Wednesday, September 24, 2014

The Beauty of Portable storage buildings

Portable storage buildings are portable buildings that are used for storage purposes. Portable buildings are buildings that can be carried or moved from one location to another. Portable storage buildings are particularly useful for seasonal storage needs; they can help avoid the expense of setting up a permanent storage shed. Moreover, utilization of these buildings does not entail losing yard space on a permanent basis.

Portable storage buildings are available for both domestic and commercial applications. For example, a portable storage building can used in houses for storing clothes and even electrical and communication equipment, while commercially, these buildings can be used for storing construction equipment. Portable storage buildings can be used as premium home storage or for starting or adding to a storage business. Relocating these structures is made easy with a forklift and a pallet jack. Most of the portable storage buildings are made with galvanized steel or aluminum to withstand the rigors of nature, particularly heavy rains, high-force winds, hurricanes, and blizzards.

Cost advantages to using portable storage buildings have made them an attractive option. Construction costs are lower since there is no need to provide a concrete base. A few inches of gravel would be a sufficient base on which to locate a portable storage building. Also, receiving permission to locate a portable building is less cumbersome than obtaining the same for permanent structures. Most portable storage buildings are safe and strong and require minimum maintenance. Since portable buildings are treated as personal property, most owners of such buildings benefit, since they can write-off the cost against taxes over a seven-year period.

Portable storage buildings are available for buying, renting, and leasing. Prices for any of these options differ by size. Many of the portable storage buildings also come under the do-it-yourself category of products, especially in the case of portable storage for domestic use.
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Guide Flipping Properties for Market 2015

When it comes to real estate investing, many people are making money right now by flipping properties. Sure, today's market is not the greatest at this point in time, but despite of home prices that are falling and the housing boom that is now over in some areas, this is a prime time for flipping properties. Of course if you plan on getting involved in flipping properties there are many things that you are going to have to take into consideration. While it may sound quite simple, there is quite a bit to learn if you are going to try to be successful at flipping properties, so the following are several tips that will help you with flipping properties in today's market.

Tip #1 - Understanding the Concept of Flipping Vs. Speculating - First of all, if you want to start getting involved in flipping properties, it is important that you understand the difference between flipping and speculating. Speculators are essentially real estate amateurs who are usually not consistently successful. They count on theory that there is always a "bigger fool"; someone who will come along and purchase the property for more than what they paid for it. Flipping involves a totally different approach. People who flip properties are more conservative and they are more likely to be successful, no matter what the market looks like.

Tip #2 - Getting started - Now you need to know how to get started flipping properties. Basically flipping properties involves getting the property for a low price and then within a short period of time, selling the property for a price that is much higher. Property flipping is a great investment; however, it is important that you make careful plans. If you are new to flipping, you will probably want to work with a seasoned real estate agent, who can help you understand more about the current market trends and conditions. Having a good agent on your side can help you locate a great property and they can also help you figure out what it would cost to fix up the home so you can get the best amount of profit whether doing the work yourself or flipping it to another investor who will fix it up for profit. You have to make sure there is enough room in the deal for a profit once the entire repair costs & other holding costs such as mortgage, insurance, and taxes are figured in. Even if you reselling the property to another investor who will then fix it up, the investor will only be interested in buying if there is a margin for profit on their end.

Tip #3 - Advance Planning - Of course advance planning is very important when it comes to flipping properties in today's market. You'll want to make sure that you know what you are actually getting into. Plan ahead as to what types of properties you want to flip, who you want to renovate them, and other important details. Also, before you get the property, make sure that you have it inspected. Not having the property inspected could lead to heavy losses, so be sure that you have an experienced inspector look the property over carefully.

Tip #4 - Finding a Flip - Finding a flip is the hard part. When it comes to flipping properties and there are a variety of key phrases that buyers look for when they are looking for the right properties. Some of the phrases hat they look for include listings that have phrases like "needs work," "must sell," "motivated seller," and "vacant." Many flippers take a close look at properties that are being foreclosed on as well. Usually banks are trying to get what they can for these properties, so flippers can get them for a good deal.

Tip #5 - Getting a Loan - Getting a loan is important as well when you are involved in flipping properties. However, when it comes to getting a loan, there are many mortgage companies that are a bit leery of giving out loans on a flip because of various scams that have been used in the past. When you try to get a loan on a flip, you will need to check into the requirements. Some companies may make you wait 3-6 months before selling the property; however, in some cases you may be able to sell a flip sooner if you can prove that your property has increased in value. There are also private lenders that are willing to give loans on flip properties as well; however, they may charge higher interest rates.
More information , please visit : Montgomery County Investment Homes

First Time Home Buyer Incentives

Did you know that there is a Federal Housing Commissioner? Me neither. Nevertheless he is there inside the beltway, ostensibly looking to balance the needs of the housing market and the options available to consumers - would-be home buyers. Recently, Commissioner Brian Montgomery had this piece of advice about first time home buyer incentives when a developer dangles glittery incentives in front of you trying to entice a home purchase, you can always say no. And often, you are not walking away from a particularly good deal.

Even though recent home sales prices have flattened, the inventory of unsold homes has climbed to a level not seen in nearly fifteen years. Developers who have borrowed in order to get their new homes built can't afford to hold inventory, and many have resorted to some fairly glamorous incentives. These include upgraded kitchens, cars, and a number of financial incentives such as making the first six mortgage payments. Often these are first time home buyer incentives, designed to reel in the people who are less able to compute the real cost. The kicker with most of the financial incentives - such as reduced closing costs - is that you are required to use the developer's mortgage provider.

Commissioner Montgomery comments, "Often these (first time home buyer incentives cause) consumers feel compelled to use a builder's hand-picked mortgage company because they feel they've been offered an incentive they can't refuse." But federal real estate settlement rules "require that these incentives be legitimate and not built into the price of the house or the cost of the loan."

Controlling the terms of the mortgage gives the developer the ability to recoup the costs of those incentives by building them into the loan. Recent home sale prices don't necessarily act as a deterrent to an excited buyer closing in on a purchase. Too often, builders will threaten to revoke the incentives offers if the potential buyer seeks out other financing. The Commissioner's comment was prompted by reports of consumers feeling compelled to accept this in-house financing, even though there is a better loan available elsewhere.

One of the ways that developers provide this compelling influence is by taking deposits of $10,000 or more on the home while details are being worked out. A consumer who chooses to seek outside financing can be in danger of losing the deposit, regardless of what escrow law has to say about initial deposits. These first time home buyer incentives can cause new buyers to feel trapped.

In one case an Arizona builder took an $11,000 deposit and a signed contract from a buyer who found that the builder was providing a loan that was a percentage point higher than what was available from mortgager brokers in the area, where recent home sales prices have cause intense competition in the loan business. When the buyer opted for the outside financing, the developer kept the deposit, tore up the contract and stated that the home would be sold to someone else. The Commissioner's office intervened and the buyer got the deposit reinstated, the home and an additional $3,800 contribution from the developer.

In a Tennessee case, the builder offered cash and a loan package as an incentive for a first time home buyer that was accepted. As escrow progressed, the builder's mortgage company informed the buyer that her credit score - a near 700 FICO rating - would only qualify her for a high interest loan, instead of the mortgage originally promised. That's bait-and-switch, pure and simple.

Officials see antitrust and unfair trade practices involved in these maneuvers. Builders manipulate buyers who are in an anticipatory and emotional state; they want to believe in the incentives and they don't want to lose the house. The buyer becomes a captive of the builder and his marketing staff, not stopping to think that recent home sales prices put the buyer in the driver's seat.
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