Saturday, June 30, 2012

BMW's New 1.5l Three Cylinder Engine

BMW's New 1.5l Three Cylinder Engine

BMW has unveiled a new three cylinder engine in its bid to raise the bar for its rivals. This a 1.5-litre unit which would go with the new front wheel drive models and the 2013 Mini and will be available in petrol and diesel versions. BMW claims it to be 15% more in efficiency than its equivalent of four cylinder, thanks to the BMW's Twin Power Turbo Technology. This technology is already available in various BMW's petrol and diesel engines to decrease carbon emissions and return more economy. This technology works under the bonnet in valve timing and giving and restricting the power just how much and when it is needed. The petrol range returns 120bhp to 200 bhp, giving the torque values between 132lb ft to 198lb ft.

The diesel variant's design is similar to that of the petrol's giving the output of 100 bhp to 180bhp with more than reasonable amount of torque. BMW has set its target to decrease fleet consumption to 25% till 2020, the second stage of its Efficient Dynamics scheme that was launched few years back. The manufacturer is gearing up to launch a new i8 super car, equipped with a more enhanced version of this engine and a hybrid system to achieve more power with extra efficiency. We are hoping, despite being a super car it will be more economical than its rivals and may be even some other saloons.

The engine has attracted many praises when the latest BMW 1 series prototype has been released. The car returns 178bhp and 199lb ft of torque which is astonishing for a 1.5-litre engine. It shifted up to 6500 rpm. The prototype has an eight-speed automatic gearbox and a redesigned electronics and engine mapping that helps in achieving good economy. Another factor in good economical figures is the light weight, without compromising the BMW's trade mark sporty look.

The petrol variant of the 1 series prototype returns an economy of 56mpg, which is amazing for a car producing about 200bhp. The engine gives an active and responsive feel. The petrol and diesel variants of BMW's new engine can be built together, which will help addressing changes in market demand easily. The new family of BMW's Efficient Dynamics engines is the future which is here. The three cylinder engine will be available next year, but id is expected to replace BMW's three, four and six cylinder petrol and diesel engines. BMW has once again proved itself to be leader of innovation in auto mobile industry.

Thursday, June 28, 2012

The Issue Of Car Finance

When buying a new car, a common issue is the way people pay for it. Most use car finance to pay for their vehicles. If you want to make the best deal, you will have to understand car finance and the intricacies of its processes.

When buying a vehicle there are a couple of aspects people think about: whether their future car will be a new one or a used one and where they will get the money from. Regarding the money, problems can be solved by obtaining the car finance from banks, credit unions, dealerships, or auto manufacturers. However, when considering buying an old car, one has to think of the differences between car finance for a new or for a used car and its advantages and disadvantages. People tend to favor new cars. If you are asking yourselves why? then you surely heard some attractive commercials. Most of the unbelievable offers are too good to be true, but they come with extra requirements like high down payments and very high interest rates. For a good deal, negotiation is the only adoptable strategy that will make room for more advantages and less terms and conditions.

Making a loan requires a copy of your credit report and a check of payment histories. The lender will verify every aspect of your financial background in order to give you car finance. Once you have all the paperwork done, gather information, ask the dealers for the best offer and use every detail to bargain.

Pre-Approved loans are better for your car finance because you can find near market rates. Start by looking for a good sub prime lender. Search the Internet, look at closing costs, fees, compare and use the APR number to get the overall cost. This car finance can save you money.

You can also use online loan applications from car finance companies to speed loan processes. Before choosing a car finance company you should compare prices and rates. The dealer will want to make the best for him and choose the appropriate car finance company.

Try not to let yourself be persuaded to buy the dealerships finance pack when you can make a better car finance deal elsewhere. You should calculate your APR and take into account how much the car costs in cash and if you have additional rates. Also see if car finance works for you and if you agree with the down payments and closing payments. Even if it seems complicated, it doesn't have to be if you educate yourself in car finance.

Car finance is a very important part of your credit-related decisions and you should be careful not to take offers that exceed your income. If you end up in a bad deal you will waste your money on unnecessary things and your car finance will lower your budget drastically. If you try to take your car finance from a bank, the disadvantage is that banks take a lot of time to process a loan. The disadvantage in dealership rates is that they cost more overall. You can also try the Internet for online car finance deals, but the offers have to be carefully analyzed before (not to be scams). Some people may even get your car finance information and use it in their own interest. A little research about the online car finance can save you a lot of trouble. However, if you choose online lenders, you will get low interest rates and save time and money.

To obtain the car finance you are looking for, it will take some time to research and find the appropriate solution for you. You have to know exactly what you want and, after that, be careful not to let salespeople convince you into a car finance deal that you don't want. Being familiar with car finance will enable you to go out and get the beast deal for you and your family.

Monday, June 25, 2012

24 Points To Start And Run A Prosperous Animal Therapy Business

Point 1
When considering where you are going to have your premises build sure that you weigh out the cost verses the revenue. If you only have enough to cover the costs of rent for a short time then this will be a problem. Remember that there can be a large cost to fitting out a premise for business.

Point 2
People don't like to be sold to so if you undertake a marketing strategy that involves providing rich information rather than just a sales brochure then customers won't experience pressured. By providing helpful and education material you will bring people onside and towards more sales.

Point 3
Make sure that all you close friends and family are carrying your business cards. In this way you are amplifying your chances of business opportunities. The more people that are spreading about you the word the more chances of getting business you are going to have.

Point 4
Running a Animal Therapy business will require you to have lots of energy so produce sure you have lots of sleep. For an extra boost play some lively music. Music can have an astonishing effect on people's mood.

Point 5
Make sure that when you are coming up with a business name that the web domain is available and that you don't have to execute something like calling it xyzservices.com instead of xyz.com. In many cases people will just recede to the xyz.com site even after they have seen your advertising or articles mentioning your business. Also if you institute it unique sounding such as Google Pixar or Aurazenix then when people Google that they will find all the references to you company and not other unrelated or competitive sites.

Point 6
When dealing with a difficult person it is beneficial to remember that their behaviors are quite often just out of habit and not personally directed at you. It is critical to remember that you need to remain positive and not accumulate worried about what people declare.

Point 7
An inspiring tactic that can be used to build a connection with a possible buyer is to talk about some of your own vulnerabilities. By talking about them in a light hearted way you will find that this will start or strengthen your bond with a person. The bonds of friendship will most likely create a business successful.

Point 8
One of the reasons for having a business plan is that you need to see if your business will work. There is no point starting a business that is definitely going to fail. A plan will highlight why your Animal Therapy business could fail. You then have the choice to accomplish something else or alter the various factors around this like expenditure on marketing strategy.

Point 9
When writing a business plan for your Animal Therapy business, it is essential to remember to consider who is going to read the document. If you need a business plan to secure bank finance you will need detail on expenses and what capital assets the business and you have. If you are writing it as a reference for your self and other partners then you may want to concentrate more detail on the strategy and marketing elements of the document.

Point 10
Many people relate that having a permanent full-time job is security, however, in this age of redundancy and outsourcing you can find yourself out of a job with 10 minutes notice. On the other hand, if you have your own business and it is reasonably successful then it is only over when you choose, to and you can sell it for 5 to 10 times the annual earnings it generates.

Point 11
When you running a PC workstation or laptop for your Animal Therapy business you should found sure you backup your needful business files. Aurazenix can support you set-up a version control system so that you can preserve a version of every change you found your critical business files.

Point 12
There are two major benefits of trying to promote a Animal Therapy business through submitting stories and reports to publications. One it is FREE, free is the best price you can pay for getting clients but it does near at a time cost. The second benefit is that take on some of the trust that the publication has with its readership. This something that you attain not accumulate no matter how expansive the ad is.

Point 13
Voluntary community work that you effect, especially for organizations that accumulate a lot of interest, is a superior way to generate knowledge of your brand. In time you will accumulate business due to what people believe of your personal values.

Point 14
Voluntary community work that you enact, especially for organizations that gather a lot of interest, is a superior way to generate knowledge of your brand. In time you will gather business due to what people mediate of your personal values.

Point 15
If you find your self in an argument with a consumer or possible consumer, consider if it genuinely matters if you are correct. Most of the time you will have nothing to gain, however, a lot to loose. If you deem that you need to win then just question yourself why you need to win and how much you genuinely have to gain, it may change your actions.

Point 16
You need to remember that people like to buy, so if potential consumers trust and like you then they will eventually buy and if the experience is very positive. If they LIKE YOU then they will refer you on to people they know.

Point 17
Make sure that you have a blog and expend it to generate an active relationship with your buyers and their friends. You can hook this in with your FaceBook, MySpace or other social networking accounts for extra publicity.

Point 18
Make sure that you exhaust a firewall, many times they are fragment of your network router. Firewalls can protect you from various computer attacks. Many people have had their PCs taken over and used to send spam.

Point 19
Try to utilize free or cheap content to entice people to switch to your Animal Therapy. If you search hard enough you will find this such as articles, songs and other information based items as their reproduction is either free or cheap. You can give this away for free with your branding.

Point 20
Make sure that you retain your PC in a icy spot and that there is plenty of ventilation around it. If a PC overheats it can lead to permanent damage. There is also a risk of fire especially if you confine it in amongst papers and other flammable materials without any ventilation.

Point 21
At the time of the day when you are most alert, take ten minutes to judge of ways to support your possible purchasers and purchasers. The more support that you can provide them with the stronger they will taste about you and their level of trust in you will grow. It does not matter if it is not directly related to your offering it is still helping them with their life and fabricate you considered as a friend, this comes back as useful advice and business.

Point 22
Make sure that you withhold your business PC workstation or laptop free from games and other distractions. Also be just what sites you visit and how many small utility programs you have loaded. These can greatly tedious down PCs and laptops.

Point 23
If you encounter a overly aggressive person in your Animal Therapy business just wait for them to smooth down. Once they realise that their behaviour has no effect on you then they will just smooth down and gather on with things.

Point 24
To boost your mood create sure that you have a window open and plenty of natural sunlight. A fresh environment can be a real boost to your mood and your purchasers and possible purchasers.

Saturday, June 23, 2012

Cash Advance and Payday Loan: Where to Obtain Them?

Nowadays you might hardly find a place where payday loans and cash advance wouldn't be accessible: they are provided by a lot of institutions in many cities. Owning to such evidence it's indeed vital to search out a respectable issuer that is capable to correspond to your expectations and possibilities. In order not to be caught in a net of dishonorable operations, you have to realize a perfect searching process prior to give preference to a particular payday loan establishment.

Begin looking for the reputation of the payday loan offers on-line. Respectable on-line services always unveil full information concerning the terms of functioning and certification data. Online reviews may be rather useful in identifying whether the organization is reputable or acts with fraudulent intentions.

Asking individuals about their expertise in getting cash advance online is quite useful. People that were formerly engaged in the business might characterize the whole process in details so you could make your own considerations. In case you are capable to spot out someone who has utilized the payday loan services previously with success then you might be certain that they operate honestly.

To say more, ponder over carefully whether the proposal can satisfy your particular expectations. Bring into comparison interests, conditions of reimbursement and extra fees (in case there are) with various companies to make the final decision. Some issuers tend to prescribe high interest rates and short period for reimbursement, the others prescribe more appropriate interests with a bit longer repayment term. To summarize, closing the cash advance contract binds you to realize payment in time, thus scan it attentively to learn all conditions.

The power of cash advance and payday loans uk cannot be overrated or neglected. You can hardly find an individual who would not sense an acute need of cash between pay checks as no service and purchase is issued without cash.

The process of application is sometimes rather tense as the organization makes enquiries about your present and past fiscal condition and also may inquire about the goal of getting cash advance. The good piece of news is that taking a cash advance or payday loan is simpler than ever. Online way of qualification not merely saves your time but as well secures you from meeting with the lender.

Friday, June 22, 2012

Sps-202 Ibmspssmbpdm: Ibm Spss Modeler Business Partner Data Mining Associate Exam

Course Description

In contrast to other IBM Business Analytics IBM certification exams, the IBMSPSSMBPDM: IBM SPSS Modeler Business Partner Data Mining Associate Exam is specially designed to gauge a candidate's knowledge when it comes to completing technical tasks such as SPS-202 configuration and SPS-202 maintenance of the active directory environment. The Windows Server 2008 Active, Director Exam will enable you to earn the amount of credit required towards becoming an MCTS IBM SPS-202 Certified Technology Specialist.

The course which is also commonly IBM Business Analytics referred to as IBM SPS-202 IBMSPSSMBPDM: IBM SPSS Modeler Business Partner Data Mining Associate Exam Exam can also enable you to earn enough credits to sit for MCITP IBM SPS-202 Certified IT Professional (Enterprise Administrator). Excelling in the course enables you to be ready for numerous job positions, for example, technical support specialist, system administrator or Web Services Development for IBM WebSphere App Server V7.0 Exam network administrator. This type of course IBM Business Analytics is suitable for IT students or SPS-202 professionals in other IBM Business Analytics fields who would like to get a job in a complex ICT environment. These types of IT setups are usually found in medium to large businesses .

Course prerequisites

Unlike other 000-371 exams administered by IBM Web Services Development for IBM WebSphere App Server V7.0 Exam, there are no particular conditions for enrolling for the IBM SPS-202 IBMSPSSMBPDM: IBM SPSS Modeler Business Partner Data Mining Associate Exam Exam. Nevertheless, it is highly recommended that you gain at least one year of experience working in an ICT environment. In addition, persons 000-371 registering for IBM SPS-202 Certified Technology Specialist (MCTS) SPS-202 certification course ought to have at least 12 months of Web Services Development for IBM WebSphere App Server V7.0 Exam experience not only in implementing, but managing a network OS in an office environment SPS-202 which comprises of, but not limited to 250 users, three geographical locations and three domain controllers.

IBM SPS-202 Exam Web Services Development for IBM WebSphere App Server V7.0 Exam Expectations

The IBMSPSSMBPDM: IBM SPSS Modeler Business Partner Data Mining Associate Exam is made up of multiple choice questions, build list and reorder, hot area as well as build a tree question. While sitting for the SPS-202 exam, you may realize that some of the IBMSPSSMBPDM: IBM SPSS Modeler Business Partner Data Mining Associate Exam questions 000-371 are adaptive. In addition, you may notice that there are couple of simulation questions tested. In comparison to Web Services Development for IBM WebSphere App Server V7.0 Exam certification exams, you will not come across a case study like queries. In order to excel in the SPS-202 exam, you need to score a minimum of 700 points out of a IBM Business Analytics possible 1000 points. To score at least 700 points, you need to attempt roughly 55 questions in not more than 120 minutes.

Getting Ready for the IBM SPS-202 Exam
Prior to sitting for any SPS-202 examination, you need to prepare in advance to guarantee success. The preparation 000-371 process entails an understanding of the basics, and proper comprehension of the implementation process. Most IBM Business Analytics candidates registering for the 000-371 Web Services Development for IBM WebSphere App Server V7.0 Exam exam often find it challenging trying to collect the proper resources needed to excel in the exam as there are hundreds of study 000-371 IBM Business Analytics materials accessible in the market.

When searching for a study guide to assist you with IBM Business Analytics preparing for the IBM Web Services Development for IBM WebSphere App Server V7.0 Exam SPS-202 Exam, look for a suitable study material which offers candidates with proper awareness of the hypotheses outlined in the exam. In addition, the study material ought to make it easy to understand the information.

Topics Covered

The following are the IBM Business Analytics different types of topics that are covered in the IBMSPSSMBPDM: IBM SPSS Modeler Business Partner Data Mining Associate Exam: Configuring forest and domains IBM Business Analytics, Configure backup and recovery and 000-371 Configuring Additional Active Directory Server Roles.

Tuesday, June 19, 2012

Semi Trucks, Big Rigs And Over The Road Trucks, Special Financing

Semi Trucks, Big Rigs and Over the Road Trucks special financing opportunities are available to the startup and seasoned businesses as this banking crisis continues Never before have we seen so many repo semi trucks available for special acquisition and financing, a lender's nightmare.

Banks are changing their lending requirements every month for new and seasoned businesses. Some have so many repos on their lot, they are trying to negotiate for the customers that are behind on payments not to return their trucks. They are deferring payments and trying to keep their banking business afloat in this tightening credit market All lending Markets are tightening their credit until they see what Congress will do with this liquidity meltdown. Truckers that want to acquire semi trucks, call your brokers, agents, lenders for details.

As of October 1,2008, start up and seasoned businesses have an unique opportunity to acquire an attractive deal for semi trucks, big rigs and over the road trucks. The first option, for the buyer,is to visit their local dealer and find their truck there. This is great place to start and obtain pertinent information that will be used later in the data gathering process. From there, it is recommended searching the internet and its mass volume of data that is available. The potential buyer can visit such sites as truck paper and trucktrader etc to view thousands of listings of trucks available across the United States. He is able to sort and sift through this vast data and should be able to find a truck, in any city and/or state across the U.S, that meets his acquisition requirements. Once he has located a source of trucks available to him, he is able to contact these sellers and negotiate a deal that might be able to meet his needs. Once he is agreed to a price and its particulars, his next hurdle is to find adequate financing in today's complex lending world of this commodity.
Today, the financing arena for semi trucks has become much smaller. Lenders, in the past, that use to finance this niche market have either pulled their portfolio funds out of this area or have modified its' lending requirements. It is not unheard of today that a start up business must commit to a down payment of between 10% - 30% of the acquisition cost of the truck to enter this market. The seasoned business with good credit might be able to get in as little as one payment down plus documents fees but must have either A or B Credit. Other seasoned businesses that don't meet these credit requirements, may be required to put up 10-20% down or either put up additional collateral as their credit scores fall below 600.

Most buyers don't enjoy these tightening financial requirements, are locked out of this market, and will start looking for alternatives that are available due to market conditions. In addition to the market requirements of substantial monies due upfront, the conventional lender has modified his risk/reward factor for the failure and possible repossession of these trucks. Therefore, the rate and/or interest factor that the lender charges has gone up making it a bigger challenge to complete the financing end once the want to be buyer locates his acquisition.... As of October 1, 2008, the last three months, the lending rates have gone higher even though the federal fund rates have gone down.

As the economy has weakened due to market conditions, including diesel gas reaching .00 or more per gallon in certain states in the past months, the route of conventional financing has changed as we know it. The lender has acquired another problem that makes their equation a little more complicated. In the past year as the price of food has gone up, the real estate markets have taken a toll for the worse and other world factors have caused the banks to be more unstable, the trucking industry has become more volatile. As the increase of defaults on the payments of over the road trucks, semis etc have risen to all time highs, the lenders have been taking back these trucks by the droves that are earmarked as repossessions. This has caused a problem with normal lending practices and trying to balance it with a non producing income portfolio. If these lenders don't act swiftly and prudently, the combination of these two type of portfolios can be devastating to the lenders' bottom line. A third factor to consider is the off lease truck. These trucks are being returned to the lender and they must act accordingly with this third factor.By definition, an off lease semi truck, over the road truck, big rig etc has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repossession is different than an off lease because it has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks back and/and now must recondition these trucks and either sell these trucks or re-lease them.

The lender can either advertise their off lease and repo inventories through their internal sales force, trade journals such as truck paper, truck trader etc or utilize outside professionals such as brokers to move their inventories as quick as possible. Sometimes, as these inventories either sit or whatever reasons aren't moving, the lender will put these items up for auction.At the present time, the lenders have two different types of financing portfolios to consider and must act accordingly.

Normal lending on new business deals still require stringent lending practices based upon the credit markets and the risk/reward factors lenders perceive out there in the financial markets. The second type of portfolio, for the off lease and repos, require possibility a more lenient approach to liquidating their inventories prudently and recreating the income stream for the lenders. This will be discussed below.Today, some of the lenders in the financial market have advertised personal credit qualifications as low as 600, prior bankruptcy rules amended or ignored, and start up businesses welcome. Additionally, the front money to commence a lease can start as low as first payment only to whatever you might able to negotiate. Some of the lenders have application only programs up to 0,000. There are no financial statements,income tax returns or bank statements required. Additionally, some lenders may defer some of payments to get the semi trucks financed.

The buyout clauses on these over the road trucks can range from a .00 buyout to 10% to 20%, Trac leases to possible fair market value buyouts. One should understand these clauses because they have an impact on the passing of title.These favorable financial arrangements by the lender has stimulated the buyers wants and needs to either enter the trucking industry as an owner operator and/or possibility an expansion of a existing business. First Time buyers, whom were locked out of this market in the past, now has an unique opportunity to earn more revenue by acquiring a truck for himself. A ,000 over the road truck might require as little as 00 down to commence the financial obligation. Other lenders that might have required up to 30% down in the past might accept as little as 10% to acquire one of their repos and/or off leases.....Additionally, some lenders may offer favorable monthly payment terms vs standard lending to acquire their off lease and repos vs. the buyer looking to acquire a truck at a dealership..

For this article, potential deals for over the road trucks, semi trucks and big rigs for the customers relate to the following manufacturers: Petebilt, Mack, Kenworth, International, Freightliner, and Volvo.

In conclusion, this is a buyer's market for semi trucks, big rigs and over the road trucks. One should evaluate all the factors relating to this acquisition including gas costs, air emissions, environmental type requirements.,buyout clauses acquisition costs and its related financing. Additionally, there are two distinct financing markets out there, one for the normal acquisition from the dealership and the possibility of acquiring a repo and off lease from a lender at favorable market and financing terms. As always it is advisable, if possible, to locate financing prior to truck shopping, it could save a lot of time and stress.

www.jaguarequipmentleasing.com/Dealer-Financing.htm

Monday, June 18, 2012

A Real Estate Millionaire by Dean Graziosi

In his new book Dean Graziosi teaches homeowners and real estate investor's a like how to succeed in real estate investing. From buying homes to hold and house flipping, to finding fixer upper homes and tax sale properties, Dean teaches people to buy, sell, rent and flip real estate properties in a manner that is win-win for all parties involved. It's a refreshing look at how anyone can make money in real estate within their local market while also helping strapped homeowners out of their predicaments.

"Be A Real Estate Millionaire: Secret Strategies For Lifetime Wealth Today" gives you a real estate investing education that is timely, because his book release and the skyrocketing home foreclosure rate have all converged in what might be considered the perfect storm. While many people are running for cover from forclosure, the folks that want to know how to make money in real estate are running for the Dean Graziosi book. People want to know the ways to make money in real estate that Dean has taught for over 20 years to novice real estate investors all across the United States.

The book has twenty easy to digest chapters broken up into three parts.

PART 1 Making a Fortune In Real Estate.

Ok, raise your hand if you don't like that title. In this part (6 Chapters total) Dean demystifies the process of how the realestate market works from an investing point of view. You'll leave this section some 80 pages later knowing exactly what you need to get started with real estate investments. His emphasis on identifying and learning about your local market is written clearly, with examples and stories to illustrate.

PART 2: Building a Foundation for Success.

Even though you may understand the real estate market, your knowledge is useless if personal mental blocks delay you in taking action. Dean helps his readers (and students) move past these hurdles by sharing stories that are as real as if you were standing there when it happened. He starts with getting your finances in order and closes this section by laying out precisely how to make your goals a reality.

PART 3: Creating Real Estate Wealth.

In this final section, Dean combines everything you've learned in the first two sections about making money in real estate, with his win-win real estate strategy. At its core is the principle that if you understand the cycles of real estate, you can apply the perfect strategy to reap maximum profits in any real estate market.

Here's an excerpt from Chapter 20: Starting Your First Deal Now

I had a lot of goals in writing this book, but my most important goal was to teach you as much as I could about the many resources that can help you make a fortune, just by learning to think of it differently.

After you identify the current real estate cycle, you can find the right property at the right price using the right strategy. You may borrow money from a bank, friends, the seller, or a mixture of many of the creative financing opportunities you've learned. You can start with a lot of money or nothing at all. What is most important is to just get started.

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Reno Sparks properties is the value of choosing the best place on earth with all his life a pleasant and progressive.Reno Sparks Real Estate offers a wealth of sales and rentals in the Reno-line and fined all the support services and answer questions about real estate.Best of the negotiations and offers are provided in order to obtain a favorable settlement with the utmost satisfaction.

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Saturday, June 16, 2012

Semi Trucks, Big Rigs And Over The Road Trucks, Special Financing

Semi Trucks, Big Rigs and Over the Road Trucks special financing opportunities are available to the startup and seasoned businesses as this banking crisis continues Never before have we seen so many repo semi trucks available for special acquisition and financing, a lender's nightmare.

Banks are changing their lending requirements every month for new and seasoned businesses. Some have so many repos on their lot, they are trying to negotiate for the customers that are behind on payments not to return their trucks. They are deferring payments and trying to keep their banking business afloat in this tightening credit market All lending Markets are tightening their credit until they see what Congress will do with this liquidity meltdown. Truckers that want to acquire semi trucks, call your brokers, agents, lenders for details.

As of October 1,2008, start up and seasoned businesses have an unique opportunity to acquire an attractive deal for semi trucks, big rigs and over the road trucks. The first option, for the buyer,is to visit their local dealer and find their truck there. This is great place to start and obtain pertinent information that will be used later in the data gathering process. From there, it is recommended searching the internet and its mass volume of data that is available. The potential buyer can visit such sites as truck paper and trucktrader etc to view thousands of listings of trucks available across the United States. He is able to sort and sift through this vast data and should be able to find a truck, in any city and/or state across the U.S, that meets his acquisition requirements. Once he has located a source of trucks available to him, he is able to contact these sellers and negotiate a deal that might be able to meet his needs. Once he is agreed to a price and its particulars, his next hurdle is to find adequate financing in today's complex lending world of this commodity.
Today, the financing arena for semi trucks has become much smaller. Lenders, in the past, that use to finance this niche market have either pulled their portfolio funds out of this area or have modified its' lending requirements. It is not unheard of today that a start up business must commit to a down payment of between 10% - 30% of the acquisition cost of the truck to enter this market. The seasoned business with good credit might be able to get in as little as one payment down plus documents fees but must have either A or B Credit. Other seasoned businesses that don't meet these credit requirements, may be required to put up 10-20% down or either put up additional collateral as their credit scores fall below 600.

Most buyers don't enjoy these tightening financial requirements, are locked out of this market, and will start looking for alternatives that are available due to market conditions. In addition to the market requirements of substantial monies due upfront, the conventional lender has modified his risk/reward factor for the failure and possible repossession of these trucks. Therefore, the rate and/or interest factor that the lender charges has gone up making it a bigger challenge to complete the financing end once the want to be buyer locates his acquisition.... As of October 1, 2008, the last three months, the lending rates have gone higher even though the federal fund rates have gone down.

As the economy has weakened due to market conditions, including diesel gas reaching .00 or more per gallon in certain states in the past months, the route of conventional financing has changed as we know it. The lender has acquired another problem that makes their equation a little more complicated. In the past year as the price of food has gone up, the real estate markets have taken a toll for the worse and other world factors have caused the banks to be more unstable, the trucking industry has become more volatile. As the increase of defaults on the payments of over the road trucks, semis etc have risen to all time highs, the lenders have been taking back these trucks by the droves that are earmarked as repossessions. This has caused a problem with normal lending practices and trying to balance it with a non producing income portfolio. If these lenders don't act swiftly and prudently, the combination of these two type of portfolios can be devastating to the lenders' bottom line. A third factor to consider is the off lease truck. These trucks are being returned to the lender and they must act accordingly with this third factor.By definition, an off lease semi truck, over the road truck, big rig etc has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repossession is different than an off lease because it has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks back and/and now must recondition these trucks and either sell these trucks or re-lease them.

The lender can either advertise their off lease and repo inventories through their internal sales force, trade journals such as truck paper, truck trader etc or utilize outside professionals such as brokers to move their inventories as quick as possible. Sometimes, as these inventories either sit or whatever reasons aren't moving, the lender will put these items up for auction.At the present time, the lenders have two different types of financing portfolios to consider and must act accordingly.

Normal lending on new business deals still require stringent lending practices based upon the credit markets and the risk/reward factors lenders perceive out there in the financial markets. The second type of portfolio, for the off lease and repos, require possibility a more lenient approach to liquidating their inventories prudently and recreating the income stream for the lenders. This will be discussed below.Today, some of the lenders in the financial market have advertised personal credit qualifications as low as 600, prior bankruptcy rules amended or ignored, and start up businesses welcome. Additionally, the front money to commence a lease can start as low as first payment only to whatever you might able to negotiate. Some of the lenders have application only programs up to 0,000. There are no financial statements,income tax returns or bank statements required. Additionally, some lenders may defer some of payments to get the semi trucks financed.

The buyout clauses on these over the road trucks can range from a .00 buyout to 10% to 20%, Trac leases to possible fair market value buyouts. One should understand these clauses because they have an impact on the passing of title.These favorable financial arrangements by the lender has stimulated the buyers wants and needs to either enter the trucking industry as an owner operator and/or possibility an expansion of a existing business. First Time buyers, whom were locked out of this market in the past, now has an unique opportunity to earn more revenue by acquiring a truck for himself. A ,000 over the road truck might require as little as 00 down to commence the financial obligation. Other lenders that might have required up to 30% down in the past might accept as little as 10% to acquire one of their repos and/or off leases.....Additionally, some lenders may offer favorable monthly payment terms vs standard lending to acquire their off lease and repos vs. the buyer looking to acquire a truck at a dealership..

For this article, potential deals for over the road trucks, semi trucks and big rigs for the customers relate to the following manufacturers: Petebilt, Mack, Kenworth, International, Freightliner, and Volvo.

In conclusion, this is a buyer's market for semi trucks, big rigs and over the road trucks. One should evaluate all the factors relating to this acquisition including gas costs, air emissions, environmental type requirements.,buyout clauses acquisition costs and its related financing. Additionally, there are two distinct financing markets out there, one for the normal acquisition from the dealership and the possibility of acquiring a repo and off lease from a lender at favorable market and financing terms. As always it is advisable, if possible, to locate financing prior to truck shopping, it could save a lot of time and stress.

www.jaguarequipmentleasing.com/Dealer-Financing.htm

Friday, June 15, 2012

Sms Jokes And Humor To Forget The Stress Of Life.

Humor is essential part of life, including work life and a very important in our conversation. The sense of humor is as necessary for keeping your outlook healthy and for growing strong relationship. Everyone enjoys the company of person who can deliver humor well. Humor is much deeper than laughter. Without humor our life would be very colorless and becomes dull and monotonous. The use of humor in our daily life brightens our day and may also make strides our mental and physical health.

Humor affects us in our daily life. Whether you are working in big company or small company, whether you are in marketing department, finance department or accounts department, you probably come across a person who is very funny in nature and enlighten your day with his humorous nature. He spread the humor and joy with his funny sayings and jokes and makes you feel happy. If these humorous persons are not there with us, our life would become very boring.

What are SMS Jokes? SMS Jokes are sweet, funny and short messages that are particularly used for sending to your friends via SMS text messages. You need to master the art of text Jokes if you use text messaging as your operations in your daily life.

Sending SMS Jokes is a great way spread the humor. In fact, it is the easiest way to makes your friends smile and forget the stress of your daily life. Sharing funny jokes with your mates' cam make the serious moments of life much lighter. Reading and sending sms Jokes helps you access laughter and joy within you and it helps you relieves the tension and embarrassment by adding some fun and humor to it.

There are thousand of websites on internet where you can read thousand of SMS Jokes. The jokes in these websites all well places in different categories e.g. funny sms jokes, Hindi sms jokes, flirt sms jokes, funny sayings jokes etc. so that you can easily access them. When using SMS Jokes, it is important to choose the sms which doesn't make angry to the receiver of sms. You should choose the sms which should not be very rude or dirty, choose one according to taste and nature of receiving person.

Hence, SMS Jokes are great way to interact with your friends. They help you keep smile on your face as well as your friend's face and let you forget the stress of daily life.

Tuesday, June 12, 2012

Loans for Small Businesses: Five Tips on How to Get Loans for Small Businesses

Every business needs cash and loans for small businesses can be one of the ways to get that cash. Here are a five tips to make the process a little easier and less painful.

1. Start thinking about a loan for your small business now, don't wait until the last minute. Plan ahead. Forecast a cash flow statement for the upcoming six months and revise it at the end of every month. If it looks like you'll need a cash infusion three months down the road, start applying for the loan now and you won't run into a cash crunch.

2. Get your financial records for your business in order even if you don't need a small business loan right now. Lenders of loans for small businesses will want to see your basic financial statements: accounts receivable, accounts payable, revenues and profits and loss statements. If you keep these records organized it won't be a huge undertaking to get them together for the loan officer.

3. Establish some credit for your business immediately. The credit can simply be a store account, delivery service account or even a business credit card. Use the credit and make prompt payments. After six months or so you will have established a track record. lenders will look at your firm as a reliable loan risk.

4. Establish a relationship with a bank that offers small business loans. Open a company checking account. After a few months see if the bank will offer overdraft protection for your account. It's a small step in the right direction towards getting a loan.

5. Demonstrate that you can pay back the small business loan. Lenders look at a number of variables including: the risk of the principle of the loan and if your business can pay the interest. They also look at your personal credit worthiness. Your firm should generate enough cash to pay back both the interest and the principle. In some cases you will have to personally guarantee the loan, especially if it's the first loan for your company.

If you follow these tips you should be able to get a loan for a small business without a problem.

Be prepared
Don't wait until the last minute
Establish credit now
Establish a banking relationship before you need a loan
Show your business is a worthy credit risk.

Establishing credit for your company with a small business loan is a smart move.

Friday, June 8, 2012

$30,000 Personal Loans For People With Bad Credit: Is It Just A Myth?

It is forgivable to believe that large loans are available to those who have particularly low credit scores, but such negativity is not well founded. Offering ,000 personal loans for people with bad credit, for example, might seem a crazy idea - but they are no myth.

From the point of view of the borrower, securing approval fast is always going to be a challenge when credit ratings are low. However, through some creative thinking it is possible to provide the insurance lenders need. It may require the help of a cosigner, or the gradual improvement of credit scores, but it is possible.

What is more, the range of personal loan types available online means the right loan deal, with the most affordable interest rates, does exist.

Collateral or Cosigner

The reality is that lenders who provide ,000 personal loans for people with bad credit scores are taking a risk, though it is generally accepted that a low score today is not as accurate an evaluation as it once was. Nevertheless, a loan of such size is not going to be granted without some level of assurance.

There are two ways to provide that assurance, and in doing so help in securing approval fast. The first is collateral, which means volunteering property of value as a form of compensation should repayments be defaulted on. The problem with this option is firstly finding something that matches the value of the loan, and secondly accepting the risk of losing it for good.

The second option is to find a cosigner, someone willing to accept the responsibility of making repayments should the borrower be unable to. This is often an ideal option when offering security for a personal loan. Firstly, the cosigner only needs to make a payment when it is necessary, and secondly, there is no property at risk.

Terms for a Cosigner

Of course, there are considerations when choosing a cosigner, not least the willingness of the individual to accept the responsibility. Their role is to support the borrower as backup, to strengthen an application for a ,000 personal loan for people with bad credit, not to take on the loan completely.

For the lender, the financial stability of the cosigner is key. For any borrower, securing approval fast is possible only if the lender has no reservations. Lenders need to know that the guarantor can deliver on their promise and so income and existing debt-to-income ratio are important.

Even if a cosigner has a monthly income of ,000, there is no guarantee they can handle the repayment responsibilities of a large personal loan. If their existing monthly obligations are ,000, that leaves ,000 free for additional debt cover. But the 40:60 debt-to-income ratio means a maximum repayment of 0 is possible.

Finding a Lender

The principal factor in any loan application is whether or not the repayments are affordable. With regards a ,000 personal loan for people with bad credit, it is generally expected that this is not the case. However, what decides the issue is the term of the loan and the interest rate charged.

Monthly repayments on ,000 over 5 years could be as large as 0, but if the term is longer, then repayments will be lower. The total paid in interest will be much higher, but the repayment is clearly more affordable. So, securing approval fast is more likely.

The best place to find such flexibility in loan terms is on the Internet, where online lenders offer personal loans specially designed for borrowers with low credit ratings. Spending time searching online could prove rewarding.

Unemployed 18 year old loans jobless people in UK

There are lots of people who have to meet numerous difficulties during the time when they are out of source of stable income. Keeping in view lenders have come forward with an advanced scheme of obtaining loan. This scheme of availing cash is known as unemployed 18 year old loans for those people who have to struggle because of not having job. Now they can get rid off their fiscal troubles and meet the expenses with the help of unemployed 18 Year Old loans. These loans are helpful loans for the unemployed people as they provide instant cash. If you are also one those who face unemployment problem, don't get troubled because you can make the best of these loans.

Unemployed 18 years old loans have been launched for unemployed people who don't have source of income and are not able even to place any valuable asset as collateral to obtain any loan. As there is no collateral pledging so, unemployed people can easily avail it and solve their troubles. These loans are short term loans unsecured in nature. The method of availing the loan is very easy and flexible and the service of providing loan is opened 24 hours so, you can apply anytime.

Bad creditors are also acceptable for unemployed 18 year old loans and this way they can have a chance to enhance their credit score by making repayment on time. So, if you are in need of cash, just apply for unemployed loans and get cash easily. To get the loan you will have to fill out a simple online application form with all required details. As soon as your loan form is approved by lending company, your loan amount will be transferred to your bank account on the same day of applying. The loan title implies to apply for the loan you must be minimum 18 years of the age, you must have an active checking bank account at least six months old for the direct transaction of loan amount and you must be the citizen of UK.

By way of these loans; to be employed is possible for one and all because fast personal loans for unemployed are obtained in two forms secured and unsecured. By the help of one of the two; the task as set up new own business, pay for higher education and to seek out new job. This kind of loans are available for those people who are worthy in such criteria for instance "their age is older than 18 years, their residential proof must be past for 6 months, citizenship is of UK and have an active checking account past for 90 days old." Having such criteria, these loans are approved in the least span of time.

Wednesday, June 6, 2012

Subway Franchise Review - One Footlong At A Time

The first Subway franchise was born in 1974 even though founder Fred DeLuca opened his first store 9 years earlier. Today there are currently over 29,000 Subway franchises spanning the globe in over 85 countries. Entrepreneur magazine has ranked Subway the number one franchise 13 out of the last 17 years, so its a rock-solid franchise.

Even with its amazing popularity and tremendous track record, the real question is deciding whether or not owning a Subway franchise is the right choice for you and your family. There's a ton of things you should consider when making this big of a choice, so let's identify what the positives and negatives are.

First of all, the total cost of entry and the total investment to get started ranges anywhere from 1,000 to 5,000. The reason for the big discrepancy depends on whether you're buying an existing franchise or you're having to build one or start one from the ground up. Other costs may include remodeling, leasing equipment, inventory, etc. Typically, the down payment that's required must come from your personal liquid assets and can NOT be borrowed or come from a loan. That fact right there might eliminate some potential franchise owners.

Every Subway franchise pays a royalty fee to the company, specifically 8% of their overall gross sales. This is very important to understand because losing 8% right off the top before you pay for any rent, equipment, inventory, marketing, employees, etc can make a difference in whether or not you're profitable. On the other hand, in exchange for the royalties the franchisee's are rewarded with a strong brand recognition and national advertising campaigns.

As far as sales are concerned, 2800 sandwiches and salads are sold every 60 seconds. This provides a pretty constant flow of customers and expected sales. Potential franchise owners feel comfortable with this knowing that their stores most likely will not be empty. Besides, people have to eat somewhere, right?

On the flip side, you are at the mercy of your store location when owning a Subway franchise. No matter if you are open 24 hours, a location can only serve so many customers and can only make so much money. Obviously the product can not be sold online or in other areas, so actually getting traffic to the store is the only way to make sales. In this regard, the Subway franchise is NOT scalable. An entrepreneur would probably have to own multiple locations to really generate the kind of income they would be looking for in owning a franchise.

Furthermore, to buy a franchise, you must have good credit, have considerable net worth and you have to be approved by the company. Once again, this could potentially eliminate more prospective franchise buyers. In the end, owning a Subway franchise is a solid way to have a great chance of success but keep in mind that to really make it big, you'll probably have to own about 10 or more.

Why Obtaining Home Loans Could Be Wise

Getting a house would be a fundamental need. You would really need a proper house for shelter. It would also be a good place where you can raise your family. You should really find a good house that would be beautiful, comfortable, and durable. Getting a house would mean hefty costs however. You would have to pay for lots, construction, and materials. Buying an existing property would still mean hefty costs. That is why getting home loans would be really helpful. These mortgages can really help people get a house in an affordable way. While many people would think of this as a financial burden, it would actually have many benefits. Learn then what these benefits are.

Having mortgages will really aid people in getting their dream house without really waiting too long. Since houses will cost much, it will take decades before people could save sufficient money for buying a house. Even if one has sufficient savings, they will still need to spend on varied other things, so it will not be great to spend all of one's savings. Through mortgages, one could pay their dream house upfront. Their mortgage lender will deal with payments. Debtors will just need to pay closing costs, down payment, and monthly amortizations. One could already acquire their dream house now through this.

One will get varied options through mortgages. They could come in varied types. They could really find something which will aid them in affording their dream house. One could find varied lenders too. It will include independent lenders, banks, and financial institutions. One will control the varied mortgage details too. One could pick the duration of mortgage, type of interest, and rate of interest.

People would really find this affordable then. A mortgage that can allow affordable monthly payments can be really selected. Living in their dream house can be done and payments can be gradually made. Caution must be exercised however. Lender, interest details, and mortgage type must be carefully selected. Research, comparisons, and computations must be done. Obtaining the appropriate loan for one's needs can then be ensured.

Money can be also kept through this. Most of the savings can be left untouched. When there are emergencies, money can be available then. The future events are still unknown to people. That is why being prepared is a must.

You can also have money left to make other investments. Buying a house would be a form of investment. It would not be wise to place all of your money in one investment. When you get a mortgage, you can still make other good investments.

Through this, less risks would be then obtained. The house would not be your lone asset especially when disasters, accidents, and calamities can strike on it. The risks would be shared with the lender too.

Through the years, value would be also incurred. Through this, equity can be built. As opposed to paying with cash, higher appreciation rate can be achieved.

You should really choose home loans. Getting one can really be beneficial. With this, you can get your house in an affordable, wise, and secure way.

Monday, June 4, 2012

Real Estate Investing

Hard Money Lending is Improving Your Community

Recent troubles in the real estate market have left many homes vacant and often unattended. These vacant or blighted properties cause many problems for local communities. As the level of decay increases the houses become safety and fire hazards, attract criminal activity and vandalism, and lower the property values in the neighborhood. These blighted properties thereby increase the demands for local government services, such as police and fire, as well as code enforcement. Local officials spend a lot of time trying to track down the owners of these properties to enforce building codes, but often to no avail.

Local communities would greatly benefit from a renewed interest in these vacant properties. But with banks cracking down on their lending policies, many real estate investors have become unable to obtain traditional loans through banks, and other financial institutions to purchase and rehab these properties. Many savvy real estate investors however are now turning to hard money lenders to finance their purchase and rehab of these vacant properties.

Hard money lenders assess the value of the property and make a lending decision based on the property's equity. An individual's credit score is much less of a factor in these lending decisions; so many more real estate investors are able to obtain these loans. As more of these properties are purchased and improved, the property value of the entire neighborhood increases.

These hard money loans are short term loans, often with higher interest rates. But for the purpose of purchasing a vacant property, improving the property, then reselling, this type of loan is a perfect fit. The loan can be obtained quickly (much more so than a conventional bank loan), and used to purchase and improve the property, then a quick resale recovers the investment and returns a profit.

With more real estate investors turning to hard money loans, more vacant properties are getting a new life. These properties are being refurbished and sold, bringing new families to these previously blighted areas. With the removal of these "eye sores" in the neighborhood, property values increase, and the drain on local government services are relieved. Overall community vitality is greatly improved by the removal of these blighted properties, and hard money lenders are facilitating this community renewal.

HMBCribs.com
Hard Money Bankers, LLC

Sunday, June 3, 2012

Financially Fit For Life System By Steve Down- A Review

Are you having problems getting rid of your debt during these troubled times?

With the state of the current economy, it is vital for us to understand how to manage our finances properly if we want to avoid being financially troubled. Even if we already have a substantial amount of debt, it is not too late to seek appropriate consultation from reputable debt management services out there.

Today, a huge number of American middle class families are looking for debt relief help because of the inability to service their mortgage payments in time. This has become a major concern for everyone involved as it affects the well being of their family. With so many debt relief programs available, it is rather overwhelming for someone to decide on which program to choose.

Financially Fit For Life System is a financial mastery program by leading financial expert Steve Down that can revolutionize your financial life.The core of the program consists of 7 important steps which are:

Step 1: Wealth Awakening

- Learn that wealth is a choice
- Sign your own personal wealth commitment
- Create your personal "Wealth Vision Statement"

Step 2: Miracle Mind

- Discover wealth creation starts in your heart
- Find out the 10 Passion Killers of Wealth
- Take the Rich Man/Poor Man Checkup

Step 3: Cash Flow For Life

- Find our if you're running on a "financial treadmill"
- Step onto the "scales" for your financial wieh-in

Step 4: Security For Life

- Discover if you're compatible with money
- Learn the "10 Warning Signs" of a "financial coronary"

Step 5: Debt Free For Life

- Take steps to be debt free, including mortgage, in 5 years or less

Step 6: Wealth For Life

-Learn how you can achieve 10X wealth

Step 7: Wealth Transcendence

- Put it all together and live in abundance-financially free

If you are currently having financial difficulties and would like to learn how to manage your finances and become financially independant, I personally recommend this course for you. Steve Down is so confident that you will achieve success through the Financial Fit For Life System that he is giving away his Financially Fit For Life Audio Course for free (no charge and no cost- not even shipping and handling).

The Financially Fit For Life Audio Course can help anyone to quickly and easily erase all their debt, including their mortgage and uncover 0 to 0 a month or more. The techniques are guaranteed to make you financially free in as little as 5 to 7 years by doing simple tasks that only take a few minutes per day to do. All he wants in return is for you to share your success from the course with your family and friends so you can play your part in helping them as well.

Stop being a victim and start taking control of your financial future by making the right decision. The economy may be in a bad state, however, you can use this as leverage to build your wealth and grow financially stronger and never be affected even if a recession comes again in the future. Take this chance and claim your free Financially Fit For Life Audio Course today!

Saturday, June 2, 2012

Non Chlorine Shock for Pool Sanitation

Non chlorine shock treatment is a specialized type of spa and pool maintenance method that's very usable in certain situations. Living in southern California, I've been in and around a lot of hot tubs, and over the years, I've really started to dislike that strong chlorine odor. Not only that, but the more that I study the chemicals in our environment that we're constantly exposing ourselves to, the more I like the idea of safe alternatives like non chlorine shock for pool and spa treatment. This system of treatment uses less chlorine yet still keeps the water sanitized and healthy. But what exactly is non chlorine shock treatment? In technical terms, non chlorine shock is a chemical system treatment that reconfigures the current chlorine in a pool or spa back to its optimal levels. But here's the explanation in plain English.

Chlorine is added to pools and spas in order to sanitize them against bacteria, germs, algae, and other potentially harmful biological organisms? But what happens is that most of the chlorine added to pools and spas go after other things in the environment, things like skin cells, sweat, bugs, dirt, and whatever other foreign particles manage to enter the pool. When the chlorine encounters these foreign particles, it oxidizes them and the byproduct of this reaction is called chloramines, or combined chlorine. These molecules of chloramine exhibit a very powerful chlorine odor and can cause eye and nose irritation. In order to get the chlorine back to correct levels of sanitation, the water must be shocked.

Regular chlorine shock involves added large amounts of chlorine, or super-chlorinating the water in order to break down the chloramines and other foreign material and bring the water back to normal sanitation levels. But many people don't like the idea of adding huge concentrations of chlorine to the water they're going to swim in. I'm one of them. That's where non chlorine shock comes in. Non chlorine shock is a different way of bringing chlorine levels back to optimal levels without having to add more chlorine.

Now that you've learned about what non chlorine shock is, let's talk a little bit about non chlorine sanitation methods for your pool or spa. These methods will not completely eliminate your need for chlorine use, but they will definitely decrease it greatly. The first method that's gaining a lot of popularity is hydrogen peroxide sanitation. This method alone is really only considered suitable for hot tubs because of the very large amount of hydrogen peroxide that is needed in order to keep optimal levels of water safety and sanitation. However, when used in cooperation with an ozone generator, a market improvement occurs in water quality, and the need for large amounts of hydrogen peroxide is limited.

An ozone generator is also great in conjunction with another with another natural sanitation method known as mineral sanitation. Mineral sanitation basically relies on silver to kill bacteria and germs. Sound strange? It's actually not. Ionized silver, which is just silver molecules that are ionized and suspended in water, is a very effective drink against sickness that I've been taking for years to ward off illness. Silver is able to kill harmful single celled germs because it inhibits the respiration of anaerobic bacteria. It is very potent against germs. Mineral sanitation, when used in conjunction with ozone generators to eliminate organic compounds can be a very nice way to keep your water clean and chemical free.

Friday, June 1, 2012

Financial Modeling: Investment Property Model

Building financial models is an art. The only way to improve your craft is to build a variety of financial models across a number of industries. Let's try a model for an investment that is not beyond the reach of most individuals - an investment property.

Before we jump into building a financial model, we should ask ourselves what drives the business that we are exploring. The answer will have significant implications for how we construct the model.

Who Will Use It?

Who will be using this model and what will they be using it for? A company may have a new product for which they need to calculate an optimal price. Or an investor may want to map out a project to see what kind of investment return he or she can expect.

Depending on these scenarios, the end result of what the model will calculate may be very different. Unless you know exactly what decision the user of your model needs to make, you may find yourself starting over several times until you find an approach that uses the right inputs to find the appropriate outputs.

On to Real Estate

In our scenario, we want to find out what kind of financial return we can expect from an investment property given certain information about the investment. This information would include variables such as the purchase price, rate of appreciation, the price at which we can rent it out, the financing terms available fore the property, etc.

Our return on this investment will be driven by two primary factors: our rental income and the appreciation of the property value. Therefore, we should begin by forecasting rental income and the appreciation of the property in consideration.

Once we have built out that portion of the model, we can use the information we have calculated to figure out how we will finance the purchase of the property and what financial expenses we can expect to incur as a result.

Next we tackle the property management expenses. We will need to use the property value that we forecasted in order to be able to calculate property taxes, so it is important that we build the model in a certain order.

With these projections in place, we can begin to piece together the income statement and the balance sheet. As we put these in place, we may spot items that we haven't yet calculated and we may have to go back and add them in the appropriate places.

Finally, we can use these financials to project the cash flow to the investor and calculate our return on investment.

Laying Out the Model

We should also think about how we want to lay it out so we keep our workspace clean. In Excel, one of the best ways to organize financial models is to separate certain sections of the model on different worksheets.

We can give each tab a name that describes the information contained in it. This way, other users of the model can better understand where data is calculated in the model and how it flows.

In our investment property model, let's use four tabs: property, financing, expenses and financials. Property, financing and expenses will be the tabs on which we input assumption and make projections for our model. The financials tab will be our results page where we will display the output of our model in a way that's easily understood.

Forecasting Revenues

Let's start with the property tab by renaming the tab "Property" and adding this title in cell A1 of the worksheet. By taking care of some of these formatting issuing on the front end, we'll have an easier time keeping the model clean.

Next, let's set up our assumptions box. A few rows below the title, type "Assumptions" and make a vertical list of the following inputs:

Purchase Price
Initial Monthly Rent
Occupancy Rate
Annual Appreciation
Annual Rent Increase
Broker Fee
Investment Period

In the cells to the right of each input label, we'll set up an input field by adding a realistic placeholder for each value. We will format each of these values to be blue in color. This is a common modeling convention to indicate that these are input values. This formatting will make it easier for us and others to understand how the model flows. Here are some corresponding values to start with:

0,000.00
,550.00
95.00%
3.50%
1.00%
6.00%
4 years

The purchase price will be the price we expect to pay for a particular property. The initial monthly rent will be the price for which we expect to rent out the property. The occupancy rate will measure how well we keep the property rented out (95% occupancy will mean that there will only be about 18 days that the property will go un-rented between tenants each year).

Annual appreciation will determine the rate that the value of our property increases (or decreases) each year. Annual rent increase will determine how much we will increase the rent each year. The broker fee measures what percentage of the sale price of the property we will have to pay a broker when we sell the property.

The investment period is how long we will hold the property for before we sell it. Now that we have a good set of property assumptions down, we can begin to make calculations based on these assumptions.

A Note on Time Periods

There are many ways to begin forecasting out values across time. You could project financials monthly, quarterly, annually or some combination of the three. For most models, you should consider forecasting the financials monthly during the first couple years.

By doing so, you allow users of the model to see some of the cyclicality of the business (if there is any). It also allows you to spot certain problems with the business model that may not show up in annual projections (such as cash balance deficiencies). After the first couple of years, you can then forecast the financials on an annual basis.

For our purposes, annual projections will cut down on the complexity of the model. One side effect of this choice is that when we begin amortizing mortgages later, we will wind up incurring more interest expense than we would if we were making monthly principal payments (which is what happens in reality).

Another modeling choice you may want to consider is whether to use actual date headings for your projection columns (12/31/2010, 12/31/2011,...). Doing so can help with performing more complex function later, but again, for our purposes, we will simply use 1, 2, 3, etc. to measure out our years. In Excel, we can play with the formatting of these numbers a bit to read:

Year 1 Year 2 Year 3 Year 4...

These numbers should be entered below our assumptions box with the first year starting in at least column B. We will carry these values out to year ten. Projections made beyond ten years do not have much credibility so most financial models do not exceed ten years.

On to the Projections

Now that we have set up our time labels on the "Property" worksheet, we are ready to begin our projections. Here are the initial values we want to project for the next ten years in our model:

Property Value
Annual Rent
Property Sale
Broker Fee
Mortgage Bal.
Equity Line Bal.
Net Proceeds
Owned Property Value

Add these line items in column A just below and to the left of where we added the year labels.

The property value line will simply project the value of the property over time. The value in year one will be equal to our purchase price assumption and the formula for it will simply reference that assumption. The formula for each year to the right of the first year will be as follows:

=B14*(1+$ B)

Where B14 is the cell directly to the left of the year in which we are currently calculating the property value and $ B is an absolute reference to our "Annual Appreciation" assumption. This formula can be dragged across the row to calculate the remaining years for the property value.

The annual rent line will calculate the annual rental income from the property each year. The formula for the first year appears as follows:

=IF(B12>=$ B,0,B5*12*$ B)

B12 should be the "1" in the year labels we created. $ B should be an absolute reference to our investment period assumption (the data in our assumption cell should be an integer even if it is formatted to read "years," otherwise the formula will not work). B5 should be a reference to our monthly rent assumption, and $ B should be an absolute reference to the occupancy rate.

What this function says is that if our investment period is less than the year in which this value is to be calculated, then the result must be zero (we will no longer own the property after it is sold, so we can't collect rent). Otherwise, the formula will calculate the annual rent, which is the monthly rent multiplied by twelve and then multiplied by the occupancy rate.

For subsequent years, the formula will look similar to:

=IF(C12>=$ B,0,B16*(1+$ B))

Again, if the investment period is less than the year in which this value is to be calculated, then the result will be zero. Otherwise we simply take the value of last years rental income and increase it by our annual rent increase assumption in cell $ B.

Time to Exit

Now that we have forecasted property values and rental income, we can now forecast the proceeds from the eventual sale of the property. In order to calculate the net proceeds from the sale of our property, we will need to forecast the values mentioned above: property sale price, broker fee, mortgage balance and equity line balance.

The formula for forecasting the sale price is as follows:

=IF(B12=$ B,B14,0)

This formula states that if the current year (B12) is equal to our investment period ($ B) then our sale price will be equal to our projected property value in that particular year (B14). Otherwise, if the year is not the year we're planning to sell the property, then there is no sale and the sale price is zero.

The formula to calculate broker fees takes a similar approach:

=IF(B18=0,0,B18*$ B)

This formula states that if the sale price for a particular year (B18) is equal to zero, then broker fees are zero. If there's no sale, there's no broker fees. If there is a sale then broker fees are equal to the sale price (B18) multiplied by our assumption for broker fees ($ B).

Our mortgage balance and our equity line balance we will calculate on the next worksheet, so for now we will leave two blank lines as placeholders for these values. Our net proceeds from the property sale will simply be the sale price less broker fees less the mortgage balance, less the home equity line balance.

Let's add one more line called "Owned Property Value." This line will show the value of the property we own, so it will reflect a value of zero once we have sold it. The formula will simply be:

=IF(B12>=$ B,0,B14)

B12 refers to the current year in our year label row. $ B refers to our investment period assumption, and B14 refers to the current years value in the property value line we calculated. All this line does is represent our property value line, but it will show zero for the property value after we sell the property.

On to the Financing

Now let's model how we will finance the property acquisition. Let's name a new tab "Financing" and add the title "Financing" at the top of the worksheet. The first thing we need to know is how much we need to finance.

To start, let's type "Purchase Price" a few lines below the title. To the right of this cell make a reference to our purchase price assumption from the "Property" tab (=Property!B4). We will format the text of this cell to be green because we are linking to information on a different worksheet. Formatting text in green is a common financial modeling convention to help keep track of where information is flowing from.

Below this line, let's type "Working Capital." To the right of this cell, let's enter an assumption of ,000.00 (formatted in blue text to indicate an input). Our working capital assumption represents additional capital we think we'll need in order to cover the day-to-day management of the investment property. We may have certain expenses that aren't fully covered by our rental income and our working capital will help make sure we don't run into cash flow problems.

Below the working capital line, let's type "Total Capital Needed" and to the right of this cell sum the values of our purchase price and working capital assumption. This sum will be the total amount of capital we will need to raise.

Capital Sources

A couple lines below our "Total Capital Needed," let's create a capital sources box. This box will have six columns with the headings: source, amount, % purchase price, rate, term and annual payment. Two typical sources of capital for acquiring a property are a mortgage and an equity line of credit (or loan). Our final source of capital (for this model anyway) will be our own cash or equity.

In the sources column, let's add "First Mortgage," "Equity Line of Credit," and "Equity" in the three cells below our sources heading. For a typical mortgage, a bank will usually lend up to 80% of the value of the property on a first mortgage, so let's enter 80% in the line for the first mortgage under the % purchase price heading (again, formatted in blue to indicate an input value).

We can now calculate the amount of our first mortgage in the amount column with the following formula:

=B5*C11

B5 is a reference to our purchase price and C11 is a reference to our % purchase price assumption.

In the current market, banks are reluctant to offer equity lines of credit if there is less than 25% equity invested in the property, but let's pretend that they are willing to lend a bit. Let's assume that they will lend us another 5% of the property value in the form of an equity line. Enter 5% (in blue) in the equity line of credit line under the % purchase price heading.

We can use a similar formula to calculate the equity line amount in the amount column:

=B5*C12

Now that we have the amount of bank financing available for our purchase, we can calculate how much equity we will need. Under the amount heading in the row for equity, enter the following formula:

=B7-B11-B12

B7 is our total financing needed. B11 is the financing available from the first mortgage and B12 is the financing available from the equity line of credit. Again, we're assuming that we'll have to cough up the cash for anything we cannot finance through the bank.

The Cost of Capital

Now let's figure out what this financing is going to cost us. For interests rates, let's assume 5% on the first mortgage and 7% on the equity line. Enter both of these values in blue in our rate column. For terms, a typical mortgage is 30 years and an equity line might be 10 years. Let's enter those values in blue under the term heading.

The annual payment column will be a calculation of the annual payment we will have to make to fully pay off each loan by the end of its term inclusive of interest. We will use an Excel function to do this:

=-PMT(D11,E11,B11,0)

The PMT function will give us the value of the fixed payment we will make given a certain rate (D11), a certain number of periods (E11), a present value (B11) and a future value (which we want to be zero in order to fully repay the loan). We can then use the same formula in the cell below to calculate the payment for the equity line.

Now we're ready to map out our projections. Let's start by copying column headings from the property tab (Year 1, Year 2, etc.) and paste them on the finance tab below our capital sources box. Let's also pull the owned property value line from the property tab (marking the values in green to show that they come from a different sheet).

Now let's forecast some balances related to our first mortgage. Let's label this section of the worksheet "First Mortgage" and below it add the following line items in the first column:

Beginning Balance
Interest PMT
Principal PMT
Ending Balance

Post Sale Balance

For year one of our beginning balance, we will just reference our first mortgage amount (=B11). For years two and later, we will simply reference the previous years ending balance (=B25).

To calculate the interest payment for each year, we simply multiply the beginning balance by our assumed interest rate (=B22*$ D). B22 would be the current year's beginning balance and $ D would be our assumed interest rate.

To calculate each year's principal payment, we simply subtract the current year's interest payment from our annual payment (=$ F-B23). $ F is the annual payment we calculated before, and B23 is the current year's interest payment.

Our ending balance is simply our beginning balance minus our principal payment (=B22-B24).

Finally, our post sale balance is simply our ending balance for each year or zero if we have already sold the property (=IF(B19=0,0,B25)). This line will make it easy for us to represent our debt when we go to construct our balance sheet later on.

We now repeat the same lines and calculations for projecting our equity line of credit balances. Once we are done with these two sources, we have completed our financing worksheet.

Taking a Step Back

We can now drop in our mortgage and equity line balances back on the property tab in order to calculate our net proceeds. For the mortgage balance we use the formula:

=IF(B18=0,0,Financing!B22)

B18 refers to the current year's property sale value. If the value is zero, then we want the mortgage balance to be zero, because we are not selling the property in that particular year and don't need to show a mortgage balance. If the value is not zero, then we want to show the mortgage balance for that particular year which can be found on the financing tab (Financing!B22).

We use the same formula for calculating the equity line balance.

On to Expenses

Let's label our expenses tab "Expenses" and add the same title to the top of the worksheet. This worksheet will be simple and straightforward. First, let's create an assumptions table with the following input labels:

Tax Rate
Annual Home Repairs
Annual Rental Broker Fees
Other Expenses
Inflation

Next to each of these cells, let's enter the following assumption values in blue:

1.10%
0.00
0.00
.00
1.50%

Each of these assumptions represents some component of the ongoing costs of managing a property. Below our assumptions box, let's again paste our year headings from one of our other worksheets (Year 1, Year 2, etc.).

Let's drop in a line that shows our owned property value that we calculated earlier and format these values in green. We will need these values in order to calculate our tax expense, so it'll be easier to have it on the same worksheet.

Below this line, let's add a few line items that we'll be forecasting:

Home Repairs
Rental Broker Fees
Other Expenses

Taxes

Our first year of home repairs will simply be equal to our annual assumption (=B5). For subsequent years, though, we will need to check to see if we still own the property. If not, our cost will be zero. If so, we want to grow our home repairs expense by the inflation rate. Here's what the function for subsequent years should look like:

=IF(C=0,0,B15*(1+$ B))

In this case, C is the current year's property value, B15 is the previous year's home repair expense, and $ B refers to the inflation rate. For rental broker fees and other expenses, we can use the same methodology to forecast these expenses.

For taxes, we will need to use a different calculation. Property taxes hinge on the value of the property, which is why we have used a percentage to represent the tax assumption. Our formula to calculate taxes will be as follows:

=B13*$ B

Since our taxes will be zero when our property value is zero, we can simply multiply our property value (B13) by our assumed tax rate ($ B). And now we have forecasted our expenses.

Putting It All Together

Now comes the fun part. We need to put all of our projections into presentable financial statements. Since this will be the part of the model that gets passed around, we'll want to make it especially clean and well formatted.

Let's label the tab "Financials" and enter the same title at the top of the worksheet. A couple lines below, we'll start our balance sheet by adding a "Balance Sheet" label in the first column. Just below this line, we'll drop in our standard year headings, only this time we want to include a Year 0 before the Year 1 column.

Along the left side of the worksheet just below the year headings, we'll layout the balance sheet as follows:

Cash
Property

Total Assets

First Mortgage
Equity Line of Credit
Total Debt

Paid-In Capital
Retained Earnings
Total Equity

Total Liabilities & Equity

Check

Our cash value in year zero will be equal to the amount of equity we plan to invest, so we will reference our equity value from the finance worksheet (=Financing!B13) and format the value in green.

Property, first mortgage, equity line and retained earnings will all be zero in year zero because we haven't invested anything yet. We can go ahead and add in the formulas for total assets (cash plus property), total debt (first mortgage plus equity line), total equity (paid-in capital plus retained earnings) and total liabilities and equity (total debt plus total equity). These formulas will remain the same for all years of the balance sheet.

For the year zero balance for paid-in capital, we'll use the same formula as cash for year zero (=Financing!B13).

Returning to cash, we will use this line as our plug for the balance sheet since cash is the most liquid item on the balance sheet. To make cash a plug, we make cash equal to total liabilities and equity minus property. This should ensure that the balance sheet always balances. We still need to watch to see if our cash is ever negative, which could present a problem.

On a balance sheet, property is usually represented at its historical value (our purchase price), so we will use the following formula to show our property value and format it in green:

=IF(C5>=Property!$ B,0,Property!$ B)

C5 represents the current year. Property!$ B is a reference to our investment period assumption and $ B is a reference to the purchase price. The value of the property will be either zero (after we have sold it) or equal to our purchase price.

Our first mortgage and equity line balances we can simply pull from the post sale balance on the finance tab. We format each line in green to show that it is being pulled from another worksheet.

Paid-in capital, will be equal to either our original investment (since we won't be making additional investments) or zero after we have sold the property. The formula is as follows:

=IF(C5>=Property!$ B,0,$ B)

C5 represents the current year. Property!$ B is a reference to our investment period assumption and $ B is a reference to the year zero value of our paid-in capital.

We will have to skip the retained earnings line until after we have projected our income statement as it hinges on net income.

The check line is a quick way of telling if your balance sheet is in balance. It is simply equal to total assets minus total liabilities and equity. If the value is not equal to zero, then you know there's a problem. As an extra bell and whistle, You can use conditional formatting to highlight any problems.

Calculating the Bottom Line

Below the check line, let's set up our income statement in the same way we set up our balance sheet - with an "Income Statement" label followed by our year column headings. We will layout our income statement as follows:

Rental Income
Proceeds from Sale
Total Revenue

Home Repairs
Rental Broker Fees
Other Expenses
Total Operating Expenses

Operating Income

Interest Expense
Taxes

Net Income

Rental income, proceeds from sale, home repairs, rental broker fees, other expenses and taxes can simply be pulled from the other worksheets where we have calculated them (and formatted in green of course). Interest expense is simply the sum of the interest payments for both the first mortgage and the equity line on the financing tab.

The other line items are simple calculations. Total revenue is the sum of rental income and proceeds from sale. Total operating expenses is the sum of home repairs, rental broker fees and other expenses. Operating income is total revenue minus total operating expenses. Net income is operating income minus interest expense and taxes.

Now that we have our net income figure, we can jump back up to our retained earnings line in our balance sheet to finish that up. The formula for retained earnings starting in the first year and going forward should be as follows:

=IF(C5>=Property!$ B,0,B17+C43)

Again, the IF function looks at the current year (C5) and compares it to our investment period (Property!$ B). If it is greater than or equal to the investment period, then we have closed our our investment and the value is zero. Otherwise, the formula for retained earnings is the previous year's retained earnings balance (B17) plus the current year's net income.

And Now for Cash Flow

To answer our original question of what our return on this particular investment is going to be, we need to project the cash flow to the investor. To do so, let's create another section below the income statement called "Investment Cash Flow," which also has our year column headings. We'll also want to add the following lines:

Initial Investment
Net Income
Cash Flow

Our initial investment line will only have a value in the first year zero cell, and it will be equal to our paid in capital only negative (=-B16). Our initial cash flow is negative because we make the equity investment to finance the project.

The rest of our cash flow comes in the form of net income. Since we have the net proceeds from the sale of the property flowing through net income as well, we can simply set the net income line equal to net income from our income statement. To maximize our potential return, we will assume that net income is paid out each year rather than being retained (this could result in some negative cash balances, but for simplicity's sake, we'll make this assumption).

Cash flow is simply the sum of the initial investment and net income for each year. The result should be a negative cell followed by some negative or positive net income figures (depending on our model's assumptions). Now we're ready to calculate our return.

A couple lines below the cash flow line, we'll label a line "IRR" or internal rate of return. The internal rate of return is basically the discount rate at which your future cash flow is equal to your initial cash outflow. In other words, it's the discount rate that gives the project a present value of zero. The formula we will enter to the right of this label is as follows:

=IF(ISERROR(IRR(B51:L51)),"N/A",IRR(B51:L51))

We're adding some fancy formatting to the formula to make sure that if the IRR function can't calculate the return, it shows up as "N/A." The basic function for IRR will simply reference our cash flow cells (B51:L51).

We can now play around with our model inputs to see if our assumptions and our project make sense. If you have data from a similar project, you may want to input those values to see if your model closely follows the actual results of the project. This test will help you determine if your model is working properly.

Remember, a model is only as good as the assumptions you put into it, so even with a detailed working model of a project, you will still need to invest a lot of time researching appropriate assumptions.

This is just one example of a financial model. Other models may be more simple or much more detailed. In order to be a great modeler, you have to practice.

America's Love Affair With The Pickup Truck

Baseball, apple pie, and pickup trucks three symbols of the down-home American heartland. Americans tend to love all things American and the pickup truck is no exception. The very first pickup truck debuted, thanks to Henry Ford, in 1925. Although a bit lengthy for today's marketing standards, Ford described it as a "Ford Model T Runabout with Pickup Body." It was surprisingly similar to current pickups with an adjustable tailgate, a large cargo box, and heavy-duty springs in the rear.

Throughout the United States' short history, the pickup truck gained popularity and continued to evolve. Three years later, Ford replaced the Model T with the Model A which was the first closed-cab pickup and included new features like roll-up side windows and a safety glass windshield. Capable of a whopping 40 horsepower (impressive at the time), the Model A sported a four-cylinder engine and three-speed transmission.

By 1931, Chevrolet stepped up and offered its first pickup model in an effort to compete with Ford. But Ford wasn't going anywhere. They countered the following year by releasing an even more powerful pickup with 65-horsepower and the Ford flathead V8 engine, a strategy that proved profitable to say the least. By 1936, there were three million Ford trucks on the road and the pickup led the industry in sales.

When the Great Depression hit, farmers needed to scale back and could no longer afford a truck for their farms and a car for their families. Thus, the need for a passenger-ready pickup was born and an Australian Body designer at Ford Australia designed the "coupe utility" -- the precursor to today's full cab pickups by marrying the front of a car body to the rear of a pickup body. The result was successful worldwide and because they were designed for work, American banks didn't hesitate to loan farmers money to buy them. Sales skyrocketed and the modern pickup became a staple of growing America.

While pickups were prevalent all over the country, Texans became particularly fond of them. Calling them "rancheros" because of their importance to Texas horse ranches, the state is sometimes referred to as "the land of pickup trucks." And rightfully so. The state of Texas actually offers a lower tax on pickup registration than it does on any other vehicle.

Portrayed as a rough and rugged symbol of the ultra-masculine American man, pickups began to make appearances in Hollywood movies from neo-Westerns to the preferred vehicle of tough guys like Clint Eastwood in "Every Which Way But Loose," and John Travolta in "Urban Cowboy." And when a symbol of America emerges, politics are right behind, ready to exploit it. In a campaign speech, presidential nominee hopeful Fred Thompson even described his opponent's faults by saying, "He hasn't spent enough time in a pickup truck," suggesting his opponent had trouble connecting with the "real" America. Even President George W. Bush a proud Texan has been observed driving around his ranch in a pickup.

Pickup trucks are no less popular today. Car companies find that while car sales in the U.S. are less stable, the pickup truck holds its own. Even companies like Isuzu now offer only high-performance pickup trucks (two models the i-290 and i-370) and a single SUV model. Although people tend to love their SUVs and their flashy sports cars, pickup trucks continue to hold on as one of the best selling American vehicles. And from what we surmise, apple pie isn't going anywhere either.