Basements can be a great addition to your home. They make good function rooms and they can also be an excellent place to entertain guests and to relax on weekends. You can also have your children use a corner as play pen.

There are so many ways to use your basement. Practically everything you can think of. But before all the convenience and comfort take place, it is important to put some investment on your basement wall system. By investment, it means both time and money.

For a safe and secure basement wall system, here are some items that you must know and ensure that they are present in a well prepared and constructed basement:

1. The Outer Insulation – You will have to do a lot of digging. This is because the soil outside of your house is in contact to your basement walls. You will have to insulate that surface area where your wall is exposed to the damp earth. Check some utilities that may be placed in these areas. These are things like gas, hydro, telephone, water, sewage. Ensure their safety and maintenance. Insulating your exterior walls prevents heat loss in your basement. All this can be overwhelming if you?re new to this business. You may want to consult or hire a professional to do the external basement wall system for you. Or you may do it yourself. But just be sure to do it right. Otherwise, you might have to dig extensively again in the future.

2. The Internal Insulation – The interior walls must also be insulated. This is because air leaks in very easily. The air is cold outside. You have no control over that. But you do have control over preventing air flow to come in. A good basement wall system for internal insulation does that. Usually, this type uses fiberglass materials layered in your walls. Some would use foam type or plastic fixtures. This may cost you but it?s a worthy investment. You don?t want to have a cold basement room, do you?

3. Waterproofing the Basement – Your basement must be free from molds, mildew, bacteria and all other fungus that will start spreading in. It will make your basement smell bad. And since these molds are not easy to find, you?ll have a hard time figuring out where it?s coming from. When this happens, nobody wants to stay in your basement anymore. So this is basement waterproofing comes in. Some basements have rubber plastic adhesive solutions layered in joints and walls to prevent moisture to set in. You may also want to check other basement wall system options in waterproofing. Just make sure they?re safe.

Sure you have a very beautiful basement. It?s very cozy, well lit and probably the most livable place in your home. But if you a poor basement wall system, chances are you won?t be enjoying its benefits for long.

For your basement to be functional and efficient, it should be free from dampness and moisture. These things cause bad smell, cold room temperature, and not to mention damage to your foundation walls. If this happens, you will spend some time each year doing repairs. Not only that, it will cost you and eventually spend more.

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No coin collection can be complete without a fine set of Mexican gold coins, most specifically the Mexican 50 Peso gold coin. An affordable coin made of 90% gold alloy and 10% copper alloy, this specimen is a great investment for those collecting gold bullion coins, and is one of the most durable in the Western Hemisphere.

Commemorating the 100th anniversary of Mexico’s independence from Spain, the first ever Mexican 50 Peso gold coin was issued in 1921. Therefore, it is also known as the Centenario.

A beautifully rendered specimen, the coin displays an image commonly known as “Winged Victory” carrying a laurel wreath in her right hand and a segment of broken chains in her left hand. Two of Mexico’s most well known volcanoes can be seen behind the image of Winged Victory. The date 1821 on one side of the coin indicates the commemorative year, while the data on the right will designate the year the coin was minted.

Roughly 4 million specimens of this particular coin were minted between 1949 and 1972, and are referred to as restrikes. However, 50 Peso denominations of Mexican gold coins that were minted before 1949 are considered the favorites, as well as those minted in 1921 in 1931. The reverse side of the coin displays the Mexican coat of arms, and an eagle delicately balanced on a cactus holding a serpent in its beak.

The Mexican 50 Peso gold coin contains a fineness of .900 and contains 37.5 g troy ounce. For a piece of history and a taste of independence, collectors and investors collecting Mexican gold coins should leave a space in their portfolio for this very special Mexican 50 Peso gold coin specimen.

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How to do Short Sales, a Complicated Investment

This article is for those of you who have tried your hand at Short Sales and realized that they’re harder than they look.

A comparison of the two…

The Requirements of a Short Sale

A Short Sale transaction involves a lot of time convincing to a borrower.

The loss mitigation officer in charge of the short sale proposals is probably overwhelmed with work. Because of this, they may take a longer time to get back to you.

Compared to buying bank notes, short sales require bank statements, tax information, proof of income, letters explaining hardship, closing statements, and cash.

If you’re able to close a simultaneous short-sale, you may not have to fund anything. Otherwise, you have to finance the purchase from the bank.

How to do Short Sales vs Buying Bank Notes

Real estate note purchases involve a secondary asset manager or loss mitigation officer who has perhaps 5 to 30 investors. (they handle the documentation unlike a short sale). After you’ve reviewed loan documents, you have a purchase and sale agreement, and an assignment of mortgage – they will be very similar for all lender’s money.

With defaulted mortgages, money will be needed when buying the bank notes. But, there are many options in pursuing notes that require little capital.

Short Sales and Buying Notes in California

When you are taking title as part of a deed in lieu negotiation, the constraints that equity purchasers have don’t apply. You are also exempt from Civil Code 1695. There are multiple exits strategies that you can pursue, these include deed in lieus, loan modifications, refinances, or even reselling the note. In short sales, you are limited to the need of finding a buyer and selling the property.

If you are buying bank notes with a singular interest, there are no licensing requirements.

Another thing you are not subject to are potential litigations. (short sales are however, because they are considered lease option deals which are interpreted and loans which means you would be stripping equity). With real estate note purchases, you can simply modify the loan. But since you are the lender, you will be subject to changing foreclosure laws.

A Closing Thought on Short Sales and Buying Bank Notes

So let me leave you with this thought. In short sales, you may find yourself in a hard situation because of a difficult lender that you are forced to deal with. On the flip side, if you are buying bank notes…you may have investors contacting you asking for discounts on your defaulted mortgage so they can sell the property.

Isn’t that a good change of pace?

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