Real Estate Investment – Mega Mistakes Made by Newbies

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The real estate investment fever is more contagious than Swine Flu. Every single day, a myriad of newbies enter the market, hoping to make it BIG. The rush to real estate investment has gained an increased momentum after the stock market began going in one direction: Down! Many of these real estate newbies are actually experienced connoisseurs of the stock market. After losing their franklins in the stock market, they are now trying to earn their money back in this area just because they have ‘heard’ that real estate is very promising. I have met many of these newbies and here are five common mistakes they commonly make;

1.) A Mega Mistake That Deserves the Electric Chair Treatment: Stock Market Mentality

The stock market crash flushed a 13 figure amount ($7,000,000,000,000!) down the drain. After such an expensive lesson, you would naturally be inclined to think that these investors have learned something. But no! They continue to reiterate the same mistake- hypothesizing what happened the last week will happen this week. 90% of the newbies that I have talked to, want to give real estate investment a shot because a certain friend’s father or an uncle’s brother-in-law earned a big buck from it a few years ago. Now seriously doesn’t this sort of reasoning deserve a couple of trips to the electric chair?

Just like any other business, real estate investment also has some degree of risk attached to it. What substantially increases this risk is when one enters the market with the mentality of making an immediate gain. With such a mind-set, you aren’t making an investment, you are gambling! Real estate appreciation occurs over a longer period of time. If you invest in property, considering sticking with it for 5 to 10 years, the chances of you coming out on top are very close to a 100%! Of course, you can also aim for a shorter term investments such as 6 months and 1 year. But with such an investment your timing needs to be absolutely right.

2.) A Mega Mistake that Deserves 5 Canes Every 10 Minutes: A Blind-Fold Real Estate Investment

Being naïve, newbies scramble for properties based on pseudo advice! Such a mistake will turn your hundreds of thousands of dollars to just thousands. Newbies should never put their money into a property because someone told them to. Get educated. Know how to differentiate a good deal from a bad one. Before you invest money into actually practicing real estate, invest your money in learning the theoretical aspects of it. Success in this field is directly proportional to the amount of knowledge you have. Picking an investment opportunity isn’t like putting up a map on the wall and shooting darts at it. You aren’t choosing a holiday destination. Your decision could substantially Increase or decrease your capital. Be wise!

3.)A Mega Mistake that Deserves Water Boarding: Zero Cash Reserves

Survival in the real estate market is heavily dependant on cash flow. For you to be able to stay within the market for a good length of time, you must have cash reserves in place. Even a fifteen year old school drop-out can buy a property. The difficult part is when you have to manage a negative cash flow. If you can successfully do this, there is no doubt that you will be the next Donald Trump! Having effective cash flow management prevents you from making decisions that aren’t logical or those that don’t give you max returns on your real estate investment. Here is what you can do when you have healthy cash reserves;

· Instead of selling ‘now’, you are able to wait for the market to pick up further demand
· You don’t give your properties to less than qualified tenants.
· Instead of temporary repairs, you are able to give your property an over haul treatment consequently raising its value even further.

It is quite obvious that this wouldn’t be possible without some back up money in your wallet. This is a very critical point for newbies to take note of. Real estate investment is perhaps the next decision you could ever make provided you are equipped with the know-how. Don’t let the market rule you. You should rule the market!

Buying Real Estate in Phoenix: Best Tips for Phoenix Market

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The housing market of Phoenix is really hot for the past few months! With a price increase of nearly 35 percent from the last year, Phoenix has acquired number one spot in price appreciation as compared to the whole country. According to the Arizona Republic Valley Home Value Report, as many as 75 percent of the houses in Phoenix have shown an improvement in price and Santa Barbara California is the only city to get ahead of Phoenix in terms of price increase. Most of the economists agree that 2013 will be a potential year for any investors planning to invest in Phoenix. So, are you interested in purchasing property in Phoenix? Hold on, here are some important points that you should consider before getting in the real estate bubble again!

Picture from the Past: Why the real estate crash happened at all?

The property market crash in 2007 left the investors wondering and shocked with its after effects. But, if seen logically, there were a lot of reasons that fueled the crash of the real estate market. Starting with loose lending practices and the option to get 100 percent financing for the house. According to experts, loose lending practices were the biggest reason for the price appreciation and foreclosure crisis that followed in 2007 onwards. In addition to it, multiple cash back schemes were announced during this period which motivated buyers to get property in the first place.

But, the current boom observed in Phoenix market is out of different reasons and for the first time in last five years, we can say that this change will last for the years to come.

What fuelled the rise of the real estate market in 2012?

If we listen to the experts, declining foreclosure sales are one of the major propellants behind the rise of house prices in Phoenix. Resale of foreclosed and distressed properties accounted for 13 percent of the overall sale, hence allowing the median price to go up and increasing the overall price of houses throughout Phoenix. In addition to the fall in a foreclosure sale, Phoenix redevelopment has taken off nicely, attracting more investors towards the Phoenix estate market.

What can we expect from Phoenix real estate market in 2013?

This is a million dollar question for investors eyeing Phoenix real estate market in the years to come. The recent increase in prices is highly motivating although the prices are not as high as that of 2003, but the chances of improvement are quite bright in 2013. Further, the strong economy of Phoenix will help in sustaining this price appreciation in the years to come (although at lower rates). Phoenix has a lower unemployment rate as compared to most of the cities in the country and the increase in sale of house seems to be logical for now. For anyone looking to invest money in real estate, Phoenix is the perfect choice.

The Top 10 Automotive Innovations Of The Decade

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Automotive

Over the past decade, the automotive industry has seen a wave of technological advancements that have revolutionized the way we drive. From self-driving cars to electric vehicles, these innovations have not only made our lives easier but have also paved the way for a greener and more sustainable future. In this article, we will explore the top 10 automotive innovations of the decade and how they have transformed the way we get from point A to point B.

1. Self-Driving Cars: A Glimpse into the Future

Self-driving cars have been one of the most talked-about innovations of the decade. With the help of advanced sensors and AI technology, these vehicles are capable of navigating through traffic and making decisions on their own. Companies like Tesla, Google, and Uber have been at the forefront of developing self-driving cars, and although they are not yet fully autonomous, they have the potential to revolutionize the way we commute in the future.

Advantages of Self-Driving Cars:

– Increased safety on the roads

– Reduced traffic congestion

– Improved fuel efficiency

– Enhanced accessibility for people with disabilities

2. Electric Vehicles: Driving Towards Sustainability

Electric vehicles (EVs) have gained significant traction in the past decade, thanks to advancements in battery technology and the growing concern for the environment. These vehicles run on electricity instead of gasoline, making them more eco-friendly and cost-effective in the long run. Companies like Tesla, Nissan, and Chevrolet have been leading the charge in the EV market, with their models offering impressive range and performance.

Advantages of Electric Vehicles:

– Zero emissions

– Lower operating costs

– Quieter and smoother ride

– Government incentives and tax credits

3. Advanced Driver Assistance Systems: Making Driving Safer

Advanced Driver Assistance Systems (ADAS) have been a game-changer in terms of safety on the roads. These systems use sensors, cameras, and AI technology to assist drivers in avoiding accidents and staying within their lanes. Features like adaptive cruise control, lane-keeping assist, and automatic emergency braking have become common in modern vehicles, making them safer and more reliable.

Advantages of Advanced Driver Assistance Systems:

– Reduced risk of accidents

– Improved driver awareness

– Enhanced road safety

– Potential for lower insurance premiums

4. Connected Cars: The Future of Connectivity

Connected cars are vehicles that are equipped with internet connectivity and a range of smart features. These features allow drivers to access real-time traffic information, stream music, make hands-free calls, and even control their home devices from the comfort of their car. Companies like BMW, Ford, and Audi have been integrating these connectivity features into their vehicles, providing a seamless and convenient driving experience.

Advantages of Connected Cars:

– Access to real-time information

– Improved entertainment options

– Enhanced communication and safety

– Integration with smart home devices

5. Augmented Reality Head-Up Displays: A Safer Way to Navigate

Augmented Reality Head-Up Displays (AR HUDs) have revolutionized the way we navigate while driving. These displays project important information onto the windshield, allowing drivers to keep their eyes on the road while still receiving vital information such as navigation directions, speed limits, and upcoming hazards. Companies like BMW and Mercedes-Benz have been incorporating AR HUDs into their vehicles, making driving safer and more efficient.

Advantages of Augmented Reality Head-Up Displays:

– Improved driver focus

– Enhanced situational awareness

– Real-time navigation guidance

– Reduced distractions

6. Vehicle-to-Vehicle Communication: Creating a Connected Network

Vehicle-to-Vehicle (V2V) communication is a technology that allows vehicles to communicate with each other, sharing important information such as speed, location, and traffic conditions. This technology enables vehicles to anticipate and react to potential dangers on the road, making driving safer and more efficient. Companies like Toyota and General Motors have been at the forefront of developing V2V communication systems, with the aim of creating a connected network of vehicles.

Advantages of Vehicle-to-Vehicle Communication:

– Early warning of potential collisions

– Reduced traffic congestion

– Improved traffic flow

– Enhanced emergency response

7. Advanced Materials: Making Cars Lighter and Safer

The use of advanced materials in car manufacturing has significantly improved the safety and efficiency of vehicles. Materials like carbon fiber, aluminum, and high-strength steel have made cars lighter and more fuel-efficient without compromising on safety. Companies like BMW and Audi have been incorporating these advanced materials into their vehicles, resulting in improved performance and reduced carbon footprint.

Advantages of Advanced Materials in Car Manufacturing:

– Improved fuel efficiency

– Enhanced crashworthiness

– Reduced emissions

– Increased overall performance

8. Wireless Charging: A Convenient Way to Power Up

Wireless charging technology has made powering up electric vehicles more convenient than ever. With the help of induction coils, EVs can be charged wirelessly by simply parking on a charging pad. This technology eliminates the need for physical cables and connectors, making EV charging more accessible and user-friendly. Companies like BMW and Nissan have already started implementing wireless charging technology in their vehicles, paving the way for a wireless future.

Advantages of Wireless Charging:

– Convenience and ease of use

– Reduction in clutter and cables

– Increased accessibility for EV owners

– Potential for integration with smart grid systems

9. 3D Printing: A New Era of Manufacturing

3D printing has made a significant impact on the automotive industry by revolutionizing the manufacturing process. This technology allows car manufacturers to create complex parts and prototypes with precision and efficiency. 3D printing has also enabled customization options for car owners, allowing them to personalize their vehicles like never before. Companies like Ford and BMW have been utilizing 3D printing technology to streamline their production process and reduce costs.

Advantages of 3D Printing in the Automotive Industry:

– Faster prototyping and production

– Cost-effective manufacturing

– Customization options for car owners

– Reduced waste and environmental impact

10. Artificial Intelligence in Car Design: The Future of Automotive Engineering

Artificial Intelligence (AI) has had a profound impact on the automotive industry, particularly in car design and engineering. AI algorithms are now being used to optimize vehicle performance, improve aerodynamics, and enhance safety features. Companies like Tesla and Audi have been utilizing AI technology to create cutting-edge vehicles that are not only efficient but also aesthetically pleasing. The integration of AI in car design is set to revolutionize the way vehicles are built and engineered in the future.

Advantages of Artificial Intelligence in Car Design:

– Enhanced vehicle performance and efficiency

– Improved safety features

– Streamlined design process

– Personalized driving experience

As we move into a new decade, the automotive industry continues to push the boundaries of innovation. With advancements in self-driving technology, electric vehicles, and AI integration, the future of automotive looks promising. These innovations not only improve our driving experience but also contribute to a greener and more sustainable future. Buckle up, because the next decade is set to be an exciting one for the automotive industry!