Kapil Talks

30/09/2024

Someone asked me what kind of things I look into when I buy real estate assets. To start with, I have never purchased real estate assets for a quick flip. I don't believe in that, as it would be considered gambling in my book and not investing. That said, there have been times when my situation changed and there was a better deal around, and I did end up selling to buy the next property, but when I was buying at that time, it was never with the intention to buy and sell quickly.

One thing I always do when purchasing a real estate investment is that I rarely buy when everyone else is buying. I always try to buy real estate when I know or see that nobody else is interested in purchasing it. When people are fed up with real estate, that is usually the best time to buy. That does not mean you cannot get good deals at other times; if the numbers make sense, I will consider it. But you have to be looking and looking, as the deals usually don't come to you.

The best way to make money in real estate is to be patient and focus on the cash flow income it will create for you, rather than expecting capital gains growth or the value of the property going up. Lots of profits are lost in carrying costs, real estate commissions, and taxes. Furthermore, what will you do with the leftover profits? Likely reinvest in another property and pay land transfer taxes all over again? It's not worth it. When buying real estate, the monthly cost to carry the property needs to be below the rental income it will generate. If the rental income is more than the cost, you can take on the headaches of managing the property. As a result, your tenant will pay your costs, and you'll get paid for the headache. Over time, your rental income will increase with inflation, and your cash flow will continue to increase.

When you're expecting the real estate price to increase because the market will go up, you're gambling, and that's not investment. The second way to make money in real estate is to buy when the market is down, when nobody is interested, and the cash flow is at its highest point. Or, you can buy real estate and fix it up, which will increase the property's value, regardless of whether the market goes up or not.

You should always try to rent your property slightly below the market value so it's consistently rented out. If you try to maximize every single rental penny, you'll end up getting tenants who can't get properties to rent because their credit is not good or they have a bad history.

Whenever you're buying real estate, you must compare all options. Look at condos, townhouses, houses, semi-detached, and detached homes. Semi-detached and detached homes tend to have better rental income because you can rent the main floor to one tenant and the basement to another.

It's also very important to do a proper credit check on potential tenants, check their history with previous landlords, and connect with their employer to ensure they have stable employment. Avoid shortcuts, as you don't want to end up with a non-paying or troublesome tenant.

If you keep all these things in mind, you'll do very well in real estate investment over the long term. Real estate can be one of the better investments due to inflation-proof rental income increases and the potential for value appreciation, but it comes with the headache of managing tenants and the property itself. If you're not a handy person and you're not willing to do your proper due diligence on your tenants or you're not a good judge of people, then it's probably not your type of investment.

Please talk to your competent financial advisor before making any financial decision. And that, my friends, is Karma.

17/09/2024

27/03/2024

Have you ever wondered why some people who may not seem deserving have more success or opportunities than you? This can be really frustrating, considering you might be smarter, more educated, capable of doing almost anything, and even a better speaker than them. You can even impress people with your presence, while they struggle to speak properly or dress appropriately.

But here's the thing: that mindset is the problem. We need to change our focus from expecting things to earning them.

Let me give you an example. Let’s say you're highly educated and intelligent. However, you're lazy and spend your time watching TV or playing golf without generating anything valuable for yourself. On the other hand, there's someone who may not be as educated or intelligent, but they work hard, put effort into their work, and stay focused. They don't expect success to come without effort, and they maximize their potential by utilizing their brains to the fullest.

In this scenario, who should deserve more success? It's clear that the person who puts in more effort and uses more of their brain capacity deserves the reward, even if it's less than what you could achieve with a little effort.

So instead of complaining, ask yourself why you aren't getting what you deserve. You have no right to complain about deserving more than someone else or accepting less than you deserve. Remember, it's all about karma - your actions and thinking. You get what you put in, and what goes around comes around.

Next time you feel like you're not getting what you deserve, look inside yourself and analyze what you should be doing versus what you're not. Start working on changing lazy habits by replacing them with positive habits that will bring you the results you truly deserve. Education and intelligence are completely wasted if not used effectively.

Stop comparing, stop complaining, and stop expecting what you think you deserve. Instead, start focusing on grabbing every opportunity that comes your way, because that’s what you deserve. Anyone can do it, it is quite easy provided you put effort into finding ways to do it and then actually do it without procrastinating.

Stop wasting time showing the world how well connected you are, how smart you are, or how successful you are. Just focus on yourself, your work, and maintaining a balanced life, and you will achieve what you’re trying to portray.

Because, my friends, that is Karam
Kapil Talks

23/03/2024

Do you wonder why some contractors or employees are always busy and successful while others, who are competent and knowledgeable, struggle to find or keep jobs? The difference lies in their mindset and approach.

The person who can't find opportunities or hold onto a job usually has a short-term mentality. They try to do as little as possible, take advantage of their boss or client, and prioritize their personal interests over the job at hand. They're focused on maximizing profits with minimal effort so they can indulge in their hobbies or leisure activities. On the other hand, the busy and successful individual takes pride in their work, whether someone is watching or not. They do the job the right way, to the best of their ability, and think long-term.

Think of it this way: someone who gets paid hourly thinks about how much they can do in an hour. Someone who gets paid weekly aims to get away with doing the bare minimum for their weekly pay. Those who get paid annually consider how their performance will look during their next appraisal. However, visionaries who get ahead in life have a different perspective. They think in terms of five, ten, or even forty years ahead. Their actions and plans are based on long-term goals, and they avoid taking shortcuts because they know it will have negative consequences for their future opportunities.

These visionaries prioritize effort over sacrificing the future. They understand that every opportunity counts and want to maintain their credibility and reputation. Those who can't hold onto jobs or find success often have been caught taking shortcuts repeatedly but refuse to acknowledge the reason behind their failures. They prioritize short-term gains over long-term success. They fail to realize that their reputation and credibility suffer, leading to a lack of work or business opportunities.

So, the choice is yours. Do you want to become a visionary and get ahead in life, or do you want to continue thinking short-term for quick gains? Remember, everything you do has repercussions, even when no one is watching. Building a successful career or business requires a long-term mindset and a commitment to do the job right, regardless of who is watching.
One last point, this mindset is not just for business or employment it’s about every expect of our lives.
And that my friends is Karam.

20/03/2024

Problem? Most problems have solutions.

This is a long one but it could be a game changer for you..

When we are faced with a problem, the trick is to identify the problem accurately and then focus on finding a solutions. If the solution is directly related to your efforts or problems is due to lack of effort, then you have control over the problem. You can turn it around by putting the right effort into the areas it's required. Just make sure you identify the problem clearly with an open mind and without deceiving yourself with words.

Often, I have observed that when we face challenges, we start focusing on the challenge or the problem itself. This worsens the situation and leads to stress. When you're stressed, you can't think clearly, resulting in additional stress. It's a snowball effect that can lead to depression and anger, which can then affect your close relationships. It's with your loved ones that you often unleash your anger, creating more problems and blaming others.

Therefore, when challenges approach and you have clearly identified the problem, you should focus on solutions. Find ways to solve the problem (definitely not shortcuts). Break the solution down into a step-by-step process and take immediate action. Otherwise, you will continue to focus on the problem, leading to the aforementioned consequences.

The beautiful part of finding solutions is that it instantly removes stress because you have a plan in place. Make sure you don't procrastinate in working on the solutions; otherwise, you'll find yourself back in the same hole you were in.

Let me give you an example:

Let's say you're short on money. You can either just worry about money or figure out how much you're short and how to raise the money. Example If you know you're unable to pay your rent, car payment, or any other expenses, you need to determine whether it's a short-term or long-term problem. If it's a one-time short-term problem, you need to find ways to raise the funds. If it's an ongoing long-term problem, you can either reduce your expenses or find ways to earn additional money. Consider cutting non-essential expenses and calculate how much that would save you. If that's not possible, explore avenues to earn more income.

Assuming it's a permanent issue, you'll need to focus on earning more. Consider getting a part-time job or finding ways to increase your income in your current occupation. Identify areas where you can be more efficient to accomplish more and eliminate time wastage, if applicable.

This is how we should focus on solutions rather than problems. I hope this helps you shift from a negative state of mind to a positive one, allowing you to do what you are capable of doing instead of becoming a victim.
And that my friends is Karam!

By the Karam is the right pronunciation Karma is incorrect.😘
Kapil Talks

03/03/2024

"We want our family and children to do well, and we teach them good values. However, along with these good values, we have a habit of imparting our negative feelings about our experiences, people, communities, religion, even political alliances. This habit instills fear in them, breaks their confidence, and sparks hatred within them, hindering their path to happiness and success. This can lead them to make wrong choices and decisions in their lives, which not only affect them but also impact future generations. If you seriously want to make a positive impact, it is crucial to acknowledge and address the ways in which you have influenced your family and children, considering the negative effects of your actions. Take the time to consider and find ways to undo the harm caused, prioritizing undoing the harm and making amends."
and that my friends is Karma
Kapil Talks

03/03/2024

Can you determine if someone can be trusted? Here are some points to consider:

1. Pay attention to whether they fulfill their promises, regardless of their size.
2. You should feel secure and not judged when you are with them.
3. They tend to be honest and upfront, rather than telling you what you want to hear.
4. Observe how they behave when they need something from you compared to when they don’t.
5. Notice how they treat people who are below them in hierarchy versus those who are above.
6. Be wary if they make negative remarks about others in their conversations with you regularly.
7. Pay attention to the main topics of their discussions. Do they frequently focus on other people or ideas?
8. Do they make excuses to avoid being there for you when you need their support, but expect your support whenever they need it?

Also, take note if they care about others’ opinions, including yours. This indicates whether their values are reflected in their actions rather than just their words.

And that my fiends is Karma.
Kapil Talks

28/02/2024

Important’s of respectin relationship.

In a relationship, it is important not to let incompetence dictate the direction of your interactions. Similarly, sacrificing or compromising solely for the sake of maintaining peace should not be done when you know that your partner is being unfair or ungrateful. If you allow this to happen, it can compromise your entire life and eventually lead to the end of your relationship. It is crucial to address any wrongdoing promptly to prevent irreversible damage.

Strength is necessary in relationships as displaying weakness might cause your partner to perceive you as incapable. It is not typically respected, and no partner desires to be with a weak partner. However, this doesn't mean you should force yourself to appear strong. Instead, find a way to convince your spouse that your way is the right way by showcasing the benefits of your recommendations. Remember that people act based on their own reasons, so be mindful of this when explaining why your approach is better. If your efforts still don't yield results, do what you must, but never give up on your relationship nor your goals to maintain your respect in your relationship.
And that my friends is Karma
Kapil Talks

25/02/2024

Someone asked me today, "What’s the best method of praying to God?

My response:
A prayer is when you wish well for others, have beautiful thoughts for others, do good deeds for others, and care for others. It is also when you feel someone else's pain and suffering and want to help them.

Just bowing to God every day is not praying?
Praying involves more than just physical actions. It requires good thoughts, deeds, and caring for others.

Following the rituals of your religion is not praying?
Praying involves more than just performing rituals. It involves genuine care and actions with devotion for others.

Just taking the name of your gods is not praying.
Praying is about more than just invoking the names of your gods. It requires genuine care and actions for others.

So, remember, don’t try to fool God. You will lose every time. It's all about genuinely caring for and helping others.
And that, my friends, is Karma.
Kapil Talks