How to Get Started In Real Estate With Little Or No Money by Richard ReichmannMost of us are smart enough to realize that no real estate system is foolproof, and if anything seems too be good to be true, it probably is. However, that doesn’t mean that you need excellent credit and a surplus of cash to get started in real estate. Here are some strategies for financially constrained aspiring investors to begin generating real estate cash flow. You don’t have to own a property to profit from it. There are two types of quick-sale real estate investors: Retailers and dealers. Retailers buy properties outright and sell them for a quick profit. Their risk is highest, but so is their potential reward. Retailers typically need substantial cash for a down payment and at least decent credit. Dealers, by contrast, buy and sell contracts, not properties. They find bargain properties and sign purchase contracts with their sellers. Dealers then sell these purchase contracts to retailers, making a solid profit in the process. This is known as assignment of contract.Usually, the only cash required is the earnest money to secure the deal. A good dealer can then flip the contract for a quick $1,000 to $3,000 without ever taking possession of the deed. Use a double closing for greater profit potential. A double closing allows a dealer to earn a higher profit margin than an assignment of contract. With an assignment of contract, there is always potential that the deal will ultimately fall through. The dealer is protected because she has already received her proceeds from the sale of the contract. But the retailer who buys the contract is wary of the deal falling through and will factor it into the price he is willing to pay. With a double closing, the dealer assumes more risk because if the deal falls through, she receives nothing. However, with this greater risk comes a greater reward. A double closing begins with the dealer signing a purchase contract with the property owner. Then the dealer signs a contract with the retailer, in which the retailer agrees to buy the property from the dealer at a higher price and deposits that amount in escrow. The property owner signs the deed to the dealer, who then signs it to the retailer. The retailer then signs the loan documents, and the process is complete the property owner is paid his asking price, and the dealer is paid the difference. Note that the dealer came to the table with no money, and her credit was never an issue. Be a scout no cash or credit required. Scouts are a third type of real estate flipper. Instead of flipping actual properties or contracts, scouts flip information. Scouts face even less risk than dealers and have almost no cash or credit concerns. They simply gather information about distressed properties and sell it to interested dealers and retailers. In effect, scouts do the dirty work for real estate investors, and investors are willing to pay them handsomely for doing it. Typically a scout will gather the following data on a potential deal. The owner’s name and contact information, the asking price, information about the mortgage and whether payments are current, outstanding liens on the property, A photograph of the house, Pertinent information about the owner’s motivation to sell. Is he in the middle of a divorce, foreclosure, job transfer, etc.Investors typically pay scouts $500 or $1,000 for good information. But what happens if an investor doesn’t pay? Simple. Don’t take any more deals to them. Successful investors realize the value of good information, and they are more than willing to pay for it. Take over the seller’s mortgage payments. Prior to 1989, almost all home loans were freely assumable. This meant that anyone could take over the payment of the loans without objection from the lender.However, due to rising interest rates that began in the late eighties, virtually all home loans issued since then contain a “due on sale” clause. This means that when ownership of a property is transferred, the lender can demand payment in full of the outstanding loan. However, due on sale is merely a clause not a law. It is the lender’s prerogative whether or not to exercise this clause. If you buy a property and take over the loan payments, there is a distinct possibility that the lender won’t even notice. There’s an even greater chance that the lender will choose not to exercise the due on sale clause, as long as you make timely payments. After all, the cost of enforcing the clause is significant, and as long as the lender is being paid, it is unlikely to care who signs the monthly checks. You can potentially buy properties without a credit check. Real estate success always requires an investment. There are ways to profit from real estate without significant financial investment. That is not to say that success comes free and easy. At the very least, you will need to make a substantial investment in yourself. In order to succeed, you must be willing to work hard. Even with a million dollar real estate portfolio, your brain will always be your #1 asset. Be sure to invest in your education on a daily basis and learn as much as possible about your local market, real estate law, and investment strategies.Richard Reichmann is internationally known as a millionaire maker. He’s a leading consultant in real estate and internet marketing strategies that are profit proven.Subscribe to our FREE newsletter Value $147.00http://www.InstantRealEstateWealth.comArticle Source: eArticlesOnline.com
Belated New Jersey budget passes, ending most of the shutdown
Posted on April 5, 2018April 5, 2018Categories Uncategorized
Sunday, July 9, 2006
New Jersey —At around 7p.m. EDT July 8, Governor of New Jersey Jon Corzine signed a 30-billion USD budget for the fiscal year that began July 1.
Due to strife between the Governor and the majority-holding New Jersey Democratic Party in the New Jersey General Assembly, the budget was not passed before the previous one lapsed. Because of clauses in the New Jersey State Constitution, the government cannot spend money without a full budget being approved beforehand.
As a result of this, Corzine shut down large swaths of state government, kept essential officers working without pay, and declared a statewide state of emergency.
The disagreement between the statehouse and Drumthwacket was over how to deal with the 4.5 billion USD budget deficit: Corzine advocated raising the sales tax from 6% to 7%, the Assemblyers refused for a time. Under the final budget, the increase is implemented. Corzine states that all of the increased revenue will go towards covering the hole, while Assemblers want some of it to offset a planned decrease in the property tax
Following the promulgation of the budget, Corzine then signed another executive order allowing the government to begin resuming normal operations. One of the first results of the budget’s passing was the resumption of gambling in Atlantic City, which requires state monitors. The remainder of closed agencies and departments will come online again in the next two days; all government should be back to normal by July 10.
Car Buying Tips: Five Things You Need To Know To Avoid Hidden Fees And Additional Costs}
Posted on April 5, 2018April 5, 2018Categories Cars
Submitted by: Scott Conklin
Before purchasing your next car, you’re going to want to check for hidden costs, add-on fees, and other charges. You could end up spending hundreds, even thousands, of dollars over the lifetime of your loan.
Once you’ve found the car you want, it’s time to sit down with your sales rep to negotiate the terms of your contract. After a little back and forth on price, figuring out your interest rate, and calculating your monthly payment, you’re ready to sign on the dotted line, right?
Not so fast.
When you read the fine print you may find that additional fees and charges have found their way into your contract including add-ons you didn’t necessarily ask for.
Most car buyers are so focused on getting the best interest rate and negotiating the most affordable monthly payment that they’re unconcerned with the fine print of the contract. By the time they get to the step where they review and sign the paperwork, if the sales rep is throwing industry terms at them that they don’t fully understand, they’re becoming exhausted from the entire process and just want to get it over with.
Here are a few insider tips to make sure you don’t regret signing those papers.
1.) Read the Fine Print
While this seems pretty obvious and self-explanatory, it’s amazing how trusting the consumer can be. Honestly, the last time you bought a car, did you read and fully understand the contract before you signed it? Probably not. Most people don’t.
Some unscrupulous car dealerships are betting on that. Because most people don’t read the fine print, some sales reps can slide in additional, undisclosed charges or extras with huge mark-ups to their profit.
Also, make sure there are no blank spaces on your finance contract that can be filled in later wherever there are blank spaces, write in “$0” or “N/A.”
2.) Typical Extras
Most of us are familiar with learning about the standard features of an automobile and then figuring out which additional features we are willing to pay extra for, but here are some extras to look out for when reviewing your contract:
Rust proofing
Extended warranty
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Fabric protector
Car alarm (including Lojack, a device police use to find your car if you report it stolen)
Paint sealant
Credit life insurance
GAP
Window etching
The value of such extras depends on individual customer needs and situations. If the sales rep attempts to tell you that some or all of these extras are standard for every vehicle on the lot, ask to order your car from the factory, or suggest the dealership trade with another dealer that hasn’t pre-packaged their vehicles.
Extra products can add thousands to the negotiated price of the vehicle. Most products fill a customer need that when priced and disclosed correctly and can add real value to the whole transaction.
The problems with extras occur in two areas. First, when the sales rep doesn’t spend the time necessary to determine which products fit the specific needs of the customer. Rather than suggest specific extras individually priced, the sales rep lumps all the products together and pushes you to buy them as a package.
Second, unscrupulous sales reps can add thousands of dollars to the amount financed for these products, but not disclose the price increase until the last possible moment, when the financing contracts are being signed.
3.) Documentation and Administration Fees
Federal, state, and local governments are pushing more and more of their regulatory cost onto the local dealerships. In an effort to offset some of these fees and services dealers are required to perform, most add, a documentation or administration fee to the total cost of the transaction. Depending on state and local regulations, fee adding $100 to $150 seem reasonable and cover most of these additional items. These services include:
Duplicate Title Fees
Notice of Security Interest (to perfect lien)
30-day Permits
Federal terrorist matching data bases
Federal information privacy requirements
State vehicle id verification
Highway Patrol Inspections for out-of-state titles
Registering leases at customer’s county of residence
Carfax
FedEx charges/Shipping charges
Additional title addendums
Truth in lending record retention
Some dealers have taken up the practice of marking up documentation and administrative fees and are now charging as high as $300 to $500 per sale. A few are even higher. The charge for most of these fees seems to be more based on getting a customer to pay extra after the customer has finished negotiating, not the average amount it cost to get most deals through various state and federal regulations, as implied.
4.) Ask for a Menu System Disclosure
The best disclosure method I’ve seen in years involved using a menu system. On a separate sheet of paper the rep produces a document that includes:
1.)The negotiated price of the vehicle or trade difference
2.)The additional price of suggested extras (these can be shown as various option packages that may save money when bought in combination and as individually priced options)
3.)New totals initialed by both parties
This procedure makes sure that any suggested extras are properly explained and disclosed. It also allows the customer time to consider each item separate from the longer and potentially confusing finance documents. The final numbers from the menu should get carried over directly to the finance document.
5.) Other Costs
When buying a car, remember that there are other “hidden” costs (or, costs that aren’t usually considered), that go beyond the dealership.
During the lifetime of your vehicle, you’re going to have to pay for registration and tags, taxes, insurance, oil changes and fuel every year, and periodically pay for maintenance and repairs. Older models (cars more than 3-5 years old) may cost less up front, but you will likely need to factor more maintenance and repair costs into your budget than if you bought a newer model. While new models need fewer repairs and maintenance work, you will have to pay more up front.
Your wallet does not have to go through the ringer the next time you decide to visit a new or used car dealer. You can protect yourself from blindly signing into an unfavorable car deal by doing your homework, going to a car dealership with a good reputation, being prepared, asking questions, and double checking behind your sales rep.
About the Author: Scott Conklin is president of Conklin Cars, a Salina new/used car dealer (
conklincarssalina.com/
), Hutchinson new/used car dealer (
conklincarshutchinson.com/
), and Newton new/used car dealer (
conklinnewton.com/
) in Kansas.
Source:
isnare.com
Permanent Link:
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Bomb in Dagestan explodes Russian military truck
Posted on April 5, 2018April 5, 2018Categories Uncategorized
Friday, September 2, 2005
An explosion today in Makhachkala, Russia in the Russian region of Dagestan killed one and wounded five others, police say. The bomb detonated in a pile of garbage, where servicemen and a truck had been sent to search for explosives on a street near a military base. When the engineers got out of the truck to search, the bomb went off.
The Dagestani Ministry, reported by the Russian news agency ITAR-Tass, originally stated that the blast killed two servicemen and wounded three others. They later revised this to six servicemen wounded (as well as one civilian), but no fatalities. A police officer told ITAR-Tass news that a brigade had been on patrol when the explosion occurred.
According to RIA-Novosti and Interfax news, medics reported one death and six injuries. RIA-Novosti also reports that the bomb exploded near a trolley bus.
Police and ambulances were immediately brought to the area of the explosion, which was quickly sealed off by police.
The alleged planters of the bomb were followed by police, but escaped after firing at the officers.
This explosion is not surprising, as racial tensions in the Muslim majority region of Dagestan often lead to attacks on officials and police.
200 candles: Chileans celebrate country’s Bicentennial
Posted on April 5, 2018April 5, 2018Categories Uncategorized
Saturday, September 18, 2010
Chile is celebrating its Bicentennial, with several events that have been organized by the government for almost a decade. It commemorates two hundred years since the First Government Junta of 1810 was formed, starting the Independence process, that ended in 1818 after Bernardo O’Higgins proclaimed it.
The Bicentennial takes place on a holiday from September 17th until 21st. Sebastián Piñera inaugurated the official fondas (places where typical food and drinks of Chile are sold; similar to a tavern) earlier on Friday. Piñera also danced a “pie” of Cueca, Chile’s national dance, with Government Spokeswoman Ena Von Baer.
More than 60 thousand people gathered on Plaza de la Ciudadanía (Citizen’s Square) in Santiago to celebrate the Bicentennial. There was a projection of historical images that also contained a message from the trapped miners in Copiapó. A giant flag of Chile (18 meters of height, 27 of width; weighing 200 kilograms) was raised on the square on Friday morning.
Celebrations of the Bicentennial in Pichilemu started earlier this month. On September 2, two thousand people lined up in a formation to create the message “Viva Chile Bicentenario Cardenal Caro” on Pichilemu beach “Las Terrazas”. The message was used to create a postal stamp to be released worldwide. The event was promoted by the Government of Cardenal Caro Province.
Private schools in the city, such as Colegio Preciosa Sangre, prepared events specially for their students. On Thursday, “Fonda Don Vicente Nario” was opened on Preciosa Sangre. Several games were performed there on that morning, including “el emboque”, “ponerle la cola al burro” (to put the tail to the donkey), and others.
Another event on Preciosa Sangre took place on Thursday night, when students recreated scenes of the History of Chile, including: a tertulia featuring Manuel Montt (starred by Luis Rojas); a chingana (a popular tavern); and selected colonial professions, such as the “motero” (person who sold motemei and chestnuts).
The official fonda of Pichilemu, La Bombonera, was inaugurated on Thursday night by Mayor Roberto Córdova, who danced cueca with people who attended the event. According to Córdova, at least 30,000 people have arrived at Pichilemu as of Friday, and it is estimated that another 30,000 will arrive during the next three days.
A great event took place on Pichilemu beach on Friday afternoon. Chilean typical games highlighted the event. People danced reggaeton, Américo’s cumbias and cuecas, while others were swimming. The National Shoe Fair (Feria Nacional del Calzado) was established on Agustín Ross Hotel on Thursday, and will stay in the town until September 23rd. Alicia Grez, who works on a kiosk in the Pichileminian Craft Fair located in front of One Discotheque, said that “sales have been excellent,” and that “[they] won’t miss the possibility to experience such an event like this.”
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File:Parque bicentenario.JPG
Postcard released by the Chilean Government in 1910. At the top, from left to right: José Miguel Carrera, José de San Martín, Bernardo O’Higgins, Lord Thomas Cochrane, and Manuel Rodríguez. At the bottom, from left to right: Manuel Vicuña, Manuel Blanco Encalada, José Manuel Balmaceda and Pedro Montt.
Official poster of the Centennial of Chile.
Official plans for the Centennial of Chile, in 1910. Pedro Montt is pictured at the top, and Bernardo O’Higgins at the bottom. Image: Memoria Chilena.
Dozens killed after car bomb explodes in market in Peshawar, Pakistan
Posted on April 5, 2018April 5, 2018Categories Uncategorized
Wednesday, October 28, 2009
Pakistani officials have said that at least 100 people were killed and over 200 injured after a car bomb exploded in a marketplace in the city of Peshawar on Wednesday. The attack was the deadliest in the country in this year.
Initially, large fires were reported to be burning around the marketplace, which was crowded with people. The flames spread easily because there were many stores in the area selling flammable fabrics. Police said the blast was heard throughout most of the city, and the explosion reportedly left a hole in the ground up to ten feet wide.
The Associated Press reported that many of the victims are women.
“There was a huge blast. There was smoke and dust everywhere. I saw people dying and screaming on the road,” said an eyewitness, Mohammad Siddique, to the Agence France-Presse news agency.
Several buildings collapsed as a result of the detonation, and rescue workers searched through the rubble looking for survivors beneath the debris.
Muzamil Hussain, a member of local medical staff, described his experiences to the Associated Press: “There were a lot of wounded people. We tried to help them but there were no ambulances so we took the victims on rickshaws and other vehicles. There were no police. The police and government didn’t help us, the police even opened fire on us.”
“Bodies are scattered and badly burned because of the fire caused by the explosion. The explosion took place in a very crowded market,” Mohammed Naeem, a spokesman for a local ambulance service, said.
Some people expressed anger that the bombings managed to be carried out in broad daylight in a crowded area. “What kind of security alert is this? It was an explosives-packed car. Look at the mosque, it ceases to exist anymore. For God’s sake, do something,” said a local middle-aged shopkeeper, as quoted by the CNN news agency.
A state of emergency at the Lady Reading Hospital in Peshawar, where many of the wounded people were hospitalised, was called soon after the explosion. Hospital officials appealed to the public and to other medical centres for blood donations.
The bomb attack happened just hours after Hillary Clinton, the United States Secretary of State, flew to the nation to discuss peace with Pakistan’s military commanders and political figures. Clinton will be in Islamabad for three days.
Clinton condemned the attack. “These attacks on innocent people are cowardly. They are not courageous. If the people behind these attacks were so sure of their beliefs, let them join the political process,” she said.
The bombing also comes just days after Pakistani military forces captured the town of Kotkai, the hometown of Taliban Chief Hakimullah Mehsud, and one of his top officers, Qari Hussain.
Many Top Notch Driveway Contractors In Toledo, Oh Are Here For Your Convenience
Posted on April 4, 2018April 4, 2018Categories Parking
- Car Parking Adelaide
byAlma Abell
Hiring a contractor to give you a new driveway or repair the old one is an important task because if you do not choose the right company, your driveway will either look unattractive, require a lot of maintenance, or simply won’t last as long as it should. This is why the task of choosing driveway contractors should be taken seriously because, after all, no one wants a sub-standard driveway regardless of how much it cost. An attractive and sturdy driveway is important and therefore so is the company that will be providing it to you.
[youtube]http://www.youtube.com/watch?v=9CozyKx7G7o[/youtube]
Finding Top-Notch Contractors for Your Driveway
Finding the best driveway contractors in Toledo, OH is easiest if you start your research on the Internet, but even if you rely on word-of-mouth referrals from friends and relatives, it is important to find out how much experience they have. A contractor that offers only expert services will have many years of experience, competent and professional technicians, and free no-obligation quotes for any of their services. Most driveway contractors also offer a variety of other services including patchwork for your driveway, various stonework products, and commercial parking lots of all sizes. Also, since most Toledo driveway contractors service both residential and commercial customers, you can rest assured that your driveway needs will be accommodated regardless of the size and type of facility you own.
Hiring the Best Contractor Is Simple
Once you have checked out the website of the driveway contractors you are considering, it is probably time to contact the company to get your quote. This also allows you to ask questions of the technician, which is an important part of the vetting process. Whether you own a small home or a large retail outlet, driveways and parking lots are important and so are the companies that will manufacture these products just for you.
Vancouver will run out of office space in 5 years
Posted on April 4, 2018April 4, 2018Categories Uncategorized
Tuesday, February 13, 2007
In Vancouver, a 20-year urban success story may yet have a sad ending. The city’s downtown population has doubled to 80,000 in the last 20 years thanks to Vancouver’s “Living First” policy – a planning strategy that favors residential development over commercial. And planners are expecting the population to reach more than 120,000 by 2030. But while downtown booms with people, business is busting. The International Herald Tribune reports that the city’s recently-released jobs and land-use study is estimating that downtown Vancouver may run out of commercial and office space within 5 years.
The ‘Vancouver problem’ is one that many cities in the United States could only hope to have. On the contrary, much effort has been put into bringing residential life back into the city centres. In Los Angeles, San Diego, Miami, and Washington, D.C. there has been a condominium boom in recent years, but these cities are far from the situation Vancouver faces now.
To counter the trend in Vancouver, planners are proposing changes to the city’s zoning regulations, including the passage of more lenient building height restrictions. But because residential developments are so much more profitable than commercial and office space, some public officials are proposing offering better incentives to the developers willing to build commercial. Another option is to expand the moratorium that was placed on new housing development in the central business district two years ago.
Translink is currently involved in a major expansion of the 49.5 km (30.8 mi) Skytrain system centred on downtown Vancouver. Construction of the Canada and Evergreen lines is underway. The former will be complete in 2009, and the latter in 2011.
Category:August 2, 2010
Posted on April 4, 2018April 4, 2018Categories Uncategorized
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2008 Taipei International Book Exhibition: Varied features at Kid Book Hall
Posted on April 4, 2018April 4, 2018Categories Uncategorized
Friday, February 15, 2008
Following the first day’s events at the 2008 Taipei International Book Exhibition (TIBE), organisers used today as an opportunity for a number of autograph sessions, the announcement of awards and a focus on the Taipei World Trade Center‘s Hall 3 where children’s activities and seminars were being held.
The Kids’ Book Hall, which was created with cooperation from the Regional Association of Educational Materials, saw a new addition this year in the form of the “Taiwan Stationery” pavilion. The display included a variety of paper products not only for children, but for small-business and general usage.
In order to promote some conceptions on environment and recycling, Yuen Foong Yu Paper Mfg. Co. Ltd. sponsored the exhibition with recycled poster container and corrugated-fiberboard, which was used to design several nature scenes, and the material will be reusable in the future.
Participants also held several seminars at TWTC Hall 1 for reading population promotion, for example, a Taiwanese version of a famous magazine named “Kagakuru”. Aimed at science education, imported by Taiwan Mac Education, and promoted by several academic professionals in Taiwan, the magazine will be released on March 3, 2008.