So Much Things About Food supplements You Should Know

Ideally, a healthy and varied diet would provide your body with all the nutrients it needs. In some cases, however, food is grown in depleted soils or artificially under lights in hothouses. For example, selenium content in soils is varied and regional. New Zealand soils are quite low in selenium, as are parts of Australia, South Africa and North America, but it is important as an antioxidant and in supporting Vitamin E in your body. Antioxidants are certain minerals and vitamins, which are found in food sources. There are now many substances available from both natural and synthetic sources. Many (and certainly not all) of them can mimic the properties of natural antioxidants. A good rule of thumb is to see if the ingredients included in an antioxidant supplement are part of the natural human diet. If they are not, for example, if they come from tree bark, then do you thin) it would be appropriate to add them to the human food chain? Some studies suggest not. But, remember, one dose of antioxidants will not give you a healthy, youthful body fore\ They must be continually replaced in your diet to keep pace with free radical production. a diet laden with fresh, unprocessed wholefoods is essential.

Vitamin and Mineral Supplements

Many people today take vitamin products. There is no doubt that many offer nutritior insurance. However, studies have shown that some supplements are poorly digested and ix through the body without much benefit. We have both taken supplements over the years f all sorts of reasons. Often we relied on health professionals or pharmacy assistants to advi us as to which supplements we should take and how often. We placed our health in the han of people we didn’t even know and who may have had little idea what our bodies neede By educating yourself and continuing to learn about supplements you will, over time, mal more sophisticated decisions about which ones to take and how to optimise your diet wil quality supplements. The responsibility lies in your hands.

Myth Index: Building your Real Estate Business

You Want to Do It but Don’t Really Have the Time

This really comes down to choices and priorities. There is always time to do the things we need to do like go to work every day, mow the lawn, feed the dog. Often there isn’t time to do the things we really want to do. Learn to speak a second language, build a article case, or volunteer in the community. There is a difference between need and want. We’ll often do what we need and put off what we want. Unfortunately our wants are what truly enrich our lives.If you don’t have the time to begin your real estate investment business, maybe in your mind, you don’t really need to do it. Maybe you simply want to do it, and “want” alone may not be enough to get you started. After all, if you work during the week at another job, you will have to search for and evaluate property on the weekends. You’ll need to make phone calls when you can during the week or in the evenings. There’s always a way to make your dreams come true . . . as long as they are truly your dreams.

Finding Your Diamond in the Rough

Identifying investment property is like dating. You want to make sure you choose wisely because you will be committing time, energy, and money. You’ll be putting your heart into the effort and have big dreams of where things may lead—maybe a long-term commitment, maybe marriage. Dating just anyone, like targeting any old property, can be a huge time waster and even cost you a lot of money. I speak from experience on both counts.After the last five chapters you can see that choosing wisely involves setting a goal, building your team, and evaluating and focusing on your market. There’s a lot of preparation required before you actually select a property. And what you are looking for isn’t necessarily the winner of the beauty pageant, but a diamond in the rough.Time and again, investors start at this stage—they work on finding a property and completely skip the preparation work. This is why the word “risk” is so often associated with real estate. Selecting the property should come only after you have assembled a team to assist you, decided upon your goal, and done the work of identifying a market or submarket. Never should it come before. It requires a level of trust, but like I always say: Trust but verify.By now you have found your market and a submarket or sub- markets within it. The next step is finding the property that will achieve your income and profitability goals within your chosen area. This chapter will show you how to do that, I’ll take you through the same steps I use to find property.The one that follows are critical to your success in this business because this book isn’t about just buying property, it’s about buying property right. For the right price, in the right area, with the right expectation to achieve your goal. This is the only way I buy, and the reason is simple. When you buy right you spend your days tending a garden rather than digging out rocks. Life is too short.

How to Use Options to Acquire Real Estate

The time you buy with an option can be put to many and varied uses. It’s standard operating procedure to obtain a few months option on land to run soil tests and check out the title and municipal requirements before making an all-out commitment to commercial development.Options are also a useful speculation method. If you see progress moving toward an overlooked parcel of land, a well-negotiated option can put you in the position to profit. It’s timing your commitment that will make the difference. If you move too soon and the buyers haven’t reached you before the option expires, you end up out-of-the-money. Of course, who’s going to wait? If you’re really out to profit by reselling the option, you’ll probably know the likely buyer even before you commit. In any event, options can take many forms and are adaptable to a number of different circumstances.The basic option structure includes the price and terms for purchase of the property, the date, the right to transfer the option, and a provision allowing for extension of the option. Variations on this structure center around how the owner is compensated for granting the option, including the amount and timing of payment. These negotiable terms can have a direct effect on your profit if you plan to resell the property or to develop it. Obtain the option you need; that should not be a problem if you’re serious about buying and willing to pay a fair price.Whether option costs should properly apply toward purchase, or rest as separate payment for the time the property is off the market, is negotiable. In fact, it depends on which side of the table you’re sitting on. Certainly, you want to negotiate the best deal possible for you.

INTEREST OPTION

An interest option is an easy method of paying for an option. Although it is not quite as good for the seller as other option structures, it is a sound way to calculate option value.With this approach, the option consideration is an amount equal to the savings account interest on the value of the property for the period of the option. The details vary with circumstances. In some cases the seller is paid only if the option is not exercised; if the option is exercised, the seller gets his price but no option consideration. Consequently, the option payment is compensation for loss of the sale and is made after the expiration date. If the option is exercised and the sale closes, there’s no penalty to the seller (and no option payment) because he reached his ultimate objective: selling the property.It makes sense to tie an option payment to the property value even if the interest rate is a negotiable item. The owner may prefer that the rate be tied to the prime lending rate or the consumer price index; there’s considerable flexibility on this. For example, it may make sense to the owner that you also agree to pay the property taxes prorated over the option period. Although it may be a minor amount for a few months option in light of the total sales price, it can appeal to a seller.

EFFORT OPTION

Option structures are as flexible as the people negotiating them. Look at what you want to accomplish and you’ll very likely find a suitable option method. An effort option stipulates that you will obtain preliminary development plans and all necessary municipal approval within the option period, at your expense. If you don’t exercise the option, the plans, engineering studies, and other documentation, including any lease commitments you’ve obtained, become the property of the seller.Since the value of land is mostly determined by its use, this approach shifts a degree of uncertainty toward the seller by allowing you to verify the property‘s suitability, with no cost for the time needed to do it. If the property proves to be unsuitable for development, all you’ve lost is the cost of investigation. The seller is not paid for the cost of discovering that his property is unsuitable for your plans.Turning over the results of your effort is simply a way to negotiate option control. The paper work done on a certain parcel has value even if it merely eliminates a piece of property. This option approach reduces your costs and it covers a portion of the risk when there’s a chance that a particular location is not practical for your project.

Use Energy Wisely

Gluttons may not have a lot of patience, but they have energy to burn. As you may have guessed from reading about the traits of gluttons or if you are guilty of this sin yourself, these individuals are manic in their investing. They eat, sleep, and breathe investments. They spend a lot of time and mental energy weighing their various options and engaging in internal debates about what to do. They also love talking investing, not only with other investors and professionals but with anyone who will tolerate their obsession. They also spend a great deal of time on their trades, exploring esoteric stocks and funds and immersing themselves in the technical details.Not all of this is bad, but ultimately, a significant amount of their energy is misdirected. Therefore, here are some ways that investing gluttons can put their considerable amount of energy to better and more profitable use: Research investments before making them. This may not be as exciting as doing an actual trade or talking with a professional, but it can be a much more productive use of your time. Spend less time trading and more time figuring out what trades make the most sense. Information tends to have a “sedating” effect on overactive investors. The more they learn, the more conservative they become.

Partners—A Good Thing or a Bad Idea

Your All-Important Team

The following lists include all the people and professionals you will eventually have on your team and how to evaluate and select them. While the lists may appear overwhelming, understand that you will accumulate these contacts over time, and you don’t need all of them at all times. There’s no need to run out and start interviewing paving companies, for example, when you don’t have a parking lot that needs resurfacing. You just need a few key team members to get started—an attorney, an accountant, a real estate broker, and a property manager. But here are the full lists to get you prepared:1. YOUR BUSINESS TEAMBefore you do anything, even print your business cards and letterhead, get your business set up correctly. To do that you’ll need to talk with an attorney who will advise you about setting up your company. Should you set up a corporation, a limited liability company, or some other business entity? You’ll need to know the pros and cons of each to make that decision. Regardless of which you choose, having a formal company established will protect your personal assets and provide tax advantages to you. If you need more information before choosing your own business team, you should contact:

  • Your own attorney. You’ll need this person to file the paperwork with the corporation commission. There are do-it-yourself kits, but unless you know what you’re doing, I advise against them.
  • Your own accountant. This person will be able to give you tax advice based on your own personal financial situation.

2. THE PROPERTY SEARCH TEAMThe property search team includes people you will most likely have to find on your own. I recommend interviewing several professionals in each field until you find people you like, who know the market, have your same level of integrity, and who understand they are there to help you achieve your goal. Both of these professionals can also help you establish the rest of your team especially for the property inspections commonly called due diligence once you get into escrow.