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Things to Keep in Mind When Investing in Real Estate

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All investments entail risks, but real estate is one industry that often guarantees steady returns and good profit because it lets you relax more from taxes and inflation. However, careful study and planning on the part of the investor is crucial.   The first thing to consider is your credit. Anyone investing in real estate will most likely borrow from the bank to fund the investment. But this won’t even work if the bank is unwilling to loan the money. Ensure that your credit report is untarnished. Image Source : realtybiznews.com Secondly, look for ideal locations and don’t settle too quickly on one. Easy access to transportation and proximity to malls, educational institutions, and healthcare services are important things in this regard. Many consultants would suggest to the investor to get the worst houses in the best locations. Renovation would be the initial concern, but once you get past this, the surrounding neighborhood would ensure a quick sale. An im...

Raised in the Bronx and coming out strong

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For every illustrious neighborhood on the planet, there will always be a dark corner that isn’t too far away. In this type of corner, the environment is not as peachy as one’s imagination would hope for. One such place is the Bronx, in New York.  Image source: wikipedia.org The Bronx actually started off as a settlement where people from different ethnicities came together. Without any semblance of order and few people who cared, it evolved into one of the unkindest social environments in the country.  From the early 1900s to the latter part of the ‘70s, living in the Bronx was characterized by lots of violence. With the slum population that crept into the urban landscape, many gang wars erupted. Many people got hurt or killed. Even children never lived beyond their youth and died too soon.  The Bronx has a certain effect on any given person who has grown up in the area. Either the individual survives by giving in to the pressure of evils and en...