When it comes to your financial nest egg, where and what you spend your money on should always be taken into special consideration at all times. If you are looking to pour some of your money into an investment property you need to make sure that you will get an adequate return on the money you have put in.
Investment properties are typically where the investor purchases the property but usually does not occupy it. An investor generates money by rental income as well as capital gains that are created from the property.
Here are some of the more popular investment properties that investors have the most success in, maybe one of them will be right for you.
Housing and Real Estate -- The most popular form of investment property has to be rental homes or apartments. Real Estate is always in high demand whether it be a buyers or a seller's market. Having the initial amount of funds to put into for buying the rental unit isn't usually an issue for most landlords; it is the ongoing amount of money needed for maintenance and upkeep that cause many investors to fail at this market.
The rule of thumb is to have it least 25 percent of the initial start up cost or money you have invested in cash on hand at all times. There are several reasons for this, the first being for ongoing repairs that will likely come up over the course of owning the property such as damage to the structure or repairing items that need ongoing maintenance such as the roof and windows.
If legal issues arise such as having to remove tenants or being sued by them, the proper amount of funds needs to be within immediate reach in the event this crisis arises or in the event the tenant suddenly leaves or quits paying their rent all together.
Storefronts -- Storefronts can also turn into a successful form of property investment by renting the store to someone who owns a small business. You could also request to have a small percentage of the sales in lieu for a smaller amount of rent or you could offer a designated amount of rent for an extended period of time and specify it in a lease contract. Having multiple storefronts in one building such like one in a strip mall is also popular as an investment property in which to have a multiple income flow being generated each month.
For storefront investments always make sure you have access or know of access into the store. If there is a legal matter or a safety issue especially regarding consumers, you will ultimately be held responsible.
For any kind of investment property, always make sure you have full contact information of the renters that are renting your facilities. Also make sure you have more than enough liability insurance to protect you and your properties in the event of an accident, fire or even theft.
Being prepared offers you the first step to success and profit when it comes to you investment properties.
The Single Best Investment
They always say that one should not judge a book by its cover. Although this trite of a saying rings true, it is not reason enough for book publishers to ignore the selling value of good cover designs. A book is a product that needs effective marketing strategies. Book covers can be considered as point of purchase advertisements. Bookstore patrons do not loiter around with a book in hand just to pass time. They do examine the book just as they would examine the features in an mp3 player. In fact, market researchers found out that the longer a customer holds a book before buying, the more likely he or she is to purchase it.
This is not to say that you will have to put yourself to the limits to design a book cover that is worth turning. The lack of graphic design skills should not prevent you from creating a readable cover design.
The first thing to keep in mind is your target market. To whom do you want to sell the book? What are the contents and who would probably be interested on it? Once you have gain insights on your target market, it would become easier for you to decide on how you want your cover designs to look like.
Most publishers would hire design service providers. Nevertheless, it is still important for you to learn the fundamentals in designing a book cover. Begin with familiarizing yourself with its three parts: the front cover, the back cover, and the spine. Each of these parts has to be properly utilized for marketing purposes.
Begin with a catchy front cover. Catchy in a sense that it gets the attention of those who would be interested with the contents of your book. Most inexperienced designers would stuff in loud images and text effects. However, this tends to be distracting and is prone to elicit the wrong kind of attention. The front cover artwork has to be engaging which means that it has to tell a lot about the theme or the subject of the book. Some designers would take from the title and subtitle whenever they brainstorm ideas for the artwork. This is an effective strategy but it is not to be exploited either. Some cover designs are too telling, it has the tendency to impede the function of the title.
Incorporating the title text with the artwork might do well but then again, it has to be readable and must not be blurred out by excessive graphics. The safest option is to use san serif fonts for the title as they are more readable especially when used as large and boldface fonts.
Next on your list of priorities should be the back cover. The usual mistake of first-time self-publishers is that they leave the back cover blank. Going back to our previous assumption with regards to customers' psyche, we have to provide for them a reason to hold the book longer by giving them more things to read before purchasing the book. Bookworms do read blurbs. Think about the information that might entice your target reader to buy the book. Ask recommendations from fellow writers and experts on the same field. Write synopsis or product descriptions. If the author's track record is of extreme significance, make it the selling point by putting emphasis on his or her bio.
Last but not the least is the spine. This part is crucial because it is the first thing a customer will see in a bookstore. Usually, it has the title and the author of the book. The text on the spine has to be readable enough which is why it is preferred to lay it out vertically.
These are just a few basic tips on creating a book cover. Although it is not necessary for a self-publishing author to do all these on his or her own, it is important that he or she has control on how the cover would draw a good impression from target readers.
Both Art Gib & T Williamsen are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Art Gib has sinced written about articles on various topics from Supplements, Teachers and self improvement and motivation. NAI Utah () is a management service and commercial real estate br. Art Gib's top article generates over 1830000 views. to your Favourites.
T Williamsen has sinced written about articles on various topics from . Looking to design quality and professional images quickly? You don't need to use third party software - use to create quality images and then turn. T Williamsen's top article . to your Favourites.
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