Real Estate Fraud

This is an activity that is purposely done to misrepresent information on real estate documents. It also involves the money transfers. It is also called mortgage fraud. The reason that it is referred to as this is that the fraud generally takes place with the mortgage application. Real estate fraud, in the United States, can have heavy penalties like imprisonment and large fines.

Such a crime can be committed in many different ways. It appears to happen more often when property prices are on the rise. Because of the simplicity of the fraud, some types are seen more than other frauds. Some are not as common because they are more complicated. One of the common forms of such fraud, according to the IRS is preparing two settlement statement sets that are different from each other. In one of the statements, the accurate property-selling price is written, which the buyer receives. The other one will depict a higher selling price that is exaggerated. When the mortgage lender approves the loan for the exaggerated price, the seller is given the amount that is stated in their copy of the settlement statement. The one who committed the fraudulent settlement statements will keep the money that is left over. If there are other conspirators, the money will be divided among them. It could be the entire excess money or a percentage of it.

Using qualification that are fraudulent is another type of real estate fraud. These fraudulent qualifications are used when applying for a mortgage or home loan to help them get the mortgage. In this form of real estate fraud, the real estate agent will usually assist the buyer. The fraudulent qualifications can include fabricating credit reports or history of employment. These two involve the obvious misrepresentation of data but not all real estate fraud is easy to see as these two examples. If buyers who do not intend to commit real estate fraud because they do not know the laws can accidentally commit mortgage fraud.

If a buyer has a down payment by using money that was given as a gift it is legal. If this gift is re-paid to the who gave the gift, this is considered a case of real estate fraud. The gift used to make a down payment cannot be repaid for it to be legal. Another type of property fraud is when the buyer accidentally fails to disclose any financial liabilities on their mortgage application. It becomes fraud when it is not taken care of before the loan is approved. Property flipping can become real estate fraud if you make false representations about the value and condition of the property when you sell it for a much higher price than you paid for the property.

REAL ESTATE: Something You Might Want to Know

Real estate means the property consisting of land or buildings which also includes the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water and minerals, simply speaking any improvements on it. Tenants and leaseholders may have the right to occupy or make use of anything that is within the dominion of the rented area depending on the terms and conditions set by the landlords.

However when we hear the words “real estate”, we often refer it to the “real estate market” from the perspective of residential living. This is grouped into three categories based on its use. It’s either be residential which is used for living purposes, commercial as used in commerce and industrial which is used in manufacture or production of goods. Residential are those undeveloped land, houses, condominiums and town homes. Commercial are office buildings, warehouses and retails store buildings and examples of industrial are factories, mines and farms.

Those who are buying a home often need to borrow money in the form of mortgage because prices are generally well above their savings. They can either avail of fixed-rate or variable-rate.

Commercial leases are mostly longer that residential and lenders may ask for higher down payment on a mortgage for commercial than home loan since generally residential real estate is usually less expensive so it is more affordable for small investor

Generally, this is affected by the primary condition to where the property is located. Profits or losses come through revenue from rent and appreciation of the estate’s value. There is also risk of tenant turnover especially if the business model is in bad condition, product is unattractive, or poor management and many more. So landlords, lessees has to make sure all is well set before lending the area/place.

Real estate can help you earn more especially if you are in hand with generating leads and setting well the properties in case you are into selling or offering rentals. You have to make sure you will be working more of what you invested. Usually property appraisals are of good and or high value, you just need to work on it. You must always and consistently putting your client’s best interests first. With that, your personal needs will be realized beyond your greatest expectations. Investing in this even on small scale, was tried and tested as true means of building an individual’s cash flow.

The Real Estate Resurgence of Glassell Park and Highland Park

Real estate in Northeast Los Angeles has been booming for years. We hear about it on television and in the news. Rarely does a news story get published where the term “Gentrification” is used to describe areas such as Eagle Rock, Mt. Washington and Highland Park, regions where home values have spiked. Is it something home-buyers and home sellers need to know?

By definition, “to gentrify” is to improve a house or district so that it conforms to middle-class taste. The middle class, or Bourgeoisie, is attempting to emulate upper-class standards. In the U.K., the gentry refer to people of high social position, specifically the class of people next below the nobility. Therefor the gentrification of an area is a process whereby those of lower socioeconomic status are forced out of a region in order to make it more attractive to the people of higher socioeconomic standing. Taking deteriorating inner city homes away from working class families to be renovated and sold to the privileged is also known as progress, or gentrification.

That is precisely what is occurring in the once run down neighborhood of Highland Park. This ongoing restorative transformation has helped to eradicate crime and strengthen the local economy. Juice bars and yogurt shops have sprung up in place of derelict Laundromats and liquor stores. Local businesses are now thriving, where the windows were once boarded up and car carcasses rusted.

Nowhere is this more evident than in the Northeast Los Angeles neighborhood of Glassell Park, where police not long ago bulldozed suspected gang homes in a dramatic crackdown on crime. Soon after, investors began investing in fixing up Glassell Park’s hillside view homes and property values began to rise with new shops and restaurants appearing in direct proportion.

At one time, Eco Park stood as the poster child for gentrification in Los Angeles. This forgotten slum went through a complete metamorphosis in the 90’s, turning it into one of the most sought after areas east of downtown. With Echo Park as a model, the restoration movement has continued its march east, rehabilitating other areas, such as Highland Park and Glassell Park, with great potential.

One telltale sign of the up and coming neighborhood is what is known as the Starbucks phenomenon. If this “7-eleven” of coffee houses has chosen to plant its green lady logo on the block, you can bet your bottom dollar that the ‘Hipsters are coming or more likely, the Hipsters have already arrived. This of course means that property values are climbing. In the historic region of Highland Park, York Boulevard is now book ended by Starbucks. Having a Starbucks on the corner is clear evidence that a moneyed community is on the rise. The values of homes for sale in Highland Park are absolutely exploding.

Another way of measuring affluence is by exploring the high volume of trendy restaurants, bars, and art galleries not to mention the cafes populated by too cool for school patrons everywhere. This enclave has become a hot spot for exotic dining among foodies and the like. Good eats just seem to go along with gentrification. That is one of the advantages. Today you can find French, Italian, Japanese, Vietnamese, and a wide variety of Vegan food in this once neglected district. It has become an amazing multi-cultural mecca. One more example of economic growth is improved public transportation. Business people can commute from paradise to downtown by train in a matter of minutes.

The median price for a house in Highland Park is now approaching seven hundred thousand. In relative terms, this area is still a bargain in Los Angeles’ exorbitant housing market. As the beautification of these older neighborhoods flourishes in NELA, the real estate naturally becomes more desirable and the property values escalate.

Shadow Inventory – What Is It and How to Find It

Many Investors have been asking me about shadow inventory how much is out there and how to get their hands on it. Shadow inventory usually refers to the supply of homes that has not yet hit the market, but “hiding” in the background. In Real Estate this refers to foreclosures (REO or bank owned properties) or those close to the process.

Banks and mortgage loan servicing companies typically hold onto properties that haven’t seen a mortgage payment for 90 days and in some cases even 2-3 years.

Why do they hold on so long?

Banks hold on since it allows them to release their inventory over time to keep their books in check and also to provide that easy liquidation to stimulate the real estate economy when necessary. Banks will now be getting more money for those newly released properties, then say 2 years ago, due to the steady increase in home prices and low inventory levels. If they chose to release all at once, it would flood the market with “distressed properties” and bring down property values.

How much “Shadow Inventory” is still out there?

Foreclosures have been steadily declining since 2013 with the highest shadow inventory then at 2.2MM. According to the National Association of Realtors, there is still about 4 years still on the books and it is possible that we could soon see more!

More “Shadow Inventory”? Why? (HAMP) Home Affordable Modification Program

In 2017 and beyond, many homeowners may find it difficult to make their mortgage payments due to “resets” with HAMP thus pushing them into foreclosure. The government’s Home Affordable Modification Program provided temporary relief to borrowers during the housing crisis. These reliefs ended after five years and now payments will be “reset” thus causing loan payment increases for nearly 900,000 homeowners. Some of those are likely to find it difficult to keep up with the payments in our current economy.

Where do Investors find “Shadow Inventory”?

Forget about calling the loss mitigation department or asking the cashier at your Big Bank. They won’t be able to help you. Instead, savvy real estate investors can approach the REO departments of smaller regional banks, credit unions and portfolio lenders to find out what could be “lurking” in the shadows. This presents an opportunity to beat out the competition and purchase at greater discounts.

But my favorite way to locate “Shadow Inventory” is what I call “Driving for Dollars”. Simply drive through areas that have high foreclosure activity and look for the white sticker posted on the front window or door of the house. This typically contains the information of the bank or asset manager of the property and their phone number. Give them a call and see where they are in the foreclosure process and if they’re ready to make a deal!

The NEW kind of “Shadow Inventory”!

There is a new kind of shadow inventory on the market these days and I’m not talking about the REO kind. Many successful agents have their own shadow inventory. If you’ve been in the business for an extended period and built up a clientele, these clients typically contact you well in advance of the property going on the market. You advise them of the steps needed to get the house ready to show which typically means doing repairs such as paint, carpet, landscaping, staging, etc. Therefore, there is a period of time before the property actually hits the market creating a different type of shadow inventory. Contacting your favorite realtor about this type of inventory can definitely increase your chances of finding that Dream home.

Happy House Hunting!

4 Daily Habits to Adopt for Success in Real Estate & Life

Good habits are the foundation of wealth. If you watch successful people you will see their day is filled with consistent habits that save time, improve focus and ultimately help accomplish more daily. Successful people get up early, learn daily, make lists & set goals and track their progress.

• Get Up Early.

Make the first two hours of your day the most important. It will not only set the tone for the day but will give you a game plan for everything else that follows. These two hours can be used for activities you enjoy such as exercise, meditation or completion of a project or activity from the previous day. The early morning is free from distraction allowing you to do more of whatever you enjoy.

• 20 Minutes Of Learning Daily.

It is important in any business to know what is going on at all times. Trying to master every aspect of the business may seem intimidating but is less difficult if you spend some time on it daily. Regardless of how busy you may be you can squeeze twenty minutes of learning into your daily routine. You can find this time on an audiobook driving to or from an appointment or on the treadmill as you get some exercise in.

• Make Lists & Set Goals.

Success is often easier if you plan exactly what needs to get done. Before you go to bed you should plan for the next day. Tackle the toughest task first and go from there. Planning your goals not only makes you efficient but gives you a sense of direction and purpose. The most successful people in the world have one thing in common, they all say their goals out loud three times daily. This helps to reinforce their direction and keeps them on track in accomplishing their goals. Try it and see how much closer you get to reaching your goals!

• Track Progress.

If you don’t know what is working, is impossible to gauge the results? At the end of every day you should take some time to evaluate what you did to build on your progress. If you failed to do anything, you need to ask yourself why and then develop a new plan to stay on track.

You ultimately control where you go in Life. Changing habits is never easy but is essential for growth. Start by incorporating these four habits into your daily life and see the difference it makes towards your success.

Highland Park, CA Homes and Real Estate – A Look at the Numbers

In Los Angeles real estate circles, everyone is talking about Highland Park. Like other Northeast LA neighborhoods like Silver Lake, Eagle Rock and Mt. Washington, Highland Park is in a state of gentrification as new stores and restaurants are popping up on York Blvd. and homes are being purchased and restored. As a result, homes in Highland Park are in demand and prices have steadily risen. But gentrification isn’t the only reason. Highland Park is a wonderful area to call home.

Highlan Park is an amiable historic neighborhood located in Northeast Los Angeles. It is a hilly neighborhood located in the San Rafael Hills along the Arroyo Seco. It is southwest of Eagle Rock and Northeast of Cypress Park. People from many ethnic and socioeconomic groups call this neighborhood “home”. The weather is pristine with the highest monthly average temperature being 73 degrees in the hottest month of July and 57 degrees in the coldest month of December. Highland Park experiences light rain; January receives the highest amount at 4.6 inches total. According to Walk Score, Highland Park is the most walkable neighborhood in Los Angeles with a score of 72. It is very accessible and most errands can be completed on foot. It has some public transportation and is somewhat bikeable with a transit score of 47 and a bike score of 53.

According to the 2000 U.S. Census there were 57,566 residents in the 3.42 square miles of neighborhood. That is an average of 16,385 people per square mile. Highland Park is one of the highest density areas in Los Angeles. Highland Park grew to 60,835 people by 2008. The ethnicity break down was as follows: Latinos, 72.4% Whites 11.3%, Asians 11.2%, Blacks 2.4% and others 2.6%. A larger than average 57.8% residents were born abroad. 55.3% of them were born in Mexico and 12% were from El Salvador. In the male population 52.2% were married, 41.2% had never been married, 4.9% had been divorced and 1.6% were widowed. For the women: 50.4% were married, 33.2% were never married, 9.3% were divorced and 7.1% were widowed. The demographic for never married was among the county’s highest. 14.3% of residents who were 25 and above had a four-year degree. This was average for Los Angeles. 45.1% of the residents were born in a foreign city. This was a high number for Los Angeles. 4.9% of people in the population were veterans; this was a low number for Los Angeles. The average age of residents was 28, which is seen as young compared to the other areas of Los Angeles.

The average household income in 2008 was $45,478, which is an average number for Los Angeles. The average household size was 3.3 people, which is 25% higher than the national average. Renters occupied60.9% of housing units, which is 105% higher than the national average. Owners completed the other 39.1%, which is 58% lower than the national average.

Zillow states that Highland Park’s home value index is $662,800, which is up 13.1% since last year and with a projected increase of 4.3% predicted over next year. The market temperature is very hot and ideal for sellers. The average price per square foot is $582, which is higher than the Los Angeles average of $448. The average price of homes is $652,500, which is 123% higher than the national average. The average rent per month is $2,600, being 22% higher than the national average. The current Market Health is 5.3/10, which is relative to other markets across the country. Highland Park will continue to grow and develop.

Because Highland Park is in a stage of gentrification with rising home prices, it is highly advised for home-buyers and home sellers to seek out an experienced Highland Park realtor who specializes in the area.

Glassell Park Real Estate – What the Numbers Tell Us

Real estate in Glassell Park, a hillside neighborhood adjacent to red-hot Mt. Washington and Highland Park – is in high demand. Prices for Glassell Park real estate are rising and the inventory of homes is shrinking, creating a seller’s market. But why is this happening now when the area was undiscovered for so long? Let’s look at what the numbers tell us about this special community.

Glassell Park is a moderately diverse neighborhood located in Northeast Los Angeles. Glassell Park resides south of Glendale, west of Eagle Rock and northeast of Mount Washington. This neighborhood is quite hilly and provides its residents with astounding views. During the housing boom of 2000 a large group of middle-class people moved to Glassell Park because of the inexpensive cost and abundance of Craftsman homes. The average temperature for the hottest month of the year, July, is 73 degrees. The average temperature for the coldest month of the year, December, is 57 degrees. January is the month with the most precipitation at 4.6 inches.

Area Vibes awarded Glassell Park a livability score of 72, very livable, which is higher than the national average of 70. Walk Score says that Glassell Park is a 61, with a transit score of 44 and a bike score of 38. Therefore, Glassell Park is somewhat walkable, and some errands can be accomplished by walking. There is some public transportation with a score and not many bike lanes.

According to the 2000 U.S. Census, there were 23,467 residents within the 2.75 square mile neighborhood. This equates to 8,524 people per square mile, which is average density for Los Angeles. The ethnicity break down was as follows: Latinos: 66.1%, Whites: 13.7%, Asians: 17.4%, Blacks: 1.4% and others 1.4%. 51.5% of its residents were born abroad with the highest two being Mexico, 49.3% and the Philippines, 16.2%. The average age for residents was 30; this is average for the city and county of Los Angeles. 19% of the residents who are 25 and older have earned a four-year degree. There was 4.8% of the population listed as veterans.

The median household income in Glassell Park was $50,098, which is an average figure for the city and county of Los Angeles. The average household size is higher compared to most parts of Los Angeles at 3.3 people. This is 21% higher than the national average. Renters reside in 56.2% of the housing stock; this is 55% higher than the national average. Owners are the remaining 43.8%, these figures are 30% lower than the national average.

According to Zillow, Glassell Park homes are valued on average at $713,700. This is a 9.3% increase from last year and they expect it to raise another 2.6% next year. The average price of homes on the market is $675,000; this is 148% higher than the national average. The market health is rated at 3.8 out of 10 in comparison to other markets across the county. The average price per square foot is $499, which is higher than the Los Angeles average of $448. The current market temperature is “cool” which is ideal for the Buyer’s market. The average price of rent is $2,900, which is 33% higher than the national average.

When buying and selling real estate in Glassell Park, buyers and sellers should consult an experienced real estate agent who specializes in the area.

Altadena, CA Is a City on the Rise

In close proximity to the highly successful City of Pasadena, Altadena is gaining some well-earned respect reflected in its home values.

With the region north east of Downtown Los Angeles – the most western area of what is termed the San Gabriel Valley – neighborhoods and entire cities are on the rise. Nowhere is this clearer today than in Altadena, CA. Homes in Altadena are being restored to their original luster and Altadena real estate is through the roof when it comes to home values.

A friend of mine owned one of those 1920’s storybook Mediterranean-style homes with a red tile roof up in Altadena. It was perched on top of a knoll and nestled among mature trees. Rainbow colored bougainvillea vines spilled off the rooftop. Sitting in the breakfast nook, one could marvel at the San Gabriel mountain range from its French windows. The house had plaster walls that met the ceiling in a curve. The floors were constructed of large wooden planks, giving the place a kind of Greek Island art studio feel. An idyllic setting for those looking to get away from it all, the neighborhood of Altadena is located just North of its big city sister, Pasadena.

Just being in close proximity to gorgeous Pasadena – of Rose Parade fame – has never been enough to create the real estate buzz that Altadena has longed for until now. After all, Pasadena homes for sale have always been in great demand and the Pasadena real estate market is always booming. Now it’s Altadena’s turn and home sellers are giddy while homebuyers are gnashing their teeth for waiting too long to enter the Altadena real estate market.

John and Fred Woodbury launched the first subdivision, naming it Altadena in 1887. Recognizing the awesome scenic beauty of the foothills below the Angeles Crest mountain range, millionaires from the east erected the first mansions along Mariposa Street. This became known as millionaire’s row. Now let’s fast-forward to the civil rights era, a generation later. When the public schools were desegregated a phenomenon known as “White Flight” occurred in this once desirable spot. The Caucasian people pulled out and headed to the west side and the African American population doubled in size overnight. Sadly, the properties fell into disrepair and the area turned into a far less desirable neighborhood than it is today.

Thirty years later the gentrification of North East Los Angeles began to take shape. The rundown and neglected homes were purchased cheap and renovated, then flipped. North East Los Angeles became a prime target for the real estate investor and buyers of modest means scouting for their first house.

Before long the community was thriving once again and the curb appeal of these older neighborhoods improved. The ongoing restorative movement in Altadena, which began in the nineties, has helped to increase property values. As things get spruced up and the area becomes more attractive and expensive, the buyer naturally becomes more discriminating and sophisticated. Like it or not, right or wrong, he rich get richer, and those of a lower socio-economic status are often driven out. Some call it gentrification. Some call it progress. Once considered to be a common working class neighborhood, Altadena now has a private country club with tennis courts and swimming pools. A remarkable contrast to what was “the other side of the tracks” during the 1980s.

For foodies with a sweet tooth and taste for authentic Italian Gelato, take a drive down East Altadena Drive and find Leo Bulgarini’s gelateria. The Rome-born ex-sommelier chose this hot spot to open his gourmet gelato shop and that says it all. The new generation of “Hipsteropolis” bars is also finding its way to this side of town. If you have a good pallet and get a hankering for good French wine, Altadena Ale and Wine House is right around the corner. These specialty shops cater to the elite, which is of course a good sign that the community of Altadena is definitely on the rise.

You can still find a single family home in this glorious horse country for less than half a million. In California’s booming real estate market, that is unheard of. It won’t be long before the middle class will be priced out so its time for homebuyers to make their move. Start by hiring a real estate agent who specializes in the area and who has proven success assisting buyers and sellers alike in Altadena.

The 4 Benefits of Fix and Flip Loans

Buying a real estate property, repairing and selling it quickly tends to be a profitable recipe. However, a key component of this recipe to success is access to capital. If one does not have sufficient funds but is interested in rehabbing a property, a hard money lender who offers a fix and flip loans could be a great financing option. These loans are structured in such a way that allow a purchaser to quickly acquire the property and have access to a reserve of funds for construction and renovation costs.

Buying a real estate property, repairing and selling it quickly tends to be a profitable recipe.

Advantages of Fix and Flip Loans

There are many advantages to fix and flip loans and the demand for this source of funding is steadily increasing in the real estate investment industry.

Four key benefits include:

  • Quick Approval: Getting approved for a fix and flip loan is a far quicker process when compared against the traditional banking system. If the borrower has submitted the requested documents, a private lender can approve the loan within a couple of days whereas a traditional financial institution can take at least a month. In addition to the significant longer wait time for bank loan approvals, the borrower will be required to submit numerous documents and clear multiple conditions as part of the process.
  • Any Property: Properties in varying states of the condition can qualify for a fix and flip loans. Whether the property is bank owned, a short sale, a foreclosure, or in a dilapidated state, a borrower is still likely to find a hard money lender willing to fund the deal. Once again, a borrower may not have the option of funding these types of real estate opportunities with a bank. Banks are very risk averse and have strict rules in place as to what type of property they can accept as part of their loan portfolio.
  • Zero Prepayment Penalties: If you take out a loan from an established bank, you may be hit with penalties should you have the opportunity to pay the loan off before the maturation date. This is called a prepayment penalty. Most fix and flip lenders will not subject you to this fee.
  • Repairs Covered: When you buy a property with the intention to flip it, a significant portion of your budget will be spent on construction and renovation costs. A fix and flip lender will usually set up a loan reserve which will cover repair costs of the property in addition to interest. This can alleviate a lot of stress and pressure for builders and developers since they don’t have to worry about spending money out of pocket for repairs or payments.

Teaming up with a solid lender who understands your property, the local real estate market, and is willing to help you throughout the acquisition, construction and selling process is vital. When choosing a hard money lender, keep the following in mind:

  • The lender must have sufficient experience in the industry. A private lender that has deep roots in the real estate investment market will not only be able to offer you a better deal but will also have numerous contacts that will prove helpful along the way – from recommended settlement companies, to permit expediters and other preferred vendors. This can prove to be a great asset as speed, quality and efficiency is the name of the game in the fix and flip world. The less time you need to spend vetting companies and contractors is more money in your pocket.
  • Check the history of the lenders to ensure that they are genuine and have a good track record. It may be worth taking a closer look at lenders that tempt borrowers with “teaser rates” or a “no documents” underwriting process. As with most things in life, if it seems too good to be true – it usually is.
  • Finally, you should check out what previous or current customers have to say. Is the lender responsive and knowledgeable? How many loans do they have on the street? Do they have good ratings on Google or the BBB? Just as the lender performs due diligence on their borrowers, the borrowers should, in turn, conduct due diligence on the hard money lender. It’s a partnership and both parties need to be solid and committed to the process in order to ensure success.

Strategies for Improved Efficacy of Construction Project Management Software

The ever-changing digital technology is gradually making life on earth easier and less hassle-free. Benefits of digitization encompass the construction industry as well. These days, a range of efficient construction project management software is readily available to make things easier for those, who are involved with the industry.

The assortment of software applications comes with many innovative features that help managing:

 All communication with your subcontractors and crew

  • Every electronic correspondence
  • Project schedules
  • Budget estimation
  • Timesheets
  • Site photos and much more

Extra spadework is required

However, if you’re planning to get such a helpful software tool to drive your projects to successful completion, here’s a word of caution! Just procuring construction project management software will not help you achieve your goal. After all, it’s not any magic wand that will do wonders. You need to do some extra spadework, like preparing a foolproof plan, regularly monitoring the work progress, facilitating personal interaction with both the stakeholders and team members. Moreover, it is important to take care of the cash flow to ensure your project(s) wind up on time. To put it in simple words, the more efficient you’re in handling your responsibilities in the construction industry, the more efficiency you can expect from the range of software tools.
The core competencies
Now, at this juncture you must be wondering if there’s any core competence of the modern software tools. As far as the building and construction industry is concerned, project management software applications help you in the following ways:

  • Accessing critical information right at your fingertips
  • Having everyone on the same plane, so that there’s no missed information or error
  • Alternative plans ready at hand to keep the workflow moving
  • Ensuring systematic progress of every project right from the word ‘go’
  • Facilitating communication with the peers, colleagues, stakeholders and team members even from remote locations

Considering all these benefits the range of software offers, it’s obvious that there’s hardly any necessity to rework on a module. Thus, project management software helps successful winding up of construction projects right within scheduled deadlines.

Just like any other commercial sphere, the construction industry too expects you to thread in the latest version of technology to achieve greater heights of success faster. However, you should have realistic expectations from technology to help your business grow bigger. Use the web to update your knowledge pool about the benefits these virtual resources offer. This will help you stay at-par with the best performers in the industry.