Wednesday, December 11, 2019

Property Flipping 2019



One of the most high-profile real estate business ideas, property flipping has been popularized by addictive TV programs over the last several years. Property flipping involves buying a distressed home, repairing and modernizing it and then selling it for a profit, usually to a retail buyer.

While flipping a house doesn’t offer the continuing cash flow of rental income, it can create large, one-time profits on individual properties.

Many general contractors will buy and flip one or two homes a year for extra money on the side. On the other end of the spectrum, there are real estate investors who specialize almost exclusively in flipping. Like rentals, a property flipping business can be run from your home if you choose.

One of the key factors to consider if you are focusing on property flipping is carrying costs. In order to keep your flip profitable, you need to minimize the amount of time you hold the property.

This is why it is vital to consider the efficiency and availability of your repair or improvement construction crew as well as the state of the market to reduce “days on market” (DOM) once you list the completed property for sale.

Another way to increase profitability on flips is to carefully control costs. Ensure that the improvements you choose will truly pay off at closing. Avoid costly design extras that look good but don’t add to the bottom line. Remember, you are not designing a house for yourself; you’re designing a house for local buyers in a specific market at a particular price point.

Tuesday, December 3, 2019

Age, health, bail for co-accused: What led to Chidambaram walking out of Tihar

The Supreme Court on Wednesday granted bail to former Union finance minister P Chidambaram in the INX Media money-laundering case although it rejected one of the main arguments he advanced against a Delhi high court order that denied him bail.
Chidambaram’s main argument in Supreme Court was that the high court had declined him relief despite rejecting concerns that he was a flight risk, may tamper with evidence or influence witnesses.
The reason given by the high court for rejecting his bail plea was that economic offences, as in the present case, are “gravest offences against the society at large” and hence required to be treated differently when it comes to grant of bail.
Chidambaram’s lawyers contested this, stating that the gravity of offence can be grounds for denial of bail only in extraordinary cases where the accused is a habitual offender, child molester or terrorist.
The Supreme Court bench of justices R Banumati, AS Bopanna and Hrishikesh Roy, in its Wednesday’s ruling, held that the Delhi high court was correct in considering the gravity of offence while deciding on his bail plea.
The apex court also held that economic offences would fall under the category of “grave offence”.
Despite these findings, the Supreme Court granted bail to Chidambaram. The following five factors tilted the scales in favour of the 74-year-old Rajya Sabha member:
Age and health
Chidambaram’s age and his health weighed on the minds of the Supreme Court bench.
The court, in its order, noted that as per the high court order, the Congress politician had suffered two bouts of illness during his incarceration. Further, the court also said that he had been put on antibiotics and was advised to take steroids.
Not a flight risk
The Supreme Court referred to the Delhi high court judgment which had concluded that Chidambaram was not a fight risk and there was no possibility of him tampering with the evidence or influencing witnesses. The Supreme Court found no reason to overturn the findings.
Co-accused granted bail
The apex court noted that one of the co-accused had been granted bail by the Delhi high court while another co-accused had been given interim protection from arrest.
His son Karti Chidambaram had been granted bail by the Delhi high court on March 23, 2018 and it was confirmed by the Supreme Court on August 3, 2018. Another co-accused, S. Bhaskararaman, was granted anticipatory bail by the trial court on April 4, 2018 and the order was not challenged by ED. A trial court had granted bail to co-accused, INX Media co-founder Indrani Mukerjea, on April 13, 2018 and her husband Peter Mukerjea was granted bail on May 28, 2018.
Chidambaram was available for custodial interrogation
The Court said that Chidambaram’s anticipatory bail was declined earlier and he had been available for custodial interrogation for more than 45 days.
Available for further probe
Based on the above reasons, the apex court concluded that Chidambaram would be available for further interrogation, investigation and trial and thought it fit to release him on bail.

Monday, December 2, 2019

How to avoid and treat shoe bites : Tips and hacks





The saddest fact : “If you own 1000 pairs of wrong shoes or heels, you must be ready for 2000 shoe bites”

Hello guys! I hope you are having an amazing monsoon. Well, you all know how much we stick to plastic jelly shoes in this particular season of rains. So the other day, I had this awful shoe bite when I was on my way to work wearing my newly purchased plastic jelly shoes. It hurt like hell and I found out some facts, tips and suggestions to avoid and treat shoe bites. Here I am , discussing them with you. Scroll down to know more!

MAJOR CAUSES FOR SHOE BITE :

  • Tight or poorly fitting shoes and heels, especially pumps
  • Ill quality shoes and sandals
  • Footwear made of rough or hard material

The skin rubs against the tight shoes and the friction between them results in rashes, pain and inflammation. It often even leads to blisters and swelling as well. All the excitement we have for wearing the new shoes fades away on the very first day. Shoe bites hurt more when you stand and awfully most when you walk.

FIVE TIPS TO AVOID SHOE BITES

1. BAND AIDS

If you know beforehand that your shoes are tight and are going to cause you discomfort. Take a band aid or duct tape and stick one to each of the shoes at the place where the contact between shoe and skin is more , apparently hind part in case of most of the shoes and pumps and below the belt or strap in case of sandals and some types of heels. This will help your skin from rubbing against the shoes. There are some special shoe bite saver pads and band aids available in market. You can use for them for better comfort.

2. VASELINE OR BABY OIL

The other way to avoid shoe bite is by making use of vaseline petroleum jelly , baby oil or any softening oil. Rub the jelly or oil to the parts of the shoe that cause shoe bite and leave it over night. You can also use wax instead of oil. The oil or wax softens the rough or hard area that is responsible for the bruise and the next morning you are ready to go!

3. DOUBLE SOCKS

Instead of wearing a single sock, you can layer it with another sock. This creates a thick buffer between the skin and the shoes and there is least chance of getting a shoe bite.

4. FREEZE

You can try to expand the size of the shoe to some extent by the freezing technique. In this , all you have to do is , take two ziplock bags fill them with water, place them one in each of the tight shoes to be expanded and freeze them in the refrigerator. This way you can increase the shoe size a little and avoid the painful shoe bite.

5. BLOW DRY

This is one other easy way to expand shoe size a little. Stuff some socks inside each of your shoes and blow dry them. The heat that gets trapped inside the socks gets transferred to the shoes which expand a little by size therefore casuing no shoe bite and rashes.

TIPS TO TREAT SHOE BITES

1. AVOID THE JEOPARDY 

After having a shoe bite , we usually suffer with two problems : one is the pain caused by the shoe bite and the other is the pain that we probably can’t wear the new shoes for a while. No matter what , stick hard to the second. Do not wear the shoes that caused the shoe bite atleast until the bruise is completely cured. If you break this in the heat of the moment, get ready for more pain and blisters. And you know what? You can apply this logic to everything in life. If something or someone hurts you, stay away from that until you heal.

2. COCONUT OIL

Coconut oil is one of the best remedies for shoe bite. It has moisturizing and anti inflammatory properties that help heal any wound quickly. Rub coconut oil on the affected area twice or thrice a day until the wound completely heals. You can also rub some amount of it to the area of the shoe that hurts. You can also use vaseline jelly,almond oil or olive oil which almost do the same job.

3. TURMERIC

Turmeric has numerous good properties that make it the first aid element. Its antibiotic, anti inflammatory and healing properties help heal the bruise and reduces pain. You can add neem leaves for better results. Grind the both into paste and apply it on the affected area every night and wash it off with cold water in the morning. Repeat the process until the wound disappears.

4. ALOE VERA

Aloe vera has soothing and pain releiving properties that are too helpful to treat a shoe bite. Rub some freshly extracted aloe vera gel on the effected area gently and allow it dry. Wash it off later. The anti microbial properties help prevent infection and the anti inflammatory properties reduce the burning sensation caused by the shoe bite.

5. ICE

Ice is a great remedy to reduce pain, swelling and inflammation. Take some pieces of ice in a piece of cloth and press it against the bruised area gently. This will help heal quickly and soothe the pain. Do this regularly until the wound heals!

About GTG India

GTG India

GTG India
Logo