Home Businesses for Moms

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Consumed with cross-stitching? Passionate in creating home-produced soaps? Does your fervor lie in cooking?

These are just some of the many pastimes that individuals may nurture. The ages-old query lingers,on the other hand: can we bring in money from the things we love to do?

The answer is a resounding “yes.”

Indeed, you can turn your pastime into a highly profitable home business. You can muster enough entrepreneurial spirit to make things succeed. You must conjure enough guts to take the first step. After all, how can you take pleasure in the water if you don’t take a plunge?

Transforming your pastime into a home business merely needs a running understanding about businesses in general. Basically, you have to give a product. Subsequently, you must sell the same to a marketplace that demands or likes it.

Your pastime, whatever it may be, serves two rationales when it comes to its possibility as a venerable home business: first, it provides clues as to what goods you can make, and subsequently, it provides clues as to what market you can aim.

Takes pleasure in cooking? Who cooks in most households? Truly, home-based mothers comprise a large mass of such a prospective market. What can you provide for them? Well, do you have a secret, proven procedure for a enjoyably delicious dish? Make your own cookbook and sell the same to mothers all over the world. The internet makes it so very easy, as you can decide to come about with an eBook as an alternative, and share out the same digitally.

Enthralled with mixing up homemade perfumes? Package your produced perfumes and sell the same to individuals who wish to smell nice for specific events, or for their daily toils.

Enthusiastic with stamp collecting? Advertise your extra stuffs. Make use of online avenues like eBay and Yahoo Auctions. Better yet, advertise your assistance as an agent, or a stamp-hunter if you will, and go hunt down the stamps that other collectors are looking for.

No matter what pastime, you can make money from it. You just have to to come up with the power to convert your hobbies into a full-fledged home business. Your pastime is your niche, so go make the most on such.

TV Disposal as a Small Business

TV Disposal as a Small Business

TV disposal is a business opportunity for entrepreneurs ready to get started with electronic waste recycling. Outdated and broken computers, cell phones and televisions make up the bulk of today’s e-waste. Are you ready to get started in TV recycling?

TV Disposal Fills a Pressing Consumer Need

The Environmental Protection Agency (EPA) reports that – as of 2007 – Americans kept nearly 99 million television sets in storage while needing TV disposal assistance for 27 million sets. Only 18% of televisions went to TV recycling plants. At these plants, raw materials like copper, aluminum, lead and steel were extracted.

Until recently, a good many TVs were donated to charitable organizations; but because of the switch from analog to digital broadcasting signals, this avenue is basically closed. An entrepreneur willing to take on electronic waste recycling with an eye on TV disposal may find that s/he actually fills a very pressing consumer need.

Nuts and Bolts of For-Profit TV Disposal

Volume is a key component when starting a TV disposal business. Remember that the primary business aspect is the pickup, transport and delivery of the unwanted television sets, not the final disposal of Cathode Ray Tubes and associated TV recycling of raw materials.

To this end, electronic waste recycling that specializes in TV disposal – to the exclusion of other e-waste – must have a solid marketing plan that reaches a wide audience.

The second component of a successful small waste recycling business is diversification. When it comes to TV recycling, the entrepreneur enters into partnership with manufacturers, local programs and businesses, all of which have their own rules for participating in TV disposal programs.

TV Recycling Business Opportunities

According to the EPA, Sony and Samsung accept e-waste made by the respective companies for free electronic waste recycling. Note that Samsung also accepts Wal-Mart’s private brands Ilo and Durabrand at no charge. MRM welcomes televisions made by Sharp, Mitsubishi, VIZIO and Toshiba. LGE takes LG, GoldStar and Zenith sets but only allows consumers to drop off five sets per day.

City and county run operations, such as the City of Los Angeles Bureau of Sanitation, allow daily TV disposal of two units containing Cathode Ray Tubes.

Entrepreneurs can make money by picking up television sets for a set fee and recycling them for free at the companies’ designated recycling centers. Consumers save time, are not inconvenienced and only pay a very modest fee for getting rid of the TV.


Judgment Paid in Hendrix Litigation


Seattle, WA: Experience Hendrix, L.L.C., the Hendrix family music company which owns the Jimi Hendrix music rights, has obtained a stipulated court order near $900,000 against music entrepreneur Ed Chalpin.

The payment derived from a 2006 lawsuit against Mr. Chalpin and two of his companies. During the litigation, Mr. Chalpin was described as “a singularly uncredible witness” by Federal District Court Judge Lewis A. Kaplan and held in contempt of court.

The current judgment dates back to previous lawsuits. In 2001, Experience Hendrix filed a lawsuit in the UK High Court against Mr. Chalpin and his PPX Enterprises. The lawsuit was filed to enforce a 1973 consent decree which limited Mr. Chalpin’s rights in Hendrix recordings from 1965 when Jimi Hendrix was an unknown guitarist for Curtis Knight  amp; The Squires.

In 2003, the UK High Court ruled in favor of Experience Hendrix ordering Mr. Chalpin and PPX Enterprises to make royalty payments to Experience Hendrix. Mr. Chalpin did not honor the £304,173 payment due Experience Hendrix. A New York State Court later upheld the UK court’s decision ordering Mr. Chalpin to pay Experience Hendrix $725,868 (the UK judgment in USD).

Mr. Chalpin made no payment to Experience Hendrix. Then, in 2006, Mr. Chalpin attempted to sell the 33 Hendrix masters recorded in 1965 through an auction by Ocean Tomo, another PPX company.

Experience Hendrix again sued Mr. Chaplin, this time for fraudulent conveyance. Judge Kaplan directed Mr. Chalpin not to dispose of the assets. In a Billboard press release, Judge Kaplan said, “Mr. Chalpin was engaged in a game of three card Monte with his creditors. He was moving the pea from one walnut shell to another.”

Mr. Chalpin’s attorney accused Experience Hendrix of devaluing the Hendrix properties through their actions and statements and scaring off prospective bidders. In response, Judge Kaplan stated in a press release, “That is like saying because you decided to hold an auction on the steps of the courthouse in which Mr. Chalpin is going to sell the George Washington Bridge, the lack of bids would mean it has no value. The lack of bids would mean that somebody understands that the Port Authority owns it.”

Shortly after being held in contempt of court, Mr. Chalpin agreed to a litigation settlement and paid the full amount of the judgment debt and most of the interest accrued since 2003.

The payment is in reference to two cases between Mr. Chaplin and Experience Hendrix: Stipulated order of Settlement (3/20/2007), U.S. District Court, Southern District of New York (Judge Leon A. Kaplan, Case 1:06 – CV09926 LAK) and Case HQ0102014 (6/28/2001), High Court of Justice, Queen’s Bench Division, London, Experience Hendrix, L.L.C., v. PPX Enterprises Inc. and Edward Chalpin.

Questions to Ask when Looking for a Real Estate Agent


You know how hard it is in the market today to find a home. Now the number of houses available are high and the prices are starting to drop, but you might not realize that you can have trouble find a great real estate agent. I know for me I have found some real estate agents that worked out really well, but at the same time I have found some real estate agents that didn’t really help me out that much. So here are some great tips that I use each time that I am looking at real estate to find an agent that works for me.

The first tip that I can give you for looking for a great real estate agent would be to ask a ton of questions of the realtor. Now sometimes you might bore yourself of these questions, but you will want to find out if the realtor got into real estate to make a ton of money first. If they did and you’re looking at some lower cost homes yes it is a sale for them, but if someone comes along and is looking for a house that is going to cost close to a million dollars then obviously they are going to start putting you off and delaying when they will be able to take you around to look at houses.


The second tip is to find out how long the realtor has been in the area. Now some real estate agents will just move to a new area and not be familiar with what there is to do or the school systems. If you have a real estate agent like that and you are looking for a school district that is good for your kids then you might want to consider looking at a different realtor that is more familiar with the area. Not only that if the real estate agent is not familiar with the area that you are shopping in for a home then they will not be able to help let you know if you are getting taken or getting a good deal on your house price because they will not be as familiar with the market area as an agent that has been working in the area for thirty years.


While you are going to want to start looking for a house with the market being so far down you will also want to find a good real estate agent. If you read the tips above they should be able to help you locate a great real estate agent that will work with you to help you find the perfect home for your life.


Guide to No Money Down in Real Estate Investing



Investors often dream of no-money-down deals. Even in today’s market, such deals do exist and investors find them. But their risk tends to be higher than it used to be. When real estate appreciated by leaps and bounds, year after year, investors could enter into highly leveraged deals and still come out winners. The same deals in a stable or sluggish economy rarely work. Based on recent real estate activity, no-money-down deals usually are not worth the risk in the current market.

If you buy a property without sinking any money into the investment, you generally have no equity. In some markets, a building could lose value and you would find yourself owing more than the building is worth. At the least, you could not gain appreciation or equity. Whenever you have little to no equity in real estate, your risk is great. Unless you can afford to lose money, you probably should ignore the temptation of no-money-down deals.


When a seller offers a proposition that does not require a buyer to come up with cash, it’s usually because the seller needs the sale desperately. The offer of a no-money-down deal should put you on the red alert for danger. Sometimes offers are made due to divorce or other personal problems and can be good opportunities. More often, however, the chance to buy property without a down payment means that you are either paying too much for the property or buying something that other people are not interested in owning.


There is a difference between the seller offering you full financing and you arranging it yourself. You can buy property without using your cash when you pledge your money or equity in other assets as collateral for a loan. When sellers offer to provide you with financing themselves, be careful. The deals can be quite tempting, but they can be just as dangerous. Owner financing-or seller financing, whatever you want to call it-can become one of your worst nightmares.


Sellers who finance their own sales might slant the loan contracts heavily in their favor. You may not get the same protection that you would when you secure financing from a commercial lender. In some cases, you might make major improvements to a property, fall onto hard times, miss a few payments, and lose your investment to the person who sold you the building and financed the loan.


Another risk of owner financing is that most lenders do not allow an owner who owes money on a property to offer full seller financing. Older loans don’t always have acceleration clauses, but newer loans usually do. A loan that has an acceleration clause gives the lender the right to demand that the buyer pay off the loan in full if the seller transfers the property with an installment contract. In other words, the loan is not necessarily assumable, and if the lender doesn’t approve of an assumption when an acceleration clause exists, it can demand payment in full. If payment is not made, the lender has the right to foreclose on the property. If a seller owes a bank money on a building and arranges a private sale and financing with you while the building remains financed at the bank in the seller’s name, you could be in severe trouble. You might make all of your payments regularly to the seller and still lose the property because the seller might not pay the bank’s mortgage. In this case, the bank would have a right to foreclose on the property. The whole thing can get very nasty. Therefore, if you have any inclination to participate in seller financing, it is strongly suggested that you run every document past an excellent real estate attorney before signing anything.


Association Fees for Condos and Co-Ops in Real Estate Investing



Rules and bylaws are abundant when dealing with condos and co-ops. Although you can encounter covenants and restrictions attached to typical single family homes, you can count on a long list of rules for condos and co-ops. For example, you might not be allowed to alter the address numbers on your exterior door or change a light fixture by your exterior door. Your choice in paint colors for the exterior of your unit might be limited. And having pets in your own space might be prohibited. The power of the rules is strong, and the number of rules can fill pages of paper. Once you are ready to buy a condo or co-op as a real estate investor, look closely for all of the restrictions that may affect your plans.

Association fees (charged for maintenance of a condo or co-op development) and special assessments (levied when some improvement or repair is needed or desired) have the potential to ruin your investing budget when you own a condo or co-op. You have no real control over the amounts of association fees and special assessments, which might have a disturbing effect on a building’s cash flow. You may have to vote in how things will be done, but your vote will not, by itself, allow you to control your own destiny with a condo or co-op. All you can do is hope for the best. You can look at historical data to build a reasonable assumption of what to expect in fee increases; unfortunately, a development that has been stable for the last ten years could go fee crazy after you buy into it. You simply have no guarantee, unless it’s in your purchase agreement, to prevent fees from increasing regularly. This one factor alone is enough to scare some investors away from condos and co-ops.


Association fees usually are fair. They cover a variety of needs and relieve property owners of maintenance headaches. This is an advantage to investors when the fees are realistic and stable. However, because most developments don’t have an annual cap on association fees, owners are at risk. And it’s entirely possible that the fees could be raised on a more frequent basis than annually. For these reasons, be very careful of the fee structure if you buy a condo or a co-op. When you review the documents on a development, determine what the association fee covers. For example, do snow removal and lawn care for the development come out of the fee? Dig deeply to see exactly what your money pays for.


Special assessments usually are levied only for big ticket items. If a building needs a repair that is costly and outside the scope of association fees, the price of the repair is placed on the shoulders of the owners of condos and co-ops within the development. Sometimes improvements are not necessary, but desired. For example, if the governing group decides to install a swimming pool, you could be required to pay for a portion of it, even if you don’t support the decision or plan to use the amenity. In some cases, the debt is divided equally, but it also may be divided on a percentage basis, based on the degree of ownership. Have your lawyer pay close attention to all documents, but get a particularly strong opinion on association fees on special assessment regulations.


Start Investing in Real Estate as a Young Student



When in college, the last thing you are probably thinking about is investing. Time spent not up all night studying or working at a part-time time job is taken up with the little social life you have. But ever think about how much money you will spend over your academic career on rent and having nothing to show for it upon graduation. One day I wondered if there was a better way and begin to do some research on the home prices in my area and in real estate investing and I learned a few interesting facts.

The total rent you (and possibly roommates) pay for rent every month on your apartment or house is in most cases equal to or higher than a mortgage payment at this time of low interest rates of the house with very little down. What does this mean, you are most likely paying off someone else’s mortgage while they earn a little profit and huge equity on the property. This certainly seems like you are losing big money renting and its true. If a person takes out a mortgage for a house with as little as 5% down for 20 years and then pays for the mortgage and other associated costs , in 20 years, he would own a house for that small initial down payment. Even selling the house for the price that he bought it , would be an incredible profit (even though he will make an even larger profit for reasons I will mention later).


So after looking through some of the realtors websites, I found some houses at 150k or less which had 5 bedrooms, even a couple with the houses already split into apartments with own kitchen, bathroom and electrical meter in each apartment. These types of houses are the best investments. After using some online mortgage calculators and a bit of number crunching , I found that in some cases I could pay for more than the mortgage if I had 4 tenants in the house, I myself could live “rent-free” there. That’s a pretty good deal , especially if those tenants were some reliable friends and you wouldn’t even be dealing with strangers.


This sounds pretty good right ? , but what about your done college in say 5 years and you want to then go and get a house with you and your special someone. Well , you have two options , both which would show you how good of an investment buying a house is. The first option is selling the house , Well guess what all those payments that your tenants payed gave you a nice equity on the house. Every case is different about what you can make , but in may case , I could make $30,000 dollars profit from the equity earned over just 5 years after me living for “rent-free” all that time. That would be a nice payment on my student loans. The Second and more profitable option is to continue to rent out the property as long as you wish before selling. After the mortgage is paid off , then all those rent checks are pure profit and you now own a house after paying very little out of your own pocket.


And it gets better, on average, it seems that houses go up in value 5% every year , so you can imagine the profit you could be making in 20 years time. Anyways I hope I have at least inspired you to do some research on the topic and see if its the right investment for you. Also, remember this little fact , 76% of the world’s millionaires are real estate investors.

Home Buying Process: Real Estate Guide



Buying a home can seem like a large task up front but break it down in to simple steps and it’s really not what it seems. The entire process can be done with little to no stress if you take it step by step and have the right expectations. Here is the 5 step process I use when purchasing and helping others purchase a home.

1.Go to the Bank – Search around for different loans. There are many different types out there and you need to find the one that works for you. You want to find out what options you have and how much you are going to spend on your new home. Starting out by taking this step will help you and your Real Estate Agent find properties you can afford. Many home sellers will want to see a pre-approval from a bank before they start working with you so you need to be prepared with one.


2.Get an Agent – As a buyer you don’t pay an agent (that’s fee comes from the seller) to help you so there’s no reason not to have one to help you out. Ask around to find out who people recommend. I suggest staying away from relatives in this process. You’d hate to have a problem occur during the home buying process and lose a relationship because of it. The realtor will help you come up with homes that are suitable to you and they generally are the first to know about new properties being listed.


3.Find a Property – Yes, your agent will be looking for a house for you but you can also put in some time trying to find what you want to buy. Spend time online researching prices and home conditions. This way you’ll know what to expect when your realtor comes to you with some homes to look at.


  1. Making an Offer – When you’re buying a home you always have the upper hand. Don’t seem needy when making your offer. Always find areas of the home to exploit in order to knock the price down a bit. Especially in today’s market, you want to play a bit of hardball. Many people are in a NEED TO SELL situation so make sure to use that to your advantage. Remember, when you make an offer it’s just an offer. Don’t go falling in love with the house yet. If you do, you’ll be let down often. Another tip when making an offer is to always make it contingent on an inspection. This way if you find something you dislike when you have an inspector come through you can still back out of the deal.


5.Get an Inspection – Once you’ve found the perfect home and have an accepted offer you will want to get a professional inspection done. Never skip this step when buying a home. This will help ensure you understand everything about the property you’re buying. You’d hate to find any major or minor problem after the purchase is made. It may cost a bit extra but it’s a great way to get a piece of mind when making a purchase this large. Plus, if the inspector finds something that needs to be fixed you can always rewrite your purchase offer. In the end the inspection can help you save when buying a home.


Follow these 5 simple steps on your next purchase and you’ll find the process of buying a home to be a happy one.

Buying a Foreclosed Home



In today’s economic times, the foreclosed home market is huge. If you are in the market to buy a home for yourself or to use as a rental unit, now is the time to buy. Buying a foreclosed home is a great investment for the real estate community.

To explain foreclosure, it is when a lending institution uses a legal process to terminate a property owner’s right due to their inability to pay their mortgage. It is a lengthy process but once a foreclosure has been delivered, the families leave immediately. This means all foreclosed homes are vacant and ready to be lived in upon purchase. That does not mean that all foreclosed homes have been cleaned prior to moving in.


Because the lending company wants to sell the house quickly, the starting price is normally lower than market value. The key to buying a foreclosed home is to buy it as far below it’s assessed value as possible. This will help secure a larger profit margin when you sell the property. If the property is being bought to ‘flip’, the lower the price paid – the better the chance of selling it and making a bigger profit.


Purchasing a foreclosed home is relatively easy. The hardest part is tracking or finding the foreclosures in your area. A good website to use is www.foreclosuredeals.com. Your local county courthouse is another good resource. The legal section in your local newspapers also prints the foreclosures and when the foreclosure auction will be held.


Before you buy your first foreclosed home, do some research. It is very important to understand your states foreclosure laws. This information can be found on your state website and possibly on your county’s website. Individuals at your local county courthouse will be able to advise you were to find the information.


If you are buying the piece of foreclosed property as an investment, there are a couple risks. If you pay too much for the property you may not be able to sell it in a timely manner and you may not make as much profit. So be careful and do your homework.


Besides the price on a foreclosed home, there are other benefits. The first benefit, knowing there are no liens against the property as the lending institution will have taken care of that. The second, knowing there are no delinquent taxes.


Once you have found a foreclosed home to purchase, supplied and secured financing, you are ready to place a bid on the home. Bids may be made at a foreclosure auction or by sealed bid. There are times that a local realtor may submit your bid for such a property. To optimize the foreclosure situation start out bidding low to maximize your investment.

Is Real Estate Still a Good Investment?



Over the past 2 years real estate prices have dramatically declined all over the United States. The foreclosure rate is higher now as compared to the past few decades. Some banks are even going under due to what’s happening in the market. We are officially in a recession, and there is even talk that the economy is headed for a total collapse. While none of us can predict the future we can look at what has happened in the past to help us make our decisions now.

Some people are wondering if real estate is still a good investment. Yes, real estate is still a good investment because while prices may go down, they typically go back up again over time. Real estate is still one of the best investments because it tends to hold its value longer than other investments. If you currently own a home and you’ve wanted to sell, its best to hold on your house for the time being. You want to maximize your profit and sell when the market changes and yes it will change. Back in the 1980’s prices plummeted due to high interest rates and a poor economy, similar what’s happening now. In time things picked back up again and homes retained more value.


So if you do own a home it’s best to hold on to your house and simply watch the market. If you have money to invest now is a good time to buy more real estate. If you buy low now later on you may be able to cash in on your investment in the future. Currently there is a wide variety of choices right at your finger tips. Rather than worrying about the poor economy why not take advantage of the situation.