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Education in Real Estate

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Education in Real Estate 1
An Education In Real Estate 

Education in Real Estate 2
Real Estate Education 

There are many people that are venturing out and searching for additional ways to make additional income. That is to be expected when it comes to real estate. Real estate has been a popular investment for many years. 


Many millionaires made their first million dollars in real estate. So it should come as no surprise that Real Estate Investing is being glamorized by celebrities like Donald Trump and various television shows that depict real estate investing as a big money maker.
Real Estate Investing can be all that celebrities and television program make it out to be, but it is not as easy as it looks. 

Real Estate Investing requires knowledge of different techniques that can be used when trying to buy, sell, negotiate or repair a house. 

Without this type of specialized knowledge real estate investing can be a monumental disaster. Here is ROBERT KIYOSAKI STRATEGIES FOR REAL ESTATE INVESTING

Education in Real Estate 3
Interior home view

Having laser specific knowledge can mean the difference between success or failure. Knowledge is what separates those that invest in real estate and those that talk about investing in real estate. 

The knowledge that is required is not difficult to master. In fact, just about anyone can be a successful real estate investor. 

I have seen people from all walks of life and educational backgrounds go on to be successful real estate investors. 

One man that I know and admire very well became a successful real investor despite the fact that he first had to learn how to read. 

It is possible for anyone to learn how to invest in real estate.


Who should learn more about real estate investing? 
Anyone that is considering buying property as an investment should become educated before doing so. Rentals, foreclosures, rehabs, lease options and various other techniques are tried everyday by real estate investors. 

In most cases however, only the investors who have taken the time to educate themselves will be successful. 
Also, anyone that is considering buying or selling houses on their own (without a realtor) is at considerable risk of financial loss if they don’t get an education before venturing out into unchartered waters.

Education in Real Estate 4
Real estate 
There are many different types of educational opportunities. One can always purchase books from the local bookstore to get some advice. 

There is also a large number of websites that cater to real estate investing. Some of these sites will sell home study courses that, in some cases, give a thorough, explanation, training and education on various real estate investing topics. 

One may also find coaching and mentoring online to help those that don’t believe they are quite comfortable enough yet to do real estate deals on their own. 

Some colleges and Universities have also started to teach real estate investing.

It is never too early to start the educational process. 

Real Estate Investing can be a very lucrative business. It can also bankrupt those that are not ready to invest or that do not understand how to minimize the risks that come with the real estate investing territory. 

In the end every one that invests in real estate is doing so at their own risk. 

A proper education in real estate investing is a great way to minimize that risk and start one on a path of financial freedom.


Money Making Opportunity 

Education in Real Estate 5
Real estate sale

Are you currently looking for ways to make money? Ways that don’t involve working a traditional nine to five job? If you are, you may come across many scams; however, there is good news. 

With a little bit of research, you should be able to find a number of legitimate money making opportunities. 

One of those opportunities involves real estate investment.


If consider yourself to be unfamiliar with the real estate market and all of its happenings, you may not necessarily know what real estate investment is. 

Real estate investing is where an individual, who can be considered a real estate investor, buys a piece of property. 

That property is often repaired or updated, if any repairs or updates need to be made. 

Once the real estate investment property purchased is in top notch condition it is either resold or rented out to tenants. This is where the opportunity to make money comes in.

When it comes to real estate investment, there are many misconceptions associated with it. 

One of those misconceptions is that only those who are rich or have unlimited financial resources are able to become real estate investors. 

This just simply isn’t true. Yes, you will need money to originally get started in real estate investment, but you don’t have to be loaded with it. There are many real estate investors who start out small and then expand from there. 

For instance, some real estate investors start out with only one or two real estate investment properties and then use their profits to buy additional properties. This approach is nice because it also gives you the opportunity to see if real estate investment is the right money making opportunity for you.

If you would like to try your hand at real estate investing, it is advised that you take the time to familiarize yourself with it. When it comes to doing so, you have a number of different options. 

Online, you should be able to find a number of websites that aim to educate hopeful investors, just like you, on how to make money with real estate investment properties. 

You can also find many books or resource guides on the subject. 

There are also many real estate investment courses available for you to take. What is nice about these classes is that many are offered locally, while others are offered online. 

Investing a small amount of money to buy real estate investment how-to books or take a training course are good ways to learn as much as you can about the real estate investment business, such as how you can make money with it.

Starting your own real estate investment business is just one of the many opportunities that allow you to be your own boss, but it is one of the better ones. As a reminder, 

You don’t need to be rich to invest in real estate. Honestly, all you need is a little bit of start up cash and the need to succeed. ©Mitrobe

Education in Real Estate 6
Mitrobe Quotes 



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6 Comments

6 Comments

  1. oprolevorter

    May 18, 2019 at 10:00 pm

    I’m really loving the theme/design of your blog. Do you ever run into any browser compatibility problems? A couple of my blog visitors have complained about my website not working correctly in Explorer but looks great in Chrome. Do you have any solutions to help fix this issue?

    • Mitrobe

      May 19, 2019 at 10:09 am

      Edit your blog appearance, reduce the use of CSS files and wp optimize your site.

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  3. Sang Zorilla

    May 19, 2019 at 2:20 pm

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  5. Matt Gilman

    May 19, 2019 at 4:23 pm

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Business ideas

Top 10 Ways to Start a Business Online For Less Than $500

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Start a business online

We’ve heard several fulfillment stories of Internet entrepreneurs like Jeff Bezos, who started out Amazon.Com from his garage, the use of reasonably-priced plywood to assemble desks.

There are ratings of others and that they never fail to make new marketers feel a little crushed or dare I say, jealous.

Well no longer each commercial enterprise has the rewarding ability of a number of those a hit agencies however it’s no cause for you not to have a worthwhile commercial enterprise of your own.

After you examine this article you’ll never should ask again, “I’m barely making ends meet. How can I start a business? “

Unfortunately, the bills don’t stop coming in only due to the fact you’ve decided to start a business. In truth, they seem to boom exponentially.

Your achievement, as finances-aware entrepreneur, will depend upon wondering and planning clever.

Mitrobe

Below are 10 approaches to begin business for less than $500.

1. You may have to make some sacrifices but that is what small business is all about, at the least at first.

2. If you don’t already personal a laptop, buy a used or refurbished laptop.

With computer costs losing normal(new computer systems are starting at around $500), you may effortlessly reap an low priced, and fairly up to date computer for much less than $two hundred.

If that’s nevertheless more than you want to spend, recollect you can usually take a look at out what nearby corporations offer loose laptop use.

3. Start along with your local library!
For a professional internet website online, use a template earlier than hiring a expert.

Templates can begin at as low as $25 a piece. You can usually hire customized design offerings when you develop.

4. Use commercial enterprise report templates to offer professional invoices, letters, and contracts that you could without problems personalize.

5. Submit articles like this one to numerous e-zines without cost visitors.

Operating completely at the Internet is the exceptional manner to dramatically lessen startup expenses.

6. You can discover low cost and characteristic packed web hosting for less than $10 a month.

And custom domain names may be registered for beneath $10 per year.

7. Offer your knowledge on various net web site boards without cost self-merchandising.

Make sure you adhere to the submission guidelines of every website online.

8. Submit loose press releases concerning your new business on http://prweb.Com
Starting a provider commercial enterprise means you do not need to put money into any preliminary inventory!

9. Start a small pay-consistent PPC-click marketing campaign for beneath $200 to check your provide and produce in initial site visitors.

10. If you have got a retail business, make the preliminary orders on-demand, meaning you don’t purchase any stock until a person makes the acquisition.

Make certain you include the introduced time body whilst you estimate the anticipated shipping date in your customers.

The idea is to hold thinking creatively about how you may invest your dollars so that you can avoid spending an excessive amount of in anybody vicinity earlier than your business has verified itself.

You can redevelop your finances as you cross along and feel pretty at ease doing so. You by no means realize, you can be the subsequent large success tale.

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Forex

Forex Basic | learn how to read a Forex quote

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Forex basic | learn how to read a Forex quote

As a general rule, each currency has a three letters symbol, which is used in Forex quotes.

The first two letters identify the name of the country while the third letter identifies the name of that country’s currency.

For example:

• AUD (Australian dollars)

• JPY (Japanese yen)

• CHF (swiss francs)

•CAD (canadian dollars).

When trading currencies, the trade is always done in pairs and so when you buy one currency, another currency is simultaneously being sold.

Forex trading

The most commonly traded currency pairs are

• Euro and US Dollar (EUR/USD)

• US Dollar and the Japanese Yen (USD/JPY)

• US Dollar and Swiss franc (USD/CHF)

• British Pound and US Dollar (GBP/USD)

The most commonly traded currency pairs are made from the most common and actively
traded currencies which are called the “Majors”.

The list of currencies below consists of the Majors

• USD (US dollars)

• EUR (European Euros)

• GBP (United Kingdom pounds)

• JPY (Japanese yen)

• AUD (Australian dollars)

• CHF (Swiss francs)

• CAD (Canadian dollars)

When quoting currency pairs, the first currency is referred to as the Base currency while the second referred to as the Counter or Quote currency.

The currency pair is used to represent how much Quote currency is required to exchange

Example:

• EUR/USD 1.3500 mean that one Euro is traded for 1.35 USD.

As such the Base currency is always equal to 1 monetary unit of exchange.

The dominant base currencies are, in order of frequency, the EuR, GBP, and USD.

When a currency is quoted against the US Dollar it is called a direct rate.

Any currency pair that does not trade against the US Dollar is referred to as a cross rate.

So what takes place once a trade is taking place?

Example:

• You buy British Pounds with the US Dollars – (GBP/USD), anticipating, the Pound to increase in value relative to the Dollar.

If the Pound rises relative to the Dollar, you sell the position (you Sell British Pound) and have made a profit.

Keep in mind that there are no standard cross-currency Quotes.

Some have the base currency on the top while others have it on the bottom.

So how can you tell which is which?

You need to know at least one pair of currencies and which one of the pair is the more valuable.

Dominant Base Currencies

• Euro – EUR/USD, EUR/GBP, EUR/CHF, EUR/JPY, EUR/CAD

• British Pound – GBP/USD, GBP/CHF, GBP/JPY, GBP/CAD

• US Dollar – USD/CAD, USD/JPY, USD/CHF

The Pip

The pip is the smallest unit of change in which a currency pair can move.

In the Forex world, currencies are traded in fractions of a Cent, or Euro, and so on.

Nearly all currency pairs consist of five significant digits and most pairs have the decimal point immediately after the first digit, with four decimal points to follow.

For example

EUR/ usd is equals to 1.3377.

In this example, a single pip equals the smallest change in the fourth decimal place – that is, 0.0001.

Therefore, if the quote currency in any pair is USD, then one pip always equal 1/100 of a cent.

The only notable exception to this rule is the USD/JPY pair where a pip equals $0.01.

A numeric example

You buy the EUR/USD, which is quoted with five digits in all out of which 4 decimals, at 1.3530 and sell it later at 1.3542.

The difference would be +12 pips, or. 0012.

However, in the case of the uSD/JPY currency pair, one has to make a note that it is quoted with only 2 decimals.

And so if you bought the uSD/JPY at 110.51 and it then went down to 110.31 where you have sold it, the difference would be -20 pips, or. 20 pips loss.

The pip difference would determine your calculation of profit/loss on the trade.

As mentioned earlier, the quote currency is translated into a certain number of units of the base currency.

For example

A quote of EuR/uSD at 1.35 means that, for every 1 euro, you get 1.35 uS dollars.

When the price of the quoted currency goes up, it indicates that the base currency

is becoming stronger and so one unit of the base currency will buy more of the quote currency.

On the other hand, if the price of the quote currency falls, the base currency is becoming weaker.

The Bid and the Ask

Forex quotes are shown in ‘bid’ and ‘ask’ prices.

The Bid is the price at which the market
maker is ready to buy a given currency

pair and so at this price the trader (seller) can sell the base currency to the market maker,

The Bid is shown on the left side of the quotation.

On the other hand, the ask is the price at which the market maker is ready to sell

given currency pair and so at this price the trader (buyer) can buy the base currency from the market maker,

The ask is shown on the right side of the quotation.

The ask price is also called the offer price.

Symbol Bid Ask

EUR/USD 1.3517 1.3520

Over the above Quote sample we can buy from the market maker one euro for 1.3520

american dollars, or sell one euro for 1.3517 american dollars to the market maker.

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Investment

Budgeting for retirement | Practicing the 7 Baby Step Strategy

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Budgeting for retirement | Practicing the 7 Baby Step Strategy

Remember those retirement dreams? The first step in making those dream come true is to get out of debt.

And the best way to do that is to follow the Baby Steps.

The seven Baby Steps are like a road map for your money.

They also act as guardrails to keep you from spending where you should not.

The Baby Steps help you get out of debt; save money for emergencies, retirement, and college for the kids; pay off the house; and give away buckets of money because you have been able to invest and save wisely.

Check out the seven steps below and decide which one you are on.

Retired granny

Baby Step 1: Save a $1,000 starter emergency fund.

This may not seem important, but without saving in the bank, you are just asking Murphy (Murphy’ law) to visit you or precisely move in for a few months. Only use it in emergencies.

Hint: a new pontoon boast is not an emergency.

Baby Step 2: Pay off all debts.

Now pay off all debts except your mortgage.
That’s another step from smallest to largest with the debts snowball.

To use the debt snowball, pay off your smallest debt first, whether it is $15 or $2,000.

Make the minimum payments on the other debts.

Once the smallest debt is paid off, use that money to tackle the next smallest debt, and so forth,

it is like a snowball gathering speed and momentum downhill, only it is your money that is making headway towards a debt free life and the retirement of your dreams.

Baby Step 3: Build your fully funded emergency fund of three to six months of expenses.

Notice I said expenses, not your salary.

This fund will cover your food, mortgage, utilities and other necessities in case you can’t work for some reason (illness, family emergency, layoff etc.) check out how to cut of expenses living a frugal lifestyle

Baby Step 4: Invest 15% of pretax income info retirement savings

If you make $3,000 a month, then you should invest $450 in a retirement fund like a 401(k) or 403(b).

if your employer will match your contributions, take advantage of that opportunity.

It is like putting free money into your retirement account!

Baby Step 5: Invest for your kids college savings

I recommended using an Educational savings account (ESA) if possible.

An ESA will allow you to invest $2,000 per year, per child, if your income is under $200,000.

If you want more information about savings for your kid’s college check out this other strategy College saving 529 Strategy

Baby Step 6: Pay off the house.

No, I am not kidding.

Yes, this is possible! Imagine the money you can put toward retirement once you don’t have a mortgage to worry about!

And before you say it, there is no “good” debt even for tax purposes.

Say you have $10,000 in interest payments in a given year.

The taxes on $10,000 (if you were in a 25% tax bracket) would be around $2,500.

You would be giving the bank $10,000 in interest in order NOT to pay the government $2,500.

That’s dumb, As much as the government wastes money, I would rather give Uncle Sam $2,500 than give the bank $10,000.

Baby Step 7: Build wealth and give a bunch away

This is what you have been dreaming of! As you continue to invest your money, you can watch it grow to fund your dream retirement.

The great news is that you also get to give to others, which feel greats! You can give to charity, your grandkids (or even great grandkids!). or a nonprofit whose passion you share.

Mitrobe Advice

Remember, debt is not just about borrowing money you don’t have, it is also about borrowing from your retirement dream.

Every dollar you spend to pay debt is a dollar you could have used for investing in your retirement future!

Let’s look at the Golden rules of creating true wealth.

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