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Window Options: Magnetic Retrofit Double Glazing

Chilled to the bone, or squinting and sweltering in your home? Before you reach for the thermostat to crank up the heat or ratchet up the air conditioning, reach for the Internet or the phone. It could be the windows that are to blame for all the discomfort in your home.

Apartment-dwellers, condo and townhouse dwellers, listen up, because this applies to you too. Even if your homeowner's association or landlord takes care of structural changes and the exterior of the home including windows, you may not have to grin and bear it any longer.

The magnetic retrofit double glazing system is a subtle secondary glazing and minimal frame that inserts within the existing window frame to add the superb insulation against air for better temperature regulation and sound proofing.

It provides either a clear acrylic or glass material within the existing window assembly. The subtle frame is generally made from vinyl or PVC, which is a superior material for causing thermal breaks.

A thermal break is simply a material that does not allow air to penetrate it. For instance, old aluminum conducts hot or cold air. Newer windows employ thermal breaks, or pieces of vinyl or PVC to "break" the flow of air.

The magnetic channels ensure an airtight seal for the window by creating a sandwich of air. This is a superior and fully natural insulation using just air entrapped between two materials (glass in this case). It results in extremely low air infiltration among all types of windows.

This results in a massive reduction in both noise transfer and air infiltration. The magnetic retrofitting frame works with any frame material, from timber to aluminum and even steel.

Another added benefit to realize with the addition of magnetic retrofitting material is that it can be additionally altered to block out the sun. Having films applied to the windows helps cut radiant heat within the home tremendously.

The film gets applied within the inside of the existing glass. This enables the glass to bounce the heat back out of the home before it ever gets to the cavity shared with the new retrofit material.

Better performance of your windows can be realized whether you have an apartment or own a single-standing home. It is far less expensive than purchasing replacement windows and paying to have them installed. It will also contribute to more favorable utility bills too. Contact your local Magnetite supplier supplier today for more information.

Financing Your First Investment Property

When it comes to buying a real estate investment property, the first deal is the hardest. I know this from personal experience. I kept talking about buying a rental property for several years until my husband finally took the initiative, found a property, and made me buy it. From a hotel room in Texas, where I was staying on business, I nervously signed a contract and committed myself to buying a “bread and butter” house in Florida. Thanks to rising real estate values, the house has appreciated substantially…leaving me to wish I had bought ten more!

I know that financing your first investment property can be daunting. It scared me — and I have a mortgage broker’s license, for heaven’s sake! But as they say, it’s usually the things we don’t do that we regret later in life. So if concerns about financing your first property are stopping you from getting started, here are some tips:

Check your credit early for mistakes and items you may need to address. Once you review your credit report, do not take any drastic action without first consulting with an expert. In particular, don’t close old accounts or pay off collection accounts right before trying to get a loan. Either action may hurt your credit score rather than help it.

If you are not eligible for a loan based on your credit or other qualifications, look for an investor partner to go in on the property with you. There are many others out there wishing they owned more real estate who lack the time and/or expertise to find and buy property. There are also “hard money” or private loans for good deals. The interest rates are high but can be worth it if you can refinance or sell the property in a relatively short period of time.

Decide What You Are Buying
All things being equal, second homes may offer better financing, but it will depend on where the property is located and what you intend to do with it. Talk with your tax advisor about how you plan to use the property to decide whether it would be better to buy a second home or an investment property. I am not a fan of stretching the truth on applications. If you are buying an investment property, call it what it is. Whatever you do, don’t buy a property where someone talks you into saying you will live in it when you won’t. There are illegal scams that solicit “straw buyers,” and these can get you into hot water.

Understand the Numbers

Investors have different goals. Some want to buy a rehab property, fix it up, and sell it quickly for a big profit. Others specialize in pre-construction, which means they put a contract on a home or condo in a development before it is built and then sell it for a profit, sometimes before they complete the purchase! Others will buy a home they can rent out, and are happy to break even or make just a little money each month, expecting appreciation to be the pay off. Still others want to buy a vacation home in an area they want to visit. They may use it from time to time and rent it out the rest of the year for a profit. Whichever approach you decide to take, make sure you understand the numbers, including the cost of financing, a down payment, advisor fees, repairs, etc. Be realistic about whether you can afford to make the mortgage payments for as long as it may take to find a buyer or a tenant.

Now that you see the possibilities, here are the steps you will want to take to make things move smoothly:

1. Gather Your Paperwork
Be prepared to provide copies of: two month’s worth of your bank statements, investment account, and retirement account statements (all pages; not Internet statements); the last two pay stubs if you have a regular paycheck job; driver’s license and Social Security card; and bankruptcy, divorce or separation papers, if applicable. If you are self-employed, you may be asked for some or all of the following: business license or occupational license, letter from your CPA establishing two years’ self-employment, last two year’s tax returns, business bank statements, and/or business financial statements.

2. Assemble Your Team
You will want an accountant who understands investment property tax strategies; a realtor or real estate attorney who can help you make sure you use the properly worded contract and include the right contingencies; a mortgage professional with experience in investment properties; an attorney who understands asset protection to help you form the right structure for holding your investment property (often a limited liability company or LLC); and an experienced insurance agent. I strongly believe all of these professionals should invest in real estate themselves since investment property transactions have special nuances.

Advisors with investment property experience can help identify potential problems before they happen. One of the big ones: holding investment property in your own name, warns Rich Dad Advisor Garrett Sutton, an attorney and author of Own Your Own Corporation (Warner) How to Use Limited Liability Companies and Limited Partnerships (SuccessDNA). By doing so, you expose your real estate and personal assets if a lawsuit arises.

3. Get Pre-Approved
Before you start house-hunting, get pre-approved for a loan through a mortgage broker or lender, and request it in writing. That piece of paper can be very helpful when you negotiate the purchase of a property since it gives the buyer greater assurance that you won’t tie up the deal and not qualify.

Now it’s time to dive in! You’ve heard of “analysis paralysis?” It’s a disease I, and many other would-be investors, suffer from. Fortunately, I have a spouse who drags me out of it from time to time. While you don’t want to dive in blindly, if you have done your homework and have found a good deal, at some point you have to just go for it. If you can’t seem to take the plunge, ask financial advisors to help you make progress, get involved with your local real estate investment club, or find an investor who can act as a sounding board.

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