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You and your family have made the decision to move out of your house and sell it. Or, perhaps you are wanting to sell an office building or a piece of vacant land. Most people think that there are only two ways that a potential buyer could pay for that property. Either the buyer has to have a load of cash or they must be able to get a loan from their friendly, neighborhood bank (or a less friendly mega-bank, but that is a discussion for another time).

What is Owner Financing?

A third way of selling a property – one which has been used for centuries – is to offer owner financing. You could use owner financing to sell a used car, an appliance, or just about anything else of value, but using owner financing for real estate is the safest and most profitable way to do it. So, what is it? Owner financing means that you are acting in some ways like a small bank, albeit a nicer and easier-to- work-with bank. When selling the property, you receive a down payment from the buyer and set up a real estate note stating the interest rate, term, and monthly payments.

Let’s try an example in which you are wanting to sell a house valued at $100,000. You and Betty Buyer agree that she will give you a $10,000 down payment and make payments to you on the first of every month at an interest rate of 6% and a loan term of 30 years. An attorney or title company would normally prepare the needed documents, including the real estate note, a deed of trust (or mortgage, in some states), and a title commitment. Each side signs in the appropriate places, the deed of trust or mortgage is recorded with the county, and you are done.

Advantages of Owner Financing

1. There are a number of positives from offering owner financing, which include:
   Can be completed much more quickly than with a bank loan, and you have the flexibility to set up the note however you want, subject to state and national laws.
2. The pool of potential buyers becomes much larger. They may be good credit risks but perhaps do not qualify for a bank loan.
3. More income for you since you are recovering the original profit plus interest from the note.
   4. It helps the buyer to purchase a property that they probably could not have otherwise have bought.

When Not to use Owner Financing

• Of course, owner financing is not appropriate for any of the following situations:
  You, as the property owner, still owe a lot of money on the property to a bank or other financial entity.
• You need all of the cash from the property right away.
• You need the cash from the incoming payments to survive. If the payer ever defaults, you may need to pay for a foreclosure and go without the note income for several months.

What’s Next

You successfully sold the house to Betty Buyer and all of the documents were properly created and signed. The hard work is done, so you can mostly wait for the monthly payments to come in. However, at least once per year, you will want to make sure that the property has adequate fire insurance (with you as the primary beneficiary), that property taxes are kept current, and that the property is kept in good condition.

If, down the road, you decide that you need some cash out of the note right away, you can contact a note buyer. Good note buyers will explain that you can sell all of the note or just some of the payments, how the process works, and when you can expect to receive funds.

There are a lot of note buyers out there, with varying levels of expertise and integrity. Be sure to work with a real estate note buyer with whom you feel comfortable, that is a licensed real estate broker, and that has a high rating from the Better Business Bureau or a comparable entity.

Alan Noblitt is the owner of Seascape Capital Inc., which buys real estate notes and business notes. He may be reached at (858) 672-4678 or toll-free at 1-800-634-4697. If you would like to learn more about real estate notes and read informational articles, visit www.seascapecapital.com.

People underestimate the importance of property investments within estate planning until it’s too late. Estate planning is your declaration after you pass away. You may not want your family to receive money and other assets you intended for your wife and children. Molly McCollough found out how essential property investment within estate planning is the hard way.

Meet Molly

Molly McCollough is a 54 year old woman who is the founder of Theature Company. Molly thought she and her husband has everything figured out. They never thought they needed life insurance or a strategy for financial planning because they were married and didn’t have children, so everything would be left to Molly. After her husband, Joe died, Molly found out being his wife didn’t carry much weight in collecting his estate.

The Issue

Molly’s husband didn’t have a will, and the money he left behind was in a foreign bank account that did not have her name on it. Because Molly’s name was not on any of the accounts, she didn’t have access to anything.

Molly was afraid and mourning the death of her husband. Molly needed to figure out a way to gain access to his estate before his family tried to claim any part of the estate. Molly felt her husband was hiding secrets, and she didn’t know where to turn or who she could trust.

Molly said, “There’s just something about death and greed and money and long-buried resentment that bubbles to the surface when there’s any substantial inheritance. It tears families apart. People lie and steal and cheat.” In her situation, she was right. Joe’s family did just what Molly hoped they wouldn’t. They came and took all of his estate and left her with nothing. Inheritance drama is something no one wants to deal with and it can cause years of frustration, and put a rift between families.

Life insurance, financial planning, and estate planning are things you need to discuss with your partner before it’s too late. Make sure you and your partner have a will whether you have children or not. If these things are not in place before you pass away, the state will do what they see fit, and most of the time, it’s not what you wanted.

The Solution

At Unified Lawyers, we work tirelessly to help people who don’t understand wills, trusts, estate planning, and similar assets. We understand the urgency in these situations and always put our best foot forward. We are not a traditional law firm. We believe in helping people instead of collecting a check. All our fees and costs are straightforward so each of our clients know how every cent of their money was spent. We are here to help you get your situation resolved.

The Internet has revolutionized modern lifestyles. You may use various online facilities like booking cabs, flights, movie tickets, and grocery shopping. Several individuals also find their life partners online.

The primary reason for the increasing popularity of the Internet is its convenience. This same convenience is also available if you choose to avail of an insurance policy online. Here are five advantages of opting for insurance policies online.

1. Lower costs

When you avail of a term insurance plan online, you eliminate the need for agents and brokers. This reduces the expense for the insurance company. In addition, the entire online procedure is paperless, which further reduces the cost for the insurer. These costs savings are beneficial in reducing the premium you pay for purchasing the insurance plan.

2. Informed decisions

Online platforms allow you to compare different types of life insurance policies offered by various insurers. You may compare the terms and conditions, premium amount, and other features of the policies. Furthermore, you may refer to the reviews and comments given by past users. This allows you to make an informed decision while acquiring insurance coverage.

3. Automated services

An online platform not only expedites the process but also enables efficient and quick servicing. You may easily download product brochures, procure estimates from various insurance companies, pay the renewal premiums, and track your payments online. This ensures you do not have to depend on anybody and the entire procedure is quick and hassle-free.

4. Efficient online assistance

Most insurance companies offer live chat assistance to help you understand more about the different policies. You may also call their helpline numbers to resolve your queries and clarify all your doubts. Once you have made your decision, you may either choose to complete the procedure online or request a meeting. The insurance company will send a representative to help you complete the procedure.

5. Customization

These days, several insurance companies offer customized products to suit the distinct requirements of individual buyers. When you opt to apply for a term plan online, you may compare different offerings and choose the plan that suits your preferences. You may also pay the premium online on a monthly, quarterly, bi-annually, or an annual basis as per your financial situation.

Availing of an insurance policy online is a cost-efficient and quick option. Insurance companies understand the benefits of this distribution channel and offer special products covering different types of insurance policies. By opting for the online platform, you may avail of the best term insurance plan in India from the comfort of your home or office.

Life is unpredictable!

Although we are all aware of this, very few people actually think about the uncertainty of life and take practical measures to protect their loved ones, in case their life unexpectedly comes to an end.

Such wise people usually buy a comprehensive insurance policy to secure their family’s financial future.

Have you decided to be among those who are always prepared for the uncertain future?

Buy a life insurance!

What to Consider Before Buying a Life Insurance?

Searching and buying the right insurance policy can become a daunting task. But, not when you know what things to consider while weighing different insurance policies at hand. To help you do that, here we are highlighting some of the key factors that need to be considered when it comes to buying a life insurance:

• Make Sure That the Company Is Reliable

The foremost thing to consider before you decide to buy insurance is the reliability of the company you are buying from. Ask around for references and always go for the company that enjoys a good reputation. You can also check the company’s social media page to read reviews. This is important because frauds by insurance companies are highly common. Often, buyers find out about the hidden terms and conditions with regard to charges and coverage after buying the insurance.

Therefore, to prevent yourself from becoming a victim of an insurance scam, make sure you do a detailed research and seek references and reviews before choosing an insurance company. The task is quite tedious, but it is worth making the effort.

• Assess Your Needs

One of the many benefits of finding a reliable company is that the insurance agent can really help you in evaluating and assessing your needs and then choosing an insurance policy accordingly, to cover all your specific needs. The process entails evaluating factors such as the number of dependants, family wealth and assets, and whether the family will be able to pay off any remaining debts and bear the cost of funeral services or not?

Your answers to all these questions will help decide what things are more important for you and how much coverage you really need. For example, for some people the most important thing is to make sure their children’s education does not get negatively affected in any scenario and they want it to be covered by the insurance policy. On the other hand, there are people who do not want their family to pay for their burial services.

• Compare Different Policies

Decide your needs based on what things are important for you. For example, if you only want to make sure that your family receives money to pay for your funeral, ask different companies for quotes for funeral insurance. But, if you want multiple factors to be covered, look for a comprehensive life insurance policy.

Also, never settle for the first company you come across. Always compare different aspects of various insurance policies to make sure you find the best or you will end up regretting it later. In addition to your needs, your financial status also plays an important role in choosing a life insurance policy.

Becoming a day trader is a great way to start an alternate career that will prepare you as jobs become obsolete and independent sources of income are needed. And to become a good day trading you need to spend time in a trading simulator.

As we make our way in a world that is awash in information, the future for traditional jobs is bleak. You are not going to sit at a desk for years, poring over spreadsheets and writing articles for a paltry salary and benefits. That model is going to go away, slowly and then very quickly.

The question is: what do you do about it? Here is one solution: Start day trading. Day trading penny stocks is an exciting and interesting business that can be very lucrative for the right people. It takes time to be able to learn the techniques that will make you a good day trader and it takes grit to work your way through the hard-knock experience it takes to become profitable.

But by cultivating an independent source of income, you can insulate yourself against the trials and tribulations of the regular economy. Not many companies, and not many industries, for that matter, are ready for the coming waves of technological change.

So day trading is a way to protect yourself from what is ahead. In fact, to get good at day trading you need to be OK with volatility and uncertainty. Volatility is a day trader’s great friend. However, you need to be able to see the patterns in a chaotic market in order to profit from them.

Day trading education sites like Warrior Trading can teach you skills and strategies for spotting those patterns. You can learn about stock scanning and advanced chart reading, it is just as vital to move from study to practice.

That is where the paper trading comes in. Spending time in trading simulator is important, because it allows you to understand how to trade at the speed of the regular market, but with virtual currency, so you are not risking any real money. That allows you to make mistakes and learn from mistakes without endangering your life savings.

Working in a trading simulator with Warrior Trading means you will be able to trade in real time, with Level II quotes and veteran traders looking over your shoulder as resources to rely on. It is the ultimate practice for becoming a profitable day trader and creating an independent source of income for yourself.

To learn more about how working in a trading simulator can bring you from novice to expert, check out Warrior Trading on Facebook.