Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the largest and best use of property, which translates to determine the fair market value of the property. The person who makes these properties evaluation exercise is called real estate appraiser or property valuation expert. The value determined by the real property valuation is the fair market value.
Continue Reading »
For many, the American dream of owning a business is waiting just behind owning a home. I was a teenager when I owned my first business. Since then, I have bought or started many businesses and helped others to do likewise. One reason restaurants have a high failure rate is people buy their departure or because they like to cook. Very few owners spend time cooking. Their time is spent on personnel management, order supplies, doing paperwork and management of crises per day.
Many new business owners set themselves up for failure to pay too much, resulting in higher payments, lower operating funds and reduced borrowing capacity. If you’ve always dreamed of owning a , it is very easy to get caught in the strong emotion to see invoked by those dreams come true. To counter your emotions, take your time, do your homework and get help from the goal of adviser.
Some tasks such as payroll and accounting can be easily use of suppliers. Maybe your spouse, another member or a partner can do things that you can not or do not want to do. At a bare minimum, you should get help from a lawyer and a . The lawyer can prepare and review documents, help structure the transaction and to your knowledge, legal and liability issues. I bought a company that sold high-performance auto parts to young men who have jacked-up, four-wheel drive pick-up and went to drag racing every . I did not and was never understood why they would. I could not relate to my customers and went out of business in about a year.