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Ask some contractors. They’ll nod in agreement: Contractor’s insurance seems to be costing more and more, particularly in worker-sided states. Ask an insurance agent and you’ll get a ton of information about what causes it.

Some state legislators when it comes to labor disputes are biased towards the worker. It is for this reason that insurance companies will end up paying more in defense and liability costs if a worker is injured on their site. And that is why the premium is higher.

General contractors who operate these locations, as well as property managers, among others who hire subcontractors, should consider obtaining another form of insurance with respect to workers’ compensation liability. While it is true that this insurance, known as action claims, adds to the already high premium costs, in the event there is a third party injury claim and the commercial general liability policy excludes this type of claim, coverage it’s everything.

Action claims insurance protects you if your worker or the subcontractor’s worker is injured and then collects workers’ compensation benefits, then pursues a liability claim against the property owner, who then returns liability to you to you.

Claim of action on: what it means

Here is an example that may help explain the idea of ​​insurance.

Do-All Property Management Company put his signature on a severance agreement provided by an apartment complex he was assigned to oversee. The agreement meant that all occupational hazards were the responsibility of Do-All.

It just so happened that a painter slipped from his ladder. The accident resulted in a severe fracture of both legs. The painter needed money right away to pay for expensive medical bills, hospital stays and lost income, so he filed a workers’ compensation claim with his boss, the Do-All subcontractor.

Now the painter needed a place for further compensation. He knew that suing his boss was out of the question because he had already collected workers’ compensation benefits from her. He was advised to file a multi-million dollar lawsuit against the owner of the apartment complex. Once the owner of the apartment complex was notified of the lawsuit, he contacted Do-All Property Management, who, under the severance agreement, was now responsible for liability.

In the event that Do-All had the foresight to include action claims coverage in its commercial general liability policy, there would be protection and peace of mind. On the other side of the coin, in the event of an action claim exclusion on the Do-All commercial policy, the management company would find itself in ‘hot water’ with the need to pay out-of-pocket in full to third parties. . loads

To learn more about this important coverage for the general contractor and industries like him or her, contact an experienced independent agency.

Although it is always a good option to let a qualified professional do your home asbestos test for you, there are some home test kits available for less than $10 that can be useful if you want to test a specific area of ​​your home, like attic insulation. A company called Pro-Labs makes a test kit that is safe and easy to use, and because of the minimal cost involved, it might be a good option for testing a particular area that you are unsure about.

In the worst case scenario, if the test kit results are positive, you can be sure that even though a professional will cost you a lot of money from then on, they will at least get the job done right if you are considering asbestos removal. On the other hand, if the test kit results are negative, you have just saved yourself an expensive visit from a qualified professional!

Typically, asbestos testing should be left to professionals if you are dealing with a home or structure built before the 1980s. During that time, homes were routinely manufactured to contain many asbestos products, such as shingles, siding, and isolation. The reason you should consult with a professional is because it takes a trained eye to detect all of the asbestos contained in your home, giving you absolute peace of mind that there will be no hazards in your home once it is removed.

Asbestos is responsible for approximately 10,000 deaths a year in the US, and worst of all, the numbers seem to be rising! Home asbestos testing is a smart move and worth every penny for you and your family’s well-being.

There are some places in the world where the recession does not seem to have affected much, if we were to guide the prices of properties and real estate in these places. These are places that are in great demand due to the fact that they represent a great investment and potential for capital or value appreciation. This is where Paphos property comes in handy as it is one of the most highly regarded and sought after property locations in Cyprus. In any case, Cyprus is quite famous all over the world and a property there is actively sought after by celebrities and ordinary people alike.

When it comes to Paphos, it is a coastal city located in the southwestern region of Cyprus, a jewel of an island nation in the Mediterranean Sea. If we look at Greek mythology, Paphos is said to have been the birthplace of Aphrodite, the Greek goddess of beauty and love. It is also closely associated with the travels of Saint Paul in the first century AD. C. With all its wonderful historical moorings, it is no wonder that Paphos is a magical and mystical place, which also establishes its identity as a place where Paphos property is of great value. valued and appreciated by people.

In the modern age, Paphos has established itself as a popular tourist and maritime center. It has a picturesque but delicious fishing port, which brings great joy and charm to those who visit it. This is the reason why there is a huge demand for property in Paphos, because people are realizing its great potential as a tourist destination of choice. It is also apparent that there are so many people who would love to own a property here just because they can easily turn it into a resort or vacation home and thus make a decent profit from the large number of tourists that flock to it. here every day. year.

If you want to view Paphos property, go online and look at the various options available. Don’t just be fooled by gimmicky websites as they may not perfectly serve their purpose. Rather, it may be worth researching several property options yourself, and then seeing which one best suits your needs and budget. After all, when you’re spending your hard-earned money, it always makes perfect sense to make sure you’re getting the best deal.

The “real deal” is bankrupt.

Former heavyweight champion Evander Holyfield is playing the real life game Deal Or No Deal. It has been reported that his $10 million estate in suburban Atlanta was under foreclosure, the mother of one of his children was suing for unpaid child support, though it appears he has paid off that debt. A Utah consulting firm went to court alleging that the boxer failed to return more than half a million dollars for landscaping. Just one more high-profile athlete who has to reduce his lifestyle to the level I’ve been accused of. Why are athletes who seem to have it all often completely unable to control anything related to finances?

We all played our fiddles to death when we heard about Latrell Sprewell’s financial problems. On Halloween 2004, Sprewell, who was in the final season of a $62 million, five-year contract with the New York Knicks, said he was insulted by the Minnesota Timberwolve’s offer of a contract extension reportedly worth between $27 million and $30 million. for three seasons. Sprewell said, “I have to feed my family.” That quote became a national nickname for the public perception of athletes as greedy, out-of-touch individuals. Apparently Sprewell still can’t feed his family. His yacht was recently repossessed and his multi-million dollar mansion is about to be repossessed.

While there is a stereotype of the financially irresponsible NBA athlete, no professional sport is immune.

Let’s take a look at some financial sob stories from high-profile athletes over the years:

1. No one my age can forget Jack “The Ripper” Clark, star player for the Boston Red Sox who filed for bankruptcy in 1992 in the middle of his second year of a three-year, $8.7 million contract with Boston; he listed $6.7 million in debt. Jack was a master of financial planning and prudent asset acquisition. His bankruptcy petition listed assets as 18 cars, including a 1990 Ferrari that cost $717,000 and three 1992 Mercedes Benz cars that cost between $103,000 and $143,000. He owed money on 17 of the cars and was responsible for about $400,000 in federal and state taxes. He too had lost around $1 million in a drag racing venture. It seems that Jack would have felt more at home in the NBA. You can read about it hereMike Tyson’s Bentley

2. Johnny Unitas, Hall of Fame quarterback for the Baltimore Colts, filed for bankruptcy in 1991 citing numerous failed business ventures in his petition. These failed parties included bowling alleys, land deals, and restaurants. He filed for Chapter 11 bankruptcy in 1991.

3. Mike Tyson The name speaks for itself. Mike’s bankruptcy was highly publicized. Despite earning millions during his boxing career, Mike kept it simple. His bankruptcy petition simply stated, “I can’t pay my bills.” According to federal court records, his liabilities totaled about $27 million. You can read that story here.

4. Dorothy Hamill, the women’s figure skating gold medalist at the 1976 Winter Games, filed for bankruptcy after a series of financial setbacks. Hamill said she has experienced financial setbacks as a result of poor financial investment advice and management.

These are just a few of the woe stories of many athletes. It’s not a phenomenon limited to professional sports, just ask MC Hammer. Before filing for bankruptcy, it was made public that his day-to-day expenses far exceeded his income of $33 million. If I’m going to veer into celebrities, I certainly have to mention Kim Basinger and Michael Jackson.

When the Toronto Star published an article claiming that a shocking 60 percent of NBA athletes “broke” five years after retiring, didn’t we all pull out that tiny violin we’ve reserved for such occasions? The NBA Players Union and the NBA have disputed that claim. The article goes on to talk about all the people who are taking advantage of and “ripping off” these athletes. While I have no doubt this is true, I can also understand how such a generalization would make the NBA uncomfortable. It leaves you with the impression that 60 percent of NBA players are not only financially inept but also idiots in general. This is simply not true. While good business sense is often lacking, I find many of their mistakes to be more mistakes of trust, credibility, and lack of life experience than anything else. Smart, busy people who can afford it hire people with specific expertise to help them. This allows them to focus on their experience. Sometimes mistakes are made and poor judgment is used as to who we hire and who we date. That’s not exclusive to the NBA or professional sports. This happens to everyone. That’s life. Happens all the time. It just doesn’t make the front page when we’re wrong. If there is any doubt as to how badly we as a general public erred, just look at the personal bankruptcy filing statistics.

To get an insider’s perspective, I contacted Jordan Woy, a highly respected sports agent and head of the sports marketing/management firm Schlegel Sports. Jordan has represented numerous high-profile athletes.

This is what Jordan said:

I think there are several reasons why so many athletes “go broke.” First, whether you’re a lottery winner, athlete, or entertainment star, if you’re not equipped with the knowledge on how to earn and save money, you’re in trouble. When they didn’t earn it through disciplined business practices and don’t have those skills, they usually do it quickly. Most of the lottery winners or athletes win a lot of money in a short period of time. They start spending it on things that only go down in value (cars, jewelry, parties, entourage, etc.) and start evaporating the money they have. They can continue with this until they stop making a lot of money. This is when the problem starts. It’s hard to believe that MC Hammer, Mike Tyson, Evander Holyfield and now Ed McMahon are broke. These are people who made hundreds of millions over time and disappeared. Lavish spending and entourages were probably the undoing of the first three.

Most athletes play for four to ten years if they are lucky. After paying taxes (can be 40-50%) and agent fees and buying their first homes, cars, outfits, jewelry (plus cars, clothing, and jewelry for friends and family), they are left with very little. When they first “strike it rich,” all their old friends and family expect help. Most athletes feel compelled to help everyone at first and then find out. They also want to keep up with their teammates. If someone buys a Bentley, he has to buy one; If someone buys a $75,000 watch, they have to buy one to maintain the appearance. Then, of course, when the race is over and you’re still living in a multi-million dollar house, driving 3 expensive cars (and insurance), riding private planes, and taking limousines when you go out on the town, reality sets in. Money dries up very fast.

However, if athletes educate themselves, learn money management skills, and make smart and safe investments along the way, they’re generally in pretty good shape. After representing athletes for over 20 years, we call this our “life plan.” We take clients on off-season work vacations to places like Las Vegas, Cancun and on a cruise to the Bahamas to learn how to network. We have people from industries like real estate, oil and gas, financial planning, credit repair, asset protection/estate planning, etc. who come to educate the players and their wives so they can learn about these businesses and also determine if they are interested in any of these industries for life after the sport. One of the financial planners who always comes here says that most people die going down Mount Everest and not going up. The goal is for these athletes to get to their Mount Everest AND get down safely.

So what do you think? Are the financial mistakes athletes make different from your mistakes or mine? Without a doubt, they are mistakes made with a greater disadvantage. When we hear these stories, are we not able to understand that someone could have so much money and spend it all? Can we learn lessons about how to live our lives from their highly publicized financial mistakes? Do we care at all?

With all due respect to Latrell Sprewell, we have families of our own to feed…

You have beautiful laminate flooring and wonder if you should finish your concrete stairs with laminate to give the space a cohesive, designer feel. First of all, is it possible? Can concrete be covered with laminate? The answer is yes. In fact, if you’ve ever covered wood stairs, the process is similar, except installing the trim is a bit more involved.

what you will need

To perform this task you will need:

• Construction glue PL200 or stronger
• Jigsaw for cutting laminate
• Chop saw for cutting metal corners
• drill with a concrete drill bit
• electric screwdriver
• plastic plugs
• broom

I recommend using metal nosing, as they are stronger and will hold up better on concrete stairs. (The foil tips that come in a kit are also more complicated, as the tracks have to be in exactly the right place, and there isn’t much standardization – each manufacturer makes a slightly different size/style of foil tips.)

to do

Start by sweeping the stairs and cleaning up any shavings or dust. You will need a clean surface for the glue to properly adhere to the concrete and laminate. Once the area is clean, start the risers first.

Measure, mark, and cut each laminate plank to fit the riser with the groove side down. Glue the riser and the back of the board together, and secure the board in place again, making sure the groove is at the bottom of the riser. Once all of the risers are glued down, you are ready to start with the moldings.

Start by measuring and cutting the metal tips to fit. Mark on the concrete where the screws will go, then using a drill with a concrete bit, drill the holes. Place a plastic plug in each hole. Number the corbels so that you match each one to the correct tread when you screw them on later.

Measure, mark and cut each laminate plank to fit the tread with the groove side facing in to match the bottom of the riser. Arranging the planks so that the riser groove meets the tread groove creates a clean, professional edge at the corner. Glue down the tread and the back of the board and secure it in place, making sure the groove faces inward.

Stair nosings are meant to finish the look by hiding the edge of the stair. Unfortunately, with concrete stairs, this can be a bit tricky, as the edge of the stairs is often thicker than the actual stair. If this is the case, cut a laminate board so that it is wide enough to cover the concrete curb and glue it to the curb face at each step. Then secure the trim over the top by screwing it through the laminate tread into the pre-drilled holes in the concrete. (If you’ve already covered the face of the lip with laminate, you can glue the nose to the laminate for extra adhesion, then screw the top of the nose into place.)

SAN DIEGO, CA – “Buy low, sell high” is a well-known adage attributed to legendary billionaire investor and philanthropist Warren Buffett. Looking at today’s super-hot residential real estate market, it’s hard not to wonder how much longer this madness will continue.

Buyers are in bidding wars to buy homes, multiple cash offers with no financing, no contingencies, sales prices tens or even millions of dollars above asking prices, double-digit annual home price appreciation, and inventory very low housing. on sale.

According to the Case-Schiller Home Index, the average annual home appreciation in the top 20 metropolitan areas was 14.6% year-over-year as of last May. Phoenix had the highest annual price increase at 22.3%, followed by San Diego at 21.6% and Seattle at 20.2%.

I vividly remember back in 2005-2006, at the height of that last super hot residential real estate market, many were saying that the market would continue to thrive and prices would go up for at least another ten years.

However, in 2007 home prices began to deteriorate and in 2009-2010 a wave of short sales and foreclosures dominated previously very hot markets. Hardest hit places like Phoenix and Las Vegas had depreciated property values ​​in some cases by more than 50%.

But this time it will be different… no. If there’s one thing true about real estate (and life in general), it’s that it’s cyclical. Every boom is followed by a bust, and every bust is followed by an eventual recovery and then another boom, and so on.

In the case of the real estate sector, the cycles are usually much longer than those of the general economy and last, on average, about 15 years. In this particular case, it is important to note that we are talking about a residential real estate cycle (homes), which can be quite different from a commercial real estate cycle (investment properties).

So where are we today? Interest rates, including mortgages, are at ultra-low levels. For example, our sister mortgage company recently closed 15-year fixed rate loans as low as 1.99%. This is quite remarkable given that the inflation rate is skyrocketing. Just last June, inflation jumped 5.4% year-over-year.

This was the largest increase in inflation since 2008. At this rate, the US is on track for double-digit inflation by 2023. Compare that to annual inflation rates of just 2.4% in 2018, 1, 8% in 2019 and 1.3% in 2020.

The money supply, the public debt and the public spending of the Federal Government are enormous. It seems that not long ago, when politicians discussed the federal budget, they talked about millions, or at most billions of dollars. Now, if it’s not a trillion, it doesn’t seem like much.

Unemployment in the US has been steadily improving since its peak of 16% in May 2020. In early June, the unemployment rate hovered around 5.9%. However, these numbers can be misleading, as they do not include people who are “underemployed”—for example, moved from a full-time to part-time job—or those who earn less now than they did before the pandemic.

In addition, they do not count workers considered “permanently unemployed” (unemployed for more than six months) and those who “stopped looking for work.” The “real” unemployment rate, or the so-called U6 unemployment rate, is around 9.7%.

So how does all of this translate to the residential real estate market? The real estate cycle today is about 15-16 years, which is worrying, but basically, as long as money is so cheap, buyer demand is so high, and the supply of available homes for sale is so low, the “music goes on.” ringing”. .”

Also, we should not underestimate the “Covid effect” in housing. One of the reasons homes became so valuable was because of the lockdowns and paradigm shifts resulting from working from home, teaching from home, playing at home, and eating at home.

If cycles are the law of the universe, then it is safe to assume that this cycle must also change. When? No one knows for sure, as we realize that the cycle has changed only after it has already done so.

However, in my judgment, the catalyst for change will be a short-term rate hike by the Federal Reserve, which will have to happen sooner or later given high inflation.

Our real estate brokerage receives many inquiries from buyers and investors looking to purchase property. In our opinion, real estate buyers should proceed with extreme caution in such an overheated real estate market.

Double-digit annual price appreciation is absolutely unsustainable as real wage increases are in the low single digits. It is important to understand that real estate is not a very liquid asset and that there are substantial costs associated with its sale.

For most residential property owners, real estate should be a long-term game, and buyers should keep that in mind when considering property purchases. When the inevitable market correction hits, home equity can be greatly reduced or even wiped out in the case of heavily foreclosed homes.

In such cases, homeowners may find themselves “upside down” on their mortgages, meaning they will owe more than their property is worth. Short sales and foreclosures will once again be familiar terms.

On the other hand, those lucky residential property owners who currently own highly prized real estate assets may be in a perfect position to cash in their capital now that the market is hot and prices are high (remember what W. Buffett said).

Residential homebuilders, especially those building in the lower price ranges with projects already underway or about to go vertical and will deliver completed homes in the next 12 to 18 months, are in good shape because the current demand from buyers far exceeds supply.

Beyond that time frame though, it’s anyone’s guess. Exorbitant prices for materials, high land and labor costs, and onerous government fees make it difficult for builders to deliver affordable homes and turn a profit.

There could be another important consideration to sell sooner rather than later: Uncle Sam. The current administration is openly talking about raising taxes, and despite its election promises, it won’t hit just the “rich.”

For example, under his latest tax proposals, the capital gains tax break for homeowners when selling primary residences can be greatly reduced or even eliminated entirely. Oh, by the way, the capital gains tax rate is going to go up too.

Another significant tax change on the horizon for those who own investment property, even if it is a small rental home or condo, is a proposal to reduce or eliminate the so-called “1031 Tax Swap” under which taxes on Capital gains can be deferred on investment properties, including small and large rentals.

Every situation is unique, but my general advice to Clients looking to buy real estate now is that there must be a compelling reason to do so. I recommend being patient and not falling into a frenzy, which sooner or later will pass.

Again, let’s remember what W. Buffett says about buying low and selling high, and he certainly has the track record (and the bank account) to show that he knows what he’s talking about.

For Clients who own real estate and want to keep it for the long term, I recommend that you review your mortgages and interest rates (if you have any loans on your properties).

If it’s beneficial, they should consider refinancing them, with or without cash out, to take advantage of these extremely low interest rates, which at this point are well below the rate of inflation, making them practically “free money.”

For Clients who are considering selling or have short-term property plans, this could be a great opportunity to review their property values ​​and determine if selling now, while the market is very active and prices are very high, is a good opportunity. good idea

In conclusion, no one knows what the future holds, but a couple of things are certain: the real estate industry is cyclical and change is inevitable. The current cycle of the residential real estate market is ripe, prices are very high, and therefore it is reasonable to expect a change in the market.

Are you looking for an apartment to rent in Buffalo NY but have bad credit, a previous broken lease, bankruptcy or a criminal record and are worried about being denied? Perhaps you have already applied and been turned down by apartment after apartment. This can be a very frustrating ordeal, especially if you have already paid the deposit and have been led to believe that an approval is coming your way. Many individuals and families go through this every day and this is also compounded by the fact that apartments that offer second or third chance rentals are hard to find.

One of the reasons that apartments of this caliber are difficult to locate is because they are not formally advertised in the mainstream media. The reason for this is that they want to continue to attract quality tenants who have excellent credit. If you have been searching for a second chance apartment in Buffalo NY that will get approved even with bad credit and/or a broken lease, here are some locations you can check out:

• allentown
• black rock
• Delaware
• buffalo downtown
• elm wood strip

We mentioned that the frustration of finding an apartment to rent to clients who owe previous apartments or who have a felony/misdemeanor can be compounded by the fact that they are difficult to locate due to their reluctance to advertise. But this does not mean that all apartments are the same. There are a few scattered units in certain parts of the city that are willing to work with less-than-optimistic credit tenants.

One of the best ways to locate these apartments is to use the Internet. While we mentioned that these apartments are rarely advertised, some do and a careful and diligent search can yield useful results. The Internet is also useful for comparing prices and reviewing what other renters have said about their experience in that particular property.

Apartment locators are also beneficial because they may know some places that are lenient with people with credit or rental problems. They also have long term relationships with many leasing managers and these can be helpful.

Apartment hunting in Buffalo with tarnished credit or bad rental history can be challenging, but with the right tools and diligence, you can secure yourself a great apartment that will get you approved instantly. We can’t promise this will be easy as most apartments routinely run credit checks or background checks as well as criminal background checks. But hundreds of individuals and families have found great homes in Buffalo, even with bad credit.

You have just negotiated a deal with a buyer and have signed a sales contract. The good news is that you are almost there. The bad news is that the finish line is still not as close as you think. Even though you and the buyer have agreed on a price, there is still room for the deal to fail. Two large parts of the transaction still lay ahead: the inspection and the buyer’s mortgage.

home inspection

With most standard sales contracts, the buyer will request to be allowed to perform a home inspection. If this inspection is not satisfactory to the buyer, the deal could die right there. There are three main types of inspections that the buyer may have completed.

• Termite inspection. Depending on your state laws, you or the buyer may be responsible for termite inspection. If it is your responsibility as the seller, then you should have a letter from a licensed pest control company stating that your home is free of termites. Whether you or the buyer pay for the inspection, it is your duty to fix the problem before closing.
• Roof inspection. If the roof inspection results in the repairs being completed, you must cover the repairs.
• General inspection. This is an inspection of major appliances, air conditioning, heating, plumbing, and electrical systems. As the seller, you must repair or replace any of these items that fail inspection.

Avoid inspection problems by completing your own inspection before putting your home on the market. That way, you’ll have time to make the repairs before the buyer’s inspector catches them.

Alternatively, you could sell your home “as is.” Such a stipulation must be included in the sales contract and lets the buyer know that you will not fix any problems that may arise from any inspection.

The main drawback to selling your house “as is” is that any potential buyer will assume that you know of problems with your house that are too expensive for you to fix, making them extremely reluctant to even want to make an offer. If they do, don’t be surprised if it’s significantly lower than their asking price.

Mortgage Pit Falls

Your buyer’s ability to purchase your home depends on your approval for a mortgage. If the buyer is not approved for a mortgage large enough to buy your home, the deal will fail unless he is willing to lower the purchase price. Without financing, it is impossible for the buyer to acquire your house.

What can you do to avoid this problem? Make sure all buyers are pre-qualified before beginning negotiations. Ask prospective buyers for a pre-approval letter from a lender. Serious buyers will already have gotten pre-approved for a mortgage. Make sure the amount the buyer has been pre-approved for covers the sale price of your home.

You can also work with the buyer to obtain financing. If you are working with a real estate attorney, he or she could be a resource that can help a buyer communicate with a lender or mortgage broker. Alternatively, you can contact a local real estate agency for recommendations on lenders or brokers.

Just because you’ve been turned down by one lender doesn’t mean another won’t approve you for a loan. Be patient and keep working.

As a real estate agent, I have seen a good chunk of home sales drop due to failed inspections and lack of financing.

As the owner, you are in control of the inspection. You can choose to fix any and all issues an inspector finds.

Financing, on the other hand, requires a significant amount of faith and often hope. So, while you wait for the buyer’s financing to be approved, he keeps his house on the market and continues to look for offers in the hope that he may end up with a secondary offer that he can fall back on if the original offer falls through. .

Dump truck design has come a long way since this vehicle was initially developed in the first quarter of the 20th century. There are a myriad of these vehicles available in dump truck sales with designs to suit various applications. There is one remarkable design that took this basic vehicle to a whole new level and it is known as a three-way dumper; is a unique design innovation that revolutionizes the way this equipment is used.

comparisons

Standard – The standard version consists of a steel box box mounted at the rear of the cab that is attached by means of hinges at the rear end of the vehicle chassis. The hinges allow the dump bed to be raised vertically. A single massive hydraulic ram also connects the chassis and bottom of the bed and provides the force necessary to lift the bed at a steep angle to empty the contents.

While the standard version of this vehicle is effective at unloading whatever has been picked up in its box, it does have some limitations. The download platform can only download through its rear. This means that in most cases, operators will have to back up and maneuver to get the rig into the correct position to unload at the correct location. Maneuvering the truck takes time and costs money for the additional fuel required. It can also be a problem when the dump site doesn’t have enough room to maneuver.

three way tipper – While standard tipper trucks can only dump their contents at the rear of the vehicle, the three-way tipper is capable of dumping on three sides. The two are similar in terms of the design of the base frame, as well as the bed, and both use the same reinforced frame for stability along with a metal box to transport the material.

The three-way tipper feature that makes it so unique is found under the dump bed. The new design uses four hydraulic cylinders, each fitted with a cross joint to allow movement. By lifting two of the hydraulic cylinders located on the right side of the chassis, the bed tilts to the left. In the same way, if the hydraulic cylinders on the left side are raised, the bed will tilt to the right. To perform the same function as a standard dump truck, the operator can lift both hydraulic cylinders located behind the cab to tilt the bed back.

Advantages of the three-way tipper design

• faster download – With the three-way tipper, operators can reduce their unloading time because it eliminates the need to back, maneuver and position equipment just to get the contents to land in the right place.
• canned fuel – Maneuvering of the equipment for the unloading of burned fuels. Since shunting is generally not necessary with the new design, it helps save fuel.
• Less space needed to download – Unloading in a tight space is something drivers have trouble handling. Backing up and maneuvering in a tight space can be dangerous. With the new design, operators may not necessarily have to back up each time, so there is less risk of hitting anything that might be behind the truck.

The three-way tipper is a break from the conventional design of trucks typically sold at tipper sales. With this new concept comes increased functionality and efficiency. It’s no wonder that with all these new and productive features, more interest is being shown in the three way dump truck!

Contrary to popular belief, real estate investments don’t necessarily require large amounts of cash up front. In fact, many real estate moguls have risen to the top through leverage or financing. Investment property financing is an excellent real estate technique and a norm among experienced investors. The reason is obvious: firstly, you lose significant profits if you don’t take advantage of your investment. Second, real estate involves some risk, and therefore you wouldn’t want to put every penny of yours on the line.

Real estate can be a lucrative endeavor if you make use of investment property financing. As an example, consider the following scenario:

Let’s say you buy a property for $100,000 that appreciates at a rate of 8 percent per year. If you rent out the property, you are likely to rack up a profit of about 16 percent per year. However, with investment property financing, this net gain could skyrocket to more than 100 percent. In general, real estate investors can have a property financed for up to 95 percent of its total purchase price.

How does investment property financing work?

Considering the above scenario, let’s assume that your rental income fully covers your property ownership expenses. Now, an 8 percent appreciation in the property would produce a profit of $8,000 per year. If you can get 95 percent financing, you would have to pay only 5 percent down, which is $5,000. Thus, you earn returns of $8,000 on an investment of $5,000, which is a staggering 160 percent return on your investment.

If you’re willing to go a little further and invest in 10 of those properties (with 95 percent financing on each), you could end up turning a profit of $80,000 per year. Therefore, investment property financing is always better than a cash deal. However, getting financing for more than 5 or 6 properties can be quite cumbersome. As an investor, you must be eloquent enough to present convincing arguments, and you must possess exceptional negotiation skills.

All things considered, if you have a lot of cash and are satisfied with negligible returns on your investment, you may not be looking at investment property financing. However, if you yearn to be a major player in real estate, and also want to test the waters first by not using much of your own funds, then investment property financing is the way to go.

Copyright © 2006 Joel Teo. All rights reserved. (You may republish this article in its entirety with the following author information with live links only.)