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Don’t Sell Your Home, Turn it Into a Rental!

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Instead selling you residence to purchase another home, you may decide not to sell your residence and turn it into a rental property. In this case, the next house that you purchase and live in once again qualifies you for the lower owner-occupied loan rate. This approach also makes it easier to make repairs to the rental house because, having lived there, you already know the tricks on how to fix the things that typically need repair.

A system that I use is to refinance my residence about a year before I plan to buy a new residence. This gives me enough money for a down payment on the next house that I will purchase. When I locate a good fixer-upper I can quickly purchase it. During the 3-4 weeks it takes to close on the new house, I prepare the old house so it will be ready to rent. This usually involves some painting and landscaping. Then, before I close on the new house, the “for rent” sign goes up on the old house.

The 3 steps in this technique:

1.) refinance your residence.

2.) use the refinance money as a down payment to buy a new house.

3.) move into the new house and rent out the old house

Under this technique, you get the lower “primary residence” interest rate for both the old property and the new one, since each property is your primary residence at the time that you take out the loan.

When I did my first refinancing of a townhouse that I owned, I received a rate of 6.1%. The rate for my original loan was 7.5%. The original purchase price was $52,500 but the value had increased to $82,000 ten years later. I had also paid off about $10,000 of the mortgage principal over the course of the ten years.

When refinancing, you should keep 20 percent of the value of the house in the house to avoid paying private mortgage insurance and to pay a lower interest rate. After refinancing the townhouse, my monthly mortgage payments went down from $535 per month to $518 per month, even after taking a little less than $20,000 out for the down payment on the next house I purchased.

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Roulette Strategies Tip To Play Safe And Win the Game on Casinos

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Roulette has been attracting millions of casino players for over 300 years already and is considered to be the most popular table game in both land-based casinos and online. More and more players have come to realize that they can increase their chances of winning if they follow certain roulette strategies. Some of the best are as follows:

The Martingale Roulette Strategy. This unique strategy has been used since the 18th century by thousands of players who managed to beat the roulette wheel. With this strategy, a player has to double his bet amount after every loss until he has a win that will recover all his previous losses plus a profit that equals with the initial bet.

Be smart. In order to make sure your chances of winning are over 50% you need to know where to place the chips. The best strategy is to place two chips on the column from 1 to 34, one chip on red and another two on the column from 2 to 35. By doing so, you will cover 23 out of 35 numbers, while the other chip placed on red covers another 8 numbers found in the third column. With this strategy, you are more likely to win in the long run.

Bet on a few numbers from the low side. Another great roulette strategy is to pick a few numbers from the low number side (from 1 to 18) and then stake the exact same amount on high. If you are lucky and the ball hits the high numbers area you are a winner. Moreover, if it hits one of the low numbers, you have a chance of winning. This strategy improves the value of your bets.

Cash out every time you win; this is probably the most important strategy allowing you to play it safe. After you double the initial investment, make sure you withdraw 50% of the money (which is the exact initial investment) and start beating again. This has been proven to be one of the best ways to stay on top of the game.

There are also many types of software available for online roulette games which may increase your chances of winning. These types of software systems are automated and allows for multiple betting sessions while recording the history of your entire gaming session. Many software programs also allow the players to develop their own roulette strategy to beat the wheel.

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MIG and TIG Welding

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MIG and TIG welding both use an electric arc to make the weld. Some of the major differences are that one process uses a continuously feeding wire, this is MIG. And with TIG welding you use long welding rods and slowly feed them into the weld puddle.

MIG welding is a very simple and easy process to learn compared to learning how to TIG weld. The technical names for these are metal inert gas (MIG), and tungsten inert gas (TIG).

A MIG welder works by using a continuously feeding spool of welding wire that burns, melts and fuses both the base and parent metals together. You can weld a variety of materials such as mild steel, stainless steel and aluminum.

A range of material thicknesses can be welded from thin gauge sheet metal right up to heavier structural plates.

TIG welding on the other hand is more commonly used for your thinner gauge materials. Items that are made with this process are things like kitchen sinks and tool boxes. The biggest benefit is that you can get your power down really low and not blow through the metal.

Pipe welding and other heavier tasks can also be performed, you just need to have a unit that is capable of putting out the amount of power that you need.

The main difference between MIG and TIG welding is that one method uses a continuously feeding electrode and is a very fast way of putting down welds. The other way is a much more fine and delicate welding technique.

The most versatile machine is the TIG welder as you can weld many different types of metals. The downside is that it is very slow. For anybody wanting to do some welding at home your better choice of machine to buy would have to be the wire feeding MIG welder.

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How to Help Your Disorganized Child – Seven Tips For Better Organization

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It’s not just ADHD kids who are disorganized? Kids who don’t have ADHD sometimes can’t remember to bring homework home either. Can’t remember to take the homework back to school when they did bring it home. It’s not intentional. He really means to get his homework done. He just forgets. Maybe her school materials are poorly organized. Maybe he has poor time-management skills. With all the distractions bombarding kids today, it’s not surprising that they forget so much and are so unorganized.

Without some basic organizational strategies, kids do poorly in school and their grades plummet. Some kids end up cheating or lying–whatever it takes to survive school with a minimum of criticism and punishment. Disorganization and forgetfulness get in the way of success at school.

You can teach your child how to be more organized. Maybe you’ll even find some of these tips useful around your home.

Seven Tips to Help Your Disorganized Kid

1. Color code: Help your child organize his school books and notebooks by color-coding them. Use colored book covers, stickers, labels, stars, or markers with one color for each subject. You can also color code the books by adding colored stickers.

2. Clear book covers: Consider using clear book covers to cover books so that your child can always see the covers.

3. Locker organization: Help your child organize his locker. Brainstorm with him to come up with the best solution. Often locker organizers or locker shelves help a lot. Put morning  books on one shelf  and afternoon books on another, or math and science on one shelf, language arts and social studies on another, for example. Label the shelves.

4. Extra set of books: Keep an extra set of textbooks at home. Before you buy them, ask if the school can provide them. Check the web too for companies who rent textbooks.

5. Organizer: Help your child develop daily schedules. Some schools provide daily planners. If your child’s school doesn’t give out planners, you’ll need to buy one or a PDA (personal digital assistant) from an office-supply store. While you’re there, you and your child can look around at other products that help with organizing.

6. Structure: Offer to help your child organize her homework time. As soon as she gets home, go over the list of assignments due the next day as well as any long-term assignments. If you wait until later, it may be too late to get an assignment from a friend or a book from school. Help her decide which assignment she’s going to do first. Then help her figure enough time for each assignment.

7. Home organization: You and your disorganized kid need to decide on one place to put finished homework. One place to put everything that needs to go back to school including his lunch. One hook for his jacket. And keeping his room uncluttered helps also. Have him set a weekly schedule for cleaning and organizing his room. For some kids, they’ll need to do this every day for awhile until organization becomes a habit. Just as you did for his locker, find shelves and cubes to put things in. Color coding helps here also. You may need to help them at first.

Kids will do best at this new organization routine if it’s simple, and they’ve had a say in deciding what will work and what won’t. Disorganized kids can go overboard with color coding, labels, and stickers which only leads to more disorganization because it’s too complicated. They may need help in making it easy.

Being organized gives kids a sense of power and control over school and their lives. As they begin to feel good about themselves, they’ll start doing better in school.

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