How to Invest in Your First Property | John Gavin | Laguna Beach, CA

Buying one’s first property can be intimidating, time-consuming, and frustrating. But, with the right advice from experts, it doesn’t have to be! This post contains tips and tricks every first-time investor should know about to get their feet wet and make a significant investment decision. Here are some tips for any first-time investor:

Decide on an Investment Property

The first step in people’s decision-making should be deciding what type of property they want to invest in. This can be done by measuring their current financial situation and choosing a property to pay them back one day. For example, if they are looking to buy a small apartment building or house, doing so will give you $1,000-$1,500 monthly profit, which could eventually add up over the years.

However, if they are looking to buy a large house or rental property to live in, they need to decide if it is possible to make enough money. 

Use Great Financing

Finding investors is a challenge for most people. However, there are ways to get investors for free if people know where to look for them. One of the great ways to find investors is through local property owners who have been renting their property out for many years. Once they talk to one of these people and show them their ideal investment property, they will likely give them advice and introduce them to new investors if that is what they need.

Choosing the Right Property Type for Their Needs

The next step is choosing the type of investment property they would like to buy. The decision depends on many factors, such as the property’s size, style, location, and condition. Most mortgages, however, only offer a certain amount of house or apartment properties per state. This means borrowers may have to call around and visit many different lenders to get the best deal on their property.

Buy in a Strategic Location

This step is crucial because it will determine the owner’s income. Most real estate buyers look for properties close to schools, hospitals, shopping centers, gas stations, or other public places where people might need or want to go. This makes it simple for the owner because they will get more renters who will pay them on time every month.

The Best Apps for Making Travel Easy | John Gavin | Laguna Beach, CA

Traveling can be difficult, stressful, and full of anxiety without knowing what to do or where to go! With so many apps designed to make travel easy, it’s never been easier for travelers as it is now.

1. GyPSy Guide

At zero cost or a fee of $9.99 per city, one can have all of their options laid out. From where to stay to entertainment, and even things to do with the children! Whether one is on a budget or not, this app will help choose what’s right.

2. TripIt

This app is not only functional and easy to use but also a huge help in giving one peace of mind while making a trip. Applying this app can save one from missing flights, delays, and even losing luggage at zero fees or $49.0 for a yearly pro plan.

3. PackPoint

This app helps in knowing what is necessary for the trip and packing according to what will be needed. This app also has a lot of information on where to go and what to do in each city. Its cost is manageable at only $2.99 despite having different helpful travel insights.

4. FlightAware

Being a free app, it helps in tracking one’s flight. While it does not give the various details of the flight, it does provide one with updates about their flights and delays at zero cost. The app can also conveniently pick up friends when they arrive at the airport.

5. Netflix

While traveling, one is often on a tight schedule, so one might not have time to watch their entertainment choices. Netflix allows one to watch whatever they want and doesn’t require internet access when shows are downloaded at zero cost.

6. Google Translate

While some may already know how to speak other languages, it is often impossible to understand what’s being said to them or what they need when traveling. Google translate is a free app that helps translate any language; while it may not be perfect, it will give one a better understanding of what’s happening at zero cost.

7. Smart Traveler

This app is a free app that helps in safety and having information on what countries are safe and dangerous and even has suggestions for what to do for the U.S. Citizen travelers. It connects U.S. travelers with the U.S. embassy in those countries they intend to visit.

Tax Deductions Every Small Business Owner Should Know | John Gavin | Laguna Beach, CA

There’s arguably nothing that excites small business owners like hearing the word small-business tax deductions. Small business tax deductions help businesses save a lot of money regarding taxation.

But the problem is that most business owners are unaware of the existing small business tax deductions or don’t just keep detailed records of their expenditures. Here are small-business tax deductions every small business owner should know:

Inventory

Certain businesses buy or manufacture products for resale. If this is the case, one can deduct the cost of their inventory or the total cost of goods sold. A business owner will be required to take stock of their merchandise at the start and end of every tax year to determine the price of products sold.

Insurance

Most businesses usually purchase some kind of business insurance. The cost of business continuation insurance, business owner’s policy, and business owner’s health insurance are all one hundred percent deductible. Other deductible insurance policies include liability coverage, property insurance, worker’s compensation costs, auto insurance, business interruption insurance, and malpractice insurance.

Utilities

Any utilities used within the business are 100 percent deductible. This includes things such as electricity, water, and telephone bills. But if you have a home office with a landline, the cost of the first landline doesn’t qualify as a deductible.

Auto Expenses

If a business owner has a vehicle or vehicles operating, they can deduct anything related to the vehicle expense. But they must produce recorded evidence to prove that the cars were used for business purposes.

Business Property Rent

If a business is being run on a rented property, a business owner can deduct the rental or lease payments from the taxes. Those who operate businesses from their homes can also check with IRS to find out which type of deductions they qualify for.

Office Supplies

Pens, paper, boxes, staples, etc., may appear small but can cost a business a considerable amount of money. It is good to keep records of such expenses to deduct them from annual taxes.

Office Furniture

Office furniture is also regarded as a form of office supplies. This means that they can qualify as deductibles in your taxes.

John Gavin on Top Real Estate Podcasts | Laguna Beach, CA

If you’re a real estate agent, you must stay up to date on the latest industry news and trends. One of the best ways to do this is by listening to podcasts. There are several great real estate podcasts, but we’ve compiled a list of our top five favorites.

1) The BiggerPockets Podcast

This podcast is hosted by Josh Dorkin and Brandon Turner, two of the most well-known and respected names in the real estate industry. They offer a wealth of information on various topics, from buying and selling to investing and property management.

2) The Property Professor

This podcast is hosted by full-time real estate investor and professor Jay Conner. He offers advice on a variety of topics, from how to get started in real estate investing to more advanced strategies. Jay also offers an amazing free resource called “The Profitable Investor” that you can sign up for on his website.

3) The REI Roundtable Podcast

This podcast is hosted by three experienced real estate investors: Don DeRosa, Jeff Brown, and Russ Hiner. They offer advice on a variety of topics, including wholesaling, flipping, and landlords. If you’re looking for a more general real estate podcast that covers a wide range of topics, check out the REI Roundtable Podcast.

4) The Real Estate Investing Show

This podcast is hosted by real estate investor and entrepreneur Gary Keller. He offers advice on a variety of topics, from starting out in real estate investing to more advanced strategies. If you’re looking for a more specific podcast that focuses exclusively on investment properties, then check out the Real Estate Investing Show.

5) The Landlord Podcast

This podcast is hosted by full-time real estate investor and landlord Phil Pustejovsky. He offers advice on a variety of topics, from how to get started in real estate investing to more advanced strategies. If you’re looking for a more general real estate podcast that covers a wide range of topics, then check out the Landlord Podcast.

These are just a few of our favorite real estate podcasts. There are a number of great ones out there, so be sure to check them out and find one that’s right for you. Stay up to date on the latest industry news and trends, and learn how to become a successful real estate agent.

About John Gavin | Laguna Beach

John Gavin is known as a jack of all trades to the people he works with, but he is especially known for his exceptional sales and negotiation tactics. He’s made a name for himself in both the software and hardware sales industry over the decades he’s worked, as he’s naturally talented when it comes to navigating an incredibly competitive and difficult such as this. When not at his desk, John absolutely loves to travel and spend time with his family. Nothing is better to John than learning about people from other cultures and countries, traveling to new destinations and learning as much as he can about the people there. He is also incredibly proud of his photography, a passion of his that he uses to make sure his family captures as many memories as possible.

Something that’s helped John Gavin stand out among everyone else is his desire to help people in his community, namely the children. A particular passion that’s stuck with John after college is his support of the Big Brothers and Big Sisters of America. He’s keenly aware of how important it is to make sure that kids everywhere have the best role model possible so they can work to achieve the goals that they have for themselves. In keeping with this theme, John Gavin volunteers as a lacrosse coach with the Shooting Stars, Victory Lacrosse, and the Laguna Beach Little League. Learn more about John Gavin by visiting his websites, JohnGavinLagunaBeach.com, JohnGavinLagunaBeach.net and JohnGavinLagunaBeach.org!

John Gavin on What to Do When Visiting Iceland | Laguna Beach, CA

When visiting Iceland, there are a few things you should know to make the most of your trip. This country is stunningly beautiful, but it can also be unpredictable and challenging. Here is what to do when you visit Iceland.

Visit Thingvellir National Park

Iceland has many national parks, but the most famous is Thingvellir National Park. It is worth visiting for its historical significance, as this is where Iceland’s early laws were made and signed. The park also has many hiking trails, so you can spend the day walking around. You will likely take lots of photos.

Visit Geysir and Strokkur Geyser

You should know about Iceland because it has many geysers, including the famous Geysir and Strokkur. You can watch them erupt, but be prepared to wait a while in line. When they erupt, the water shoots up into the air, sometimes as high as sixty feet. This sight is impressive to see, so be sure to check it out if you have time.

Visit the Blue Lagoon

The Blue Lagoon is another popular tourist attraction in Iceland that you might want to visit. This water has many minerals and beneficial ingredients that are great for your skin. You can sit there or swim in the lagoon for as long as you want. You will likely take many photographs of this water.

Visit Glacier Lagoon

One of the most beautiful sites you will see in Iceland is its glacier lagoon. Jokulsarlon is a glacial lake that has recently begun to melt due to climate change. This means it has much more water than usual. You can even take a boat tour on the glacial lagoon. This is one of the fascinating sites to see in Iceland.

Take a Whale Watching Trip

Iceland is also famous for its whale-watching tours. From May through September, you can watch majestic humpback whales from the comfort of a boat tour. This is one of Iceland’s most popular tourist attractions, so it is best to book your spot in advance.

It is essential to book your tours in advance when you visit Iceland. You can experience many of these attractions on a guided tour, so you don’t have to worry about getting lost. If you visit Iceland, you will have an adventure of a lifetime.

About John Gavin | Laguna Beach

John Gavin is known as a jack of all trades to the people he works with, but he is especially known for his exceptional sales and negotiation tactics. He’s made a name for himself in both the software and hardware sales industry over the decades he’s worked, as he’s naturally talented when it comes to navigating an incredibly competitive and difficult such as this. When not at his desk, John absolutely loves to travel and spend time with his family. Nothing is better to John than learning about people from other cultures and countries, traveling to new destinations and learning as much as he can about the people there. He is also incredibly proud of his photography, a passion of his that he uses to make sure his family captures as many memories as possible.

Something that’s helped John Gavin stand out among everyone else is his desire to help people in his community, namely the children. A particular passion that’s stuck with John after college is his support of the Big Brothers and Big Sisters of America. He’s keenly aware of how important it is to make sure that kids everywhere have the best role model possible so they can work to achieve the goals that they have for themselves. In keeping with this theme, John Gavin volunteers as a lacrosse coach with the Shooting Stars, Victory Lacrosse, and the Laguna Beach Little League. Learn more about John Gavin by visiting his websites, JohnGavinLagunaBeach.com, JohnGavinLagunaBeach.net and JohnGavinLagunaBeach.org!

John Gavin on Top Podcasts for Small Businesses | Laguna Beach, CA

If you’re a business owner who relies on knowledge to keep your business thriving, it’s essential to take the time for learning. Podcasts are a great way to do that because they let you listen instead of watching or reading, and they can be pretty entertaining as well. These five podcasts for small business owners and entrepreneurs will keep you updated on everything from marketing and design tips to how-tos for contract law and intellectual property rights.

1. Small Business Big Marketing

The Small Business Big Marketing podcast has been produced since 2009 by the marketing team at Crank Agency, an award-winning digital marketing agency. You may be surprised to hear how such a small business podcast covers much marketing strategy, but that’s because Marla Tabaka and her team at Crank Agency are brilliant. They offer eight episodes per month that cover various topics you need to help your small business grow, including choosing a niche, promoting social media, and free advertising tips.

2. 99% Invisible

This NPR podcast about the hidden architecture of our world is a favorite with some of our regular GEO readers. Host Roman Mars lays out each episode musically, and he interviews experts from around the globe to bring stories to life. It’s not only great listening for small business owners but also eye-opening, disabusing you of some ideas you may have had about the way things work.

3. From Scratch

If you’re interested in learning from master teachers and writers, check out the From Scratch podcast. It features topics that range from business and marketing to personal development and spirituality. The episodes are 30 minutes long, and you’ll hear people like Tim Ferriss and Seth Godin offering their take on success.

4. Entreleadership

The team produces this podcast at YEC, or Young Entrepreneur Council, which works to promote entrepreneurship among young professionals. There are 75 episodes in total, and they talk with entrepreneurs from top businesses – including Zappos, Microsoft, and Intuit – about how they built their companies from the ground up.

5. HBR IdeaCast

Every week, you’ll find a new episode of HBR IdeaCast that covers one business or marketing topic. They feature in-depth interviews with leaders and professionals, as well as case studies for your use. HBR IdeaCast is produced by the Harvard Business Review, which also makes The HBR Podcast that many of our GEO readers already know and love.

Check out these podcasts if you want to keep up with the latest news in business and marketing. You can listen at your convenience, on your own time, and learn from top business leaders ranging from small startups to well-established companies.

About John Gavin | Laguna Beach

John Gavin is known as a jack of all trades to the people he works with, but he is especially known for his exceptional sales and negotiation tactics. He’s made a name for himself in both the software and hardware sales industry over the decades he’s worked, as he’s naturally talented when it comes to navigating an incredibly competitive and difficult such as this. When not at his desk, John absolutely loves to travel and spend time with his family. Nothing is better to John than learning about people from other cultures and countries, traveling to new destinations and learning as much as he can about the people there. He is also incredibly proud of his photography, a passion of his that he uses to make sure his family captures as many memories as possible.

Something that’s helped John Gavin stand out among everyone else is his desire to help people in his community, namely the children. A particular passion that’s stuck with John after college is his support of the Big Brothers and Big Sisters of America. He’s keenly aware of how important it is to make sure that kids everywhere have the best role model possible so they can work to achieve the goals that they have for themselves. In keeping with this theme, John Gavin volunteers as a lacrosse coach with the Shooting Stars, Victory Lacrosse, and the Laguna Beach Little League. Learn more about John Gavin by visiting his websites, JohnGavinLagunaBeach.com, JohnGavinLagunaBeach.net and JohnGavinLagunaBeach.org!

What Are Closing Costs? | John Gavin, Laguna Beach, CA

Do you know all of the closing costs and fees associated with buying a home? As you make your way through the closing process, numerous costs and fees must be settled before you get your keys and become a homeowner. It is essential to know what these costs are and how much they add up to keep yourself financially prepared for purchasing your new home.

Buying a new home can be both astounding and intimidating. Remember the following fees when planning your home-buying budget to best prepare yourself.

Loan Origination Fees

These costs are associated with originating your particular loan. They are usually around 1% of the total loan value.

Appraisal Fees

An appraisal is a formal estimate of the value of a property and is necessary for most loans to be turned into the lender for approval. The cost varies depending on where you live, but you can expect it to cost somewhere between $300-$500.

Credit Report Fees

A credit-reporting agency runs a credit report to show your payment history with lenders. Debts owed, outstanding liens on the purchased home, etc. It costs about $50 for each report.

Title Insurance Fees

Title insurance helps protect buyers against losses due to problems with the title. If your title is defective, the insuring agency will pay you for any damages or costs incurred due to the defect in your title. The cost of this varies depending on where you live.

Title Search Fees

Whenever someone wants to transfer property, there has to be an examination performed by the title company to determine if there are any other claims on the property. This examination can result in either a “clear” or “clouded” title. If your title is clear, you will not have to pay for this search fee; however, if it is clouded, you will need to pay between $100-$400 (or more), dependent on your location.

Survey Fees

A survey is a document that shows the physical boundaries of an individual’s property. If you purchase new construction, there will be no fees for this service.

Escrow Fees

Escrow is a third party that acts as a fiduciary for buyers and sellers to secure transactions. During the closing, they handle all financial transactions, including disbursing funds and ensuring that everyone gets their due. Fees vary depending on where you live but range from $50 to $500.

Prepaid Items (PITI)

Prepaid items represent future expenses, such as property taxes and hazard insurance. You will need to pay the first month’s dues for these services to cover your first few months of paying these fees.

Homeowner Association Fees (HOA)

If you buy a home in a community overseen by a homeowners’ association, there will be fees for this service.

Document Preparation Fee

The real estate agent representing you will have to pay a fee to prepare all of the documents about your closing costs.

Property Tax Payments

If you own a home already and are taking out a loan to buy another, the lender may require that you pay any back property taxes that you owe. This is because your current lender will need to know precisely how much the tax liability on the new property is before they can approve your loan.

John Gavin possesses a diverse set of abilities, chief among them the art of sales and negotiating methods. For decades, he has been successful in the software and hardware sales sector due to his innate ability to navigate this competitive and complicated terrain.

Article originally published on JohnGavinLagunaBeach.org

John Gavin on Top Hawaiian Beaches Worth Visiting | Laguna Beach, CA

Are you thinking of traveling to Hawaii? Hawaii is full of beautiful sunsets, beaches, and resorts. With so many magnificent beaches to choose from, it can be challenging to decide which ones are most worth visiting. Keep reading to find the most spectacular beaches across the islands of Hawaii.

Waikiki Beach, Oahu

One of the most well-known beaches in Hawaii, Waikiki is a must-visit. This trendy beach is popular with tourists. Don’t forget to visit the famous Royal Hawaiian hotel for a tropical cocktail.

Big Beach, Maui

Big Beach in Maui is impressive, boasting a wide beach with beautiful scenery. Enjoy space and privacy at this beach because it is just so large. The waters are rough, perfect for water sports like surfing and boogie boards.

Ko Olina Beach, Oahu

Traveling with children? The calm, shallow water of Ko Olina is perfect for little ones to experience the ocean and allow parents peace of mind. There is also a Disney Resort nearby for added family fun.

Hanauma Bay, Oahu

If snorkeling in a tropical paradise sounds like the perfect getaway, Hanauma Bay is at the top of the list. Tour buses are not allowed in this nature preserve because the ecosystem is fragile and essential.

Waimea Bay Beach Park, Oahu

For a more secluded beach stay, try Waimea Bay Beach. During the winter months, pro surfers visit the area because of the massive ocean swells. Professional surfing competitions are also held in the region.

Hulopoe Beach, Lanai

Looking for luxury on a beach vacation? The Four Seasons at Hulopoe Beach is one of the most upscale resorts on any Hawaiian island. Tidal pools at this beach make a perfect place to swim and snorkel.

Kalihiwai Beach, Kauai

If going where the locals go is appealing, Kaihiwai Beach is the answer. Surrounded by beautiful cliffs, the waves in this small area are perfect for body surfing. Kids can splash in the shallow freshwater lagoon. Be sure to pack a lunch; there are no concessions nearby.

A trip to Hawaii is a once-in-a-lifetime adventure. With so many beautiful beaches to choose from, this list can help narrow down the best of the best. 

John Gavin possesses a diverse set of abilities, chief among them the art of sales and negotiating methods. For decades, he has been successful in the software and hardware sales sector due to his innate ability to navigate this competitive and complicated terrain.

Article originally published on JohnGavinLagunaBeach.net

John Gavin on Maintaining a Healthy Work/Life Balance | Laguna Beach, CA

Does it ever feel like the lines between work and home life have blurred away? Do you feel like you’re always working but never getting anything done? You’re not alone.

According to a Families and Work Institute study, American employees report working an average of forty-seven hours per week. That’s more than nine hours per day! And for what? The same study found that people who work long hours are no more productive than those who work fewer hours. They’re less effective. This raises the question, how does one improve their work-life balance? Try one of these five tips!

Accept That There is No ‘Perfect’ Work/Life Balance

The first step to improving your work-life balance is accepting that there is no perfect balance. You will always have to make some sacrifices, and that’s okay. The key is finding a balance that works for you and your lifestyle.

Create a Schedule

One way to make sure you’re not working too many hours is to create a schedule and stick to it. Block out specific times of the day for work and personal time, and try not to let work creep into your time.

Set Boundaries with Coworkers

It’s also essential to set boundaries with your coworkers. Let them know when you’re available and when you’re not, and don’t be afraid to say no if they ask for help with something outside of your work hours.

Take Advantage of Technology

Technology can be a great help when balancing work and life. Use tools like Google Calendar or Outlook to schedule appointments and tasks. There are even apps that can track time spent on work-related activities, such as RescueTime.

Find a Job You Love

One of the best ways to improve your work-life balance is to find a job you love. If you’re passionate about your work, you’ll be less likely to resent the time you spend on it. And if you have a job that you hate, consider looking for a new one.

Leave Work at Work

One of the best ways to improve your work-life balance is to leave work at work. Don’t bring your laptop home with you, don’t answer emails after hours, and try not to think about work when you’re not at the office. This will help you create more separation between your personal and professional lives.

Improving your work-life balance isn’t easy, but it’s worth it. Consider following these tips to can create a balance that works for you and make yourself more productive.

John Gavin possesses a diverse set of abilities, chief among them the art of sales and negotiating methods. For decades, he has been successful in the software and hardware sales sector due to his innate ability to navigate this competitive and complicated terrain.

Article originally published on JohnGavinLagunaBeach.com

Myths About Real Estate | John Gavin | Laguna Beach, CA

The real estate industry is not an easy-to-understand market. Many myths and misconceptions are floating around out there that limit people’s opportunities in real estate. It is one of the most lucrative industries, but it’s also one of the most misunderstood. Read below to see some of the most common real estate myths.

Myth: Real estate agents don’t make money.

When buying a home, a person typically pays a small fee to the real estate agent as a commission on the home’s sale. Some people think that since they are only paying a small percentage of their overall sale price, they aren’t paying anything substantial and won’t get much help from the agent. The compensation of a broker varies according to the services and products offered by each brokerage firm.

For example, some firms pay commission only on the first home a buyer purchases through them. Other firms may pay monthly fees to access their research data, consulting services, or other products. A 5 percent commission in most areas can quickly amount to $10,000 or more on a $250,000 house.

Myth: Real estate agents don’t have much experience.

Many people indeed enter the real estate business without any experience in sales or business management. However, it is also true that many highly experienced and successful people choose to go into real estate sales because they know it’s a lucrative career option with low barriers to entry.

Myth: Real estate agents are all crooks.

People hear these stories about real estate agents selling houses without a license or taking the first offer. They know that the buyer is desperate or not paying for services rendered but passing them off to the seller, who then has to pay for them. While there are some unscrupulous people in every industry, the vast majority of real estate agents are honest and hard-working, just like anyone else in any other profession.

Myth: You need to be wealthy to start real estate investing.

A person doesn’t need to be wealthy to invest in real estate. Someone doesn’t even need a lot of money to get started. When buying residential real estate, one can get started with as little as $1,000 or $2,000 by taking out a loan or getting help from a family member or friend who has some extra cash.

Myth: Real estate investing is risky.

It’s a myth that real estate investing is risky. It’s just the opposite. The most significant risks in life are the ones we avoid. When we sit on our hands waiting for our ship to come in, we’re missing out on all the other opportunities coming our way. When we play it safe, we give up control of our lives.

Article originally published on JohnGavinLagunaBeach.org

John Gavin hails from Laguna Beach, California. He is an entrepreneur, travel, and real estate leader with a particular talent for the art of sales and negotiating methods. He is a natural at navigating complex landscapes within the hardware sales industry and looks forward to sharing his experiences with others.

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