The real estate blog.

How the appreciation of real capital assets has redistributed household wealth.__________________________________________
Much of Adam Smith’s classic treatise on “The Wealth Of Nations” is not really about wealth at all, but about income. The two concepts are different: income is the flow of money a nation or household receives in a given lapse of time, say a year. Wealth, conversely, is the stock of capital assets the nation or household have accumulated over their lifetime, minus debts. The difference matters, but how much is hard to say.

On the one hand the distribution of income has been debated over and over but, on the other hand, the distribution of wealth has been largely ignored. This is so because whereas it is relatively simple to measure global income inequality,
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It’s hard to argue with the success that Robert T. Kiyoski has had with his Rich Dad series. Head over to Amazon.com and you’ll see almost fifty items on offer; Rich Dad in English, Rich Dad in Spanish, Rich Dad for women and kids. Even Rich Dad in Chinese. My personal favorite is the DVD Rich Dad’s 60 Minutes to Getting Rich. Ok, it’s a bit pricy at $79.99…but that’s a small price to pay for a DVD that will make you rich in 60 minutes, right?

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It’s hard to argue with the success that Robert T. Kiyoski has had with his Rich Dad series. Head over to Amazon.com and you’ll see almost fifty items on offer; Rich Dad in English, Rich Dad in Spanish, Rich Dad for women and kids. Even Rich Dad in Chinese. My personal favorite is the DVD Rich Dad’s 60 Minutes to Getting Rich. Ok, it’s a bit pricy at $79.99…but that’s a small price to pay for a DVD that will make you rich in 60 minutes, right?

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Anyone who is pondering over the idea of entering into the real estate industry should not under estimate the importance of a business investing education.

Although, there is no doubt about the fact that real estate is a profitable business and you can grow very fast, venturing without proper knowledge may be unsafe for anyone.

Importance Of Business Investing Education In Real Estate

When it comes to investing in real estate, education and training comes with many options from where you can learn. With the popularity of the real estate investing increasing very fast many new ways have come up to provide you the required information.

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Not long ago I wrote a post on Real Estate Speculating vs. Real Estate Investing. My main point was speculating and investing are two different activities which require two different skill sets and risk appetites. Either might be right for you, but the danger comes when you think you’re doing one but you’re actually doing the other.

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People often wonder how to buy rental income properties and if there is a profit making potential in rental income properties.

Along with other factors…It is necessary to consider certain factors to help you select the right kind of property.

It is necessary to do due diligence, ensure that the property is located in an area where land value is appreciating and do check the vacancy rates.

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To Stage or Not to Stage – that is the question!
by Sveta Melchuk

Staging a Home for sale will cost you money. Is it worth spending time and effort on it? After all, once the decision to sell has been made, you just want to get it over with as fast as possible, right?

First, did you determine the «right» price for your house? It should be based on certain objective criteria, such as the location of the property, sale price of comparable homes in your neighbourhood and today’s market conditions. But don’t forget the desirability factor…
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Average home sale yields $32,200 in additional consumer spending.

OTTAWA – June 12, 2007

The resale housing industry in Canada generated more than 158,000 jobs and an average of $15.3 billion annually in the period from 2004 and 2006, according to a study prepared for The Canadian Real Estate Association by Altus Clayton.

The report says each residential MLS® transaction generated an average of $32,200 in additional consumer spending in the period from 2004 to 2006. This included the purchase of furniture and appliances, moving costs, renovations, services, and taxes. From 2002 to 2004, the average transaction yielded $24,697 in additional consumer spending. In the period from 2000 to2002, it was $19,760.

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Once you have found the home you would like to purchase, you need to present the vendor with an Offer to Purchase or an Agreement of Purchase and Sale. As your home is probably your biggest investment, it would be wise to work with your real estate agent and/or a lawyer/notary in preparing your offer. Remember that the Offer to Purchase or Agreement of Purchase and Sale is a legal document and should be carefully prepared.

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I know… I know…

It’s been a few weeks since the last time I updated the blog, but it’s been for good reason.

NO, I’m not stopping the blog or throwing it by the wayside… I’m just getting some big projects I have been working on out of the way before I begin posting daily again.

Anyhow, one of the big projects that I have been working on is the comprehensive capital gains tax manual that I told you about several weeks back. This manual goes over the top 9 ways to sell real estate or a business and reveals oodles of hidden strategies and tax loopholes that 90% of you don’t know about.

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