Traffic services – Piazza Duomo 2 http://piazzaduomo2.com/ Sat, 18 Jun 2022 15:57:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://piazzaduomo2.com/wp-content/uploads/2021/11/profile.png Traffic services – Piazza Duomo 2 http://piazzaduomo2.com/ 32 32 5 milestones that mark the start of retirement for Americans https://piazzaduomo2.com/5-milestones-that-mark-the-start-of-retirement-for-americans/ Sat, 18 Jun 2022 12:12:01 +0000 https://piazzaduomo2.com/5-milestones-that-mark-the-start-of-retirement-for-americans/ stockfour / Shutterstock.com When does retirement start? Most people would say this is the day you stop clocking in full time for your business. But not everyone thinks that way. For some people, other milestones are more important markers that your golden years have begun. A recent report by Edward Jones and Age Wave surveyed […]]]>
stockfour / Shutterstock.com

When does retirement start? Most people would say this is the day you stop clocking in full time for your business.

But not everyone thinks that way. For some people, other milestones are more important markers that your golden years have begun.

A recent report by Edward Jones and Age Wave surveyed 11,000 adults. A subset of respondents – retirees and pre-retirees aged 45 and older – were asked to name the milestone that most signifies they have reached the goal of retiring. Here’s how this group responded.

5. Reaching a certain age

Happy and relaxed retired seniors
Monkey Business Images / Shutterstock.com

Retirees and pre-retirees who say this stage marks the start of retirement: ten%

By the time you hit 50 — if not before — thoughts of retirement start to get bigger. At some point, you might cross the line between thinking about retirement and actually feeling like you’ve reached that stage in life.

As the study authors note, “being a ‘retiree’ these days is mostly self-defined.”

3. Achieve Financial Independence (Equality)

Senior shocked by money
Drop of Light / Shutterstock.com

Retirees and pre-retirees who say this stage marks the start of retirement: 17%

Some people are lucky enough to reach a day when they no longer need to work, even though they still enjoy doing it.

Achieving some level of financial independence relieves the pressure of living paycheck to paycheck. Your body may continue to show up for work, but your mind has entered a new place.

If you’ve reached this point and are dreaming of the next step – quitting your job – check out “The 10 Best Cities in America for Early Retirement.”

3. Leaving a job or career (tie)

Senior smiling goodbye
Krakenimages.com / Shutterstock.com

Retirees and pre-retirees who say this stage marks the start of retirement: 17%

For some people, quitting a job means that they are retired, but that does not necessarily mean that these people are leaving the labor market altogether. After working in a career for a long time – possibly with the same employer for years or even decades – a change to a new job can feel like retirement.

Or maybe someone is giving up a leadership role to take on something with a better work-life balance. This too can feel like a kind of retirement.

2. Receiving social security or a pension

Man drinking coffee
Monkey Business Images / Shutterstock.com

Retirees and pre-retirees who say this stage marks the start of retirement: 22%

It’s no surprise that reaching either of these milestones makes people feel like they’re retired.

Of course, it is possible to continue working even if you are bringing in Social Security or retirement money every month. But for many people, these sources of income are enough to give them the assurance that they could quit their job at any time.

Not sure when to file a claim? Stop by the Solutions Center to find help from a Social Security expert.

1. Stop working full time

Elderly man working in agriculture
aslysun / Shutterstock.com

Retirees and pre-retirees who say this stage marks the start of retirement: 34%

Taking a long break from full-time work was the ultimate sign that you’re officially “retired.”

Maybe you work as an accountant for a long time, then suddenly switch to a part-time job at a nursery. Or maybe you’re giving up a full-time teaching position and now considering being a substitute teacher.

Or maybe you go the traditional route and ditch the work altogether.

All of these circumstances can make people feel like they are finally “retired”.

If you’re ready to change your job without stopping completely, check out “20 Great Part-Time Jobs for Retirees.”

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

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Minnesota Mortgage Calculator | the ascent https://piazzaduomo2.com/minnesota-mortgage-calculator-the-ascent/ Mon, 13 Jun 2022 14:59:43 +0000 https://piazzaduomo2.com/minnesota-mortgage-calculator-the-ascent/ Minnesota Housing Market 2022 Minnesota’s housing market jumped 8.3% year over year, with the average home value rising to $316,100. At the same time, the number of homes sold decreased by 13.0% and the number of homes for sale fell by 16.3%. According to Minnesota Realtors, the housing market in Minnesota has been growing for […]]]>

Minnesota Housing Market 2022

Minnesota’s housing market jumped 8.3% year over year, with the average home value rising to $316,100. At the same time, the number of homes sold decreased by 13.0% and the number of homes for sale fell by 16.3%. According to Minnesota Realtors, the housing market in Minnesota has been growing for two years in a row. The median sale price of a Minnesota home in 2022 is about $50,000 more than two years ago.

According to a report from Minneapolis-area realtors, demand for homes in Minnesota is at a 20-year high, while supply is at a 20-year low. Those looking to buy a home can expect to see a competitive housing market.

How do I calculate my mortgage payment?

To calculate your monthly mortgage payment, we recommend using our Minnesota Mortgage Calculator. The formula to calculate it manually is very complex. Here is the equation:

To calculate your monthly mortgage payments in Minnesota, first enter your estimated mortgage amount, then your loan term, then the interest rate you think you qualify for. Keep in mind that the higher your credit score, the more likely you are to get the most competitive rate available. The term of your loan is the number of years you have to pay off your mortgage. The most common terms are 30 and 15 year mortgages.

In addition to the mortgage principal and interest, you will need to add monthly insurance costs, taxes and other fees. Property taxes and assembly fees are sometimes incorporated into the loan. Our Minnesota Mortgage Calculator also lets you add taxes and insurance to your monthly payment.

The Mortgage Calculator for Minnesota also has an option to enter your down payment amount. The more you invest, the less you will need to borrow and the lower your monthly mortgage payments will be.

What other fees do I have to pay?

There are other monthly expenses you’ll need to consider, such as home insurance and property taxes. When using our mortgage calculator for Minnesota, remember that property taxes paid as a percentage of owner-occupied homes average 1.10%, the 19th highest in the nation. Property taxes may change depending on your county.

Homeowners can also be part of a homeowners association (HOA) and must pay a monthly HOA fee in addition to their mortgage payment. HOA fees typically cover maintenance of common areas and often include services such as garbage removal. To enter these additional costs into the Minnesota Mortgage Calculator above, simply click on “Additional Inputs” (under “Mortgage Type”).

You may also need to consider private mortgage insurance (PMI). Homeowners will have to pay PMI if they don’t put down at least a 20% down payment on their home. With all these different costs, it’s helpful to use our Minnesota home loan calculator. Our Minnesota Mortgage Calculator will help you break down your costs so you can see what your monthly mortgage payments will look like under different scenarios.

For those looking to refinance an existing mortgage, our Minnesota Mortgage Calculator can also help you figure out your monthly payment — and you can check out our list of top refinance lenders to start that process.

What to know before buying a house in Minnesota

Before buying a home in Minnesota, it’s important to make sure your finances are in order. Here are the factors considered by financial institutions:

Minnesota has a diverse geography. About a third of the state is covered in forest, and the “Land of 10,000 Lakes” is known to have more than 14,000 freshwater bodies of at least 10 acres. Minnesota borders Lake Superior and is part of the Great Lakes region of North America. The North Star State is known for its outdoor activities, beautiful scenery, historic sites and attractions, and is home to many Fortune 500 companies.

More than half of Minnesotans live in the Minneapolis-Saint Paul metropolitan area. Also known as the “Twin Cities,” the typical home value in Minneapolis is $330,879. Due to Minnesota’s geography, some of the most common natural disasters in the Gopher State include floods, severe storms, tornadoes, wildfires, and winter storms.

Minnesota also averages about 110 days a year with at least one inch of snowfall. If you like snow, then Minnesota might be the right place for you! It is important to be informed of the impact that bad weather can have on the region you are interested in.

Learn more: Homebuyer’s Checklist

Tips for First-Time Home Buyers in Minnesota

Here are some important tips for first-time home buyers in Minnesota. There are several programs available to first-time home buyers through Minnesota Housing, the state’s housing finance agency.

Minnesota Housing offers several programs to provide access to safe, decent, and affordable housing, and to build stronger communities across the state. In 2021, Minnesota Housing distributed $1.92 billion in resources and served more than 93,504 households.

Here are the different programs offered by Minnesota:

Minnesota Housing – Getting Started

Start Up is a Minnesota mortgage program for eligible first-time home buyers, available from participating lenders. Starter offers:

  • Affordable interest rates
  • Three down payment and closing cost assistance loan options for eligible borrowers
  • Income limits up to $120,600
  • The cost of acquisition must be below certain limits depending on your place of residence

Housing in Minnesota – Step Up

Step Up is a statewide program in Minnesota for repeat buyers or current homeowners to purchase or refinance a home. Step Up offers:

  • Affordable interest rates
  • Down payment and closing cost assistance loan for eligible borrowers
  • Income limits up to $156,800
  • Purchase price/refinance loan amount must be below certain limits

Minnesota Housing – Monthly Payment Loan

This Minnesota program is designed to help homebuyers with the costs of buying a home. This program is available with Start or Step Up and borrowers can receive monthly loans of up to $17,000 to be applied towards closing costs and down payment. Loans are fully amortized over 10 years and additional eligibility conditions apply.

Minnesota Housing – Deferred Payment Loan

This loan is for first time home buyers and is only available with Start Up. Borrowers can get up to $12,500 with the Deferred Payment Loan or $15,000 with the Deferred Payment Plus Loan. There are other benefits to this loan, but borrowers must meet certain criteria to qualify for the loan.

Loans and programs for home ownership

Here are other homeownership programs that homeowners can consider:

  • FHA loans are mortgages repaid by the Federal Housing Authority and require a 3.5% down payment.
  • VA loans are for military service members and require a 0% down payment.
  • USDA loans are government guaranteed loans for qualifying properties and require a 0% down payment.
  • Fannie Mae and Freddie Mac are conventional loans that require a 3% down payment.

Decide on a home buying budget

Once you’ve decided on the best plan and shopped around with different lenders, it’s important to decide on a home buying budget. Many experts recommend that your monthly house payment (including additional costs) not exceed 30% of your monthly income. You must also have enough money saved for closing costs (eg attorney fees, title insurance, taxes, etc.). Other costs such as loan fees, inspections and processing fees are generally not covered by the loan.

Read more: Best mortgage lenders for first-time home buyers

Still have questions ?

Here are some other questions we answered:

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FTC Chairman Lina Khan on gaming, augmented reality and virtual reality https://piazzaduomo2.com/ftc-chairman-lina-khan-on-gaming-augmented-reality-and-virtual-reality/ Thu, 09 Jun 2022 04:03:16 +0000 https://piazzaduomo2.com/ftc-chairman-lina-khan-on-gaming-augmented-reality-and-virtual-reality/ The Federal Trade Commission pays particular attention to the video game market, which has seen an unprecedented level of consolidation in recent years during a period of record mergers and acquisitions activity. Speaking to Protocol, FTC Chair Lina Khan said the gaming market was “a priority” for the agency and its renewed regulatory efforts, especially […]]]>

The Federal Trade Commission pays particular attention to the video game market, which has seen an unprecedented level of consolidation in recent years during a period of record mergers and acquisitions activity.

Speaking to Protocol, FTC Chair Lina Khan said the gaming market was “a priority” for the agency and its renewed regulatory efforts, especially fast-growing markets such as augmented reality and Virtual.


“I think these kinds of nascent and expanding markets are definitely on our radar and in the lead,” Khan told Protocol. “Especially since VR or AR [are] also becoming an important part of how some of these games work for users and [how] users interact.”

AR and VR in particular is “one area where we’ve been fortunate enough to be able to bring in more technologists who integrate with our lawyers and our teams,” Khan added, “to make sure, just at a level fundamental, we are able to fully understand how these technologies even work.”

“Having that expertise and those skills on board is really, for us, a crucial first step,” Khan said.

The gaming industry has been a hotbed of acquisitions and funding since 2020, when the pandemic created a new wave of gaming interest and spending. This, in turn, has invited a new level of regulatory scrutiny for an industry that, despite generating nearly $200 billion in global revenue in 2021, has gone largely unchecked for the past few decades.

Six of the 10 biggest video game acquisitions in history have taken place or been announced since the start of 2020. in 2020, may have a monopoly hold on the virtual reality industry. This market share is due to a series of crucial acquisitions that Meta has made since buying Oculus VR in 2014. Meta now intends to expand aggressively into the AR and video markets. mixed reality before competitors like Apple can beat it.

In 2021, there were nearly 1,200 video game transactions valued in total at more than $85 billion – a 161% jump in transaction value from 2020, according to a April report of investment firm Drake Star Partners. In the first three months of 2022 alone, there have already been 387 deals totaling nearly $100 billion, with the majority of the record deal value coming from Microsoft’s planned $69 billion acquisition of World of Warcraft and Call of Duty publisher Activision Blizzard, the biggest – ever deal in the industry.

Khan and the FTC are investigating Activision’s deal, as well as Sony’s much smaller proposed acquisition of Destiny developer Bungie. While both deals are expected to go ahead, antitrust experts say the FTC could seek behavioral concessions from Microsoft and Sony in areas such as platform exclusivity.

“We take a lot of care to make sure that we are mindful not just of some of the past damage that has already been identified, but some of the new and coming damage,” Khan told Protocol. “And so obviously, [gaming] is an area where we see M&A activity. This is an area where we are devoting resources to ensure that we anticipate what is going to be the next set of challenges and to ensure that we are fully prepared and able to identify how some of our powers and tools are able to protect people in this context.”

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Schapiro: A payday loan battle that started in Virginia with a whimper, ended with a bang | Columnists https://piazzaduomo2.com/schapiro-a-payday-loan-battle-that-started-in-virginia-with-a-whimper-ended-with-a-bang-columnists/ Tue, 07 Jun 2022 06:00:00 +0000 https://piazzaduomo2.com/schapiro-a-payday-loan-battle-that-started-in-virginia-with-a-whimper-ended-with-a-bang-columnists/ Jeff Schapiro DEAN HOFFMEYER/TIMES-EXPATCH///////// Jay Speer has been lobbying the Virginia legislature for as long as he’s been a parent: 22 years. And for almost all, while he and his wife raised two children, both now out of college, Speer fought back against the high-cost instant loan industry, arguing that payday lenders and securities cars […]]]>





Jeff Schapiro


DEAN HOFFMEYER/TIMES-EXPATCH/////////



Jay Speer has been lobbying the Virginia legislature for as long as he’s been a parent: 22 years.

And for almost all, while he and his wife raised two children, both now out of college, Speer fought back against the high-cost instant loan industry, arguing that payday lenders and securities cars mainly exploit the poor. with debts they find it difficult to repay – if at all.

For Speer, executive director of the Virginia Poverty Law Center, the industry is now a much smaller target, having been held back by rules imposed by Democrats in 2020, when their party commanded every corner of state government. Even Republicans long friends of the lenders supported the reforms.

Speer’s fight with loanees may have died down, but it’s by no means over. A little-noticed mid-May settlement of a federal lawsuit filed more than three years ago by Speer’s organization and two law firms, Kelly Guzzo of Fairfax and Consumer Litigation Associates of Newport News, says as much. .

Under the settlement, 550,000 borrowers here and in other states won’t have to pay $489 million in illegal internet-based payday loans for which they were charged 600% interest. Most borrowers will split $450 million in cash repayments. An additional $39 million is for those who paid illegal amounts to lenders.

People also read…

Despite their checkered track record, Virginia was open to payday lenders — they’re so called because they provide a cash advance against a borrower’s salary — during a pro Democrat’s 2002-2006 gubernatorial term. -company, Mark Warner, now a US senator who has since cooled off in the industry.

Warner signed the legislation sent to him by a Republican-controlled General Assembly even as his top aides pressed him to reject it. One of them threatened to resign in protest. Warner’s successor, fellow Democrat Tim Kaine, not a fan of lenders, tried in vain to negotiate reforms acceptable to the industry and its opponents.

A 2009 attempt to limit the frequency of lending — it was spearheaded by several senior House Republicans and a white-shoe law firm with close ties to the GOP — drove out some lenders. To stay open in Virginia, many revamped their business model, operating under a provision of state law that allowed them to charge higher interest rates.

Over the next few years there would be other – unsuccessful – efforts to bring the lenders to heel. The industry’s footprint in Virginia expanded in 2011, when the state sanctioned car title lending under which a borrower risks losing their motor vehicle if a loan is not paid. . At the time, Republicans held the Legislative Assembly and the office of governor.

Finally, in 2020, with Democrats in full control of the state house for the first time in nearly 30 years, Virginia passed sweeping protections under the Fairness in Lending Act. The measure has generated bipartisan support that lobbyists on both sides attribute to legislative fatigue over years of fighting.

At times the debate was theatrical, overshadowing larger and lingering issues: that traditional financial institutions – banks and credit unions – then showed little interest in small loans, viewing them as risky and unprofitable. Additionally, competition among payday lenders for a seemingly captive audience was limited because their high-cost products were similar.

Lenders were blocking public hearings with credit union workers who had been bussed to Richmond, many of them from Hampton Roads, where there were many stores. Rebuking lenders as loan sharks, an enemy of the industry—a moving company executive who tried to pay off an employee’s five-figure debt—sometimes showed up in, you guessed it, a suit of shark.

Although it took effect in 2021, the law capped interest and fees on payday and car title loans and locked in the interest rate on consumer purchases paid over time at 36%. time. The law also created safeguards against online payday lenders based in other states or, like those in the May settlement, operated by sovereign Native American tribes shielded from many laws.

The Pew Charitable Trusts reports that Virginia — where lenders have worked their will through well-placed lobbyists and, since Speer’s arrival two decades ago, with millions of dollars in donations to lawmakers — is the one of four states since 2010 to enact broad protections for payday borrowers while guaranteeing access to credit. The others are Colorado, Ohio and Hawaii.

“In these states, lenders are cost-effectively offering small loans that are repaid in affordable installments and cost four times less than typical one-time payment payday loans that borrowers must repay in full on their next payday,” Pew said. in an April survey of all 32 states. who authorize payday loans.

Among Virginia’s neighbors, Washington, DC, Maryland, North Carolina and West Virginia ban payday loans, according to the Consumer Federation of America, a consumer advocacy and research group. Loans are legal in Kentucky.

The impact of Virginia’s new law on lenders is still unclear, though Pew says it would likely mean fewer payday stores. The State Corporation Commission’s Office of Financial Institutions is expected to produce a first overview of the legislature this month.

A consequence of the reform: possible competition between banks for small borrowers. Personal finance website NerdWallet says low-interest, low-dollar loans are expected to be offered by national companies such as Bank of America, Wells Fargo and Truist. Could this be a magnet for cash-strapped, inflation-worried customers?

It’s all part of a larger overhaul of a facet of consumer finance that in Virginia has long been described as big business exploiting the little man. Heck, they aren’t even called payday loans anymore. By law, these are short-term loans.

Contact Jeff E. Schapiro at (804) 649-6814 or jschapiro@timesdispatch.com. Follow him on Facebook and on Twitter, @RTDSchapiro.

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Big sure dividends: can you have your cake and eat it too? https://piazzaduomo2.com/big-sure-dividends-can-you-have-your-cake-and-eat-it-too/ Thu, 02 Jun 2022 11:00:00 +0000 https://piazzaduomo2.com/big-sure-dividends-can-you-have-your-cake-and-eat-it-too/ DeanDrobot/iStock via Getty Images Is this headline true or just click bait? Is it possible to own a big dividend stock that is also safe? If you’re one of my regular readers, you’re forgiven for doing a double take on today’s title. After everything, my regular sermon warns against buying “sucker yields”. As I wrote […]]]>

DeanDrobot/iStock via Getty Images

Is this headline true or just click bait?

Is it possible to own a big dividend stock that is also safe?

If you’re one of my regular readers, you’re forgiven for doing a double take on today’s title. After everything, my regular sermon warns against buying “sucker yields”.

As I wrote in a October 3, 2016, article for Forbes:

“A ‘sucker-yield’ is based on quantifiable, seemingly ridiculously high returns, when the underlying security has a flawed or vulnerable business model. Companies that fall under the definition of ‘zero-yield’ typically have earnings histories unpredictable and unreliable with dangerous dividend payouts.

Over the years I have predicted a number of these wealth saboteurs who will eventually collapse. Several even burned.

For example, we know that the oversupply of shopping centers in the United States was developed during the Covid-19 closures. As a result, a number of shopping center real estate investment trusts ((REITs)) have had to reduce and/or suspend their dividends.

Washington Prime, for its part, eventually filed for bankruptcy and withdrew from the NYSE. Last March, I compared it to the classic Queen song in “Another One Bites The Dust”:

“…our projections for WPG’s inability to generate cash flow to support its necessary redevelopment spending materialized for the reasons we expected. The last article on WPG, which focused on the dividend cut that we were extremely confident would happen in 2020, pandemic or no pandemic, is here.

And, of course, he did.

Another opportunity to avoid

Another zero return that I tried to steer investors away from was Diversified Healthcare Trust (DHC), formerly known as Senior Housing Properties Trust. In 2019, I explained:

“On an AFFO [adjusted funds from operations] base, the dividend has a higher risk, above 108%, which suggests that this REIT is a “zero return”… I would be careful to jump in that frying pan when you know it will most likely burn you.

About 90 days later, management announced a massive 61% dividend cut. The quarterly cash out went from $0.39 per share to just $0.15 per share.

The point I want to make here is that many “big dividends” can be dangerous. That’s why it’s important to always do research when selecting stocks for your portfolio.

This is especially true these days in the residential mortgage REIT ((mREIT)) sector. We recommend avoiding names such as Annaly Capital Management, Inc. (NLY), which we said in March should be avoided at all costs.

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Yahoo finance

I also beat the table about Global Net Lease, Inc. (LNG). This externally managed net lease REIT crashed in 2022, with shares down 26%.

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Yahoo finance

And no, this is not a buying opportunity.

In March 2020, I explained that GNL:

“…the equity multiple is 11.4%, almost 3 times that of peers. This means he is forced to buy lower quality properties or invest in properties with shorter lease terms. So, as Mr. Market pointed out, the payout ratio remains tight, especially for a REIT invested more than 40% in office properties. »

Yes, an 11% dividend yield is intoxicating. But it will take 2.5 years of dividends to recoup this year’s paper losses so far.

There is absolutely no way this big dividend is safe. Not even close.

But that doesn’t mean there aren’t other opportunities out there that are…

SACH: 9.5% dividend yield

Sachem Capital Corp. (SACH) is a commercial MREIT specializing in the origination of short-term, high-yield real estate loans. Historically, it targets the fix-and-flip and property development markets.

All of its loans are secured by first mortgages with maximum conservative loan-to-value ratios of 70%. And they all require a personal guarantee by the principals of the borrowers.

One of SACH’s key differentiators is its agile approach to origination. The company can close a loan in just five days…compared to competitors taking over six months.

This is because due diligence is more focused on the value of the collateral than on real estate cash flows or borrower credit.

SACH continues to diversify its holdings, including larger loans from established developers. And it’s also expanding its lending operations across the United States.

The FPI has a presence in 14 states, with a heavy concentration along the East Coast.

In Q1-22, it generated approximately $10.3 million in revenue, up approximately $4.6 million from Q1-21, or 80.3%. This jump is mainly attributable to an increase in lending transactions.

Net income was approximately $3.4 million, or $0.10 per share. That’s about $2.2 million, or $0.10 per share for Q1-21.

Adjusted earnings, meanwhile, were $4.5 million, or $0.13 per share, compared to $2.2 million, or $0.10 per share.

At $0.13 per share, SACH was able to maintain its dividend of $0.12 per share and there is a bit left. Keep in mind that most mREITs pay out 100% of their base earnings.

We therefore consider SACH’s 9.5% dividend yield to be safe, all things considered.

Keep in mind that this is a small cap with a market share of $182 million. It is therefore much more sensitive to mood swings in the market.

There are also only four analysts following it, but their consensus growth estimates are very attractive:

  • 19% in 2022;
  • 25% in 2023.

And our conservative model has SACH returning 30% over the next 12 months. We are happy to hold a healthy portion of it in our small cap portfolio, recognizing that it is designed for higher risk profiles.

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KREF: 8.5% dividend yield

KKR Real Estate Financing Trust Inc. (KREF), another commercial MREIT, has a purpose-built wallet. Ninety-nine percent are senior secured loans and 74% belong to the multi-family and office sub-sectors.

Its $6.8 billion loan portfolio is positioned in the most liquid real estate markets with an average loan size of approximately $131 million.

KREF is managed externally by KKR & Co. Inc. (KKR), which also owns 23%. We see that as a positive, along with his deep experience as a private equity sponsor. (It has $471 billion in assets under management overseen by 135 real estate professionals.)

As black stonemonitoring (BX) of Blackstone Mortgage Trust (BXMT), KREF’s access to KKR’s broader credit platform is a huge competitive advantage. It is easily large enough to justify most of the fees paid to the external advisor.

And that’s not to mention the sourcing, underwriting and fulfillment benefits that this partnership brings to KREF.

In Q1-21, the smaller REIT issued three senior loans totaling $534.5 million. Their weighted average assessed loan-to-value (LTV) ratio was 69%. And their coupon was LIBOR +3.4%.

This level of leverage is around 500 basis points higher than BXMT – which we consider a closer peer than the most diversified Starwood Real Estate Trust (STWD) – but still within the “safe zone” of less than 70%.

KREF’s $5.3 billion portfolio is 97.8% performing loans with a weighted average risk rating of 3.1 (on a five-point scale). This matches its risk ratings in Q3 and Q4-20.

Also keep in mind that hospitality and retail loans make up around 6% of the portfolio. This is the lowest amount in its peer group, excluding Broadmark Real Estate (BRMK).

KREF Suite

KREF also has strong liquidity of $571.1 million. This includes $209.3 million in cash and $335 million in spare capacity on its corporate revolving credit facility.

Since listing, it has maintained prudent risk management practices generally targeting a 3x to 4x leverage ratio on new senior loans. And we expect its total leverage ratio to stay within that range over the next few quarters.

As for its debt ratio, it should be in the low range of 2x.

Subsequent to quarter end, KREF issued 6.9 million Series A 6.5% Cumulative Redeemable Preferred Shares at a liquidation price of $25 each. The result was net proceeds of $167.1 million.

It also generated net income of $29.2 million, or $0.52 per diluted share of common stock, for the quarter. That’s slightly better than the $28.8 million, or $0.52 per share, it brought in for Q4-20.

And distributable income was $29.8 million, or $0.47 per share, covering the dividend of $0.43.

In mid-April, KREF paid a cash dividend of $0.43 from the first quarter. Another thing to know is that the dividend reflected an annualized return of 8.5% at last check.

The shares are now trading at $20.46, with a price-to-earnings (P/E) ratio of 12.1x and a dividend yield of 8.4%. While we think its “big” dividend is safe, we consider it more suited to your high yield enhancement strategy, and not so much a total return game.

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Don’t be too cute, friends…

I want to be clear: I am not advocating “big safe” dividend yield choices for everyone. As I explain in The smart REIT investor’s guide:

“A REIT that returns 10% almost always means that investors perceive very little growth, or even worse, a potential reduction in dividends.”

But I put my money where my mouth is. Most of the REITs I own (and recommend) will, over many years, show 6-10% annual FFO growth.

My personal investment strategy is to anchor my portfolio with safe dividend growth stocks…and then include a narrower mix of “big safe” dividend names as yield enhancers.

This is my “anchor and buoy” plan: a strategy that has worked well for me. For proof, look at the annual returns of around 20% of the sustainable income portfolio since 2013.

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Of course, I encourage readers not to put all their eggs in one basket.. And if I can save you from sinking ships, I’ve done my job.

There’s nothing wrong with owning “big safe” dividend stocks. Do not forget that :

“Companies that fall under the definition of ‘zero return’ typically have unpredictable and unreliable earnings histories with dangerous dividend payouts.”

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How to Get a Mobile Home Loan in 5 Easy Steps https://piazzaduomo2.com/how-to-get-a-mobile-home-loan-in-5-easy-steps/ Tue, 24 May 2022 22:59:22 +0000 https://piazzaduomo2.com/how-to-get-a-mobile-home-loan-in-5-easy-steps/ Photo: depotphotos.com A new manufactured home costs an average of $76,400 for a single build in November 2021 and $139,900 for a double size during the same period, according to the United States Census Bureau. For anyone considering buying a mobile home, this is good information to have, and luckily there are loans available to […]]]>

Photo: depotphotos.com

A new manufactured home costs an average of $76,400 for a single build in November 2021 and $139,900 for a double size during the same period, according to the United States Census Bureau. For anyone considering buying a mobile home, this is good information to have, and luckily there are loans available to help people out. finance a mobile or prefabricated home. Is it difficult to get a loan for a mobile home? This may depend on each buyer’s specific situation. It’s important for mobile home buyers to know what types of loans are available, how to assess their finances to determine what types of loans are available, and how to find and apply for the best mobile home loans. Follow the steps below, which will show you how to buy a mobile home using a loan.

Before you start…

The difference between a mobile home and a manufactured home can be a common point of confusion for buyers, but the difference is actually quite simple. To qualify as a mobile home, it must have been factory built prior to the introduction of the National Mobile Home Building and Safety Standards Act of 1974 and the HUD Manufactured Home Building and Safety Standards introduced in 1976. Prefabricated houses are those that have been manufactured in a factory. -built after 1976 once the new safety standards were officially in place. Lenders tend to avoid financing pre-1976 mobile homes because they are less secure and there is a higher chance of the home being damaged or destroyed. However, despite the difference, the terms “mobile home” and “manufactured home” are often used interchangeably.

It is also important to note that a mobile home loan is different from a traditional home loan. For example, some programs may have stricter income limits. The house may also have to meet certain criteria. For example, if the house is on wheels, it may be considered a vehicle, which may affect the type of loan. There may also be size requirements for the house and different classifications based on the foundation, just for starters.

STEP 1: Assess your finances and determine a flexible budget.

Mobile home buyers wondering how to get a mobile home loan can start by assessing their finances. They can start by looking at their credit score, as this can affect the types of loans they qualify for and can have a direct influence on the interest rates they will pay. In general, the higher a person’s credit score, the lower the interest rates they can qualify for. Borrowers should also see how much they can reasonably spend on a down payment. Another important factor is to look at the debt-to-income ratio (DTI), which compares the borrower’s current debt amount to their regular monthly income. The borrower should assess whether he can afford the loan repayments based on the amount of money he is bringing in and the amount of debt he is currently repaying, and in cases where the borrower has a high DTI, he may find it much more difficult or even impossible to obtain a loan. Borrowers can use an online home loan calculator to find out how loan costs and interest rate variables will fit into their current budget.

If the borrower finds that he is not in a good financial position to take out a loan, he can try to resolve any problems before applying for a loan. Options may include consolidating debt, adjusting lifestyles to budgets, or finding ways to generate additional income.

How to Get a Mobile Home Loan

Photo: depotphotos.com

STEP 2: Learn about the types of mobile home loans available and their costs.

Buyers looking for financing for a mobile home should take the time to familiarize themselves with all the types of loans available in order to find the option that is best for them. Surprisingly, some mobile or manufactured homes may actually qualify for more traditional home loans. They often have to meet certain criteria, including meeting specific size requirements, the borrower owning rather than renting the land, the home having a permanent frame, and whether the home qualifies as personal property or real estate at tax purposes. The Fannie Mae and Freddie Mac programs are examples of conventional loans that can cover manufactured homes.

Government loan programs through FHA, VA and USDA may also cover manufactured homes. There are also chattel mortgages, sometimes called chattel loans, which are specifically created for the purpose of creating a loan for manufactured homes and other chattels. Finally, another common option is to look into personal loans, although these often come with much higher interest rates. Vendor/manufacturer financing can also help someone get a mobile home.

STEP 3: Determine if you need a loan for the land only, the mobile home only or both.

Remember that people who live in mobile or manufactured homes often have to cover the cost of the land itself. Sometimes the land can be leased for a certain amount each month, but if the land is leased, it may affect the borrower’s eligibility for certain types of loans. For example, people looking for loans for mobile homes in parks might need to look into specific types of loans.

Some loans can cover both the purchase of the land and the mobile home. An example of this is a personal loan, which provides a fixed amount of money for the borrower to do whatever they want, or an FHA Title I loan, which can finance the purchase of the house only, the land only or both. and the batch. Alternatively, the finance appraisal may show that the borrower could directly pay for the land or mobile home while financing the other. Borrowers can also work with banks that finance mobile homes with land or look for loan types that focus on financing a mobile home with land that has been purchased (not leased), such as an FHA Title II loan. , which requires that the house be permanently attached to land owned by the borrower.

How to Get a Mobile Home Loan

Photo: depotphotos.com

STEP 4: Request and compare quotes from potential lenders.

The next step is for the borrower to contact lenders who offer the type of loan they need. The location of these loans depends on the type of loan the borrower has determined is the right one for them. For example, many credit card companies offer personal loans. Those looking for more conventional types of home loans may want to check with banks, credit unions, or other financial institutions.

A borrower can also choose to get quotes for different types of loans to narrow down the loans that suit them. Some websites may also offer the ability for a potential borrower to compare loan quotes side-by-side. It’s important to note that quotes are often no obligation and are usually free, so borrowers should generally be wary of lenders who want a commitment right away.

STEP 5: Apply for a loan from the provider of your choice.

The final step is to apply for a loan from the provider that offers the most attractive loan terms and rates. The borrower can also check with lenders on how to get pre-approved for a mobile home loan. It is important to work closely with agents or credit professionals to ensure that all documents are in order. The loan application may require a wide variety of detailed documents, such as recent pay stubs to provide proof of income, tax returns, bank statements, proof of identity and the loan application, for some examples . It is common for loan applications to also require proof of credit history. All of this paperwork is to ensure that the borrower can repay the loan and that the lender is not taking an unreasonable risk in granting a loan.

By following these five steps, mobile home buyers should be able to find the right mobile home loan for their financial situation. Remember to get a loan only from reputable lenders, such as well-known financial institutions, government programs, well-known personal lenders, or programs related to the manufacturer of the manufactured home. Even if a company seems well known, it’s a good idea to check its background with consumer bureaus or organizations such as the Better Business Bureau and Consumer Reports. Beware of finding a lender using search terms such as “mobile home loans with bad credit, guaranteed approval”.

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How to Cancel Your Social Security Claim in 4 Steps https://piazzaduomo2.com/how-to-cancel-your-social-security-claim-in-4-steps/ Mon, 23 May 2022 13:39:16 +0000 https://piazzaduomo2.com/how-to-cancel-your-social-security-claim-in-4-steps/ Andrii Zastrozhnov / Shutterstock.com What if you signed up for Social Security benefits and now regret the decision? Is a “redo” possible? Say, for example, you didn’t work during the pandemic and you applied for Social Security because you needed that income. Now you’re able to get back to work, and you want your Social […]]]>
Andrii Zastrozhnov / Shutterstock.com

What if you signed up for Social Security benefits and now regret the decision? Is a “redo” possible?

Say, for example, you didn’t work during the pandemic and you applied for Social Security because you needed that income. Now you’re able to get back to work, and you want your Social Security benefits to keep growing so your retirement checks are bigger.

Can you stop taking advantage and register again later? Yes, some people – but not everyone – can do this.

We asked Russell Settle, an expert on Social Security claim strategies, how this option — known as withdraw your request for retirement from Social Security — is working, and who is eligible. Settle is a partner with Social Security Choices, a company that helps workers plan how to maximize benefits.

Settle recommends following these steps if you plan to withdraw your application.

1. Get to know the rules

Businessman reading documents
Olena Yakobchuk / Shutterstock.com

First, find out if you are eligible and how withdrawal would affect you.

Call your local Social Security office and ask what is at stake. Here are some basic rules:

  • Not everyone is eligible. “Under current law, you have 12 months once you start receiving your benefits to change your mind,” Settle says. If you are not eligible for withdrawal, another option — benefits “suspended” – might work for you.
  • It will cost you. You will have to repay the money you received from Social Security. This includes:
    • Monthly Social Security retirement checks you received
    • Health insurance premiums withheld from benefit checks
    • Money your family, including a spouse or children, received based on your Social Security application
    • Income tax withheld from your benefit checks
    • Money seized from benefit checks to make court-ordered payments for child support, alimony, or restitution to victims, or to reimburse some debts you had to the federal government
  • Only one retake is allowed. Alone a withdrawal social security is allowed in life. Before 2010, things were different. At that point, you can start, stop (paying back what you received) and start again as many times as you want. This allowed you to deal with Social Security, “essentially, (like) an interest-free loan that you could start over with a higher benefit,” Settle says.
  • Your health insurance may be affected. Social security and health insurance are closely linked. If your Medicare Part B premiums are paid from your Social Security checks, you’ll have to pay those premiums out of pocket after withdrawal. Settle recommends setting up automatic payment with your bank because you could lose Medicare Part B coverage if payments expire.
  • You could lose your SSI. Withdrawing from Social Security could disqualify you from Supplemental Security Income (SSI) disability benefits.

2. Download the form

Elderly man working on a laptop
Monkey Business Images / Shutterstock.com

Applying isn’t difficult, Settle says. Just find the simple two-page form on the Social Security website, Form SSA-521.

Download and print the form.

3. Complete the form

Happy senior couple using computer at home
Goksi / Shutterstock.com

Fill in the form. It asks you what kind of benefit you’re opting out of — Social Security, in this case — and asks if you want to continue using Medicare.

You will also be asked to give a reason for withdrawing – that you want to continue working, for example.

Print it and send it to your local social security office. “Keep a copy for sure,” advises Settle.

4. Be patient

Worried elderly woman
fizkes / Shutterstock.com

Now all you have to do is wait. “Social Security will contact you and ask you to pay back the money they gave you,” Settle says.

It’s hard to predict how long that might take. “With Social Security, it’s so specific to the office you’re dealing with,” Settle says. “My local office seems to be very efficient. I’ve heard horror stories about other places, though. The social security system, in general, is overburdened and underfunded, and some staff members are not well trained, in Settle’s experience.

One last thing: what if you change your mind and decide not to opt out of Social Security after all?

It is possible to cancel your request, but act quickly. Contact your local office immediately to find out how to proceed. Social Security will allow beneficiaries to cancel an approved withdrawal request without penalty only within 60 days from the date your withdrawal was approved.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

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GENERATION INCOME PROPERTIES, INC. e.g. entering into a material definitive agreement, completing the acquisition or disposal of assets, creating a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, disclosure of settlement FD, Financial Statements and Supporting Documents (Form 8-K) https://piazzaduomo2.com/generation-income-properties-inc-e-g-entering-into-a-material-definitive-agreement-completing-the-acquisition-or-disposal-of-assets-creating-a-direct-financial-obligation-or-an-obligation-under/ Thu, 19 May 2022 21:31:08 +0000 https://piazzaduomo2.com/generation-income-properties-inc-e-g-entering-into-a-material-definitive-agreement-completing-the-acquisition-or-disposal-of-assets-creating-a-direct-financial-obligation-or-an-obligation-under/ Item 1.01. Entry into the material definitive agreement. The information discussed in Sections 2.01 and 2.03 of this Current Report on Form 8-K is incorporated by reference into this Section 1.01. Section 2.01. Completion of acquisition or disposal of assets. Colorado Property On December 28, 2021, Generation Income Properties, L.P., the operating partnership (the "Operating […]]]>

Item 1.01. Entry into the material definitive agreement.

The information discussed in Sections 2.01 and 2.03 of this Current Report on Form 8-K is incorporated by reference into this Section 1.01.

Section 2.01. Completion of acquisition or disposal of assets.

Colorado Property


On December 28, 2021, Generation Income Properties, L.P., the operating
partnership (the "Operating Partnership") of Generation Income Properties, Inc.
(the "Company"), through a single purpose limited liability company (the
"Colorado SPE") of which the Company owns 100% of the membership interests,
completed the acquisition of a 30,700 square-foot, single-tenant retail property
in Grand Junction, Colorado (the "Colorado Property"). The Operating Partnership
entered into a Purchase and Sale Agreement, dated October 28, 2021, with OREOF19
BR, LLC, a Delaware limited liability company, for the purchase of the Colorado
Property at a purchase price of approximately $4,700,000, excluding transaction
costs (the "Colorado Purchase and Sale Agreement"), which was amended on
December 10, 2021 (the "Colorado First Amendment"). Pursuant to an Assignment
and Assumption of Purchase and Sale Agreement, effective as of December 23, 2021
(the "Colorado Assignment Agreement"), the Operating Partnership assigned, and
the Colorado SPE assumed, all of the Operating Partnership's right, title and
interest in and under the Colorado Purchase and Sale Agreement and Colorado
First Amendment, giving the Colorado SPE the right to acquire the Colorado
Property pursuant to the Colorado Purchase and Sale Agreement. The seller of the
Colorado Property is not affiliated with the Company or any of the Company's
affiliates. The purchase price of the Colorado Property and related transaction
costs were funded using cash on hand of approximately $2,350,000 from the
Company's initial public offering, which closed in September 2021, and
approximately $2,350,000 of debt financing, as discussed below in Item 2.03.

The Colorado Property is 100% leased to Best Buy Stores, L.P., a Virginia
limited partnership, pursuant to a lease, dated as of February 27, 2006, between
TOYS R US as landlord, and Best Buy Stores, L.P., as tenant, as amended by that
certain first amendment to lease, dated May 19, 2021 (the "Colorado Lease"). The
obligations of Best Buy Stores, L.P. under the Colorado Lease are guaranteed by
Best Buy Co., Inc., a Minnesota corporation, pursuant to a Guaranty, dated
February 27, 2006 (the "Best Buy Guaranty"). The term of the Colorado Lease in
effect at the time of acquisition commenced on May 1, 2021 and ended on March
31, 2022. The first extended lease term of the Colorado Lease commenced on April
1, 2022 and ends on March 31, 2027, with a second option to renew for a
five-year term. Under the Colorado Lease, Best Buy Stores, L.P. is responsible
for operating expenses, real estate taxes, insurance, repairs, maintenance and
capital expenditures, in addition to base rent. In connection with the
acquisition of the Colorado Property, the Colorado SPE entered into an
Assignment and Assumption of Lease, Security Deposit and Guaranty ("Assignment
and Assumption of Colorado Lease") with the seller of the Colorado Property,
dated December 28, 2021, pursuant to which the seller assigned and the Colorado
SPE assumed all of the seller's rights and obligations under the Colorado Lease
and related Best Buy Guaranty.

The following table provides certain information about the Colorado Property and
the Colorado Lease:

                                                                            Annualized            Tenant
                        Property     Lease Expiration     Rentable         Base Rent in          Renewal
  Property Type         Location           Date          Square Feet           2022             Options(1)
    Retail          Grand Junction,     3/31/2027          30,700         $353,061                 One,
                    Colorado                                                                    five-year
                                                                                                 renewal
                                                                                                  option
                                                                                                remaining



________________

(1) The annualized base rent increases to $388,368 when exercising the renewal

start of option April 1, 2027.




The foregoing descriptions of the Colorado Purchase and Sale Agreement, Colorado
First Amendment, Colorado Assignment Agreement, Colorado Lease, Best Buy
Guaranty, and Assignment and Assumption of Colorado Lease are only summaries and
are qualified in their entirety by reference to the complete text of such
documents, which are attached as Exhibits.

Illinois Property


On January 7, 2022, the Operating Partnership of the Company, through a single
purpose limited liability company (the "Illinois SPE") of which the Company owns
100% of the membership interests, completed the acquisition of a 10,900
square-foot, single-tenant medical retail property in Chicago, Illinois (the
"Illinois Property"). The Operating Partnership entered into a Purchase and Sale
Agreement, dated October 27, 2021, with Elliott Bay Healthcare Realty, LLC, a
Delaware limited liability company, for the purchase of the Illinois Property at
a purchase price of approximately $3,100,000, excluding transaction costs (the
"Illinois Purchase and Sale Agreement"), which was amended on December 10, 2021
(the "Illinois First Amendment"). Pursuant to an Assignment and Assumption of
Purchase


--------------------------------------------------------------------------------

and Sale Agreement, effective as of December 23, 2021 (the "Illinois Assignment
Agreement"), the Operating Partnership assigned, and the Illinois SPE assumed,
all of the Operating Partnership's right, title and interest in and under the
Illinois Purchase and Sale Agreement and Illinois First Amendment, giving the
Illinois SPE the right to acquire the Illinois Property pursuant to the Illinois
Purchase and Sale Agreement. Elliott Bay Healthcare Realty, LLC and the Illinois
SPE entered into a Second Amendment to the Illinois Purchase and Sale Agreement,
dated January 3, 2022 (the "Illinois Second Amendment"). The seller of the
Illinois Property is not affiliated with the Company or any of the Company's
affiliates. The Operating Partnership funded the purchase price of the Illinois
Property and related transaction costs using cash on hand of approximately
$1,550,000 from the Company's initial public offering, which closed in September
2021, and approximately $1,550,000 of debt financing, as discussed below in Item
2.03.

The Illinois Property is 100% leased to WSKC Dialysis Services, Inc., an
Illinois corporation, pursuant to a lease, dated as of January 24, 2006, as
amended on August 16, 2016, and on November 13, 2020, between Elliott Bay
Healthcare Realty, LLC, as landlord, and WSKC Dialysis Services, Inc., as tenant
(the "Illinois Lease"). The obligations of WSKC Dialysis Services, Inc. under
the Illinois Lease are guaranteed by Fresenius Medical Care Holdings, Inc., a
New York corporation, pursuant to a Guaranty, dated January 24, 2006 (the
"Fresenius Guaranty"). The current term of the Illinois Lease at the time of
acquisition commenced on November 1, 2021 and expires on October 31, 2026, with
. . .


Section 2.03. Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.

Colorado Property Financing


The Operating Partnership partially financed the acquisition of the Colorado
Property with its existing Master Credit Facility with American Momentum Bank
(the "Lender"), dated October 26, 2021 (the "Credit Facility"). In connection
with the acquisition of the Property, the Colorado SPE entered into a loan
agreement and related promissory note on December 28, 2021, for $2,350,000
pursuant to the Credit Facility (the "Colorado Loan"). The Colorado Loan accrues
interest at a variable rate equal to the Wall Street Journal Prime rate,
adjusted monthly, subject to a floor interest rate of 3.25% per annum. The
Colorado Loan has an interest-only payment term for twenty-four
months commencing January 28, 2022, and all interest and principal outstanding
is due and payable in full on December 28, 2023. The Colorado Loan permits full
or partial prepayment without penalty. The Colorado Loan is secured by the
Colorado Property and the associated rental income. Payment is guaranteed by the
Operating Partnership and David Sobelman, the Company's Chairman, President and
Chief Executive Officer. The Colorado Loan also provides that as of December 31,
2022 and continuing on the same date of each year thereafter, the Colorado SPE,
as borrower, shall have achieved and maintain a debt service coverage ratio of
not less than 1.50 to 1.00 over the remaining term of the Colorado Loan. If, on
any such date, the debt service coverage ratio is less than 1.50 to 1.00, the
Colorado SPE shall be obligated to pay to the Lender, within ten (10) days after
receipt of written notice thereof, a prepayment of principal in an amount such
that after giving effect to such prepayment of principal and re-amortization of
the Colorado Loan, the debt service coverage ratio shall once again be equal to
or greater than 1.50 to 1.00. The Colorado Loan also contains other customary
affirmative covenants, negative covenants and events of default.

The above description of the Colorado Loan is a summary only and is qualified in its entirety by reference to the full text of the promissory note, loan agreement and security, which are attached hereto as as annexes.

————————————————– ——————————

Illinois Property Financing


The Operating Partnership partially financed the acquisition of the Illinois
Property with its Credit Facility. In connection with the acquisition of the
Illinois Property, the Illinois SPE entered into a loan agreement and related
promissory note on January 7, 2022, for $1,550,000 pursuant to the Credit
Facility (the "Illinois Loan"). The Illinois Loan accrues interest at a variable
rate equal to the Wall Street Journal Prime rate, adjusted monthly, subject to a
floor interest rate of 3.25% per annum. The Illinois Loan has an interest-only
payment term for twenty-four months commencing January 2022, and all interest
and principal outstanding is due and payable in full in December 2023. The
Illinois Loan permits full or partial prepayment without penalty. The Illinois
Loan is secured by the Illinois Property and the associated rental
income. Payment is guaranteed by the Operating Partnership and David Sobelman,
the Company's Chairman, President and Chief Executive Officer. The Illinois Loan
also provides that as of December 31, 2022 and continuing on the same date of
each year thereafter, the Illinois SPE, as borrower, shall have achieved and
maintain a debt service coverage ratio of not less than 1.50 to 1.00 over the
remaining term of the Illinois Loan. If, on any such date, the debt service
coverage ratio is less than 1.50 to 1.00, the Illinois SPE shall be obligated to
pay to the Lender, within ten (10) days after receipt of written notice thereof,
a prepayment of principal in an amount such that after giving effect to such
prepayment of principal and re-amortization of the Illinois Loan, the debt
service coverage ratio shall once again be equal to or greater than 1.50 to
1.00. The Illinois Loan also contains other customary affirmative covenants,
negative covenants and events of default.

The above description of the Illinois Loan is a summary only and is qualified in its entirety by reference to the full text of the promissory note, loan agreement and security, which are attached hereto as as annexes.

Section 7.01. FD Regulation Disclosure.


The Company issued a press release on January 4, 2022, announcing the completion
of the acquisition of the Colorado Property and on January 11, 2022, announcing
the completion of the acquisition of the Illinois Property. A copy of such press
releases are attached hereto as Exhibits 99.1 and 99.2 and incorporated herein
by reference.

The information in this Item 7.01 and the related information in Exhibits 99.1
and 99.2 attached hereto shall not be deemed "filed" for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or
otherwise subject to the liabilities of that section and shall not be deemed
incorporated by reference in any filing made by the Company under the Securities
Act of 1933, as amended or the Exchange Act except as set forth by specific
reference in such filing.


Item 9.01 Financial statements and supporting documents


The historical financial statements listed in Item 9.01(a) present the results
of operations of each of the Colorado Property and the Illinois Property during
periods prior to their acquisition by us and exclude, as permitted by
Rule 3-14 of Regulation S-X, items of expense which we expect may not be
comparable to our expected future operations.


(a) Financial statements of acquired businesses.

The following Colorado Property financial statements are attached hereto as Exhibit 99.3 and incorporated herein by reference:


Independent Auditor's Report
Statement of Revenues and Certain Operating Expenses for the for the nine months
ended September 30, 2021 (audited)
Notes to Statement of Revenues and Certain Operating Expenses


The following financial statements of the Illinois Property are attached hereto as Exhibit 99.4 and incorporated herein by reference:


Independent Auditor's Report
Statement of Revenues and Certain Operating Expenses for the for the year ended
December 31, 2021 (audited)
Notes to Statement of Revenues and Certain Operating Expenses


  (b) Pro Forma Financial Information.




--------------------------------------------------------------------------------

The Company’s unaudited pro forma consolidated statement of income giving effect to the acquisitions of each of the Colorado properties and the Illinois property as if such acquisitions had occurred on January 1, 2021 is attached as Exhibit 99.5 and incorporated by reference herein.

The Company’s unaudited pro forma balance sheet giving effect to the acquisitions of the Illinois property as if the acquisition had occurred on December 31, 2021 is attached as Exhibit 99.5 and incorporated by reference herein.


The Unaudited Pro Forma Statement of Taxable Operating Results and Cash to be
Made Available by Operations for the Company giving effect to the acquisitions
of the Colorado and Illinois Property as if such acquisitions occurred on
January 1, 2021 is attached as Exhibit 99.5 and incorporated by reference
herein.

(c) Exhibits


The exhibits filed as part of this Current Report on Form 8-K are identified in
the Exhibit Index immediately following the signature page of this report. Such
Exhibit Index is incorporated herein by reference.





--------------------------------------------------------------------------------

                                 Exhibit Index

Exhibit
  No.     Description

 10.1       Purchase and Sale Agreement, dated October 28, 2021, between

Generation Income Properties, LP and OREOF19 BR, LLC. (incorporated by

          reference to Exhibit 10.1 of the Company's Form 10-Q filed on May 16,
          2022).

 10.2       First Amendment to Purchase and Sale Agreement, effective as of
          December 10, 2021, between Generation Income Properties, LP and OREOF19

BR, LLC. (incorporated by reference in Schedule 10.2 of the Company

Form 10-Q filed on May 162022).

10.3 Assignment and assumption of the contract of purchase and sale, from

of December 23, 2021by and between Generation Income Properties, LP

and GIPCO 585 24 ½ ROAD, LLC. (incorporated by reference to Exhibit 10.3

          of the Company's Form 10-Q filed on May 16, 2022).

 10.4       Lease Agreement, dated as of February 27, 2006, between OREOF19 BR,

LLC, as owner, and Best Buy Stores, LPas lessee, as amended by

that certain first amendment to the lease, dated May 19, 2021. (embedded

          by reference to Exhibit 10.4 of the Company's Form 10-Q filed on May 16,
          2022).

 10.5       Guaranty, dated February 27, 2006, by Best Buy Co., Inc. in favor of
          OREOF BR, LLC. (incorporated by reference to Exhibit 10.5 of the
          Company's Form 10-Q filed on May 16, 2022).

 10.6       Purchase and Sale Agreement, dated October 27, 2021, between

Generation Income Properties, LP and Elliott Bay Healthcare Realty, LLC.

          (incorporated by reference to Exhibit 10.6 of the Company's Form 10-Q
          filed on May 16, 2022).

 10.7       First Amendment to Purchase and Sale Agreement, dated December 10,
          2021, between Generation Income Properties, LP and Elliott Bay

Health Real Estate, LLC. (incorporated by reference into exhibit 10.7 of the

the company’s Form 10-Q filed on May 162022).

10.8 Assignment and assumption of the contract of purchase and sale, as of

of December 23, 2021by and between Generation Income Properties, LP

          and GIPIL 3134 W 76th Street, LLC. (incorporated by reference to Exhibit
          10.8 of the Company's Form 10-Q filed on May 16, 2022).

 10.9       Second Amendment to Purchase and Sale Agreement, effective as of
          January 3, 2022, between Elliott Bay Healthcare Realty, LLC and GIPIL
          3134 W 76th Street, LLC. (incorporated by reference to Exhibit 10.9 of
          the Company's Form 10-Q filed on May 16, 2022).

 10.10      Lease Agreement, dated as of January 24, 2006, between Elliott Bay
          Healthcare Realty, LLC, as landlord, and WSKC Dialysis Services, Inc.,
          as tenant, as amended on August 16, 2016, and on November 13, 2020  .

10.11 Assignment and assumption of the lease, security deposit and surety,

          dated December 28, 2022, by and between OREOF19 BR, LLC and GIPCO 585 24
          1/2 Road, LLC.
 10.12      Promissory Note, dated December 28, 2021, issued by GIPCO 585 24 ½
          ROAD, LLC, as borrower, in favor of American Momentum Bank, as lender.

Warranty, dated January 24, 2006by Fresenius Medical Care Holdings,

Inc. in favor of Elliott Bay Healthcare Realty, LLC. (incorporated by

          reference to Exhibit 10.12 of the Company's Form 10-Q filed on May 16,
          2022).

10.13 Loan Agreement, dated December 28, 2021by and between GIPCO 585 24 ½

ROAD, LLC and Momentum American Bank. Warranty, dated January 24, 2006,

by Fresenius Medical Care Holdings, Inc. in favor of Elliott Bay

Health Real Estate, LLC. (incorporated by reference into exhibit 10.13 of the

the company’s Form 10-Q filed on May 162022).

10.14 Absolute Guarantee of Payment and Performance, dated December 28, 2021,

by David Sobelman and Income Property GenerationPL in favor of

Momentum American Bank. (incorporated by reference into exhibit 10.14 of the

          the Company's Form 10-Q filed on May 16, 2022).

 10.15      Promissory Note, dated [December 28, 2021], issued by GIPIL 3134 W

76th streetLLC, as borrower, in favor of Momentum American Bankas

lender. (incorporated by reference to exhibit 10.15 of the report of the company

          Form 10-Q filed on May 16, 2022).



--------------------------------------------------------------------------------

10.16 Loan Agreement, dated January 7, 2021by and between GIPIL 3134 W

76th streetLLC and Momentum American Bank. (incorporated by reference

        to Exhibit 10.16 of the Company's Form 10-Q filed on May 16, 2022).
10.17     Absolute Guaranty of Payment and Performance, dated [December 28,
        2021], by David Sobelman and Generation Income Properties, LP in favor
        of American Momentum Bank. (incorporated by reference to Exhibit 10.17
        of the Company's Form 10-Q filed on May 16, 2022).

99.1      Press Release dated January 4, 2022.

99.2      Press Release dated January 11, 2022.

99.3*     Financial Statements of the Colorado Property.

99.4*     Financial Statements of the Illinois Property  .

99.5*     Unaudited Pro Forma Consolidated Financial Statements  .

 104    Cover Page Interactive Data File (embedded within the Inline XBRL
        document).

        * Filed herewith

        ** Certain schedules have been omitted from this Exhibit pursuant to
        Item 601(a)(5) of Regulation S-K. The Company will furnish a copy of the
        omitted schedule to the U.S. Securities and Exchange Commission or its
        staff upon request.





————————————————– ——————————

© Edgar Online, source Previews

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Free refinancing | Two Refi options with no closing costs https://piazzaduomo2.com/free-refinancing-two-refi-options-with-no-closing-costs/ Mon, 16 May 2022 11:32:49 +0000 https://piazzaduomo2.com/free-refinancing-two-refi-options-with-no-closing-costs/ Explore no-fee refinancing No-cost refinancing can reduce or eliminate your initial closing costs. This does not mean that you will not have fees when refinancing. On the contrary, you will not pay for them out of pocket. Some homeowners avoid refinancing fees by building them into the loan balance. Others get the lender to cover […]]]>

Explore no-fee refinancing

No-cost refinancing can reduce or eliminate your initial closing costs. This does not mean that you will not have fees when refinancing. On the contrary, you will not pay for them out of pocket.

Some homeowners avoid refinancing fees by building them into the loan balance. Others get the lender to cover their costs in exchange for a higher rate.

Both options have their pros and cons, so take the time to learn about no-cost refinancing methods before you apply.


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Two types of no-fee refinancing

Technically, you cannot refinance without closing costs. There are always associated fees. But you can avoid paying these fees up front by building them into your loan or having the lender pay your fees in exchange for a higher interest rate.

Both no-cost refinancing methods can save you money upfront, but they have unique advantages and disadvantages. Here’s what you need to know about each strategy.

1. Build closing costs into your loan

This type of refinance removes out-of-pocket costs by transferring your closing costs into your mortgage. Keep in mind, however, that this option will increase your mortgage balance. So if your current balance is $200,000 and you owe $5,000 in closing costs, your mortgage balance increases to $205,000. As a result, you’ll have a slightly higher mortgage payment and pay more interest over time.

While this is one way to avoid paying closing costs out of pocket, it’s not an option for everyone.

Generally, your mortgage balance cannot exceed the value of your property. Therefore, this cost-free refinancing only works when borrowers have sufficient home equity.

2. Closing costs paid by the lender in exchange for a higher rate

If you don’t have enough home equity, another option is a lender loan. In this scenario, your mortgage lender pays all or part of your closing costs. In exchange, you pay a slightly higher mortgage rate.

This can be a good solution if you don’t plan on keeping your new mortgage for that long. However, paying a higher rate on your entire loan amount will likely cost you more in the long run than deferring closing costs to your loan balance.

Compare refis with no closing costs

Here’s just one example to show how your long-term mortgage costs might change if you pay closing costs up front, build them into the loan balance, or use lender credit:

Prepaid closing costs Closing costs built into the loan Closing costs paid by the lender
Initial cost $9,000 $0 $0
Amount of the loan $300,000 $309,000 $300,000
Interest rate 4.75% 4.75% 5.25%
Monthly P&I payment $1,565 $1,605 $1,660
Interest paid over 30 years $263,390 $270,160 $296,390

All examples generated with The Mortgage Reports Mortgage Calculator. Interest rates are indicative only. Your own interest rate will be different.

Typical Refinance Costs

Since refinancing replaces an existing mortgage, it’s probably no surprise that you need to fill out a new mortgage application and start the loan process all over again.

Whether it’s a purchase or a refinance, getting a mortgage is not without closing costs. These expenses generally include:

  • Loan origination fees
  • Title search fees
  • Credit application fees
  • Registration fees
  • Evaluation
  • Prepaid elements (taxes and home insurance)

Closing costs vary between 2% and 5% of the loan amount. Some borrowers pay closing costs using their personal funds while others build them into the loan balance or use lender credit to cover their costs in exchange for a slightly higher rate.

Is no cost refinancing a good idea?

In all honesty, it depends on the situation and the preferences of the borrower.

The benefit of no-cost refinancing is the ability to save money upfront. It is therefore a good idea if you do not have enough money in savings to cover your refinancing costs, or if you prefer not to touch your savings.

Keep in mind, however, that you will end up with a larger loan or a higher rate. So a no-fee refi only makes sense if you can afford a higher payment.

If you have enough savings to pay your closing costs upfront — meaning you’re not draining your savings account on the new loan — consider skipping a no-fee refinance and paying that expense out of your pocket. poached. This translates to the lowest possible monthly payment and you’ll save money in interest in the long run.

Also, if you are considering obtaining credit from a lender, consider your credit score first. If you have good credit, paying a slightly higher rate can still result in favorable terms. But if you have fair or poor credit, a higher rate could significantly increase your monthly payment.

Which type of no-cost refinance is best?

You might accept a lender if you don’t have enough equity to build closing costs into the loan. However, before getting credit from a lender to avoid closing costs, think about how long you will hold onto the new mortgage. A higher rate usually only makes sense when you don’t plan to hold the loan for the long term.

If you’re keeping the mortgage for the foreseeable future, it’s cheaper to pay closing costs up front (if possible). You will pay much less interest in the long term.

Also keep in mind that building closing costs into the loan results in additional interest being paid. Even so, this option can work if you have plenty of equity and aren’t worried about a slightly higher monthly payment.

No-Fee Refinance FAQs

What is a free loan?

A no-cost or no-cost refinance loan eliminates out-of-pocket costs at closing. That doesn’t mean you don’t have closing costs. On the contrary, you do not pay these costs in advance. Options include building closing costs into the loan balance or obtaining credit from the lender in exchange for paying a higher rate. A lender loan involves the lender paying some or all of your closing costs.

Why are closing costs so high when refinancing?

Closing costs cover all the costs necessary to set up your new loan. This includes lender and third party expenses such as loan origination fees, appraisal, title search, credit report fees, prepaid items and registration fees. These must be paid when you refinance, just like when you bought your home, because most of the same steps are required to create the new mortgage.

How to avoid refinancing fees?

There’s no real cost-free refinancing, but you can avoid paying refinance fees up front. Discuss these options with your mortgage lender. If you have enough home equity, one option is to build closing costs into your loan. This results in a higher loan balance. You can also accept a higher mortgage rate so that your lender pays all or part of your closing costs.

Does a cash-in refinance have closing costs?

A cash-out refinance involves replacing an old mortgage with a larger mortgage and then getting the difference in cash. Similar to a term refinance, a cash refinance has closing costs. These include loan origination fees and appraisal fees. Average closing costs range from two to five percent of the loan amount.

Should you include closing costs in a refinance?

Paying your closing costs up front is often cheaper than building them into the mortgage. You will pay less interest over the life of the loan. Even then, it makes sense to include these costs in your loan if you can’t pay up front (and have enough net worth). You cannot get a mortgage greater than the value of your home.

Are refinance closing costs tax deductible?

When refinancing a principal residence, most closing costs are not tax deductible. This includes fees like a home inspection, registration fees, appraisal and attorney fees. You can, however, deduct mortgage interest and property taxes paid at closing. (But only if you itemize your taxes instead of taking the standard deduction.) The rules differ for a rental home; you can deduct closing costs when refinancing an income-generating property.

Is refinancing a home worth it?

Refinancing can lower your mortgage rate and monthly payments and/or allow you to leverage the equity in your home. Before you refinance, however, review your credit score and current mortgage rates. Ideally, your new mortgage rate should be lower. Also think about how long you will keep the new loan. No-cost refinancing typically results in a higher mortgage balance and/or mortgage rate, so paying your closing costs up front is often cheaper in the long run.

Check your free refinancing options

Mortgage and refinance rates rose from all-time lows. But refinancing is still worth it for many homeowners.

If you want to refinance but prefer to avoid upfront costs, talk to a lender about refinancing options with no closing costs.

The information contained on The Mortgage Reports website is provided for informational purposes only and does not constitute advertising for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent company or affiliates.

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Can you buy a car without a license? https://piazzaduomo2.com/can-you-buy-a-car-without-a-license/ Sun, 08 May 2022 18:08:31 +0000 https://piazzaduomo2.com/can-you-buy-a-car-without-a-license/ (iSeeCars) – A valid driver’s license is required to drive a car, but do you need it to buy a car? The answer is no. However, this makes the process of buying a car a bit more difficult. Here’s how you can buy a car without a license: Reasons to buy a car without a […]]]>

(iSeeCars) – A valid driver’s license is required to drive a car, but do you need it to buy a car? The answer is no. However, this makes the process of buying a car a bit more difficult. Here’s how you can buy a car without a license:

Reasons to buy a car without a license

It may seem counterintuitive to buy a car without a license, but there are many scenarios where someone can choose to buy a car without a driver’s license. Some possible scenarios include:

  • You are planning to get your license and you see your dream car before becoming a licensed driver.
  • You offer a car to a member of your family or a friend. In this case, you will need to put the title of the car in the name of the person you are offering the car to.
  • You are a business owner and need a vehicle for professional purposes.
  • You are not able to drive and purchase the vehicle for a caregiver or nanny.
  • A carer will drive the car because you cannot drive due to a disability.
  • You are a car collector or you buy the car as an investment.
  • You buy the car for a minor to practice in with a learner’s permit. Keep in mind that a licensed driver must be in the car with a minor with a learner’s permit.

Do you need a permit to register a car?

A vehicle must be registered in the owner’s name before it can be driven legally on public roads. In order to register a vehicle with the Department of Motor Vehicles (DMV), you need proof of insurance and a valid driver’s license. Since you do not have a driver’s license, you will need to register the vehicle in someone else’s name and make them the title holder. If you buy a vehicle for your business, you can register it under your business name. Keep in mind that some states don’t require you to register vintage or collectible cars, so registration may not be necessary if you’re not driving it on the road.

Can you buy a car if your license is suspended?

If your license is suspended, you will only be able to buy a car in certain states. You may have a provision that allows you to drive in certain circumstances, such as trips to and from work or medical appointments. In many cases, you will be able to buy a car, but you will not be able to get auto insurance or vehicle registration. Having a suspended license will also affect your financing as some lenders will not provide financing to a motorist with a suspended license. Be sure to check with your state’s DMV to understand the rules.

Buy a car without a license

If you buy a vehicle through a dealership or private seller, you will not be able to test drive the vehicle without a license. If you are buying the vehicle for someone else, be sure to take them to test drive the new car or the used car.

Can we finance a car without a licence?

It is possible to finance a car without a license, but the approach will depend on the lender. Many online lenders and car dealerships do not require a valid driver’s license for a car loan. You will just need another form of photo ID, such as a state-issued photo ID. However, some banks and dealerships won’t give you a car loan if you don’t have a license. Keep in mind that credit unions are often more accommodating and will likely be more willing to lend to someone without a license. Bringing the main driver with you when you apply can increase your chances of getting a loan. Other options include paying in cash or with a low interest credit card.

Buy car insurance without a license

In most states, you cannot register a vehicle or obtain license plates without proof of insurance. It is possible for an unlicensed driver to purchase auto insurance, but like every step of the car buying process, it can be difficult. Some insurance agencies won’t give you a policy if you’re not the main driver, so you’ll have to shop around. A workaround is to add a co-owner during the car buying process and have them purchase insurance.

Another way to purchase auto insurance as an uninsured driver is to list yourself as an excluded driver on the policy and name a licensed person as the primary driver. Your insurance policy will be based on information about the licensed operator, so the insurance company will likely look at their credit score or credit report as well as their driving history. Keep in mind that you will pay high premiums if the licensed driver is reckless or dangerous on the road.

The essential

Although it is possible to buy a car without a license, it adds further complications to the already difficult car buying process. Even if you don’t plan to drive the vehicle, it may be worth getting a license for the car buying process if you are able to do so.

About iSeeCars.com

iSeeCars.com is a car search engine which helps shoppers find the best car deals by providing key information and valuable resources, like iSeeCars free VIN check reports and Best cars rankings. iSeeCars.com has saved users over $332 million so far by applying big data analytics powered by over 25 billion data points (and growing) and using proprietary algorithms to analyze , rate and objectively classify millions of new and used cars.

This article, Can you buy a car without a license?originally appeared on iSeeCars.com.

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