To contact us Click HERE Briarcliff Baptist Church (Food Pantry) 3039 Briarcliff Rd., NE Atlanta, GA 30329 (404) 633-6103
Briarcliff Baptist Church Offers a food pantry for people who are in need.
Currently, the food pantry hours are 9 - 3 on Tuesdays and Wednesdays. Because things can change rapidly, I would strongly suggest that you contact them ahead of time at the number listed above to confirm the days and times.
The church has been around since 1958 and they have tirelessly served as an Atlanta food pantry for years. Please click the link if you are interested in fellowship services at the Briarcliff Baptist Church.
Food Pantry Hours Hours: Monday through Thursday 9:00 until Noon Seniors only: 3rd Friday, 9:00 until Noon Working clients only: 1st Saturday, 10:00 until Noon
The Santa Clarita Valley Food Pantry has a motto that states "No child in the Santa Clarita Valley Should Go to Bed Hungry."
That is a good motto to have and I wish that no child period should go to bed hungry anywhere. But, we all know that isn't the reality, but at least the Santa Clarita Valley Food Pantry program is doing what it can to help people in their area find access to food assistance.
In order to get help at the food pantry you must follow certain guidelines, they are as follows:
You Need to Reside in Santa Clarita Valley
You Cannot Earn More than 150% of the Poverty Level As published by the Emergency Food Assistance Program (Take your paycheck stubs in to show them what you make & let them tell you whether or not you qualify for food assistance.)
You Need to Have Children under 18 In Your Household
You Need to be Actively Seeking Employment, unless you are Disabled (I believe you can document this by bringing in job search info or disability documentation)
Santa Clarita Valley Food Pantry24133 Railroad AvenueNewhall, CA 91321Phone (661) 255-9078 Please contact the Santa Clarita Valley Food Pantry in order to get up to date information on how and when to com in and apply for food assistance. Good Luck to You!
In this short video, I will walk you through the process for how to apply for food stamps in Arkansas (Arkansas SNAP Benefits).
If you need to apply for the program, you will need to make a trip to the Arkansas Department of Human Services.
Unfortunately, in the state of Arkansas you cannot (at this current time) yet apply for food stamps online, so you will have to print out an application form and take it to your local county DHS office.
If you watch the video, you will see that I have tried to make the process as painless as possible.
Good Luck to you and your family, and if you have any questions or suggestions, please do not hesitate to leave me a comment.
In the state of California, Food Stamps benefits are known as CalFresh. If you need to apply for CalFresh you should know that each county has its own method for application.
Some counties will allow you to apply for CalFresh over the Internet, and other counties still require you to print out an application and take it to your local county office. Many California counties will allow you to apply for food stamps (CalFresh) via the C4Yourself Internet portal.
In each situation, the application process starts at BenefitsCal.org. Once you enter the system and choose your county, you will be shown the correct process for how to apply for CalFresh in your area.
I have put together a video to show you the correct steps. If you have any other questions or concerns, please do not hesitate to leave me a comment.
To contact us Click HERE
The process for families looking for low income housing is similar to people looking for any other housing. The only difference being that in order to get housing for low income families, you have to meet certain requirements. The requirements are set by HUD and they will ask that your income be below a certain amount. Usually you have to be at 135% or below that of poverty. If you qualify for the program, HUD will pay the landlord part of the rent directly and you pay the other portion. This comes out to you paying less rent for housing than you otherwise would have been charged under normal circumstances.
The first step to applying for low income housing is to get consideration at a HUD office. Go to a housing agency and pick up an application. You must provide your income tax information to prove that your income is below the amount required for living in the housing. Once HUD has approved you, then you may begin your search for housing.
When you are looking for government low income housing, you want to make sure the place where you live is somewhere you would like. After all, you could be living at that housing for up to a year. So it's very important to find a place you like. The first step in looking for housing is to determine the area in which you will rent. Some areas where housing reside in are not good areas and has alot of crime. You can check the crime statistics of an area by going to the county's police website. Nothing beats driving around the area of the housing complex to find out whether it's good or bad though.
If you see some housing for rent signs, call up the owner and ask if they accept section 8 housing applicants. Most landlords should accept section 8 because the government will pay them directly and on time. This would save landlords alot of trouble in collecting rent from the renters. If the landlord does not provide for section 8, then just move on to the next house.
After you've found the low income housing that fits for you, check out the inside of the house. Landlords are required to keep their units up to HUD standards. If they do not, then HUD will not pay them until everything is up to code. You can get a list of requirements that landlords must follow from HUD. Inspect the housing unit and see if it's in violation. If not then and everything about the house seems fine, you can go ahead and rent it.
To contact us Click HERE
3:"Make Money in Commercial" Real Estate Seminar Series Video Clips. Duration : 2.12 Mins.
www.MakeMoneyInCommercial.com Listen in asJason Gilbert, President of the rapidly growing Commercial Training Institute, based in San Diego, CA, talks about his 2 recently released strategies for investing in Commercial real estate. His 2 strategies Joint Venture Facilitation (JVF) and Master Lease Option (MLO) have latterly shattered the conventional barriers that have prevent the everyday person from creating huge paydays that Commercial real estate offers. With the release of the these No Money, No Credit and No Experience required strategies, Jason Gilbert has opened the doors to this multi-trillion dollar industry to ANYONE! www.MakeMoneyInCommercial.com No longer does an aspiring real estate investor have to start in residential. No more, rehabbing, wholesaling, flipping, renting, or hard work on small deals that only make you tens of thousands. Now you can play in the big leagues and make the big money. Jason Gilbert also partners with his students so for those that simply want to send in deals, they have that option and can just take a piece of the deal for sending in the deal. The Commercial Training Institute has expanded impressively fast since the release of these 2 strategies and now has students all over the world including the UK, Russia, Holland, New Zealand, Australia, Ireland, & Canada. This is real, this is doable and you need to start today! For a free training video on Jasons strategies, go here: www.MakeMoneyInCommercial.com Tags: jason, gilbert, real, estate, investing, investment, commercial, finance, debt, equity, seminars, education, money, tenants, flipping, wholesale, wholesaling, training, residential, millions, million, property, investor, lease, brokers, deals, land, mobile, home, self, storage, house, buildings, income, learn, teach, how, to, invest, development, wealth, secrets, study, boot, camp, cash, flow, apartments, foreclosure, millionaire, bubble, foreclosures, mlm, success, business, course, information, investors, san, diego
Like most real estate the seller usually wants too much and the purchaser wants to pay too little for a movable home park. Sure buyers may have different motivations for buying a Sure park (1031 money, ability to procure better financing, conversions to other uses, and location to where they live). In this book we will only look only at the value of a movable home park for the typical buyer who will continue to control it as a movable home park.
Anyone that has seen an evaluation on a house or most types of real estate will have heard mention of the 3 approaches to determining the value of that real estate. They are the Cost, Sales, and Income Approach.
Based On Income Apartments
Unless you are arrival up with the value of a brand new movable home park or one that is predominately vacant, I do not see any conjecture to use the cost approach. It is not likely that a new movable home park will be built around and what it would cost to build a new park does not even take into catalogue the amount of time, effort, and money it takes to fill that park up with occupied and paying residents.
How to Value a mobile Home Park
As far as the Sales or store Comparison coming to value, this is also very suspect. This is based on comparing the sale of the subject property with other up-to-date sales and adjusting for differences that you may or may not know about. Problems with this coming consist of varying expenses, rents, and management. Either you are an investor or appraiser I would just use this coming as inherent facts and not draw any conclusions from it. Here is a quick example of the improper use of this coming from my experience:
Examples
Property A: 50 lots, 100% occupied, Lot Rent of 9.00. Lots will hold a maximum home size of a 14' x 60' - Water and Sewer is submetered back to residents - Noi of about ,000.
Property B (10 miles from property A): 53 lots, 10 vacancies, Lot Rent of 0.00. Lots will hold 16' x 80's and doublewides. Park pays water and sewer - Noi of ,000.
Property B is sold in December of 2004 for 5,000.
The owner of property A(one of my Llc's) goes to the bank to refinance the property in January of 2005. The appraiser appraises it at 0,000 and places the most emphasis on the Sales Comparison coming as property B just sold and it was a classic property in terms of size, appearance, and location. In fact in the evaluation report, he claims that we were charging too much and that our numbers were inflated.
After arguing with the bank and appraiser for a merge of weeks, we were refunded our money for the appraisal. In the meantime, we were approached by someone else investor who made us an offer of 5,000 for the park and we thorough and the sale complete by the end of March 2005. I assuredly wanted to send the appraiser a copy of the windup statement with a nice letter but decided against it.
The point is that even though one park may look nice, be in a better location, and have so much more going for it on the surface, does not mean it is worth more per space or even worth as much per space as an inferior looking park.
As a side note, once I found out that property B was sold for 5,000 I was in sense with the new owner and tried to buy the park from him - I offered him ,000 more than he had just paid and he didn't want any part of it. He knew he had just made a vast buy and was already raising the rents and starting to get his lots filled up.
The third coming to value is the Income coming and I find that this is assuredly the best and only way to rate a movable home park correctly. I have come up with a basic method in which I value the park based on what it is currently doing, what it should be doing, and what it will do once I implement some basic changes and run it more efficiently.
Here is my thorough process in estimating the value:
I want to know how many lots there are, how many are occupied and paying, what the lot rent is, what expenses the owner is paying, and who is responsible for the water lines, sewer lines, and roads. (Example in case,granted Below)
A good rule of thumb that I use to start with is that I take the amount of occupied spaces and multiply this by the average monthly space rent and multiply this by 70.
For example if the park has 110 spaces with 10 vacancies, a monthly average space rent of 0. Then my first value calculation is 100 x 0 x 70 = ,400,000.
If the park is on the store for million I will probably pass. If the park is on the store for ,800,000 or less than I will probably look into it further. Remember this simple calculation is very generic and may or may not be the true indication of the value of a movable home park.
In looking at the park in more detail, I will ask for actual operating income as well as actual operating expenses.
The operating charge ratio can vary significantly from one park to someone else in the same city even if located adjacent to one another. One of the largest expenses in a park is the water and sewer expense. If the residents of the park are paying this charge then you can expect the operating charge ratio to be as much as 15% less than the average.
I owned a park in Northeastern Texas a few years ago that had the lowest charge ratio that I have ever dealt with(I regret ever selling it). Although this park had large lots 60' x 120' and up, it was filled with old homes (trailers). We even had some old Rv's and campers renting lots. usually when you encounter a park such as this with old run down homes and trailers they are usually stacked on top of each other with about 20 per acre. This was not the case. Each home was on a large lot and every time I drove straight through the park it seemed that the homes had aged some more years. Anyway, the park had 94 spaces and each space was separately metered for all utilities by the city and utility companies. The streets were owned by the city, the city was responsible for the water and sewer lines up to each home. The city paid for the street lights. We had basically 5 expenses:
Taxes: 00 per year (the assessed value of this park was under ,000!)
Insurance: ,000 per year
Management: 0 per month plus free lot rent - about ,000 per year
Telephone: - the manager used his phone number
Repairs: 00 per year on average (the only mend we had was each time a home moved out and a new home moved in we had to modernize the electric pedestal - about 3 per year)
Office & Travel: 0 per year
In the 3 years I owned the park, the expenses never totaled more than ,000.
The gross collected income over these 3 years averaged just over 5,000. So this park had an charge ratio of under 12%.
This is truly an irregularity to the rule and the manager I had at this park was awesome and we had collections in excess of 97%. It is rare that you are able to find a park with such a low charge ratio but it is possible. The usual case is that you find a park that is listed for sale and the projections or proformas have expenses that are ridiculously low and may not have expenses listed for repairs, capital improvements, management, insurance and so on.
The value a movable home park may be million for one man and .5 million to man else. The key is assuredly choosing what you are willing to pay based on your expectations of what type of return you want on your investment. This return on investment will come in some different forms:
o Monthly/Yearly Cash Flow
o Tax Savings
o Equity Buildup
o Appreciation
o Rent Increases and charge Reductions
In analyzing the financial statements and tax returns, they are often different. The financial statements usually have more income and less expenses and the tax returns usually have less income and more expenses.(however, I have seen in some cases that the tax returns are also overstated in order to show a better net income when it comes time to sell or refinance a park. If by paying taxes on an added 20k in taxes for a merge of years increases the value of the park by 200k then a real sophisticated and dishonest seller may be trying to pull a fast one. So be careful.
The key then is to reconcile the tax return with the behalf and loss statement and then interject reality into the whole process.
Figuring out the actual income is usually not too difficult. You can take the actual amount of spaces in the park and multiply this by the actual rents being expensed and subtract out a uncostly reduction for collections and you should be able to come up with a good evaluation of the income. I usually use 3% as the collections expense.
The next thing to do is to come up with the anticipated expenses based not only on how the park is currently operating but also based on how the park will control with you as the new owner. For example, if the current owner is managing the park, then you need to plug in an amount for management and payroll taxes and workers comp. If the park has vacancies and there is no advertising expense, then you need to plug in an amount for advertising. And so on.
Common expenses for movable Home Parks. Not every park has all of these expenses and some have added expenses but this is a good starting point.
Advertising
Bank service Charges
Depreciation
Insurance: Liability
Insurance: Property
Insurance: Workers Comp
Interest: Mortgage
Legal and Accounting
Licenses and Permits
Maintenance Labor
Management Offsite
Management Onsite
Mowing & Landscaping
Postage
Rent Discounts & Incentives
Repairs: Equipment
Repairs: Property
Reserve for Capital Improvements
Supplies: Maintenance
Supplies: Office
Taxes: Payroll
Taxes: Property
Telephone
Travel
Utilities: Electric
Utilities: Gas
Utilities: Trash
Utilities: Water & Sewer
In most cases when you divulge a sales box for a movable home park for sale it will not mention any withhold for capital expenditures. This assuredly should be addressed in your evaluation of the park and in the due diligence phase. Items like replacing all the water lines or sewer lines for older parks, resurfacing the roads, topping all the trees, are large expenses that can occur in the future and they should be budgeted for. While they are not expensed for income tax purposes they are capitalized and depreciated over 15 years or so, and are therefore real costs. I would consist of at least 2-3% of gross income as a withhold for Capital Improvements in your numbers when determining the value.
You will find some sellers that charge everything and then find the opposite where owners capitalize as much as inherent to make the lowest line look better. Spend some time going straight through all the expenses and estimating future capital improvements.
After arrival up with the income that the park is currently generating and deducting from that all the anticipated operating expenses including the withhold for capital expenditures you will have what is called the Net Operating Income.
If you take the Net Operating Income and divide this by the price you come up with the Capitalization Rate (Cap Rate). Also, if you divide the Net Operating Income by the Cap Rate you come up with the price and so on.
Now this is where subjectivity comes into play. I remember not too many years ago you could buy 50 -100 unit movable home parks valued in the 12 - 14% cap rate range. It is hard to find these deals anymore. Add into that the fact that the interest rates were so low for the last few years and the 12-14 caps are now 7-10 caps. The question for good ability movable home parks is and has been much greater than the supply. There are even stabilized parks that I have seen purchased for 5 & 6 percent caps. These were not just for redevelopment purposes either.
What is a good cap rate? The sass is assuredly up to the buyer. Some buyers tell me they want at least a 7 cap, some say 10 cap, some say 15 cap(I say good luck to these people).
So in reality, a Sure movable home park will have a different value to each and every person. The idea is to decree what you want or will want in terms of your investment and then work to make the deal fit these requirements.
If you want a 10 cap on a property priced at a 7 cap, it does not necessarily mean you should pass on the deal. For instance, what if the park has rents that are under store and straight through your inspections and due diligence you know you could raise the rent to store rates in 2 months. What if this would make it a 10 Cap? someone else possibility would be to put it under compact and then in your due diligence you tell the seller that you want to move transmit with the buy but in order to do so and to satisfy your lenders requirements, procure an adequate appraisal, and/or make the required return on your investment, you need to have him send a rent increase consideration out right away so the rates are where you want them at closing.
In someone else example, suppose the park has an Noi of ,000 and is priced at 1 million. Also, suppose that the park is currently paying for water and sewer and this charge is running roughly ,000 per year. You know that you could install water meters and pass this charge on to the residents. You want a 10 cap on your purchase. You could very well buy this park and perceive the return you want very speedily in situations such as this. If the rents are under store or there are expenses that can be reduced or other ways to increase the net income with minimal work and cash outlay you might pay extra for a park if it otherwise meets your investment criteria.
As my general rule when dealing with parks that are borderline but have the inherent to increase in value and offer an thorough return on investment by raising rents or reducing expense: I generally will add up to 50% of the value from these quick fixes to my offer on a park. So if I can increase the rates to store and sacrifice expenses and this increases the value of the park by 0,000, then I would consider adding ,000 to my offer price if necessary. After all, we should earn something from our expertise and doing what the owner could have done already.
Other considerations on the value of the park will be the entrances, streets, landscaping, utilities, parking, lights, warehouse sheds, amount of singles versus doubles, swimming pools, clubhouses, etc. The nicer the park typically the lower the cap rate and the easier it will to tap into better financing programs.
Other Value Considerations:
Vacant Lots:
When purchasing a movable home park that has vacant lots which are ready to be occupied, what value, if any should you place on these lots? We just came up with the value we are willing to pay based on the Noi and the cap rate we are looking for. So, unless these homesites will fill up with minimal exertion and investment, I would not place much of a value on them at all. In fact, having empty homesites that are hard to rent out will end up costing you money in terms of monthly maintenance and time. I would by all means; of course point this out to the seller as a negotiating point. Many sellers like to say there is upside on all the vacant spaces. However, if this upside was easy to obtain, then the seller would have most likely realized it before selling.
In some cases, you will be able to fill up the homesites with minimal investment and exertion so you may place a value of 25-50% depending on your comfort level. I would by all means; of course lean toward the 25%.
Park Owned Homes & Notes:
When purchasing a movable home park where there are park owned rentals, rent-to-own homes, and movable home notes it is foremost to break out the income and expenses from this measure of the enterprise from the lot/space rental portion.
Many times the income and expenses from the entire operations are lumped together and the seller or broker says the property is priced at say a 10 cap.
Here is the qoute with this coming of lumping it all together:
Suppose you have 10 movable homes that are renting for 0 above the general lot rent per month and that there is an added charge of 0 per movable home each month. You basically have a net of 0 per month for each home or ,000 per year. If you are capping this income at a 10 cap, you are placing a value of ,000 per movable home. Now there may be some nice doublewides that are being rented in some parks that are worth ,000 but it is not the norm. Most of the time, these homes are older singlewide homes that may have a value from ,000 to ,000. So if you are valuing them at ,000 you are paying too much!
Another situation occurs when you have movable home notes or rent-to-own homes. Lets say you have a note cost of 0 per month in expanding to the lot rent and that the balance left is ,000 on the note. The monthly payments of 0 per month will add up to ,400 per year and if you cap that at 10% then you are paying ,000 for an ,000 note. Not a great investment move!
So what do you pay for these types of added income sources?
Mobile Homes Rented Out: Many habitancy will say that you should pay what the home is worth on the store if sold for cash or for cash with outside financing. My method is that I will pay about 75% of what I feel I can sell the home to the current renter for on a rent-to-own trade with a term of 3-5 years and also increase the lot rent in the process..
Here is an example:
A home is being rented for 5 per month and the lot rent is 0 per month. I will coming the current renter and tell them if they continue paying rent for 3 more years, then I will assign the title over to them and the home will be theirs. In the rent-to-own agreement, I specify that the lot rent is 5 per month(not 0) and after 36 monthly payments of 0 plus lot rent, the home title will be transferred to them.
In this case, I would not only be receiving 36 x 0 or ,200 for the home, but I have also increased the lot rent for that home in the process. When I get ready to raise rents for other residents in the park, I can always say that there are other habitancy already paying the higher rates. So, in this case I would pay somewhere in the ,000 to ,000 range for this home. (,200 x 75% = ,400)
Mobile Home Notes and Rent-to-Own Agreements: When I am purchasing notes and agreements that have already been created by the current seller, I will typically use the lower of the value of:
o 75% of the value of what I can resell the home to a new renter in case of default as calculated above; or
o 65% of the future note or rent-to-own payments.
How to Value a mobile Home ParkFinding Home Tube. Duration : 29.95 Mins.
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Have you ever driven past a large, beautiful apartment complicated and idea "If I owned that, I'd be rich. I'd never have to work again! And then a consolidate of seconds later idea I'll never be able to do that. I don't know how and it takes too much money." Owning an apartment complicated is not as difficult as it may seem. Like any other discipline, thriving investing in multi-family dwellings can be learned and private capital can be raised to obtain these units if you have the permissible education. The purpose of this record is to provide you with the understanding of the basics of multi-family valuation, what capitalization rate is, and how expanding earnings or decreasing expenses can create immense amounts of equity.
The truth is that an investor will overpay for any property if he or she does not know how to found permissible value. In a single family unit, paying an extra ,000 for a property may cause you to take a small loss but you can still recover. If you overpay for a 60 unit apartment complex, you may not be able to achieve a profitable cash flow, and this mistake can end the career of a new investor. Therefore, understanding how to resolve the value of an apartment complex, and how to literally impact that value, will lead to great profits.
Based On Income Apartments
Determining value for apartments is distinct from determining value for single family units (Sfu). Sfu's values are considered by comparables of like sized units with similar amenities within a close proximity. A 3 bed / 2 bath house with a 2 car stable and a swimming pool with a total of 1500 sf in a neighborhood will most likely sell for the same price as the same house within that neighborhood. However, a 30 unit apartment complicated will not sell for the same price as an additional one 30 unit apartment complex. What is the biggest difference? With apartment complexes, you are not buying based on the quadrilateral footage as much as you are buying based on the earnings stream the property is producing.
understanding the Value of Multi-Family Units
In order to understand how to analyze the earnings stream, it is leading to the basics of value determination. The following are the basics for multi-family valuation:
o Income- all earnings generated from the property o Expenses- all expenses other than debt service & capital expenditures o Noi- Net Operating Income (Income minus expenses) o Debt Service- Mortgage o Cads- Cash After Debt service (Noi minus Mortgage)
The most leading item listed above is Noi. The goal of any thriving apartment owner is to impact the Noi buy expanding earnings and/or decreasing expenses. The higher the Noi, the more Cash After Debt service is available.
Also, the Noi impacts the value of a property, as the value is considered by the earnings stream through the Capitalization (cap) rate. The mean cap rate in an area details the ratio of Noi to its price. To best understand the cap rate, it is leading to understand its equation:
Cap rate = Net Operating Income / Price.
For example, if the Noi=0k and the price=,000,000, the cap rate would be (0,000 / ,000,000) =10%.
A simple way to look at the cap rate is as a return on investment. If your cap rate is higher than the mean cap rate in the area, then you may make the assumptions that your return is greater because more risks are complicated in owning the property. Specifically, the property may be older and not in as good condition. Therefore, rents may be lower and since more repairs and maintenance can be expected, expenses will be higher. Therefore, if you have a higher cap rate, there is more risk so it will be less of an venture to buy the earnings stream.
Conversely, if your cap rate is lower than mean in the area, then you may make the assumptions that your return is less because there are fewer risks complicated in owning the property. Specifically, the property may be newer and in good condition. Therefore, rents will be higher and since less repairs and maintenance can be improbable from a newer facility, expenses will be lower. Therefore, if you have a lower cap rate, there is less risk complicated so it will be a greater venture to buy the earnings stream.
Generally speaking, there are four classes of property for apartments (A, B, C, or D) that will help resolve the Cap Rate you use:
o Class A- Built within the past 10 years or so; good potential renters with good jobs; very itsybitsy maintenance / heal issues. General Cap Rate range will be in the middle of 5-7%. o Class B- Built within the past 20 years or so; tenants mix of white and blue collar and has some deferred maint / repairs. General Cap Rate range will be in the middle of 7-9%. o Class C- Built within past 30 years or so; tenants mix of generally blue collar workers & subsidized housing and has maint / repairs. Tenants may be renters for life. General Cap Rate range will be in the middle of 10-12% o Class D- Built 30 years plus, regularly found in 'bad' areas filled with bad tenants. If 'D's are in a 'C' or 'B' area, you may reposition to higher Cap Rate. General Cap Rate range will be 12% or more.
Again, these class valuations are rules of thumbs only. You may have a 40 year old apartment complicated that has been repositioned, or fixed up, and is in Class B condition. But for valuation purposes, the above facts will assist you in permissible value determination.
If the equation for Cap Rate is Net Operating Income divided by Price, then the equation for price, or value, must be Noi /Cap. For example, if the Noi=0k and Cap = 10%, then the value, or price=,000,000.
Therefore, the cap rate has a valuable impact on price. The lower the cap rate, the higher the price as visible below:
Ex: If the cap rate is 12%, then 0,000 /.12= 3,333 value. This equation means that if you want to buy the earnings stream of 0,000 in this older building, the cost of acquisition would be 3,333. If the cap rate is 6%, then 0,000 /.06= ,666,667 value, which means you would need to pay significantly more to obtain the same earnings stream.
Obviously, when determining value, the two items you are required to accurately hypothesize is the cap rate and the Noi. The following are 8 helpful steps to assist you in properly determining the value of an apartment complex:
1) Log onto your county's property appraiser or assessor's web site to obtain the tax assessed value of the property under consideration 2) quest your county's property tax rolls for up-to-date sales of 3-5 properties that are comparable in size, amenities, and features and placed within 2 miles of the property under consideration 3) Analyze any comparable properties that you find, and make sale price adjustments for differences in amenities, extra features, and the property's physical condition. 4) Verify the income and expenses that are listed on the income and cost statement of the property under consideration to ensure that the Noi is accurate 5) Analyze the property's income and expenses for the past 12 months to evaluation it's Noi Potential 6) hypothesize the property's Cap rate by dividing it possible operating income by the estimated value that you derived from analyzing up-to-date sales of comparable properties in Step 3. 7) evaluation the property's value by multiplying its Noi by the Cap rate you came up with for the property 8) hypothesize the cost of replacing the improvements on the property using the same construction materials and formula of construction
Now that we understand how to properly resolve the value of an apartment complex, what can we do to growth the value? Remember, the equation for value, or price, is Noi /Cap. Therefore, if we growth the Noi, we will growth the value of the property. The Noi is impacted by increases in earnings and decreases in expenses, so if we are able to impact whether of those equations, we will growth value.
The following is an example of an apartment complex:
Asking Price - ,000,000
Area Cap -8%
Unit: 34
Apartment information:
o Income- 0,000 o Expenses - ,000 o Noi- ,000 o Value= (Noi / Cap) ,000/.08=,175,000 o Debt service - ,000 o Cash After Debt service = ,000
Based on the 00 per month cash flow and the 5,000 of equity in the apartment, this property would qualify for an offer. The next step is to achieve due diligence in order to resolve if I can growth the earnings or decrease the expenses for this property.
Upon performing due diligence on this property, I found that the occupancy rate was 100%. This high rate means that the rents are too low. By raising rents only per month, I would growth revenues by (*34=) 0 per month, or just over ,000 per year. How would ,000 of increased earnings improve the value of my property?
Ex: ,000 / .08 = 5,000 (k was the growth in my Noi / Cap rate). So by expanding rents only per unit per month, I am able to add 5,000 of value to my property!
Upon performing additional due diligence on this property, I found that the owner was paying about 00 per year for cable and about ,500 per year in water. Both of these costs could be transferred to the tenants, which would cause an growth in their costs of about per month (not too unreasonable). How would passing ,000 of expenses along to my tenants improve the value of my property?
Ex: ,000 / .08 = 2,500 (,000 was the growth in my Noi / Cap rate). Suppose I could add of cost to my tenants immediately and not lose more than 2 or 3 tenants. The following would be my new financials:
o Income- 0,000 o Expenses - ,000 o Noi- 1,000 o Debt Service- ,000 o Cads- ,000 (More than k per month!) o Value= 1,000/.08=,512,500 o buy price = ,000,000 o Equity = 2,500
If you sold the property for what it was worth, you would make a pre-tax behalf of 2,500. If you decided to refinance the property to pull cash out, you could do so and keep the money without paying taxes.
But what if you decided to reinvest in an additional one apartment complex? With a 1031 transfer (see your accountant to find out all the rules), you could reinvest that 2,500 into an apartment complicated worth ,125,000. What kind of cash flow could you bring in on a million dollar apartment complex?
In summary, this record provided you with the basics of understanding how to resolve the value of apartment complexes, which is Noi / Price. This record also explained how to resolve value. Finally, it used an example of how adding income or reducing expenses to an apartment complicated could drastically growth the full, value of an apartment complex. By additional educating yourself on this strategy, you can drastically growth the monthly amount of passive income that you receive in expanding to expanding your net worth. With this information, what type of inheritance could you create for your family?
understanding the Value of Multi-Family UnitsDan Sullivan & Jason Hartman on The Creating Wealth Show 2 of 7 Video Clips. Duration : 9.97 Mins.
Survive and thrive in todays economy. With nearly 200 shows, business and investment guru, Jason Hartman interviews top-tier guests, bestselling authors and financial experts including; Robert Kiyosaki (Rich Dad, Poor Dad), Harry Dent (The Great Depression Ahead), Peter Schiff (Crash Proof), Ellen Brown (Web of Debt), Lawrence Yun (National Association of Realtors NAR), Thomas Woods (Meltdown), Gerald Celente (Trends Journal), Mike Mish Shedlock, G. Edward Griffin (The Creature from Jekyll Island), Chris Mayer (Capital & Crisis), Chris Martenson (The Crash Course), John Assaraf (The Secret), Robert Prechter (Elliott Wave), Pat Buchanan (Presidential Candidate), Eric Tyson (Investing for Dummies), Addison Wiggin & Bill Bonner (Agora The Daily Reckoning), Catherine Austin Fitts (Solari), Thomas Sowell (The Hoover Institution), Marc Chandler (Making Sense of the Dollar), John G. Miller (The Question Behind the Questions (QBQ!), Dan Sullivan (Strategic Coach), Steve Milloy (Green Hell), Gillian Tett (Fools Gold & The Financial Times), Howard Ruff (Prosper In The Coming Bad Years), Larry Parks (Gold Wars & FAME), James West (Crime of the Century), Les Leopold (The Looting of America) and many others. Profit from commentary on political news from Ron Paul, Jim Rogers, Warren Buffett, Bloomberg, CNBC, FOX, KABC and KFI. Learn fresh new ways to create and protect wealth while building passive income with real estate, home-based business, internet marketing, SEO, PPC, iPhone apps ... Tags: Dan, Sullivan, Strategic, Coach., Considering, entrepreneur, coaching, executive, business, programs?, Stra
Cnn published an description comparing the stock shop to real estate. It was de facto part of series of articles.
The Cnn description suggested that from 1978 to 2004, the yearly average return of of the S&P 500 was 13.4%.
Based On Income Apartments
During that same period, they suggested a "solid but unimpressive annualized return of 8.6%" for residential real estate based upon sort of a national average for appreciation in home values while that period.
Is the Stock shop legitimately a good investment Than Real Estate?
The description therefore accomplished that in the long run, the stock shop de facto "crushes" real estate.
Let's take a rigorous look at the real world exterior of what Wall street thinks consumers of it's investment products (i.e., there is one born every minute) should believe.
The description also points to a study by Robert Shiller that suggests the "real" return of real estate is de facto somewhere close to 3%, barely great than the rate of inflation.
The problem? The article's conclusions are totally bogus for the following reasons:
1) These two types of investments are so separate that drawing a direct comparison is absurd. In a typical stock shop investment, you buy x amount of shares at $y. You hold them for z days, in which the price per share goes up or down. At some point, you rule to sell.
One huge incompatibility is that most buy and hold asset investors leverage their money when they buy. They ordinarily don't pay cash and never put financing on the property. At this point, the two investments are roughly beyond comparison.
The other big incompatibility is that real estate creates income whereas stocks don't (unless they pay a dividend). The two investments diverge even further.
An individual who owns multiple investment properties has business.
Isn't it a whole lot easier to draw a comparison in the middle of a buy and hold real estate firm and, for example, a service business.
Perhaps the biggest incompatibility is that real estate has an intrinsic value apart from the business. On the other hand, service businesses have much of their value in the intangible asset of its book of business.
In my opinion, a stock shop investment is more comparable to, art, costly metals, gems, or collectibles purchased with the expectation that they will growth in value.
2) The S&P/Case-Shiller U.S. Home Price index on which the "unimpressive" rate of return for real estate was calculated (8.6%) is based upon home prices. What about the cash flow and tax benefits from investment properties? You don't get these from stocks. They are wholly overlooked by this gross oversimplification. Because residential real estate creates passive income where stock do not, the determination presented in this description is not valid.
Is the Stock shop legitimately a good investment Than Real Estate?Session 7 - Real Estate Appraisal Principles and Procedures Video Clips. Duration : 42.05 Mins.
The Real Estate Marketplace - Lecture for Session 7 (Chapter 5) Tags: RLEST094C
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Bill McDonough at Zeitgeist '07 Tube. Duration : 20.22 Mins.
Session Title: The Green Collar Worker We're beginning to realize that all of us aren't just connected by the Internet; we're connected through the things we produce. McDonough, co-author of the seminal "Cradle to Cradle," has for years been a passionate advocate of green supply chains and living buildings. In this session, McDonough will discuss examples where companies have completely rethought their entire process of designing and delivering products to ensure they better mimic the natural world around them. Keywords: Google, Zeitgeist
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My sister never went to college and has been working at a local store ever since she graduated from high school. Her pay has not gone up much over the years. It has basically been at the same minimum wage level. When it was just herself, she could get by with her minimal income. But eventually she had a kid and her income could not support the both of them. She needed to get government help. I told her to apply for low income homes for rent. These types of homes are for people that are living at or below poverty and need rent assistance from the government. If accepted to the program, my sister would only have to pay part of the rent.
To determine whether or not she was eligible to get accepted for homes for low income families, she had to go to HUD's website and check their requirements. Alternatively, you can contact HUD and ask them directly, which would be faster and you can get direct answers. Once she determined her eligibility, she took a trip to the housing agency and filled out the application to get a voucher. After a few weeks she was approved and she started looking for rental houses. With the voucher, you can use it for homes, townhouses, condos, or just about any other type of rental unit where the landlord accepts the voucher.
There are many ways you can search for housing. First, start your search for homes online. That way you can don't have to drive all over the place and waste your time and money. Narrow your search first and then drive to see the homes you have interest in. Go to HUD's website and search for homes for rent. They should list several in the city that you are searching.
Another place to search online for houses for rent is Craigslist. This is a very useful search site since many people post their homes for rent there. All you need to do is put in the search for low income houses for rent, the area you want to live in, and the amount of rent you wish to pay. Craigslist will give you results based on your criteria.
You can also find homes for rent by asking around your fellow coworkers or friends. Some companies have a bulletin board where people post their homes for rent, so you can approach the homeowners and ask if they will accept you. Let the homeowner understand the benefits of allowing section 8 people to live there.
Finally, you can find homes in the free rental magazine that some supermarkets usually carry. You should be able to find these magazines right outside the entrance. These magazines are good in that they list a variety of homes for rent in a city including pictures. Contact the owners and find out if they willing to take section 8.
My sister was finally able to find a nice house that she really liked. The landlord was nice and the neighborhood was very good. Her kid is lucky to be able to grow up there.
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The government subsidized housing program has greatly helped many families over the years. It is especially helpful during times of economic recession when many people are jobless or working much lower paying jobs than before. The the housing program is run by HUD. HUD subsidizes housing so people that otherwise can not afford housing have a chance to live in a decent house.
Before you go out looking for housing, you should be aware that HUD does not just let anyone move into subsidized housing. In order to qualify, your income must be within their limits. You can find out this information by going to HUDs website. After you get this information, go to the housing agency and apply. HUD will ask for your income information for proof so you'll need to bring along supporting documents.
Once the approval process is done, you can start looking for subsidized government housing. You may want to talk to a realtor who also manages properties. They may have lots of properties or know properties where you would be a good fit. Just tell them your situation and they should be able to help you.
Another way to look for housing is through word of mouth. Ask some of your friends who've lived in subsidized housing for a place that they can recommend. If they've lived in these homes then they can tell you from their experience with certain landlords. It is very important that you get a good landlord. You want someone that will come immediately when you have some home problems that need to be fixed.
Finally, you can search for housing online. Some websites like craigslist are very helpful for finding housing. It is free for you to use and many people use that site. All you need to do is search for housing in an area you'd like to live in. You can also include other criteria like number of bedrooms and bathrooms etc. When you are looking for housing online, you have to be careful about scams. Some unscrupulous people will list homes that they do not even own and ask you to wire a deposit to them. Once they get the money, they'll disappear. Be sure you go look at the subsidized housing and check up the property records before you fork over any money.
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With the jobless rate rising due to the lackluster economy, more people are finding themselves having to cut back on expenses including their rent. Thankfully there are social programs sponsored by HUD which it's mission is to help those unfortunate people find and live in HUD housing. My friend was an unfortunate victim of the financial collapse. He was forced to work low paying jobs for many months. He tried to find the high paying job he used to have but no one was hiring. He had to give us his extravagant lifestyle and he really buckled down in his spending. I told him that he could save even more money by moving to HUD housing. Although he was reluctant to do that, he finally caved in. He didn't have any money left to pay the rent at his current place so he has no other choice. He was able to find a decent place to live after awhile so I am glad that the HUD program worked for him.
East of San Francisco Bay, past the beauty of the Oakland hills, is the upscale and exclusive town of Alamo. And Alamo has just about everything one could want in the way of lifestyle. Being centrally-located in the Golden State, the Bay Area provides Alamo with all of the big attractions like the Pacific Ocean (about an hour), the intriguing cultural theaters of the big city, wine tasting in the gorgeous Napa Valley, the World Champion San Francisco Giants, as well as skiing and entertainment fun at Lake Tahoe.
Sometimes, many of the added-value small amenities that exist in the Bay Area present themselves after one has lived in a neighborhood for some period of time, in other words, you end up "discovering them". But, "if these perks can be known ahead of time, small attractions usually become significant in any home-buying decision as they may greatly improve quality of life", says two Realtors over coffee. "The Iron Horse Trail is one of those not-so-small treasures one loves while living in the town of Alamo", he adds.
"Well, get up and drink some water and let's go!" I say to our white German Shepherd "Mika" (pronounced "Mee-ka"). Into the bathroom she pads to her dish, I hear "slurp, slurp, slurp", and she is back waiting eagerly by the door after taking a series of gigantic happy-bounces. Her big brown eyes and dolphin-like smile let me know that at least with her, "my stock is up today!" As the door opens, she is out of the house and into the bright sunshine, fresh air and trees, acting like a two year old puppy. Come on, she pleads; there are dogs to visit and people to see! Mika strongly believes that a walk is the absolute best thing that can happen in any given day. This is living, this is luxury!
And, everyone does love a great place to enjoy a leisurely walk, reacquaint with nature while pondering life's bigger challenges. They say there is no exercise like walking to line-up all the muscles and bones in your body while making peace with your mind. Dogs know this, too. Also, for those of you with young bones who love to jog, I know just the place in Alamo. So, go ahead, like me, you can take your puppy for a walk, exercise your horse, ride your mountain bike, roll along on inline skates, enjoy the sunshine, breathe some fresh air, and get that positive attitude going for the day on the Iron Horse Trail.
With her head moving from side to side, those big German Shepherd ears are up and ready for anything, Mika is happy to be going onto "her trail". "Don't pull my arm like that!" I command. Mika is hearing none of it, she is "on a walk" and nothing else matters. Like sports car enthusiasts who live for an on-ramp, shepherd dogs live for a walk.
According to Alamo Real Estate professionals, a great benefit of living in the San Ramon Valley in the East San Francisco Bay Area is being able to enjoy use of the Iron Horse Trail. The trail, appropriately-named after early Indians dubbed a steam locomotive an "Iron Horse", stretches south from Concord through Walnut Creek, Alamo, Danville, San Ramon all the way to Dublin and Pleasanton. It passes through Contra Costa and Alameda Counties. This great trail is relatively flat, paved, and well-maintained. The roughly 33-mile trail was built after the Iron Horses of the Southern Pacific Railroad became silent and abandoned the land in 1977. Serving as an important recreational and even commute choice for the communities it passes through, it poses the thought: "Why not take my bike to shopping, to the store, or even skate to work?" I, for one, cannot offer an excuse as to why not as the trail is open most all of the day from 0500 am until 10:00 pm.
Arriving at the turn-around point on our walk, Mika has slowed down a little and is now acting her 88 people-years of age. Somewhere along the way, she greets her friend Sarah, a black and brown Shepherd, as well as every other dog she sees while "getting her dog news". She also knows it is time for us to stop in and relax while getting some chow at one of the nearby restaurants. People have to "get the news" too. Remarkably, restaurants are friendly here to the dog population, and Mika, for one, really appreciates it.
A great benefit of this fabulous trail is that one may find food (I like Alamo Plaza and Danville for several breakfast and lunch haunts) in many places if the need strikes you, or if you just want to sit, share a cup of coffee, and chat with fortunate local residents. Restaurants in Alamo include MaggieRay's stellar barbeque for yummy ribs, pulled pork and tasty salads. Cherubini Coffee shop, Starbucks, and Peet's Coffee offer great sit around and chat places too. In nearby Danville, the best breakfast is to be had from historic Vally Medlyn's restaurant.
The Iron Horse connects almost seamlessly to four other great Trails: the Ygnacio Canal Trail, the Contra Costa Canal Trail, the Las Trampas to Mt. Diablo Regional Trail, and the Briones to Mt. Diablo Trail. Close by, in several of the communities the Iron Horse passes through, are entrances to the huge Las Trampas Regional Park as well as close-by access to the beautiful Mt. Diablo State Park. However, one should reserve the Las Trampas and Mt. Diablo trails for more serious hikes whereas the Iron Horse is for everybody.
The Iron Horse Trail transits many residential neighborhoods, along canals and a golf course, and is near Hap Magee Park in Danville. Hap Magee Park is now famous as a great dog park, and is especially popular with Mika's new friend "Nicki".
Ok, now brunch is over and it time to head home to her relaxing bed. Mika is happy overall in having the best walk she has ever had. Like me and to her, every walk along the Iron Horse is the best walk we have ever had.
What a wonderful home Alamo is to live in, and a great place to buy real estate. Perhaps the wonderful perk of the Iron Horse Trail will be yours to enjoy too.
Michael S. Hatfield invites Home property Buyers and Sellers to search listings of homes for sale on his website http://www.alamoluxuryhomes.com. To better assist Clients, this site is enabled in several languages. The site includes tips on how to prepare your home for sale, provides the latest Real Estate News, gives info on where to dine locally or get a Contractor, find a bouquet of flowers as well as a virtual multitude of really useful stuff. Alamoluxuryhomes.com allows the client to setup a Listing Manager Account so that a client can store properties they are interested in, as well as save property searches for retrieval and study later. Log in to http://alamoluxuryhomes.com and get the help you need so get the absolute best Real Estate deal.
To contact us Click HERE Mexico real estate has many excellent locations for Americans and Canadians to consider; two that stand out as exceptional choices are Cancun real estate and Puerto Vallarta real estate. The following is a comparison of some similarities and differences. Similarities Beachfront - Both Cancun and Puerto Vallarta are located on some of Mexico's finest beaches. In both places, beachfront properties are readily available and life on the beach can be enjoyed directly at your "front door." Both locations also offer nice properties back from the beach with close driving access to enjoy a walk in the warm sand, or a cold drink on a sunny day. Luxury Properties - The properties available in both locations are very nice, with spacious design, nice views, high-quality finishing details, onsite amenities (in the case of condo complexes) and full modern connections for everything from basic electricity to high-speed internet. A beachfront lifestyle can be enjoyed in comfort. Pricing - Just as important is that these luxury properties can be found in both Cancun and Puerto Vallarta for prices accessible to the average American budget. Financial tools such as mortgages help to make this even more accessible. The cost of day-to-day life is also considerably lower, making life's little luxuries much easier to afford. Modern Services - Both locations have grown to be Mexico's top tourist destinations. Along with this large-scale tourism have come many modern services including activities like boat tours, sight-seeing tours, movie theaters and professional golf, as well as day-to-day necessities like Walmart, Home Depot, modern malls and top of the line clinics and hospitals. Differences Pacific vs. Caribbean - Puerto Vallarta is located on the Pacific Ocean, offering beautiful views of splendid sunsets where it looks like the sky is on fire. The Pacific Ocean also offers some unique oceanfront activities like surfing. Cancun, on the other hand, faces east on the Caribbean. Views - Puerto Vallarta not only offers views of the Ocean, but also of the beaches stretching out along the bay and the surrounding mountains. Cancun offers views of it's very wide, white beaches, and the uniquely turquoise Caribbean beyond - beaches that many consider to be most beautiful in the world. History - Puerto Vallarta has its Old Town, and is not too far away from the birth place of Mexico's famous liquor, the Tequila Valley. Cancun's is close to many Mayan ruins, and about 1.5 hours from the awe-inspiring Chichen Itza pyramids, now one of the new wonders of the world. The choice between these two locations can be a tough one, and is largely dependent on personal taste. In either case, a buyer will be enjoying a beachfront lifestyle at its best, at a price they can afford! TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
The list is getting longer with patients coming forward speaking about the company’s collection efforts, one on a morphine drip was approached to pay and another was told to pay up $1500.00 or they would not get the surgery needed to remove a tumor on their lung. In case you missed it the link below has more information about the lawsuit and again all this was uncovered due to a stolen lap top where confidential information about patients was being shared with companies on Wall Street looking to invest. BD
Accretive Medical Collections and Analytics Cited by Minnesota by Attorney General For Collecting from Patients At Bedside and Worse–Employees on Pay for Performance Too? Killer Algorithms Chapter 28
The amended complaint includes more than two dozen additional patients who feared they would not get proper medical treatment if they did not pay their bill on the spot.
Terry Mackel, one of these patients, spoke about a $363 hospital bill he owed.
Mackel arrived at Fairview Hospital in Burnsville with a kidney stone and was put on a morphine drip when an Accretive Health Bill collector stepped into his room.
In a similar situation,
Amy Morris went to Southdale Hospital after being diagnosed with lung cancer.
Before surgery to try and remove the tumor, Morris was told she needed to pay the estimated $1,500 bill.
"They came out and said you have to pay this or you won't get the surgery," Morris said.
Both Mackel and Morris joined a lawsuit filed by the Attorney General's office six months ago, along with dozens of others.
I learned by reading this article what a “Death Spiral” is and didn’t realize that it was an “industry term”. I think there could be some other insurers that could be included in this practice maybe from what I read in the news with older policies being cancelled and new ones written. Some may accomplish this via marketing efforts and the old policy rates go out of reach as far as being able to afford so consumers are kind of forced to make a decision at that point. Those with pre-existing conditions sometimes can’t switch to a policy that is comparable or better and thus are trapped to take what they can afford and have to abandon their original policies as they can’t afford the premiums any longer.
Some consumers end up being uninsured the article states. The lawsuit was filed by the the Consumer Watchdog group in San Francisco. The lawsuit represents policies under both HMO and PPO types of plans. Last year a similar suit with Blue Cross was settled. BD
The lawsuit seeks to stop Blue Shield from shoving its policyholders into what is known as a "Death Spiral"–the industry term for what happens when a health insurer "closes" certain insurance policies to new customers, and later raises rates to those remaining in the closed policy until those enrollees can no longer afford coverage. Since consumers with preexisting conditions cannot switch to a comparable or better policy, consumers trapped in the closed policies must either accept greatly inferior coverage or face bigger and bigger premium increases.
"Blue Shield closed my family's policy and then threatened us with a 23% premium increase. We had no choice but to switch to the only bare bones policy Blue Shield offered us. When Blue Shield canceled the original rate increase, the company refused to let us transfer back into our old, higher benefit policy. Then, Blue Shield raised the rate of our bare bones policy by 14.8%!" said Robert Martin of Gilroy, California, one of the Blue Shield customers representing other consumers in the class-action lawsuit. "It's just plain unfair. Blue Shield is pushing families like mine with pre-existing health conditions out of their health plans – either into higher deductible coverage or into the ranks of the uninsured."
The chief Operating Officer from Cellular Dynamics take a few minutes to describe the value of iPS cells and how they are created. iPS cells have huge value as they are the ones that can be converted to other stem cell types, in other words you can take skin stem cells and turn them in heart cells for an example with reprogramming the production process. iPS cells were probably one of the biggest advances we have had with stem cell creation and what it enables science to accomplish. Disease treatments, growing human body parts for example are all wrapped into this area of R and D.
iPS gives you the opportunity to access every stem cell type in the human body. The whole mission here is provide cells for research and create biological models. Cellular Dynamics makes thousands and thousands of stem cells day after day, and the video is worth listening to as the COO takes you through the processes and describes the many variations that they deal with. BD
iPS Cell Cultures–What’s this all about?
Emile Nuwaysir is Chief Operating Officer and Vice President of Cellular Dynamics International, the world's largest producer of human cells derived from induced pluripotent stem (iPS) cells. He is responsible for research and development, manufacturing, and quality systems and leads a team of 80 people. In this short video, Dr Nuwaysir discusses the current challenges in iPS cell research, why reproducibility is so critical when working with iPS cells and how variability in cell culture media is impacting iPS cell culture performance.
The full press release can be read here. PKC founder Dr. Lawrence Weed is known as the founder of the SOAP note and any in medical practices knows what that is as it continued on from the original structure with paper charts right into electronic medical records and basically is the ground work to cover all the important items in a visit with a patient. The PKC data base was created to give support for “meaningful use” as well. What is interesting here is the access that patients will have to the data base of information and will be able to use it and forward to a physician and this way to put it in simple terms the doctor has the basis of the information he needs with contributions from the patient, and in the process the patient gets smarter too, so it sounds like this is a win-win. When Sharecare first came out, I had some reservations as we all do until we see it in actual operation and how it is formatted for use on the web. The big key here is to get “credible” information as the web is a jungle today.
New Website Sharecare.com–Some Health Advice Will Be From Advertisers So the Line Between Professional Information and Marketing Could Get Just A Bit More Grey and Confusing
I looked around the site a little bit today and you can join networks and become friends, a little like Facebook in format and each physician or other professional contributor has a profile of how many questions they have answered and where they are so in essence it looks like it drives some potential business to them if they might happen to be in the area of an inquiring consumer.
You can also explore the PKC website to see what services they offer and for the layman in looking it might be a little confusing as there’s a lot on there about the three specific services they offer but the Profiler option is the one created to work with electronic medical record systems and the Clinical Knowledge Management is the data base of journal publications and more. One thing to note here from the data side, look at how long it took to compile all of this, a long time.
So consumers get ready to learn about SOAP notes and how they come together to ensure that all subjectives of an office visit are addressed and you get to contribute, which this is what it’s all about with communication and having factual information to discuss. You won’t be required to know all the details but the process will walk you through to get the information that will be best utilized by all. Back about a year and a half ago I participated on a group interview over the phone with Dr. Oz when he announced his 11 weeks program. You can read more a the link and I got a kick out of the use of “11” and the interest in numerology here birthday wise he’s an “11” and I’m an “11” too so it’s interesting on some of the topics he discusses and has some fun with it too. It’s all his enthusiasm and non ending energy that makes him addictive, in a good way as that stuff is contagious. BD
Dr. Oz “11 Weeks to Move It and Lose It” Revolutionary Weight Loss Challenge to Launching Jan. 3, 2011
A clinical decision support company founded by medical informatics pioneer Dr. Lawrence Weed is now in the hands of TV host Dr. Mehmet Oz and WebMD founder Jeff Arnold.
Sharecare, the Atlanta-based health and wellness social network started by Arnold and Oz, announced Monday that it has purchased PKC, maker of clinical knowledge management software for clinicians and consumers.
PKC, of Burlington, Vt., gives Sharecare a clinical engine for its social media-oriented system and Sharecare provides the outlet to consumers that PKC had sought for years, according to Pierce. "This is actually going to plan" from the time he joined the company 20 years ago, "but I had to add 10 years to the plan," Pierce joked.
Briarcliff Baptist Church (Food Pantry)
Food Pantry Hours
In case you missed it the link below has more information about the lawsuit and again all this was uncovered due to a stolen lap top where confidential information about patients was being shared with companies on Wall Street looking to invest. BD 
the news with older policies being cancelled and new ones written. Some may accomplish this via marketing efforts and the old policy rates go out of reach as far as being able to afford so consumers are kind of forced to make a decision at that point. Those with pre-existing conditions sometimes can’t switch to a policy that is comparable or better and thus are trapped to take what they can afford and have to abandon their original policies as they can’t afford the premiums any longer. 
cells have huge value as they are the ones that can be converted to other stem cell types, in other words you can take skin stem cells and turn them in heart cells for an example with reprogramming the production process. iPS cells were probably one of the biggest advances we have had with stem cell creation and what it enables science to accomplish. Disease treatments, growing human body parts for example are all wrapped into this area of R and D. 
practices knows what that is as it continued on from the original structure with paper charts right into electronic medical records and basically is the ground work to cover all the important items in a visit with a patient. The PKC data base was created to give support for “meaningful use” as well. What is interesting here is the access that patients will have to the data base of information and will be able to use it and forward to a physician and this way to put it in simple terms the doctor has the basis of the information he needs with contributions from the patient, and in the process the patient gets smarter too, so it sounds like this is a win-win. When Sharecare first came out, I had some reservations as we all do until we see it in actual operation and how it is formatted for use on the web. The big key here is to get “credible” information as the web is a jungle today. 
networks and become friends, a little like Facebook in format and each physician or other professional contributor has a profile of how many questions they have answered and where they are so in essence it looks like it drives some potential business to them if they might happen to be in the area of an inquiring consumer. 
they offer and for the layman in looking it might be a little confusing as there’s a lot on there about the three specific services they offer but the Profiler option is the one created to work with electronic medical record systems and the Clinical Knowledge Management is the data base of journal publications and more. One thing to note here from the data side, look at how long it took to compile all of this, a long time. 
Mehmet Oz and WebMD founder Jeff Arnold. 
