Business & Finance - 14 August 2007

2007-08-14 15:31:03 · 1 answers · asked by RK 2 in Other - Business & Finance

Ok,
I have began investing in real estate. I was speaking to another investor at a REI club and he told me something that shocked me completely. He said that he bought a house for $5000. It was in poor condition, no hot water heater or furnace, holes int the wall, kitchen cabinets gone, etc. He said that he patched the holes, painted the walls and it was appraised for $35000. He then paid someone in the neighborhood (a bad neighborhood) to burn it down. A month later he collected the insurance money (a little more than the appraised amount $45k total).

My questions are:
1. How could he have gotten insurance for this house? Isn't there a pre-insurance inspection for homeowners insurance, or does it not matter what shape the house is in? This house was pretty much unlivable.
2. I was under the impression that a vacant house can not be insured. Am I wrong here?
3. Is there anything that local authorities can do in a situation like this? Would my testimony help, or would it not matter?

2007-08-14 15:25:11 · 8 answers · asked by don c 1 in Insurance

2007-08-14 15:00:19 · 2 answers · asked by Anonymous in Other - Business & Finance

2007-08-14 14:59:29 · 1 answers · asked by sbswinc 1 in United States

2007-08-14 14:58:06 · 21 answers · asked by Angelino! 1 in Personal Finance

2007-08-14 14:57:34 · 1 answers · asked by Anonymous in Other - Business & Finance

I'm studying for the CFA Level I, and I thought dividends were always paid in cash, but am a bit confused since it appears that there is just a rearranging of the equity- retained earnings and paid-in capital- when accounting for dividends. Please advise. Thanks.

2007-08-14 14:54:43 · 1 answers · asked by Peter N 2 in Other - Business & Finance

2007-08-14 14:52:01 · 1 answers · asked by Anonymous in Other - Business & Finance

Electric/Gas bill average?
Water bill average?
Heating/Cooling average?
Phone bill average?
ETC, ETC.

Not trying to be nosy. Trying to know how much it is to live on my own.

2007-08-14 14:43:27 · 5 answers · asked by xlxomenxlx 2 in Personal Finance

ok so i just got my letter from section 8 housing stating that they want me to make an appt. with them so that i can get my voucher but i owe the housing 630 dollars from being on a low income apt 3 years ago now when i go for my appt. will they work with me or will they want that money up front?

2007-08-14 14:42:14 · 6 answers · asked by Anonymous in Renting & Real Estate

2007-08-14 14:37:30 · 5 answers · asked by Gabe 2 in Insurance

Difference between regular cash dividends and periodic share repurchase?

2007-08-14 14:36:15 · 1 answers · asked by Anonymous in Personal Finance

So I terminated my lease early, but paid the remaining rent left on the term. At the beginning of my lease my landlord collected first and last month's rent. Can he legally charge us one months rent after the termination of the lease for "damages", even though there are no damages?

2007-08-14 14:33:26 · 6 answers · asked by Dsgnrgrl 2 in Renting & Real Estate

I'm self employed and gross about $105,000 / year.
Have wife and 3 small children. (wife stays home)
Premium for family is $857.41 / month and increases about 11% per year.
M.D. visits have $20 co-pay.
Policy through Excellus BC/BS.
We live upstate New York and have no health problems.

2007-08-14 14:30:07 · 15 answers · asked by George H 1 in Insurance

2007-08-14 14:22:07 · 5 answers · asked by kgthekid08 1 in Other - Business & Finance

2007-08-14 14:22:07 · 5 answers · asked by Anonymous in Corporations

What do I need to know to pass a civil service exam for Corrections Officer? Any prior training necessary?

2007-08-14 14:21:24 · 1 answers · asked by otori_katsumoto 3 in Government & Non-Profit

For a standard employment check. I have heard different things in the past. People always used to say that a backround check covered a 7 year period. Now I have heard that there is no time period, and that the check will go as far back as to your 18th birthday. Does this sound accurate?

2007-08-14 14:14:56 · 5 answers · asked by gabriel b 1 in Other - Careers & Employment

I make about $18k a year.. I am single and am not claimed by anyone else as a dependent. I want to just about break even, or else get a small refund or owe less than $300. I don't want a large refund. Thanks

2007-08-14 14:12:55 · 3 answers · asked by eyerotten 3 in United States

i got a check for $8000 from my state farm insurance company to fix my house siding and roofs from hail storm... i kept the money instead of fixing it.. now my house is in a process of forclosure.. what's gonna happend to me? do i have to give back $8000?

thanks

2007-08-14 14:11:40 · 5 answers · asked by Anonymous in Insurance

He has already told one of the tenants that he plans on giving everyone 6 months. I myself have lived in this apartment for 24 years, so I am having a tough time accepting that I won't wake up here pretty soon. Does the landlord have to pay any restitution for forcing people to move? Please help

2007-08-14 14:09:22 · 9 answers · asked by Anonymous in Renting & Real Estate

I need to know what they mean and what the difference is in all of them.

2007-08-14 14:06:23 · 3 answers · asked by Anonymous in Small Business

I'm trying to see if there is a way to get out of this Social Security BS. However I'm not sure if its possible to do this.
I don't work for cash and I'm not a capitalist.

Any ideas?

2007-08-14 14:00:47 · 12 answers · asked by Ram 2 in United States

or do you have to have a job, house etc?

2007-08-14 13:59:29 · 12 answers · asked by nakatablue 2 in Personal Finance

I was curious if you have always had good credit and borrowed large amounts of money but paid them off and this went on over the years and then you borrow rather large sums with the promise to pay it back like you always have and something really bad happened ,you were in a natural disaster and you can't pay them back and you have no income and you havent contacted them . Can you be charged with fraud or just sued or what ? Please just if you know for sure answer.I appreciate your help Thanks in advance

2007-08-14 13:53:01 · 10 answers · asked by jb 1 in Credit

How often do you tip a waiter at a restaraunt or anywhere?

Is it absolutely neccessary or what? lol

What if you don't ? Is it rude? incosiderate?

What if you're a college student and you're kinda broke? lol

I mean i don't tip often ... I would say outta 10 times I would tip 3 times

I mean its not like im gonna hurt the waiter/waitress' feelings or anything or neither am i gonna ever see am again or seem em often...I pay 1000s of dollars for school and prolly will be for the next 3-4 years until i get my masters so im hodling onto whatever i have as much as i can lol

im only 18...so this is one of life's little lessons here...lemme at it lol

2007-08-14 13:48:51 · 12 answers · asked by Anonymous in Food Service

When I met my wife she had good credit and I did too.She put me on her credit cards and made me an authorized user. Instead of her using her cards she had me purchase everything and sign my name.I never gave my written permission for her to do this or provided my social security number on her accounts.She over a year or so borrowed money on those cards with using my issued credit card that was still on her account. We were married during that time and I was curious if she has massive amounts of money that she owes am I responsible even though I was only an authorized signer? Can I get in trouble for her running up large amounts of money on the credit cards using my credit card that I was authorized to use? This has me really worried. Also do the credit laws vary from state to state.At the time we didn't live in this state we now live in Colorado.

2007-08-14 13:48:40 · 6 answers · asked by jb 1 in Credit

Nothing's wrong with the car, "Life" just got busy when we purchased and we could not afford the time to "shop."

Now, I realize it is/was a 5-year loan at 8.5% and am looking into the refinancing.

2007-08-14 13:48:07 · 2 answers · asked by Hutch 1 in Personal Finance

What types of problems are created in a business due to inadequate cash flows?

2007-08-14 13:46:58 · 2 answers · asked by ahsaztec03 1 in Small Business

After the second interview, what happens after that, and what is the time frame?

2007-08-14 13:45:33 · 2 answers · asked by Anonymous in Other - Careers & Employment