Wednesday, August 29, 2012

Bunga-Bunga Party Opens in Tampa | Barbara Sehr - seattlepi.com

Hurricane force winds are bloviating along the West coast of Florida?and there?s an actual storm headed in the direction of New Orleans. Just when Tampa Bay thought it was safe from Hurricane Isaac, the Grand Old Party is descending on the scene to prepare its battle cry in the War on Women. Soldiers of Fortune have been deployed to the original Hooters restaurant in nearby Clearwater for basic training in figuring out enemy strategy. Despite the one-day cease fire enforced by the manly Isaac, the chauvinist skies above the bikini-clad beaches are filled with Trans-Vaginal Airlines flights that were redirected from their aborted Virginia landing.

These Republicans gathered in Tampa are not your Ronald Reagan GOP. Reagan did everything he could to raise funds for Contras?even if he had to do so illegally?these Republicans want to make funding for Contra-ception illegal. This generation of Republicans wants to restore biblical definitions for terms like ?marriage, ?rape,? and ?women.? At least many have adopted the literate work of a woman, Margaret Atwood, in their effort to create a New Testament definition. Instead of an Equal Rights Amendment, women will soon be offered the Handmaid?s Tale amendment.

Instead of wasting their time on the opinions of women themselves, the GOP is probing its ultrasound policies as a replacement for the Democrat?s Affordable Health Care Act. Under the GOP health care act, fetuses will get all the health care that can be bestowed upon a corporation. As a result, the fetus can grow safely into a person until it is acquired by big business and outsourced into China, or some suitable homeland that will give it the right to acquire a family or grow into the challenge of a sweatshop environment. Current GOP programs that cut off fetuses from support at birth will be continued. ?There?s entirely too much regulation in this country,? a GOP delegate admiring a Hooter?s server, remarked. ?It?s time we reduce the size of government to the point where it fits into a woman?s uterus.?

Meanwhile, the GOP platform committee is wrapping up work on its platform designed to raise up women to proper chattel status. In addition to its current endorsement of the Todd Aiken/Paul Ryan rape sperm shield amendment that forces young women to valiantly carry the sacred sperm of guests uninvited to their lady parts, the platform may make it illegal for women to vote, own property, or speak back to their husbands. Women who are convicted of violating the proposed law would undergo a historic ?trial by ordeal.?? For instance, women who survive fire or drowning would have their innocence restored. ?I?m loving it!? said a monkish delegate from Salem, Massachusetts.

Speaking of Massachusetts, the former governor of that state, and the presumptive GOP standard bearer continues to do all that he can to capture the support of the GOP base. Mitt Romney supports his party?s War on Women and its expected social experimentation. As a good Republican, of course, he can not ?legitimately define what constitutes a suffragette (er, woman). However, as Romney?s Trans-Vaginal Jet cruised into the gate at Tampa/Saint Petersburg Airport, he was reportedly seen clutching a book by former Italian Premier Silvio Berlusconi on How Women Can Avoid Pregnancy by Attending Bunga-Bunga Parties.

Source: http://blog.seattlepi.com/barbarasehr/2012/08/28/bunga-bunga-party-opens-in-tampa/

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The Hardest Part of Buy-and-Hold Real Estate Investing

delayed gratification real estate

Let me start this post by saying I love ?buy-and-hold? real estate investing.? I just wish it was easier.

Flipping real estate or wholesaling deals is appealing, as cash is quick and you know in a short time frame if you have made a good deal.? Unfortunately, buy-and-hold real estate can take a long time to generate a meaningful amount of cash flow.

This leads me to today?s topic, as I want to highlight what I believe to be the hardest part of buy-and-hold real estate investing. If I asked 100 people what they thought the hardest part of buy-and-hold real estate investing was, these are the answers I would expect:

  • Finding a deal
  • Securing the down payment
  • Finding a good tenant
  • Managing tenants
  • Handling evictions

In my opinion, all of these answers would be incorrect.I strongly believe the biggest issue with successful buy-and-hold real estate investing is:

Lets explore an example that walks through some hypothetical numbers. Buy-and-hold real estate starts with the purchase of the first property that may produce $100-$400 positive cash flow in most months.? While this is a great start, it will not take you to the finish line.

Therefore, you start plowing all of your extra cash flow, bonuses from work, and any extra cash you can generate into the second property.? Now you have $200-$800 in cash flow most months, depending on the properties you purchased.

Why only most months?? Stuff breaks unexpectedly, tenants leave without paying, and you may have an eviction to handle. Please realize right now that even the best cash flow estimate is just that? an estimate? so budget for surprises.

Now, back to the topic and hand: ?Delayed Gratification?

Buy-and-hold real estate investing is hard because it frankly takes so long for to produce a meaningful pile of monthly proceeds. I have been doing this for 10+ years now, and I managed to ride one buy-and-hold real estate cycle almost perfectly, meaning I sold the houses at the peak and moved the equity into apartment buildings (delayed gratification again).

I took maximum advantage of this down cycle by buying 20+ properties before the Wall Street money woke up and changed the market overnight.

You see, it is ONLY after all this time (since 2001), nearly perfect timing on repositioning equity during a significant turn in the market (2006-2007) and taking maximum advantage of a once-in-a-lifetime buying opportunities (2008-2010) I can finally see the end in sight.

Ask yourself these questions:
Could you delay gratification for 10+ years? Could you plow every single dollar back into real estate? Could you take the negative surprises and keep moving forward?? Would your partner be willing to sacrifice this long, or would they want to stop half-way and buy a bigger house?

What about the mistakes? No one goes through 10 years of real estate investing without making mistakes. Would you acknowledge them and move on? Would your partner hold them against you? Would you be turned off on real estate investing forever, only to be brought back in after the market turns and adds 20% to current prices?

Buy-and-hold real estate investing has worked for generations, and it will work for generations to come. Unfortunately, most people and couples are not wired to delay gratification for one week, let alone 1 year, 5 years or 10 years!? If you are, congratulations, but without your partner on board, you have no shot, as they will spend it as soon as the extra money comes in.

I want to thank my wife for sticking with this 10 year run.? It was never easy, never boring, but boy was it worth it.

Good Investing

Photo: Keoni Cabral

Welcome to Our Blog!
Welcome to the BiggerPockets Blog. Our blog brings together experts in various fields of real estate with the goal of keeping our readers informed and up to speed. Whether you're a real estate professional (lender, Realtor, banker, etc), investor (landlord, flipper, wholesaler, etc.), or simply a consumer, renter or homeowner interested in the world of real estate, this blog is the place for you to get involved!

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Author: Michael Zuber

Michael's Website: http://www.wealthbuildingpro.com

Michael has written 50 articles for us.


Source: http://www.biggerpockets.com/renewsblog/2012/08/28/hardest-part-buy-hold-real-estate-investing/

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Asia stocks edge up ahead of Fed chief's speech

SEOUL, South Korea (AP) ? Asian markets were mostly higher early Wednesday, as investors bet that the mixed economic data from the U.S. would prompt the Federal Reserve to take more steps to spur economic growth.

The Tokyo Stock Exchange's benchmark Nikkei rose 0.3 percent to 9,061.56 and South Korea's Kospi added 0.6 percent to 1927.27. Hong Kong's Hang Seng Index rose 0.1 percent at 19,832.55. Australia's S&P/ASX 200 lost 0.1 percent to 4,380.60.

Benchmarks in Singapore, Taiwan and New Zealand also rose, while Indonesia and Malaysia fell. Mainland Chinese shares were mixed.

Federal Reserve Chairman Ben Bernanke will deliver a key speech Friday in Jackson Hole, Wyoming that investors will watch carefully for clues about the central bank's intentions to try to speed up the U.S. economic recovery.

Analysts said global stock markets are expected to continue light trading as investors are fixated on the results of the Friday meeting.

"Both hopes and concerns co-exist among investors before the Jackson Hole meeting," said Jun Ji-won, a market analyst at Seoul-based Kiwoom Securities. "There are no significant changes in the key indices until the speech gives directions to the market. Stocks are moving by sectors."

In South Korea, tech exporters staged a rally led by Samsung Electronics Co., the world's largest technology company by revenues. Samsung rose 2 percent, as investors shrugged off shock from Apple's decisive patent victory in the U.S. last week that sent Samsung shares 7.5 percent lower on Monday.

Samsung vowed to appeal all the way to the highest court in the U.S., while Apple asked the court to block eight Samsung products in the U.S. for patent infringement. Samsung's smaller rival LG Electronics Inc. rose 4 percent while Japan's Sony Corp. jumped 3.2 percent in Japan.

A report showed Tuesday that U.S. house prices increased in all major U.S. cities in June, the latest sign that the housing market has been rebounding.

But on the downside, consumer confidence dropped to its lowest level since November 2011. The Conference Board said consumer confidence index fell to 60.6, down from 65.4 in July. Economists had expected a reading of 66.

The results show that Americans are still worried about the economy despite a slight rise in job growth. Analysts believe that weak consumer sentiment might spur the Fed to take more action.

In China, government data showed that profits at China's industrial companies plunged in July for the fourth straight month, adding pressure on Beijing to step up spending to offset private sector weakness.

On Tuesday, Wall Street closed mixed. The Dow Jones industrial average retreated 0.2 percent to 13,102.99. The Standard & Poor's 500 Index slipped marginally to 1,409.30 and the tech-heavy Nasdaq composite index rose 0.1 percent to 3,077.14.

Benchmark oil for October delivery fell 50 cents to $95.83 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to finish at $96.33 per barrel on the Nymex on Tuesday.

In currencies, the euro fell to $1.2556 from $1.2564 late Tuesday in New York. The dollar rose to 78.58 yen from 78.53 yen.

Source: http://news.yahoo.com/asia-stocks-edge-ahead-fed-chiefs-speech-033643555--finance.html

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Gaming Software ? Real Casino Power ? DT Fine Art

Gaming software providers areessentially theheartof any online casino. Gaming software allows operators of online casinos to offer all the games that gamblers know and love. The overall software package provided to operators includes: management tools for the online casino, payment solutions, jackpots, and of course thedevelopmentof the superb games.
Gaming Software

The Microgaming platform is hugely popular and for a good reason. They are the worlds largest provider of online gaming software. Microgaming currently offer over 600 unique branded games and have the largestProgressive Jackpot Network in the world. Players at Microgaming online casinos have won to date over ?320 in prizes! In May 2009 one of historys highest ever payouts of ?6.37 million was won by a single player at a Microgaming casino and in November 2009 the first ever Microgaming Euro millionaire was created in an online slot tournament.

Recommended Microgaming-powered online casinos include: All Slots Casino.

Playtech are another online gaming software provider with considerable credentials. They offer every game conceivable from Table Games, Slots, Roulette and many more. They also have the distinction of boasting the worlds largest Online Poker Network. Millions have been won at Playtech casinos and offer outstanding games that have a cult following. Both Playtech and Microgaming bide by international licensing laws and regulations.

Recommended Playtech-powered online casinos include: Bet365 Casino.
American and Players

Due to the Gambling Enforcement Act, American players are unable to play at casinos powered by either Microgaming or Playtech. The good news is that not every gaming software provider follows this policy. American players are welcomed at Real Time Gaming (RTG) powered casinos. This gaming software provider was one of the first, providing fantastic games since 1998. The decision to accept American players or not is left for the individual online casino operator to decide. Many RTG casinos will advertise the fact that American players are invited to visit their casino.

Recommended RTG-powered online casinos include: Sun Palace Casino.

Source: http://www.dtfineart.com/2012/08/gaming-software-real-casino-power/

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To Keep Tesla?s Flame Bright, Fans Return to His Workshop

[unable to retrieve full-text content]Enthusiasts are raising money to create a park and museum on Long Island to honor the eccentric genius Nikola Tesla.

Source: http://feeds.nytimes.com/click.phdo?i=cf2b9c2d5366c92abf81bccba7316e73

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iOS and Android device adoption rate said to be fastest in history

NEW YORK (Reuters) - Some two dozen topless women protested in a New York City park on a hot, sweaty Sunday as part of what they called "National Go-Topless Day" to draw attention to inequality in topless rights between men and women. There were topless men in the park, too, but nobody paid them much attention, a disparity, organizers said, that demonstrated the need for the event. The topless women drew crowds of onlookers who took pictures and video with their cell phones. ...

Source: http://news.yahoo.com/ios-android-device-adoption-rate-said-fastest-history-210547301.html

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What other astronauts are saying about Neil Armstrong

Astronauts worldwide are mourning Neil Armstrong, the first human to walk on the moon, who passed away on Saturday.?

By Tariq Malik,?SPACE.com / August 27, 2012

Astronaut Neil A. Armstrong, Apollo 11 Commander, inside the Lunar Module as it rests on the lunar surface after completion of his historic moonwalk in July 1969.

NASA

Enlarge

The news of the iconic astronaut Neil Armstrong's death Saturday (Aug. 25) plunged American astronauts and spaceflyers around the world into mourning, with some expressing their sadness on Twitter.

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Armstrong, the?first man to walk on the moon?and commander of NASA's Apollo 11 lunar landing mission,? died at age 82 sue to complications from recent heart surgery, his family said. Armstrong had heart bypass surgery earlier this month to clear blocked arteries.

Many astronauts with NASA and other space agencies cited Armstrong as a major inspiration in their lives in their Twitter messages. Others reflected on the legendary astronaut's modesty, despite his global fame.

"I know I am joined by millions of others in mourning Neil's passing ? a true American hero and the best pilot I ever knew," wrote?Apollo 11?astronaut Buzz Aldrin, who walked with Armstrong on the moon on July 20, 1969, in his Twitter post. He writes as @TheRealBuzz.

Several active and former NASA astronauts wrote that?Armstrong inspired them?to pursue dreams of flying in space.

"I am deeply saddened by the?passing of Neil Armstrong," wrote former astronaut Leroy Chiao (@AstroDude),? four-time spaceflyer and commander the International Space Station. "He was my childhood hero, who inspired me to become an astronaut myself." [Photos: Neil Armstrong ? American Icon Remembered]

Former shuttle astronaut Mae Jemison, the first African-American woman to fly in space, agreed.

"As young girl watching #NeilArmstrong step on the moon, the stars came a little bit closer & my world & expectations quite a bit larger," Jemison wrote as ?@maejemison.

Christopher Ferguson, the commander of NASA's last space shuttle mission (STS-135 in July 2011), was touched by Armstrong's modest demeanor despite his great feats in space.

"Today we lost a legend," Ferguson wrote Saturday as @AstroFerg." Neil was a source of personal inspiration and a humble and unassuming American hero."

But Armstrong was more than just an American icon. His legacy reached out across the entire world, as astronauts from Japan, Canada and Europe pointed out.

"RIP #NeilArmstrong, the 1st moonwalker. He inspired me to fly high," wrote astronaut Soichi Noguchi of the Japan Aerospace Exploration Agency (@Astro_Soichi), who included a photo of the moon in one of his two posts. " Salute to #NeilArmstrong, the 1st moonwalker. He inspired me deeply, long before I become spacewalker."

Source: http://rss.csmonitor.com/~r/feeds/science/~3/WRbaFzklvAg/What-other-astronauts-are-saying-about-Neil-Armstrong

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