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7 Tips & Tricks for Your Maiden Property Investment

7 Tips & Tricks for Your Maiden Property Investment

To increase their income people often choose to invest their money. There are several investment options like bonds, stocks, etc. which can give the needed boost to the income. People often want to spend where the risk of losing the money is small. One of the safest investment options is investing in property. If it is the first time you are investing in property, then you may find the process overwhelming. It is important that you are careful when entering into the property business.

Here are some tips that are critical for successful investments in property.

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1. Always Have a Business Plan:

Investing your money is a business whether you are investing in bonds or property. You need to take it seriously and treat it like one. Before you put your money in this business, you need to have a whole plan. You should know why you are investing in property, how much to invest and the returns you expect to see.

2. Get an Expert Opinion:

Getting an opinion from a professional is always a good idea. They know the patterns of industry and where it is best to invest. You can go to your lender or any mortgage broker to get an expert opinion. You need to know exactly what your financial condition is so you can determine how much you can afford to invest. Checking the credit rating, reducing the limit of credit cards and debt is necessary before putting your money in the business.

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3. Keep in Touch with like-Minded People:

It is important to surround yourself with individuals who have a better understanding of the industry like a solicitor, accountant, financial broker, etc. Keeping in touch with people who are also investing in property is important. The advent of social media has made it easy to create an interactive forum. People can share their stories on a social network, and it is an excellent way of learning from the experience of other investors.

4. Know Your Budget:

Before you invest your money, it is important that your budget can handle it. You need to know your expenses and income. You should be aware of the debt levels so that you can keep the property from negative returns. It can happen when the flow of cash is not enough to cover the repayments of loans, taxes, interest rates, insurance, etc. You can also decide the down payment assistance options according to the financial conditions.

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5. Be Realistic while Determining the Demand for Property:

It is important that you calculate the value of the estate realistically. Whether the investment is short-term or long-term, it will get better profits if you are smart and the investment is based on a sound evaluation. The location which attracts more customers can maintain their value among the investors. You also need to consider the resale value of the property if you wish to get a good profit. So make sure that you are paying enough for the property and it can get you the best returns.

6. Get Assistance from an Agent:

Investing in property without professional help is a bad idea. You can always take advantage of the professional opinion of the real estate agents. You need to hire an investor who is an experienced realtor. He will know the technicalities of investing in the property. It is important to understand the terms such as profit, debt, return on investment, etc.

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7. Taking Advantage of the Tax Perks:

If you want to make sure that the property investment is profitable, then the important thing is continuous cash flow. If the bottom line is not stable, then the whole asset base can be in danger. There are so many income tax incentives that are available to the investors of residential real estate. You can take advantage of these incentives to increase the cash flow. You should discuss the possibilities with an accountant so that you can save money.

By keeping all of these important things in mind, you can make your investment highly profitable.

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Last Updated on September 10, 2018

Overcoming The Pain Of A Breakup: 3 Suggestions Based On Science

Overcoming The Pain Of A Breakup: 3 Suggestions Based On Science

We thought that the expression ‘broken heart’ was just a metaphor, but science is telling us that it is not: breakups and rejections do cause physical pain. When a group of psychologists asked research participants to look at images of their ex-partners who broke up with them, researchers found that the same brain areas that are activated by physical pain are also activated by looking at images of ex-partners. Looking at images of our ex is a painful experience, literally.[1].

Given that the effect of rejections and breakups is the same as the effect of physical pain, scientists have speculated on whether the practices that reduce physical pain could be used to reduce the emotional pain that follows from breakups and rejections. In a study on whether painkillers reduce the emotional pain caused by a breakup, researchers found that painkillers did help. Individuals who took painkillers were better able to deal with their breakup. Tamar Cohen wrote that “A simple dose of paracetamol could help ease the pain of a broken heart.”[2]

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Just like painkillers can be used to ease the pain of a broken heart, other practices that ease physical pain can also be used to ease the pain of rejections and breakups. Three of these scientifically validated practices are presented in this article.

Looking at images of loved ones

While images of ex-partners stimulate the pain neuro-circuitry in our brain, images of loved ones activate a different circuitry. Looking at images of people who care about us increases the release of oxytocin in our body. Oxytocin, or the “cuddle hormone,” is the hormone that our body relies on to induce in us a soothing feeling of tranquility, even when we are under high stress and pain.

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In fact, oxytocin was found to have a crucial role as a mother is giving birth to her baby. Despite the extreme pain that a mother has to endure during delivery, the high level of oxytocin secreted by her body transforms pain into pleasure. Mariem Melainine notes that, “Oxytocin levels are usually at their peak during delivery, which promotes a sense of euphoria in the mother and helps her develop a stronger bond with her baby.”[3]

Whenever you feel tempted to look at images of your ex-partner, log into your Facebook page and start browsing images of your loved ones. As Eva Ritvo, M.D. notes, “Facebook fools our brain into believing that loved ones surround us, which historically was essential to our survival. The human brain, because it evolved thousands of years before photography, fails on many levels to recognize the difference between pictures and people”[4]

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Exercise

Endorphins are neurotransmitters that reduce our perception of pain. When our body is high on endorphins, painful sensations are kept outside of conscious awareness. It was found that exercise causes endorphins to be secreted in the brain and as a result produce a feeling of power, as psychologist Alex Korb noted in his book: “Exercise causes your brain to release endorphins, neurotransmitters that act on your neurons like opiates (such as morphine or Vicodin) by sending a neural signal to reduce pain and provide anxiety relief.”[5] By inhibiting pain from being transmitted to our brain, exercise acts as a powerful antidote to the pain caused by rejections and breakups.

Meditation

Jon Kabat Zinn, a doctor who pioneered the use of mindfulness meditation therapy for patients with chronic pain, has argued that it is not pain itself that is harmful to our mental health, rather, it is the way we react to pain. When we react to pain with irritation, frustration, and self-pity, more pain is generated, and we enter a never ending spiral of painful thoughts and sensations.

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In order to disrupt the domino effect caused by reacting to pain with pain, Kabat Zinn and other proponents of mindfulness meditation therapy have suggested reacting to pain through nonjudgmental contemplation and acceptance. By practicing meditation on a daily basis and getting used to the habit of paying attention to the sensations generated by our body (including the painful ones and by observing these sensations nonjudgmentally and with compassion) our brain develops the habit of reacting to pain with grace and patience.

When you find yourself thinking about a recent breakup or a recent rejection, close your eyes and pay attention to the sensations produced by your body. Take deep breaths and as you are feeling the sensations produced by your body, distance yourself from them, and observe them without judgment and with compassion. If your brain starts wandering and gets distracted, gently bring back your compassionate nonjudgmental attention to your body. Try to do this exercise for one minute and gradually increase its duration.

With consistent practice, nonjudgmental acceptance will become our default reaction to breakups, rejections, and other disappointments that we experience in life. Every rejection and every breakup teaches us great lessons about relationships and about ourselves.

Featured photo credit: condesign via pixabay.com

Reference

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