Government Bailouts: Can They Be Really Beneficial?

Lots of people contemplate if it is ultimately a advantageous issue for the country once the government gets entangled via the corporate plus private sector with an effort to control our economic system. It often seems like the more this economy looks like it’s fragile (thought of by many people the end result of the government’s very own profligate spending habits) that it would like to check that it acquired control of the economy, and that it may think a bailout the way to get control. Still, is this the best way? Might it not be far better for the government to pay attention to the reason for these sorts of issues (the nation’s debt), in its place?

When the government utilizes its ability to intercede within the internal operation plus content in the free sector, important things go awry. For an instance of this particular messy cause as well as result type of results, see this here. If the authorities made a decision to bail out the car business, all it did was to level the current playing flooring as far as its opponents went. It could not really do anything to help remedy the genuine reason for the situation, the reality that the car industry’s vehicles simply were not selling with the exact same level associated with popularity as were being its rivals. Inside a free-market model, this problem might have self-corrected, as the manufacturer would likely possibly eventually grown to be much more in touch with the actual expectations of the nation’s buyers, or perhaps it would have gone bankrupt.

Lots of people think it would have really been an unfavorable issue for key suppliers to go broke, however would it really? They probably would have been changed by leaner, better run suppliers whom were in a position to present the population the sort of automobile it was buying somewhere else. Just about all the federal government actually has to provide regarding these situations is usually cash – it’s got no intelligence able to prepare the designers with the understanding of what they all should be undertaking. Letting a niche to suffer the outcomes regarding its very own decisions, whether positive or negative, is actually ultimately going to be as helpful for the nation in general as it is going to be any time parents offer their young children this particular identical liberty and esteem. Rescuing somebody financially is virtually always eventually a bad selection.

Big Advantages of Seller Financing in Today’s Real Estate Market

The last home I sold was on the market for less than two weeks! I put up a sign that says “For Sale by Owner / Will Finance Low Down / Low Monthly / No Banks! Call XXX-XXX-XXXX……….. This home was sold to a young family that was still living with parents in that very same neighborhood. They had a child on the way and needed a place of their own. They noticed the sign walking around the neighborhood, called, I set-up a showing and negotiated terms with the kids and parents. The parents even co-signed the note!!!! This is one deal, I plan on getting paid on once a month, for a long time to come:)- Today you need as many tools in your arsenal as possible. The creative use of Seller Financing is certain to make you stand above the crowd..

1.) The first advantage of seller financing is the speed in which you can move properties. It is tougher than it has been in years to get conventional financing on real estate. Seller financing eliminates the barriers presented by the conventional lending market. Offering to finance the purchase of your property opens up the possibilities of purchasing to a larger group of potential buyers. Since you are in control over the process, there is no “red tape” associated with bank loans. More potential buyers and less hassle equates to about a 20% quicker closing time verses properties requiring conventional financing. Speed and control, I like that! Current lending guidelines don’t apply since you are making the rules, you choose who to work with. This provides much greater flexibility, allowing the transaction to actually happen, because you as the seller make the decision regarding what it takes to qualify to purchase your property. The down payment, credit, debt to income requirements and other underwriting guidelines are up to you.

2.) When offering Seller Financing there is little back and forth over the price of the property. Since you are offering terms, you are making it easier for more buyers to qualify. I use this to create competition among the potential buyers and usually choose the one with the highest down payment and that can demonstrate the best ability to make the payments, and take care of the property. As long as you price your property in line with what an appraisal will be, there is simply no reason to negotiate the sale price. Negotiate the terms instead!

3.) For non Dealers: The use of seller financing and an installment sale can off-set potential capital gains as a result of your sale. Refer to IRS Publication 537, Form 6252 and speak to a qualified tax professional for further details.

4.) When you sell a property using seller financing you end up with a Promissory Note which is a Secured Asset that provides Interest Income. As mentioned at the beginning of this article, I did one deal and plan on getting paid once a month for that deal, for a long time to come! From now on the toughest job I will have in regards to that property should only be to cash the payment check that comes in the mail box each month. Should the buyer fail to pay or default on the note, the note holder has the right to take the property back and re sell it to another buyer….

5.) A Promissory Note secured by real estate is a Liquid Asset that can be sold for cash should the need arise. Over time many note holders elect to sell their notes into the secondary market verses collecting small monthly payments over time. The choice is yours, sit back and collect payments every month or sell those payments for a lump sum of cash now!

Please note that laws and the process of Seller Financing are different from state to state. We recommend that you consult with qualified real estate, tax and legal professionals and closing with an attorney or title company. Don’t let your solution today be your heartache tomorrow!

Finance Articles – Tips on Where to Get Them

When you deal with money and the various aspects that are concerned with it, then you are basically describing what finance is. There are many branches and disciplines that are all included in finances that few people understand. Since this is so, many people nowadays are always on the look out for information that can help improve their overall understanding of finances. There are many sources of information from books to magazines to the Internet. The Internet has opened doors for many people to conduct business and even gather information to help improve their financial situation in general.

There are two categories that finance articles can be found. There are those that are discussion based and deal with current financial issues and services. Then there is the category that provides proper descriptions of the difficult financial terms and target individuals who carry out research for educational purposes. There is a wide variety of articles that have been submitted that can give you advice on the various subjects on finance.

The information that you find in these articles contain information ranging from new offers, banking information, loans, payments and much more. You will find a lot of information on every topic that has to do with finance. You can get access to some of them for free or you may pay for others. The writers of these articles have to have thorough knowledge and have done adequate research on the topic.

It is also essential for the writer to use clear and easily comprehensible language. This is because some of the terminologies used to describe the topics can be complex. You can also get finance articles in the dailies or finance magazines. This could be from readers who inquire about a specific financial situation and they get answers from qualified experts. This will help other readers in similar situations have a clue on the way to handle their issues.

A Look at Finance Directors

In this article in our series of finance job profiles we will be looking at the role of a Finance Director. Finance Directors are seen as being the most influential when it comes to making finance decisions within a business or organisation. This role is a very important part of the finance function and you will be in charge of how the company performs by creating and managing budgets.

Due to the importance of the role you will be expected to liaise with all departments within the business helping them manage the budgets you have set them and working closely with the CEO to improve profitability.

Like most job positions, the type and size of a business will determine your exact duties. For larger companies, a Finance Director will be involved in more strategic decisions and analysis and if the company is of considerable size they may employ Finance Directors for just one department or decision. For smaller businesses, there will probably be less people in the department, so your role will be more hands on with the running of accounts.

General activities that the job will be involved in include, creating budgets and making sure they are adhered to, managing people within their team, creating accounts, future planning, analysing competitors, monitoring performance and cash flow and general financial advice within departments.

Top level jobs like this role will involve plenty of meetings, working between offices and putting in extra hours where needed. The skills a recruiter would be looking for in a candidate for a Finance Director include, strong experience in that sector, good business and finance knowledge, good people skills, high maths skills, an analytical nature, good at problem solving, good decision making and good management skills.

Individuals wanting to make it to Finance Director will have to work their way up as it is such a senior role and will require plenty of experience in the finance and accountancy sector.

Moving on from Finance Director roles can lead to more general management roles either within the finance world or in other sectors. Many move on to start up their own business and some even become Chief Executives of the companies they work for.

Finding the Right Financing to Build Your Own Home

One of the biggest hurdles can be getting the financing you need to fund the construction of your new home. With private mortgage brokerage firms, you will get accredited mortgage specialists who have experience dealing with things like land acquisition, financing, and the building process. They can also help you create an allocation schedule for your money to make sure you get the most of your financing. Independent firms can get you loans for every stage of your dream home’s construction, including for:

Land financing to purchase the property or lot
Paying appraiser, inspector, and lawyer’s fees
Buying insurance
Paying contractors, architects, and landscapers
Purchasing materials

And if you find the right brokerage firms, they will likely even be able to arrange the necessary appointments with lawyers, inspectors, and appraisers, and can get you the professional advice you require to help you finance and follow through with the construction.

Financing Options for Your Dream Home or Vacation House

Independent brokerage firms are often partnered with large networks of private lenders who are willing to finance less conventional mortgages than traditional lending institutions and banks. These firms offer a large array of mortgage products, like:

Bridge financing
Interest-only payments
Stand alone mortgages
Non-traditional loans
Construction financing

And sometimes, these firms have mortgage professionals who are specialists in the complex procedures of land development and home construction. Some firms even have entire departments dedicated to this type of financing, so make sure you look into whether the brokerage you choose has such experts, and if they will offer you free consultations to discuss your options. And since they have been through the process with other clients, they will be able to walk you through the entire procedure as your dream home or vacation house is built from the ground up.

Financing for Land and Rebuilding Projects

If you are going to be building your new home on raw land, there are programs available that will provide you with the financing to develop the land and prepare it for construction. You can also get this type of loan in conjunction with construction financing, which provides you with a wide assortment of term mortgages.

There is also funding available if you are rebuilding or expanding your existing home, so talk to a mortgage specialist who can ensure you get all the financing you need to build or rebuild your dream or vacation home.

Top 5 Ways to Kill Your Chances of Getting Business Financing

As I’m working on various financing engagements, I’ve noticed a trend of behaviors and am using this avenue as a therapeutic sounding board. This article is dual fold. It’s a chance for me to rant and get some things off my chest while providing constructive feedback to you as to what NOT to do when searching for business financing.

There are ways to present yourself and ways NOT to present yourself. Today, I’m going to focus on my top 5 ways to kill your financing chances in hopes that you can avoid them.

1) Not Answering Questions Completely or Honestly – Nothing will ruin your credibility faster than being evasive with your answers; or worse, not being truthful. If you’re hiding information that is later caught, it makes me wonder what else you’re hiding. Your credibility is shot. Some people want to put a rosy face on a less than ideal situation…well don’t. In order to find you the best financing for your business, it’s important to disclose the good, the bad and the ugly. No business is perfect and these flaws WILL come out in underwriting. So be upfront…show everything, warts and all.

2) Not Following Through on Your Commitments – If you commit to providing information by a certain date, call back at a specific time, or meet at a certain time, etc. and don’t follow through as promised, you’re viewed as undependable and unprofessional…and nobody wants to deal with that. Say what you mean and mean what you say. If you follow through on your commitments, your clout goes up dramatically because of all the mediocrity in the world.

3) Radio Silence – If you think being late with your commitments is bad, going underground and ceasing communications is equivalent to you saying that you don’t want your deal done. Aside from a family emergency or something life threatening, I can’t think of any other reasons that are acceptable to just stop communicating. “But I’ve been soooo busy”, you might say. SO WHAT! I’m swamped and put in 14-16 hour days and don’t need or want to hear excuses like that. Please remember to stay in constant contact.

4) Sloppy and Unprofessional – When information presented is sloppy and unprofessional, it shows little care was used when preparing it. Many conclusions can be drawn, whether true or not. Maybe they’re not smart; maybe they don’t care; maybe they’re not serious. Whatever the conclusion, it will not help you get your financing. Make certain to prepare as if you’re providing the financing and ask yourself what you would want to see.

5) Form Over Substance – If you find that funding sources are cutting meetings short or they don’t want to have them at all, chances are you’re providing form and no substance. What’s this? It’s when you talk a good game and it ends there. You might get lucky and schedule a meeting or two, but when they catch on that the magic ends there, so will your meetings. Don’t discuss business philosophy or high-level theory. Have specific, concrete information about your company, why you need financing, how you’ll pay it back, etc.

BONUS: Here is a sixth way to kill your chances to get business financing…

6) Not Saying “I don’t know” – It seems simple but so many time people will stumble their way through trying to answer a question instead of just saying “I don’t know”. We’re all human. It’s OK to say “I don’t know; I’ll have to get back to you with an answer”. Don’t guess, or worse, make something up. Trust with others is always easier to build when you’re honest