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Monday, March 24, 2008
  Top 10 Ways to Save Money When Youre Traveling
With all of the costs of getting to wherever you are going, wouldnt it be nice to actually learn how to save money when youre there? Besides hunting for the best tickets and times to travel, you also need to learn about how to make the most of every dollar/rupee/yen/euro/etc. when youre actually there.

1. Learn the exchange rate This seems like common sense, but knowing the exchange rate will allow you to tell when youre paying too much or at least more than you want to be spending.

2. Make a budget By just setting yourself a limit on what you can spend each day, youll start to subconsciously limit yourself.

3. Make it a game If youre traveling with someone, try to make it a game to see who can spend the least amount of money. Youll be surprised at what you can do.

4. Walk Instead of paying for transportation and taxis, why not get a little exercise and save money at the same time? Or, you can always walk part of the way and pay for the rest at a much lesser fee than you would have with the whole route.

5. Eat where the locals eat Think about it. When youre at home, you have certain places that you eat because theyre good and theyre cheap. So do people in other countries.

6. Take some risks Head into the smaller stores that you find but arent all that crowded. You will find beautiful things at lower prices because theyre not catering to the tourists that are going to be there.

7. Talk to locals When youre interested in something, talk to the locals about where you might be able to find it. You will learn things that you wouldnt get out of your guidebook as well as where these activities are cheaper.

8. Dont drink your money away Try to limit your alcohol wherever you can or save it for a few special days. Its easy to spend too much.

9. Choose one thing And then spend a lot of money on that. If youre heading to Italy, for example, you might want to save your money up for a day of shopping, but be thrifty the rest of the time.

10. You only live once When all else fails, just spend a little more than you thought that you would. You arent going to be there everyday, so why not make the most of it when you are?

Matt Reider is the manager of http://www.CanuckAbroad.com, a site for finding cheap flights, talking with other budget travelers and finding out everything you need to know before going abroad.

 
  How To Identify Money-Making Properties!
There are a lot of the properties listed for sale each and every day. So many, that it can be overwhelming to decide on which properties might be good to buy for an investment. Maybe you are one of those individuals thinking about getting into real estate investing. Or maybe you are one of those individuals who already are investing, but have not been all that successful in finding those "diamonds in the rough". In either case, please read on and discover how to correctly identify money-making properties that will help you to realize huge profits time and time again.

Finding a realtor that you can trust is essential if you want to be successful in real estate investing. Without this "external" team member you are left using your gut and more than likely a lot of your time researching the market to help make your decision. Realtors can access information on properties in minutes that may take you hours or days to access, so use them!

When you do find a realtor that you can trust have them assist you with the following:

The property's asking price. Could you get it for less than what is being asked? A realtor can tell you.

The property's selling price and what repairs are going to be needed to get it sold for the same amount as other like homes in the area are selling for. You want to make sure your property is just a "notch above" the others in your market at your price range.

Find out how long like properties in the area have been on the market (on average). This will tell you the amount of time that you can expect until you flip it (if that's the route you're taking).

Find out the average sale price for like properties in your area also. This will help you decide how much to rehab (dollar amount and quality), and how much you can expect your house to sell for.

Next are some suggestions on how to identify a property. These tips will put you ahead of the competition in your area and help you to buy smart for huge profits:

Look for properties with large bedrooms. People like space. They don't want to walk into their bedroom and fall face down into the bed.

Look for openess in a floor plan. A very open floor plan can give the illusion of more space.

Try to locate properties with bigger kitchens. Why is this important, you may ask? The next time you have a party, take a look at where everyone gathers (understand?).

Make sure that the property you are considering has a dry basement and that the foundation is straight with no bowing. Wet basements mean leaks and leaks mean repairs, and repairs mean EXPENSES! In addition, wet basements can mean the dreaded four letter word, M-O-L-D. Steer clear of wet basements!

Find a property that has a maintenance-free exterior, such as a brick or maintenance-free vinyl siding. They're out there, you just got to look.

Consider the neighbors and the neighborhood. Come by at different times of the day to see how the neighborhood is. Is it loud? Are there a lot of kids who should be in school or people milling about who should be at work? Are there any abandoned cars? Are the neighbors' homes next to the property, across the street from the property, and behind the property in disrepair? If you answered "yes" to any of these questions--FIND ANOTHER PROPERTY!

Run a registered sex offender search for your area. You don't want to rent to a family and then find out that there is a sex offender living right next door.

Look for a property with a newer roof and mechanicals.

Find a property with some curb appeal.

These tips offered in this article should have you on your way to identifying money-making properties in no time. Once you get it down to a system, there will be no stopping you from making huge profits each and every time!

Matt Bodeman and Scott A. Rozanski are the "Millionaire Real Estate Pros." They have been helping others discover how to make huge profits in the acquisition of undervalued properties for years. In just the last year and a half alone, Matt and Scott have purchased over 50 properties using no money of their own and made millions of dollars.

 

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