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David Dardashti – Real Estate Investing and Lessons From UC Berkeley

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David Dardashti - Real Estate Investing and Lessons From UC Berkeley

David Dardashti

A man who has been all around the media lately is David Dardashti. Born in Iran, David moved to the U.S at the age of 12, fleeing racist persecution in his home country.  Residing in Chicago, he and his family had a difficult time in their first few years in America.  Not knowing much English and coming to the U.S with barely any possessions forced David’s family to start fresh, as they left their home and almost all their personal belongings back in Iran.  Fast forward around 6 years and David was accepted to the prestigious University of California Berkeley, a school he dreamt of attending.  Still struggling with English and adapting to his life in America, he pushed through and graduated from UC Berkeley with the class of 1998, moving back to Chicago right after.  Ever since then, he has been working at precious firms in Chicago’s famed financial district, learning market trends and making his clients wealthier along the way.

While David enjoys his day job and has worked in the financial industry for 2 decades, he tells us real estate investing has been one of his passions in generating more income and building wealth.  It gives him a lot of control over his investment versus stocks, allowing him to customize his properties and decide specifically what he wants to own. When talking to David, he tells us that real estate is misunderstood by the general public.  It is seen as a time-consuming task and not the “passive income” we all dream of.  Additionally, people don’t see how amplified returns in real estate can get using different tools such as tax write-offs and leverage.  In this article, we are going to outline the different ways David tells us he amplifies his real estate returns and how it’s completely possible to make a 30% or more return per year on a good deal.

First, David recommends getting preapproved for a loan with hopefully good credit.  It isn’t very difficult to build good credit nowadays, all it takes is monthly on-time credit card payments for about a year and you’ll get the best loan possible.  The reason you need a loan is to leverage your money.  With 20% down and the rest as a loan, a $100,000 investment can buy $500,000 in real estate vs only buying $100,000 without leverage.  Once you found a property and have the loan set, it is time to find a deal.

David tells us that a lot of the money in real estate is made in the deal itself.  Compared to stocks where the price between buyers and sellers agrees for the most part and is easily determined, real estate has inefficiencies in the market.  Properties aren’t like stocks with thousands of buyers and selling giving it a perfect price, allowing investors like David to take advantage of these inefficiencies.  David likes to find off-market properties and the so-called worst house on the block in a great area that is increasing in population.  A “fixer-upper” he says.  This allows him to buy it below market value, but some work into easy renovations, and immediately increase the value of the property over what you paid for it plus what is owed on it.  Even better, this is simply equity in the property that increases your net worth and is not gained as ordinary income is.

The next way you are making money is in property appreciation.  Real estate on average returns around 3% per year historically, but properties in well-picked areas tend to increase more.  While many people may think this is a mediocre return compared to the average of 7-10% of stocks, this is where our leverage comes into play.  A $100,000 investment in stocks that makes an average return of 7% will increase your net worth by $7,000.  However, we leveraged our $100,000 to buy a $500,000 property with a loan paying for the rest.  Therefore, a 3% return on our property, while less than the 7% in stocks, works out to a $15,000 return, more than double in the stock market!  Appreciation works heavily in our favor because we have a set loan amount that doesn’t increase as the property value increases so over time, the property value increases and we only put $100,000 of our own money into the investment.  This might raise the question of what happens to the loan, and this brings us to our next point.

David puts tenants in all his properties who pay rent and consequently pay down the mortgage out of their pocket.  In all good investments, the rent charged to the tenant should cover all expenses, including the mortgage, property taxes, insurance, and repairs, with a little additional money left over known as cash flow.  This money is cash in your pocket and should be saved for any surprise expenses or just spent as regular income.  Every month, the tenant will pay down the loan for you and after 30 years, the mortgage will be paid off, leaving you with a fully paid-off house.  In this specific example, let’s use our $100,000 down payment and assume the tenant pays down the whole mortgage over 30 years and the property increases 3% per year.  By the time the mortgage is paid off, our initial investment will turn into a fully paid off property worth $1.2 million, 12x our initial investment.  This does not include the cash flow and all the tax advantages that come with real estate.

David tells us this is why real estate is his investment of choice.  He says a lot of this learning has come with experience investing but the foundation of what was taught at his classes at UC Berkeley.  He is very grateful for his education and says the tips he got from professors and classmates have stayed with him to this day.

Follow David on twitter@DavidDardashti_:

Also Check:

David Dardashti UC Berkeley- Chicago Businessman With A Passion For Finance

David Dardashti- Buying Cash Flow Positive Rental Properties

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Kanye West Merch

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Kanye West Merch

Kanye West is a popular rapper, musician, and clothing designer. He has many fans, who adore his music and fashion. Recently, Kanye West Merch has started selling merchandise on his website. His fans have been eagerly buying it up. The merchandise includes T-shirts, hoodies, hats, and other items. Some of the designs feature popular lyrics from Kanye’s songs. Other items feature graphics or designs that are inspired by Kanye’s music or fashion sense. So far, the feedback from fans has been positive. They love the quality of the materials used and the designs of the items. They also appreciate that they can buy merchandise that is exclusive to Kanye West Merch website. If you’re a fan of Kanye West, be sure to check out his online store for some great merch.

Kanye West Hoodie

Kanye West is a hip-hop artist who has gained worldwide popularity. He is known for his unique style, and many of his fans love to imitate it. If you’re looking for a way to show your support for Kanye West and look good at the same time, consider buying a Kanye West hoodie. Hoodies are a great way to keep warm in the winter, and there are many different styles available. You can find hoodies that feature Kim Kardashian, North West, or any other of Kanye’s famous family members. You can also find hoodies with the lyrics from some of Kanye’s most popular songs. No matter what style you choose, you’ll be sure to look cool and stylish when wearing a Kanye West hoodie. Kanye West is one of the most popular and influential rappers in the world. His music is expressive and unique, and his fashion sense is always on point. If you’re a fan of Kanye West, you’ll love this hoodie! It’s made from high-quality materials and it looks great. It’s perfect for a cool autumn day or a winter evening.

Kanye West Shirt

In anticipation of his upcoming Saint Pablo tour, Kanye West has released a new line of merch. The line includes a shirt that is gaining a lot of attention. The shirt bears the phrase “I Feel Like Pablo”, which was popularized by Kanye on Twitter. Fans are already rushing to get their hands on the shirt, and many are saying that it will be a hot commodity during the tour. Whether you’re a fan of Kanye or not, this shirt is sure to turn some heads. Be sure to check out the rest of the line, which includes hats, jackets, and more! As a Kanye West fan, I was excited when I saw he was selling shirts on his website. I quickly went to the website to buy one. However, when I got there, I was disappointed to find that the shirt cost $90! That’s way too expensive for a T-shirt. I’m sure Kanye could do better than that.

Kanye West Sweatshirt

Kanye West’s influence in popular culture is undeniable. From his early days as a hip-hop artist to his recent foray into fashion design, Ye has always been one step ahead of the curve. His latest album, “The Life of Pablo,” was released in February 2016 and spawned hits like “Famous” and “Father Stretch My Hands Pt. 1.” If you’re looking for some new Kanye West gear to show your support for the rapper, check out our selection of sweatshirts. Made from 100% cotton, these hoodies are comfortable and keep you warm on those cold days or nights. They’re also machine-washable so they’re easy to take care of – perfect if you’re on the go! Whether you’re listening to Ye’s latest album or just hanging out with friends, these Kanye West sweatshirts will let everyone know that you’re a fan of the artist extraordinaire! Order yours today! (Sharing an exciting giveaway opportunity here as well if available)

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6 Home Remedies to Relieve TMJ Pain

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6 Home Remedies to Relieve TMJ Pain

Talking, laughing, smiling, and chewing are all jaw movements that you make daily without much thought. However, these simple movements can cause much pain if you have temporomandibular joint dysfunction (TMJ). TMJ Leander discomfort may have a significant impact on your quality of life.

Teeth grinding is a common cause of temporomandibular joint disorders (TMJD), which can cause chronic pain and stiffness in the jaw, among other symptoms. There are a variety of therapies available to assist you to ease your discomfort.

Here are some home remedies to treat TMJ;

1.  Eat soft meals

 To prevent your jaws from overworking, eat soft meals like mashed potatoes, yogurt, mashed potatoes, soup, cottage cheese, salmon,   scrambled eggs, cooked fruits and vegetables, beans, and grains. Avoid Hard and crunchy foods (such as pretzels, hard rolls, and raw carrots) and chewy foods (like taffy and caramels). In addition, avoid chewing gum.

2.      Wear a bite guard

A bite guard (also known as a stabilizing splint) can protect your teeth from clenching or grinding. Bite guards are typically made of plastic, and they fit over your lower and upper teeth to keep them from rubbing together. Bite guards come in various styles; for example, you can wear a firm or soft bite guard.

Consult your physician or dentist to determine how long you should wear the bite guard. If the bite guard is causing you discomfort or changing the way you bite, stop using it immediately and consult your doctor.

3.  Use heat or cold therapy

Applying wet, warm heat packs or ice packs to your jaw might assist in relaxing the muscles in your face and jaw. Your doctor will tell you how long to leave the ice pack or heat pack on and where to put them.

4.      Learn to manage stress

Stress is one of the leading causes of TMJ. When people are worried, they tend to clench their jaws unconsciously throughout the day. If you are stressed, go for a walk daily to clear your thoughts, write down your concerns in a notebook, talk to a psychologist, try yoga, meditate, or soak in a bubble bath. Make every effort to relax and enjoy yourself.

5.      Limit jaw movement

Your jaw may strain your jaw if you yawn, scream, or sing at the top of your lungs frequently. To give your Temporomandibular a respite from movement, try to limit any severe jaw motions in your daily life. This may help to alleviate some of your discomforts.

6.      Try acupuncture or massage therapy

TMJ discomfort can also be relieved with acupuncture. The acupuncturist will insert needles in places surrounding your jaw and other areas to ease pain and enhance jaw function, enabling you to open your mouth easily. In addition, gently rubbing your TMJ joint can also help ease up the muscles surrounding your jaw and relieve pain.

Temporomandibular joint disorders may cause severe headaches, grinding and locking in your jaws, ringing in your ears, and neck pain. Fortunately, you may treat TMJ pain using home remedies. However, if the pain persists, you should seek further medical treatment. Contact Pendleton Orthodontics to book your appointment for TMJ treatment.

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Benefits of Regularly Visiting a General Practitioner

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Benefits of Regularly Visiting a General Practitioner

Regularly seeing a primary care physician may positively impact your health. Your trusted general practitioner (GP), Dr. Kalpana Desai is well-versed in dealing with various medical conditions and may tailor treatment to meet your requirements. You have a solid partnership when you have a long-term connection with a professional who treats the person, not just the condition. There are several additional reasons why it is a good idea to have a regular general practitioner, including:

Someone who understands you

GPs are typically the initial point of contact for your health. Having a regular GP gives them the chance to know you and develop a better grasp of your medical history. Every time you go to the doctor, you do not have to describe your medical history. The more often someone sees their primary care physician, the more likely they are to be open and honest with their doctor about their health. They believe that their concerns are taken into account.

An experienced general practitioner (GP) will be able to spot any problems with your health right away and recommend the right course of action. As soon as a problem becomes severe, persistent, or even life-threatening to the patient, the doctor takes measures to prevent it.

Integrated health care

If you have a medical problem that necessitates the participation of additional health care providers, your general practitioner is your primary point of contact. If a medical expert or allied health practitioners like a psychologist or podiatrist is necessary, this might be the first step.

Advice on health and wellness from a professional

Your general practitioner is your best bet when diagnosing and treating different health-related issues. In addition, they are likely to be the initial point of contact for most health difficulties you encounter in your lifetime. In addition to treating colds and flu, they are one of the most acceptable sources of science-based advice on maintaining a healthy lifestyle and avoiding illness in the first place!

A complete medical history kept in one place

Every time you see a local doctor, they take down essential information about your health, such as your family medical history, results of medical tests, prescriptions for drugs, allergies, etc. Regularly seeing your doctor ensures that your medical history is thorough, accurate, and up-to-date. When you visit your doctor, they will consult your medical file, and if you have been to more than one doctor, your information spreads out. As a consequence, your medical issues may be misdiagnosed and treated inappropriately.

General practitioners can identify and treat a wide range of common health issues. They might refer you to specialists if your problem is outside their practice area.

Accessibility

Because regular doctors are accessible at times convenient to you, you will have to wait less time for an appointment with them. You can expect to be seen within a few hours after seeking an appointment with a regular GP rather than a few days. Patients should expect to be seen on time by most frequent GPs, and the time spent in the waiting area will be substantially less than when visiting a different doctor.

You and your family’s health and well-being are best served by seeing a general practitioner regularly. Choosing a GP may be a complex process that requires a lot of trial and error. Finding a doctor with whom you are comfortable and who can work on your health for the long term is critical.

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