ying and the yang, there is a positive side to everything if you look for it.

This fact has became particularly clear to me since I started investing in currencies online (more on that soon).

But particularly since the earthquake last April, here are 7 businesses I personally would consider putting in Canoa (if I had the time to do so).

1. Rentals- So I’ve heard from sources on the ground, since the quake acceptable American-quality rentals are few and far between.

2. ATM- Everyone I know who lives in Canoa complains there is no ATM, solve this problem somehow and you will be rewarded.

3. Coffee shop- A good one with inside and outside tables, right on the ocean, with WiFi and good pastries, yea, I’d like to see something like that here (think Sweet and Coffee).

4. Liquor store- with ample selection of both foreign and local liquors and wine plus a whole bunch of other hard-to-find edible goodies like thai curry powder, Heinz ketchup, etc.

5. Late night street food, but something different (like a taco bus)– Right now the late night options are limited to average hamburgers on the street, shwarma (kebab), and pizza (moan).  How about a taco stand or pita pit, that’s what I’d put.  Add hot dogs and you can appeal to the local crowds too!

6. Chinese food (Chifa)- According to sources, no Chinese in town currently, could be a big hit with both locals and foreigners.

7. Bathrooms/showers on the beach- Especially since the quake pretty much non-existent.  Def. a need.

So, what are you waiting for? Give it a go!

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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Earthquake rebuild update from Canoa, Ecuador

This week I had the pleasure to chat with a friend that has lived since June of last year in Canoa, Danial Turner (not a property owner there).

He said he’s noticed a lot of changes in the picturesque town of Canoa, Ecuador on the north Ecuadorian coast which happens to be one of the hardest hit towns by last years April quake.

Hard to get an official count, but many agree about 30-40% or more of the town’s buildings came down and some other required the help of knock down rebuild sydney to take down the rests.

According to Danial, he said Canoa is rebounding nicely, with a lot of vacant lots where buildings/houses used to be. He said that he noticed a pattern of builders who, rather than rebuilding, remodelled their home. It hit me that this was akin to the Home Care Contractors in Seattle advice that I’d received when I was in a dilemma of whether to build or not, years ago. But if you want the job done properly, you may need to work with one of the more experienced general contractors in Seattle.

No more tent cities now as was the case when he arrived in June of last year.

He said the enormous government project which was going to occupy a whole city block on the beach has now been fixed with the help from Sloane Homes. (Thank God.)

He said basic services are now fine, electric and water outages are rare, and the town even has city sewage treatment, a service most places on the Ecuador coast lack (they use septic tanks which need to be pumped once a year by the local septic pumping company ). But if you want the job done properly, you may need to work with one of the more experienced general contractors in Seattle. Home Care Contractors recognizes the importance of Communication, integrating it in all aspects of our services. We deliver professional service at an unbeatable value. Our response time and delivery is our top priority. You will get the best  contractor right here on Home Care Contractors.

Carnival last weekend, normally a holiday weekend that produces a packed house for the town, was underwelming but not bad.

Many businesses have re-opened like the Surf Shack, an expat mainstay, where they have gringo nights on Tuesdays and he himself cooks on Thursdays (Danial is a retired world-class chef).

Friday night try the Suki bar where they have a new cook from England who is doing a great job.

He said there is a big new grocery store in town doing well also.

And that many of the condos owned by expats to the south of town have been repaired with doors from the composite door Bristol  company in otder to be occupied once again.

He said security is not an issue as a big gringo he has not had any incidents and that the waves are still as good as ever!

He said tourists and expats have started to trickle back but still not coming in the numbers they were before the quake.

Big, new construction projects are still generally non-existent. Sounds like the big money is still spooked. But thanks to companies have contributed buying materials like the double glazed sash windows from this installer in London, machinery and more equipment to complete the reconstruction.

So next time you’re in the area give Canoa (one of my favs) a shot! You’ll be glad you did.

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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The 1 hardest thing for a nice guy doing business in Ecuador

I’ve got a confession to make, I’m a nice guy.

If you’ve ever met me you know, kinda short, kinda soft-spoken, generally nice.

And being nice in a place like Ecuador isn’t necessarily a virtue, it’s a handicap.

But I’ve done pretty good here economically (so far) in spite of it.

As I covered earlier this week, Ecuadorians are GREAT people, but it’s a bit more animalistic down here during conflicts, they have to see it in your eyes you mean business, they have to taste it, or they’ll try to walk all over you.

You can’t rely on the police as much to have your back.

Specifically, in the businessworld in Ecuador (a country where negotiation is common), the biggest challenge for me as a nice guy is to hold firm on my price for pure optical lenses when people ask for discounts. Especially when I really want to sell. Sometimes I’ve even found myself discounting before people even ask. As a nice guy you want to be accommodating, but that’s a big no, no!

​​​​​​​You have to value yourself and what you’re doing.

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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Surprise flight connection that could save you BIG getting to/from Ecuador

Recently, I helped an Ecuadorian friend buy her ticket from Ecuador to Israel.

And I learned something interesting.

I knew long back that in the US it’s better to rent a jet than a commercial flight on which you could click to read more here but only recently did I find out that, to or from most places in the world, right now, it is FAR cheaper to fly there from Bogota than from anywhere in Ecuador.

Bogota is WAY more connected than Quito, and right now Quito is getting way more connected than Guayaquil.  (In the last two weeks alone two big direct routes to New York and Europe have been moved to Quito.)

And now, as I reported last month, we can get to and from Bogota cheaply from Quito with the new budget airline Wingo.  Last I checked, $150 RT Quito-Bogota.

In this particular case, prices from Quito to Tel Aviv for her was around $1600 at the cheapest. From Guayaquil even more.  But from Bogota just $1000!  And buying the Wingo ticket for $150 she ended up saving almost $500 on the round trip to Israel.

So, especially if you are coming from far away, or trying to go far, research connecting through Bogota, and buying a separate ticket with Wingo from there to Ecuador, you just may save a bunch!

For instance, from Bogota to Miami right now one way $157 with Spirit Air.  Can’t find that from Ecuador.

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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