The Basics of Mobile Home Investing

Investing in a Mobile Home for the income from it is a good idea, just like owning a house, or apartments, or a commercial property. However, with Mobile Homes comes a different set of rules. Here is some things to know:

First, most Mobile Homes are located in communities or parks. 90% of the time the rules for living in the parks are that you must own the Mobile Home yourself. Occasionally you may rent one out to a family member, but this is not usual or a good investment. Be sure to check with the park manager first before buying a Mobile or Manfuctured Home as an investment.

Second, the property laws are different for Mobile Homes because they are personal property, not Real property. Make sure that you check out the local and State laws governing renting personal property. One area is the condition of the home – you are liable for the home being up to code and in VERY good condition. This may cause the numbers not to work in your favor. Proceed with caution.

Third, Mobile Homes are cheaper, normally, than other properties, and thus can be a great investment. If you are very careful with the first two issues above, then you will certainly make good money simply because your costs will be lower for the initial investment.

Again, do your home work and don’t assume the Real Property laws will apply to Mobile Homes, but if you are cautious, you will stay out of trouble.

Now, you could also invest in a Mobile Home Park. This is comes with a whole set of different benefits and problems. Mainly though, the park owner only worries about the upkeep of the park, and tenants that don’t pay. Gone are the toilet clogs and roof leaks. Typically buying an established park is the best idea rather than trying to build a new one. Upgrades to make an existing park better normally are simple, compared to starting a new park.

Financing should be easier as well on buying a Mobile Home Park. A lender will qualify the park’s existing income and expenses for the loan, much more than the new owner’s personal balance sheet. Although this is important, it is always recommended to have experience in management before buying an existing Mobile Home park.

Check out more information, tips, advice, and recommendations about mobile homes and manufactured homes at: www.free-mobile-home-info.com

Book Summary: Guide to Investing in Gold and Silver – Written by Michael Maloney

This is a great education book about real money. Mike reviews sound money principles that have lasted throughout human history. One thing is consistent and that is Gold and Silver are real money. In today’s world of fiat currencies, Gold and Silver are tools you can use to preserve and protect your wealth. Mike reviews the differences between currencies, real money and fiat money. Fiat currency is basically paper money not backed by anything. We will go into some detail on why this is dangerous and the average investor should at least understand the significance of debased money and bloated fiat currencies. With the 2008 economic meltdown along with Ireland, Greece and other bankrupt countries, we as small investors need to be educated so we can protect ourselves.

Why is this important to me?

This is important because the greatest wealth transfer is happening right now and that transfer is moving away from America and not toward us. This needs to be a priority if you want to protect yourself and your family.

Several things are happening but 90% of the general public does not truly understand it. This is understandable because of the noise between the political bobble heads on CNN and Fox News diverts the real issues. The real issue is this – The Federal Reserve is a private institution that is not regulated and not audited. They control the financial system. These guys are the quintessential king makers running the country in the background. Thomas Jefferson was admittedly against a central bank in the United States. For more information on this subject, you can listen to Ron Paul. He is the congressmen from Texas that is all over this stuff.

The big swings that we have seen from the Internet boom to the housing bust have been a direct result of the Fed. Not many people know this and some will bitch that this is wrong. The Fed has been keeping the interest rates artificially low which spawned the bloated housing market. The relaxed debt to equity and the financial instruments of mass destruction known as CDO’s & MBS’s and other weapons nearly killed the country. Financial education is needed for us little guys to have a chance. Read this book to get your eyes opened. One thing that is not being said in main stream media and is more potent than Terrorism is the following: If the dollar is lost as the world’s reserve currency then our total standard of living will reduce by a minimum of 25%. Right now it is already tough for 85% of American families. Another wealth transfer could put the last nail in the coffin. Get educated.

There is a ton of information in Mike’s book. The history of currency debasement is outlined from every major empire including Persian, Greek, Roman, British and now American. Currency debasement, inflation and taxation are the wealth stealers. If your money is a candle then taxes and inflation are the flames burning at both ends.

1. Ingenuity – I am not a doom and gloom person. I believe in the strength and resolve of the American people. This still does not hinder the fact that we all need to be educated and the only way to change is from the bottom up. There is no way top down government can benefit the country in this light. It is the iron horse ingenuity of the American people that will solve our financial issues.

2. Gold and Silver – Gold has been money for over 5,000 years. Its redheaded step sister Silver has also been known as money. The ratio between the two has been historically 16-1. I have personally seen that spread in the last year go from 80 to 1 down to 30 to 1 and it is back up to about 40 to 1. What this means is that you can by 40 ounces of silver for 1 ounce of gold. Thus silver is $35 per once and Gold is $1,500 per ounce. Now – reality check. Warren Buffett does not invest in Gold. If you have been following any of my book summaries then you know I am a Buffett fan so let’s look at this. Basically Buffett says that if he owned all the Gold in the world then he would have a 67 foot cube of gold (height, width, length for you beginning math majors). He could polish it and kiss it and sleep on top of it. Instead of the gold cube he could have half of the farm land in the U.S. plus 7 Exxon Mobiles plus a trillion dollars in cash. He would rather take the latter as I would. Basically Buffett is arguing that Gold has NO UTILITY. I agree with him. Silver on the hand is different. Buffett has owned silver in the past and still may own some. Silver does have utility because it is used in Cell phones, computers, smart devices and medical gadgets. This is why I love Silver as a means of savings.

3. Cash Flow vs. Capital Gains – We do not want to fall into the great fool theory and invest in Capital Gains. Well in true contradictory fashion, Silver is a capital gains investment. Anyway you need to look at all of you investments in a synergistic approach. This means that we want investments to spit off cash flow but we also want our savings to increase. Robert Kiyosaki states that savers are losers. Translated this means that if you hold onto dollars then you are losing because of inflation and currency debasement. Thus you can hold your savings in Silver.

Now let’s chat about holding “real money” as a wealth life preserver. Note: Get educated, I am not saying go out and invest in silver and gold today. I am saying get educated. I do personally invest in Silver and will continue to do so but it is a very volatile so you need to educate yourself. Also, I am not a financial planner and don’t give advice so please do your own homework. My goal is to simply help you with that homework.

1. Mountain of Debt – This book was written in 2007 BEFORE the subprime crash. Even then the U.S. was buried in a mountain of debt. Since then, the money supply has been TRIPLED by the Fed. Thus that Mountain just became Mount Everest. This happened in the last 3 years and that is why the dollar is at an all-time low in 2011.

2. Unfunded Liabilities – Social Security, Medicare, Medicaid……… These unfunded liabilities along with the mountain of debt just magnify the problem. When you give something to somebody and then try to take it away, all hell breaks loose. Take a look at GM. They had to go into bankruptcy, get a government bailout and renege on all their unfunded liabilities in order to survive. They are now doing pretty well but the little guy lost their pensions and medical care. Get educated my friends. Do not let other people manage your money… The same will happen to the U.S. with the unfunded liabilities. Start planning NOW.

3. Derivatives – We touched on this earlier but in a nutshell here is what happened in the subprime meltdown. Around 100 people sat in rooms and decided to sell MBS (Mortgage backed securities) to investors. The problem was they wrapped up crap and sprayed it with perfume and sold it as triple A rated instruments. The ratings agencies and the leadership of these companies should be prosecuted. What happened was that a 1-2% move in values could wipe out the companies because the Leverage was so deep. These guys were leveraging billions to make tens of millions. There are too many zeros for that to work in the long run. As we know now, it didn’t.

To summarize, what does all this mean? This book and others like it will help you take control of your own destiny. It is recommended that you should hold 10% of your assets outside the financial system. This means that there is no counter party risk. When you put all your money in the bank and there is a run on the bank and it fails, the bank is the counter party. Holding physical gold and silver as real money eliminates the counter party risk.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days.

One thing you can take away from this book is GET EDUCATED. Please open your eyes and spend a few minutes per day educating yourself. You will be happy you did.

How to Save Beaucoup Money When Investing in Fixer-Upper Houses! 5 Tips on Learning to Make Repairs

Let your knowledge of how to repair investment properties grow like plants in a garden. Follow my tips and you will be prepared to respond to any problem.

Here is how I learn new skills:

Stick to Experts like Glue

Always be there to help when the handyman or contractors do work on the house. Ask questions. Make mental notes of how things work. For example, every time a technician works on my air conditioner, I am right there on the roof with them, I see how they analyze the problems, I asked them what the different components and parts are called, and I ask how to identify other types of A/C problems. Now I know what to look for, and I can do what he did, if the same problem arises.

Take Community College Classes

Community colleges offer a smorgasbord of useful classes for the fixer-upper investor. I have mostly taken classes in electrical wiring, but done some plumbing and woodwork too. The classes are at night to accommodate working persons schedules. No snoozing at the back of class during boring lectures because the classes are focused on hand-on learning.

Start a Library

Take to heart the old saying “A house without a library is like a body without a soul.” I own least 100 books related to real estate buying, selling, repair, taxes, and tenant management, as well as several how-to videos. Every time I am at a book sale, I always cruise the aisle with the real estate books and the aisle with the house repair books.

I have more house repair books than any other kind of book. Before I start a new project, I consult a book to show how the professionals demonstrate how to do it. During a project, when I get stuck, I refer to a book to find the answer to my problem.

Sometimes, when I’m not working on a project, I like to browse though my repair books to get ideas for the future.

Ask Help at Hardware Stores

I have always had better luck getting answers to my questions at smaller hardware stores, like ACE, rather than at the big box stores, like Home Depot. When I was learning to lay carpet, I got some good advise on how to secure the carpet to the floor from a sales person. The people who work there generally seem to have the hands-on experience to offer useful advice.

Internet

This is an area that I often overlook, yet it is potentially the most useful tool to find repair information.

To find out how answers to repair problems, I just type in what it is that I want to do on Google. For example, “I want to change a washer on a kitchen faucet”. Usually several good links pop up that offer solutions to my problem.

When you need help repairing your fixer-upper houses, don’t get frustrated, get prepared!

CNBC Investing – News on Business

CNBC investing could be interpreted in many ways; it could be that you are involved in trading using CNBC stocks. Well, it is a media entity and you are probably investing your time watching their updates from time to time relative to your business because it is naturally a business oriented news media. Having CNBC investing is a having a guide at which you will be making a decision in your business. CNBC investing almost covers all business entities around the world.

Source for Business Information

The network is a good source on a daily basis on business, they are very informative and you could have smart decisions using their guidance and publications. They are not biased that is why they are entrusted to inform business enthusiast ahead of time the things or scenarios on a particular country where status of that countries stocks are known and the trending of their markets. CNBC investing is purely of business concerns, with less of the other side of the news being of second priority as their slogan would say “first in world business”. Practically CNBC investing is a good source of business news.

People who gets bored with watching business news are people who do not have much concern about business, they may even say it’s none of their business where in fact, business news is suppose to be everybody’s business. Just take a look at what happened to the economy the recent years, the business community went down and it dragged a lot of people affected much of the living conditions. A lot of people didn’t saw that coming, not even some of the speculators in the stock market. A lot of businesses needed to close down, mass lay-offs of various companies took effect it was one of the worst conditions experienced not just in the business world but the whole country and eventually the whole world particularly economies that are tied with the economy of the United States.

Our Involvement

Now, what can we do to contribute to the development of the economy, this would rather be something that many people would say “leave it to the economists” but we are actually a part of it. This does not suggest that you watch CNBC investing news regularly or any other news media pertaining to business. What I am trying to tell you is that we can contribute by spending on what we need and save more for tomorrow; if you can think of something that you can earn from aside from employment, the better. There are times when your country would need you more than you need it, the successes of the individual in a country is also its success, it will not have many money if you don’t patronize what it offers. And how can you buy if you have nothing? Do you have to rely on your country to give you something all the time, think out of the box and improvise on how you would earn more than what employment can offer, CNBC investing may help.

5 Tips to Find Home Builders That Are Worth Investing

When planning to build your dream home, one of the first consideration is working with a qualified and experienced contractor. Choosing a home builder may be one of the most important decisions of the building process. Basically, there are three most popular types – the high-end custom home builder, the production builder, and the small builder. The trick lies in identifying which one is the perfect match for your requirements.

Here are a few tips designed to help you find best contractors to build your dream home:

1. Plan in Advance: To get the results of your choice, planning beforehand and knowing what exactly you want may help a lot. It may also involve deciding on whether you need a specialist or just a general contractor. This will also help you communicate with your builder in the best possible way as you know your requirements as well as limitations. Also planning on what services you expect from your builder such as the warranty period, record of dealings, and post delivery services can help getting the best results.

2. Research for Reputed Firms: Once you are aware of what exactly you want, you may consider going through the newspapers, journals, advertisements and online portals for more information. Searching for reliable home building companies through surfing online and registering for electronic messages can be of great help. You may also consider visiting seminars and home shows to get to know about some experienced as well as new home builders.

3. Ask Questions: After finalizing on certain home builders, assessing them to make sure they meet your specific needs can prove very beneficial. In order to assess them, you may consider asking a few questions such as how many years have they been in business, are they licensed and insured, what unique features they offer, can they custom build or change current designs, what type of material they use, how long the entire process will take and prices etc.

4. Do A Quality Check: Looking beyond the photographs and checking the quality of materials can help you make sure that it is worth investing. This may also require both research and site visits to have a clear idea whether or not the home builder holds a good previous record. You may also consider showing interest for any awards or recognition the company has got for providing outstanding quality to its clients.

5. Be Specific: Having things finished on time and within budget sometimes requires you to be specific. Keeping everything clear with your builder and having the structural calculations done by an experienced engineer can prove beneficial. Keeping an eye on who is going to supply the things like hardware, faucets, tiles, and other accessories, is good for your project. Being specific regarding what you need and how you want things to be done helps in long run.

Last but not the least, take the time to do your homework when it comes to choosing a home builder as every extra second spent will pay off in the long run.