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The Famed Simultaneous Closing in Real Estate Investment

  • Posted on May 17, 2017 at 9:15 pm

There are many ways to close a deal in real estate investing. As a foreclosure investor youve probably heard of the famed, simultaneous closing, when purchasing a property from the homeowner. Its a great way to make a profit on your time and effort without using your own money to purchase a property.

A simultaneous close is when you buy the property from the homeowner and then immediately turn around and sell that property to an investor. You very often are only on the title of the property for a few minutes at a time. Plus, you can often arrange the deal so that you end up buying that house with your investors money!

How the Simultaneous Close is Initiated You initiate a simultaneous close on a property sale by asking your investor to wire their money into the title company that you are using for escrow. You have already given the title company prepares the two closing documents; one is where you buy the house for $70,000 and the other is where you sell the house to your investor for say $90,000. That means you get a profit of $20,000 after both closings are complete.

When the title company prepares both of these documents at once, theyll notice that your buyer has already wired their money into the companys escrow account. The title company will see that when you sell this property to your buyer youll be getting $90,000 and that the buyer has already transferred his or her money into the title company.

So, rather than asking you to wire your own money into the title company so they can initiate the first sale (from the homeowner to you) theyll just use $70,000 of the $90,000 thats been transferred into the title company by your buyer. Then, theyll turn around and complete the second sale (from you to the buyer) and leave you with $20,000 profit without even using your own money!

Basically youve just flipped a house, which in proper terminology is referred to as Wholesaling a house and all without using your own money! As you can imagine there is a little more to the process of making a simultaneous close, but this is the gist of the procedure. Its an excellent way to get involved in real estate investment and get profits with very little starting cash.

Garden Shed Plans – Roof Designs For Garden Sheds

  • Posted on May 17, 2017 at 4:57 pm

If you’re looking at garden shed plans, you’ll be faced with many things you need to decide on. One of them is the design you’d want to adorn your outdoor area. Shed designs are often characterized by their roofs. To help you decide on which design would be best for you, here are the basic features and benefits of the commonly used roofs in garden sheds, including lean-to, saltbox, gable, and hipped roofs.

Lean-to or shed roofs is just one roof surface that is built sloping down the whole shed structure – whether it is attached to the house or standing alone. It costs the least and the easiest to build among all other roof types, so it’s one of the most popular. This simple design is often chosen for storage sheds and workshop annexes.

Saltbox roofs are distinguished by their flat front and long pitched roof that slopes down to the rear of the house. This design originated in England when people needed additional rooms at the back of the house. They’re called saltbox, because they’re shaped like the wooden boxes used to hold salt during those days. Today, these roofs are usually made of EPDM (ethylene-propylene-diene monomer) rubber, known for its excellent thermal insulation and water resistance, or PVC, which is fire-resistant and promotes energy efficiency.

The gable roof, meanwhile, is also a common option in garden shed plans since it’s also easy to construct. Two same-sized roof surfaces pitched at identical angles and placed back to back will already give you this design. This triangular roof provides roomy ceiling, good ventilation, and a way for water or snow to easily slide down the ground. However, the gable design isn’t recommended for regions experiencing too much wind as this roof can be easily damaged by severe winds.

Compared to the gable, the hipped roof has not just two but four equal sides sloping down to cover the entire shed. This roofing may require more work than the gable type, but your shed’s walls will be easier to build because they all just need to be of the same height. Aside from this, the hipped roof can protect your shed not just from the sun, rain, and snow, but also the wind, which is a major problem of the gable design. But you need to keep in mind that this design will give you less ceiling space.

These are just some of the common roof designs you can choose from when you’re planning to build a garden shed. This information is a good starting point in selecting which style would be best for the outdoor structure you want.

Basic Kitchen Layouts And Their Respective Uses

  • Posted on May 17, 2017 at 9:18 am

Kitchen layout is the foundation of a beautiful cooking area, which comes in various styles such as: single-wall, corridor, L-shaped, U-shaped, G-shaped, and Island style.

Kitchen area is one place in your house that requires a well-thought out design because a nice looking place can motivate the cook to prepare mouth-watering dishes. Before you can beautify the area, first you need to identify the layout of the room. From there, you can now decide on the add-ons and accessories to make it more conducive. As much as possible, maintain a spacious area, so that you can work on without obstructions and delay. Here are some of the common kitchen layouts for your kitchen:

Single-wall

Sometimes called straight kitchen, this is recommended for smaller house where the space is limited. It is attached to one side of the wall, so that the remaining space can be fully maximized. However, you can still enhance its storage capacity by adding pull-out drawers on the counter.

Corridor

Galley is the other name for corridor kitchen where the work stations are parallel with each other. This is another way to enhance space because it provides center aisle where you can move around; thus, commercial kitchen often utilize this type of layout. This is because chefs can have unobstructed footwork even during peak hours.

L-shaped

This type of kitchen is a popular choice for most homeowners who have long, open room because it is so versatile that the cook can work at the same time entertain guests with just one turn. This is the most ideal layout because maneuvering is not a problem at all.

U-shaped

If you want to have a multiple work area, U-shaped is best for you. This set-up also gives you sufficient storage space where you can place cooking essentials both on top and below the counters. This is perfect if you have lots of cooking appliances to display such as microwave, toaster, rice cooker, and the more.

G-shaped

Although, it provides moving space that is almost the same as the u-shaped, the only difference is the narrow passageway. This is perfect if want to create a more private cooking space away from onlookers since the limited point of entry prevents them from getting in and out easily.

Island style

With just one counter located at the center of the room, this requires less travelling around since everything you need are just within reach such as the sink, appliances, and storage. Household traffic is greatly minimized because there are two lanes for everybody to move around.

Whatever layout you choose, you need to consider comfort on top of everything. Do not just copy what you see on home magazines; instead build a place that facilitates ease.