Giving this dude’s downtown party central walk-up a run for its money is the basement condo at Tribeca’s 109 Reade Street. A new lawsuit against the condo’s owner, James McGown, charges that he turned the place into an “extreme party” zone, with “fire massages” and a stripper pole, the Post reports. Neighbors allege McGown and his tenant, Dimitri Dimoulakis, worked together to hold paid parties, charging $10 or $15 per person for one November party where “a woman [waved] a wand of fire over the bare back and legs of a man, who is lying down on what looks like a kitchen counter.” Scandalous! An ACRIS search suggests McGown purchased the apartment for $1 million in 2006 and transferred the deed to his daughter in ‘07. Above the million dollar den of sin? A pediatrician’s office.
· Condo dwellers claim neighbor’s apartment is an ‘extreme party spot’: suit [NYP]

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www.successrei.com owner and Real Estate Investor discusses finding motivated sellers

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The volatile market in 2008 emphasizes the importance of focusing on the control variables. Major investors are often overlooked factor is the value added by its financial advisor. Here are five questions to your Financial Professional:

1. What is education if your adviser have?
Insurance representatives, sales of pensions and stockbrokers all call themselves “financial advisors”. Are these people qualified to provide objective, comprehensive financial advice and to act in the best interests of their clients? While these vendors are well equipped to illustrate how their particular product is suitable for a particular client, they may not have the education or financial motivation for this possibility Superior alternatives.
Certified Financial Planner (CFP) designation is widely recognized as the “Platinum Standard” for financial planning. Unfortunately, only seven per cent of “financial advisors” are certified by CFP. SPT is education, knowledge and access to financial tools necessary to assess all possible investment options and make recommendations based on the specific circumstances of the person.

2. Is your advisor compensated?
It is important to understand the behavior of your consultant depends on his or her compensation. Consultants are usually paid a commission on products sold or the fees charged to their customers. Order advisors financial motivation to sell products, which can not be the best option for their customers. Fee-only advisers prohibit the collection of products and commissions are only compensated for their clients. Thus, paid compensation only planner induces an objective opinion and behavior, which is always in the best interests of the client.

Do you know how much you pay your advisor? Remember that your compensation consultant in addition to the fees charged to your real investment. Total fees, covering both your investment and a consultant, should be less than two percent.

3. Does your adviser to act as a trustee?
Designers who take the fiduciary duties of the client is legally bound to act in the best interests of that client. Counselors who do not accept a fiduciary responsibility only undertake to act in such a way as not to harm his client. Big difference! If your consultant is not familiar with the term “fiduciary” should look elsewhere.

4. Does your advisor to provide adequate service?
When was the last time the consultant called you? Your adviser is known about changes in your goals, personal or family situation that will affect your financial future? Counselors should be aware of the latest fast-changing lives of their clients and must meet with their clients at least once a year.
Service impact compensation. Order advisers income continuously selling products to new customers. Consequently, they often do not have the time or motivation to previous adequately serve customers. When the consultant will only compensate the client, the consultant has a huge motivation to constantly exceed customer expectations.

5. Does your consultant will provide you with a comprehensive financial plan?
A detailed financial plan of insurance needs, investment opportunities, tax implications, retirement and estate planning forecasts should be the basis for all financial activities. After a comprehensive long-term plan will minimize the emotions and stress the logic in making financial decisions. However, be careful with financial plans that simply Sales Pitch. The financial plan should be objective in nature and investment decisions should be based on the plan, the plan should not be a tool for on-board you for predetermined and limited investment opportunities.

Enduring today’s market is a complex task. Make sure that the educated and knowledgeable financial advisor who is compensated to act in your best interest and financial motivation to ensure your everlasting satisfaction.

You can be a teenager or well over 40 years, any moment of your life is good to think about financial planning.

By the way, financial planning is not boring, it is not a duty. And those people who started to think and act about their financial planning are very likely to be well prepared for the future.

Nowadays we live in the world where information makes life easier.

That is why if you are properly armed with the information in your topic you can be sure that you will in any case find the solution to any bad situation. So, please make sure to visit this site on a regular basis or – best of all – sign up to its RSS feed. In such an easy way you will have a direct shortcut to the freshest informational updates here. Blogging can be helpful, you just need to know how to use them.

fixed issue price at Rs 252, at higher end of price band of Rs 243-252
Man Infraconstruction will list its equity shares on the exchanges today. It has fixed issue price at Rs 252, at higher end of price band of Rs 243-252. Managing Editor of CNBC-TV18, Udayan Mukherjee said it would do well today. It [...]

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Nikkei Stock Average 225 up 0.82 percent at 10,650.06.
KOSPI Index up 0.40 pct at 1,668.86.
Shanghai Composite Index down 0.66 pct at 3,048.93.
10 ways to cut risk of cancer

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Markets Today – 21st Oct 09
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10 ways to cut risk of cancer

Related posts:

1. Asian shares trading lower on Friday
2. Markets Today – 21st Oct 09
3. Free Intraday Tips 28th Apr 09

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Click the image above to view the full photogallery.

[First photo via Zivkovic Connolly Architects.]

Celebrities just can’t stop pretending to call this epic five-bedroom penthouse in Chelsea’s 129 West 20th Street home! The listing doesn’t shy away from blabbing, pointing out that the 4,500-square-foot duplex “has been featured in the motion picture Last Night starring Kiera Knightly and Eva Mendes and in an AT&T ad campaign featuring Mariah Carey as the resident.” Does it need to rely on star power to sell? The jury is still out on that one. Don’t get us wrong, we’re enjoying the 25′ ceilings, 2,000 square feet of private outdoor space and the second level that’s “the perfect place to host a dinner party for 2 – 50 friends.” It’s just that this penthouse has been down this road before.

The place has been bouncing on and off the market since 2006, with a seesaw pricing pattern. It first asked $8 million, then eventually went down to $6.95 million, then back up to $8.25 million, down to $7.695 million, up yet again to a high-water mark of $8.5 million and now down yet again to $7.25 million. Adding to the schizophrenia, it’s now with its fourth brokerage. So is the time finally right to sell, or should they just not even bother waking Mariah up to tell her she doesn’t actually live there?
· Listing: 129 West 20th Street, #PHAB [Citi Habitats]

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shortsalepowerhour.com Kevin and Fred Group 46 Arizonas Premier Short Sale Team get way fired up today with some escalation letters they actually wrote and sent of to the lenders….This is a fun one…

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Learn how to make money with your real estate website www.moneymaker4agents.com. This video focuses on a online course I teach for making money on the internet called “Building Your E-Commerce Business http with your real estate website.

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