• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Business
  • Commerce
  • Management
  • Insurance
  • Banking Finance
  • Marketing & Advertising
  • Tech

Business Finance Articles

Your First Financial Choice....

  • Education
  • Career
  • Investment & Money
  • Accounting & Taxation
  • Transportation & Logistics
  • Industries

Investment & Money

Ensuring that your Rental Property Remains Safe

Last Updated on December 14, 2022 By Ayesha Saeed Leave a Comment

It’s in every landlord’s best interest to ensure that their respective properties and by extension, their respective tenants remain safe. Failing to regard safety with due importance is liable to lead to unsatisfied tenants, reduced renter retention, and possible legal problems. As such, property safety should be among every landlord’s top priorities. So, regardless of how new or well-kept your property is, make sure to employ the following measures.

Address Maintenance Issues as they Arise

Sitting on maintenance issues instead of addressing them in a timely manner can have serious consequences. Not only is this likely to draw the ire of tenants, but it’s also liable to compromise the overall safety of your rental property. Since many large-scale safety problems start off as relatively minor maintenance issues, it’s in your best interest to address the former before they’re able to become the latter. So, if you have a habit of placing maintenance issues on the backburner, now would be the time to amend your approach to property upkeep.

For starters, you’ll need to enlist the services of full-time maintenance personnel – especially if the property in question is a large multi-family rental. The more units and individual residents a property has, the more maintenance issues are going to spring up. And since most landlords are unable to address every maintenance request on their own particularly when it comes to larger properties – having a dedicated maintenance staff can be a boon to your upkeep efforts and help keep your rental safe for years to come.

If you don’t have the bandwidth to turn being a landlord into your full-time occupation, consider working with a highly-rated property management company. This will ensure that even in your absence, someone will be around to act as your proxy and efficiently delegate tasks to maintenance personnel.

Have the Property Inspected

Having your rental property inspected by a certified professional on a regular basis can be a great way to stay abreast of safety issues. An experienced inspector will be able to identify a host of emerging problems, ensuring that you’re able to tackle them before they’re able to place anyone’s safety at risk. The right inspector will also make you aware of any code violations they come across and make helpful recommendations regarding repairs and renovations. Additionally, keeping track of inspection results and code violations is often a hassle-free process in places that use cutting-edge municipal software.

keys-on-hand-with-parrot-color-key-chain

Screen All Rental Applicants

Screening rental applicants can benefit landlords in a number of ways. For starters, a rigorous screening process can help you determine how likely an applicant is to remain current with rent. Since evicting tenants for nonpayment of rent is often an arduous process, proper screening stands to save you quite a few headaches. Secondly, the screening process can help you identify prospective renters who are liable to pose a danger to other residents and/or the property itself.

With an applicant’s permission, make sure to have a look at their criminal history. To be clear, past convictions shouldn’t necessarily prohibit someone from being allowed to rent from you. However, it’s also important to take the crime(s) of which an applicant was convicted into careful consideration. If these are offenses that could compromise the safety of other tenants and/or the property, taking a chance on them may not be in your best interest.

So, no matter how bothersome you find the screening process, you should never abstain from carrying it out. Just because someone is able to present themselves well in an in-person interview or phone conversation doesn’t mean they’d make a good tenant. If you simply can’t be bothered to undertake the screening process on your own, reach out to a good screening service or delegate this task to a property manager.

It’s only natural that landlords would strive to protect their respective rentals. After all, should any harm come to their properties, they’re liable to find their finances adversely impacted. Furthermore, if any tenants are inconvenienced or injured as a result of a landlord’s refusal to prioritize safety, lawsuits and other legal consequences are likely to follow. That being the case, no landlord can afford to regard safety as an afterthought. Fortunately, with the advice outlined above at your disposal, protecting a rental property should be well within your abilities.

ayesha saeed
Ayesha Saeed

A happy mom, professional article writer, SEO practitioner, blogger, guest blogger & freelancer. She’s been in digital marketing since 2018. She loves reading books and spending time with her family.

Filed Under: Investment & Money

How to Prevent Yourself from Purchasing the Wrong Investment Property

Last Updated on February 21, 2023 By Ayesha Saeed Leave a Comment

Whereas purchasing the right investment property can be a long-term boon to your finances, purchasing the wrong one is liable to leave you suffering from an acute case of buyer’s remorse. Considering how much capital is in play with most investment properties, you’d do well to avoid making such large purchases in haste. So, before committing to purchase your first investment property, make a point of doing your homework and steering clear of the following missteps.

Recognize the Importance of Location

When it comes to investing in properties, a few factors are as important as location. Since the location of a property plays a significant role in determining its overall profitability, you’d be wise to engage in some research before proceeding to put down an offer. By looking closely at an area’s population size, rate of growth, local economy, home prices, and rental rates, you can get a clear picture of how much demand for housing that area has. Needless to say, areas in which housing is in high demand tend to have higher property values and rent prices than areas where demand is on the wane. So, if you’re looking to turn an investment property into a rental, this is worth taking into consideration.

Given how important location is to real estate, investors who are limiting themselves to properties in their respective locales may want to reconsider this approach. After all, if you live in an area in which demand for housing is low to nonexistent, an investment property may not be the wisest use of capital.

Conversely, branching out into other cities, towns and states can expand your options exponentially and increase your chances of making a profitable investment. So, before beginning your real estate journey, you may want to research the best cities to invest in real estate.

Know the Condition of the Property

One of the best ways to prevent yourself from purchasing the wrong investment property is to insist that a professional inspection take place. No matter how flawless you think a property is, there could be serious problems lurking beneath the surface – problems that non-professionals are unlikely to spot. So, even if you’ve personally gone over the property with a fine-toothed comb, it’s important to understand that you aren’t a certified inspector and are therefore likely to miss certain problems. Furthermore, without a professional inspection, you may find it impossible to purchase insurance for the property.

Regardless of how forcefully a seller pushes back against the idea of an inspection property, just remember that as a buyer, a formal inspection only stands to help you. For example, if an inspector uncovers problems that you hadn’t been made aware of – or problems that the seller never knew about – you may find yourself imbued with enhanced bargaining power. Furthermore, if the results of an inspection reveal the presence of problems that are massive in scope and exorbitantly expensive to address, you may ultimately deem a property to be unworthy of your time, effort, and money.

Work with Licensed and Insured Contractors

If your first investment property requires any repairs or renovations, take care to work exclusively with contractors who are licensed and insured. As a cost-cutting measure, some investors opt to hire contractors who lack both licensing and insurance. Since they tend to charge comparatively lower rates, it’s easy to see why working with unlicensed contractors would strike fledgling investors as a financially savvy move. However, doing so can prove far more draining on your resources than doing business with licensed contractors.

Whereas licensed contractors have an obligation to maintain a certain level of honesty and professionalism, unlicensed contractors are bound by no such rules. As such, they have very little incentive to be upfront with clients, guarantee their work or stick with jobs until they’re finished. Furthermore, if a contractor who lacks proper insurance is injured in the course of working for you, you may find yourself shelling out a small fortune to cover their medical costs.

Few decisions can facilitate a more serious case of buyer’s remorse than purchasing the wrong investment property. Although smart real estate investments can generate massive returns, it’s important to understand that not every property you come across is going to prove profitable. Fortunately, preventing yourself from making unwise property investments is easier than you may think. So, if you’re looking to minimize your chances of making an investment you’ll come to regret, simply put the tips outlined above to practical use.

ayesha saeed
Ayesha Saeed

A happy mom, professional article writer, SEO practitioner, blogger, guest blogger & freelancer. She’s been in digital marketing since 2018. She loves reading books and spending time with her family.

Filed Under: Investment & Money

Global Space Entrepreneurs & Their Successful Path to the Stars

Last Updated on December 9, 2022 By Jason Obrien Leave a Comment

Today’s space industry is led not only by government agencies with enormous budgets. In fact, the New Space age is primarily driven by private funds and entrepreneurs passionate about space exploration. Many space giants we follow on social media today were born into ordinary families, gradually building their way to success. Jeff Bezos, Richard Branson, Max Polyakov, Elon Musk — all of these people invested time and effort into seemingly risky projects that eventually paved their way to the stars. Want to know exactly how the famous space visionaries got started? Then keep on reading.

Table of Contents

  • Jeff Bezos
  • Elon Musk
  • Paul Allen
  • Robert Bigelow
  • Max Polyakov
  • Richard Branson

Jeff Bezos

Jeff Bezos made his fortune in a typical Silicon Valley way. He graduated from the University with an engineering degree and worked for several major US tech corporations, including IBM, Bankers Trust, and Andersen Consulting.

During the dot-com boom in 1993, Bezos got the idea of opening an online store that would sell books from his garage. Obviously, very few people believed in the success of such an endeavor at the time. Still, Amazon did sell its first book in 1995, and just one year later, the site sold $15.7 million worth of merchandise. In 2017, the entrepreneur took Amazon public, raising $54 million on IPO.

Today, Jeff Bezos’ net worth is estimated at $137.8 billion, and most of this wealth comes from Amazon. And even though he retired as the company CEO, Bezos still owns 11% of all Amazon shares.

Still, Jeff’s primary passion is space, which is why he actively engages in developing his other company, Blue Origin. Every year, Bezos invests $1 billion into Blue Origin and space exploration. In 2021, the billionaire joined a crew of first orbital tourists who went to space onboard the Blue Origin New Shepard rocket.

Elon Musk

Elon Musk is one of the most famous entrepreneurs today, and even people who do not follow space news know about SpaceX. However, Musk’s first success also emerged during the dot-com wave.

In 1995, Musk and his brother started a Global Link Information company, later rebranded as Zip2. This was a searchable online directory, similar to Yellow Pages. The site included a list of local businesses with phone numbers and map locations. PC-maker Compaq Computer purchased Zip2 for $307 million in 1999, making 27-year-old Elon Musk a millionaire with $22 million dollars to his name for the 7% of sold company shares.

Musk did not stop there and started another online company — this time, in the finance niche. Eventually, it went through a merger and got transformed into PayPal as we know it today. Even though Musk was forced to resign from the CEO position, the compensation was fair — $180 million.

The story of SpaceX began in 2002 when Musk invested $100 million of his own funds to launch a private aerospace business. Clearly, the investment was well worth it.

Paul Allen

Paul Allen is mostly known as a co-founder of Microsoft Corporation, along with his school friend Bill Gates. However, Allen’s professional career has even more impressive achievements.

It all started when Allen and Gates dropped out of University to adapt the BASIC software to microcomputers, which was used only on large devices at the time. As we all know, they succeeded, which secured aspiring tech giants a contract from MITS company. Shortly afterward, Gates and Allen established their own company, originally spelled Micro-Soft. On a side note, it was Paul Allen who came up with Microsoft name.

Allen resigned as Microsoft tech officer in 1983, several years after being diagnosed with Hodgkin’s disease. However, he kept his position on the company’s board of directors, which brought him enough money to buy a baseball team, generously donate to charity, and even create his own venture fund to expand the investment network.

In 2000, Allen resigned from the Microsoft board of directors as well and sold all of his company shares. Paul used the money to sponsor his dream of space, investing in SpaceShipOne, which soon became the first private spacecraft to reach space with a manned crew onboard. In 2011, he founded Stratolaunch Systems Corp., a company sending satellites and, one day, people to space.

Paul Allen’s estimated worth at the time of his passing reached $20.3 billion, making him the 44th richest person in the world, according to Forbes in 2018.

Robert Bigelow

Robert Bigelow may not be as famous as other entrepreneurs on this list, but he is an unquestionable example of a space enthusiast. In one of his interviews, Bigelow shared that his main goal for going into the real estate business was to make money to invest in space technology later. He achieved both, building a series of hotels and apartments from the late 1960s till the 1990s.

First, Bigelow used his real estate profits to create National Institute for Discovery Science, aimed at studying paranormal phenomena. The decision stemmed from the businessman’s utmost conviction that aliens are among us even now.

A few years after that, Robert invested in Bigelow Aerospace, a company manufacturing expandable modules for the space station. But the entrepreneur’s dreams went beyond that, and Bigelow planned to invest another $500 million into building the first-ever private space station.

Robert Bigelow’s prior real estate experience did leave a trace, so when the entrepreneur announced his plans to build an inflatable hotel in orbit, people saw it as a logical continuation of his legacy.

Max Polyakov

One more world-class space entrepreneur, Max Polyakov, was born and raised in Ukraine. This, however, did not stop him from becoming one of the top 100 wealthiest men on Earth, accumulating a fortune of $540 million by 2021.

Passion for space and technology has always been one of Max Polyakov’s primary drivers. Growing up in a family of Soviet aerospace engineers in one of Ukraine’s major space hubs, the future entrepreneur inherited not only passion but also talent and skill for science. Polyakov founded his first company, outsourcing software services when he was still a student. After raising enough money, he scaled the project even further, establishing a string of successful IT businesses in gaming, marketing, and online dating.

In 2005, Max Polyakov co-founded IDE Group, bringing several IT companies, including Murka, Cupid, Maxymiser, and HitDynamics, together. Just a few months later, the latter was acquired by a US company Hitwise for $6 million. In 2015, Maxymiser raised another $26 million and was sold to Oracle Corporation. Cupid eventually became a major international dating network, and in 2010, Cupid PLC went IPO on London Stock Exchange, making Polyakov the first Ukraine-born tech entrepreneur with a company listed in London. Just a year later, Cupid brought $83 million in revenue.

With enough money to pursue space, Polyakov founded EOS Data Analytics (Earth Observing Systems) company through his investment fund Noosphere Ventures Partners. In 2017, he invested $200 million into US company Firefly Aerospace. The Alpha rocket made its debut launch, which ended in anomaly, in 2021, but a year later, in October 2022, Alpha reached orbit.

Richard Branson

Sir Richard Branson is one of the wealthiest and most influential entrepreneurs today. He started even earlier than most people on this list, at the age of sixteen. His Student magazine, which interviewed celebrities, made a profit from advertising, earning almost $8,000 with its first issue.

In 1969, Branson got the idea to use his magazine office as the mail-order record business. That is how the world-famous Virgin came to life. Branson used the first Virgin profits to go even further and established a recording company Virgin Records in 1972. Eventually, it became one of the top recording studios worldwide, working with Ozzy Osbourne, The Rolling Stones, and many other brands that made music history in the 20th century.

Later, Sir Richard kept expanding his Virgin network, launching Virgin Video, Virgin Books, and plenty of other enterprises. In two years, he built over 50 different businesses that brought over $17 million dollars in revenue every year. 

But Richard Branson kept aiming higher and higher, which is how he launched Virgin Atlantic — a luxury airline with the highest quality of onboard service. Then, in 2004, he decided to go beyond our planet’s atmosphere and founded Virgin Galactic. Now, Branson is working towards offering affordable space tourism flights, and even though there is some obvious tech progress in this area, the ticket prices are sadly not for everyone’s pocket just yet.

Even though today’s space industry is mostly led by private companies instead of state agencies, it is still a very costly and risky undertaking not everyone is willing to invest in. Thanks to people like Paul Allen, Max Polyakov, Richard Branson, and many other space enthusiasts worldwide, we’ve seen an unprecedented peak in space technology development. More importantly, most people on our list do not plan to stop any time soon, so the next few decades promise lots of excitement for all space fans out there.

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Business, Investment & Money

Bitcoin Mining: Unfolding its Details

Last Updated on December 5, 2022 By Ifama Leave a Comment

Bitcoin mining generates new Bitcoins. In this way, the miner has to solve the mathematical problems for verifying the transactions in currency. While the Bitcoin is mined successfully, the miner receives an incentive in the form of bitcoin. Bitcoin is a cryptocurrency that has gained massive popularity because of its fluctuation over the years, and it was also the first cryptocurrency in this crypto world. You can check here at this Application. When Bitcoin and cryptocurrency prices have touched the sky in recent years, it is likely understandable that mining has gained much popularity. Before heading to be a part of the crypto world, one must get acquainted with all the key aspects of crypto investment.

Table of Contents

  • How Does it Work? 
  • How can you Start With Bitcoin Mining?
  • Types
    • CPU Mining
    • GPU Mining
    • ASIC Mining
    • FPGA Mining
    • Cloud Mining 
  • Conclusion

How Does it Work? 

To add any block to the blockchain, the Bitcoin miners have to complete complicated mathematical problems, which will require the usage of high electricity and expensive computers. If the minor can come to the correct answer, then only the entire mining process will be completed. This process of solving a complex mathematical problem is known as proof. The miners have to guess that hash by making guesses quickly. Once the miner completes the process, they are awarded some bitcoins. The profit of a miner will depend upon the expense of the machine and the electricity consumed.

How can you Start With Bitcoin Mining?

To start Bitcoin mining, you will need several things. Check the below things to start Bitcoin mining.

  • Wallet: Here, you will receive all the earned bitcoins through mining; the wallet is the encrypted account, allowing users to accept transfers and door Bitcoin or any other currencies. Several companies offer wallet services for cryptocurrency.
  • Mining software: There are several free mining software providers, most of which can be used on Mac and Windows computers. You must connect the software to the hardware if you are mining Bitcoin.
  • Computer requirement: This is the most expensive part of Bitcoin mining, and you will need an extraordinary computer that uses excessive electricity to mine the Bitcoin successfully. It is not shocking that the hardware cost can go up to $10,000 or even more.
crypto trading Bitcoin

Types

When it comes to Bitcoin mining, there are various ways of doing that. Each of these methods can deliver several levels of power and rewards; let’s glance at the types of Bitcoin Mining.

CPU Mining

When Bitcoin was launched and mined for the first time, mind through CPUs, it is also known as the computer’s brain, which contains every circuitry needed to process the output and input results. 

GPU Mining

When Bitcoin gained popularity and acceptance over the years, the competition between the miners also increased, and GPU mining entered the arena. GPU systems are mainly used for video editing and gaming and are more efficient for mining than CPUs.

ASIC Mining

ASIC Mining is a type of software mainly designed for mining this system; this proved 300 times more potent than the GPU and CPU miners. These mining rigs are expensive, ranging from around $3000 to $20,000. With so much electricity cost and power consumption with network difficulties, minors might be slightly high-priced.

FPGA Mining

When choosing between less and high costs, you might search for the medium in this tug of war. FPGA Mining Is the medium you are searching for, and this can be the best option for those searching between GPU and ASIC Mining. This mining software is also known for stabilizing the hashing power because this software is not limited to any particular cryptocurrency. 

Cloud Mining 

This method has gained colossal popularity nowadays. This is a process where a Bitcoin miner can purchase a mining service or be on track from the mining provider specializing in mining rigs. It facilitates the users to mind the Bitcoin without wearing any maintenance requirements and sunk cost of the hardware setup. The miner must be cautious in selecting the word cloud miner to avoid fraud or scams.

Conclusion

Now you are aware of everything regarding Bitcoin mining. Most the investors are motivated to invest in cryptos. Make sure to take advice from a professional to get the best results. You should also invest some time to learn about the crypto market and how it performs before making an investment.

Ifama

Hi! This is Ifama. I am a student and giving my services in SEO. I have a lot of experience in digital marketing. Travelling is my hobby and I love visiting different hilly areas and doing adventures.

Filed Under: Investment & Money

Bitcoin Vs. Litecoin:- The Best Investment in 2022

Last Updated on December 5, 2022 By Jason Obrien Leave a Comment

For all these years, Bitcoin has been in the limelight among investors and has become a synonym for cryptocurrency. We have witnessed significant growth in the popularity of cryptocurrencies over a few years, and the public interest has fluctuated dramatically in the ender crypto world. In this article, we will compare Bitcoin and Litecoin and see which one is a better investment today.

Since Bitcoin was launched in the crypto world, several other people’s currencies have grown from it, and Litecoin is one of them. Litecoin is based upon the same verification and blockchain as Bitcoin, but several differences will help you to choose the right one according to your goals and interests.

Table of Contents

  • Bitcoin
  • Litecoin
  • Similarities
    • Proof of Work (PoW)
    • Transactions and Storage
  • Key Differences
    • Market Capitalization
    • Distribution
    • Transaction Speed
  • Conclusion

Bitcoin

Initially, it was created as a novelty, turning into exchangeable currency, investment, and controversial commodity. It depends upon the community and decentralized computing power to maintain the security and validity of the database known as the blockchain.

Litecoin

Charlie Lee introduced Litecoin in 2011. It was introduced to the market as the light version of Bitcoin. Litecoin was created in reaction to the tendency to gravitate toward centralization. 

Because of this, Litecoin adopted several features of Bitcoin, and the developers felt they were working for Bitcoin in their initial stages. Litecoin has several aspects that its development team has improved.

Similarities

Before we jump into the key differences, let’s learn about some similarities between Bitcoin and Litecoin. Litecoin has various features, such as a unique hashing function, increased supply, and faster generation, which make it unique in this crypto sphere. But Litecoin and Bitcoin come with several similarities, like decentralized crypto, which encrypts by any central or government authorities. 

Proof of Work (PoW)

Litecoin and Bitcoin use proof of work, a famous block creation method. For instance, Walmart crypto miners solve complicated math equations using the hash algorithm to reach a consensus through their networks. After adding the blocks of a transaction to the blockchain, the miners are given some block rewards.

Transactions and Storage

Do you know why investors love to choose Litecoin and Bitcoin over any other cryptocurrency? It’s because of their very simple transaction facilities. These cryptocurrencies can be exchanged or purchased by using any trading platform. The mining methods of these cryptocurrencies are more evil and straightforward than others, and there are other similarities, including regulations, prices, simplicity, etc.

Key Differences

Apart from the similarities, these two cryptocurrencies have considerable huge differences. Let’s learn the key differences between these cryptocurrencies.

Market Capitalization

In this area, Litecoin and Bitcoin he first significantly. Bitcoin is popular because it is mined in large mining pools and farms. The demand for Bitcoin has risen highly because of its boosted price in recent years. The light coil has a small market capacity as it has lower demand than Bitcoin. 

Cryptocurrency

Distribution

This is another significant difference between Litecoin and Bitcoin. In the distribution part, Litecoin differs because Bitcoin can never go mode more than 21 million coins, but Litecoin can go up to 84 million coins. 

By reading the above statement, you might think Litecoin has a huge advantage over Bitcoin. The demand and supply, besides the price of investment and commodity, and the investors and consumer sentiments, are all in the form of Bitcoin, whereas Litecoin falls apart. Anyone looking for a long run and wanting to achieve big in 10 to 15 years might choose Bitcoin to fulfil their financial goals. It would help if you remembered to do extensive research on both of these coins before investing a penny into them.

Transaction Speed

The transaction speed is very high on both of these cryptocurrencies. The Bitcoin transaction time confirmation is around 10 minutes, which can vary up to the network traffic, whereas Litecoin completes the transaction in two to three minutes. You will be amazed that Litecoin was created to prioritize transaction speed.

Conclusion

When it concludes, choosing the best one from these two becomes challenging. Have high potential growth in the future, but no one can guarantee you the future of cryptocurrencies. If you want to purchase any of these cryptocurrencies, then you can research these and take help from professionals to get the best results. Most investors are investing in Bitcoin and Litecoin on the thebitcoinloophole.co for its high security and transparency. 

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Investment & Money

Binance Vs Coinbase:- Which One is Better?

Last Updated on December 5, 2022 By Ifama Leave a Comment

If you are into crypto trading, you must be aware of these popular crypto exchanges, Coinbase and Binance. Here, we will compare these two exchanges regarding security, features, and available currencies. But before jumping into the war between these two, you must know that Binance has a separate exchange for US investors known as Binance US. It has very few coins listed than the main website. The Coinbase platform was designed to keep the usability of the investors in mind. Let’s start with the comparison.

Table of Contents

  • Cryptos Available
  • Security
    • Binance Security
    • Coinbase Security 
  • Features
    • Binance Features
    • Coinbase Features
  • Conclusion

Cryptos Available

Are you planning to buy some cryptocurrency like Ethereum and Bitcoin? If yes, you might not have to look at the list of cryptos available in these two leading exchange platforms. To get into small crypto tokens, you must look deeply at these crypto exchanges. 

Both Coinbase and Binance have decent coin selections. However, there is occasionally variation between Coinbase and Binance, but not enough. You can get almost every cryptocurrency on these two platforms.

Security

Coinbase and Binance offer high security for protecting digital assets. Here are some security options you can check out on these platforms.

Binance Security

  • Trust Wallet:- Binance do not have a digital wallet, but they partner with the Trust wallet, which is the leader of digital wallets. The trust wallet protects the assets with a secret Pin, encrypted key and biometric access, and a 12-word recovery.
  • Address Allow Listing:- Binance provides address allow listing. It restricts access to the address that might withdraw the cryptos, and these addresses will be saved in the book and block the other address from accessing the funds.
  • Two-Factor Authentication:- Binance even offers 2FA through Google Authentication or an SMS app.
  • Advanced Verification:- Binance verification is required to unlock access to the platform, and it ensures that no one can use their identity to create a fake account. To complete this verification, you must upload your government ID and photo.

Coinbase Security 

  • Wallet:- Coinbase offers digital wallets to store cryptocurrency. The wallet is secured with biometric access and a password; this event has encrypted 12-word recovery to protect the assets.

Bitcoins Wallet
  • 2FA:- Coinbase offers 2FA via email or SMS. It helps to secure access to the account by requiring some time-sensitive passcode.
  • Crypto Vaults And Storage:- Coinbase is the only exchange that holds your assets in cold storage, and exchange keeps cryptocurrency in cold storage, which helps to protect the assets from online thieves.
  • Offer Crypto Vault:- Bitcoin vault is another security measure provided by Coinbase for your protected crypto assets. These vaults can be configured to demand several user confirmations when funds are removed, which is a means to stop illegal withdrawals. These, too, imply that when the withdrawal request is not approved in full after 24 hours, the transaction will be annulled.

Features

Both Coinbase and Binance allow users to sell and buy cryptocurrency easily. Here are some extraordinary features of these two popular exchanges.

Binance Features

  • User rewards: Binance holds several challenges, and giveaways increased their user base and interaction on their website. The users claim the prizes in their rewards section. Binance even hosts several crypto airdrops for the cryptos, which will be listed on the platform.
  • Binance Acade: Binance Academy is a free educational resource the cryptocurrency exchange offers. The Binance Academy seems to be a destination for everything cryptocurrency, offering anything from basic crypto classes to sophisticated trading training.
  • Advanced charting: Binance even allows its users to create some charting views with several indicators and overlays.

Coinbase Features

  • Free education:- Users can watch brief instructional videos provided by Coinbase that guide them through various bitcoin initiatives. These films are viewable on the mobile app and website, and anyone who watches them will receive some free crypto.
  • Newsfeed: Coinbase even offers a newsfeed for its users to get the latest crypto developments and market updates. This fee even curates the article from the web to give the best changes and trends in the crypto market.
  • Price alerts:– Coinbase allows users to set up alerts about the price changes where they want to track several cryptos. Using a watchlist of the currencies, the users can view updates.

Conclusion

There are several cryptocurrencies you can buy from various exchanges. If you want to buy crypto, then you must research sufficiently to start your journey. You can also login at bitcoins circuit and trade in the cryptocurrency of your interest. The platform is known for its high transparency and security.

Ifama

Hi! This is Ifama. I am a student and giving my services in SEO. I have a lot of experience in digital marketing. Travelling is my hobby and I love visiting different hilly areas and doing adventures.

Filed Under: Investment & Money

Tips for Buying a House During the Holiday Season

Last Updated on November 29, 2022 By Ayesha Saeed Leave a Comment

The holidays are a busy time of year, but if you’re in the market for a new home, it’s a great time to buy. Prices are typically lower during the holidays, and there’s less competition from other buyers. But because of the extra hustle and bustle at this time of year, it’s important to remember some essential tips when shopping for a home during the holiday season. Follow these tips to help you score a great deal on your dream home.

Table of Contents

  • Get Pre-Approved
  • Don’t Let the Decorations Distract you
  • Get Knowledgeable about the Real Estate Market
  • Be Flexible with your Timing
  • Get a Professional Home Inspection

Get Pre-Approved

Getting pre-approved for a mortgage before beginning your search will save you time and hassle. This step will also let you know exactly how much house you can afford, helping narrow your list of potential homes. Most importantly, a pre-approval letter can give you an edge over other buyers when making an offer.

During the holiday season, lenders may be busier than usual. People may find it harder to get mortgages approved quickly, so plan ahead and get pre-approved as soon as possible. Give yourself plenty of time by starting the process early. A good rule of thumb is to begin the process no later than eight weeks before you plan to buy a home. This will give you ample time to get everything in order before the holidays arrive.

Don’t Let the Decorations Distract you

When touring a home during the holidays, it’s easy to get distracted by all of the decorations and festive atmosphere. But don’t let this take away from the primary goal of your visit: to determine if the home is a good fit for you and your family.

Take time to look beyond the decorations and focus on the home’s essential features, such as its layout, condition, and any major repairs that may be needed. This will help you decide if the house is a good fit before making an offer. Some buyers even choose to make offers on holiday-decorated homes, as the sellers may be more willing to negotiate. You’ll need to remember to factor in the cost of any decorations or repairs before signing on the dotted line.

Get Knowledgeable about the Real Estate Market

You want to ensure you’re getting the best deal possible on your new home, so it’s essential to do some research before starting the house-hunting process. Brush up on local real estate market trends, average home prices in the area, and any taxes or fees that may apply to your purchase. This will help you determine a fair offer price when it comes time to make an offer.

business-men-shaking-hand

Work with a knowledgeable real estate agent who can answer any questions and provide expert advice on the various properties you’re considering. An experienced agent can also help you find the best deals and negotiate an excellent price for your home. But because the holidays are a busy time of year, start the process early, so you don’t miss out on any great opportunities.

Be Flexible with your Timing

If you’re willing to close before the end of the year, you may be able to get a better price from the seller. Many sellers want to close on a sale before the end of the year for tax purposes, so they may be willing to negotiate a lower price if you can meet their timeline. Ask your real estate agent to help you determine if the seller is open to this idea.

But if you’re not in a rush, you may still find great deals during the holidays. To get the best bang for your buck, look for homes slightly out of your price range or in an area you hadn’t considered initially. You may be able to find a great deal on a home that you hadn’t considered otherwise.

Get a Professional Home Inspection

Just because it’s the holidays doesn’t mean you should skip the home inspection. A professional inspector can look for any potential issues that may not immediately be apparent during the tour. This is especially important when buying a home that may have been neglected or hadn’t been updated in years.

Getting an inspection can also give you leverage to negotiate a lower price if any major issues are found. Be sure to factor in the cost of any repairs or renovations needed when making an offer. You may also consider getting a pest inspection if your area is prone to infestations.

Buying a house during the holiday season can be an excellent opportunity to get a great deal on your dream home. Make sure you give yourself plenty of time to research the market, tour potential homes, and obtain any necessary inspections. Working with an experienced real estate agent can also help you negotiate the best price, so be sure to start the process early. With a little planning and some patience, you can find your perfect home this holiday season. Happy house hunting!

ayesha saeed
Ayesha Saeed

A happy mom, professional article writer, SEO practitioner, blogger, guest blogger & freelancer. She’s been in digital marketing since 2018. She loves reading books and spending time with her family.

Filed Under: Investment & Money

Investing in Multifamily Properties? Know the Principles of finding Multifamily Property Cap Rates?

Last Updated on November 28, 2022 By Ayesha Saeed Leave a Comment

Cap rate is one of the various metrics used while investing in real estate. It gauges the property’s net operating income over its asset value. In addition, it measures the potential rate of return of any real estate investment property. This ratio is much more helpful in comparing similar real estate properties. The cap rate can be used along with the risk involved in the property, be it age or inferior location. For example, cap rate multifamily refers to the expected rate of return on the multifamily residences.

Table of Contents

  • Investing in Multifamily Properties
  • Principal of Finding Multifamily Property Cap Rate
    • Risk Analysis
    • Investment Vetting
    • The Opportunity Cost of Capital
  • Factors Affecting Cap Rate
    • Location
    • Market Size
    • Asset Stability
    • Capital Liquidity
  • Conclusion

Investing in Multifamily Properties

Rental properties are the best fit for those who want extra monthly or a passive income. The best cap rate for a rental property, whether a building or apartment complex, in 2022 is 4% -12%. A high capitalization rate indicates a higher return or potential to generate higher returns in the coming time, and a lower cap rate is associated with lower risk. On the other hand, a higher cap rate signifies a low asset-price investment. So it becomes riskier.

Calculating the risk and whether or not one should invest in a real estate property is a 1 percent rule. This gives a fair idea of the ideal cap rate on rental properties, as it advises that the property’s monthly rent should be equal to or greater than that property’s 1% upfront cost. Investing in multifamily properties is full of risk and vulnerabilities, but it is a safe investment in various scenarios. These depend on numerous factors affecting the return on the real estate property.

Principal of Finding Multifamily Property Cap Rate

Risk Analysis

The ideal risk-reward ratio depends on an investor’s interests and risk appetite. Higher the risk, the higher the chances of returns. If the ROI is taller, the danger is also more.

Investment Vetting

The benchmark should be clear and act as an indicator of multifamily investment to compare various properties of the same range. This will give an evaluation of potential investments. One can also use past market trends, historical multifamily cap rates, location history, the age of the building, and other information.

The Opportunity Cost of Capital

This is the cost that an investor will invest in real estate rather than using it for in-house development or any other work. The investor is interested in projecting only if he will get more return than opportunity cost capital.

Factors Affecting Cap Rate

Location

The property’s location plays a vital role in the real estate business. Risker locations can be proven to be offering higher returns.

Market Size

The larger the market size, the more competition and the lower the cap rates, while the small market can have higher cap rates.

Asset Stability

The stability of the investment property is also responsible for defining property value.

Capital Liquidity

The property’s capital flow plays a key factor as it decides the net operating income.

Conclusion

Cap rate has proven to be one of the best tools when used along with other parameters to analyze return before investing in any property. Therefore, it becomes a vital process in cap rate multifamily investment. Investors consider measures like gross rent multiplier, internal rate of return, return on investment, etc., to ensure sound investment and get a reasonable cap rate.

ayesha saeed
Ayesha Saeed

A happy mom, professional article writer, SEO practitioner, blogger, guest blogger & freelancer. She’s been in digital marketing since 2018. She loves reading books and spending time with her family.

Filed Under: Investment & Money

How to Calculate Home Loan Eligibility Online

Last Updated on November 25, 2022 By Ayesha Saeed Leave a Comment

Buying a house nowadays has become easier as several financial institutions are providing home loans with flexible tenure. Several financial institutions offer home loans at a competitive interest rate and require minimal documentation.

You can also use a home loan to renovate your home. However, eligibility for a home loan depends on a number of variables, including the amount of your monthly income, your age, credit score, monthly expenses, and your overall ability to repay the debt. You can calculate your home loan eligibility using a home loan eligibility calculator. This will save you both time and effort.

Table of Contents

  •  How to Use Home Loan Eligibility Calculator
  • Eligibility Criteria for Home Loan
  • Important Factors Affecting Your Eligibility for a Home Loan
    • Age
    • Income
    • CIBIL Report
    • Loan Repayment Tenure
    • Additional Financial Commitments
  • Ways to Improve your Home Loan Eligibility
  • Top Financial Institutions Home Loan Eligibility

 How to Use Home Loan Eligibility Calculator

This tool is available online. You can easily calculate your home loan eligibility by providing your gross income, tenure, rate of interest, and other EMIs (if any).

Eligibility Criteria for Home Loan

Below are the details about the eligibility criteria that you must fulfill in order to obtain a home loan:

Employment TypeSalariedSelf-Employed
Age LimitBetween 23 to 26 yearsBetween 25 to 70 years
Annual Income₹10,000 monthly or above₹2 Lakhs annually or above
Work ExperienceMinimum 3 yearsMinimum 5 years (Consecutively)
Type of ResidencePermanent or non-resident Indian (NRI)
Required Credit Score750 or above

Important Factors Affecting Your Eligibility for a Home Loan

Age

The lender uses your age to estimate the number of years you will have to repay the loan. This is one of the factors that make it challenging for people to lock in a longer payback term time with the lender when they are in an advanced stage of their life. In order to make the house loan EMI repayment process smoother, it is advisable that you apply for a home loan during your years of highest earning potential.

Income

Your income also plays an important role in establishing your eligibility for a home loan. The lender may determine how you will handle your funds for house loan EMIs based on your salary. Hence, you should have a reliable source of income when applying for a home loan because it will improve your overall eligibility.

CIBIL Report

When reviewing your home loan application, lenders will consider your CIBIL report. It determines your creditworthiness. When you apply for a home loan, the lender pulls a report from the CIBIL database. You have a better chance of approval if you have a CIBIL score of 750 or above. It may also influence the rate of interest on your home loan. 

Loan Repayment Tenure

Choosing an extended payment term for your home loan will increase your eligibility. A longer-term reduce your EMI obligations, making them more bearable.

Additional Financial Commitments

Individuals with a debt-to-income ratio of 40:60 are preferred by lenders. Your prospects of being approved for a mortgage are higher if this ratio is low. An excessive number of open credit accounts does not present a favorable picture since it suggests bad credit activity.

Ways to Improve your Home Loan Eligibility

Prospective borrowers and homeowners can increase their chances of getting a mortgage in a number of ways. Some strategies which you may use to increase your ability to obtain a mortgage are listed below:

small house laptop and papers on table
  • Include a relative as a co-applicant.
  • Get an organized repayment plan.
  • Make sure you have a consistent income and stable finances.
  • Describe any extra revenue sources in detail.
  • Keep track of the variable elements of your pay, such as incentives, bonuses, and one-time cash payments, among other things.
  • You must file a dispute right once if you discover any mistakes with your CIBIL score. Typically, a credit agency needs between 30 and 45 days to remedy errors.
  • A good credit history is essential. You must not have any remaining debt and a good repayment history.

Top Financial Institutions Home Loan Eligibility

Financial InstitutionLoan ValueMax Repayment TenureAgeMaximum Loan Value on Property Value
Bajaj Housing Finance Limited₹2.5 Crores30 years23 to 70 years85%
ICICI Bank₹5 Crores30 years21 to 65 years85%
PNB Housing Finance Limited₹15 Crores30 years21 to 65 years85%
Home First Finance Company₹40 Lakhs20 years21 to 68 years90%
LIC Housing Finance₹15 Crores30 years21 to 70 years80%
Union Bank of India₹15 Crores30 years18 to 75 years90%
Shubham Housing Finance₹50 Lakhs20 years21 to 65 years80%

FAQs

  1. What are the prerequisites for a home mortgage?

Below are the eligibility criteria for a home loan:

  • You must be a citizen of India.
  • You must have at least three years of stable employment.
  • You must be between 23 and 62 (may vary across the lender).
  1. What are the minimum qualifying requirements for an NRI for a home loan?

Non-Resident Indians (NRIs) are considered by lending banks if they earn $3,000 per month (for the United States and other countries) and have been actively working in their profession for a total of two years. However, this condition may differ from lender to lender. Additionally, the age of the candidate must be at least 24 years and no older than 60 (may vary across the lender).

ayesha saeed
Ayesha Saeed

A happy mom, professional article writer, SEO practitioner, blogger, guest blogger & freelancer. She’s been in digital marketing since 2018. She loves reading books and spending time with her family.

Filed Under: Investment & Money

How to Become an Independent Trader in 2023?

Last Updated on November 15, 2022 By Ifama Leave a Comment

A person who is far from trading is not familiar with the basics of this direction and, in general, what trading is. In simple terms, this is trading assets on the stock or foreign exchange market, as well as profiting from the difference in price between buying and selling assets. On the exchange, you can trade different types of assets, from currencies to securities. As a platform for such activities, you can use Forex or an exchange.

The principle of trading is based on the fact that in order to wait for a profit, it is necessary to catch the moment when the value of an asset rises and then sell it. That is, the higher the price, the greater the profit. It sounds simple and it seems that anyone can become a trader. But the question is how to become an independent trader in 2023. Not everyone can succeed in this area, because it is very difficult to increase your capital and even more difficult not to lose it. Therefore, it is necessary to understand this issue in more detail.

Table of Contents

  • What Markets should a Beginner and an Experienced Trader Start with?
  • Independent vs Freelance Trader: What’s the Difference?
  • How much does a Freelancer Earn?
  • Guide to Becoming an Independent Trader
  • What is the Best Trading?

What Markets should a Beginner and an Experienced Trader Start with?

Interest in trading has not subsided for several years, primarily due to the specifics of this area. Many people dream of becoming traders just for the money. But not everyone understands the risks and that in fact it is not as easy as it seems. Of course, with the help of available tools, you can start trading with almost $100 in your account. You can start trading with a minimum amount and gradually gain experience, increasing capital. This path is especially suitable for beginners, but this is a temporary solution. The question is how to quickly move to more serious trading and get more profit.

To get started, select the market you want to work with:

  • currency;
  • stock;
  • commodity and so on.

Each market has its own specifics, but there is a general rule for all – do not trade without a plan and preparation. The DotBig brokerage platform can help you with this, where there are useful training materials for beginners and social trading tools.

When talking to a broker, you can focus on one of the markets. Many users are interested in cryptocurrencies, stocks or CFDs. However, it is not certain that this will suit you. To begin with, it is worth analyzing all the financial markets available for trading. It should be understood that many of the markets are interconnected and influence each other.

Also keep in mind that trading in some financial markets may be long-term, while others may be shorter-term. Take, for example, the mortgage market, which has a huge amount of long-term loans, while money markets are focused on the execution of contracts in a shorter time.

Beginners are advised to start with simpler markets such as stocks. To understand how it works and whether it will be possible to make money on it.

Independent vs Freelance Trader: What’s the Difference?

Once you have decided what you want to work with, you need to choose the format in which you want to trade. Traders can be both an independent and independent unit, and work in a company. One way or another, the career of a professional trader looks promising. But do not forget about the risks that are pursued at every step.

First of all, remember that a trader works with a lot of money and at any time, due to careless actions, he can lose everything. But there is a difference in whose money you are losing, if you are a salaried trader, working on behalf of an investor or using a loan. In this case, you will still make a profit, because. employers are willing to pay between $500 and $5,000 depending on the responsibilities and capital involved. This option is more stable and less risky.

freelancer trader

With freelancing, everything is more complicated, because self-employed specialists who use their money are involved in this. The trader is directly dependent on himself in terms of profit. But there is a significant plus of the freelancer’s activity – absolute independence and independence. Independent traders use only the methods they like, and do not work under dictation. They also do not need additional external support in making trading decisions.

How much does a Freelancer Earn?

The profit of a freelancer directly depends on him. In addition, this is not a constant amount, but a variable and can vary depending on the initial capital. Because of this, it is impossible to form an absolute expression. More precisely, everything is expressed as a percentage.

It is worth noting that a freelancer’s profit largely depends on practical experience, which self-employed specialists have much more due to their own approaches to trading. Sometimes a freelancer’s salary can reach several thousand or even tens of thousands of dollars. But to achieve such results, it is important to observe a few simple conditions:

  • large starting capital;
  • good educational base;
  • attentiveness;
  • knowledge of trading psychology.
  • This is the only way to talk about good profits and that the trader has succeeded.

Guide to Becoming an Independent Trader

A trader is considered independent only if he does not give in to outside opinion. For such a specialist, only his own opinion is important, which he does not refuse. Such a trader will not look for evidence, but will focus on his own knowledge and skills, because he is confident in them. Such a specialist will not go over strategies just because someone told him how to do it better.

One of the strengths of an independent specialist is that he is very disciplined and insists on his own. At the same time, ln checks his strategy several times before making sure that it works.

In general, anyone can be an independent trader. But to become such a specialist, you need to be able to trust your intuition. Here are a few simple steps to help you get on the path to independence:

  1. Start relying only on yourself.
  2. Don’t listen to other people.
  3. Use only your strategy and don’t give up on it.

To consolidate the result, additionally start working with forex brokers.

What is the Best Trading?

Trading is a field in which thousands of people are involved. This direction is no longer new, but continues to attract new players. Buying and selling assets is becoming more and more understandable, as more and more auxiliary tools appear for traders to help with this.

By using various tools, you can become an independent intelligent crypto trader and trade in the markets that interest you. The broker has favorable terms of cooperation, allowing you to buy any assets and sell them to large investors at an attractive price.

Ifama

Hi! This is Ifama. I am a student and giving my services in SEO. I have a lot of experience in digital marketing. Travelling is my hobby and I love visiting different hilly areas and doing adventures.

Filed Under: Investment & Money

  • « Go to Previous Page
  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to page 4
  • Go to page 5
  • Interim pages omitted …
  • Go to page 26
  • Go to Next Page »

Primary Sidebar

House Security-Backed Mortgage
chip
Global supply chain
office meeting for Mastering Business Management
Packages
Mock test
apy vs apr
person hand holding paperboard and calculator, papers and book on a table
Sale for land
woman hand holding Pointer and writing in Notebook
home office meet in young boy and girl's
laptops on white table
girls hand on paper and man writes on it
consider every opportunity in your life as a road to a better future
businessman near stand in Window and using smartphone
woman hand holding black book and near man working
person using calculator and papers on table
a person scanning his credit card
Insurance Trucking Company
car accident
man use Shot Peening Machine
Hiring lawyer
property-insurance
Contingent Beneficiary
money in the envelope

Footer

  • About US
  • Contact Us
  • Blog
  • Comment Policy
  • Terms & Conditions
  • Privacy Rights
  • Privacy Policy
  • Follow Us On
  • – Google News
  • – Facebook
  • Entrepreneur Skills
  • Business Cycle
  • Business Ideas
  • Speculator
  • Be Wealthy
  • Psychology in HRM
  • HRM in Business
  • Businessman Qualities
  • Salespeople Types
  • Health & Business
  • Business Success Rules
  • Stress At Work
Copyright © 2018-2022 BFA