Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Career goal in social work
Career goal in social work
An essay on social work career options
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Career goal in social work
In the property boom of the early 2000's, like many people I tried my hand at “flipping” a house. As a real estate broker, I had access to great information sources and my finger on the pulse of the market. I watched closely for a sensible opportunity, and when it presented, I was prepared to take action. I picked-up a “great” deal from HUD, feeling well-poised to make a significant profit – something to the tune of thirty to forty thousand dollars. That experience, especially the failure to make any real profit, was an eye opener. My exuberance, it seems, was – to quote Mr. Greenspan – “irrational”. The market was turning, time was flying, money was drying, and opportunity fading.
With the lessons leaned from that experience, observations made over my fifteen years in the real estate business, coupled with a new perspective on life gained from the physical disability that forced me out of the real estate business, were I to acquire $150,000 cash to invest in distressed property, my focus and objective today would be quite different, more fulfilling, and in the end hopefully more financially viable.
My objective would be two-fold:
1 Invest responsibly, with sound financial advice from trusted advisers (e.g. C.P.A., network of successful real estate investors, commercial real estate brokers, financial planners, etc.) to ensure a reasonable return on my investment. In essence proceeding with a stewardship mindset, as though the money was entrusted to me by socially-conscious investors who were relying on me to treat their money with utmost care, ensuring the best possible return.on their investment, both financially and civically.
1 Serve under-represented disabled individuals in the community.-- Seeking-out a project ...
... middle of paper ...
...I believe an added benefit would be in improving the value of the surrounding the property, and creating a pattern to be followed in other communities across the nation.
Thank you for your consideration of my scholarship application and essay.
My vision is to utilize the training I gain while completing the degree program I started nearly twenty years ago (then quit to raise my children), combined with my fifteen years of business ownership and management experience and firsthand knowledge of disability-related issues, to serve the disabled community as an advocate and pioneer in accessibility improvements, hopefully on a national scale.
Receiving this scholarship would greatly assist me in working towards my educational goals, and then on to pursuing my professional objectives, and giving back to the community. I am grateful for your consideration.
In existence is $150,000, specifically set aside for the purchase of distressed real estate. This essay will outline a detailed strategy ensuring a maximum return in regard to the financial investment made on the home. Including a description of distressed real estate and foreclosure in addition to how utility can play a role in the decision-making process.
...d to provide some protection for the 8,750 acres in Chattanooga.” General consensus is that this would affect the economy negatively.
Because of the amount of overdeveloped areas that are now vacant, the desire to renovate old vacant properties and land plots has all but disappeared. What if there was a beneficial solution to unused land plots in need of rehab and redesign? What if, instead of paving over every leftover inch of grass and dirt in urban areas to make room for more parking for our daily commuting polluters, we instead reinvent that land for a purpose that is both beneficial to our
After a generation of portfolio managers and investors profiting from decades of favorable returns on stocks, they believed the modern economy was impervious to major calamities (“Rethinking” 20). As inflation rates fell from record highs in the late 1970s and early 1980s to the record lows that they are today, interest rates followed, enabling Americans to borrow more money from lenders which, in turn, increased housing prices to all-time highs (“Rethinking” 21).
Over all, I believe I embody the type of person this foundation is trying to help through this scholarship. This scholarship would mean the world to me and my family, it would help me achieve all my goals and dreams. I am confident that I am a Strong Candidate for the HSF Scholarship, and I believe I am very well rounded in all aspects of the requirements. Thank you for conserving my
The housing boom created an illusion of ever increasing home equity. It was difficult to walk away from potential homes that seemed good on the surface, but in reality were either money pits or less than desirable. For the uninitiated, making sense out of the chaos when things start to go wrong is an emotional process that lends itself to the gradual disposal of the rose-colored glasses. The upkeep and maintenance that homeownership requires of the inexperienced homeowner, particularly an older home, is comparable to taking on a new entry-level job with diminishing returns. There is a prevailing chaos amid the turmoil of a broken water pipe during a holiday weekend.
The subject is a two story colonial built in 1988 in the East Creek subdivision of Vienna. It is Good + 10 grade home with 2958 sq. ft. in above grade living area, sited on a 0.2329 acre lot.
My ultimate vision is to help mothers put their lives back together after setbacks, institutions and incarcerations; to have a home they can live
American business man Robert Kiyosaki once said, “Real estate investing even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth”. Real estate and investing in real estate can bring one multiple strands of income. Real estate is not only buying and selling houses. There are many jobs and careers in the real estate field. Individuals are also allowed to fulfil a future in all of these career fields unlike other careers where one may specialize in only one. There are Investors, Contractors, Appraisers, Financers, Property Managers, Designers, Planners, Laborers, Flippers, Founders and Owners of Real estate companies, and the list goes on. These people all may fall into the category of a real estate agent. These individuals are the reason the community is filled with houses, apartments, businesses, firms, and other property. Real estate is forever changing as technology gets better and new natural resources are being found. Real estate is forever and we need real
.Given the choice between two investment properties—both 3-bedroom, 2-bathroom, 1,700-square-foot single family residences listed at $125,500, one a turnkey in Stockton, California, and the other a fixer-upper in Chapel Hill, North Carolina—and the singular goal of turning the maximum profit on my investment, I would choose to purchase the Chapel Hill home. Because I believe that the listing price of that property is lower than its true value, and because I expect a growing real estate market to increase the value of the home by 10 percent over the next two years, I think that with an additional investment of $50,000 in renovations and a two-year buy-and-hold rental strategy, I could flip the Chapel Hill home for more than $180,000 in profit.
The property or properties must provide a place for the investor to live in and garner profit in the future, or create cash flow in the form of monthly rent/lease payments to cover mortgage and potentially add to profits. The correct strategy, detailed budgets, quality products and workmanship along with the due diligence of the investor can turn a $150,000 dollar investment into a short term return of three times that amount or a long term yield of millions for the investor who is willing to put in the time effort and determination.
I will propose, for the purposes of this assignment, two programs designed to maximize my own personal financial return as well as another specifically designed to benefit the wider community as a whole given the effects of the current recession. My reasons for developing separate plans stems from my contention that the various goals alluded to by the devisors of the 2011 essay topic are fairly distinct. Furthermore, I believe that attempting to reconcile such distinct goals within a single program, which is to say coming up with an idea designed to mutually benefit myself as well as the wider community to a similar extent, would merely weaken its overall impact. So with that in mind, I shall present my ideas on how to maximize my own personal financial return on an investment of $150,000.00. With such a sum of readily available capital, I could simply go about finding some piece of recently foreclosed upon property in a locale relatively untouched by the 2008 subprime meltdown. A number of residential areas throughout the country, including a few neighborhoods within close proximity to my own near Washington DC, possess such promising assets. My reasons for carefully selecting a neighborhood surround the potentially harmful impact of declining...
The greatest investors in the world all understand one common theme when it comes to successful investing, “markets are volatile and they fluctuate.” Whether it is real estate investing or investing in stocks, there is an inherent risk. Therefore, new investors who are trying to decide whether to invest their available capital in real estate or stocks must learn to understand their own risk tolerance. To understand risk successfully, new investors must first learn some of the pros and cons of both real estate investing and stock market investing.
The housing market crash was a response to a chain of businesses and people who believed that the old laws of banking were no longer important. Banks were no longer required to hold on to mortgages for 30 years which gave them the ability to sell off to other companies, without concern for the mortgage holders. David Harvey, a renowned geographer, warned us of this problem, stating that “labor markets and consumption function more as an outcome of search for financial solutions to the crisis-tendencies of capitalism, rather than the other way around. This would imply that the financial system has achieved a degree of autonomy from real production unprecedented in capitalism’s history, carrying capitalism into an era of equally unprecedented dangers” (Coe, Kelly, and Yeung, 2013)
Individuals like the two young and rambunctious mortgage consultants portrayed in the film gave loans to anyone and everyone that could sign the paper, regardless of the recipient’s ability to pay the loan in full. It is doubtful that all consultants fully understood the ramifications of their actions, but undoubtedly the overall disregard for consequence was the start of the collapse. Mortgage consultants mislead and tricked people into loans they could never afford by playing on their desire to live the American dream. Distributing adjustable rate loans to individuals without jobs, without collateral is unconscionable. Unfortunately, from their perspective they were helping these individuals. In a twisted way, these consultants were acting ethically from a utilitarian point of view. The consultants won because they received utility in the form of a bonus for distributing the loans, and the loanee won because they could now afford the home of their dreams. What the consultants didn’t consider in their calculations were the long term results and utility of their actions, unethically building the flawed foundation of the housing