A Real Estate Formula

It was a simple real estate formula. The ads ran in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. Maybe a three bedroom home for $90,000, for example, with $4,500 down and $900 per month payments.

When a friend started doing the same thing he explained the process to me. It was a way to get a great return on capital, and it was the opposite of buying with no money down. There is no down payment at all when you buy, because you buy for cash.

The Simple Real Estate Formula

You probably know that when you buy for cash, you can often get a much better price. With no financing contingencies in the offer, and the promise of a faster closing, sellers are willing to sell for less. You can offer $95,000, for example, on a house that might be worth $108,000. If you can't get it for less than, say, $99,000, you walk away - there are always other opportunities.

Once you buy the house, you put few thousand into high-return repairs and improvements. These might include paint, carpet, and maybe asphalt for a dirt driveway. For our example, we'll say you spend $5,000. Let's suppose the house is worth $116,000 now. You're ready for the next important step in this real estate formula.

You put it up for sale, targeting buyers who can't get financing easily. You provide the financing. Because you are making it easy for the buyer, you can get more than the $116,000 value for the home - and do it without paying a realtor's commission. Let's say you sell it for 123,000. The buyer needs a down payment of just 5%, or $6,150, and makes monthly payments of $1230 per month. You charge higher interest than the going rates at the banks, of course.

This is a win-win situation. Your buyer is able to buy a home instead of renting, and you get a capital gain of perhaps $16,000 after expenses, plus good interest. Your total rate of return will often be over 20%!

In our town, the first to do this consistently were a father and son team of lawyers. They saved money by doing their own foreclosures when necessary. Once they foreclosed, they raised the price and sold the home all over again.

They made millions. Did you know that if you can get an average return of 18% on your money, you'll turn $75,000 into more than one million dollars in about fifteen years? That's the power of a good real estate formula.

Garrett Smith
Utah marketing

Anterior Cruciate Ligament Injuries in Footballers in the Gulf

Football is a sport which is popular in the UAE, Oman, Saudi Arabia and Bahrain. Every town in the Gulf has a large stadium and the game is played in the streets and village playgrounds.

The game of football extracts a heavy toll of ligament and cartilage injuries of the knee joint. These are the commonest ligament injuries and the anterior cruciate ligament has been considered as the most valuable piece of connective tissue in the human body as professional football clubs hand over contracts to footballers worth several millions of Euros and dollars and withdraw them immediately if the player is injured. The MOH hospitals in Oman, Bahrain, and Saudi Arabia treat a large number of knee injuries. There have been a larger number of new concepts in the treatment of this injury.

ACL Injury(anterior cruciate ligament injury)Anatomical background-

The ACL (anterior cruciate ligament) is one of four ligaments stabilising the knee joint. Ligaments are cord like tissues, which connect one bone to another. In the knee joint there are four ligaments, namely the medial collateral (inner), lateral collateral (outer), the anterior cruciate and the posterior cruciate. The anterior cruciate ligament runs from the back of the thigh-bone to the front of the inner side of the shin or leg bone. It prevents the leg bone from sliding off in front from the thigh bone. The ACL injury can be a partial sprain or a complete tear

Mechanism of injury-

The most common mechanism is a sports injury where there is a cutting or twisting injury to the knee.

Activities for risk

Injuries in sports like football when the player tries to tackle from the back, his knee twists and he falls to the ground. Involvements in other sports like basketball, cricket, skiing and hockey can also result in ACL injury. A blow to the knee from the front. Patients with cruciate ligament injuries are prone to develop tears of the menisci(semilunar cartilages) and this can lead to secondary osteoarthritis

Symptoms

The person falls to the ground and is unable to continue the sport or activity which he was pursuing. He can feel or hear a popping sound in the knee joint. A swelling develops rapidly. There is a feeling of instability in the knee joint. Pain in the knee immediately, which worsens with the onset of swelling. Repeated giving away of the knee can occur as the patient runs around curves or while coming downstairs

What is the future for a patient with an ACL injury?

Complete ACL injuries result in instability of the knee joint. Whenever the person runs or comes downstairs rapidly the tibia slides off the femur. This can lead to repeated falls. These can result in injuries to the semilunar cartilages or menisci. Meniscal tears can lead to mechanical symptoms like locking or unexpected falls.

A combination of persistent ligamentous laxity and meniscal tears can result in the development of secondary osteo-arthritis.

Treatment- RICE

(Rest, ice, compression, elevation). An ACL injury is a serious one which needs medical attention immediately. The surgeon may aspirate the blood inside the joint to provide comfort. He may order a MRI scan to confirm the diagnosis immediately. An ACL injury can be treated conservatively in those individuals who are willing to restrict their sporting activity. For those unwilling to do so, surgical treatment is advisable. Surgical treatment consists of an examination under anesthesia, arthroscopy and ACL reconstruction. The orthopedic surgeon may decide to take a graft from the patellar tendon or hamstrings. Bony tunnels are drilled through the tibia and femur and the graft is fixed.

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