Portuguese Real Estate Market Looks Subdued in the Near Term

Picture the Algarve with its sun soaked Mediterranean coast, warm, dry climate for most of the year, beaches after beaches of white, powdery sand, mountains and orange groves and it’s easy to understand why Portugal continues to attract tourists in droves. Other popular tourist destinations are parts of the northern coast including Oporto and coastal Estoril, south of Lisbon. Great weather and natural splendour have also made Portugal a long-time favourite with second home buyers.

Encouragingly, Portugal’s tourist industry has proved robust enough to survive the recession. According to figures released recently by the Bank of Portugal, the country has earned almost 6 billion euros in revenues from tourism during the first three quarters of 2010. This is good news for those with Buy a house in Lisbon areas popular with tourists.

Tourism apart, Portugal’s economy remains sluggish. GDP growth in Q2 2010 was just 0.2% q-on-q and annual GDP growth for 2010 is expected to be around 0.5%. Against the backdrop of the recent sovereign debt crises in Greece and Ireland, Portugal’s worryingly high public debt is discouraging investors. Credit rating agencies have downgraded Portugal’s credit rating. In an attempt to trim its budget deficit, the government plans to limit public sector pay hikes, delay investment in the railways and cap tax deductions.

Overall economic weakness and the situation in other EU countries have led to an erosion of confidence, which is hampering the recovery of Portugal’s real estate market. In mid-2009, house prices began looking up largely due to low interest rates and government stimulus. However, according to a recent report from the National Statistical Institute or INE, the average price of residential properties fell by 0.3% in Q2 2010. Algarve alone resisted the price fall, with the average price increasing by 1.9% over the previous quarter. Its splendid Mediterranean coast continues to attract second home buyers from cold, damp climates.

Property prices in Portugal have, however, not fallen as drastically as they have in neighbouring Spain. That’s partly because Portugal did not experience the property boom that Spain and some other EU countries saw. Though prices Apartments for sale in Lisbon, Portugal  are expected to fall further, nobody is expecting a freefall. There are some bargains available and prices of some properties are negotiable but only to a limited extent. In general, the Portuguese property market has not seen the massive price reductions experienced by the Spanish market. Premium properties in popular locations are still holding their value.

The most expensive residential properties in Portugal are in the Algarve and AM Lisboa where the average price exceeds 1,400 euros per sq.m. Centro and Norte are where the most inexpensive houses are located. Average prices here are below 1,000 euros per sq.m. In all regions including the Algarve, average prices are still below the peak they reached in 2007.

Estate agents and developers appear pessimistic about property prices in the short term as indicated by the RICS/Ci Portuguese Housing Market Survey dated October. With fewer buyers showing interest, the property market is faced with a situation wherein supply exceeds demand, causing prices to remain lacklustre.

Going into 2011, the real estate market is expected to be subdued and prices could fall further. Increasing unemployment, austerity measures and international concern over Portugal’s worsening deficit are expected to depress real estate sales further. The mortgage market is growing at a very slow pace though interest rates are still relatively low. As most housing loans have variable rates, potential buyers are worried about future increases in interest rates. Also, lending norms have been tightened to some extent.

The economic situation notwithstanding, Portugal is still a pleasant destination for a holiday home. With prices relatively low and likely to fall a bit, 2011 could be an opportune time to go house-hunting in the Algarve or another region of your choice. Whereas short term returns are unlikely to be positive, there appears to be potential for decent medium to long-term returns on vacation homes in the best locations.

Points to note about Portuguese property transactions:

  • Foreigners are free to buy property for personal use
  • Those intending to purchase property for business or as an investment need a sanction from the Portuguese Institute of Foreign Trade
  • A tax card and fiscal number must be obtained from the local authorities
  • Buyer must nominate a postal address in Portugal for necessary documentation
  • Those who buy community-managed apartments are required to purchase a proportionate share in the organization and to be responsible for the maintenance of communal areas
  • Registering a deed costs 1% of property value and legal fees vary between 1% and 2%
  • Stamp duty can go up to as much as 7.5% of the purchase price if the property is bought through auction
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World’s Most Unusual Garages/Garage Spaces

Our garages at home no doubt serve one of a few common purposes. They tend to either be a place to actually store vehicles, as intended, a dumping ground for things people don’t want to store in their houses or perhaps something a little more creative such as a workshop or home gym.

But while most of our own garages no doubt look pretty much the same in many ways, across the world you will find all sorts of unusual garages and places to store vehicles. We spoke to Lock Up Garages to find out what a few of their favourite garage spaces are to bring you the following list!

Kansas City Library’s giant bookshelf

Located in downtown Kansas City, you will find a rather striking feature in the form of the parking garage for the Central Branch of their public library.

Community input was sought when it came to a way of making the garage look a little more beautiful, and the idea of a bookshelf was eventually settled upon. Community members got to vote on which titles would be displayed, and the chosen volumes include The Lord of the Rings by J. R. R. Tolkien and Fahrenheit 451 by Ray Bradbury among a wide range of famous literature. The “books” themselves sit at 25 feet high and 9 feet wide.

Michigan Theater

The Michigan Theater first opened in 1926, and its grand columns, crystal chandeliers, carved balustrades and marble archways fell into disrepair over the decades, leading it to be listed for demolition to be turned into a car park for the office tower it stands next to.

However, after studying the plans it was decided that the demolition would damage the offices, so the theater itself became the car park, with most of the original features still intact.

Rheinauhafen Tiefgarage

This particular car park is unusual because of how far it stretches, running for about a mile underground along the Rhine River in Cologne, Germany. The car park is for the Rheinauhafen project, and you can see a video of the drive through the garage here.

Autostadt Car Towers

At the Volkswagen Autostadt in Wolfsburg, Germany, you will find the Car Towers, which are another example of impressive car storage. Winning the title of the world’s fastest automatic parking system in the 2014 Book of Guinness World Records, the towers are a place to store new cars before they are delivered to the customers buying them.

When a customer arrives to collect their car, the customer service agent will set one of the car shuttles in motion which selects the correct vehicle, brings it into the centre of the tower, and then rolls it through a tunnel into the Car Distribution Centre.

Visitors can also ascend the tower to see the technology and inner workings in action, being taken up to the top of the tower where the vehicles are stored.

These are just a few examples of some of the most incredible and unusual garages and car parking spaces to be found throughout the world, we hope you enjoyed this list.

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The Benefits of 3D Architectural Animation

3D architectural animation has become an incredible too for architects and developers. It allows for developers to bring their creations to life without the need to actually build anything. That way everyone involved will have an idea of what the finished project will look like. The business environment has never been competitive, which is why innovation is so important; particularly in manufacturing and construction. 3D architectural animation offers a lot of benefits and should be considered by everyone in the construction and manufacturing industry.


The Benefits of 3D Architectural Animation

  • Realistic and Quick

3D modelling and animation allows a designer to take the lines of their 2D drawing and turn it into a realistic image of their architectural service. It makes the design stand out even more and allows customers to take a virtual tour of the completed project to see for themselves what it looks like inside and out.


  • Cost-Effective way to Boost Business Performance

With the help of 3D architectural animation you’ll be able to spot mistakes and loopholes in a design long before construction actually begins. This allows you to save all the time and money that would go into correcting a mistake during/after construction. It also boosts operational efficiency as designers and architects have a visualization of the project, allowing them to bring the vision to life in a quicker and more cost-effective manner.


  • Stand apart from the Competition

The distinctive visual capabilities of a high quality 3D architectural animation helps present your vision in a way that no other medium can. It gives you an advantage over the competition by showing just what your plan will look like when brought to life.


  • Find Problems Before Construction Starts

Because a design is developed virtually in 3D with design data this method is great for spotting potential problems in the design and style that might be overlooked by a regular quality control process. As these designs utilize data from every discipline, the visualization process can unveil cross-discipline problems as well.


Make the Most of This Great Tool

As time has passed 3D architectural animation has become familiar with developers and architects, changing how we approach design and sell a vision. Even so, there are lots of people who don’t fully understand how this technology can improve their professional lives. The animations can be combined with live action and commercial video production to present a branded story to explain why the architecture is good for everyone, showcasing the design and style and immersing potential buyers into a project.

The right 3D animation in the way of video production servicescan showcase your project in a way that no other medium can. It shows people the ins and outs of your design and effectively creates it in virtual reality ready to be explored. Spot potential problems before they arise and sell your projects like never before with the help of 3D architectural animations!

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what is a hard money loan and when is it used?

Hard money loans provide a needed resource for holders of both residential and commercial properties. Unlike conventional or even subprime mortgages, they are asset-based loans. Because hard money lenders base their loans completely on the value of the underlying asset, they use a different qualification standard.

When borrowers are unable to qualify for traditional mortgage loans, are in financial distress, need a loan approval faster than a conventional lender provides, or need a loan for rehab and repairs, hard money loans often provide the most practical and cost-effective solution.

What is a hard money loan?

Hard money loans are short-term loans, similar to the bridge loans used in construction projects. Lenders usually grant terms between a few months and a few years. Payments remain affordable because the borrower does not pay back the entire principal during the loan term. Rather, each month, the borrower pays a portion of the principal similar to a 30-year mortgage, though some hard money loans are interest only. When the term expires, the rest of the principle becomes due in a balloon payment. Most borrowers either sell the property of refinance it before the balloon payment comes due.

Hard money lenders base approval on the loan-to-value (LTV) ratio. Typically, the LTV must be below 80 percent. Most hard money lenders pay little or no attention to the borrower’s credit history. In these types of loans, approvals are based on property value instead of credit history.

The LTV becomes of primary importance because the lender does not review the borrower’s credit profile or verify the borrower’s income. The only security the lender has comes from the value of the property. Because an 80 percent or lower LTV indicates that the property has sufficient equity, the lender knows that it can repossess the property and sell it, to recoup its losses if the borrower defaults.

As an asset-based loan with no credit checks, hard money loans are considered high risk and come with proportionately high interest rates. Rates range from 8 to 20 percent. This broad range ties to a number of factors.

Borrowers on properties in excellent and good locations can usually qualify for hard money loans at the lower end of the interest-rate spectrum. Borrowers with properties in bad and remote areas often must pay much higher rates. The condition of the property also affects the interest rate. The better the condition of the property, the easier it is to sell; therefore, it presents less risk to the lender.

Like conventional banks, hard money lenders charge points. Each point represents 1 percent of the loan amount. For example, a $100,000 loan at three points means that the lender charges the borrower $3,000 in points. Unlike conventional banks, hard money lenders do not base points on credit profiles. Instead, points are assigned based on the location and condition of the property. Good locations and excellent property conditions merit just 2 or 3 points, while poor locations with properties in bad condition mean borrowers have to pay more points, to compensate the lender for the increased risk.

When are hard money loans used?

Borrowers often opt for hard money loans during times of financial distress. Because hard money loans have few credit requirements, they are the optimum resource for homeowners with equity in their home when they suffer financial setbacks. Often, they provide the lifeline that prevents the homeowner from losing their home and its equity in foreclosure or bankruptcy.

For example, a borrower may owe $300,000 on a $400,000 home when he falls into financial trouble. He falls many months behind on the mortgage and the bank starts foreclosure proceedings. Any attempt to refinance with a conventional loan fails because his credit score has sunk too low.

This borrower can save his house through a hard money loan! Because his equity places him below an 80 percent LTV, he qualifies for a hard money loan, regardless of his credit score. He can then use the hard money loan to pay off the foreclosing lender and save his home and keep his equity. Then, depending on his circumstances, he could sell the home and cash out his equity or refinance the hard money loan into a long-term mortgage once his financial situation improves.

Investors also benefit from hard money loans. Often, they need to close deals fast or lose to the competition. Conventional lenders take 30 or more days to close loans, making them a poor option. Hard money lenders can approve loan requests right away, allowing the investor to seal the deal.

Hard money loans also work great for rehab properties because the LTV can be based on the actual repaired value (ARV). When loans are based on the ARV, investors and home buyers are able to loan enough money to buy the house and complete the repairs. With a conventional lender, they can only loan enough to make the purchase. If they don’t have cash on hand for the rehab, a hard money loan is the way to go!

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The Best Resource For Calgary Real Estate Properties, Listings and For Sale by Owner

How can we help you in your search for Hawkwood Calgary real estate? With over 20 years of experience as real estate investors we really know the Calgary real estate market and can help you find a win win solution for your needs. We buy and sell homes throughout Alberta. We also have a large number of homes in our inventory for rent and rent to own. Calgary homes are in big demand at the moment with the current economic climate in Alberta and we know that the search for real estate properties Calgary can become frustrating.

Every where you look agents are trying to list your home, we are not agents and we do not charge commission so why wait 90 days to sell your home and still lose a bundle. Most of our listings are from real estate Calgary home owners just like you who have offered their homes for sale by owner and we have found a hassle free solution for them. If you have a mortgage we can assume it, pay any arrears if there are any, you could even rent back from us if you do not wish to move. The possession date is not an issue with us. We are not concerned with the condition of the property and will also consider manufactured homes, custom homes, duplexes and four plexes.

The demand for real estate properties Calgary is high at the moment. Contact us to get a fair price for your home, we are private investors and do not charge commission. Our goal is to create a win win solution for Calgary homes. We are up to date on the market value of real estate Calgary and would like the opportunity to chat with you regarding the best solution for your needs. Listings are what agents really want, we want to buy your home, if you have a mortgage that we can assume we would be happy to do that to save you an unnecessary payout to your mortgage company. Residential homes are our specialty throughout Alberta so even if you are outside Calgary we would like the opportunity to help you

Selling your home and buying a new one can be over whelming at times. By speaking with us about your Hawkwood Calgary real estate we can help ease the pain that you may be going through trying to decide what to do, where to move, what to do with your mortgage and perhaps being forced into a sale that will not meet your needs if you list your Calgary homes. We are always interested in real estate Calgary, and no property is too small or too big for us to consider. We can also trade your home for one of the ones in our current port folio. If you need a place to rent while deciding or perhaps building your new home, we may also be able to accommodate those needs

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Retirement Property in Belize – Where Is Belize?

Where on earth is this tropical paradise and what is all the buzz about it being “Mother Nature’s best kept secret”?

Welcome to the retirement property in Belize real estate articles. Learn about this up and coming country that is the next haven to visit, live, invest, retire and play in.

Belize is a tropical paradise on the east coast of Central America located south of Mexico and is east of Guatemala. It’s 174 mile coastline is on the blue Caribbean sea with its white sand beaches with the worlds second largest coral reef and islands that is 185 miles long.

Geographically Belize is located from 15 52′ 9″ to 18 29′ 55″ North Latitude, and from 87 28″ to 89 13′ 67″ West Longitude. Belize has an area of 8,866 sq. miles which includes 266 sq. miles of islands.

Belize city is only about a two hour flight from Houston or Miami.

The incredible Eco System:

There are so many rich and untouched eco-systems in Belize which attract naturalists, explorers and adventurers from around the world.

Hike to 3680 feet to the majestic Maya mountains and visit it’s mystical Mayan ruins along the way.

Go cave exploring or sea kayaking, see the amazing water falls, explore awesome rivers, hike and zip-line through the tropical rain forests or visit the Savannah with over 500 species of amazing birds including the Toucan and wildlife galore, mangroves, Mahogany trees, rivers and ocean canals. 60% of the forests are now protected to preserve the Jaguars and Tapirs

Then off to the ocean to visit the Cayes and atolls with their sun-drenched beaches is one of the main attractions for living in Belize. Go scuba diving in Belize on the pristine reefs or in the world renowned Great Blue hole, or go snorkeling in Belize and see the unique marine life such as Whale sharks, turtles, dolphins, manta rays, lobsters, many fish and conchs.

You can go sailing, boating or deep-sea fishing in Belize. Belize is truly a water sport enthusiast’s dream come true.

The people:

Belize is a Commonwealth country of about 300,000 amazing people making it one of the lowest density populated countries in the world. English is the main language spoken with Creole, Spanish, Mayan, and Garifuna (in the Stan Creek district) widely spoken throughout the country. You will hear many other languages spoken from around the world as well depending on where you are.

I was in awe when I discovered one visionary property development in Belize that has an abundance of these eco-systems in one place.

The spectacular “Sanctuary Belize” International living in Belize is an easy lifestyle choice in this gated community. Invest in Belize real estate as this is the next country to boom as the development property in Belize is starting to take off. Real Estate in Belize is selling quickly.

To learn more about this amazing property visit my website RetirementPropertyinBelize.com I provide my members special offers to learn and visit and retire in Belize that are irresistible.

“You woke up breathing today, so go for your goals! What are you waiting for?

See you in Belize.”

Allen Kessler, fell in love with Belize and purchased a property in an amazing Eco-Friendly 14,000 acre community.

He is learning about Belize and is sharing his research and information with others who are looking to retire to a tropical country. There are so many topics to learn about and Allen is providing all the information you want about Belize to learn if it is the place for you.

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When Should A Hard Money Loan Be Used?

A hard money loan is a short-term mortgage that uses the value of the property as collateral. They have several advantages over conventional mortgages from a bank. The money can be obtained more quickly than with a traditional mortgage. The qualification process is more flexible too, as long as the property meets an acceptable equity threshold. They often have higher interest rates than a traditional mortgage, but they often have shorter terms of only one to three years.

What Is A Hard Money Loan? 

Sometimes hard money loans are called bridge loans because they are used to finance a property until a traditional mortgage can be secured. Banks have strict loan requirements, a longer time to approval, and often have requirements for the property value, and condition of the property. A bank or traditional mortgage lender relies on the creditworthiness of the borrower to secure their loan. This is not the case with hard money lenders. Hard money lenders have a tangible asset that they can leverage in case of a default.

Traditional mortgage lenders typically want to see a credit score of 640 or above. They also need proof of employment, pay stabs that prove consistent income up to the past year, and a debt to income ratio under 50%. Some lenders have more stricter criteria, while others are slightly more lenient. National hard money lenders also have certain standard loan qualifications. They typically require at least a credit score of 550 or above, 2 to 3 months bank statements, the property locations and purchase price, as well as a CV or resume that details the borrower’s prior experience and projects.

Loans For Investors 

Hard money loans are perfect for those who wish to buy and renovate properties and then flip them for profit. They are also good for those who wish to purchase rental properties, or multi-family units. Hard money loans offer solutions for portfolio investors who own multiple investment properties. In many cases, a conventional mortgage cannot be obtained if the person already owns multiple properties and has between 4 to 10 mortgages. Hard money lenders are more flexible in these cases, as long as the person can demonstrate a track record of strong profits.

Hardproperty loans are also good for buy-and-hold investors who need a quick approval and funding time to make a deal go through. Investors can use hard money loans to compete with cash buyers and make their offer more attractive. The quick approval time of a hard money loan can be used to leverage a sale the same as if it were cash. This gives the investor an advantage over others who have to obtain a traditional mortgage.
Fix and flip investors love hard money loans because there is an option to pay the interest only as the property is being renovated. At the end of the loan, the flipper repays the loan when they sell the house for profit. Many conventional banks and mortgage companies will not even consider offering a loan for rehab properties.

Loans for Owner Occupied Homes 

Hard money loans are also an option for those that already own and live in their home. However, there are laws in place to help ensure that the homeowner will not lose their property by means of default. Sometimes hard money loans are referred to as last chance loans because they will lend to people who have exhausted their other financing options.

Hard money lenders fill a specific niche in the mortgage lending industry. This type of loan is great for people who have plenty of cash on hand for a down payment, but who do not meet the credit worthiness or other financial qualifications for a traditional mortgage. Hard money lenders will even give you money if you have a foreclosure on your record, which is something that conventional lenders would not even consider.

Typically, most hard money lenders will only finance 60 to 75% of the property value, and you have to come up with the rest on your own. Even though the interest rates are higher than a traditional bank, the term of the loan is shorter, and provided you can make the payments, you will have it paid off quickly. Most hard money lenders charge from 3 to 6 points upfront.

A hard money loan can offer options for both investors and private homeowners who need to get cash quickly. Because you will not have to fill out the extensive paperwork, a hard loan lender can get you the money that you need in a week or less. This allows you to make an offer on the home that you want, get money for repairs or renovations, or give you the money that you need until other sources come in.

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Finest Wooden TV Stand for Your Living Room

So, you get a new TV set. This one is the wide screen model with the latest technology. Surely, that device will allow your family to enjoy TV entertainment in much better way. Since the new TV is much bigger that the previous one you have, the old TV stand may no longer accommodate it and that means you need a new TV stand. That’s only right that the TV set has the perfect TV stand it deserves.

Although you like the latest gadgets and electronics, when it comes to furniture and interior decoration, it seems like you prefer more classic approach. You like the elegant old fashioned wooden furniture than the ones with more modern style. We must agree with your choice and more over looking for wooden TV stands isn’t supposed to be difficult. You can come to any furniture store and find several products there. But of course, you need more than just any wooden TV stand. You want the one with fine quality made from top grade wood with precision on every detail. That’s the only thing to make sure the TV stand is durable and last for many years while also able to give impressive visual look.

Thanks to Furniture in Fashion, now you can shop for the finest furniture product without any hassle and from the comfort of your own house. No wonder since this online furniture store is one of the largest in UK with wide varieties of product selections. This store has interesting selections of TV stands with wood as main material. You can browse through the collections and find many great products with excellent built quality. Lucky for you, this is the right time to by your preferred furniture because Furniture in Fashion is currently offering big discounts for its product selections. Don’t miss this big opportunity!

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What Exactly Are Double Headed Ceiling Fans?


Two Motors, One Fan

When ceiling fans made their big comeback during the late 1970’s, regardless of the fan or name brand model, they were all pretty much based upon the same concept. This concept consisted of a single motor hanging from overhead, with blades attached that spun parallel to the floor and to the ceiling (providing the ceiling was flat, and not angled). These fans did the job, but often times were an eye sore to look upon.

Since that time ceiling fans have come a long way. With new innovative materials available, fan manufacturers are able to make different blade shapes, when compared to the flat wooden blades of traditional models, which have allowed for many refinements in styling. Now days, you can find so many modern and unique ceiling fan styles that are far from being considered an eye sore.

Probably none being more unique than the emergence of the double ceiling fan. These fans use dual motors, mounted by a horizontal bar that connects the two together. Each fan motor has its own set of blades. These blades usually spin in a vertical pattern parallel to the walls, versus to the floor at single motor traditional ceiling fans.

Large Sized Dual Models

The first double fan ceiling fan that came into existence, and really the one that started the idea of all of the different dual head models you’ll see on the market today, was the Fanimation Palisade.

The Palisade is still manufactured today, but with quite a few different blade options from what the original offered. The Palisade ceiling fan is now offered with palm leaf blades on each end (the original idea) but also can be purchased with wooden blades, and bamboo blades. Whichever blade selection the fan is displayed with will create an unique look that is perfect for people who have large rooms with high ceilings, and that want their ceiling fan to create a lazy and relaxing atmosphere. There is even a monkey accessory that can be mounted to the downrod extension, for those who want to create the ultimate tropical paradise.

Since the Palisades, Gulf-Coast fan company came out with their own version of a large dual ceiling fan, called the Twin Star. The fan is now in its third generation and is called the Twin Star III.

This fan took Fanimation’s idea a step further by designing their double headed ceiling fan motors to tilt to different angles, thus somewhat changing the look, as well as changing the pattern of airflow into the room. With the larger blades, the angles of the motors can be adjusted from the standard zero degree, to a 45º angle. And with the use of the smaller blades available there is also a 90º motor tilt option. This allows the fan to be used on much lower ceilings from what is needed with the larger blades, especially when used on the zero degree motor tilt.

Gyro and Oscillating Overhead Fans

Becoming extremely popular in today’s market are dual motor ceiling fans that gyro around the center point of the fan, as well as some that oscillate in a back and forth motion.


The ever popular brand name Minka Aire has a complete line of Gyro series ceiling fans. Six different models to be exact. The Victorian inspired Traditional Gyro is very popular for those trying to replicate an antique décor theme, whereas the Cage Free and Elemental Gyro series work best for those with contemporary interiors. They even have a Gyro dual outdoor ceiling fan!


These fans get their name by the way they operate. Each fan has two horizontal bars on each
 side of a well balanced center hub. The center hub has sealed ball bearings, and once the blades begin to move air from each of the two sides, it causes a gyro affect, which causes the two motors to begin to spin round and round the center hub. The higher the speed, the faster this rotation becomes. This is really great for spreading airflow into every corner of the room.


A dual oscillating ceiling fan does not spin round and around a center hub like a gyro fan does. Instead, it truly oscillates from side to side, sort of like the way a floor or desk fan works. The difference is the motors stay in the same set position, and the oscillating motion comes from the center of the fan.

TroposAir Fan Company was the first to come out with a dual oscillating ceiling fan. It is called the Mustang II, and the design is inspired by the Twin Mustang P82 airplane, used in WWII.

With this double oscillating ceiling fan, the motors can be adjusted at any set position, from 0 – 90 degree angles, so that airflow is spread across the room in the desired pattern. The oscillating feature can be turned on or off at the press of a button on the included handheld remote control. Most use the Mustang II inside, but it is also an outdoor rated ceiling fan, and can be used on the patio to make the summer days more bearable.

In Conclusion

If you didn’t already know what folks where referring to if you ever heard the term “double ceiling fan” mentioned, I hope reading this has shed some light on the product for you.

If you are interested in viewing the models mentioned in this article, you can see them all at http://www.palmfanstore.com.


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The L Steps – 6 Steps of Real Estate Investing

Real estate investing in Miami real estate is now becoming popular again as there are many properties in foreclosure, short sale, bank reo’s, and government foreclosures. With such an overwhelming inventory of homes available for sale a real estate investor must be able to determine which one to purchase. Investors must follow six steps in order to learn, understand and achieve Miami real estate investment success.

These are the six L steps to Miami real estate investing:

1. Location – Location, location, location is still the key of buying Miami real estate. Buying Miami real estate just because the price is low in a declining area is big mistake that should be avoided. Look for homes in an excellent location like, good schools, economic stable and growing neighborhoods, near shopping centers and malls, near bus stops and metro rails, near hospitals and restaurants. Sometimes it is better to pay a little more for a property in a good location than getting a bargain in a place where it is very hard to sell or rent the asset. Location is often overlooked in purchasing real estate as many investor think they can overcome a bad location if the price is low enough. Out of two homes that are exactly the same, the one in the best location will command a much higher sales price and rental income. Location is the number consideration when purchasing Miami South Florida real estate.

2. Long Term – Real estate investing is a long term proposition. Don’t think you are going to be a millionaire over night. It takes years of hard work and dedication in order to succeed. Hold any property at least one year before selling it. Capital gain taxes will be greatly reduced. Consider renting the property for at two or three years. The rental income generated will help you to properly repair and renovate the property. Many investors purchased properties in the middle of real estate boom with no money down and no equity. These investors were thinking of flipping the homes fast and make a killing in the process. Many homes now in foreclosure are due to investors that were caught in the middle and now realize that real estate investing is very hard to time. Long term Miami real estate investing is the secret to a successful real estate career.

3. Lease Option – Never rent a property with a lease option to buy. Either sell or rent it straight out. A lease option usually is a disaster for both buyers and sellers. The tenant will demand a large discount of the rent to go towards the down payment and closing costs. The problem is that tenant will not buy the property at the end of the lease and the landlord/seller will have wasted a lot of money in rebates given to the tenant/buyer. Demand a 20% or 30% deposit from the tenant/buyer and a clause in the contract that if they default on the purchase they will lose the deposit. This technique will force the tenant/buyer to purchase the property or lose the deposit. The risk of losing the deposit will eliminate the tenant from taking advantage of the landlord by walking out of the contract after receiving a monthly rental discount.

4. Local – Buy real estate close to where you live. Don’t buy real estate in another state or in another country. Keep real estate investing local. Buy in your own county and in your city. The more you know about the area where you are buying the better the decision will be. The investor should always be close to the investment property. The Miami real estate investor should inspect the property often to determine any repair, roof and other problems. The landlord must inspect the property every month when collecting the rent. Check for the number of tenants actually living in the property, check for damages and destruction of the property and overall condition of the place. The investor/landlord will not be able to inspect and determine the condition of the property if it is located far away. Keeping real estate local is an essential step in real estate investing.

5. Leverage – Most real estate books and seminars tell you to use other people’s money when purchasing real estate. This technique is not the best and buyers should try to buy the property in cash if at all possible. Buying a house in cash will help you get a better deal and allow you to negotiate from a position of strength. A cash buyer will always have the upper hand in negotiating with banks, property owners, and other sellers. Cash buyers will not suffer and go into foreclosure if the market turns and they are unable to sell or rent the house right away. Like Dave Ramsey always says “cash is king and debt is dumb”. Buying an investment property in cash is an excellent way to avoid Miami real estate investment mistakes.

6. Learn – Research the property and learn everything about it before you buy. A mistake in Miami real estate investing can be very costly. Usually you make your money when you buy not when you sell. Buying the property at the wrong price the wrong place and at the wrong time could be detrimental. One mistake could wipe you out and put you out of business before you start. Ask questions to the experts, real estate agents, appraisers, mortgage brokers, and other real estate investors. Learn, research, educate yourself in all aspects of real estate investing before you purchase the asset.

It is definitely a buyers market in Miami-Dade County. Miami real estate investors have more choices than ever before when it comes to real estate investing. Investors must follow the L steps, the 6 steps real estate investor guide to successful real estate investing in order to achieve their investment goals in the Miami real estate market.

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