Real estate investment covid

mine, and how things change.cepat! If you’re still investing, I want to know how to adapt and what you see in the future. I’ll start with some of the changes we’ve made.

Note: Most of what I share is what we’ve experienced and changed in our own business. This is largely based on our experience in real estate investment in 2008-2010.

Forward. Historically, the real estate sector has continued to function, only needing to adapt to market changes. Sue:
Stay flexible . Learn more about . funded, stay involved in online networking groups – local and national – to keep up with the changes that need to be considered when that happens.
We have improved our marketing. why?
People will need money, which means selling ownership of their employees or relatives. We want to be available when all possible assistance is needed.
Fewer investors are already buying for fear of the future and lack of funding, so there’s no better time to be on the market for years!
learn. What we have seen recently is what we saw in 2006-2007; what we saw in 2007 is what we saw in 2007. Everyone lags behind in real estate investment because it’s so easy. As businesses become more complex, there are great opportunities for those who are ready, enlightened and educated.
Buy at a cheaper price. We all know that the future is uncertain. Price costs may decrease significantly in the coming months/years. Sellers also know this, so many want to sell as soon as possible. They also understand that you take risks when you shop, so they understand when you offer less than they expect. And so, too, you take risks. Make sure that when you make an offer that this is a price you can live with if costs fall over the next 3-6 months.
Real Estate always sells well, so buying a property that can be converted quickly – now is not the time to buy a great repair!
Buy and sell almost. This is a great time to learn how to take your job virtually. We are currently carrying out due diligence online, requesting permission to tour the facility to take photos, and then asking the seller to send us a photo of the interior himself or leave the property when we enter and take photos. Sellers appreciate our interest in their luxury. We asked them to allow a tour of the property before it closed to make sure that their own photos didn’t eliminate what we needed to know.
Be prepared for longer days on the market when it comes to selling. Take a look at the local market days to get an idea of what to expect. When lenders start drying up and/or increasing their loan needs, there will be fewer qualified buyers, and sales and closures will take longer.
Expect lenders to tighten their borrowing requirements.
We have seen private lenders stop lending for fear of future risks and the need to keep their money safe for themselves.
Many lenders make it difficult for money to stop lending together, because they combine loans and sell them. These loans are no longer purchased, so these lenders no longer lend.
Banks have stopped making big loans, which means they’ve been worried and reacting.
Almost everyone who still lends has begun to claim that borrowers have more money on hand, higher credit scores and stronger applicants around. In addition, points and interest rates are rising.
The most expensive properties will be the first to slow down, so focus on properties below the average environmental price (and you know how much it costs!).
Expect this “event” to last a while – perhaps years. In 2008, the general response was that the worst was over and things would start to get better. However, things continue to deteriorate.
Remember that we are entering a “new reality” soon, and what is to come is difficult to predict. Stay informed, stay flexible, stay informed, and stay in touch with other investors. There’s always money in . Do you agree or disagree with what I share?

What changes have you made or planned in the future?

The recession is here? Six costly mistakes home sellers make during the recession and how to avoid them

The United States is officially in recession. What is stagnation? A recession is a contraction of the business cycle or a general economic downturn due to a significant decline in spending and other business activities. Most critics and politicians would blame the Covid 19 crisis for a recession, but even before Covid-19, the same writing was on the walls.

The United States has experienced more than 120 months of economic growth, the longest expansion in recent history. Other indicators, such as the negative yield differential on Treasury bonds (long-term bonds with lower interest rates than short-term notes), point to imminent changes in economic cycles and imminent recessions. The only real question is: when and how bad?

Then came Covid-19… If the cycle is going to change anyway, Covid-19 has acted as a huge and unexpected accelerator to make the recession more urgent and severe.

All categories of real estate, including residential homes and residential units, are bound to be badly affected during a recession, as lower consumer spending and high unemployment affect property prices and marketing timing.

Here are six expensive mistakes real estate and other home sellers make during a recession and how to avoid them:
#1 mistake: This will pass and the real estate market will be hot again soon
The first thing to remember is that the real estate cycle is much longer than the general economic cycle. Even if the public economy recovers, which it always does eventually, a typical real estate cycle takes 10 to 15 years. This cycle has four main stages: up, down, down and high.

Let’s take a look at the last real estate cycle, which lasted almost 14 years:

2006 – Price reached. 2006 to 2012 – Low price
2012 – The price reaches the bottom of the trough. 2012 to 2019 – Price increase* 2020 – Price reached. 2020 for? Cheap price *Note: In 2016, the National Residential Property Price Index reached its pre-recession peak in 2006. It took 10 years for the real estate market to recover.
The way to avoid this mistake is to recognize that the real estate cycle takes years to run and plan for it. Moreover, no one knows for sure when the price will reach higher or lower even after that happens.

#2: Low interest rates will make the economy and real estate market recover.
Between 2006 and 2011 interest rates (Fed funds) continued to be cut by the Federal Reserve and rose from a low 5% to almost 0%. However, this has not stopped the real estate recession and property depreciation.

Low interest rates have undoubtedly made the economic downturn and mortgage recession less severe and saved some properties from foreclosure, but the real estate market took a painful six years to bottom out and then another four years until prices returned to pre-recession levels.

Some markets have never fully recovered. For example, housing prices in parts of California, Arizona and Nevada remain below their 2006 highs.

To avoid this mistake, one must realize that while low interest rates help stimulate the economy and the real estate market, they do not overcome them.

#3 mistake: I don’t need to sell now, so I don’t care.
If you don’t need to sell until the cycle plays out, which is usually more than ten years, you won’t be affected because, especially if you have a strong stock position, limited mortgage debt, and solid liquid assets.

However, it’s good to keep in mind that “life happens” and professional or personal circumstances can change and we may need to sell real estate before deflation gets down on track.

Additionally, if the property is mortgaged and its value has decreased to an “inverted” level, meaning that the mortgage loan balance exceeds the property’s value, the options to sell, refinance or even obtain a line of credit for the stock will be severely limited.

This doesn’t mean that everyone has to quickly sell their property if they don’t have to, keep in mind that conditions can change and property options are often affected, so plan ahead. As the wise say: “Dig your well before you thirst.”

#4 mistake: I’m selling, but I won’t sell for less than my “bottom line” price.
This is a common mistake and can be very expensive. In general, every seller wants to sell at the highest price and every buyer wants to pay the lowest price. This is nothing new when selling real estate, most people

Protect yourself with 5 This insurance

Insurance is a must. Nowadays, most of our big financial decisions mean buying or getting insurance. Before you can drive, you need to rely on car insurance. Before you can buy a new home, you need to rely on housing insurance. Even if you purchased an Apple tool, you can choose an Apple Care key.

We’re in danger every day. To manage or reduce this risk, we need insurance. This is the only way we can protect ourselves from future unforeseen events.

For most of us, insurance issues can be very technical. There’s a lot you need to know about any insurance policy. There are hundreds and different types of insurance on the market. Choosing the best for ourselves can sometimes be very difficult.

To help you with your decision, here are 5 insurances you need.

1. Health insurance

This is the most important insurance policy we have to rely on ourselves and our families. It gives us protection from hospital costs. Depending on where you are, medical expenses can be a huge burden if left unprotected. Some rich countries offer this to their citizens for free. But for most countries, it’s something they have to buy to protect them. There are different types of health insurance on the market. Make sure you choose the best one that suits your needs.

2. Health insurance

It’s not enough to have health insurance in case of a serious illness, you may become unemployed or rest for an uncertain period. If you have a serious disease diet, you can get the lump amount to help you make recovery time. Even if health insurance pays your hospital bills, they won’t give you pocket money during your stay in the hospital. Serious illness insurance should be in addition to your health insurance. Choose policies that give serious illnesses a complete list of them. Make sure it also covers all the steps of the disease.

Accident insurance

This policy gives us accident protection. In addition to medical treatment in the event of an accident, there is also a lump count in case of accidental death or accidental mutilation. Accidents happen, and accident plans help reduce this risk. Some medical papers do not cover outpatient care in the event of an accident. Against a separate incident plan is an advantage.

4. Death and disability insurance If you have a family that depends on you, you need this policy. These are legacies you can leave if they disappear prematurely. When you accept this policy, it usually covers death and total disability. There is a lump sum if one of the two. Coverage in the event of death usually covers all causes of accident or disease. On the other hand, full disability coverage is self-inflicted in accordance with the insurance provided by the policy. You can have different explanations or covers in this section. Be sure to read your contract policy for more details.

5. Investment/Pension Insurance

Finally, if you still have the money, you can take advantage of investment or retirement policies. Once you have every other insurance policy to cover your risk, now is the time to plan your future. Invest to earn your money and plan your retirement. There are a variety of investment policies offered by most insurance companies. Check out their previous performance to help you identify mutual funds that can give you the best return on your money. Even if past performance is not a guarantee of future returns, it will definitely help you decide.

Buying insurance is a long-term obligation. Do your due diligence and don’t rely solely on the information provided by your agent. Understand the fine print and make sure you know the pros and cons and types of health insurance you need to rely on. Make an appointment with more than one insurance agent to make a comparison before you can decide which one.

Health inequality: Minimizing the impact of social inequality in patient care

The United States has a long and well-documented history of systemic inequality. These differences exist in many areas, including employment, education, housing and health. Healthy people 2020 define health differences as “certain types of health differences that are closely related to social, economic and/or environmental disadvantage. Health disparities affect groups of people who systematically face major health barriers because of their ethnic or ethnic groups; religion; social and economic status; gender; age; age; Mental health; Cognitive, sensory or physical disabilities; sexual orientation or sexual identity; geographic location; or other historical discrimination against or !.!.! Exception.
Women and ethnic minorities have been shown to receive less accurate diagnoses, reduce treatment options, reduce pain management and achieve fewer clinical outcomes. Pregnancy-related mortality rates among non-Hispanic black women were 3 to 4 times higher than their non-Hispanic Caucasian counterparts. In 2014, researchers found Alaska natives and natives had a 60 percent higher mortality rate than their white counterparts. Black and Hispanic women have been shown to have higher rates of unwanted pregnancies than their Caucasian counterparts, which are also associated with some unwanted perinatal outcomes. Even outside the civilian health system, there is a difference between ex-military combatants in terms of access to health care, the use of health care and the high prevalence of some chronic diseases. As with health care in general, access to mental health care and a lack of health insurance are associated with significant differences in mental health care among ethnic minorities.

With this in mind, healthcare providers need to ensure that they do their part not only to raise awareness of community complaints, but also to see what impact they can have on patient self-management and collaborative care planning between caregivers and patients. 10. The strategy below is not a comprehensive solution to systemic problems, but only the first few proposed steps to start a dialogue, strengthen system assessment and highlight the importance of continuous monitoring and improvement of operations.

Self-assessment:
Beware of constantly monitoring our implicit biases around groups other than us. Promoting cultural competence as a base through training in staff training, expert advice in this field, anti-racism education, case counseling and peer reviews.

Ask a question:
Don’t be afraid to politely ask your patients and colleagues instead of assuming that certain practices, beliefs, and behaviors apply to all members of a particular ethnic or ethnic group.

Coordinated maintenance planning:
Remember that treatment planning is a process of cooperation between patients and care providers. Allow patients to express their opinions and actively listen to their concerns.

Drug compliance challenges: !.!.!. Regular assessment of drug compliance in patients. Discuss non-conformity and factors that may have an impact on compliance, including historical or cultural mistrust and/or medical barriers.

Family relationships and dynamics:
Make it easy for patients to discuss their concerns in private in the absence of a spouse or family member. Discuss the treatment plan described with the partner only with the patient’s consent. For minors, he encourages parents to allow a time frame where their adolescence can be seen for themselves before a parent or guardian finally joins an appointment.

Language barrier:
Enable the use and organization of professional translators first. Don’t assume that patients want their friends or family members to be aware of their health information because they take them to their appointments. Normalize the use of translators and explain that this is not a disadvantage to reduce confidence about limited English proficiency.

Financial barriers:
When prescribing treatment recommendations, you should be aware of the associated costs that may interfere with or comply with drug control. If possible, to facilitate the patient’s access to the drug discount program. Do not assume that all patients are covered by health insurance.

Traffic block:
Discuss with patients whether they can access recommended follow-up appointments or other medical consultation appointments. If possible, discuss how to schedule multiple appointments on the same day to reduce increased costs or fuel costs, or a patient’s dependence on others during transportation.

Patient survey:
Use patient surveys for feedback on the treatments they receive. Pay special attention to trends and areas that are constantly missing. Develop a plan to take corrective action to address complaints and concerns.

Staff training:
Organisations are encouraged to ensure that staff are regularly trained in cultural skills, including how various demographic factors affect patient care. Ensure that employees incorporate cultural competency expectations into normal processes and procedures.

The disadvantage of using a credit card to pay COVID-19 medical bills

Insurers waived the cost of diagnostic tests, and some of the waived visitation fees were related to the tests. You’ll need to check your insurance and stay informed of changes from state to state for rigorous testing or service that will be canceled and for any period. However, you can still pay a large medical bill if you need to handle COVID-19, so follow the design of the health care policy on direct costs of COVID-19, as it changes rapidly.

At the time, many people paid for most of their purchases with their credit cards. Some also do so with their medical bills. However, the question is: Is it wise to pay your medical bills for COVID-19 with your credit card? It depends. Here are some things to consider to help you decide whether to use your credit card to pay your medical bills.

Benefits of using your credit card to pay medical bills .
Accessibility: Credit cards are widely accepted and are always sufficient when the service provider does not receive a check. It is also a great option in cases where you cannot write a check or pay cash for the procedure.
Convenience: It’s easy to get a credit card if you meet your credit requirements. It’s easy to get it as soon as it serves.
Interest rates: Credit cards sometimes offer promotional periods with low interest rates or interest-free rates. This gets better when you use it with an APR period of 0%. However, your interests do not accumulate until the APR period.
Rewards and benefits: You can get rewards from your credit card provider when you use the card to create your bill.
Develop positive payment records: Your credit card can help you grow your balance of positive payment records if you make payments on time.
Disadvantages of using a credit card to redeem medical bills . Insurance: Make sure you know exactly what your insurance is, because recovering your money after paying with your credit card can be tedious and time consuming. There is a high probability that insurance coverage related to COVID-19 treatment will change, as this is a new health issue.
Low credit score: You can cause serious damage to your credit points if you don’t default on credit card payments for more than thirty (30) days and your supplier reports late payments to the office. Fortunately, healthcare providers can’t report your payment at least six months late;
Increased debt: Much of the medical debt carries no interest. However, if you take credit on your card and don’t have a 0% rate, you can collect interest when using your card to pay your medical bills.
Additional steps to follow when paying medical bills . Learn about payment options: Don’t wait until there’s an emergency before you know your payment option, because an emergency isn’t the best time to make wise financial decisions.
Check your medical bill: Your bill may be burdened with errors. So, always check to make sure you don’t pay duplicate errors or invoices.
Confirm insurance coverage: Make sure your insurance covers what needs to be captured. It may take a few phone calls to your insurance company if your package policy booklet is unclear.
Negotiate your bill: You can negotiate anything, including health care. You can try negotiating a reduced balance with your healthcare provider using your insurer’s average cost estimate or online resources. But remember, that each state is unique and can make you more complex.
Bill payment plan: Most likely, your healthcare provider will be open to meaningful payment plans. Maybe at that time you can only pay X, but in 60 days you can pay more. Ask your service provider to consider your situation given that your doctor or medical institution also does business.
Get a home equity loan line: Owning a home can get a medical loan at a reasonable interest rate. However, you may lose your home if you don’t pay it off, so you may want to try getting a loan from a family member or friend.
Filing for bankruptcy: While this may seem extreme, you might think about it when other options don’t work out and your maximum is the kind of thing you need to start anew.
Using your credit card to pay your medical bills, including coronary virus treatment, can be a quick fix, but can lead to additional long-term negative consequences. Evaluate your situation and all available options.

If you’re travelling without travel insurance, then something to worry about

Travel is a matter of experience and who can say that it can not be done with travel insurance? You can explore the world without so much financial security if you wish, but that doesn’t mean you need it. If you travel without health insurance it has become a great risk .
Yes, many passengers have no objection to travelling without insurance. It’s one of the things that doesn’t give priority. They are very confident that nothing is correct, and most of the time they return home they are happy and satisfied s.
But what if there’s an unfortunate incident and you can’t afford it? This is exactly the purpose of the insurance. Without it, your travel plans can go wrong and you can destroy yourself. In the same sense, there are worrying things here if you travel without insurance .
Medical emergencies in other countries.
Without travel insurance, travel absolutely without health insurance. You may have a European Health Insurance Card (EHIC), but it’s not enough to provide you with insurance coverage if you need urgent medical treatment .
Travel insurance will help you pay for medical expenses incurred during your trip. From drugs, from abdominal pain to surgery, it is covered by travel insurance. Many policies will cover at least 1 million euros. Otherwise, you will have to pay all the expenses, including a round trip, and it will be a great financial loss .

Sudden change of
This includes cancellations, delays, restrictions, missed departures and travel suspensions. These scenarios happen every day, and can happen to anyone when you don’t expect it. As you travel, you have to prepare for the worst before you start.

With travel insurance, you protect yourself from simple but annoying and expensive accidents. This is your best protection against these sudden changes. But if not, you have to think about what you’ve to pay.
Personal responsibility during your visit

When you travel, you just sit in your hotel and watch nothing on TV. You will do outdoor activities such as going to the beach, camping in the city, famous tourist attractions and more trips .
Although it is a good time, accidents can always happen. What happens if you accidentally lose your rental motorcycle, accidentally injure someone or damage someone’s property? This is a personal event for which travel insurance is applied.

If you don’t have it with you, you have to settle the dispute yourself and even pay for the damage you’ve done. You should take this situation into account in advance, especially if your itinerary includes many external activities .
That’s it!!!! That’s it!!!! Travel insurance provides you with insurance during your trip. Without them, your activities are limited because you are very afraid that something bad can happen. Instead of enjoying your holiday without worrying, do your best to play for safety, as it is too expensive to be misunderstood. But it’s not necessary. From now on, priority will be given to the implementation of policies aimed at ensuring a reckless travel adventure.