More and more vintage Chrysler cars and trucks are being salvaged from fields, woods, junkyards, and the crusher than ever before.

The reason for this change in the hobby is largely related to the fact that as Fords and Chevys (yawn) are becoming fewer in number and therefore harder to find in good restored condition , restorers and street rodders find old MoPars to be just the ticket for scratching the restoration/rolling it on the street.

In this article, we’ll take a look at MoPars from the early to late 1930s and compare them to their GM and Ford counterparts.

From the beginning (1924), Walter Chrysler set out to build a superior automobile, and in keeping with that idea, throughout his tenure as supreme leader of his namesake company, he made sure to include things that were unusual for cars and trucks. in the field of low and medium prices.

One such aspect was four-wheel hydraulic brake systems on every car and truck they built, while competitors still used mechanical brakes that required frequent adjustment and were unreliable in terms of consistent braking from each wheel. While the most luxurious and expensive cars of the time (Duesenberg, Packard, Cord, etc.) used hydraulic brakes, GM and Ford didn’t change until the mid to late 1930s, respectively.

Going back to the 1930s, we find that with the end of production of the 1934 model, Chrysler had built the last “Chrysler”-badged car that used wood as a structural component, as the 1935 model PJ ushered in the era of the 1930s. low price with steel body. because. This type of construction was unusual for most cars at the time, but unheard of in a car that sold for just $510 FOB. Ford and GM continued to use wood for several more years.

The all-steel body provided a stiffer vehicle, less prone to body flex on rough terrain or roads and when combined with the use of “Mola” steel made leaf springs, on a 113-inch wheelbase, the The ride was smooth and silent.

Finally, the 1935 model introduced the most advanced flathead six in the industry and Chrysler used this engine with relatively few modifications until it was replaced by the slant-six engine in 1960.

Rated at 82 HP, it slotted nicely between the 80 HP Chevrolet six and the (big) 85 HP Ford Flathead V8. Also, this new engine known as the ‘L-Head’ Six had the most advanced cooling system of any engine built at the time.

The use of a water distribution tube that ran the length of the camshaft and the extension of the water jacket to the bottom of the connecting rods produced a cooling process that kept the block evenly cooled, from front to rear and from front to back. from top to bottom.

As we all know, the cooler the engine runs, the less friction is produced, which results in better fuel economy and oil consumption.

The engines are factory balanced and the valves are located inside the block and are perfectly smooth and require little to no maintenance.

All Chrysler engines were mounted on what Chrysler had called “Floating Power” (introduced several years earlier), that is, mounting the engine on rubber blocks instead of directly on the frame, thus eliminating engine vibration that would normally be would transfer to the body through the frame.

Additionally, the positioning of these motor mounts gave the motor a perfect weight balance which further reduced harshness and vibration.

This engine was used continuously in regular production (with very minor changes) from 1935 to 1959, but it held up for nearly another two decades in commercial use. NOS parts are easy to locate, making this one of the most economical engines to rebuild and operate.

Having owned many MoPars (from 1935 to 1951) with this venerable six-cylinder engine, I can attest to getting between 18 and 22.5 MPG depending on conditions and final drive ratio. They are so reliable that I bought a 1951 Plymouth on e-bay, brought it home, tuned it up, replaced the battery hoses and tires, inspected the brakes, and headed to Arizona in what turned out to be one of the hottest summers on record. (2003).

With temperatures in the low 100s every day or driving at altitudes of over 10,000 feet through the Colorado mountain ranges, this little Plymouth performed flawlessly for over 5,000 miles.

Before 2001, there were very few manufacturers of sheet metal replacement parts for these cars. However, today, the reproduction industry is responding to the needs of the restorer and street-rodder by producing the type of parts necessary to rebuild these great vintage cars and trucks.

The following reproduction companies are dedicated to both preserving Chrysler products and producing high-quality parts to help ease the process of finding what it takes to get the job done right and get the result you want:

1933 – 1934 Plymouth and Dodge sheet metal

sir floyd riley

620-725-5754

1935 – 1952 Chrysler, Plymouth, Dodge and DeSoto automotive sheet metal and 1933 – 1947 Dodge, Plymouth and Fargo Truck sheet metal

Wayne Brandon- Plymouth Doctor Restoration Parts

post office box 467 PerryMI 48872 (517) 625-PLYM

1949 – 1966 Plymouth & Dodge automobile sheet metal

bob mcgee

R/Car Customs & Restoration

570 Deming Street Sedanct. 06037 (860) 829-2076

rubber parts

castro valley autohouse (’41 Steerer Cover) 510-581-4525 510-581-4501

Rubber parts for subway 800-878-2237

Will Knudsen (brown mat ’37 – ’41) 734-626-0261

Sal Salerno (’42 – ’48) 90 thousand Floor mat 717-697-7757

Restoration Specialties and Supply Co. 814-467-9842 or 814-467-5323

Steele Rubber Parts 800-544-8665

stirrups

Paul Bowling – Buckeye Rubber 937-833-2885

hunley fist 706-866-4875

tires – Jim Benjaminson (contact Plymouth Doctor Restoration Parts for contact information)

Dramatic is the only superlative that can be used to describe the Croatian coastline. Almost 2,000 kilometers of coastline, more than 1,000 islands and a picture-perfect Adriatic setting are reasons in themselves to visit the country, and if you needed another, its real estate market isn’t bad either.

Formerly part of Yugoslavia, an established destination for British tourists, war in the early 1990s brought tourism to a halt. The collapse of communism and the war for national survival finally resulted in Croatian independence and the country has once again secured its place with Brits looking for a holiday destination and more. With full entry into Europe scheduled for 2010/11, this country is firmly on its feet and today, thankfully, there are little signs of the war that destroyed much of Croatia’s heritage.

Cushman & Wakefield, an established agency that has operated in the UK since 1907, also has an international division and Croatia is the latest addition to its portfolio. Marketing manager Victoria Doyle says: “We’re based in the UK, but we’ve all been to Croatia and we love it. It’s very unspoilt and a real treat.” Like many sales agents across the country, Doyle believes that the war, despite its great cost in lives and the environment, partially protected Croatia: “Because of the war, Croatia did not develop as some countries, so you don’t see the massive development that mars the coasts of other countries”.

The government has been so interested in protecting Croatia’s innate beauty that it at one point issued a moratorium on all new construction, halting development while a rezoning program was put in place. Some developers are still sitting on large parcels of land, but the moratorium has been lifted to ensure that only developments that strictly adhere to strict government building regulations can continue. Cushman & Wakefield specializes in the sale of new developments with strong investment potential. Project manager Charlie Winand believes his Kavanjin development, on the southern Dalmatian island of Brac, contains all the elements to make it a great investment: “It’s being built by an established developer, we’ve done all the due diligence and, even with a conservative estimate, we believe prices will increase by around 10 percent over the next 12 months.”

Connected by ferry to better-known Split (a cosmopolitan city often compared to Barcelona or Lisbon), Kavanjin markets itself as “a luxury boutique development and island hideaway” thanks to its excellent location – a 45-minute ferry ride away. minutes takes you to Split, but in less than half an hour you can also be on the attractive islands of Korcula and Vis and reach Hvar, which is quickly gaining a reputation as a “party island”. The first phase has already been sold, but the second phase consists of one, two and three-bedroom apartments, many with sea views; The small and exclusive development also has its own cafeteria and communal pool. With prices starting at £85,000, gross rental returns are forecast to be around 6.5% and with tourism growing, the odds look favourable. “Currently there are not enough beds for everyone and this development already has a management company,” adds Winand. Of particular interest to investors, buyers who form a company as a vehicle through which they later buy property in Croatia, can claim a VAT refund of 22 percent of the sale price. Other incentives to buy in Croatia include exemption from capital gains tax after three years of ownership.

Winkworth has also recently opened an office in Croatia, in Dubrovnik, which Winkworth Managing Director Dominic Agace calls: “A key addition to our growing international network providing new investment and second home opportunities for our client base. With strong infrastructure and excellent services Croatia, and in particular Dubrovnik, will continue to grow as a boutique destination for international travelers and with this trend the strength of the real estate market will grow.” Winkworth is currently selling a three storey resale house in Orebic, Peljesac, Dubrovnik. Currently divided into apartments, the property has sea views and is for sale for EUR 880,000 (£630,000).

Often called “the jewel of the Adriatic”, Dubrovnik is a stunning city that is easy to explore. With a relatively small population of over 30,000, it stretches along the coast for several kilometres, but its old town is surprisingly small and easy to explore on foot. Walking along the city walls is a must-see delight, and a constant stream of tourists streams down the city’s main street, Pile Gate, also known as Stradun, in the summer months. A good base for home hunting, Winkworth hopes to offer opportunities to buyers, investors and developers throughout Croatia, from Istria in the north to Split and Trogir in the heart of Dalmatia.

Many buyers looking to buy property in Croatia know exactly where they want to be, says Savills’ Jelena Cvjetkovic, who calls them a “sophisticated and well-researched” bunch. Many come from yachting and are looking for a base from which they can enjoy their passion, but more and more investors are looking to hotspots like Split and, more recently, Zagreb, where he estimates prices are rising by around 15 percent a year. “It’s not a tourist destination, but it’s backed by a strong domestic market with prices much lower than most European capitals,” adds Cvjetkovic, who also says great value can be found in Lopud and Sipan on the Elaphite Islands. between Dubrovnik and the Peljesac peninsula. Current properties for sale in Zagreb include the Gramaca apartments, ‘urban villas’ with one apartment per floor, a popular concept in Croatia in recent years. Designed by award-winning architect Marko Piljak, the apartments are located in an upmarket area of ​​Zagreb and have wonderful views of Mount Sljeme, which hosts a section of the world ski championships annually. Prices range from EUR248,000 to EUR760,000 (£195,000 to £600,000).

In the north of the country, Istria is fast becoming a rising star among property investors and this is where the country’s only decent-sized golf course is located, although several more are in the planning stages. Filled with spectacular hilltop towns and rolling valleys, this part of Croatia is often compared to its pricier Tuscan counterpart just across the Italian border, and part of its attraction is the ease with which it can be crossed. . Foodies flock here, as the cuisine is also Italian-based: pasta and pizza are plentiful, and you can enjoy the truffles for which this region is famous. Istria is the most developed region of Croatia in terms of tourism, sadly there are pockets of ugly development on its coast that cater to the hordes of Germans, Austrians, Italians and Slovenes who flock here, but you’ll also find smart places like Italian Rovinj on the west coast, catering to a classy and upscale crowd.

Adriatic Riviera is currently marketing an exciting project in Istria in Novigrad, 20 minutes from the much-loved tourist spot of Porec. The Nautica Project is a few minutes walk from the new five-star marina, the beach and the town center, which has many restaurants, cafes, bars and shops. All apartments have a balcony and parking space and prices range from EUR123,000 (£97,000) to EUR185,000 (£146,000) for three bedrooms. Accessibility to this part of the country is good and shoppers here can fly to Pula, just 45 kilometers away, Rijeka or Trieste and Treviso in Italy.

To become an ENERGY STAR qualified builder, a builder must build a home that meets energy efficiency guidelines set by the US Environmental Protection Agency. These homes must be at least 15% more energy efficient than existing homes. homes built to the 2004 International Residential Code (IRC), and contain additional efficiency-saving features that typically make new homes 20% to 30% more efficient than standard homes.

The ENERGY STAR label identifies a home that has exceeded all efficiency guidelines. Builders realize that homebuyers are increasingly interested in the value of green homes and efficiency is the starting point. This is because the energy used to run the house often comes from the burning of fossil fuels from power plants. The burning of fossil fuels contributes to smog, acid rain and the risks of global warming. That’s why it’s so important to use less energy, which equals less air pollution. With these benefits, many homebuilders choose to partner with ENERGY STAR. The best way to ensure a home is efficient is to look for the blue ES label, which is the government-endorsed symbol of efficiency.

Any home that meets EPA guidelines and is three stories or less can earn the ES label, including: single-family homes, townhouses, low-rise manufactured and multi-family homes, modular construction, log homes, and concrete homes. New ENERGY STAR qualified homes may contain a variety of ‘tried and true’ energy efficient features that have improved home quality, homeowner comfort and lower energy demand while reducing air pollution.

Many home builders are realizing the benefits of building ES homes. For example, DR Horton needed an edge to succeed in this challenging market. DR Horton accomplished this by partnering with ENERGY STAR. They realized that they had to build the most efficient homes in the area to gain an advantage over the competition. Not only did this strategy make DR Horton successful, it also benefited homeowners by providing efficient homes that save them money on their monthly energy bill. New homes from DR Horton now have a 100 percent ENERGY STAR qualified accessory package!

Many ES homebuilders have been recognized for their energy efficient construction processes. Aston Woods Homes earned the 2009 ENERGY STAR Housing Leadership Award and has been recognized by the US Environmental Protection Agency (EPA). This award recognizes the significant contribution Ashton Woods Homes has made to energy efficient construction and environmental protection by building more than 1,202 ENERGY STAR qualified homes last year. These 1,202 new homes will save homeowners about $537,294 on utility bills each year!

Another recipient of the Housing Leadership Award is SummerHill Homes. SummerHill Homes is committed to building energy efficient homes. With ENERGY STAR qualified new homes for sale that offer new buyers all the features they want in a home, as well as the benefits of a green home. In addition, energy saving features come standard with SummerHill Homes such as energy efficient insulation systems, energy efficient windows, tight construction and ductwork, properly sized and installed heating and cooling systems, third party verification of energy performance and low consumption products. Plus, not to mention those appliances qualify for an energy tax credit!

ES builders are realizing the value of adding energy efficient products inside the new home. New Pulte Homes communities now include ES appliances as standard in every new home for sale. According to the Department of Energy, all Energy Star appliances use 10-15% less energy and water than standard models when certified by the US Environmental Protection Agency and the Department of Energy. Appliances and lighting account for more than a third of the average homeowner’s utility bill according to the DOE. Therefore, including low consumption appliances can translate into considerable savings. In Las Vegas, Pulte’s new homes for sale are LEED certified, built under the Environments for Living® – Green Certified program, and equipped with solar-powered roof panels.

Many home builders make sure they have an ES rating with the cost of energy on the rise, but one builder has been building green homes before it was cool. With over a decade of building green new homes for sale and energy efficient new homes, Pardee Homes has been a leader in green home construction with over 24 LivingSmart and 14 California Green Builder certified new communities (not forgetting why California is one of the best green building states.) Starting in 1998, when Pardee Homes helped start the EPA’s Energy Star® program, building energy-efficient homes that exceeded code by 15% or more. In 2009, Pardee Homes promised a 100% commitment to building “LivingSmart” homes in all future developments.

Properties or real estate are not considered truly liquid investment instruments since individual properties or real estate are not exchangeable. Therefore, identifying land or real estate in which to invest can require a great deal of time and effort, and much depends on how familiar investors are with the particular segment of the market corresponding to their interests. Real estate or land investors often use a variety of appraisal methods to make their lives a little easier by comparing prices. Sources of price information may include: public auctions, private sales, government agencies, stock listings, or real estate agents.

Real estate or land assets are much more expensive than bonds or stocks. Therefore, investors most often resort to a mortgage loan that can be guaranteed by the land or the property itself. Consequently, we generally use the terms *equity* or *leverage* with reference to the money paid by the investor as opposed to the amount loaned by the bank. Their ratio is called Loan-to-Value (LTV), which is considered to represent the risk assumed by the investor. Most banks consider 20% of the appraised value as a minimum capital requirement. A lot of pension funds and REITs, or real estate investment trusts, regularly buy land or real estate with *zero* leverage, which minimizes their risks, but also limits their return on investment (ROI).

If the land or real estate purchase is leveraged, the required monthly installments or “maintenance costs” can create negative cash flow for the investor immediately after purchase. In addition to potential positive cash flow elements, such as those generated by depreciation, capital accumulation, and capital appreciation, investors may also partially or fully offset “transportation costs” through so-called Net Operating Income, or NOI. This technical term generally means *rents minus expenses* and in countries other than the US it is often referred to as Net Cash Flow. The *NOI/purchase price* ratio is called the Capitalization Rate. It indirectly indicates in how many years the property or real estate will be amortized in a financial environment without interest.

For example, if an investor has purchased land or real estate for $800,000 that generates a positive net operating income of $40,000 per year, then the property’s capitalization rate is 5%. It shows the investor that the land or real estate property will pay for itself in 20 years in terms of net cash flows.

Isn’t it great that there are so many ways to get financing for real estate investment projects today? That’s important since sellers want to get paid for their houses when they sell them…right? Now, just because there are what seems like endless sources of funds doesn’t mean those funds are easy to get… or when you can get them… they’re easy to pay for. The borrower is required, in many cases, to “jump through hoops” to end up with the funds he needs. Credit Approval, Appraisals, LTV/ARV… and they still don’t usually get it. All they need is “skin in the game”.

Good debt vs. bad debt

Most real estate investors are familiar with the expression “Good Debt vs. Bad Debt.” The problem is that most don’t fully understand the difference. My daughter knew the difference when she was 8 years old. I remember when we went to lunch and she went from asking me to do “more and less” to doing story problems. So, in the interest of “training her early in life,” I gave her story problems involving business. she would accidentally Learn about everything from expenses to earnings… including the differences between good and bad debt His understanding was so complete that he could recite the definition and, more importantly, explain it when asked.

Unfortunately, today we are not taught any of this in school. We are taught to be spenders/savers instead of investors/entrepreneurs. In other words, we are never taught how “money works”, but we are certainly taught how to “work for money”. Knowing the difference between good and bad debt isn’t brain surgery, but the negative effects of ignorance can be enormous. The difference is very simple. Bad debt costs you money, good debt makes you money. Yes, it is that simple.

What the banks know that we don’t

Banks are well aware of the difference. Just look at the difference between what they “pay” you (and I use the word “pay” very loosely) for your deposits, and what they “charge” you when they “sell” your credits. Understand that the business of banks is to sell credit. They also know and understand the saying: “Own nothing, but control everything.” They live for it. The fun thing is that with the use of non-taxable debt, the real estate investor can do the same thing. They can almost become their own bank.

Bad debt costs you money, as the net result is that you end up with less than you started with. Good debt makes you money because the net result is that you end up with more than you started with. In business, you are comparing profits and expenses. In our personal lives, we’re comparing income to, well, “Income Substitute”…sometimes referred to as Credit Cards.

Obvious examples of Good Debt would be things like SF rentals, multi-family rentals, commercial properties, and other appreciable cash flow assets. Examples of bad debt would be the credit cards mentioned above, boats, RVs, etc. The value of our own house is not an investment. It does not generate money for us, it costs us money to build it. Now, if we take advantage of it as a loan, it becomes debt… what kind of debt depends on what it is used for. Keep in mind that I’m not saying we should all go out and refinance our homes, withdraw the equity and invest. If you decide to do that, you don’t have my blessing. You are putting your home at risk. Not intelligent. Particularly as there are many other safer ways to obtain funds to invest.

The Power of Compounding… Duplication on Steroids

Banks understand all this. They leverage their assets/deposits into credit/debt. That is, credit to them and debt to you. They own nothing and, in fact, can take advantage of credit, actually selling you “virtual money” at many times the “face value” of your asset on deposit with them. This topic is for another time. For this discussion, understand that the bank is exploiting the power of Duplication. In reality, they are taking advantage of what Albert Einstein called the “Greatest Invention of the 20th Century”… compound interest. He went further by stating that those who understood it (banks) live off those who don’t (the rest of us).

Do you want a very powerful example? start with a penny… only 1 cent. Then, for the next 30 days, double it. So day 1 would be 2 cents, day 3 would be 4 cents, day 4 would be 8 cents, and so on. Do it on paper. It will have a much bigger impact on you. Which is the answer? Try it. You’ll be surprised. What you will be seeing is an example of Composite at its finest.

So how do we as real estate investors do the same? Can we do the same? The answer to the second question is a resounding Yes! The answer to the first question is, you guessed it, with the use of non-taxable debt.

The Power of Debt with No Lien… Compounded on Steroids

How do you ask? Easy. First, remember that the typical financing used in real estate investing is bond-capable debt. There’s a link of some sort on the asset… the property we’re buying. When we use non-taxable debt, there is no lien on the property. In fact, there is no link to the property. This is important. This is what makes this work. This is what makes us our own bank. How?

What’s the first thing that happens at closing, after the mountain of paperwork is signed? The answer is that the seller’s original lender is paid. In other words, the Link is paid. The seller doesn’t even see the money. Wouldn’t you like to at least touch it when selling… even for a minute? How about doing more? How about being able to re-use that over and over? If you can. That answer was for all those who read this and say “you know you can’t”. Here’s why… and how.

Let’s take a look at typical property financing. First, a loan is taken out and we purchase and rehab the property. We turn the house around, and when we sell it, we do two things: 1) We return the original financing (link); 2) We make a profit (hopefully). Now, to move forward, we need to get new funding and deal with the “App Triplets” again. You know, new Application, Appraisal and Approval. All expensive, slow and without guarantees.

Now, if it were a non-taxable form of debt, we wouldn’t need to pay back the money we borrowed… at least not right away. This also means that instead of just walking away with our profit to use, we walk away with all proceeds from the sale. Selling a house for $75,000 with $50,000 in taxable debt and walking away with only $25,000… profit. Sell ​​that same house with unencumbered debt, and we’ll walk away with the full $75,000…less closing costs. What would you rather do?

Turn “bad debt” into “good debt”

Well, before I continue, I need to respond to all the readers who say “I still have to pay the debt”. In fact, I have upcoming monthly payments that are usually very high due to the nature of the terms in most NLDs. So what I do is fund a cash reserves as part of the NLD. Tea cash reserves is your silent partner whose sole role is to make the monthly payments until you can build your system to be self-supporting and self-sufficient. Combine the earnings from the first few flips and buy/rehab a second “Flip House”, which will also reuse those funds over and over again as there would be no debt on that second house…you bought if for all the cash. The idea is to NEVER use the principle for anything other than the cost of the next Flip House. You are working with two “inverted houses” now after that second inverted.

Flip these two houses, combine the two winnings and buy/rehab a third Flip House. Again, you will reuse the costs of the three houses to buy/rehab the next 3 Flip Houses online. You now have three lines of Flip Houses. no matter how many times you try to spend the principle… they keep giving it back to you. Now, this is where the real fun begins.

While you have been developing your system, your cash reserve is shrinking to nothing. So, it’s about time you gave it back, don’t you think?, and “buy” more time. Keep in mind that these payments you’re making from the cash reserve are actually paying off the debt… or it doesn’t work, so when you’re calculating how much to put in the cash reserve, keep that in mind. Now for the real fun.

As I said, the cash reserve is “no more”, so pay it back…with one of the winnings from one of the three flip houses. What do you do with the other two benefits? Purchase/rehab a “holding house” for cash flow…with all the cash. Then continue flipping the three Flip Houses, over and over again, using the “earnings only” to buy more houses with “Cash Flow”, with everything in cash, occasionally repaying the cash reserve until the debt is paid off. .. and you are completely debt free.

The story of the tape… Einstein was a pretty smart guy

Question #1: How many times do we pay for these funds?

Answer: Ounce… we just didn’t pay it all back at once, as we would have if it were bond-capable debt.

Question #2: How many homes can we use these funds for (remember, we’re only going to pay them once)?

Answer: I don’t know. I’ll let you know when I stop reusing them.

We become our own bank. We are now leveraging our own money for ourselves, at no additional cost. Every time we repurpose these funds, at no additional charge, we drive down the cost of debt per household. This means that we have also just calculated the initial cost of this type of financing. insignificant.

Einstein was right. Composing is a beautiful thing. When combined with non-taxable debt, it can be a “gold mine” for real estate investors.

Military personnel and their families with VA home loans are not immune to the housing crisis, but efforts are being made to help them avoid foreclosure and stay in their homes.

The Department of Defense Homeowners Assistance Program was formed to help servicemen and women in the military sell their homes if the value of their homes declines due to base closings or readjustments. In 2009, it was expanded to assist military personnel and their families if DOD employees are killed or injured while deployed.

The program covers the difference between 95 percent of the home’s appraised value before the base closing announcement and the appraised value or sales price after the announcement. The government can also buy the property for 75 percent of the original price or pay off the mortgage. However, the program does not help service personnel if the value of their homes has dropped due to the housing bubble.

Some 12,000 families applied for help through the program, according to a USA Today article. More than 20,000 veterans, active duty military personnel and reservists with VA home loans lost their homes to foreclosure last year, the most since 2003.

Citing figures from RealtyTrac, the newspaper said foreclosures in zip codes near military bases were up 32 percent between 2008 and 2010. Nationally, foreclosures were up 23 percent.

USA Cares, a nonprofit group, provides grants to financially challenged service men and women. “While the mortgage and real estate crisis has affected all Americans, military families with fewer options have been disproportionately affected,” the group states on its website.

VA home loans can provide important benefits. Veterans, as well as active-duty personnel, reservists, and National Guardsmen, can use government-backed mortgages to purchase a home with no down payment. Home loans with no down payment can be up to $417,000, up to $729,725 in high-cost areas.

Veterans can also use VA home loans to refinance their current mortgage at current mortgage rates, although mortgage amounts are limited to $144,000.

Borrowers pay a VA financing fee up front, but that fee may be included in the total amount of the mortgage or paid by the seller, and the borrower does not pay for private mortgage insurance. Home loans are made through government approved lenders and are guaranteed by the government.

Real estate, at least in Florida, has become a hot market again. Everyone wants in and it shows on Real Estate ‘Auction’ sites like Auction.com and Hubzu.com. Previously, these sites simply worked with banks and “auctioned” their REO inventory, but now everywhere you go, you’ll see these $100 minimum bid auctions being advertised on these sites and others like Zillow, Trulia, and Realtor.com

Hey I want a $100 property, how do I get into this advertised action?

The foreclosure and REO industry is big and complicated, with many ways to profit and many ways to get burned. I won’t go into all the ins and outs of the industry and how to profit, but I would like to touch on these $100 auctions. County auctions are where a property’s foreclosure auction actually takes place. Yes, every county in every state holds these auctions on a daily basis. Each county has its own set of rules about the days and times they auction properties, as well as whether they hold their auctions online or in person. Any county in which you would like to participate will have those rules set up generally on the Clerk of Court’s website.

So, what are the steps I must follow to be able to bid?

If the county you want to participate in conducts their auctions online, you will need to create an account with that county before you can bid. Once your account is created you will need to fund it, percentages vary, but let’s say your county requires a deposit of 5% of the offer price. So what that means is that you have to put 5% of your maximum possible bid into this account, otherwise they won’t let you bid. You’ve decided you only want to bid on properties that cost $50,000 or less. You will need to add $2500 to your account. If the county you’d like to bid on has in-person auctions, you’d better come with a pocket (or briefcase) full of cash, it will be handed out at the close of the auction.

OK, I’m ready, on my first auction.

In online auctions, there are two ways to bid: you can set a maximum bid and let the software increase your bid as you are outbid, or you can view the auction in real time and bid manually. So, you’ve done your research and found the home you’d like to bid on… Did you receive a title report prior to the auction? Wow, more on that in a later post.

Today 30 houses are auctioned, his property is #17. So wait, wait, and property #11, two people are manually bidding on each other and waiting until the last second to make their bids, so this property that should take about 5 minutes is taking 20 minutes. What these two don’t realize is that you can’t make a sniper bid at these county auctions, the clock is reset. So you watch them for another 5 minutes and someone finally concedes.

OK, here we are at Property #17. There are too many scenarios to talk about, so we’ll cover a few assuming you’re bidding manually.

• Same scenario as #3, but this time you win the auction for $47,500. Congratulations, but you’re not done yet. Your dream property does not have a maximum plaintiff bid, is appraised at $60,000 and has a final judgment of $45,000, great, you can get in on the action. The offer starts and jumps to $45,100. OK, the plaintiff (most of the time the bank) can no longer bid, why don’t you ask, well that will be another post. Time is ticking and you bid $45,800, the bid price rises to $45,500. The clock ticks. The offer price goes up to $45,900, all of a sudden someone outbid you. You make another offer of $48,000 and the offer price goes up to $47,500, now you are winning. The clock is ticking, it’s almost yours, no, the bid price goes up to $48,100, you’ve been outbid by someone who thinks they can bid you, the clock starts over. This happens for several minutes until the other person exceeds your $50,000 bid limit.
• Your dream property says the plaintiff has a maximum stated offer of $35,000, is valued at $60,000, and has a final judgment of $36,000, excellent, you can get in on the action. The bidding starts and jumps to $55,000. Shucks, I guess you’ll have to try again.
• The dream property says that the plaintiff has a maximum stated offer of $75,000 and the property is valued at $100,000 with a final judgment of $75,000. Wow, I guess I should have seen it before spending all that time and effort, you can only bid up to $50,000 with your deposit.

I won, now what?

You won your auction for $47,500. Most of the time, the auction will email you directly after the auction you won with a request for the total you owe (not just the $47,500) but also the fees. If you have $48,000 in your auction account, simply log in and pay. If you only have $2,500 in your auction account, it’s time to move. Now you have to go to your bank, get the extra funds so you can take them to the county courthouse, deposit those funds, then go back to your computer, log in and pay the amounts online. In many counties, you only have until the end of the day (4 pm) to pay the funds. Otherwise, you will be banned and the property will be put up for auction again. Now wait 10 days for the deed and proof of purchase. That is if you don’t just buy a subordinate link.

I lost, now what?

So you’ve lost your auction. Unless you want to outdo everyone and money isn’t an issue, get used to it. There are many competitors in these auctions, including banks, and a lot of money that is used. Do your research, stick to your highs, and you’ll get there eventually.

future publications

• doing your research
• Rules for the plaintiff
• Coming In – Securing Your Vacant Profits, Oops, Yours Came With Tenants, WOW, Not What I Expected To See.
• Possible problems with your winning auction – Who are all these people on the defendant’s list? Right of Redemption – Homeowner and IRS, Title Reports, Did I Just Win a Subordinate Lien? HOA and equity lines
• property taxes

It goes without saying that you cannot live without one thing: the roof over your head. Most people want their own house, especially if they have a family to take care of. Of course, you’ll need to do a lot of planning before you buy a home, as this decision can have a big impact on you and your family. Let’s know more about it.

when buying a house

If you want to buy your own home, there are many things to consider. You may have to face some serious problems. For example, if you lose your job, it will be more difficult for you to keep your word. And in the worst case, you may have to deal with a short sale or foreclosure. This can have a negative impact on your routine life. So you may want to understand how it works.

Short Sale and Foreclosure

If you are not familiar with the two terms mentioned above, you should first understand the difference between the short sale and the foreclosure process. According to most people, foreclosure is a situation where you are forced to give your house back to the lending authority, which is a bank most of the time. Once the house is delivered from bank to bank, you no longer have to pay the debt.

a misconception

Apart from this, some people have the misconception that the short sale is not a real transaction, which is not true. No matter what happens, you must keep your word and be ready to meet the deadline.

Mortgage’s trial

In case of foreclosure, the lender has to auction your house to sell it to the person who makes the highest offer. The lender will list the property for sale within a certain period of time. However, the law requires the homeowner to appear in court. The owner of the house is the same person who borrowed from the bank. In court, the owner must present his point of view on the mortgage. If you, the landlord, have strong evidence, you must present it. If you don’t have strong evidence, the judge can issue a verdict returning your home to the lender.

On the other hand, in the event of a short sale, you can sell your property. You will find a buyer yourself and you will not have to appear in court. And it will be an agreement between you and the lender. However, in some special cases, you will need the professional advice of a good real estate broker. But before closing the deal, you’ll need to make sure the lender agrees to the procedure.

The two processes are different in some respects. It is important that you complete the short sale as soon as possible or the lender may lose interest in the property and not purchase it. But in case of foreclosure, you can’t do much as you will have to comply with the court decision.

To summarize, foreclosure is not easy. Therefore, it is important that you get help from a professional so that the process is completed in the best possible way.

In the summer of 1880, Billy Thompson was in a saloon shooting in Ogallala, Nebraska. After the shooting, the law kept him under surveillance at the only hotel in town, The Ogallala House, until he could be tried and hanged, which was a foregone conclusion for all residents. His brother Ben Thompson, a prominent gambler and gunfighter, was convinced that the Ogallala mob was waiting to come after Billy. He had reason to believe that if he showed up they intended to throw a tie party for two. Hedging his bets, Ben called on an old friend, Bat Masterson, to free his brother from the clutches of what was said to be twisted Ogallala law.

It all started when Billy competed for the affections of a local prostitute with the ignominious nickname of Big Alice. A salon owner named Bill Tucker claimed his appointments off duty and warned Billy to stay away from the damsel. Billy, not heeding the warnings, continued to mingle with Big Alice until he decided to confront Tucker at his tavern, Cowboy’s Rest. After downing a gut full of booze, Billy walked into the saloon and fired a quick shot at Tucker. The bullet struck the saloon owner in the hand as he was serving a customer a shot of whiskey. Tucker quickly counted the fingers on his left hand and discovered that his thumb was missing and that three other fingers had been mutilated. He grabbed a bar towel, wrapped it around his bloody hand, and hid behind the bar. Billy, thinking he had killed the man, holstered his pistol and staggered out of the room.

Tucker was far from dead. He stood behind the bar with a sawed-off, double-barreled shotgun. He ran to the door and with his good hand pointed the ten-caliber at Thompson, firing both barrels. Billy, who was a short distance from the room, fell to the street with five shots in the back and buttocks. Tucker’s friends rushed him to his home for medical attention, while the law dragged Billy to the Ogallala House, where he was treated and held prisoner.

Because Ben Thompson had saved his life or for whatever reason, Masterson felt compelled to help Ben retrieve his wayward brother from the Ogallala thugs and boarded a train to Nebraska. Arriving in town, which was little more than a few rough-hewn buildings huddled around the Union Pacific line on the north bank of the South Platte River, Bat surveyed the situation and found that he was defying the odds. Billy’s injuries made him unable to ride a horse, so the Bat had to come up with another method to get him out of town. He told Billy to pretend he was so weak that he couldn’t escape while he came up with a plan.

Biding his time, Bat befriended the young officer tasked with keeping an eye on Billy at the hotel. They played cards to pass the time, and Bat would often pay for a round of drinks. Then, after a few days, Bat saw his chance one Sunday night when the entire community turned out for a dance held at a school on the outskirts of town. The sheriff, who was the best fiddler in the area, was very fond of playing and made the crowd dance until the wee hours of the next morning.

The night of the dance, the Ogallala House had emptied out, leaving only Bat, Billy, the valet, and a bartender named Jim Dunn. Masterson managed to bribe Dunn into slipping a “Mickey Finn” into one of the whiskey sours he ordered for himself and the guard. The guard drank the spiked drink and Bat ordered another round. A few minutes after the second drink, the guard collapsed on the floor in shock. Bat paid the bartender and ran to Billy’s room, where he dressed the injured man. He then rolled Billy up in a rug, slung him over his shoulder and carried him to the morgue. They arrived just as the train pulled into the station around midnight. Bat boarded the train, placed Billy in a seat, and they set off in silence for North Platte, about fifty miles east of Ogallala.

At about two in the morning, they reached North Platte, where Bat shouldered Thompson down the steps to the station. It was completely dark, but up the street Masterson could see the gaslights of Dave Perry’s saloon. He managed to drag Billy through the saloon doors and deposit him on a pool table. Luckily Bill Cody was in the living room drinking and telling stories to his friends. Bat explained the situation of him and Cody, ever the showman, dramatically swearing that he would personally see to it that they did not fall into the hands of the Ogallala authorities and provide a means of getting them back to Dodge City.

This is where the story takes a comic turn. Without telling his wife, Cody gave Masterson his new phaeton buggy and a well-bred horse to transport Billy out of Nebraska. Furthermore, he offered to let them continue along with the group of dignitaries he was leading on a trip to a large cattle ranch some twenty-five miles south of North Platte. The Europeans, who had been sent by General Sheridan, were traveling west to see the frontier wilderness firsthand, and Cody was in charge of escorting them to Keith’s ranch. The twenty foreigners arrived eager for the famous Buffalo Bill to guide them through the wild plains and he was in his element, full of grand gestures and dramatic flair.

As the caravan assembled, Cody asked Masterson to drive his double truck and let another ranch hand drive the buggy carrying Thompson. Bat quickly discovered that the dining car was loaded with a small amount of food and a large amount of liquor. All the riders were given a strong drink, and then Cody signaled for the group to begin their journey. After riding for a short time, Cody stopped the riders for a rest stop that included a generous supply of “liquid refreshments.” He repeated this routine for several more stops until the caravan was having a great time, but he was finding it harder and harder to stay in his chair.

Finally Cody, swaying in his chair, rode to the dining car and splashed aboard. He immediately fell asleep and Bat was left in charge of leading the group south. Bat, who had also had his share of liquid soda, could barely steer the car and after a short distance hit a pothole and flipped the car onto his back. Masterson was thrown from the car, but Cody was trapped under the bed, covered with the load of “sodas”. Bat had landed on his face and was stroking a bloody cut on his lower lip. He and the others managed to right the dining car only to find that Cody was uninjured and wondering what the hell had happened.

They eventually reached Keith’s ranch where they ate dinner and Cody sobered up enough to entertain his entourage with his legendary shooting and horsemanship skills. The next morning, Masterson, with a swollen lip and a massive hangover, hooked up with Cody’s Mrs. Phaethon and headed to Dodge City with Billy. Shortly after leaving the ranch, a huge black cloud swept over them from the west, dousing them with torrents of bone-chilling rain. He kept raining down on the couple for the rest of their two hundred mile journey.

Several days later, Mrs. Cody’s carriage pulled into Dodge City with Masterson at the reins and Thompson wrapped in a sodden buffalo robe. They were both covered in mud and completely drenched. Shivering, Bat wheeled the weary horse toward his favorite hotel, where a hot bath and a decent meal were always available. Billy climbed out from under his buffalo hide and demanded that they first stop at the telegraph office where he wired the sheriff of Ogallala. The message said that he had arrived safely in Dodge and that the sheriff could meet him there if he wanted to go looking for him.

Over the years, Billy Thompson had been accused of many things, but never, ever, of being very smart. Fortunately for Billy, the sheriff decided it wasn’t worth the effort and dropped the matter.

RV travel trailers were established in the year 1920, behind regular vehicles. Such trailers were used primarily for accommodation. Therefore, they are very small compared to an RV. However, over the years these trailers have changed in shape, size, and amenities. The basic difference between an RV and a trailer is that the former has several compartments that are used for traveling around the world. It comes with a living room, bedroom and kitchen and bathroom. However, a travel trailer is small in size and often only has a sleeping compartment. It would basically accommodate two people; however, the larger ones can accommodate a group of friends, etc.

Newcomers to RVs are equipped with many amenities, allowing them to serve as motorhomes or hotels. Due to the larger size and multiple features, the “RV” requires more maintenance compared to the travel trailer. Visiting different places in the world is a very interesting experience. Although there are many modern infrastructures like shopping malls and theme parks for people to relax and unwind, camping trips and nature trips seem to be the preferred means of leisure for many. While traveling, it is a perfect idea to use a camper trailer. With the help of such a caravan, it is very easy to make a short trip; as such, an RV is preferred for a few days trip such as a weekend get together.

In addition to comfort, it provides ample protection and security to people who travel. None of the wild animals can easily access them while they are in the camp or park. The protection and safety of people traveling are very important. Therefore, it would be a very good decision to use these field trailers as it meets the requirements of a carefree trip. Recreational vehicles have become more popular in many countries as people prefer to get away from their stressful work environment. The advantage of using an RV is that you can cook your own food, since you have all the utensils, refrigerator, stove, oven, etc.

Apart from this, you can also sleep in a comfortable bed and feel at home. Another important advantage of an RV is that it saves you a lot of money. You could save hundreds of dollars a year on dinners out and hotel bills. You can opt for a new RV or the used RV, depending on your needs and preferences. You could also rent the same in some of the major cities and tourist spots.