Los Angeles Investment Property: Three Ways to Buy Foreclosures


Real estate entrepreneurs or investors know that there is a way for you to get into the business without investing in a lot of money. This best kept secret that is said to be lucrative once you know how is known as the purchasing or acquiring foreclosures. There are ways on how to go about this especially when you are interested in Los Angeles investment property foreclosures. It basically depends on the particular time when you would like to enter into it. Each method has its own merits and success will also depend on your knowledge level or expertise in the real estate business.

1. Purchasing BEFORE a foreclosure auction When you plan to buy a Los Angeles investment property foreclosure and would not want to compete with the more experienced people in the business, it is better to do it during this time. Competition is lesser, and there may even be times that you will have nobody to compete with. A short sale is done when you buy the property even before the foreclosure auction. However, it is also here that profit is minimal since it will depend on the amount that the bank is willing to negotiate. Though competition is lesser, it takes much of your time and effort in order to close the deal. It can also be the most emotional for the property owner or homeowner since they may have the misconception that since it is a transaction before the foreclosure auction, there is still a possibility that they can keep their homes. If you are not the type of person who can squarely face an emotional homeowner after the deal is closed and tell them that they cannot have their property back, then do not go into this method.

2. Purchasing DURING a foreclosure auction The word is already out that the Los Angeles investment property you are interested in is up for grabs. This means that you have to brace yourself for you will definitely encounter tough competition. Competitors will include those who are new in the business and would like to try their hand in buying foreclosures. Banks will also give you a hard time since they would naturally want to acquire or get their properties back. Aside from too much competition, the problem with this method is that you may not have the option to inspect the properties prior to closing the deal. So, you would not really know if you’re going to get a handsome profit for your purchase or if repairs on the property will reduce your profits. Those who are new in the business better stay clear of this method since it may not turn out to be profitable at all.

3. Purchasing AFTER a foreclosure auction This is when the bank was able to buy back the foreclosed property. The property is now termed as REO or Real Estate Owned. This is the method where you have a higher possibility to acquire the Los Angeles investment property that …

The importance of managerial accounting in the workplace


Managerial accounting is concerned with the use of economic and financial information to plan and control many activities of an entity and to support the management decision course. Management accountants play important roles more specifically in planning & coordination with production, marketing and financial functions. A subset of the managerial accounting profession is cost accounting which relates to the determination and accumulation of products, processes, or service costs. Management and cost accountants are focused on the internal aspects of a business to keep it efficiently running and profitable.

Managerial and cost accountants use a lot of the same data used by financial accountants. The difference lies in the fact that the data used for managerial accounting is more likely to be used for a future orientated purpose whereas the financial accounting process is showing what has already taken place. Examples of future orientated planning are budgets, benchmarking, and profit projecting. This also means that managerial accountants can take a more proactive approach when it comes to tackling business and economic troubles that can and due arise for many companies.

Planning is a key part of the management process and although there are many descriptions of that process, a generally accepted definition would include reference to the process of planning, organizing and controlling businesses’ activities so that the organization can achieve its desired outcomes. Being able to anticipate what revenues will be and forecasting the expenses that will be incurred to achieve those revenues are critical activities in the budgeting process. That ability is crucial to many aspects of a company and allows employees’ to make more educated business decisions.

The internal orientation that management accountants have to their companies differs from the predominantly external orientation of financial accounting. Financial accounting is more externally important to such people as investors and shareholders. Management accountants work hand and hand with other internal departments such as merchandising, accounting, marketing, web and more. An example of this would be a managerial accountant working with a merchandiser to figure out how many units of a garment they can purchase in the next year and still have a good profit margin.

The benefit of management accounting is that it is not constrained by generally accepted accounting principles, which means that approximate results can be generated quickly for decision-making activities.  Which means while accuracy is valued in the data, relevance is more important for managerial accounting reporting. This is also helpful because it allows the managerial accountant to adapt to different economic climates, business strategies and departments changing needs.

In order to become a managerial accounting professional a bachelor’s degree with a major in accounting is usually a requirement.  A management accountant should possess great analytic and people skills since they will be dealing with many different people and departments in a professional role. A management accountant may also become a Certified Management Accountant (CMA) by passing a respective board four-part test. The CMA examination is given in a computer-based format using objective questions only. In addition …

David DeAngelo Dating Book Review For Guys

Truth be told, there are a heck of a lot of more singles today than ever! And unlike the previous generation, people are remaining single much longer. Well into their late twenties and thirties.

Of course there are many reasons for that. Like you want to establish your career first before thinking about family. There are many reasons why guys wait until longer. Unfortunately, the longer guys wait, the harder it is for them to get up to speed how to approach and date the women they would like to meet for possible long term relationships or even for marriage.

And that is the reason for David DeAngelo dating book. To help guys get up to speed for dating as quickly and effectively as possible.

You see, as we get older, we get more set in our ways. We find it harder and harder to meet quality folks and even find the time to date them. So if you find yourself alone on the couch watching TV on a Friday or Saturday night, and wonder, "What if?"

Well, instead of wondering, you could become proactive and find ways to get dates so that you can go out and enjoy yourself and even improve your dating life.

The missing ingredients for most guys (if not all) is confidence, social skills and dating skills. And David DeAngelo will absolutely help you with that when you are reading his classic book, Double Your Dating.

I can tell you right off the bat that going to bars, nightclubs and other very public venues to seek for girls to date is much harder than ever. Especially if you have not dated anyone for a while. Some guys get pretty lucky. But my observation has been that most guys do not. It is just too hard to assimilate all the noise and lights in a bar and expect a woman to want to know you a little better.

There is a much, much easier way. And that is to meet women during the daytime when they are more receptive to a sincere guy approaching them cold. It takes guts which is an area that most guys have a problem with. That is where confidence comes in.

And you know something? In spite of the fact that we are blessed with all kinds of modern technology, we are even more alone than ever. And you may even feel that there is no hope for you to ever meet a high quality woman that would love to meet you. Well, I'm telling you that they are absolutely out there. And wondering where the heck are all the good guys?

That would be you! But you need to package yourself so to speak to be the dream guy that girls love. And David DeAngelo says that women are attracted to guys because of behaviors. It is all about how you talk. How you present yourself. And how you respond to situations.

It seems hard but not when you read …

Aggregate Inventory Management

This article is also available on our website: PROACTION – Generating Best Practices. It is an excerpt of a paper originally written by George Miller, Founder of PROACTION. It has been modified and updated by Paul Deis, PROACTION CEO.


In spite of the great advances in industrial management in areas such as JIT, Flow Manufacturing, Lean Manufacturing, MRP/MRPII, ERP and Supply Chain Management, and now, Electronic Commerce, inventory investment management continues to be a major issue for many organizations. Installing the latest software and mouthing the most popular buzzwords is no guarantee of good inventory management. As with almost all Best Practices, it is the effective use of available tools by properly educated and trained people that creates the desired result.

This paper covers how to set up and maintain Aggregate Inventory Management for improved investment and operations management. It is a “macro,” top-down approach that complements a company’s “micro” SKU (part number) level management techniques.

Definition, Goal and Objective

• Definition—the APICS Dictionary defines Aggregate Inventory Management as “Establishing the overall levels of inventory desired and implementing controls to ensure that individual replenishment decisions achieve this goal.”

It includes:

• How to assess overall investment levels and set targets.
• How to identify inventory investment level “drivers” and help control them
• How to link aggregate inventory management “macro” strategy to “micro” controls and develop accountability
• Performance measurements
• Specific techniques, such as ABC analysis, control parameters, inventory buildup charts, and input-output control.

• Goal—Helps manage assets and make money.

• Objective—Optimize inventory levels within the parameters of service, cost, logistics, process and investment objectives/constraints. Inventory management should be exercised to keep the lowest level of inventory consistent with achieving the objectives. Too much inventory reduces Return on Investment and Return on Assets (lower profits). It also tends to increase expenses, in the form of interest payments, handling and storage, management, damage, loss, obsolescence, tracking, taxes, insurance, etc.

Although most managers, accountants and taxing authorities regard inventory as an asset, treating it as such for operational purposes may create liabilities. You have probably heard stories about factories working to “keep people busy” or maximize “efficiency” and other similar nonsense. If they are making inventory that is not needed now, they are often wasting money. If they work just to keep people busy, they are still consuming material, energy and other resources that may not earn adequate profits. They may use resources that could better be used for more immediate and profitable needs. If inventory is deployed improperly, it may create liabilities. A customer of one of our clients had branch managers who would “hoard” products at their remote branches so that they “wouldn’t run out.” This created an excess of material in the wrong places.

How to Assess Inventory Investment Requirements


First, understand market, customer needs and service expectations; your own company needs, expectations, process, abilities; supplier abilities and mindset; industry norms and mindset; world-class best practices.

From this, you should learn how fast and reliably …

Halloween Costume Ideas That Are Fun For the Family

Halloween is a holiday that offers very different types of fun for kids and adults. Finding fun on this October day is not a challenging task. Kids love trick-or-treating and haunted houses. Adults love to hang out, dress up in costumes, watch scary movies, and party like it's 1999. The real chore associated with enjoying your holiday, especially if you have children, is finding something with crossover appeal.

In other words, what activities can bring you together as a family and offer something that is fun that will bridge the generation gap?

Whether you think trick-or-treating is a good time or not, you will not celebrate the holiday with children and avoid it. Besides, who would want to? There is nothing better than helping your children pick out their kids Halloween costumes and watching the joy on their faces as they collect the largest supply of candy in the tri-state area.

Make the experience even more memorable by getting in to the holiday with them. You could choose characters with a common theme and dress the entire family up for a night the little ones will never forget. Why not try your hand as the Fantastic Four or the X-Men? Showing support and involvement in what your kids like is the surest way for you to build their love of the holiday.

Here are some other great ways for you to share in the fun of Halloween as a family:

Star Wars. Dress as the characters from one of the most well-known and beloved film series of our time. This series provides clever ideas for adult Halloween costumes as well as kids Halloween costumes. With characters such as Yoda, Darth Vader, Jango Fett, Luke Skywalker, and Princess Leia, the options are limitless. Go as members of the Rebel Alliance or the darker forces of the Empire. What matters most is that you find common ground, so it will be easier for everyone involved to participate enthusiastically.

Comic books. The X-Men and Fantastic Four aside, there are dozens of other options from the pages of your favorite comic books. You may not have heard of the Justice League, but you probably have heard of its members, such as Wonder Woman, Flash, Green Lantern, Hawkgirl, and Superman. These offer excellent opportunities to stick to a consistent theme as you voyage from door-to-door trick-or-treating, or you seek fun in games and activities at an all-ages Halloween party.

The Incredibles. Relive one of your children's favorite Pixar films with a Halloween dress-up devoted to The Incredibles. With characters such as Mr. Incredible, Elastigirl, Violet, Dash, and Jack Jack, The Incredibles offers a number of fun characters to choose from. And the variety allows you to find the perfect adult Halloween costumes and kids Halloween costumes to keep your holiday on the right path, just in time to save the day.

Participate in Halloween with your kids by finding a consistent theme that will involve all of you. It does not have to be simply …

Buying a Digital Food Scale

Are you tired of looking for means just for you to perfect the recipe you've been experimenting for who-knows-when? Probably the problem is on how you measure your ingredient. In fact, it is a common thing for people to mess with the recipe just because of the failure of following the right quantity of ingredients. So in times like these, you need to have a good quality digital food scale.

In case you are ready to buy one, be reminded that you have to do a careful evaluation of each product you are eyeing on. First of all, check whether it is created by a well known brand. This is not to pay for their expensive prices but this will guarantee that in case a problem happens, you are bound to get the necessary help that you need. Most of these known brands would offer discounts to those customers who found something wrong with their products because they will do their very best just to protect their name.

Another factor to consider is the material which the scale is made of. You are bound to get wide array of kinds in different materials like plastic and stainless steel. It is up to you to decide which one to get. However, it is worth considering if the product you will get is something which can be cleaned easily since you do not want to spend the whole day just figuring how to wash your digital food scale. They may further come in various forms; there are those with flat surface so you can easily place the food while there are other kinds that you might wish to consider as well. More advanced kinds will offer the feature of having the ability to store information; this is great for those who are following a strict diet requirement. …

Mendocino – In and Out of the Movies

More than forty films have been made in the tiny Northern California town of Mendocino. Some of these films are a little dated, “Same Time Next Year,” “The Summer of ’42.” They belong to a time when America was a more distant, glossier place, when both love and travel could evoke glamour and romance and when we thought the global village was probably a ride at Disneyland.

Mendocino belongs to that same time and there is nothing wrong in that. This artists’ colony, a hundred and fifty miles north of San Francisco, has no supermarkets, fast food chains or motels. The town does, however, have Bed and Breakfasts -. They are not cheap – a room costs a minimum of $100 but Mendocino’s location, perched on the cliffs high above the Pacific ocean, makes them some of the most romantic B&Bs in America. And, being Californian B&Bs, hot-tubs and wood-burning fireplaces are as automatic as unlimited coffee with breakfast.

Built by escapees from the bitter Northeastern winters in Maine, the town originally lived off fishing and logging from the surrounding giant redwood forests .Most of the buildings have the white clapboard New England style of architecture. They also film “Murder She Wrote” here but, because of the change from East to West coast, they have to be careful where they situate the sunsets.

Both tourists and fog are drawn to the little town in summer. Better to come in the crisper, brighter autumn or winter. The ocean is the dramatic, turbulent Northern Californian version – excellent for long, bracing hikes along the beach but definitely no swimming or sunbathing. In November, the town holds a Mushroom and Wine Fest with wine and mushroom tastings and fungi forays into the forest. Also in November, when the Arctic grey whales begin their annual migration south, the wooden water towns that are scattered throughout Mendocino provide excellent viewing platforms. In late January come the “Crab and Wine Days” with more tastings and the chance to ride out with the crab fishermen.

In high season, a lot of the B&Bs ask for a minimum three day stay. In such a tiny, secluded, stupendously beautiful spot as this you could easily spend three days just watching that ocean and waiting for the sunset. I started my stay with an hour long walk around the headland, just minutes beyond the shops of Main Street, on precarious cliffs high above dark caves and the smooth beige beach far below.

There are fine hiking trails all around the town but save some time to walk through the spectacular ferns, fuschias and other flora just a few miles north at the Mendocino Coast Botanical Gardens (134 Highway I – tel:707 964 4352) the only public garden in the USA situated directly on the ocean. During the Mushroom and Wine Fest, fungi forays are led through the gardens.

Just a mile or so north of the gardens at Fort Bragg, California Western Railroad’s Skunk Train, with a steam engine on …

Top 10 Web Site Tools(widgets) Every Real Estate Agent should have

Most people come to your website to find information about buying or selling a home. Just admit it, your photo and great website graphics won’t do much unless you have useful content and tools. Plain and simple, they visit your site to find information. The top priority of your web page should be to present important real estate information to your visitors. Your website needs to have tools described below so your visitors won’t leave your web page and look for more information somewhere else . These tools are commonly called as widgets. Widgets are simple HTML codes that you can insert in your web page to place customized functional tools on your website.<!–more–>

  • Easy to use MLS search tool (for Buyers) to find MLS listings. You can frame your broker’s MLS search screens for an easy solution or you can do a full custom IDX implementation which looks much nicer and professional.
  • How much is my home worth? (for Sellers) This is the number one question that all sellers ask to themselves. You need to have an online comparison tool to give them an idea of how much their home might be worth. This way they don’t need to browse away from your site to get this information. You have to indicate that this tool is just a ballpark estimate and that they need to contact you to get an accurate estimate. This can be done by a widget or an API tool from www.zillow.com . The API tools are programming codes to access data from Zillow.com in order to display information on your web page in a very customized fashion. You can see an example of an API implementation on my own website AgentNadia.com. Just enter an address to see the outcome.
  • Contact me tool (for Buyer/Sellers) placed on every page so they won’t need to search around. This should be more than a page that just shows your phone and email. You need to have an option for them to fill out a contact form (make email and/or phone a required field). If visitors do not have access to their email while browsing your site, this form will still let them contact you by filling out their own contact info.
  • Mortgage monthly payment calculator (for Buyers). In order to figure out if they can afford a house people need to know the monthly payment amounts for a particular home. Make sure people can type the house price and property tax amount to see their monthly payments. You can find this and many other free tools on www.WidgetBox.com
  • Mortgage Tax Savings calculator (for Buyers). This is a hard to find tool and not many realtor sites have it but luckily you can find a free one at WidgetBox.com as well. The first thing that people learn about buying a house is that they will save money on their taxes but no one will tell them how much. This tool will let

Easy Vacation Food – Quick and Easy Food Ideas While You're on Vacation

Vacations can be the highlight of the year for many people. Who does not like to get away from work, responsibilities, etc … And just relax for a while? However, economics may be holding some people back from indulging in a retreat.

You expect to pay for attraction, board, gas, and food. There is not much you can do about the price of attraction's and gas. However, food is a very expensive part of the vacation, and is changeable.

On average, a family spends at least five dollar's (per person) just to eat a single fast food meal. This can not only destroy a vacation budget, but it also is very unhealthy. Ever wonder why people come back from vacations with a five pound weight gain? – Junk food!

So, here are things for an easy vacation food alternative; that is cheap, but still healthy.
Look for a hotel, condo, cabin, etc … With a kitchenette.

On average, you will pay about $ 10.00 more for a kitchenette. However, you can eliminate the cost of food. If there are four vacation members, that is a minimum of $ 60.00 a day that you are eliminating.

If there is a kitchenette in the room, you can cook pretty much anything. This allows you to have a healthy and cheap meal. If you do not want to struggle with a cooler on the trip, just look for a local grocery store, once you get to your destination.

Many hotel rooms have mini fridges and microwave's in the room now. Typically, these rooms do not cost more than any other room. When booking the hotel, just ask if there is a microwave and fridge. The fridge can hold milk for breakfast cereal. Grits and oatmeal also make for an easy vacation food. Lunch meat and soup can be a lunch meal. This still save's you the expense of two meals. Make a frugal third meal choice and it save's tons of money.When booking a hotel ask if they provide a complimentary breakfast.

Some of these breakfasts are full breakfast bars, but some are finger food like donut and bagel. This will at least save you the cost of breakfast.

Do an online search for restaurants in the area.
An online hotel booking site, city data cite, etc … Will provide a restaurant guide. Some restaurants will have a kid's eat free menu, offer two for one deal's, have a hotel discount, etc … Of course, this will not eliminate the cost of meals, but it can be an option for easy cheap vacation food.

Vacation hot spots will often have vacation packages.
A vacation package is tricky. Some do lower the cost of attractions, food, and lodging, by combining them. However, do careful research. Some of these package's can actually be higher when bundled. Bring snacks with you for the drive and to carry to attractions.

Snacks like peanut butter crackers, granola bars, rice cakes, etc … Travel well and are substantially filling. …

Lego Building Instruction Books

Lego Building Instruction Books are excellent educational tools developed by Lego. They also have a bevy of Lego Education Centers. They like to think that engineers, architects, scientists and designers have their genesis in these centers.

LEGO centers claim to provide a safe, inspirational atmosphere for young creative minds. They focus on and develop the following areas:

o Concentration

o Self-confidence

o Innovation

o Team-work

o Spatial intelligence

Perhaps a small historical journey is appropriate at this point. The LEGO Group was founded in 1932 by Ole Kirk Christiansen. He was the inventor of the LEGO bricks. Christiansen desired a total world-wide involvement by the group.

"Only the best is good enough" was his motto. The LEGO team says that 'today we still involve that spirit in every way we operate.'

With this as a backdrop, we are now faced with their recent announcement. Here is the headlines: "LEGO Says It's Running Out Of Toys For Christmas"

What a disappointing turn of events. To whom much is given-much is required. They have fallen a long way away from their stated motto, "Only the best is good enough" What does LEGO suggest we do with our Lego Building Instruction Books? We have no LEGO building blocks!

What would Mr. Christiansen say about this mess? They've been in business for almost 75 years. Did the coming of Christmas 2006 catch them unawares? How did they prepare for the other 73 Christmases? How could they run out of toys for Christmas?

Many of us were raised on LEGO toys. I had hours and hours of fun playing with my LEGO. So did my children and now my grandson. What does LEGO suggest we tell our children? …

Guide On How To Pack Liquids In Your Checked Travel Luggage

Whenever you are travelling, you bring with you different toiletries and beauty essentials. About half of them are liquid and the others are made from drippy and creamy materials. Do not trust the bottle or the packaging of the liquid as they can sometimes spill.

Here is how you can avoid spills in your checked travel luggage:

Step 1: Purchase travel bottles. It will be easier if you only bring with you a portion of your shampoo or your moisturizer. Travel bottles are available in drug stores or department stores. They come in roll on, spray bottle and jars. Transfer your shampoo, facial creams, toner, conditioner and other beauty essentials on those convenient bottles.

Step 2: Wipe off the excess moisture or liquid outside the bottle with a clean tissue. Make sure you secure the cap well. Tilt the bottles and test if it will leak.

Step 3: Purchase duct tape or masking tape. Tape the cap of the bottle. Run the tape twice over the caps to secure them. Use your fingers to press the tape on the bottle.

Step 4: Wrap the bottles individually in plastic bag. You can purchase sandwich plastics since they are small and the bottles can fit perfectly. Individually place the bottles inside every sandwich bag. If it spills, the plastic can still prevent leaking.

Step 5: Tie a rubber band around the opening of the plastic to seal it. It will also make it easier for you to remove when you get to your destination. This way, you can still use the plastic when you go home instead of ripping it off.

Step 6: Get a pouch with plastic inner lining and place the wrapped bottles inside. You can also use a plastic container to seal them inside better.

Step 7: Place the pouch or the plastic container inside a shopping plastic bag. Wrap it and tie the end of it with a rubber band. This should make sure that there would be zero spills inside your checked travel luggage.

When you are using a pouch to store your toiletries, make sure you place it in your luggage last so they will be on top of your other stuff. Since the pouch does not have a hard shell, the containers inside might get broken or might get squeezed up and it will cause spilling of liquid. But when you are using the plastic container or a Tupperware, you can place it even at the bottom part of the heap. …

7 Great Birthday Gifts For 4-6 Year Olds

Birthday gifts for someone else's child is very difficult. You do not know what they like. Gifts are expensive and shopping is time consuming. Birthday parties use to be easier and smaller.

Those days of easy and small parties are gone. The days when you might only need to purchase 4-5 birthday gifts a year are gone. We all know why. There is a new rule. This rule says you must invite everyone in your child's day care, nursery school, preschool or kindergarten class. Unlike the old rule, which was just common sense, this new rule is written in the MANUAL.

Now you are expected to purchase anywhere from 6 to 20 birthday gifts a year. Not only is this time consuming. It is expensive. You end up buying whatever is cheap, which often means it is not a great toy. Often the child is not even interested in what he has received or the birthday parent does not let their child play with the gift. It is lose-lose.

Here are seven suggestions for high quality birthday gifts for under $ 10. This a win-win solution to inexpensive birthday present buying. These are great birthday gift ideas for both boys and girls. These are perfect for 4, 5 and 6 year olds.

1. Oceans of Fun Wikki Stix – Wikki Sticks stick together with just fingertip pressure. They are endlessly reusable. Wikki Stix will stay together, although if you want to make smaller pieces, they will cut with scissors. Clean and easy to use-no preparation, no mess. Oceans of Fun comes with 48 Wikki Stix, 4 colorful fish to decorate, 2 dowels, 2 large ocean scenes to complete, a matching activity, a maze and interesting information on fish.

2. Make your own cards from Made by Hands – This perfect product was created by two moms, who got tired of buying craft kits for birthdays and finding out there was no creativity in them. The only thing you got was the picture on the box. This product comes with everything your child needs to make creative cards, including note cards, pop-outs and a glue stick. The Pop-Outs are what makes this product and all of their other projects so great. They are already cut out shapes in multiple colors. All the child needs to do is to use the glue stick and glue the shapes down in any way they want.

3. Rainbow Brush Intro Pack – Rainbow Brushes are amazing markers. They are the world's first patented color blending markers that can clip together and be squeezed to blend colors and create rainbow effects. With Rainbow Brush techniques you can create amazing lettering and designs including flowers, butterflies and fish. Included are five markers and an instruction DVD.

4. Thinkfun Rush Hour Jr .– The goal of the game is to steer the ice cream truck through the rest of the automobiles. You are given a card that shows you how to set up your pieces so you are …