The Wildlife in the Summer Season in Sacramento, California

This photo shows a coyote jumping as it is attempting to catch a prey.

Wildlife

The summer season is when most of the wildlife comes out and there is still a lot of it in the Sacramento area, especially in the outskirt and along the river since we saved a pretty large natural area around the river exactly for that purpose (and also to provide space in case of large water flow in an attempt to avoid or at least reduce river floods which would happen every few years before we had the Folsom Dam and the Natoma Lake Dam.) Continue reading “The Wildlife in the Summer Season in Sacramento, California”

Investors who want to wholesale a house, beware of the agent’s commission!

When investors look into wholesaling a house, they generally already have interested buyers and go in the transaction knowing that they will be able to pretty much immediately flip the house.

If you are a beginner, you want to pay attention to the costs of such a transaction. If you handle everything yourself, then you avoid the commission costs to any agent, which means you can nearly see your income as the difference between your purchase and sale price. However, either way, there are fees.

Continue reading “Investors who want to wholesale a house, beware of the agent’s commission!”

Smoke Alarm

Smoke Alarms are required in all buildings, residential and commercial. This page is about the history, functionality, and current requirements of smoke alarms.

How Does It Work?

Ionization (Modern Alarms)

Modern Smoke Alarms, first invented in the 1930s, use quite advance science. It has to detect that your house contains smoke (see What Is Smoke? below) early enough so you have time to escape. Continue reading “Smoke Alarm”

FHA 90 day Rule applies to the Insurance

The Federal Housing Administration (FHA), which was in part created by the National Housing Act of 1934, puts out various rules about their loan offers and insurance. In general these rules are expected to protect the market from a crash such as the Great Depression crash.

One of the rules, to limit price hikes, is to require flippers to sell homes 91 days after they purchased it. The time elapsed between the purchase and the sale must be at least 91 days. The attached document, Handbook 4000.1, FHA Single Family House Policy Handbook, includes the exact rules used by lenders to know whether an FHA loan is allowed or not. Continue reading “FHA 90 day Rule applies to the Insurance”

What is a HELOC? how does it work? Compared to a mortgage?

WARNING: I’m not licensed to offer mortgages nor a CPA. The following is just my opinion and should be taken with a grain of salt. Please seek professional advise before acting on any of the following.

What does HELOC mean?

The HELOC acronym stands for Home Equity Line Of Credit. It is often pronounced Hee•Lock.

As we understand, this is a way to get some money from your bank to use as required (Line of Credit) with the loan secured by your home (Home Equity as Collateral). In other words, the principal that you already paid on your home can be converted to a line of credit. Continue reading “What is a HELOC? how does it work? Compared to a mortgage?”