7 Tips To Keep In Mind When Buying Your First Property

Many people got rich buying and selling real estate. So, investing in real estate is a lucrative business. Unlike buying stock, you can easily put in millions of dollars into your first purchase. But you have to have the necessary information before getting started. Below are some tips for you to get started.

1. Repairs

Do you know how to use a toolbox? Can you repair drywall? Can you unclog a toilet? There is no doubt that you can call a professional to get these jobs done, but this will cost you a significant amount of money. Most property owners, especially those with a few homes, do the repair work on their own in order to save money. So, if you can’t do these projects yourself, you may not want to be a landlord.

2. Debt

Experienced investors have debt as an important part of their portfolio of investment. However, a common man can’t afford to carry debt. So, if you have a student loan to pay, or you have some medical bills to pay, buying a rental property won’t be the right move for you.

3. The Down Payment

Usually, if you want to invest in real estate, you should be ready to make a big down payment. Aside from this, investment properties require approval requirements that are more stringent. So, the small sum that you put down on your home won’t work for your investment property. For this, you need a minimum of 20%. So, you have to keep this in mind.

4. Higher Interest Rates

Now, the cost of getting a loan may not be that expensive, but the rate of interest on your investment property may be a bit higher. Keep in mind that you need to make a mortgage payment that won’t be so high. This payment should not be too difficult for you to pay.

5. Figure out Your Margins

Big firms that purchase some distressed properties opt for at least 5% return on their investment. The reason is that they have a staff to pay salaries to. As an individual, we suggest that you aim for 10% ROI. According to estimates, the maintenance cost of the properties is 1% of the value of the property.

6. Buying a Fixer-Upper

You may want to get a house that can be bought at a bargain for flipping into a rental. However, if you are going to buy for the first time, doing so will be a bad idea. Moreover, unless you are good at home improvements, the renovation will cost you plenty of money. What you need to do is search for a home the value of which is lower than that of market. Moreover, make sure that the house doesn’t need heavy repairs.

7. Figure out Operating Expenses

On average, the operating expenses on a fresh property are at least 35% of the gross operating income obtained from that property. So, you should figure out your operating expenses as well.

Hopefully, now you are ready to buy your first home

Horse Riding Lesson Guide – Got Buyer’s Remorse? 5 Tips About Your Purchase Contract

As an attorney, I am often asked by newcomers taking horse riding lessons, what are the buyer’s legal rights when they buy a horse. You are governed by contract law which is defined in your state. It is imperative to have a written contract so that your agreement is less ambiguous and easier to define.

Generally speaking, and one of the most important horse riding lessons is that the buyer purchases a horse “AS IS”, meaning that the duty is on you, the buyer, to examine the horse prior to the purchase. Any defects gone unnoticed and found after the purchase are not a cause of action for a law suit against the seller. It is truly a “buyer beware” situation!

Of course, any agreement can change the “as is” nature of the transaction. You may include in your purchase contract, for example, that the horse is 8 years old and suitable for a child to ride. If you later find out that the horse is actually 15 years old and was used by the seller as in gymkhana events, you may very well have a cause of action against the seller!

1. The more you can get in writing, the better. At a minimum you should expect to receive a Bill Of Sale in which the horse is identified by name, age, breed, color, sex and any other identifying traits that distinguish him from another horse. If any of those elements of the contract are later found to be untrue, you may have a cause of action if the breach is material. For example, if the horse is said to be 6 years old and in fact he is 5 years old, you may not be damaged in the eyes of the law. If the horse is said to be 6 years old and he is in fact 18, you would be damaged because you are buying a horse whose lifespan is significantly less than you expected.

2. If you can prove (that’s the hard part) that the seller engaged in fraud, you can overcome a written contract just as in other civil contract cases. Fraud is difficult to prove, however, because it requires that you show the seller made an intentional misrepresentation designed to make you buy the horse. For example, if the seller knows the horse has navicular disease, yet tells the buyer he is totally sound, the buyer has a cause of action if he can prove the seller’s knowledge of that fact.

3. Besides the written contract, look also at the advertisement the seller may have published. The ad could contain specific statements that could be interpreted as part of the bargain. For example, a buyer who purchased a horse advertised as having “no vices” could likely successfully sue the seller if, immediately after the purchase, the horse turns out to be a terrible cribber. Even if the contract says you are buying the horse “as is”, the written ad would likely give the buyer recourse anyway.

4. If the seller has a higher, specific duty to you, then you may have recourse as well. If the seller was also your instructor, he or she has an affirmative duty to help you buy the right horse above and beyond the normal seller’s contractual obligations.

5. Determine whether the seller is subject to the UCC? The Uniform Commercial Code governs the sales of goods from “merchants”. In the horse business, a merchant would be someone who makes a regular income with horse transactions, like breeders and livestock agents. If the UCC applies, then the transaction will come with two implied warranties: merchantability and fitness for a particular purpose. This will mean that, regardless of the contract, the horse must be reasonably sound and healthy as well as suited to the buyer’s purpose. These can only be excepted if done so in writing in the contract. So, look for that language!

Do not lose your head when it comes to buying a horse. This is the first horse riding lesson everyone should learn! Think things through and get it all in writing!

For more information on contracts go to http://www.horsebacklessonsguide.com or http://www.equestrianriderguide.com

Tips For Buying Electronics Online

When buying electronics online, there are many advantages, but also a few disadvantages. Here are some tips to help you take advantage of online shopping the next time you need an electronics item.

Pricing

One of the main reasons that people buy electronics online is to be able to compare prices more easily, without having to visit many stores that may be miles apart. Online, you can compare prices on something all in the same browser. One thing that can make your price comparison shopping easier is to use price comparison search engines. There are sites like PriceGrabber and Nextag that display a product and show you the prices and even the shipping costs to your location for as many as dozens or hundreds of different stores. These sites can be a real time and money saver!

Privacy & Security

One aspect of buying online that you probably don’t need to worry about when shopping offline, is security. That is, the security of your credit card number and personal information. Never, ever give a store personal information like your social security number, they don’t need it. You should always be aware of their security policy and make sure that when you enter your credit card information, the page should be a secure shopping cart page, which will display with a lock or other secure notice somewhere on your browser window. One way to make sure that the store is legitimate and trustworthy, is to see if they display their contact information clearly, including their phone number and address. Often, fly by night sites won’t have a phone number or real address to display at all. You can also use free online tools to check the validity of a phone number and address.

Return Policy

Don’t forget to read the return policy for any online store you shop at. Many online stores can tack on a “restocking fee” of as much as 30% of the price of the item. If you have bought a TV or other expensive item, then 30% can be quite a large sum of money that you are losing. Make sure they offer returns without any bogus extra fees. The only way to be sure of the return policy is to read it carefully. Many stores may try to hide the return policy by burying the link on an inner page, only shop at stores that disclose their return policy with a clear link right on their homepage and on every page.

Shopping 101: Tips When Buying Women’s Swimwear Online

Online shopping has been a trend for quite some time now and based on recent studies, it has been found out that women do online shopping more often than men. Women have a lot of stuff in mind to shop – from books to accessories to gadgets and most especially, to dresses. Since online shopping offers the best form of convenience, ladies regularly undergo this track. However, there are a lot of women shoppers who are aware of the risks that online shopping can bring especially now that it’s very easy for opportunists to rob your identity by means of identity theft tools. This leads to accessing personal information that can later get your credit card numbers.

Buying any items online entails research and enough knowledge in transacting. Though there are a lot of reputable and trusted online stores out there, there will still be some who will take away your money. The idea of buying swimwear online (according to them) is, quite simply, risky. Finding (and buying) swimwear in a conventional store is difficult enough. But when you can’t try and fit something that catches your fancy, you can end up wasting money.

If you want to buy swimwear online, below are some of the tips that can guide you in picking the best choices.

1. Do some research online of the product you’ll buy. Should you have no idea of the swimwear you want to buy, check out Instagram, YouTube and Pinterest. These social media networks are extremely helpful in finding the right choice for you. You can peek through the accounts of your favorite celebrities, models and brands to help you pick the right kind of swimwear. Once you have a picture of the exact item you want to buy, you can scout websites for availability, colors, style and price.

2. Try to check available sizes. Be aware that online merchants and brands have different size runs. As such, make sure that you check each designer’s sizing chart. Also, remember to check which sizing the online merchant is using. Finally, if you are unsure about which size to get, do not hesitate to contact customer service. They will be more than happy to help you find the right size for the swimsuit you are eyeing. If you feel otherwise, you will end up wasting your money for an item that will never benefit you. This is something you have to veer away from doing.

3. Read the online store’s return policy. Every online store has a unique set of return policies. Some do not accept returns or exchanges. With the latter, you have to be sure with your choice. Otherwise, you will get stuck with swimwear you cannot use. If the store does accept returns, read the fine print. For example, some stores will only accept returns if the hygiene strip is still left intact. Other stores might accept your merchandise only if the item was handled improperly in the stock room. It may seem unusual but a simple thing like reading the policies can keep you away from unnecessary spending habits.

4. Consider mix and match. Buying your swimwear or any clothing online or from your favorite retail shop can be a challenge for many women simply because most people are not perfectly proportioned. Most find this true especially when it comes to curvy or plus size fashion finds. One of the great ways to fix this dilemma is to buy a counterpart. You can mix and match different pieces in order to create your own unique look. Show your creativity by picking stylish and trendy match ups that will uplift your confidence when you are wearing them.

Tips For Buying Auto Parts Online

The Internet is a wonderful place for buying many things. You will often have access to options that you never knew existed. You will also have many more choices and can often find a better deal on items online than in a brick and mortar store. One area of items that are advantageous to buy online are auto parts. With the ability to search millions of websites and many different stores, you may be much more likely to find the right part for even the most obscure type of vehicle online than in the offline world. You may also find a better price at the same time.

Here are a few tips for buying auto parts online:

Major Stores

Pretty much every major auto parts store has an online version, where you can search their entire nationwide database for parts availability, order the part and have it sent to you wherever you are. It’s highly convenient and makes it easy to compare prices. Some major chains that have sites include, NAPA Online, Advance Auto Parts, Auto Parts Warehouse, AutoZone, CARQUEST, Pep Boys and many more. Nearly all of them offer online search and shopping options. Some of them even offer a low price guarantee on certain parts and provide you with news, information, rebate deals and special online only deals.

Manuals & Auto Repair Information

There are many resources online that may help you install your auto part. Check out 10w40 for manuals and information for many makes and models of vehicles.

Auto Forums

You can find information on your make or model of vehicle as well as ask questions and get answers about repairing and maintaining it. You will also be able to talk with other auto enthusiasts. Some popular auto forums are Automotive Forums, AutoForums, CarForums, Autoforum Universe and the forums at Automotive. You may be able to get advice on where the best place to get parts is for your specific make and model. There are also forums available for specific makers which should also have excellent information on where to get parts.

Books

You can easily order any of the auto repair manuals you need online at Amazon or Barnes & Noble. This may be more convenient for people who don’t have a bookstore or auto parts store near them. The most popular and reliable publishers of auto manuals are Chilton’s and Hayne’s. Buying the manual online, you may be able to save money by comparing prices at numerous book sellers, you can use AddAll to do this.

Auctions

Auction are a great place to search for your auto parts and eBay Motors is where you will want to begin your auction search. Currently there are a staggering 546190 listings on eBay Motors under Car & Truck Parts alone. You will want to drill down to the specific category for your desired part, then try to narrow the search under that category.

More Tips

Make use of the many price comparison search engines, coupon code sites and be sure to watch out for shipping costs. Some sites, such as Autopartswarehouse offer free shipping, so be sure to take advantage of those offers.

In summary, buying auto parts online has many advantages, from better availability, to the ability to compare prices much more easily to the wealth of auto repair and maintenance information at your fingertips.

Buying Guide and Tips for Air Purifiers

Air purifiers and cleaners have become very popular items with the increases in allergy and upper respiratory illnesses. It seems that everyone is in the market these days for an air purifier. It’s hard to believe, but in many places indoor air quality is worse than the outdoor air. Air purifiers help eliminate harmful particles or contaminants from the air. Used inside the home, air purifiers will help to make the air that everyone breathes cleaner and healthier. For that reason, there is a good chance that you are in the market for a new air purifier, and if not now then in the near future.

When it comes to buying air purifiers, many consumers think they know what to look for. In fact, many consumers end up purchasing the lowest costing machine or the one that looks the best. However, consumers who base their decision solely on cost and looks will be wasting their money. Instead, take the time to understand the product especially the rated performance quality as it compares to the price. That is where you will find the true value of an air purifier.

The first step in buying a purifier or cleaner is to familiarize yourself with all of the available options. This can generally be done in two different ways. The first way involves visiting one of your local retail stores and thoroughly examining each product that they have available. Read all of the information on air purifier packaging boxes. In addition to comparing prices and products at the store, you should also use the internet. In fact, the internet may be the easiest way to do comparisons. Online, you can familiarize yourself with different air cleaning machines and also read product reviews.

Read as many online reviews of multiple air purifiers as possible. These reviews will give you inside information on the operation, maintenance, and costs of the machine. Reviews are just a tool to give you a starting point. You are still advised to common sense and do your own research. This is important, especially when determining the final cost of purchasing an air purifier.

You will find a number of different makes and models with air purifiers and cleaners. Some of these makes and models use filters. Certain types of filters may need to be cleaned while others need to be replaced. If filters in an air purifier need to be replaced, you need to determine when that filter will need to be changed and exactly how much it will cost. Many consumers overlook this “hidden cost” but it is extremely important, especially if you are shopping on a budget. In some cases, you will find that air purifiers need to have their filters replaced in as little as a couple of months ends up costing more than you originally paid for the air purifier. You are urged to stay away from these types of cleaning machines; many times they are not just considered air cleaners. Obviously these financial traps are not recommended purchases if you are looking for a high quality, cost-efficient and dependable air purifier.

If the air purifier you are interested in has a filter, look for air purifiers with HEPA filters. HEPA filters are often the best performing even though they are considered expensive. This is because HEPA air filters must meet specific regulations which are imposed by the Department of Energy and are the reason why air purifiers with HEPA filters are considered the most successful at eliminating unwanted or harmful air particles.

Air purifiers are sold all across the United States. A large number of retail stores carry these purifiers, including home improvement stores, home stores, and most traditional department stores. In addition to storefront retail locations, air purifiers can also be purchased online from a number of different retailers. Once you have researched and examined a number of different air purifiers and you have made a final decision, you will find that you have a number of different purchase options. For the largest selection of air purifiers, as well the ability to quickly compare prices, you may want to think about using the internet and shopping online.

Which type of air purifier you are purchasing matters more than where you shop. If you are looking for an affordable but well performing air purifier, you should be prepared to spend a little bit of time researching all of the available options. While this research may seem time consuming, it will almost always be worth it in the long run. You’ll be able to breath easier knowing that you made the right choice in your air purifier.

Purchasing Your Copper Sink – Helpful Tips & Information

Selecting a kitchen or bathroom sink use to be easy. There were just a few large companies selling ceramic, enameled steel, cast iron and stainless steel sinks. In the past decade, there has been an explosion of new products in the sink category and a growing demand for hand crafted and custom work. There have been several “new” sink mediums gaining recent acceptance – glass, various stones, brass, copper, and even wood. This article will focus on copper sinks and what to look for before making your purchase.

Copper is man’s oldest metal, dating back more than 10,000 years. Its use in the home in modern times ranges from copper tubing in your plumbing system to some of the finest cookware available. Restaurateurs, hoteliers and interior decorators look to copper and brass as naturally inviting metals that make a statement of quality, comfort and beauty. It is no wonder that copper has also become a popular material for sinks in the kitchen, bath and bar.

Copper artisans abound throughout the world, however the artisans that have gained a reputation for making sinks has been primarily centered in India, Mexico and the US. Most of the shops making “hand crafted” copper sinks are small and the methods used to construct sinks goes back centuries. The term “hand hammered” has recently become synonymous with Mexican sinks. This term refers to the original ancient techniques that artisans have been using for centuries in this area. Copper sheets are literally hammered into shape and hand finished.

The results are somewhat rustic, but truly unique and one of a kind. Copper sinks in the US are made with similar techniques but are more often “smooth” rather than “hammered”. US copper craftsmen are dominated by shops doing custom work primarily for commercial projects such as restaurants. You can see examples of all these sinks at Sinks Gallery. They specialize in artisan crafted sinks and have one of the largest selections of copper sinks available, as well as sinks from all different mediums including glass, ceramic, various stones and even wood.

There are three primary differentiators determining quality – construction technique, copper thickness and the company you are buying from. Construction quality is made up of several factors – how corners are constructed, welding technique and proper dimensions for ease of installation. Quality can vary even when considering sinks made in the same town such as many of the sinks from Mexico. The buyer should make sure they are buying from a legitimate company that knows the product and is not selling “seconds”. In the world of hand crafted products, not all sinks are created equal and oftentimes there are two or more quality levels sold by the same shop (i.e. “firsts” and “seconds”).

Copper starts out in sheets of various thicknesses or “gauge”. The thickness of the metal can also be referred to by the weight per square foot. The thicker the gauge copper, the lower the number. Most bath sinks are made from 20 gauge (the thinnest) to 16 gauge (the thickest) and most kitchen sinks range from 18 gauge to 14 gauge. When shopping for copper sinks, always ask about the gauge and be aware that a thicker gauge sink will cost more – and in many cases is worth it! A lightweight gauge metal can result in a “tinny” sound when running the faucet.

Finally consider the store you are buying from. If a copper sink seems “cheap” in price, there is usually a reason. I have seen many of the copper sinks sold on the most famous “auction site”. All I can say is “buyer beware”, or more to the point “you get what you pay for”…. If something goes wrong with your sink or there is a problem when it arrives, you want to make sure the company you purchased from will stand behind their product. Think carefully about buying internationally. Too often, a sink that is received isn’t as represented. A reputable dealer should identify their shipping location, clearly state their warranty and return policy and be available for consultation.

I am a fan of copper sinks. I think they are rugged yet elegant – especially as they age. The rich highlights and undertones of the patina process are constantly evolving. A copper finish is a “living finish” and never really stops changing in color. That being said, the evolution of a copper finish is gradual, and as it ages it becomes even more handsome. You can greatly reduce this change with the use of wax or even a lacquer product, but personally I like to let the copper evolve. Most often this process results in a mellow brownish weathered copper patina. I like to refer to it as the basins soul.

Copper sinks often come in various finishes from a bright copper finish (like a new penny) to a dark patina (we call ours “Dark Smoke”) and everything in between. The copper finish you choose is a matter of personal taste, but oftentimes our clients prefer the more “weathered” patinas to avoid the upkeep or uncertainty associated with shiny copper. If you want to slow down the patina process, try applying a wax like “Renaissance Wax”. Applied every few months, the wax will provide a barrier between the copper and the environment.

Copper sinks for the kitchen come in two basic forms: Under Counter Mount or Farmhouse style. The rustic nature of copper sinks lends itself well to the farm sink style. Sometimes referred to as “apron front” sinks, these sinks come in a variety of sizes, shapes and with different configurations – i.e. single bowl, double bowl and even triple bowl. Bath sinks are generally available in three styles: vessel (above counter mount), “drop-in” or under counter mount. Usually the lip style determines whether the bath sink is a drop in or undermount. Be sure to order the proper lip style to accommodate your project. A recent trend in bathroom design is matching a copper mirror frame to the sink in the same patina. This can help create consistency in the look and feel of the décor.

If you have any other questions before you purchase any sink, feel free to give us a call at Sinks Gallery or Copper Sinks Online – 1-877-320-0800. We would be happy to answer any other questions you might have.

Boxing Gloves Buying Guide: Tips to Remember

Boxing is one of the most effective ways to workout, socialize, and enhancing and maintaining the wellbeing of your health. However, one’s health can only be sustained if they have just the right type of fitness equipment for boxing. The most integral part of the boxing equipment is a pair of boxing gloves and a fighter may incur many injuries to their knuckles if they don’t use the right kind of boxing gloves, when they get in the ring to spar or if they just need to trade blows with a punching bag.

In order to purchase a decent pair of gloves for boxing, you must do a short research prior to your heading out for shopping. Here are few points you have to keep in mind;

First of all, are you familiar with the fact that boxing gloves are available in a variety of materials? Amid all these different materials, leather boxing gloves are the trendiest and admired by large quantity of professional boxers and they are considered to be the best for training and fighting purposes. Now these may be a little on the expensive side, but they can retain integrity for a longer period of time. Whether you are a professional boxer or simply an amateur beginner, it’s better to purchase gloves with laces; although if you need to use them during a practice session in a gym, you may need to go for Velcro wrist straps which would be better to fulfill that purpose.

On the other hand when you are buying boxing gloves, you need to carefully consider the size of the gloves that you are going to put your hands’ fate in. You can find them in large, medium and small sizes. An average man generally goes for a medium size but it will be better to ponder on whether the gloves will be stretched during their use or not; so it’s good to buy them accordingly.

Moreover, the weight of boxing gloves should also be considered before purchasing, as you may need to weigh in the regulations under which you may be fighting. You should always have a detailed discussion with your coach to get his recommendation regarding the right pair. Your boxing instructor will be the most helpful person in suggesting you about the right weight and material of your gloves. The weight generally ranges from 10 to 20 ounces, however, for kids such as preteens, it ranges from 4 to 8 ounces. The thicker your gloves the more protection will be on offer. Amateur fighters should go for 12 to 16 ounces, for added protection of course, whereas 10 ounce gloves are usually more appropriate for professional fighters.

Another significant thing you must keep in mind during training or a fight is that your hands must be covered with another layer under the gloves you are sporting. Hand wraps are important as they provide extra padding to your wrists, knuckles and smaller bones in hands. So, buying hand wraps prior to buying boxing gloves is extremely important.

Hope this article will help you in providing sufficient information regarding the right kind of boxing gloves for you own needs.

Your comments will highly be appreciated…

Land Buying Tips and Information

As a Realtor and a Registered Forester I have some qualifications to write about buying and selling rural real estate primarily land. I have sold thousands of acres as a Realtor and managed hundreds of thousands as a Forester since 1973.

If you are considering buying rural land this article may help you with some good tips and information. The points below will give you some basic information and insight into what you need to look for as well as look out for in a land purchase.

Kind of Land. Do you want a farm, timberland, development potential, home site, hunting, agricultural use? One tract of land can rarely be all of these. Think what you plan and seek from there. Of course most tracts will have multiple uses but sometimes there are local use restrictions to consider.

Access. Hopefully you will have highway frontage for access. Some tracts may have only an easement. If so, look at the deeded easement layout and the width of it. A 20 'wide easement to a property that you later want to develop is a major negative if the county requires for instance a 50' wide access easement for a street.

Utilities. Water of course is critical but for drinking and livestock. Is there an accessible waterline? If not what are the costs of a drilled well in the area and is there water quality problems in the ground water? Will there be water in a drought? Is there a creek for livestock and does it flow year around? Does anyone have the water rights? Is electric power available? Internet, cable, cell phone or land phone? Easy to check now, hard or impossible to get later.

Income from the property. As a forester I know the value of timber. When looking at rural land look closely at the timber and if there is a significant amount have a local consulting forester appraise it for you. I have seen timber be worth as much as 3/4 of the value of an asking property price even in recent years. Make sure your purchase contract states that existing timber goes with the sale. It may have already been sold! Look at other income potential like hunting leases which can easily pay the property taxes and minor management costs. There are also agricultural leases. Always make sure the tract deed includes all mineral rights.

Making an Offer. Research what local sales have been on similar and nearby land. If you are not using a buyer representation Realtor you might want to consider one. Usually their fee is paid from the seller's funds but not always so verify this. Check to see if land values ​​are going up on down in the area. Allow yourself an inspection time and right to go on to the property by yourself or others you may hire to make inspections. Give yourself a way out of the contract if inspections fail. Make sure timber and minerals are included. Don't make a low ball trying to steal it offer, you will just make the seller mad. Make a fair workable offer and go from there.

Closing. Use a real estate attorney to check title and close. They will know what to look for in deeds, easements and liens on the property. Ask the seller any questions you may have come up with and if they have any reports, old plats and maps that you can have. Ask about the history of the land before its lost as you may never see the seller again if they are moving away.