#1 Real Estate Investing Mistake Of 2005

By Jeanette Joy Fisher

Over the past few years, real estate investors, hungry for break-even or positive cash flow rental properties, purchased income properties out of state. California investors bought houses in Florida, Texas, and Oklahoma. Florida investors purchased houses in Louisiana. Texas investors purchased in Las Vegas. Many of these investors made millions of dollars because of the appreciation in hot markets.

On the other hand, in 2005, some beginning investors lost their hard-earned investment capital or only made a meager profit because

they failed to do their homework on the out-of-state area’s real estate market and customs


If you ‘re thinking about buying investment properties in a different state than you’re accustomed to, beware of these five surprises.

Surprise # 1 – ‘These (extra) costs are the norm in this state!

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Besides extra closing costs like pricey surveys, common in Florida but rare in California, other surprise costs included higher transfer fees and taxes. Property taxes in Florida cost much more for investors in Florida than in California. On the other side of the country, out-of-state investors were shocked by California’s state tax held in escrow: 3.8% of the property’s SALES price, no matter the actual profit made. In other words, an investor who made a quick profit of $20,000 on a fast flip could have more than the profit held until the next year’s income tax filing.

Surprise # 2 – ‘You can’t lease this property!

New home developers and many Homeowners’ Associations (HOA)s prohibit property owners from leasing their properties. Some of these restrictions got passed, without the investor being notified, during the property purchase phase. You must read the fine print to see if any clauses prevent the rental of the property. Home builders, to keep the value of the neighborhood up, added restrictions requiring the purchaser to occupy the home as a primary or secondary residence.

Surprise # 3 – ‘This house will only rent for $750 per month, not $1200!

This was one of the top mistakes made in 2005. Large real estate investing groups, selling out-of-state properties to local investors, inflated the rental income. Because so many houses were purchased in a limited area by investors, a rental glut lowered the expected income. This created hardships for investors who suddenly had to pay out hundreds of dollars a month instead of reaping promised profits.

Surprise # 4 – ‘You can’t sell this house, now!

Some investors who couldn’t rent the out-of-state property decided to sell because the values did rise significantly while the house was built or during the purchase time. However, many investors were stunned when they were told they couldn’t sell the property within the first year after purchase. Restrictions prohibiting real estate investors from quick-turning their properties is a trend that is growing increasingly popular with some developers.

Surprise # 5 – ‘Houses don’t appreciate 30% per year here!

Perhaps you’ve attended or been invited to a high-power investment seminar that promotes out-of-state real estate investing. Some of these ‘investor clubs’ really are promoters who receive kick-backs in real estate commissions, property management fees, mortgage loan fees, and even fire insurance premiums. They tell stories of huge appreciation gains, which are probably true. However, not all areas enjoy significant appreciation–year after year.

Don’t make the costly mistake of not fully researching the complete market customs and restrictions in the area where you’re thinking about investing. If you can’t afford to go check out the area in person, choose another area that you can visit.

Copyright 2006 Jeanette J. Fisher

About the Author:

Jeanette Fisher

offers FREE “How to Start Real Estate Investing Teleseminar,” free ebook, “The Truth about Making Money Flipping Houses”




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Woman dies when pet camel tries to mate with her

Monday, August 20, 2007

An unnamed woman from Mitchell, Queensland, Australia has died after her pet camel knocked her down to the ground, stomped on her, and then laid on top of her, in what police suspect was an attempt by the camel to mate with her. The woman was found at 18:30 (AEST) by her husband after he finished feeding his stock at the family ranch.

The woman in question had a fondness for exotic pets, and received the camel as a 60th birthday present. The camel was ten months old, and weighed 152 kg (336 lbs). Camels have lived in Australia since they were transported there in the 1840s. Camels are not normally aggressive, but can become more dangerous if treated as pets.

According to the police, the camel displayed possible mating behaviour. Craig Gregory, Detective Senior Constable for Queensland Police said, “I’d say it’s probably been playing, or it may be even a sexual sort of thing.” One camel expert, Chris Hill, claimed that the animal’s behaviour was definitely sexual.


USA beats NZ in the Wheelchair Rugby Championships 2006

Saturday, September 16, 2006

The United States of America have beaten the New Zealand Wheel Blacks to win the 2006 Wheelchair Rugby Championships, the fourth championship ever held.

The final score was 34-30 at Christchurch, New Zealand’s Westpac Stadium. The Americans had led by one point following the first quarter, 9-8, and went into half time with the US leading 16-15, but the lead spaced further apart going into the final quarter, 25-23.

US and New Zealand, the Athens 2004 paralympic champions, had played each other previously in the tournament with US coming out winner 42-34.

Grant Sharman, New Zealand Wheel Blacks coach, said: “The Wheel Blacks did not quite have their ‘A game’ in the final today and the Americans played extremely well.”

US played a near-faultless game of wheelchair rugby, which won them the match.

The defending champions, Canada, finished third place overall by defeating Great Britain 23-19.

The final standings were:

  1. USA
  2. New Zealand
  3. Canada
  4. Great Britain
  5. Japan
  6. Australia
  7. Germany
  8. Belgium
  9. Sweden
  10. Netherlands
  11. Switzerland
  12. Denmark

What Services Do Most Dentists Offer?

byAlma Abell

Dentists in Hartford county, MD are often asked—along with many dentists around the country—exactly what services they offer, apart from check-ups. Most dentists have a specialty area that they prefer to work with or are particularly excellent at, but most dentists will do most dental work. For instance, most dentists can and will do fillings, dental hygiene, x-rays, cleaning, whitening, and general dentistry.

Extractions are an everyday part of the job of a dentist and this applies to all teeth, as well as wisdom teeth. In fact, some wisdom teeth are so impacted that the dentist will actually refer the patient to a hospital for general surgery to remove them. Other dentists concentrate on prosthetics such as dentures bridges and crowns, and patients are referred to them because the orthodontist can deal better with difficult cases. One of the other most important parts of extractions is care of the extraction site. Dry socket is common occurrence when people fail to take proper care after the tooth is removed. It can be extremely uncomfortable and very painful.

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Other Conditions and Services Offered

Many dentists also offer solutions for teething issues such as grinding at night. Many people grind their teeth when they sleep and are completely unaware that they are harming their teeth and jaws until they wake up sore. Dentists can offer personalized molds that are used to create teeth guards to be worn at night. These work in much the same as a boxer’s gum guard to stop the teeth grinding together.

Other patients might experience severe pain or aching when they close and open their mouths. This can be a symptom of TMD which is a dental disorder connected to the jaw bones. They may also have trouble chewing, teeth grinding, popping or clicking of their jaw and headaches. A dentist can diagnose and treat TMD—temporomandibular Disorder.

Other areas of dentistry that your own dentist may also be able to assist you with is endodontics—root canal—work. It doesn’t sound so bad when given its proper name but the idea of root canal can instill fear into many a patient in the dentist’s chair. Anything to do with serious dentistry can scare the daylights out of some people, but most dentists will do their best to put you at ease.

For reliable dentists in Hartford County, MD contact for a list of services offered and to brighten your smile today.


Florida man charged with stealing Wi-Fi

Update since publication

This article mentions that Wi-Fi stands for “Wireless Fidelity”, although this is disputed.

Thursday, July 7, 2005

A Florida man is being charged with 3rd degree felony for logging into a private Wi-Fi (Wireless Fidelity) Internet access point without permission. Benjamin Smith III, 41, is set for a pre-trial hearing this month in the first case of its kind in the United States.

This kind of activity occurs frequently, but often goes undetected by the owners of these wireless access points (WAPs). Unauthorized users range from casual Web browsers, to users sending e-mails, to users involved in pornography or even illegal endeavours.

According to Richard Dinon, owner of the WAP Smith allegedly broke into, Smith was using a laptop in an automobile while parked outside Dinon’s residence.

There are many steps an owner of one of these access points can take to secure them from outside users. Dinon reportedly knew how to take these steps, but had not bothered because his “neighbors are older.”


Legislators in US states call for the impeachment of President Bush

Tuesday, May 2, 2006

Legislators in three states have introduced resolutions calling for the impeachment of U.S. President George W. Bush and Vice President Dick Cheney.

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US state legislators Karen Yarbrough of Illinois, Paul Koretz of California, and David Zuckerman of Vermont have each introduced resolutions to begin impeachment proceedings. Yarbrough and Koretz are Democrats, and Zuckerman is a member of the Vermont Progressive Party.

Yarbrough’s resolution charges Bush with directing the National Security Agency to perform surveillance without a warrant in violation of the Foreign Intelligence Surveillance Act; violating the torture conventions of the Geneva Convention, and “leaking classified national secrets to further an agenda.” Koretz’ similar resolution also calls for Cheney to be impeached.

Zuckerman introduced a resolution last Tuesday in the Vermont House of Representatives that asks Congress to “initiate impeachment proceedings against President George W. Bush.” The resolution says “George W. Bush has committed high crimes and misdemeanors as he has repeatedly and intentionally violated the United States Constitution and other laws of the United States.” Twelve Vermont state representatives (Democrats, Progressives, 1 Independent) have endorsed the resolution.

The Illinois resolution invokes Section 603 of Jefferson’s Rules for the national House and Senate, which allows for the introduction of impeachment charges “by charges transmitted from the legislature of a State or territory.” Section 604 also states that an impeachment charge brought by any means would be a privileged motion, superseding most other business in the U.S. House of Representatives.

As of April 30, the Illinois resolution has been referred to the Rules Committee and has been sponsored by 17 representatives including Yarbrough.

In response to the Vermont resolution, the state’s Republican Party Chairman James Barnett said, “If this is the best they can do at this late hour of the legislative session, then it’s time to close down shop and go home for the summer so they can explain to their constituents that they didn’t reform health care because they were too busy trying to impeach the president.”

According to a CBS poll, the President’s public approval rating has steadily declined, and is so far at an all time low of 33%.


Pennsylvania cop on trial for allegedly murdering girlfriend’s estranged husband

Tuesday, March 10, 2009

The trial began today for a Pennsylvania state trooper accused of killing his girlfriend’s estranged husband.

Kevin Foley, 43, is accused of cutting the throat of John Yelenic, a dentist who was in the final stages of finalizing a divorce from his wife, Michele. According to prosecutors, Foley “loathed Dr. Yelenic” so much that he asked another fellow trooper to help him commit the alleged murder, which occurred in Yelenic’s Blairsville home.

Deputy Attorney General Anthony Krastek told an Indiana County jury that Foley also prayed Yelenic would die, and spread false rumors that Yelenic molested his adopted son.

“You will see Kevin Foley has the motive, the opportunity and the ability to commit this crime, almost to the exclusion of anybody else,” Krastek said.

Foley’s defense attorney, Jeffrey Monzo, said during opening statements that DNA evidence was not conclusive. Monzo admitted to the jury that Foley did not like Yelenic, but said that does not mean he murdered him.

“Kevin Foley is innocent,” he said.

Prosecutors said they could call as many as 70 witnesses to try and prove Foley wanted Yelenic to die. The trial, at the Indiana County Courthouse, is expected to last about three weeks.

Foley, who is on unpaid suspension from the Pennsylvania State Police, is charged with criminal homicide. The jury has the option of convicting him of first-degree murder, which could put Foley in prison for life without parole, or of a lesser degree charge, like manslaughter.

John Yelenic was found dead in his home on April 13, 2006, one day before he was planning on signing his divorce papers. Prosecutors said Foley killed Yelenic after going to the dentist’s house to confront him over the terms of the divorce. Prosecutors claim Foley slashed Yelenic several times with a knife and pushed his head through a small window, causing a further gash on his neck. Yelenic bled to death.

Foley had been living with Michele Yelenic for two years at the time of the alleged homicide. Krastek said Michele also helped perpetuate rumors that Dr. Yelenic molested their son. John and Michele Yelenic had been separated in 2002. Michele Yelenic stood to collect Dr. Yelenic’s estate and a $1 million life insurance policy, and could lose about $2,500 a month in support if the divorce was finalized, a Pennsylvania grand jury previously determined.

Michele Yelenic is expected to testify that Foley was home with her when the alleged murder occurred. Krastek told the jury DNA under Yelenic’s fingerprints will ultimately link him to the murder, as will bloody shoe prints found at the crime scene that match athletic shoes Foley is known to wear.

Monzo also said authorities have failed to investigate several other suspects, including Yelenic’s neighbor. Monzo said Yelenic was on very friendly terms with the neighbor’s wife, which could have given him a motive to commit the murder.

Prior to the trial, Foley’s defense attorneys unsuccessfully sought a change of venue because an overwhelming majority of the jury pool was familiar with the allegations. The change was denied when jurors insisted they had not formed an opinion about the charges.


Driving Lessons Wirral From Drive With Jeansom.Co.Uk

Driving Lessons Wirral from DriveWithJeansom.co.uk


Gareth Hoyle1

Learning to drive is a big decision, but it is one that you can make at any age. Many of us assume that you can only learn when you are young and the decision to learn to drive, in your 30’s for example is a much harder one. There is no reason for this at all and is simply our own belief that we have become too old to learn to drive but this is simply not true.

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The fact of the matter is you can learn to drive at any age and it is simply a case of finding an instructor that you are happy and comfortable with. It can be nerve wracking when you first get behind a wheel, as you worry about whether you are going to be good enough or not. Don’t worry though. Remember that your instructor as taught many people to drive all with different skill levels when they start of so you being a novice will not faze them in the slightest. It is a good idea to have one lesson with an instructor before you commit to lessons in bulk. You will find it much easier to learn to drive if you are happy and confident with your instructor. You need to be relaxed and feel at ease, so make sure you get his vibe from the person teaching you to drive before you commit to any lessons in bulk. Remember that you need your provisional license before you can get started with any instructor so sign up for this before you get started. The sign up process is simple and you don’t need to pass any test to do this. The actual process is much like signing up for a passport, you need to send off a set off forms and some photos. When it comes to learning to drive what you also need to bear in mind is the type of car you want to learn. Different instructors have different vehicle options so if this is something important to you then it is worth checking out before you sign up to an instructor. DriveWithJeanSOM.co.uk

offers the best and most professional

driving lessons Wirral

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Wikinews interviews Joe Schriner, Independent U.S. presidential candidate

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.


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