Finance Roll

Pay Cash for Your Car

Before buying your car, you should check online. See if the manufacturer of the brand you wish to purchase from is offering any special financing rates. In some cases, you may find that they are offering rates as low as zero percent. If this is not the case, anyone with enough money should pay for their car in cash. This eliminates expensive finance charges and fees as well as monthly payments. During shaky economic times, buying a car with cash helps hedge drivers against financial reversals. Drivers that own their cars outright don't have to fear repossession should they lose their ability to make payments.

Secure Financing in Advance

Prospective auto buyers should arrange financing before they shop. This way, customers can focus their shopping only on cars they know they can afford. Many times, banks, credit unions and other financial institutions may offer their customers better auto loan rates than the dealer-affiliated finance companies. Customers who have already secured financing can even challenge the dealer to offer better terms.

Make a Big Down Payment

Cars differ from houses in that depreciation quickly erodes the value of a car. This puts many buyers in the difficult position of owing more than the value of their car. Car owners who are "upside down" cannot sell their car for enough money to pay off their loan. A large down payment combats the effect of interest rates and depreciation so car buyers who so desire can get out of their loan. Some advisors suggest that car buyers should put at least 20 percent down on their car. Besides controlling the effects of depreciation, large down payments can also result in smaller monthly payments and short term loans.

Buy a Used Car

Used cars already have depreciated, so buyers don't face the same risk of going upside down with a car loan. Buyers will find that they save a lot of money even by choosing a car that is only one or two years old. Used car buyers can also save money on car taxes and insurance.

Use Cash for Upgrades and Fees

Dealers like rolling extended warranties and other goodies into the loan and will sometimes build these into the first payment quote. Buying these adds little to no value to the vehicle. They inflate the loan and can easily turn a loan upside down. Decide if you really need these extras. If you do, new car buyers can help control their financing expenses by paying for upgrades and optional features with cash. Similarly, buyers who pay for taxes, documentation fees and other costs up front will help buyers keep a healthy financial situation.

Get a Short Loan

As cars became more expensive, automakers created loans with longer terms to give buyers a chance to buy. Longer terms mean drivers pay more in interest and can easily become upside down. When buying a car, shoppers should only look at cars they can buy with short-term loans. In most cases, buyers should only accept loans that last 36 months or less.

In today's market, many car manufactures subsidize or guarantee the value of the car on a lease when it goes back to the dealer. This means a lower payment for you and, for some, a good deal. If you don't drive many miles and trade in your car every few years, a lease may make sense for you. Here the trick is to do all the same things you do when you buy the car: negotiate both the price and the interest rate, not just the payment.

The financial decisions car buyers make should minimize the size and duration of a loan while always keeping the outstanding balance lower than the value of the car. Now do your homework and then go shopping.

If you are buying a car after bankruptcy, here are a few suggestions that could help:

First, you want to make sure you've done everything you can
to increase your credit score. Once you've done that you're ready to start shopping for your car!

Here's a question for you: Is it better to get outside financing or get financing through the dealership when you are buying a car after bankruptcy. The answer is... drum roll please... it depends!

It's worthwhile to apply for outside financing when buying a car
after bankruptcy. But make sure you do it through the right lender. If you don't, you could end up paying $100s or $1,000s more in extra interest. If you even get approved at all.

Now let's assume you've done your homework. You found the
car you like, you know how much that make and model sells for, and you know how much your trade in is worth. It's time to visit the dealership...

Let's say you find the specific car you want to buy. Now you're going to need to negotiate the price.

If you lined up outside financing, then you're in a good
position from a negotiating standpoint. But what if you could
not get outside financing for a car after bankruptcy? What if
you need to depend on the dealership to get you financed when
buying the car after bankruptcy?

Many people think that since they had a bankruptcy they are
at the mercy of the car dealership in this situation. THIS
SIMPLY IS NOT TRUE!

Let me share a little secret with you: If the dealership has
run your credit report and they start negotiating with you,
then they're pretty sure they can finance you. After all, do you really think they would waste their time negotiating a price with someone they did not think they could finance? Of course not!

Here's where things get interesting. How many times a year does the dealership negotiate with buyers? Probably hundreds of times a year at a decent sized dealership. Now what about you - how many times do you negotiate for a car? If you are like most people, it's probably once every so many years.

Most people will thoroughly research the price of the car
they want to buy. If it's new they'll take time to find out the dealership's cost and, if they have one, the value of their trade in.

...and they'll go back and forth with the dealership for two or
three hours until everyone agrees on the numbers and a sale takes place.

Chances are the buyer still may have left a pile of money on the table - and didn't even know it. The reason the buyer probably left money on the table is that they more than likely made two critical mistakes without even being aware of it. One mistake was that they didn't negotiate all five parts of the sale separately. The price of the car is just one part.

On that note, another step you will want to take is to improve your car buying skills. How? Visit websites that provide car buying tips. Another way is to pick up a good book on how to buy a car - you can find quite a few of them out there. Unfortunately, I have not run across any that provide specific information on buying a car after bankruptcy. However, After Bankruptcy Credit Solutions does cover this topic in detail - so the information is out there.

Other than a home, buying a car is one of the bigger purchases
you're going to make. You need to AVOID any mistakes that can
cost you up to $100s or $1,000s of dollars in extra interest. In other words, you simply can't afford not to get things right when you're buying a car after bankruptcy.

This article covered some steps you can take which could help when buying a car after bankruptcy. Put them to use and they could save you from making some expensive mistakes!

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Copyright © 2006 Innovative Solutions Publishing, Inc. All rights reserved.

DISCLAIMER:

This information is designed to provide only a general overview
of the subject matter herein.

This information is provided with the understanding that neither
the publisher nor author is engaged in rendering legal,
accounting or other professional advice. If legal or other
expert assistance is required, the services of a professional
should be sought.

Neither the publisher nor author shall be liable for any loss or
damages, including but not limited to special, consequential,
incidental or other damages, caused by the information contained
herein.

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An avid cyclist and bike racing fan, I sit transfixed during the many hours of Tour de France coverage every July when the race rolls around. This year, during some of the less-than-scintillating early miles of the sprint stages, my mind wandered a bit, and it occurred to me that there are some interesting parallels between winning the Tour de France and winning at personal finance.

Having watched Lance Armstrong pull off the win for 7 years in a row, I've compiled this list of the Top 10 Ways Managing Your Money Is Just Like Riding a Bike:

1. If you take safety precautions (e.g. helmet/emergency fund), you'll feel a whole lot more relaxed and confident on the journey.

2. The better prepared you are, the greater your chances of succeeding. It's important to learn from the past, but you must also scout out the road ahead and evolve with the constantly changing environment.

3. Crashes happen. The actions of other participants, bystanders, and the media can sometimes distract you from your goal. If you expect the unexpected and are able to respond with a level head, you'll be better off.

4. If you take too many unnecessary risks, you might end up out of the race, and sometimes it can take quite a while to recover.

5. But you'll probably have to take at least some calculated risks to come out ahead. For example, you might improve your performance by using cutting edge products, e.g. ultra-light wheels for big uphill climbs or, in the financial world, Health Savings Accounts (HSAs.) But you also make some tradeoffs, e.g. less stability going downhill or, with HSAs, penalties if you withdraw the money for something besides health care.

6. There will be rainy days, and there most certainly will be ups and downs. The one who weathers the tough days the best usually comes out ahead in the end.

7. You don't have to come out on top ("beat the market," so to speak) every day - or any particular day, for that matter - to win the overall race, the race that really matters.

8. You can go a lot farther if the team you surround yourself with has skills, experience, a well-defined goal, and the right motivation.

9. Even if you start at a huge disadvantage, you can emerge victorious if you have the right attitude, understand the rules of the game, and persist despite setbacks.

10. A little bit of luck never hurts!

So the next time you're in doubt as to which road to take on your personal financial journey, consider looking to the peloton for guidance and inspiration. Whether your goal is a yellow jersey on the Champs-Elysées in July or a secure retirement, there's a surprising amount to learn from watching a bunch of bike racers circumnavigate France. Congratulations, Lance!

In the foregoing illustrations, the presence of a passive investor was a key to being able to capture large portions of equity in a relatively short period of time. The investor provided all the cash but, in the end, the transaction generated yields far in excess of those available in any other competing investment opportunity of comparable ease and safety. The stock market has been moving up and down for months as investors wait to see how the inflation picture shapes up. None of these can produce investment yields like those in the foregoing examples.

For many years I've been more investor than entrepreneur, but I see myself as a sort of venture capitalist who takes a large profit in return for sharing some of the risk with an entrepreneur. The amount of profit depends upon the particular transaction. When I have financed those who buy houses to fix up and resell and others who have developed mobile home lots, I've been able to earn around 20% per year on my invested cash. I've also financed those who attend foreclosure sales to buy houses for resale with roughly similar yields. I do no work. My role is that merely of a lender who lends money on a shared appreciation mortgage (S.A.M.) loan.

A lender usually gives up the benefits of amortization, appreciation, tax-shelter, and leverage in exchange for high cash flow returns. By keeping money invested in relatively short-term propositions, he is able to roll funds over and over, and thereby generate high yields. Except for mobile homes, I've rarely seen a house that would produce net cash flow yields that compare with those that private financiers can command. This is particularly true when conventional financing dries up. Builders, fixers, land developers, dealers are heavily dependent upon the availability of financing to stay in business, and they're willing to pay high short-term interest rates to get it. When credit is tight, this is a fertile field of opportunity to those who followed my advice and sold some of their houses over the past few years and who are now looking for ways to invest their cash.

The big buggaboo of the lending business are those who become overextended and who file for bankruptcy protection. This can be a worrisome situation that robs the investor of a lot of time and money. There are several reasonable steps that a person can take to reduce credit default and bankruptcy risks.

1. Act like a banker. Lend only to those with high F.I.C.O. scores who have plenty of collateral that you would like to own. When you lend to them, don't let them borrow more than they can repay. You won't be able to get as high a yield, but if safety is a priority, this is a prudent way to get higher returns.

2. Don't make loans! Instead of lending money to those involved in risky ventures, buy something else that they own at a discounted price. Instead of receiving regular payments which could cripple their cash flow, let them buy their property back at some point in the future. If they go broke, you've avoided the need to foreclose; or the need to file a motion in a bankruptcy proceeding. On the other hand, if they're successful, the price at which they buy back their property can be increased in order to capture an agreed upon share of their profits.

3. Instead of buying another property as above, buy the property that a dealer wants to resell. Give him an Option to buy it from you at a price based upon risk factors and the time of repayment. This avoids potential usury problems, since you only deal with 3rd parties when buying, and they need not buy the property back from you. Obviously, you'll want to buy at a very attractive price which will enable you to sell out to someone else if the entrepreneur fails to buy the property from you. This is particularly wise when dealing with builders and developers.

4. Provide a secondary market for sellers' mortgage Notes. By buying them at a deep discount to value, you can build in a margin of safety and some liquidity, since you can re-sell them at a point in the future if need be. If State law allows it, give sellers an Option to buy back their notes to create a specified yield.

Refinancing your mortgage can save you a lot of money if done correctly. There are a number of costly mistakes homeowners make when refinancing that result in significantly overpaying for the new loan. Rolling your closing costs into your mortgage can be one such mistake. Here is mortgage refinance information and tips you need to consider before rolling closing costs in with the balance of your new mortgage loan.

Mortgage Refinance Information: Financing Your Closing Costs

If you are a homeowner without the necessary down payment to purchase your home, you can finance this amount with an 80/20 or piggyback loan. If you are using this type of financing to purchase your home, chances are you do not have cash on hand for the necessary closing costs. Many lenders offer the option of rolling these closing costs into your new mortgage balance. This is also true for homeonwers refinancing their mortgage loans.

Mortgage Refinance Information: Why You Might Not Want to Pay Closing Costs for the Next Thirty Years

When you roll your closing costs in with the loan principle, the mortgage lender will charge you a higher interest rate for the financing. This higher rate, along with the additional principle could raise your monthly payment amount by as much as $100. Over a period of just five years you will overpay $6,000 to the lender, just to save $3,000 at closing. Any advantage you gain from refinancing the mortgage evaporates the moment you agree to finance your closing costs.

Additional Mortgage Refinance Information

You can get more mortgage refinance information, including other costly mistakes to avoid by registering for a free mortgage guidebook.

The success of any dry cleaning and laundry business depends mainly on its equipment. The modern sophisticated equipments provide faster and efficient cleaning services. Any outdated equipment takes away from the quality of cleaning service provided by the laundry. Hence it is essential to acquire new sophisticated, even though they are expensive. Hence many laundry owners look for dry cleaning and laundry equipment financing.

The use of washers is inevitable in a commercial laundry. They save time and effort. They can handle large load capacity. They come with or without dryers. Hence they are expensive and many laundry owners find it wise to go for dry cleaning and laundry equipment financing to acquire them.

Dryers can be bought separately. There are various types of dryers like gas dryers, stackable dryers, electric dryers, portable dryers and so on. The laundry owner can select any type that suits his business needs. The cost of dryers is high and smart buyers look for financing dryers.

Pressing machine is essential for any laundry business. The machine helps to provide high pressure in the garments. It has safety controls. It is perfect for pressing uniforms, jeans, gowns and other dress materials. It offers fast and smooth operation. However, the safety features and sophisticated nature of pressing machine adds to its basic cost. Hence it is advisable to look for dry cleaning and laundry equipment financing to acquire this equipment. .

Steamers are yet important equipment in a commercial laundry. They are ideal for steaming wrinkles out of garments. They also comprise of removable steam brushes. They have easy roll casters for mobility. They can handle one gallon capacity of garments. Hence they are vitally important in a laundry to offer quality customer service. Since they are quite pricey, it is advisable to seek dry cleaning and laundry equipment financing to acquire this equipment.

Steam boilers help generate steam for cloth pressing in a laundry. There are two main types of steam boilers. They are electric steam boiler and gas\diesel steam boiler. The laundry owner can select any type that is ideal for his business. However both the types can be expensive and so many laundry owners look for dry cleaning and laundry equipment financing to acquire them.

Commercial laundry also requires powerful air compressors. Air compressors are quite pricey and so financing is essential to acquire them. They offer valuable services in a laundry or dry cleaning center.

There are some genuine financing companies that have experience in dealing with laundry and dry cleaning equipment financing. They provide financial assistance to the laundry owners at low interest rates. They do not call for any cumbersome procedures to get the loan amount. A simple online application form is enough to get fast approval of desired amount. However the financing company provides the amount directly to the vendor specified by the laundry owner. Direct payment to the applicant is normally avoided by such financing companies.

The laundry and dry cleaning equipment needs to be sophisticated and modern to satisfy the needs of the customer. Any old equipment can affect the quality of service. Hence seeking the help of financing companies to acquire the essential equipment is often desirable.

So you're considering refinancing your mortgage... probably a wise idea considering the low, low mortgage rates that exist in the market right now.  However, if you're like a lot of people, a big part of the motivation to refinance revolves around saving money.  Not only because everyone likes to save money, but because with the way things have been going lately, there seems to be a whole lot less of it going around.  This may be particularly true in your personal financial world.

If this is the case with you, and you find yourself strapped for cash and wanting to get on a lower rate to help your cash flow issues, you're going to have to think about what you want to do regarding closing costs on your new loan. 

In case you weren't aware, all those fees you paid for your current mortgage, you're going to have to pay again on this new refinance loan.  Are you prepared to pay those fees? 

One thing to keep in mind is that not ALL the money needed to close a loan are real expenses.  For example, money for your tax escrow account is money that you need to pay one way or the other no matter what (remember, it's one of the two things in life you can't get out of; taxes.  The other one is death). 

So while you will need to have money available to create a new escrow account, you will get a refund of essentially that exact same amount of money from your existing account, so it's basically a wash.  The point is though, you'll need to have that money available when you come to the closing table.

One option that many people like to consider is rolling all expenses - fees (which are non-recurring expenses) as well as recurring expenses such as taxes and insurance - into the total amount of the loan.

This way you don't need to come to the table with any money at all, plus you'll still get that nice escrow refund in the mail in a few weeks.

While this was a very popular option in the past, it's not so easy to do these days.  The main reason is that the value of many homes have dropped so much that there just isn't enough equity remaining to be able to have that cushion to just 'roll stuff in'. 

In fact, many homeowners I know are currently unable to take advantage of a Dallas refinance at all simply because they are so upside down on their mortgage.  In other words, they owe considerably more on their mortgage than what an appraiser will assess their home to be worth.  This is a real problem.

So before you get too excited about jumping on the refi band-wagon, take some time to consider the costs and whether you'll be able to come up with that money up front, or whether you have enough equity in your home currently to allow it to be rolled in to the total amount of the mortgage.

Lately, I've been exposed to financial education about how we can better manage our financial resources. First, I got the chance to learn from my Christian community, CFC-FFL Singapore on one our Covenant Recollection on Financial Stewardship with Carlos Cammayo as the speaker. I want to start sharing these very powerful passage from the bible (mine is New International Version) Luke 21: 1-4 The Widow's Offering (more popularly know as The Story of Widow's Mite) 1 As he looked up, Jesus saw the rich putting their gifts in the temple treasury. 2 He also saw a poor widow put in two very small copper coins. (Greek two lepta) 3 "I tell you the truth," he said,"this poor widow has put in more that all the others. 4 All these people give their gifts out of their wealth; but she out of her poverty put in all she had to live on."  The lesson is about the enduring value of faith. Her modest gift of two mites represented all that she had compared to the pretentious contributions of the wealthy. I must admit that for me this is a hard act to follow or perhaps my faith is that small compared to her.

There are 3 basic ways we can make use of our finances in the Lord:

1. Almsgiving - making voluntary contributions to aid the poor like giving money, food, clothes, goods or other needs.  Proverbs 19:17 - He who is kind to the poor lends to the Lord, and he will reward him for what he has done.

2. Resource sharing - an example given was a brother who voluntarily share his car for fetching a guest or a couple who make use of their home for teaching and gathering purposes.

3. Tithing - by definition, tithe is a tenth part of ones annual income contributed voluntarily or due as a tax, especially for the support of the clergy or church. In other words, tithing is giving 10% of our income for the Lord's work.

a) Scriptural basis: Malachi 3:7-10 7 Ever since the time of your forefathers you have turned away from my decrees and have not kept them. Return to me, and I will return to you," says the LORD Almighty. "But you ask, 'How are we to return?' 8 "Will a man rob God? Yet you rob me. "But you ask, 'How do we rob you?' "In tithes and offerings. 9 You are under a curse-the whole nation of you-because you are robbing me. 10 Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this," says the LORD Almighty, "and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it."

So we are robbing God if we do not tithe yet everything is own by God. We owe God whatever we presently have and what we will have in the future. Psalms 24:1 says1 The earth is the LORD's, and everything in it, the world, and all who live in it.

b.) Tithing is a measure of our spiritual growth - it is a measure of our conversion of being self-less. It conditions our heart and mind to be generous, to think in the mindset of abundance and not on the scarcity mentality. Be a happy giver or a go-giver.

c.) The proper perspective - tithing is God's way of giving us the privilege of being His co-workers. We give tithe to support God's work to develop/train leaders, the resource to create a new heaven for new disciples. Focus not so much on the 10% we give, but on the 90% we keep for ourselves.

Lastly, within those times I had an opportunity to connect with another set of friends to play Robert Kiyosaki's Cashflow 101 board game.The first objective is to be able to get out of the rat race by exceeding your total expenses with your passive income (cashflow you get from your investments in real estate, stocks/dividends, and other business). There was an instant where I landed on the charity spot whereby you have an option to give 10% of your total income in exchange for the use of 2 dices instead of one. You will have this option on each of your next 3 turns. I managed to roll a higher total of number and this prompted me to get 2 paychecks in just a single turn. So my point is that even with just a game, the rewards of giving in this case 10% charity provided me unexpectedly twice my salary. I was actually the first one to get out of the rat race because of the other strategies that I have done with my investments.

For our reflection, 1. do you understand that everything belongs to God and you are just a steward? 2. How do you see yourself in terms of the measures of spiritual growth?

Credit card debt is the worst kind of debt because it builds very quickly, but it goes down slowly. Beside carrying highest interest rate among all other debts, credit card debt rolls up quickly with many other forms of finance charges such as late fees, over limit charges and so on. It is the number-one kind of debt discharged in bankruptcy. You should do your best to prevent yourself being trapped into credit card debt and the best prevention is abstinence.

There are some points to consider if you really want to knock down your credit card debt:

1. Pay close attention to your interest rates

Doing some micro-manage on your credit card debt by transferring the credit card balance to the card with lower interest rate can save you some interest while helping you to get rid of it faster as you can pay more toward the principal. Always be on the lookout for a better rate, pay close attention to the terms and conditions to ensure the interest rate still remain lower than your current cards before you decide to transfer the balance to the card. Some balance-transfer packages offered by the bank have extreme low interest rate during the first few months and the interest rate will jump high once the promotion period is over.

2. Don't be afraid to talk to the credit card compan

Many people are afraid to talk to the people from the credit card companies especially with the debt collectors, because it can be harassing and unpleasant. But, by letting the credit card companies know that you have no money to pay them right now, some companies may give you some waivers by lowering your monthly payments for a time or work out a special payment arrangement with you. So, it can't hurt to ask. What a lot of consumers don't realize is that you can sometimes get a better interest rate simply by calling the credit card company and asking for it.

3. Keep making the same total payment

If you total credit card payments are $500 per month, keep paying this amount even you have paid off a few of your credit cards. Apply the extra money to the credit card with the highest interest rate, and just keep going on with the same total payments every month until all the debt is paid.

4. Get professional help if needed

If you find that you have difficulties to pay your debt, or the total monthly minimum payment of your credit cards is beyond your financial affordability and you are unable to handle it, then you may need to get professional help. There are many organizations such as credit counseling service that can provide help to those who are facing serious debt problem. Don't afraid or shy to get help, the earlier you face your debt problem and get the necessary help, the more options available for you to get rid of it.

Summary

Credit card debt is the worst kind of debt that you can't afford to delay it, address it as earlier as possible so that you have more options to get rid of it.

Together, my partner and I have wholesaled a combined 450 Deals over the last 7 years. And the majority of these deals were funded either one of two different ways and they are:

1.) CASH ONLY DEALS. Where the Investor/Buyer brought all CASH to the closing to purchase the property. My FAVORITE type of buyer (cash is king:))!

2.) HARD MONEY (Private funding). H*ard Money is "private money" meaning, there are no traditional institutional banking guidelines associated with the money. The money comes from private individuals who lend their own money directly to the wholesale buyer. The money is termed "HAR*D MONEY" because the point (4-10 points per deal) are high, and the interest rates are High (12- 20 %) and the term averages of ONLY 12 months! Now that's some HARD DANG money!

Hard money has some pretty "harsh" terms, but also has it's benefits! Here are a few of the GREAT benefits of using hard m*oney as a real estate investor:

* Your deal is usually a true "NO MONEY DOWN" deal! You can't beat that! Ha*rd money lenders can lend you your:

a.) purchase price

b.) repairs costs

c.) all of your closing costs

And roll it all into one mortgage. Also, Hard M*oney Lenders do not require you to put the typical 10% to 20% down on the property you are purchasing (conventional banks do!)

* Hard mon*ey lenders will usually lend on any property regardless of its current condition, whereas most conventional lenders (Banks) will not!

* These Lender do not report to the Credit agencies! So your debt to income ratio is NEVER effected regardless of how many hard money loans you currently have open! This means you can do multiple deals at once using different hard money.

* A lot of These lenders will even give you 3-6 months after closing on the property before you need to make your 1st mortgage payment to them. This gives you time to repair the property and rent it or sell it before your 1st payment ever comes due! This really lowers traditional "holding costs" tremendously!

So as you can see, this type of Money has been specifically designed to accommodate the special needs of the real estate investor. Even though the money has "hard" terms, it works so well for real estate investors. Typically, most investors who borrow hard money only stay in the loan for an average of just 6 months, before either refinancing-out, or reselling the property in question.

We as the Real Estate Wholesaler, NEVER own anything long term. The longest we EVER own is a few hours during a "double closing" more on "double closings" some other time). And if we are "assigning contracts" we NEVER own at all.

So, we never have to "Qualify for financing". When a deal is structured with a Hard Money Lender, and a "double closing is going to get the deal done, the same Hard Money loan being used for the deal, will close both sides of the transaction (between You and the Original Seller AND You and your Investor/Buyer). So, only your Investor/Buyer needs to qualify with the Hard Money Lender for the deal! This is because your Investor/Buyer is the "end user" of the money and is the one guaranteeing the loan, NOT YOU! Case Dismissed!

More Free FAQ Video about wholesaling houses here? http://www.wholesalersmarts.com

If you have been hearing about the financial benefits of solar and wondering if it could benefit you, this information should help.

A solar system installed on your property can reduce or eliminate your electric bill. Installing solar energy panels can benefit consumers regardless how small or large their bill may be. Instead of paying the electric company, you are paying for your own solar powered electric plant which can provide a return on your investment in 4-9 years.

They say that in life, timing is everything, and that is certainly true in regards to solar. If you live in California, the following are some of the current incentives now being offered:

Tax Credit - The Federal Government provides a 30% Solar Investment Tax Credit. Not just a tax deduction but a tax credit and there is no cap on the amount.

Rebates - The California Solar Initiative offers a rebate. Currently, the residential rebate reduces the net cost of a solar system approximately 20%. Rebates for commercial, new construction, non-profits, and other entities are even higher. These rebates are on a tier system, which means these rates drop as they are used on a first come, first serve basis. So if you are thinking about going solar, putting it off may cost you money in the form of a lower rebate.

Financing - The City and County of San Diego are rolling out programs which provide financing. The financing covers the cost of installing a solar PV array and can be repaid over 20 years.

If your electric bill is $200 or more each month, you may be able to save more each month than the monthly costs of installing the system and have it paid off in less than 10 years. The paperwork can be a little daunting, so it is recommended that you seek out a reputable home remodeler or solar installer who will assist you in filling out and filing the necessary paperwork.

Any existing business enterprise necessitates a dependable steady flow of finances with the intention to maintain its engines in motion. Meeting the payroll, shopping for fresh devices, launching fresh organisation stores, increasing the supply, creating absolutely new products and expert services, or just having the capability to pay back credit card debt are definitely some of the circumstances that will necessitate cash. Working capital could be described as a solid indication of a business' economic wellness; a good cashflow permits nearly every commercial enterprise to fulfill its fiscal commitments, no matter if they are short term or long-term. A detailed investigation which centers on receivables and payable, and also on fixed assets and at times even on existing products can really help examine the capital stream of a business, and in addition find out means by which to slash the charges while not spend as much at a business level.

Lacking the capability to compensate the short-run accounts is without doubt a recipe to disaster and will also trigger economic ruin; in addition to this, your firm's commercial credit score can be damaged permanently, and this will keep your corporation from getting solid business loans for several days.

A firm that won't have a strong cash flow, often due to the fact that it was struck by the economical crisis or due to the fact its cash is tied up in its account receivables, could use business financing or factoring to get out of danger. The capital that's obtained in this way is normally utilized to pay off short-run debts, to get more merchandise, to produce new products and expert services, etc.

Working capital loans provide a financing shot that will energize your organization's development, preserving and growing its profits, as well as making it possible for the business owners to make investments that may otherwise be outside their reach. These lending options are available in two flavours: secured loans and unsecured working capital loans. With secured working capital loans, the business owner will use an asset, be it a home, stock, business shares, stock certificates, etc as a guarantee, when with unsecured loans, the company owner will not be forced to use any kind of particular guarantees.

Numerous financing businesses offer working capital loans these days; nevertheless, if your cash is tied up in your accounts receivable you should certainly employ invoice factoring, which is a beneficial method to take advantage of money if your company has a lot of debts rolling in, but your consumers just pay you after 30 days or much more. Getting working capital by using invoice factoring will allow your firm to put an end to overdue payouts and undesirable business credit reports, at a service charge rate that's typically in the 1... 3% spectrum.

Oh boy! Now we are on a hot topic. Who runs the financial world besides who we would consider the 3%-ers? Everyone knows that 3% of the population earns 97% of the income available to make. Why? Because they are doers. Understand, however, that they don't run as much as we think they do. THE BIG THREE are: 1. the Government 2. the Banks 3. the Insurance industry
My job as an investor, in this market or any market for that matter, is to figure out how to be a part of THE BIG THREE. I think it is a process of elimination. How likely is it that the average real estate investor becomes a government official or at least puts themselves in a position to write policy? Not very. How likely is it that the average real estate investor starts an insurance agency or franchises an Allstate office like my uncle did back in Maryland? Again not likely.
Drum Roll Please.................

By process of elimination the only position available in THE BIG THREE is to be a bank. Why is it likely? Because, if you are an active real estate investor, you have access to masses of cash and credit from your private investors, your credit partners, and your colleagues. Believe it! You can be the bank. No more sulking about the points you pay on this loan and that loan. All you need to do is put yourself in position to do the same things the banks do and it is all perfectly legal.

1. Line up Your Private Money

If you are not actively soliciting private money and you call yourself a real estate investor, HA.
You have to have private money to fund the deals you want to hold. Why would you use your own money or credit when you can use someone else's. Send out solicitations to your friends, co-workers, and family. They call that the Warm List. You will be surprised about who will be interested in what you have to offer. Just let everyone know that you can give them a return between 9% and 12% on their private monetary investments and all of the funds will be secured by Real Estate. They will love that because most people have their money sitting in banks and in non-performing investments, losing to inflation and taxes. Show them that there is a better way. We are going to call these people LENDERS.

2. Set up Your Private Money Division

Our title attorney calls this the Loan LLC. You can set up an LLC specifically to handle the private money transactions of the lenders you solicited above. The attorney will also be able to set up the paperwork, notes, options, terms, and any other specifics to your private money needs. You tell them what you want, pay, and they will take care of the rest. The idea here is that when you solicit private funds, you never touch the money personally. It always goes into title/escrow and it is disbursed according to the terms of the deal. Now you are ready to roll.

3. Too Hot for TV

Everybody knows an investor who needs hard money. EVERYBODY knows an investor that needs hard money. Well guess who is a hard money lender now? You that's who. Use the private monies you borrow at 9% and loan at 5 points and 12-14% for 6 month terms. Turn the private funds 3 times in 24 months and watch your pockets get FATTER!! If I'm lying...I'm flying. Now you are the bank and you control your own income. Analyze the deals as if it were your own and if it makes sense loan on it and collect.

As you can see the Lender loans to you and your Loan LLC lends to the borrower. What great things you can accomplish as a professional middle man. If you turn more you make more. It is plain and simple. The hard money division of your real estate investment business is NOW OPEN. You can thank me later or sign up for "the what and the how" real estate investing program in Dallas, Texas where I teach all of these strategies for creating wealth. So, I encourage you to take action on this one my fellow investors.

Blessings to your Real Estate Investment Successes,

The answer to that question is yes. Most lenders treat manufactured and mobile homes much the same as a conventionally built house and are willing to work with anyone who already owns or is thinking of buying a manufactured home. There are quite a few reasons why you might be interested in doing a refinance of your manufactured home; getting a lower interest rate and monthly payment, consolidating debt, paying for college or even purchasing a car.

When you refinance your manufactured home you are basically using your new loan to pay off your current loan, with hopefully better terms that will save you money. The main thing to look for with this type of loan is a lower interest rate which in turn will lower your monthly payment, freeing up more money for other things you may want to do. If you can easily afford the monthly payments you are currently making then refinancing to a lower interest rate will allow you to shorten the length of your loan and pay it off sooner.

Most financing for manufactured and mobile homes is available if it is located in a mobile home park or on private land. Because these types of dwellings are different then a standard stick-built home the laws and regulations concerning the financing of them will differ from state to state. Knowledgeable lenders will be able to help with the details when it comes to these types of loans.

The closing costs for refinancing a mortgage are the same as when you purchased your original mortgage. You will have the option the pay them up front or roll them into the mortgage to keep out of pocket expenses at a minimum. This is a good option if you do not have the money to cover the closing costs but do be aware that it will add to the amount of the loan and you will be paying interest on any additional fees and costs that are rolled into the loan.

Much like you can do when refinancing a traditional home mortgage you can also buy down your interest rate by purchasing points on a refinance of a manufactured home. Points are an additional fee that you pay up front to the lender. The amount of each point is dependent on the amount of the loan. In most cases one point is valued at one percent of the total loan amount. If your loan is $100,000 then each point or percentage point you move the interest rate down would cost $1,000. Before buying down your interest rate with points it is important to make sure that you plan on owning your home for a long enough period of time to recoup your investment in points.

Refinancing a manufactured home is quite similar to that of a traditional home. There may be a few differences but for the most part the process is the same. Any good lender will point out any differences and should be willing to help guide you through the process.

"So what differentiates a winning financial vibration from on that is a loser?" This question was posed to me by a client who felt that his luck had run out. He was in a pinnacle of change and though he had the natural skills for making money, he was in a phase of transition and was probably reacting to the changes in his life.

Pinnacles play a major roll in the main path of our life path. They are the major tests you experience during a phases. These tests take place whether you're prepared or not. The phases are accurate and represent significant changes. Pinnacles represent a crossroad in which you must make a decision regarding your direction.

Pinnacles are found on your birth path. Your day of birth, Month and Year of birth configures your four Pinnacles. The numbers of your pinnacle represent the opportunities available to you. If your Pinnacle was focused on loneliness and being alone, you might have learned the lesson in your previous Pinnacle; if so you might experience the "7 Pinnacle" through lowered financial outlook and study. A "7 Pinnacle" might not be the best time to go for those major financial deals unless your intellect will be put to the test.

Don't be intimidated by Pinnacles, after all, they can be seen as a measure of your growth and development.

The First Pinnacle is found by adding the digit of the month to the digit of the day.

The Second Pinnacle is found by adding the digit of the day to the digit of the year.

The Third Pinnacle is found by adding the first and second Pinnacles together.

The Fourth Pinnacle is found by adding the digits of the month and the year of birth.

The bottom line is that there are many internal and external numerical influences. You can track them but don't be fooled into thinking that your held back by the numbers; you are merely being tested.

The Money Vibration of Two:

You might be shy about making money on your own if your birth day ads up to a two. You can listen and follow directions very well. You can work well with others and give love and attention without hesitation. Your money works best when earned in smaller amounts over time.

Partnerships tend to pay off later for you and the exercise of patience and perseverance brings big dividends. You have the ability to get what you want without doing it yourself. You gain through association and easily attract people who will help and protect you.

There needs to be balance in your life in order for your to be a success. Your best days of the week are, Monday, followed by Friday. March, May, July, August and October are important months. Take full advantage of days that add up to 2, 11, 29 in any month.

CAREER

Diplomacy, Patience, Rhythm, Sensitivity.

Actor, Artist, bank teller, caterer, collector, computer expert, cook, dancer, diplomat, editor, homemaker, mediator, musician, nutritionist, poet, psychiatrist, sailor, secretary, statistician, or teacher.

When and if you decide to partnerships choose a date adding up to 2, 7, or 6. If possible, avoid January, April, and November and the 8th, 9th, 17th, 18th, 26th, or the 27th.