Free Can You Do In Kanchanaburi Chulalongkorn Day With Toddlers

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Requesting a travel guideline ahead of your holiday is a great idea to familiarize yourself with your location. Traveling tutorials could be requested from the Holding chamber of Commerce in the area you will be visiting. This short article will provide you with some tips on different ways you can understand your journey location.

Should you be vacationing overseas as well as to a part of the region you’ve in no way stopped at well before, it’s a good idea to permit your bank and charge card firm know. Many bank cards have scam defense, that may obstruct deals that this company isn’t sure the credit card owner permitted. Visiting not even close to residence is a virtually a number of approach to getaway these devices.

Acquiring an enjoyment deal when visiting a city with many different sights will save you money and time. An leisure package purchased in progress usually involves seats to several place sights, often in a cheaper rate. This will likely acquire much of the stress out of a holiday, helping you to walk past the extended outlines with the ticket counter if you arrive and acquire right to the enjoyment.

For harmless travelling, don’t bring all your belongings in one place. No one wants to manage missing items when on a journey, but if you have to, it’s easier to decrease loss. Put your credit rating income, precious jewelry and cards and other things you worth in a range of various spots — some in your bag, some in your pocket, some with your budget, and the like. Like that even when something becomes thieved or dropped, you probably won’t drop everything.

Travel during the away from-optimum months. Hotels and airfare are often far more high-priced through the peak summer season. Also, well-known locations is really so around-packed during the summer time that it requires the enjoyment from it. Should you travel within the off of-maximum several weeks you save money on lodging and airfare and you may avoid the crowds.

Planing a trip to foreign areas may be entertaining, but be sure you don’t go at it alone. A good suggestion will not be to travel by itself. Many people usually get caught up in the amazing things of being a traveler, but neglect that this natives may not be as form as they think they can be. The entire world is substantial and few are great. Going with another person or moving like a group, inhibits you from simply being the prospective of your following offense.

If you’re on vacation and you reach the motel only to find that you just still left the charger in your mobile phone, game, pc tablet, or what ever in your house, don’t anxiety! Drop to the entrance work desk and request nicely should they have one you should use. Most accommodations possess a pack of battery chargers that past guests have left behind and you can probably find one which fits your system.

When you are picking a motel for your journey needs, target resorts that provide free breakfast time. Having is a major price component to get a vacation. A family group of four can spend, typically, $25 on morning meal. This can easily be prevented by deciding on the best accommodations. Be sure you clarify precisely what free of charge signifies and precisely what is supplied before figuring out.

Stay away from higher cell phone fees when traveling abroad. Cell phones are often the most expensive approach to get in touch with someone in your own home if you are abroad. E-email or Skype are the lowest priced alternatives, however, if you prefer to employ a telephone, getting a mobile phone card and using a neighborhood payphone may also be relatively cheap.

Always maintain bottled water along with you when you vacation. In many nations faucet water is not suitable for individual consumption and may even contain microorganisms which could get you to extremely sickly. So possibly purchase commercial bottle h2o coming from a dependable source or boil all drinking water prior to ingest it, filter systems by yourself don’t constantly eliminate these harmful microorganisms.

Try to look for a nearby to give you some good info concerning the area if holidaying in an place you’ve by no means frequented well before. Learning about some neighborhood most favorite can make your vacation considerably more memorable and individualized, despite the fact that main sightseeing attractions are always effectively labeled and you’ll have no dilemma locating them.

The Caribbean small islands are a very popular traveling destination, as mentioned at first with this article. Bright glowing blue oceans and bright white soft sandy shorelines draw in numerous tourists all throughout the year. Use the advice using this report to assist you to determine which tropical island is the ideal match for your travel destination.

Check Out This Wonderful Cash Advance Guidance

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Payday cash loans ought to basically be used for conditions that happen to be critical. For example, often banking companies are shut down for getaways, autos get toned wheels, or you must get a crisis escape to a medical facility. Prior to set foot in to a payday financial institution or check out their website, please read on for a few ideas will get the best offer.

Look at shopping online for any payday loan, if you have to take a single out. There are numerous websites that offer them. Should you need one particular, you happen to be presently restricted on dollars, so just why spend gasoline driving a vehicle around looking for one who is available? You have the choice of doing the work all through your workdesk.

There are actually status regulations, and rules that particularly protect payday cash loans. Frequently these organizations have found methods to operate about them legitimately. Should you sign up for a cash advance, do not feel that you are able to get out of it without having to pay it well entirely.

Lots of pay day loan establishments available get you to indication an agreement and you will be in difficulty down the line. In case the individual who is provided with the cash goes bankrupt, your debt fails to get discharged. They can also require a client to indication a binding agreement not to sue their loan company should they have a question.

Understand what APR means well before agreeing into a payday advance. APR, or annual percent amount, is the volume of attention that the organization fees around the bank loan when you are paying it back again. Even though online payday loans are quick and practical, compare their APRs with the APR incurred from a bank or even your charge card firm. Almost certainly, the paycheck loan’s APR will probably be better. Check with just what the paycheck loan’s interest rate is very first, before you make a choice to borrow any money.

In the event you must get yourself a pay day loan, available a whole new bank checking account with a bank you don’t usually use. Ask the bank for momentary investigations, and employ this profile to obtain your cash advance. When your bank loan is available expected, deposit the total amount, you need to be worthwhile the money into the new bank account. This shields your regular earnings in the event you can’t pay for the financial loan back on time.

If you think you possess been taken benefit of by way of a pay day loan business, record it quickly for your state federal government. In the event you wait, you may be hurting your probabilities for any type of recompense. Also, there are numerous people just like you that want actual support. Your revealing of the inadequate companies is able to keep other folks from experiencing related conditions.

When you are looking for a cash advance firm, follow someone that seems adaptable in relation to your settlement date. Some understand the conditions involved when individuals take out online payday loans.

When dealing with payday loan companies, always enquire about a payment low cost. Business insiders show these particular low cost service fees exist, only to those that find out about it purchase them. A marginal lower price can save you dollars that you really do not possess right now in any case. Even if people say no, they could explain other offers and options to haggle for your personal business.

The easiest way to handle pay day loans is not to have to take them. Do the best in order to save just a little money every week, so that you have a anything to tumble back on in desperate situations. If you can preserve the funds on an urgent, you will remove the demand for utilizing a pay day loan support.

Be sure you can pay your payday advance back again within 3 weeks. When the sum you need is greater than what you are able repay with the establish working day, it is better to check out other methods. You can definitely find other manufacturers that could expand the time essential to repay your debt.

Generally do research before applying for almost any personal loan. When you are hurried for the money, you could possibly truly feel you can’t invest some time on study. Online payday loans are desirable simply because they’re really quick. Sometimes, you can find instant or identical-day cash. Be sure you shop around for your most affordable payday loan costs. Look at the selection of lenders you find with the BBB internet site and see if they have any grievances in opposition to them. Before taking out that loan, consider if you have any choices in addition to a loan, just to help you stay away from the costs and fascination.

Be sure you know about any rollover when it comes to a payday loan. Whilst they are often convenient, the financial institution and pay day loan company may charge you with later service fees if the funds are certainly not on time. These lenders will point out this characteristic only within the small print out in their deals. This can lull you into by no means acquiring close to to paying off that payday advance, so you are susceptible to large sums of money of fees. Ensure you research what you’re performing before you decide to undertake it.

After looking at these tips, you should know a lot more about payday cash loans, and how they operate. You should also know about the frequent traps, and problems that people can experience, once they take out a payday loan without doing their investigation first. With all the suggestions you have read through in this article, you should certainly obtain the money you want without having entering into more difficulty.

All About Roulette You Need To Understand

Do you want to give casino a try but don’t know how to play it? Or perhaps you wanted to try another fascinating casino game apart from the usual game you play? If so, then you should try playing roulette. All the important details and guidelines that you’ll need in order to know how to play roulette could be found in blog and this informative article.
Essential Facts You Should Know about the History of Roulette
In 1665, a French physicist, inventor and mathematician named Blaise Pascal introduced roulette. “Roulette” is a French term that means, a small wheel. Initially, Pascal aims to create a perpetual motion machine and not something which would become a casino game. But the research wasn’t successful, so they decided to introduce it in a casino and call it roulette after a year. Since that time, the game became the most well-liked casino games worldwide including America and Europe.
Roulette Rules and Betting System
Inside and outside bet are the 2 kinds of roulette bet. Inside bet enables you to predict the exact number of balls which will land inside the roulette table, and this type of bet is contain straight, split and square bet. On the other hand, the outside bet gives you the higher odds of winning considering the fact that you can choose more numbers to put your bet. The types of gambling that are considered as outside bets are Red or Black, Even or Odd, Dozen Bets and the Column Bets.
Distinct colours of table chips are utilized by other casinos to point out the outside and inside players. In each and every set of game, there would be minimum and also maximum bets permitted. Players can continue to put their bets while the ball is still rotating around the wheel until the dealer states “rein ne va plus” or “no more bets.” When the winning number is figured out, the croupier will set a marker on the winning number. When the marker is still on the table, no player can put bets or eliminates any bet from the table. The croupier will then collect the losing bets and also give payouts to those winning bets. The marker is removed immediately after the dealer has given the payout and also players can put a new bet to start another game.
Proven and Tried Roulette Strategy
Roulette exists for more than 300 years and most people are addicted in this game. With longs many years of playing, gamers have come up with enormous strategies on how to win roulette. There are strategies which can be viewed as effective and there are also wrong moves.  Martingale is among the many tactics that gamers regarded as the most reliable. This roulette tactic is formulated in 18th century. The strategies involves doubling of bet after losing in a 50/50 chance game. Through this, player will be able to win back all the loses plus a small earning in one round.
Playing a roulette wheel is often about the player’s luck. Nevertheless, with perfect knowledge regarding how to play roulette and win, this will give you higher chances of winning the game.

Free Tips That Will Dramatically Increase the Selling Value Of Your House (Part 1)

Did you know that it’s a proven fact that a properly maintained home sells substantially higher then a home that is dirty, depressed looking and clearly not maintained very well? When it comes to selling your house the statement “first impressions are the selling impression” couldn’t be any more accurate. This article will highlight some quick tips that will increase the amount of money you can ask for you home when you’re ready to sell it.

These tips won’t consist of insisting that you perform a major renovation or complete overhaul of your home. Instead they will focus on what you can do outside around your house in order to increase your property value. These quick fixes can include things such as cleaning, painting, refinishing, and other such efforts. These are the projects that don’t require all that much capital, and yet they make an immeasurable improvement to the overall look of your home.

Remembering what we said earlier about first impression prompts my first and number 1 tip. Always take the necessary time to tidy up around the outside of your home. This would include all debris, refuse or garbage waste as well as tools, children’s toys and yard care tools such as lawnmowers and weed eaters.

Always keep any bushes or shrubbery around the outside of your home neat, trimmed and well shaped. It creates the illusion of a well maintained home and subconsciously makes the buyer fell better about the house before actually stepping inside.

Planting inexpensive flowers around your home in order to brighten up the outside can have a positive effect on promoting your house. Many of my favorites include petunias, marigolds and zinnias. Flowers are especially attractive under windows, on porches and of course in flower beds.

Another sure winner when it comes to creating a positive buzz about your house is a properly manicured lawn. Make no mistake about landscaping plays a huge role in determining the value of your home. In fact, studies have shown that when the landscaping of a home is in excellent condition, it can sell for about 4 to 5 percent higher, while homes with landscaping in very poor condition can sell for 8 to 10 percent less. That’s a huge difference in the overall selling price of your home.

If you have a porch or any types of railing on the outside of your home then take the necessary steps to make sure that all of the wood used is in good shape. Make sure all wood screws are properly tightened and that nothing is molding or broken. Additionally make sure the railing is secure and not loose so as to pose a safety hazard.

If you have any shutters on your home make sure they are kept clean and serviceable. The reason for this is quite simple. When they’re well maintained and in good shape, they can add a warm, comforting touch to brick, stone, or just about any other finish. However, if they’re not well maintained, and are in bad shape, they are one of the fastest ways to make your home appear to be neglected; especially to prospective buyers.

Make sure to identify any areas around the outside of your home that require touch up paint. The small investment in time and the necessary paint supplies you purchase will significantly increase the appeal of your home and allow you to ask a higher selling price.

Finally perform one more look at the overall condition and cleanliness of your home prior to any prospective buyers coming by with a real estate agent. Inspect to make sure the gutters, windows and siding are all clean. Remember, your goal for the best possible curb appeal is a neat, clean, well maintained atmosphere. All of these items can be easily performed in a few hours, and they’ll make an enormous difference for selling your home.

Should you Sell your Home yourself?

Should you sell your home yourself? Yes and no. Yes, you should leave the option of selling on your own open and no, you shouldn’t rule out using the services of an agent to help you sell. There are a considerable number of advantages of using an agent to sell your home but their services do come at a price – up to 6% commission on the sale price! That’s quite a sum, a precious $6,000 for every $100,000 your home is worth. Agents are not indispensable. With the advent of the Internet, a fairly sizeable number of owners have been able to successfully sell on their own. Statistics have it that 80% of home buyers begin their search for a home online. So, putting your home details on the Internet is one effective medium of advertising your home and reaching out to a large number of buyers.

So now, how would you go about doing the ‘yes and no’ at the same time? Well, agents may not tell you about this but there is a type of listing arrangement you can have with them, known as an ‘Exclusive Agency Listing’. Under the terms of this listing, they would be the exclusive agents handling the marketing of your property and should they or another agent find a buyer for your place, your listing agent would be entitled to a full commission. This type of listing would also have the agent put your property on the MLS (Multiple Listing Service). The other side to this listing arrangement is that, if you find a buyer yourself, you don’t have to pay any commission to your agent! So, the answer to yes and no lies in going for an Exclusive Agency Listing. You would be keeping the option open of finding a buyer yourself, through the Internet listings of your home, while on the other hand, should your listing agent find you a buyer, you would have to pay the commission but you’re getting your home sold in the process.

So where should you advertise and list your home? There are plenty of websites which offer to list your property. Two well-known and frequently visited sites are and I suggest not listing on only one but listing on at least a couple of these sites, if not more. It doesn’t cost much and especially when you consider the money you’d save in commissions from finding a buyer through these sources.

Tax Deferred Exchanges of Investment and Business Real Estate

The Primary Residence taxation, the Residential Replacement Rollover, Sec. 1034 exception is gone. Previous capital losses still apply, if the property is held as investment property and sold at a loss and that loss can be carried over for up to 7 years. For those over age 55 the primary residence or residential sale exclusion of taxation is gone. Tax deferred exchanges remain a viable way of deferring taxation on investment real estate.

It is required to analyze and pre plan prior to transaction. That analysis must be done by an updated tax deferred exchange professional such as those we have on retainer. Not only do you need a tax attorney, but a real estate attorney, and an expert attorney working with them – that is a specialist in only tax consequences; especially those of tax deferred real estate transactions. There must be proper forms and written documents before the transaction is done. This requires planning and a review of limitations as well as a formal and professional critique of assumptions and decisions.

Most Realtors, Attorneys and CPAs do not have sufficient expertise to guide you in a legitimate and defensible tax deferred exchange. The key here is defensible, as the IRS will usually audit the tax deferred transaction and if it’s done correctly so that it is easily defensible you will sail right through the audit for little or no money. Your personal tax profile and that of your other business and family identities must be factored in the decisions. It may be necessary to legally refigure, adjust, and compartmentalize your purchase or sale – and document that appropriately, BEFORE you begin to put any part of the transaction in writing. Planning is legally done BEFORE and if it is done after the transaction you can be liable for fraud. The IRS does not take kindly to fraud especially regarding real estate.

For instance you must know your straight line depreciation factor; for investment property that is currently 39 years. For instance: Any depreciation taken during the ownership of the property will be picked up in a recapture tax upon the sale of the property.

Federal and State taxations must be combined properly, according to numerous factors that must be researched by your team of advisors. Since the total taxation on the gain is approximately 35% of the gain plus the recapture tax – your fees to professionals can be well worth it to you if they better your tax situation. The tax deferred technique can defer till later or eliminate your tax payment and consequence. Of course the only real and usual way to eliminate the tax is to die. There are ways to defer the tax however until that death. Tax deferred strategies are sometimes called alternative strategies or alternative tax deferment strategies.

Note: if you are speaking with anyone and they speak of TAX FREE EXCHANGE or TAX FREE SALE of your property, they are not well informed and thus you should be wary of any other advice they give you. There is, effectively, no such thing as a tax free sale or tax free exchange of real estate.

Exchanging is an effective tax planning tool. Large potential tax liability can therefore be deferred. And, there are savvy investors who have deferred taxation on millions of dollars of properties for decades and thus given themselves many millions of dollars of additional investment money with which to leverage their wealth.

Like kind exchange can now be defined as: any kind of real estate in exchange for any other kind of real estate.

We hear of qualifying property or properties – yes there can be more than two properties involved, in some cases there can be several and you don’t have to ever see or even know about the other properties involved. You will need good advice however, professional advice. This exchange of any kind of real estate for any other kind of real estate was not always true. This tax deferment alternative is not for everyone. Some owners should not defer.

We must realize, as well, that there is ALWAYS a risk of audit. The larger the dollars involved and the more suspect (according to the IRS) that the participants in the transaction are, the more likely an IRS audit of the procedure is. If there are several million dollars in tax deferment involved, and especially if one or more of the participants are considered audit targets by the IRS for any reason, you may become involved in an expensive tax audit. The cost of the audit, even if you are successful in defending your decisions, can be far greater than the tax deferments. And if the deferment is disallowed there WILL be penalties, fines, interest and even more substantial legal and accounting fees – plus an amended return in some cases which may trigger more consequences and even more audits. I hope I’ve made myself quite plain here – get good advice from legal and accounting specialists on these exchanges.

There is a time line, for several of the acts and consequences in exchanges according to the IRS. In addition to timing there are other qualifying or disqualifying situations and these situations include the use of the properties, before, during and after the transaction by those involved or their families, friends, associates, etc… In addition to the normal criteria for the exchanges, if Realtors, investors, attorneys, or those who buy and sell real estate frequently are involved in exchanges; the IRS makes special, more restrictive rules that will result in more scrutiny by the IRS. In fact the IRS can make up reasons why they think a person needs more scrutiny; that can include political affiliations, relationships to politicians, your social position, your affiliation with judges, and conspicuously wealthy or well known people and even your religious affiliations and charitable giving recipients. In fact, there can be a tax deferred exchange that will work for one side of the exchange and not for the other person or entity involved.

In addition the tax court looks at intent for use, investment, or purchase and sale — not only the use; past, present and future; of the properties involved but what they think may be or could be the uses and consequences based on all sorts of criteria and even hunches they may have. They also have extensive rules on what like-kind exchanges are. The exchange must also be interdependent. There may not be any receipt or control of cash or other liquid assets from the sale by any of the exchangers. This can be inclusive of debt relief as well. Any of these things will be taxed. In fact, a refinancing of any property involved within two years or less will disallow the tax deferment as well. There are also several time limits and timing criteria involved which must be allowed for and honored.

There are some specific terms; relinquished property and replacement property are the most important terms; after the most important definitive phrase of all: Like Kind Property Exchange. Large potential tax liability can be deferred; that is: NO tax is due upon receipt of the proceeds; from your investment in qualifying real estate, whether buying or selling, can be maximized by deferring the tax liability, the consequences, and using the deferred expenses. That is; you are saving and have the use of the tax money you don’t have to pay now, and you can invest that money in the next property, giving you a multiplied ability to invest and reap further benefits of appreciation and income. Therefore, you will have the additional money, and therefore additional down payment, to invest in an even larger property or pay cash for a more expensive property. This can change your life; your life as an investor, your business life, at least.

The exchange does not have to be simultaneous. You must in general; identify the property within 45 days and settle within 180 days.

There are also delayed exchanges, non simultaneous exchanges, which are sometimes called Starker Exchanges. There can be a buyer assisted, delayed, Starker exchange. This buyer assisted, delayed exchange, is done with the help of the buyer – by letting the buyer possess or even live in the property for a while. This is almost always a bad idea, a very bad idea. There is also such a thing as a reverse-Starker exchange. In a Reverse Starker Exchange the replacement property is acquired before the relinquished property is sold. These are rare, unusual, possible and legal – but not to be considered lightly without adequate counsel involved in your every planning facet.

For the protection of all involved; the contracts, all exchange documents and paperwork should be prepared by specialists in tax deferred transactions. The Realtor should never, ever, prepare the exchange documents!

There are some additional factors and rules. You can name up to three possible properties in that first 45 day period. There is also a rule called the 200% aggregate rule where you can name several
properties up to but not more than 200% of the value of the relinquished property. Property held by a person who deals in property does not qualify. Personal residential use property does not qualify. Partnership interest in property does not qualify. Refinanced property will not likely qualify if it has been refinanced in the last two years. The property must ordinarily be held for investment and generally acquired and held for appreciation and for production of income such as rental income.

Let’s now look at the sale of personal residences. The gain on a personal residence has no tax due on the first $250,000 of gain for one person or $500,000 tax relief for a couple. A principle residence is one that a person resides in for 183 days per year or more and no other. Factors which determine a person’s principle residence are four; each showing the same residential address of that being claimed: A Driver’s License; Magazine, Newspaper, and Internet Subscriptions, Utility Bills such as Cable TV, Telephone, etc. that are mailed to and show the address as residence, credit card bills, checking and savings accounts, voter registration card, personal telephone listing in the white pages.

There are many pages of rules, regulations, code, determinations, tax code, rental and vacancy rules, abandonment according to prescription, determinations of intent, various capricious factors known only to particular IRS agents, time lines, divorce issues, temporary use, rental, vacancy, or abandonment issues, documented or discoverable intentions on the part of participants in the transactions, multiple dispositions in short periods of time, work related occupancy and vacancy requirements, personal business use of property, income streams, family uses, health related and documented residential move or vacancy requirements, court cases and other recorded facts, all manner of special requirements and issues, land installment contract provisions, miscellaneous extenuating and defensible contingencies – which will affect the bona fide legality and defensibility of a tax deferred transaction. There are many points upon which your planning should be based. There are some emergency planning techniques as well.

You can even take some improvement expenses and take a fix up expense for work done to sell the house. You MUST have: Written affirmation of necessary expenses that are needed to sell the property. Be able to prove the work was done within 90 days of the executed contract of sale. There is also, now, a maximum of 20% taxation on the taxable portion of the net gain on the home. Generally tax laws are applied separately to each individual owner or co-owner of the property and each must meet requirements separately and individually.

Take care. Be prepared. Educate yourself and ensure that your advisors are as well. Be legally and financially, well represented and very professionally and personally wary.


End Note: The above article was written in the form of notes during a class I attended on exchanges that was delivered by SEVERAL full time professionals in the business of ONLY these types of exchanges. These notes are to be considered guidance in the form of alarming you to the point of getting proper counsel only. You may know the exchanges of Real Estate as Starker Exchanges, 1031 or 10-31 exchanges or even as “tax free” exchanges. They are NOT tax free, they are tax deferred! Be careful.

Do not use the information in this article to make your final tax or selling or buying decisions. This information here is to give you enough data to begin thinking about deferred tax – exchange of real estate.

Do not make any decisions or write any documents based on this information. Get specialized legal advice from experts in this exact business; not from unspecialized attorneys or accountants – and especially NOT from general Realtors such as myself.

Ask to see the credentials of anyone who seeks to advise you, they will have them or not, exact and specific credentials, in writing, of their professional ability to serve you. If not, chose another professional to help you. In fact feel free to contact me and I’ll get you in touch with those senior professionals who are full time in this exact profession.

There are law changes frequently on these forms of transactions and as I write this 10-31-2001 there are several laws being discussed and perhaps voted on today that will change many of the factors involved here – hopefully for the best – in order to help bolster our economy even more and support the real estate business in which I work.

Investing in Residential Real Estate: Achieving Positive Cash Flow

When investing in real estate, it is highly desirable to achieve positive cash flow on a month-to-month basis. This is true even if you are counting on property value appreciation to supply the bulk of your desired return on investment. If you are losing money month-to-month, you may find all of your eventual profits eaten up by the monthly drain on your income. This will be particularly true if there is a downturn in property values for a few years.

Worse yet, you may tire of the monthly outflow of cash, and you may give up on the property before you have a chance to achieve the desired appreciation. You will be much more comfortable waiting for your property to appreciate if you are making at least some money every month, or at least not losing money every month.

One exception to this rule is when you are purchasing a property to fix it up and flip it. While you are fixing it up, you may not be able to rent it out at all (depending on how extensive the work is) or you may have to rent it at reduced rates. The negative cash flow is just part of the expense of rehabilitating the property and will be quickly reversed by your profits upon sale of the property. This assumes that you have properly calculated all of your costs and you have purchased the right property.

In other cases, we think it is wise to achieve positive cash flow, Here are some tricks and ideas involving the financing of the property:

Lower cost properties are generally easier to rent at a profit than higher cost properties. It therefore makes sense to purchase two or three smaller homes than one larger one, if your intention is to rent them out.

If you don’t already own your own home, consider living in the first “investment” property you purchase. (This assumes it is convenient to live in the area where you want to invest.) Interest rates and down payments are lower for a primary residence. Also, you don’t have to deal with the problems of finding and managing tenants, paying for any damage they may cause, and absorbing the cost of an occasional vacancy. This will also give you very valuable experience in dealing with real estate.

If you live in a home for only two out of five years, it probably qualifies as a primary residence from the point of view of the IRS, and therefore appreciation of the property value is probably tax free up to a certain level (for federal income tax). Check with your tax advisor for the exact rules. So one strategy is to purchase a new investment property every couple of years, live in it for the first couple of years, then purchase and move into another property. Rent out the first one while it continues to appreciate. Since you live in each new house for the first few years, you can get a loan at primary residence rates, and you will also have the tax benefits of a primary residence, yet actually own several homes at the same time.

A “second home” (that is, a vacation home) also qualifies for preferential interest rates. You have to be able to state that you live there a portion of each year and you cannot claim rental of the property as income. There are other requirements such as location of the property. If this fits, consider making one of your investment properties a second home. Do check with your lender to be sure you know all the requirements for a home to be considered a second home before you go out and buy one. Note that with a second home, you cannot use any rents your charge as income. You will have to qualify for the loan based upon your income without considering any rental income from the second home.

The easiest and best way to achieve positive cash flow is to get a loan with a ridiculously low interest rate for the first several years. Nowadays, a number of lenders offer “payment option” loans. These loans offer an optional minimum payment that starts with a rate between 1% and 2%, which results in very low monthly payments. As a general rule, these low rates last for about 5 years. During this period, the minimum payment increases year-to-year by a very small amount, usually no more than a factor of 1.075 per year. If you take advantage of the minimum payment, you are actually charged a normal variable interest rate (such as about 4.5% today), but the interest you are not paying is deferred. At the end of the first five years, the interest you have not paid is added to the loan amount, increasing the loan amount by a relatively small amount. Ask your loan officer to calculate the exact amount. At that time, the loan then becomes a standard variable rate loan. This is not a problem because you can assume that property value appreciation will be far larger than the deferred interest. With this plan, you should plan to refinance or sell the property within 5 years, which is commonly not a problem. (Such loans may not be available in all states.)

Another way to minimize monthly interest payments is to obtain an interest-only loan. The interest-only period of most loans is usually 5 to 10 years. You should plan on selling or refinancing by the end of this period.

The interest rate you pay and your eligibility for special loans such as a “payment option” loan is subject to your credit rating, your employment status and the financial reserves (savings) you have on hand. Do everything you can to get your credit scores above average (above 640 and preferably above 680). Make sure you are steadily employed in one profession or engaged in your own business or profession for a period of at least one year steadily, and preferably two, and make sure you can prove it. Extended gaps in employment can make qualifying for a low interest loan much more difficult. Lastly, save up enough to make at least a 10% down payment. This will open the door to better rates.

Payment option loans as described above generally require 20% to 25% down payments. A down payment of 20% or more will also eliminate the need to pay for mortgage insurance. Mortgage insurance is charged by all lenders for loans with less than 20% down payment, even if it is not explicitly stated as such. The extra expense may be built into the rate (as is the case with so-called “sub-prime” or high risk loans), rather than stated separately, but it is there. Mortgage insurance covers the lender against the risk of a default, when there is not enough extra value in the property to pay off the loan and the expenses of foreclosure.

The above tips and ideas may get you started toward positive cash flow in your real estate investments. There are many other ideas that may apply to your particular circumstances or where you live or where you want to invest, and not all of the above ideas may apply to you. We are writing from the U.S. Outside of the U.S., laws and loan programs may be completely different than the above. In any case, please ask your loan officer or financial advisor for his or her opinion and ideas to verify and add to the above.

How to Become a Successful Real Estate Investor

Many folks dream of becoming real estate investors, but not everyone has what it takes. If you’re dreaming of becoming an investor, here are several important questions to consider, long before you buy your first investment property:

1) Why would a homeowner sell a house at a bargain price?

Many things happen in people’s lives that make their home suddenly become a burden. Loss of income, divorce, or illness are the most common, but sometimes a homeowner dies, leaving a home that none of their heirs wants. In any case, the home has become a problem, which is where you, as an investor, come in. The homeowners, or the heirs, have a problem, and you must find a way to offer a solution.

2) What types of houses should you look for?

Besides being owned by someone who no longer wants or can afford to stay in a property, you want to find a home that’s only tired, and not in need of structural work in order to favorably compete with similar houses on the market. We call that type of house a “doghouse.”

3) How do you find doghouses?

Your real estate agent can scan the MLS listings, looking for fixer-uppers, handyman specials, or as-is houses. You can also find similar properties yourself, using the local newspaper or shopper.

4) Should you try to close quickly?

This is an important step in becoming successful, because beleaguered sellers will almost always be in need of money in as short a time as possible. Get yourself prequalified and preapproved for a loan, so you can close on the property quickly. Being able to let sellers know they’ll get paid fast will consistently net you more houses than your competition.

5) How do you flip houses fast?

Find ugly homes, in good neighborhoods, that need as little work as possible. Clean them up, paint them inside and out, and install a neutral shade of new carpet, and you should be able to flip the home in a short amount of time. Always keep your limitations in mind. Hiring professionals for repairs will cut into your profit margin.

Asking yourself these questions will help get you started in your real estate investment career, and keeping these answers in mind at all times will keep you from making costly mistakes as you buy and sell investment properties.

Interior Design Secrets for Selling Houses

New concepts in Interior Design Psychology are helping home sellers net more money in today’s competitive real estate market. Therefore, it’s worthwhile to spend time planning the changes that will help your home sell for the highest price.

Develop a general design plan, keeping your target market and budget in mind. Your overall design plan really depends on supply and demand. How many houses are for sale in your area? How many houses sell each week? Is the selling season cold, warm, or hot? Is it a seller’s or buyer’s market?

If the market is moving fast and buyers are lining up to make offers for homes in your neighborhood, you can do less. But whatever your answers to the above questions, you’ll still need to do a few things to make your home stand out from the competition.

Know Your Target Buyers

Think about your neighborhood and the buyers purchasing homes near yours. Are they purchasing their first home or moving up? This will be important to your marketing and design plan, since the psychological needs of the two types of buyers differ considerably.

First-time homebuyers seek to control their own environment by owning, rather than renting. Their psychological needs include:

Safety and security

Sense of place or connection



Move-up buyers often enjoy those benefits, too, but they’re generally more interested in finding a larger home with more amenities for their comfort, self-esteem, and feelings of prestige.

Once you’ve determine your potential buyers, you can begin making improvements to your home that will attract them.

Budget Concerns

Spend money only on items that will make a difference in your sales price. Of all repairs, fresh paint is the best investment you can make. New kitchen appliances, upgraded bathroom features, and updated lighting fixtures will usually give a good return for your money, as well.

Sometimes, hiring professional help is worth the extra expense. Professional painters work faster and will often cost less than day laborers. Tile installers, carpet layers, and electricians also know their trades and will do a better job than most day laborers.

Contractors should have their own disability and liability insurance — ask for a copy with your contract. Get everything in writing — including work to be completed, costs, lists of specific materials to be used, time for completion, and payment schedule.

Exterior Design Psychology

Choosing the right colors to paint your home will make a huge difference in your paycheck at closing. Look at the other homes near yours and choose complementary colors.

Did you know that the exterior color of houses selling the most quickly is yellow, but the wrong tone or shade of yellow can kill a potential home sale? Avoid yellows with green undertones and bright yellows, and choose pale yellows with creamy or beige shades instead. Warning: colors look darker on huge exterior expanses than they do on the little

paint chips you see in the store.

Color Combinations

Paint stores offer many brochures, showing various combinations of exterior paint colors, but most of them also feature combinations include three colors. Limiting your paint selection to only two colors will limit your income potential.

Think fun colors for a fast sale. Think “Disneyland Main Street,” where every shop is painted in glorious multi-color. Using a third or fourth color on the exterior can add definition to your home’s details. Use gloss or semi-gloss paint on wood trim.

Psychology of Exterior Paint Colors

Take the ultimate sales price of your remodeled home into account. Certain colors, especially muted, complex shades, will attract wealthy or highly-educated buyers, whereas buyers with less income or less education will generally prefer simple colors.

A complex color contains tints of gray or brown, and usually requires more than one word to describe, such as sage green or forest brown, while simple colors are straightforward and pure. Generally, houses in the lower price range will sell faster and for more money when painted in simple tones like yellow and tan with white, blue, or green trim.

Interior Design Plans and Secrets

Create a list of work and materials you’ll need for each room and then estimate the time you think it will take for each task. The more planning you do before you begin, the more time and money you’ll save.

Psychology of Interior Paint Colors

Daring to use color instead of bland white walls will increase your profit potential. Did you know that Lynette Jennings tested people’s perception of room size and color? A room that was painted white appeared larger to only a few people in the survey, compared to an identical room painted with a color, and the perceived difference was only about six inches! Because most people look better surrounded by color, a colored wall also makes them feel happier, and buyers will choose to buy the house that makes them feel happiest.

Entryways should bring the exterior colors of the home inside. Repeat variations of the exterior shades all the way through your home, which will make the entire home seem to be in harmony. As an added bonus, if buyers love the exterior colors, they’re going to like the interior colors, as well.

Selling Houses: The Basics of Design Psychology

I’m often asked about the basics of Design Psychology, which offers innovative interior and exterior design ideas for increasing profit and shortening market time. In reply, I begin by saying that Design Psychology’s strategies go well beyond normal cleaning, painting, and repair.

Here are a few Design Psychology tips you can use to maximize your sales profits without having to spend a great deal of money:

The first step is to emotionally detach yourself from your home. Think of your house as an investment that needs to be sold. Your ultimate objective is to spur buyers’ imaginations by making your home feel like a nicely-appointed vacation property.

Set out your best china and finest linens, and pack away everything you won’t need, including personal items such as family pictures. You want to create a feeling of luxury and comfort, because buyers will pay more for a home that makes them feel pampered.

Once the interior of your home feels warm and inviting, it’s time to take a look at the rest of the property. Pretend you’re a home buyer, seeing the property for the first time. It may help to have a friend along, in order to be more objective.

Walk around your property, making notes of “No Cost,” “Small Cost,” and “Dream List” changes. Then walk to the front door, enter the house, and walk through your home, letting the natural flow of the floor plan guide you all the way to the backyard. Look for things that need attention, noting everything that detracts from the warm, inviting feeling you’re trying to create.

When you’re done with your investigation, tackle the “No Cost” items first, which might include such things as simple as rearranging furniture to improve traffic flow or to make the rooms feel larger. Under-furnished rooms will also give buyers the opportunity to imagine their own furnishings in your home, so it’s worthwhile to either sell or place unnecessary furniture in storage.

When you begin to consider the repairs that will cost money, make sure that every expense will be worth the eventual benefit. Ask your Realtor for help determining which upgrades yield the highest return in your market.