Risks and Benefits of Tax Lien Investing

Tax lien investing is something that every serious investor in real estate should consider. But the last thing you must do is leap into it without considering all that's involved.

What are tax liens?

Most states of the USA have a system for collecting unpaid property taxes and enabling reliable payers to be deposited back on the tax roll. These states use either a "tax deed" system or a "tax lien" system, depending on what rights are sold to the purchaser of the property. Under a tax deed system, county Governments will sell full ownership and possession rights to the investor. In tax lien states, it is only the right to the tax lien or tax claim on the property that is sold.

The tax lien is an encumbrance or enforcement right. It provides the investor with the right to receive interest penalty charges if the lien is paid off by the delinquent owner, or the right to foreclose and take title to the property if the lien is not paid.

So tax liens are a highly attractive investment opportunity. These are just some of the many benefits:

· The tax lien is a high priority lien which takes precedence over judgment liens, mortgage liens, trust deeds etc.

· There is the right to collect interest or foreclose. If the lien is redeemed by the delinquent property owner, you can collect a double-digit return. If not, you can foreclose and obtain full ownership rights.

· It is the responsibility of the county to chase up payment – it is not your problem.

· The tax lien is usually for a small fraction of the property's market value, so the investment is highly secured.

· The investor is not subject to land owner liability. This is clearly an advantage, as there are an increasing number of laws against property owners.

· Interest rates are usually 16-24 percent, according to state law.

· The investment is low risk and low maintenance.

So the temptation is to leap blindly into this seemingly very attractive type of investing. But those who do not take care can get their fingers burned. These are aspects you should attend to:

· Assessing the property. Since you are purchasing the lien, not the property itself, it is tempting to go ahead without bothering to view the property. However, the security and value of the lien are based on the actual property. So you do need to see what sort of property it is.

· Market value of the property. There are all sorts of factors that may affect the value of the property and hence the value of the lien. These include zoning regulations, location, city restrictions, flood plain paths etc. Researching these factors is essential.

· Although property tax liens have a high priority, in some states federal and state tax liens share equal priority. Sometimes people who have failed to research survival liens and encumbrances have received a nasty shock when they find their lien is not number one. This shock can easily be avoided with some simple research.

· One risk factor can be created by the delinquent taxpayer becoming bankrupt after the purchase of a lien. The tax lien holder is usually given high priority in this situation. However there could have been a problem in the case of a Chapter 7 bankruptcy where payment of the tax lien has to wait until the expenses of administration are paid.

· If a lien is administrated by the FDIC (Federal Deposit Insurance Corporation) there could be serious delays in the foreclosure process. It is essential to check whether this is so before completing the purchase.

The good news is that most of these risks can be avoided by doing reasonable research before investing. This makes tax liens one of the safest and most profitable forms of investment. And if you as the investor do fall into any of these traps after reading this, you only have yourself to blame!

Multi-Heavy Duty Functions of Trucks

Transportation of various goods is a necessity that is fulfilled by important automobiles like a Truck. Many business corporations that indulge in production of various goods and commodities require transportation of the raw materials or finished goods to and fro, like from a production house to the market or from one factory to another. To make this possible many automotive companies have come up with different makes and models of trucks that function according to the requirement.

Trucks are manufactured to the requirement of the job that is needed to be done. The categories involved are diesel trucks that work better for long distances without giving problems like breakdown. Landscape trucks that are used for projects related to construction of buildings, roads and anything related to land occupation, and trucks that have no roof and sides are flatbed trucks Used for carrying heavy goods and allows easy loading.

All these factors are related to business operations and also to an extent to governmental involvement. These huge business entities and government corporations require trucks for huge projects and transportation purposes.

It is mainly used by Fire Brigadiers, helping them in transportation of necessary equipment for rescue purposes. There are certain building projects that involve a man to be transported to a building at certain heights. Bucket trucks for sale are available for those who are involved in such undertakings. This truck has special equipment that has an aerial platform at the end of a hydraulic system or it can also be called a bucket and can a hold one person to do the desired work. If you need to carry goods in larger quantities then a special featured truck that defines its capacity according to the weight required to carry is also available. There is a 1 ton truck for sale that you can get with any dealers in the market.

The good thing about all these trucks for sale is that even though they are offered by many dealers, they are manufactured by most of the well known automakers like Thibault, Chevrolet, GMC, Freightliner, FWD, Ford and International. These trucks are manufactured with the intent of giving maximum output to their companies with reliable features and better performance. These different types of trucks like Diesel trucks, Landscape trucks, Fire trucks, Flatbed Trucks, Bucket Trucks and 1 ton trucks on sale are offered and produced by most of the automobile companies. This offers a wider range of choice for business or government organization and with the competition; the trucks keep on getting improvised by their respective manufacturers which indirectly leads to production of best heavy duty trucks.

Caveat Emptor – Shopping For Designer Goods Online

When shopping for designer goods online, you have to keep the Latin phrase “caveat emptor” foremost in your mind. If you have yet to remember the phrase from your law classes, it is translated as “let the buyer beware”. To make this principle of classical contract law simple, you as the buyer shoulders the burden of risk involved in any business transaction.

As such, you have to undertake measures to protect yourself when shopping for merchandise online. You also have to take note that extra precautions are necessary in this instance because most online transactions are conducted with complete strangers whom you will never see personally, who can assume multiple identities in various websites, and who can violate intellectual property rights at will and most cleverly at that.

That being said, when shopping for designer products online, you have to keep these tips in mind.

Only With Reputable Sites As much as you shop in the designers’ brick-and-mortar stores or their authorized dealers for the assurance of genuine products, you have to take the same precaution when shopping for designer goods online. You can access many resources to determine the authenticity of the sites’ offerings – word of mouth is a reliable determinant provided that you get it as first-hand information, consumer watch groups’ updates, and government agencies’ regulations on intellectual property rights and comparisons with the designer website itself.

In short, you have to educate yourself on the sites that are the real McCoy when shopping for designer goods online. Remember, buyer beware is in effect over the Internet!

Learn to Spot the Fake What if you have doubts about the website and yet you saw designer goods you like? Well, you should learn to spot the fake! Admittedly, when shopping for designer goods online you do not have the benefit of actually touching the goods but with sharp eyes and memory, you can purchase genuine designer goods in sites other than the designer website itself.

First, when shopping for designer goods online, beware of price manipulation. It can go both ways – very low price to attract customers out for a bargain and very high price to add legitimacy to supposedly genuine designer products. For example, the LV Keepall 60 costs $1,035 on the LV site; if it is selling for $100 or $1,500 on another site, you better beware because it is probably a fake.

Second, you have to compare pictures when shopping for designer goods online. You have to examine the details of the genuine article and compare with the picture on the site. Use the zoom feature, the product description and your sharp eyes for the purpose. Look for patterns that match the manufacturers’ known patterns – Bottega’s woven leather, Coach’s symmetrical lines, and Chanel’s quilted stitching, to name a few. Again, you have to educate yourself when shopping for designer goods online!

Third, you have to read the fine print. Your choice of shopping for designer goods online exposes you to the dangers of overkill in the product descriptions. When shopping for designer goods online, beware of words like “authentic”, “genuine”, “best value”, “bargain price” and other marketing words meant to seduce you to part with your money. If it says “inspired by designer X”, you know you are dealing with a replica.

Fourth, you should not be taken with the allure of extras like tissue-lined boxes, identity cards and storage bags with the distinctive manufacturer logo when shopping for designer goods online. You have to examine if these extras also match those of the manufacturer. If the seller specifies that it comes in its original box, ask for pictures. If these cannot be provided, run for the hills with your credit card!

Exchange and Return Policy When shopping for designer goods online, the first thing to look for is the website’s exchange and return policy. If you do not have the guarantee of returning goods not to your satisfaction, then don’t click on the “Add to cart” button lest you add to your cache of damaged replicas.

In conclusion, shopping for designer goods online is a risky business what with the proliferation of Internet scams. However, with caveat emptor foremost in your mind, vigilant eyes, proper designer education, and savvy shopping skills, shopping for designer goods online is an addicting and exciting experience for all shopaholics!

Stages Of Play Development In Children

For little children, they see the world through play. Experts would refer to play as the work of children. Play allows the child to discover and to experiment the world around him. Moreover, play has several benefits. One, it builds the child imagination. Two, it Promotes social skills. Three, it develops the child's learning and development. Lev Semyonovich Vygotsky, a Soviet psychologist and the founder of cultural-historical psychology, believes that play has a major part in the child's development. From his studies, a child developments abstract meaning separate from the objects in the world. At pee-school age, a piece of wood begins to perform the role of a doll, and a stick becomes a horse.

As children grow and develop, children go through distinct stages of play. It is important that when planning activities for kids, consider how play affects their learning and development. In 1932, Mildred Parten developed the stages of play, each stage is described below.

Unoccupied Play
This is the stage when the child is not engaged in playing and just observing. A child can be simply standing in one spot observing his surroundings.

Solitary
It is also referred to as independent play. In this stage, the child separates himself from others with no reference to what others are engaged to. Experts believe that children at this stage are simply not interested in playing with others because they are ego-centric. Ego-centric is where a person is not able to see a point through another person's perspective. In return, the child individually plays with his toys. Moreover, children between the ages of one and two are very much engrossed with the world around him. During play time, parents will notice a lot of banging, noise-making and imitating.

Spectator
This is the stage when the child is about two and a half year. The child begins to be on a lookout for people around him. A child may show interest on what other children are playing, however the child does not want to join in. A parent will know that the child is in this stage if the child shows interest by pointing or squealing at what others are doing.

Parallel
This stage typically occurs when the child is between two and a half and three years of age. The child may see another child playing and would sit down and play next to him. They are contented to play side by side even without interaction. The reason behind this behavior is that children at this age do not possess yet the skills necessary for playing together. The term cooperation is yet to be learned.

Associative Play
This stage occurs between the ages of three and four and this is the first category that children engage in strong social interaction during play. Furthermore, the child will start to see the benefit of playing with another child.

Cooperative Play
When the child reaches four years of age, he is ready to learn to play cooperatively with other kids. Typically, the play is structured and there is a one clear leader in the group. At times, conflict can raise and it can be easily resolved with less disruptive play. Also, in this stage, children interact and work together towards a common goal.

Modern schools believe that Parten's stages of play has greatly contributed to our understanding of play. It is widely used by parents and child psychology experts to understand children's development. By and large, play therapy is employed in children ages 3 to 11.

Play provides an opportunity for children to express their feelings, emotions and experiences through a natural, self-guided process. Encouraging play is very important because it helps children to communicate. It thus becomes a vital medium for children to recognize and acknowledge themselves and others.