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Posts Tagged ‘new rules’

Wrong Garden by James Dyson

Tuesday, April 24, 2012 posted by Tommi Crow

Industrial designer of Dyson vacuums created this illusion of water running upward.

To view a chart of how he did it…CLICK HERE

InfoTube.net can help you defy this real estate market.  Visit our website to learn how we have helped sell homes since 1988.

ALL HomeBuyers HATE Popcorn Ceilings

Wednesday, April 18, 2012 posted by Tommi Crow

   When trying to come up with a list of items that all homebuyers HATE..the first thing that came to my mind is Popcorn ceilings.   They scream dated.  They collect cobwebs, dust and dirt.  They are impossible to clean or paint.  And, if your home was built before the 1980’s, the popcorn may contain cancer causing asbestos.  (Asbestos was outlawed in 1977, but old supplies were used for years.) 

If you are selling your home, get rid of it….even though that is easier said than done.  If your home was built before 1980, you should first have the ceiling tested by a professional to see if it contains asbestos.  (Read the handout “Asbestos in Your Home“).   If asbestos is found, call a professional asbestos removal company to spray paint over it ($2-$6 a square foot), if it is in good shape.  Or, better, have the pro’s remove and properly dispose of it ($54-$64 a square foot).  Do not attempt to remove asbestos yourself!   There is a lethal reason it is a banned substance.                        

Whether the popcorn contains asbestos or doesn’t…removing popcorn ceilings is a messy, difficult and possibly expensive project.   Do it yourself with the proper gear, or expect to pay a painter about $2.50 a square foot to get rid of it, patch holes and repaint your ceiling.  

There are a few alternatives to sealing or removing popcorn ceilings.  You can opt to cover it up.   Depending on the architectural style of your home…you can consider installing beaded board or press tin ceiling tiles to hide the popcorn….forever.

If you are selling a home…get rid of the popcorn!!!  No one in the world likes popcorn ceilings…if you have them, you hate them, too.   Today’s buyers have so many choices, they won’t even consider a home with popcorn.  

Thank you for visiting InfoTube.net.  Please get rid of those dated, dirty, ugly and possibly dangerous ceilings today!!!    Popcorn is blowing your sale!

Click Here to Read What Buyers Hate Most…Second to Popcorn Ceilings

Big Tax Breaks for Real Estate Investors

Monday, March 26, 2012 posted by Tommi Crow

  With reduced home prices and interest rates near historic lows, affordability levels in early 2012 reached their highest point in 42 years according to the National Association of Realtors.

Not only are homes at record affordability levels, real estate ownership also opens the door to a wide variety of tax benefits and additional savings.

“A recent poll shows that 75 percent of likely voters think real estate tax deductions are appropriate and reasonable,” said Steve DiUbaldo, president of Atlantic & Pacific Real Estate, a full-service real estate brokerage with offices in 22 states. “People understand the value of owning a home and the role played by tax benefits. Combine today’s affordability levels with tax advantages and now is a very good time to consider both residential and investment real estate.”

So what are the biggest real estate tax breaks? For most owners and investors the list of major tax write-offs looks like this:

1. Property Taxes. Real estate owners can write off the cost of state and local property taxes. For many borrowers this deduction can reduce taxable income by thousands of dollars.

2. Mortgage Interest. The IRS defines a home mortgage as “any loan that is secured by your main home or second home. It includes first and second mortgages, home equity loans, and refinanced mortgages.”

Mortgage interest can generally be written off, but not always. The limitation for mortgage interest on a primary and secondary residence is a total of $1,000,000 for acquisition indebtedness and $100,000 for home equity indebtedness. There are lower limits for individuals and those who are married but filing separately.

3. The Standard Deduction. “Everyone is entitled to a standard deduction,” said DiUbaldo. “However, write-offs for mortgage interest, property taxes, mortgage insurance premiums and other costs generally allow real estate owners to justify itemizing expenses and thus larger write-offs.”

4. Mortgage Insurance Premiums. Mortgage insurance allows purchasers to buy with less than 20 percent down. Qualified borrowers can get FHA financing with 3.5 percent down, conventional loans can require as little as 5 percent down and VA purchasers can borrow with zero down. Closing costs are extra.

“In general,” says the IRS, “if you itemize deductions, you may deduct premiums paid for mortgage insurance provided by the Department of Veterans Affairs (VA), the Federal Housing Administration (FHA), the Rural Housing Service (Rural Housing), or private mortgage insurers in connection with a mortgage for the purchase of your main home.”

5. Points. A “point” is a fee to the lender equal to 1 percent of the mortgage amount. Borrowers often have the option of paying points at closing rather than a higher interest rate over the life of the loan. Whether it’s better to pay points or accept a higher interest rate depends on such issues as the interest rate, the number of points and how long the property will likely be held.

In general, a point paid at closing for acquisition financing is fully deductible in the year paid. If a point is paid to refinance a home, the point is deductible over the term of the mortgage, typically 1/30th per year.

6. Investors can claim Depreciation. Depreciation allows investors to take an additional tax deduction because a real estate “improvement” is believed to wear out over time and will need to be replaced.

“Depreciation is an accounting concept,” said Atlantic & Pacific Real Estate’s president. “The investor is not actually spending the cash represented by the ‘cost’ of depreciation and one result is that it’s possible to have an investment property which produces a positive cash flow that is partially or wholly not taxable currently. In certain instances, subject to individual taxpayer limitations, it is even possible to show a loss for tax purposes.”

7. Sale Profits. When a prime residence has been occupied for two of the past five years it’s probable that much or all of the profit will be sheltered from capital gains. With a joint return up to $500,000 can be protected, $250,000 for an individual owner. Example: You bought a home in 1990 for $100,000 and sell it in 2012 for $300,000. There’s a $200,000 long-term profit, none of which is taxed.

If you’re an investor, sale profits are taxed as long-term capital gains if the property has been owned for at least a year. That means long-term capital gains in 2012 are generally taxed at 15 percent.

8. Tax-deferred exchanges: The National Association of Realtors says investors purchased 23 percent of all existing home in January. One reason for such interest is that it’s possible to have tax-deferred real estate exchanges with investment property.

“You can swap one investment house for another, but you can also trade a rental house for a commercial property or a property with four units,” said DiUbaldo. “An exchange can allow an owner to defer capital gains taxes for years if not decades, and swaps are one of the reasons investors come to our website ( www.apreus.com ).”

The Bottom Line: Whether purchasing as an owner-occupant or as an investor, tax rules can powerfully impact the value of your real estate. For the latest information, details and deductions be sure to check with a local tax professional.

As always, we urge you to consult with your own independent Certified Public Accountant as to the appropriateness of any tax deductions for your specific circumstances.   Article by Market Watch.

Thank you for visiting InfoTube.net.  Visit our website for FREE home marketing tools, proven sales aids and MLS and Realtor.com listings

If you are one of the millions of Americans who would love to take advantage of record low home prices and record high levels of foreclosures, but your cash on hand is coming up  little short… consider using a portion of your IRA funds to buy a piece of rental property.

Millions of Americans have billions of dollars tied up in IRA’s that nay be paying little to no interest or gains to investors.  Maybe it’s time you considered diversifing from stocks or mutual funds… and add some tempting real estate bargains into the mix.

Here are the basic rules:

  • The funds used to buy the property must be held in a self directed IRA.  You can not use 401K funds or Roth IRA’s to buy real estate, but you can roll over those funds into an IRA before you buy.
  •  The property you buy must be an investment property.   You can not buy a second home or primary residence with IRA funds without paying a penalty.
  • You must pay cash for the investment property.  You can not borrow or take out a mortgage against your IRA investments.  
  • Monthly rental income must be placed back into the IRA account.
  • When the property is Sold…the sale proceeds must be deposited back into the IRA.
  • No taxes are due on rental income or capital gains held in the IRA, until the money is withdrawn at retirement age, so earnings grow tax free.
  • The IRA can pay all expenses associated managing and maintaining the property.
  • You can use a property manager or manage it yourself.

Real Estate IRA

Here is a simple example of how the investment could grow and fund your retirement.

  • You buy a $100,000 rental property with IRA funds.
  • You collect $10,000 a year in rent that is paid directly back into the IRA. 
  • After 10 years, the entire $100,000 you invested in the home has been paid back into the IRA.  Bonus, you still own the property and you can sell it anytime you chose and put the proceeds into your account, too.
  • You pay NO TAXES on income or capital gains until you withdraw money from the IRA.

Tax deferred gains

Buying a foreclosure with IRA money can be a great way to diversify your retirement portfolio and take advantage of historically cheap real estate prices and highly motivated sellers.  As with any tax related investment…ALWAYS consult your tax expert before investing.

Thank you for visiting InfoTube.net.  The spring home selling season is underway and it looks to be the best one in several years.  If you are in the market for home, this is a great time to be shopping.   Check out some of the great deals on our site…or place your property listing on our site for FREE.

If you are selling a home, we can set you up with an MLS listing and you can still sell the property yourself.  Click Here to learn more.

    

President Obama just announced a plan to help US families.  And, miraculously, he doesn’t need the approval of Congress to help us.

  • Obama promised relief to homeowners who are trapped in high rate loans by banks.  If a homeowner is current on their current high interest loan payment, they can not be turned down for a lower interest rate loan that reduces their monthly payment.
  • Obama will cut closing costs for loan refinancing on FHA loans to make refinancing affordable.  The average borrower will save at least $1000 a year in fee’s and charges, in addition to saving about half of the closing costs on the new loan.
  • Obama waives appraisal value as a criteria for refinancing a high rate loan.  In other words, your bank can no longer use an appraisal against you…no matter how much you owe on your current loan.
  • Obama promises to compensate all US Servicemen and Veterans who were foreclosed upon during their tour of duty.  All Veterans who attempted to refinance their home to avoid foreclosure, and were turned away by their lender…are entitled to full compensation for all penalites, fee’s and losses.

We applaude this action and feel that it is long overdue.  This is exactly the type of change that Americans, and the housing market, need to avoid further personal and financial losses.  There is no legimate reason for a bank, who received taxpayer handouts, to turn down a borrower who wants to benefit from low Fed bank rates.   If a borrower is able to afford a $1500 house payments at a 10% interest rate, then why would a lender turn them down for a loan payment of a $1000 per month at 4.5%?    The only answer is a unfortunately a common one…GREED.    Banks are closing ranks to protect their 10% rate of return from dropping to 4.5%, even though the Fed’s (ie: taxpayers) are giving them the money for nothing.

Thank you for visiting InfoTube.net.  If you have been turned down for refinancing…reapply today.  

Micro House Offers Big Living

Thursday, March 1, 2012 posted by Tommi Crow

We just love this smart, green designed, micro house that lives BIG.  

The architecture blends into the environment and requires no maintenance.

The bright, open and contemporary design offers everything you need in a guest house or secret hideaway.  

Thank you for visiting InfoTube.net.   Take a minute to search our database of Homes for Sale to see what surprises await for you.

Home Buyers Move Back to Basics

Thursday, February 23, 2012 posted by Tommi Crow

                                                    Home Sellers take note:

When it comes down to chosing a home, buyers are going back to the basics.  Today’s buyers consider new or updated kitchens and bathrooms, and a flexible, open floor plan as the most important features they are looking for in a home.

A recent survey of hundreds of real estate agents reveal what features appeal to the broadest cross sections of buyers in the marketplace.

  • 33% of those surveyed said that a new or updated kitchen is the most important feature they are looking for.
  • 14% of purchasers said that an open floorplan is a must have. 
  • 12% are looking for homes with new or updated bathrooms.
  • Only 1% of buyers feel that entertainment rooms or finished basements are important home features.

Thank you for visiting InfoTube.net.  When you advertise, photograph and show your home, don’t forget to emphasize the “hot buttons” area’s that buyers are telling you they are looking for.

    When it comes to successful real estate investing, I’ve learned the my purchase price has nothing to do with making money.  Good tenants are the key to making money.  If you are seeking a reliable stream of steady income, with few to no hassles…buy a property that will attract “A” quality tenants who will renew their leases year after year. 

As a novice investor, I often wasted a lot of time and money searching for “a deal” on a house.    I worried about who I would rent it to, later.  After years of losing money and sleep, I learned that seasoned investors use a strategy completely opposite from what I had been doing.  They pictured the most desirable and profitable tenant in the market…then, concentrated on locating a piece of property that would attract that type of tenant. 

If you are searching for a piece investment property that will bring in income, picture who your ideal tenant will be, then buy a piece of property that will draw them in!!   “A” quality tenants look for common ammenities in a rental home… 

  1. Search for properties that are located near strong, vibrant downtown or commercial corridors.  If the area is thriving, you should be in good shape.  If the business district is run down or boarded up, think twice about investing in that location..
  2. Quality tenants live in clean areas of town with parks and recreation options, good schools, medical facilities and reliable police and fire protection. 
  3. Buy property that has easy access to convenient transportation, interstates or major thoroughfares.
  4. Look for neighborhoods that are filled with owner occupied homes, not other rental properties.  You want the area you invest in to be filled with homeowners, not other renters.
  5. The Best Tenants are Long Term Tenants.   If you find a foreclosure or a distressed property, chances are it will be in need of repairs and updating.  Plan to  spend money after closing to make the place nice and fix anything that is broken.  You want your property to be a place that your renter is proud to call their home.
  6. As a general rule, families make the best long term tenants.  On average, families stay in one rental house for 4+ years.  To attract “A” quality families to your property, look for single family homes with a minimum of 3 bedrooms and 2 baths.  The best homes also have 2 car garages, 2 living and eating area’s and a good size yard.
  7. Size Matters to a family. My most profitable properties have not been the cheapest homes, they’ve been the largest.  Large 4 bedroom homes in good neighborhoods, with good schools have been proven winners time after time.   Why?  Most rentals on the market tend to be smaller, starter type homes.  The lack of competition for a large house makes finding and keeping good tenants much easier.
  8. Seek out locations with large employment bases.  Tenants look first at homes located within a 15 minute drive from their workplace.  

In conclusion, it is not “deal” or a cheap sales price that will make you money on rental property.   Properties in “A” condition and “A” locations attract “A” quality tenants that create the positive returns you are seeking. 

Thank you for visiting InfoTube.net a FREE homes for sale and rent website for owners, builders and investors.  If you are selling property, we offer turnkey marketing programs that can save you thousands of dollars, while reaching millions of home shoppers each and every day.  We have helped thousands of people sell their homes since 1989…we can certainly help you, too! 

Demand Made in the USA products like InfoTube and InfoBox when you shop!!  We can rebuild our country!!

    

We finally have an avalanche of positive news regarding on the real estate and housing market for 2012.   

  1. Foreclosure activity in 2011 is down more than 50% lower in several states, including New Jersey, Maryland and Florida.  Realty Trac
  2. The much feared “shadow inventory” of foreclosures declined dramatically in 2011.  In December 2012, 2.2 million properties were in some stage of foreclosure.  In September 2011, that number dropped to 1.5 million units…or a whopping 32% in nine months.  Realtytrac
  3. Realtors in some hard hit area’s, such as Michigan and southern California, are reporting a shortage of housing inventory and a return to bidding wars in tight markets.  
  4. Wall Street thinks the worst is over.  Stocks of the nation’s five largest, publicly traded, home builders are at 52 week highs signaling an upswing in home construction in 2012.  In addition, the home builders have been snapping up deals on land and abandoned subdivisions in anticipation of increased buyer demand.  CNBC
  5. Realtors and home builders are getting a boost from rising rents, as Americans realize that owning a home is often less expensive than renting one.   And, while future rent increases have no ceiling on how high they can go, ownership locks in housing expenses and equity is created as the loan balance decreases each month.
  6. Legal issues, property maintenance and other issues complicating the foreclosure process will push banks and lenders to approve more short sales in 2012, further reducing housing inventory.
  7. Interest rates will remain at historical lows in 2012, which allows more people to qualify for a home and cheap money buys more house for the same monthly payment. 
  8. Foreclosure activity was down more than 30 percent in 2011.   Fewer than 2 million properties foreclosure notices were filed in 2011, down from 2.9 million property filings in 2010.  Realty Trac

InfoTube believes that this news spells OPPORTUNITY for home buyers, home builders, investors and real estate agents.  Home prices and affordability are excellent, yet buyers and investors can still find good bargains.   Today’s smart home buyers will feel like geniuses in ten years when the see what inflation has done to home prices. 

If you have a home to sell, we can help.  Visit InfoTube.net to place a FREE home listing about your property or to buy an InfoTube or InfoBox to advertise your property to drive by customers.  Or, supersize your marketing efforts with an MLS listing.  The MLS and Realtor.com reaches millions home buyers each day that otherwise would not know your home is for sale!!!

Take a look at the imagination and resourcefullness that this home builder used to convert two, abandoned, semi truck trailers into a sweet 2 bedroom cabin in the woods. 

First, Locate an abandoned truck trailer that is no longer road worthy.   

Place the trailers onsight and weld the two structures together.

Sketch up your Floor Plan and get to work.

Cut through and bring your two worlds together

Stucco over the metal on the trailers to add insulation and prevent further rusting.  Cut out your windows.

Install double insulated windows and french doors.

Frame out the house.  Add batt insulation between the studs.

Panel the walls, put in the floors and move your furniture in. 

Hang up your flat screen and watch the game.

Congratulations to this Green, Creative Homeowner!!  Home Sweet Home for a few thousand dollars.  Stucco exterior.  Double Paned Windows.  French Doors.  And, 1162 square feet of warm, cozy living space.

Thank you for visiting InfoTube.net.  Place a FREE home or land listing, search for thousands of great deals or shop for Made in the USA real estate marketing products.

Smart Utility Meters Spark Health and Privacy Fears.

Wednesday, November 30, 2011 posted by Tommi Crow

Utility companies across the US are spending billions of dollars to install so called “smart” meters to moniter electricity usage.  The premise is that consumers can save energy by knowing when and how much power they use at all times.  Electricity customers pay a reduced rate for electricity used during “non-peak” useage hours and more for power consumed during high usage periods.   Utility companies say they can save even more.  The Smart Meters will eliminate meter reading jobs and help Americans cut energy costs…

Consumer advocates, state goverments and consumer protection groups don’t alway agree, though.  Many don’t feel the cost outweights the savings and they don’t feel the Smart Meter is very Smart at all.  In fact, many fear the devise can invade your privacy and damage your health.

What you Need to Know About Smart Meters.

1.  YOU ARE PAYING FOR THE SMART METER!!  Each Smart Meter costs between $250-$500.  Utility companies operate by passing along operating costs to consumers, so this cost will be passed directly through to you.  For example,  Texas residents are now being charged an additional $3.24 per month for their new Smart Meter.  It is estimated that $1 Billion will be collected by Texas utility companies over the next 10 years.   WSJ

2.  SHORT NOTICE DISCONNECTS.  Consumer advocates fear the costs of the Smart Meter could be greater than the savings for many households.   They also worry that the meters will make it easier for utilities to terminate service — so easy that they will disconnect power for small unpaid balances that wouldn’t have caused a termination in the past.   WSJ

3.  WHAT ARE THE TRUE COSTS VS SAVINGS?  There is a lot of concern about the lack of information on meter deployments.  Utilities have claimed “trade secret” protections for important financial details about their meter programs, including contract terms with vendors. Such secrecy makes it impossible for consumers to analyze why costs for what appear to be similar services vary so much among utilities.  WSJ

4.  HEALTH CONCERNS.  The “Smart” Radio Frequency Meters do NOT have a UL safety rating and it doesn’t appear that it will have one anytime soon.   There is science to back up the theory that Electromagnetic and Radio Frequency energy contamination from smart meters exceeds allowable safe and healthful limits for domestic environments as determined by the EPA and other scientific programs.

5.  PRIVACY AND BIG BROTHER SURVIELLANCE CONCERNS:  “Smart Meters” are, by definition, surveillance devices which violate Federal and State wiretapping laws by recording and storing databases of private and personal activities and behaviors without the consent or knowledge of those people who are monitored.

According to the Watch Dog Group StopSmartMeters.org, Smart Meters monitor household activity and occupancy which watch dog groups alledge violate rights and domestic security.   They transmit wireless signals which may be intercepted by unauthorized and unknown parties. Those signals can be used to monitor behavior and occupancy and they can be used by criminals to aid criminal activity against the occupants.

The Data about occupant’s daily habits and activities are collected, recorded and stored in permanent databases which are accessed by parties not authorized or invited to know and share that private data by those whose activities were recorded.   Those with access to the smart meter databases can review a permanent history of household activities complete with calendar and time-of-day metrics to gain a highly invasive and detailed view of the lives of the occupants.   Those databases may be shared with, or fall into the hands of criminals, blackmailers, corrupt law enforcement, private hackers of wireless transmissions, power company employees, and other unidentified parties who may act against the interests of the occupants under metered surveillance.

6.  STATE AND LOCAL GOVERNMENTS PLACE MORITORIUM ON SMART METERS.    Until more information is gathered about health, safety, privacy concerns and costs to consumers, 47 local governments in California have banned Smart Meter installation until more is learned about them.  Connecticut and Delaware are also asking for volunteers to test the Smart Meter vs rolling it out to all electricity customers.

Whether you like the Smart Meter or Hate it…there is no denying that “they” will know when you’re cooking dinner and they will know when you’re awake….like it or not.   Even more scary…maybe…I wonder if those Smart Meters are Made in America or China?  

Thank you for visiting InfoTube.net.  Email questions, comments and information to info@infotube.net.   Also, visit our Facebook page for up to the minute info and updates.

The male-dominated industry has never seen anyone quite like Lynn Tilton, a New York financier who since 2000 quietly has been amassing an empire, acquiring or investing in more than 70 companies, with holdings totaling $8 billion. 

Lynn Tilton, New York financier and owner of MD Helicopters, gives out signed photos of herself to well wishers as a line formed in front of her exhibit booth at Heli-Expo recently in Anaheim, Calif.

Rotor blades and turbine engines were supposed to be the showcase at the annual helicopter convention in Anaheim, Calif., the last week of February, so pilot James Costa wasn’t sure what to make of the crowd surrounding a woman in a leopard-print dress and knee-high boots.

She had long, blond hair who was signing glossy photos of herself as a line formed in front of her exhibit booth.

“I thought she was a stripper,” said Costa, a helicopter pilot from Tulare, Calif., before he found out that the woman was Lynn Tilton, owner of one of the nation’s largest helicopter makers.

“Very cool,” Costa said in disbelief. “You know, she brought that company back from the brink of destruction. She’s our rock star.”

The male-dominated industry has never seen anyone quite like Tilton, a New York financier who since 2000 quietly has been amassing an empire, acquiring or investing in more than 70 companies, with holdings totaling $8 billion.

“She doesn’t fit the usual pattern of an executive,” said Richard Aboulafia, an aerospace analyst for Teal Group. “but she has stayed in this game a lot longer than people thought.”

Part Warren Buffett and part Dolly Parton, the 49-year-old native of the Bronx borough of New York owns or has an equity stake in companies that are as eclectic as her wardrobe — and include brand names such as Arizona Ice Tea, English Leather cologne and Isotoner gloves.

Through her private-equity firm Patriarch Partners she also owns companies with some of the world’s most iconic names, including mapmaker Rand McNally, firetruck manufacturer American LaFrance and Italian factory-machine maker Ansaldo Sistemi Industriali.

In 2005, Tilton acquired Mesa, Ariz.-based MD Helicopters, a company founded by Howard Hughes.

Common trait

Although diverse, the companies had a common trait before Tilton began investing in them. They produced well-known products but were about to go out of business.

“We turn dust to diamonds,” she said at the Anaheim Convention Center. “We buy what everybody else tosses away.”

Although some of her companies have had to lay off people because of the economy, they employ a total of 60,000 workers in the U.S. The return on her investments has averaged 25 percent annually, she said.

“Making money and making the world a better place don’t have to be mutually exclusive objectives,” she said.

Within the aviation industry, Tilton often has been described as the “dominatrix lady” because of her penchant for black-leather dresses and high-heel shoes.

“Well-behaved women seldom make history,” she said when asked about the initial impression some people might have. She has a bachelor’s degree from Yale and an MBA from Columbia.

She acknowledged that she has used the image to her advantage because many people upon first meeting her underestimate her abilities.

Before she began signing autographs, Tilton already was shaking up the helicopter convention. As four executives of the world’s largest helicopter makers, including Bell Helicopter Textron and Sikorsky Aircraft, finished up their presentations, Tilton, who was running late, walked up to the podium wearing that leopard-print dress.

“I don’t have pretty slides,” she said. “But I’m wearing a sexy dress. I hope this will do for some of you.”

Then, taking a more serious tone, Tilton said that the industry was “not a chosen one that defies gravity” and warned the audience that more improvements were needed, including making helicopters safer.

Tilton, who has three siblings, said she grew up in a dynamic family. Her father was a professor, and her mother later became publisher of a newspaper in Teaneck, N.J.

Single parent

At 23, Tilton became a single parent, and for the next several years she “worked 100 hours a week on Wall Street” to support herself and her daughter. “Compared to then, this is nothing,” she said of her workload juggling more than 70 companies.

Tilton worked at top Wall Street companies including Morgan Stanley, Goldman Sachs and Merrill Lynch before becoming an expert on distressed loans. She later would obtain a patent for a method of turning around bad bank loans.

Tilton had enough money to retire comfortably at age 40 but decided to form her own company to “give back to the world.”

Her most challenging and endearing acquisition has been the helicopter company, one of the few that she personally has overseen and managed, Tilton said.

Because of parts problems, the company stopped producing helicopters in 2005, putting more than 250 jobs in jeopardy just before Tilton acquired an equity stake.

After going through three chief executives in one year, she personally took charge, handling the company’s reorganization while acquiring faltering businesses.

At the same time, she began to be the “face of the company” as she led the sales force and was able to regain the attention of its customers.

“She’s turned things around at MD, and I think that’s helped her gain some respect,” said Matthew Arnold, chief executive of Alabama’s Marshall County Economic Development Council, which has worked with Tilton on aviation matters.

The company expects to deliver 70 new helicopters this year, up from 52 last year.

“My ultimate legacy would be if I could keep people from going home and telling their families they’re unemployed,” Tilton said.

By Peter Pae  Los Angeles Times.   Source for this article is the Seattle Times Company.

InfoTube.net salutes Lynn Tilton and applaudes her effort to employ Americans and rescue US companies.  If I can be of service to you Ms Tilton, please let me know.  It would be an honor to work for you and I would do it for FREE.   Tommi Crow

New York City Man Hole Covers Made in India?

Wednesday, November 2, 2011 posted by Tommi Crow

This photo, sent by an InfoTube customer, perfectly illustrates the reason that the United States is going down the drain.  

Does NYC know that Pittsburgh, PA is a steel town?  Does Mayor Bloomberg realize that tens of thousands of taxpayers in Pittsburgh are unemployed, many losing their homes?  Does the New York City purchasing department know that Pennsylvania is located right down the road from the state of New York?

If “they were cheap” is the answer…I don’t care how cheap Indian man hole covers are.  If they were FREE, US workers and taxpayers can’t afford them.

In addition…wasting oil to freight heavy man hole covers half way around the world is slap in the face to US families and business.  The economy has been crippled by $4.00 a gallon gasoline and the billions of dollars that have been borrowed to fight wars for oil! 

I say Enough!   We believe that Americans have to start producing what America buys.  It’s really that simple. 

Thank you for visiting InfoTube.net.  We hope you join in us in our fight to Save American Jobs!!!   (Click here to read our David and Goliath success story).

Demand American products when you shop.  Together, we can turn this around.  Just look at what one, young woman did to turn the new bank charges for ATM’s around!!!!

Tommi Crow, owner of Crow Erickson, Inc and inventor of the InfoTube and InfoBox battled Home Depot and Lowes…and WON!!!    Now, she and her company get to keep selling their American Made products and her US workforce will stay employed.

To Read About this David vs Goliath Victory …CLICK HERE!!!!

What a ship….no wonder ‘Made in China ‘ is displacing North American made goods big time.

 This monster transports goods across the Pacific in just 5 days!!   This is one of three ships presently in service, with another two ships commissioned to be completed in 2012.  

These ships were commissioned by Wal-Mart to get all their goods and stuff from China .  They hold an incredible 15,000 containers and have a 207 foot deck beam!!  The full crew is just 13 people on a ship longer than a US Aircraft Carrier (which has a crew of 5,000.   With it’s 207′ beam it is too big to fit through the Panama or Suez Canals .
       
                    It is strictly transpacific. Cruise speed: 31 knots. 

The goods arrive 4 days before the typical container ship (18-20 knots) on  a China -to-    California  run.   91% of Walmart products are made in China .  So this behemoth is hugely competitive even when carrying perishable goods.      
 
The ship was built in five sections. The sections floated
together and then welded. 
The command bridge is higher than a 10-story building and has 11 cargo crane rigs that can operate simultaneously unloading the entire ship in less than two hours.

Cost for this container ship…$146,000,000

 A recent documentary in late March, 2010 on the History Channel noted that all of these containers are shipped back to China , EMPTY.

Yep, that’s right.  We send nothing back on these ships. What does that tell you about 
the current financial state of this country?    Let’s all just keep buying those imported goods (mostly, cheap nothing gadgets) until we run out of money, jobs, homes or all of the above.   

Just our two cents here at InfoTube.net…. We support American workers, products and companies.  We manufacture The InfoTube and InfoBox here in the USA, with materials Made in the USA…so don’t believe it can’t be done.  We’re just a little company.  If we can do, anyone can.  

Please Buy Made in America, whenever possible!!!   Our survival as a nation depends upon us turning this ship around!!!