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Archive for October, 2009

I once attended a seminor where we were advised that one could use credit cards, loans and other means to get a mortgage and start up on the property development ladder, how does this really work? Unfortunately i am very sceptical about spending €1000 for a 3day course on it. Please comment or share ideas.

One method is to find a fixer-upper that you can buy and renovate using a construction loan. Find a lender that will lend a percentage of the future value based on plans and specs to renovate the property. When the house is complete, simply roll the construction loan into permanent financing if you want to keep the house or put it up for sale to gain a profit which you can then use to buy other property.

as good as it is to receive aid and whatever else that comes with it,aid itself can’t be a solution to africas plight.it’s downside is that it creates a culture of total dependency and destroys initiative.africa has alot of minerals and yet so poor.why is this so?

Slavery
Colonization
Curropt Leaders
Are obvious reason to long to explain but here are the new ones:

UNFAIR TRADE/ Profiting off poverty, After decolonization

Due to the low currencys (leaders bought wepons to keep power from other ethnic groups which Europeans put together from the world bank loans and created debt- low currency) no business interest were favorable making these countries simply dependent on the outside world/ western world. So desperate that they control the prices of what Africa sells. IE London determines the price it buys goods from Africa exports. Since when do you walk in a shop and say how much you are going to buy an item?? Unfair right. But theres no choice as without it they will become even poorer. Profiting from poverty.

MEDIA After decolonization
Other than the debts which some are ending media is a new source of deterring business interest in Africa. By portraying Africa as filled with poverty ridden countries filled with high crime disease poor infrastructure and backwards. This makes people even think twice of going there let alone do business there. As long as the business interest are kept low can Africa keep being dependent on the Western world leaders who simply profit from poverty. They make the rules and all the decisions and play the corrupt African leaders like puppets.

Western world gives these African leaders money which they can keep all to themselves as long as they give the western world what they want either way they have to obied to western world as no one wants to do business in Africa because of what they see so the western world leaders are their only option.

They will not allow a clever person to be a leader of an African country or let them do clever decisions because as long as there is chaos in Africa can they keep the negative media resulting in no business and dependency on western world leaders alone!
Oh and middle men of African exports make 1/3 of the whole profits alone. Charities and other things go through the world banks which again the western world controls takes out a percentage for who knows takes a percentage for the debts also then gives the rest to those corrupt leaders so they can make stupid decisions put it in their personal banks or buy more weapons and keep Africa in chaos!

Chaos in Africa= Profitsin the Western World

I only found this out when I went to Africa a few weeks ago its shocking information I wish I could tell you all but it is very long and we are not living in a good world at all its sick how they hide it from our eyes here but they know what is really going on fooling us.

I support Africa getting business interest from China which media again is trying to put Africans themselves off but lucky thing they dont live by western world media and hope Africa- Asia trade will help both create equality in this world.

Western worlds clock is ticking every civilization has its prime and its collapse I just wonder who next the communists, muslims I doubt its Africa you may not know it but this world lives off Africa but will the western world allow it to happen well never know!

coin collecting?

Posted by admin under coin collecting

I was looking at coin values and i noticed that depending on the coin its usually worth more if its made in San Fransico.Does anyone know why this is?

Actually…the mint marks are important…but CC Carson City is the most desirable mint mark. As for "S" mark…less coins are usually minted in San Francisco…look at the total amount of coins struck and usually San Fran is much less then "P" Philadelphia and "D" Denver. Tagger

I have a 1987 US proof set for sale and on Ebay a few mention deep cameo contrast and those sell for a little more. How do I tell if mine are like that?

On a proof the fields are a mirror finish but the design parts such as the busts and eagles may have a cameo look. That is they are white like a cameo broach and look frosted. It used to be the frosted proof sets were the earliest ones from a new die set. With the new systems in use today at the mint most all modern sets are a deep cameo contrast. Look at the coins and see if JFK has a frosted appearance, then the others. If so then they are what should be called frosted cameo proofs.

I am going to buy a rental property for investment (a Condo, in the range of $150,000 to $250,000). I am not familiar with San Jose area. Could any one tell me what are the best neighborhoods and/or which neighborhoods should I avoid in San Jose?

I moved from Almaden Valley in San Jose to Arizona a few months ago. I don’t like California in general. Everything is overpriced and every city is overcrowded.

Almaden Valley in San Jose is expensive comparing to the rest of San Jose and has the best schools, but you will never find condos in that price range.

Don’t buy an investment property somewhere you are not familiar with.

My parents are planning on buying an investment property. They plan on paying cash for this property. So they will not have a mortgage. I will be renting the place from them with 2 other people. If they decide to finance a second property, would they be able to use the rent from both properties to pay the mortgage on the second property?

How and what will they be taxed on?

How does rent to own work when it comes to taxes?

The mortgage lender will look at their income in its entirety to determine whether they can get the loan for the second property, along with all the costs and income they have. Paying cash for the first property will be a good thing wrt this.

Their taxes will be look at the rental property as a separate business for them. Therefore the IRS will look at their income from the rentals and their costs, which include mortgage interest, insurance etc.

I own a house, have stocks, all the cars and toys and my only jewelry is a $75 dive watch I bought 15 years ago. Men’s jewelry seems like a very weird thing to put any importance on.

Well, I don’t have property or investments, but I do have a $700 car that still runs, and I have no jewelry. I don’t like it so I have no interest in jewelry.

I own a house, have stocks, all the cars and toys and my only jewelry is a $75 dive watch I bought 15 years ago. Men’s jewelry seems like a very weird thing to put any importance on.

Well, I don’t have property or investments, but I do have a $700 car that still runs, and I have no jewelry. I don’t like it so I have no interest in jewelry.

prince jewellers and other have introduced various plans to purchase gold at any time in low market rate i.e by paying only minimum amount and rest in installments for period upto 24 months can v trust these gold institutions

Whichever way you buy something, in order for it to be profitable its value must move in the way you predict. Who are EMI and who is buying or selling to whom? Are they making money on the financing method?

My fico scores are above 700. I am 25 and I want to buy my first home, and another property as an investment property. how can I do it at the same time? I plan on getting a "no doc" loan for both. I’m new to the real estate industry, and just looking for a few more answers than the ones I’ve gotten from brokers.

I would beware of anyone advising you that a "no doc" loan is available for investment property. In today’s economic marketplace investment properties are very high risk, requiring more verified down payment, more restrictive debt to income ratios on verified income, additional insurance requirements for "rent loss", post closing reserve requirements and income operating statement/rent comparable addendum’s in addition to the standard appraisal report which adds to your closing costs. In distressed markets lenders may not do investment properties at all. I put a website below that may offer additional information on investment loan purchases.
www.fanniemae.com

But there is nothing that says you can’t purchase both at the same time. Just giving you food for thought, hope it helps and good luck!