Foreclosure Essay -- Real Estate

Recent setbacks in the mortgage and financing sectors of the economy have modified the process of real estate acquisitions. Specifically, entry level investors with un-established or insignificant credit history have experienced difficulty securing collateralized loans with competitive interest rates. This is not to say that a weak credit history was disregarded prior to the real estate and bond market collapse in 2008, though, it has certainly become more difficult to attain financing for the purchase of real property.1 Fortunately, the proposed scenario for this essay indicates that I, the investor, acquired $150,000 cash to purchase a distressed property, which presents a unique opportunity from both investment and financing perspectives. However, achieving the greatest return on my investment requires a solid financial strategy, which includes: 1. Defining my risk parameters, familiarizing myself with the process of purchasing a distressed property, and performing thorough due diligence, prior to engaging in the purchase. 1. Exploring my financing options 1. Estimating a potential return on investment (ROI) For this exercise, I will focus on purchasing a distressed property to generate rental income, as a long-term investment. Therefore, the following sections of this essay will discuss my financial strategy as is relates to a distressed real estate purchase. DEFINING RISK PARAMETERS A Brief Discussion of Risk Management Regardless of investment type, an investor’s portfolio must account for risk. Whether it relates to stock or real estate acquisitions, risk directly correlates to the returns one can expect on an investment. Accepting higher levels of risk typically indicates that potential returns c... ...ategy, given $150,000, I chose to pursue an all-cash purchase of a distressed property, located in a generally stable area along the outskirts of Philadelphia. The property will likely be a two-story, 2 bedroom, tenant- occupied row home, priced between $115,000 and $125,000. The purchase price leaves approximately $25,000 - $35,000 cash, which I can use towards capital expenditures, and as a financial buffer in the event of tenant default. Additionally, from my knowledge of rental rates in the area, I am confident that I can earn $800 - $950 per month, which yields a ROI of 8% to 12%. My decisions were based on a logical and well-planned approach. Although accounting for risk is imperative, and success is never guaranteed, following my detailed financial and investment approach for acquiring a distressed property can maximize my present and future returns.

Hacktivism: The Anonymous Hackers. Essay

Hacktivism is the act of hacking, or breaking into a computer system, for a politically or socially motivated purpose. The anonymous hackers are part of the hacktivisim, it originated in 2003, however, in 2008 the group began to move toward political and social change. â€Å"We are Anonymous. We are Legion. We do not forgive. We do not forget. Expect us† (Brian 2012). The anonymous hacker group has presented itself in the street of different cities in the world after downloading a Youtube video asking all the anonymous for a meeting in the street, and starting their own community. â€Å"After WikiLeaks released hundreds of thousands of classified U.S. government documents in 2010, the ensuing cyber-attacks waged by all sides in the controversy brought the phenomenon of hacktivism into popular focus† (Noah 2012). After WikiLeaks many forms of hacktivism exploit illegal. The anonymous help in saving people life in Arab spring country. As in Egypt the anonymous team up tog ether from the US and Egypt to provide communication tools for Egyptian people after the Egyptian government starts shutting down the internet for the whole country (Brian 2012 Anonymous). The hacktivisim is used to search for freedom in Arab spring country from the dictatorial government. In Tunisia and Egypt, anonymous took down the government websites, and allowed people to enter the websites, and post their messages in the government consider it as freedom of speech as the websites own by the people not by the government (Kris 2011). Hacktivism most of the time is illegal act of getting secret information from our own government and publish it to the public. It looks for individual and group freedoms that may achieve with hacking (Shalin 2013). MasterCard, Visa, and PayPal also have been attacked by the anonymous hackers. A phone interview with anonymous in RT news about these hacking, the anonym said â€Å"that we did that for the movement of freedom of information speech† as the anonymous support WikiLeaks and the information that WikiLeaks provide, and these three company cut the fund to WikiLeaks. â€Å"On February 25 @AnonymousIRC, an Anonymous Twitter account with over 280,000 followers began posting â€Å"teasers† about a massive Bank of America data leak (Dell 2013)† the anonymous found 4.8 gigabyte of information about people career and salaries. The anonymous collective said â€Å"the data was actually retrieved from an open, insecure server in Tel Aviv, Israel, but also managed to obtain a full version of Clear Forest’s text analyzing software (Dave 2013)†, and at the end the anonymous left a message asking about these information and why it’s in the Israeli server. The anonymous isn’t about the good guy or the bad guy; it’s the character of the individual. One minute they are heroic and good in saving civilization. A few minutes later they are hacking, and doing unethical thing by hacking personal information and put them for the public, and steeling credit cards. â€Å"Anonymous was never anyone’s personal army, and never stayed on any one topic for very long (Quinn 2011).† The anonymous can be anything from anywhere, a child, a mother, a doctor, and a teacher anyone can be anonymous. The anonymous groups are people who have opinion, and they express their opinion with hacking corporation and government websites. They are looking for the freedom of speech and exchanging information among others without any limitation from the government that hide information from the people, and from the big corporations that they just look at the people as profit. The anonymous have been success of expressing their opinion in Arab spring country, and they were one of the biggest reasons in starting the revolution in those countries. The anonymous have been hacked many Israeli website to show the world the unethical act that the Israeli government does against the Palestinian people in Gaza. Hacktivism is expressing a lot of people opinion that they can’t say because they are scared of the government, and it is going to play major role in the future, like it’s right now or more. As the technology will get wider the hacktivism will get bigger. The anonymous might continue with same name or with different name, as long as, people looking for the truth and freedom hacktivism will stay around and grow. The Anonymous is a group of people from all over the world doing illegal acts, but most of the time they are showing the bad activity that government big corporation does to the people. And is hard for any government to follow them and a rest them, because they are anonymous and anyone can be one of them. Works Sites Anonymous Internet Users Team Up To Provide Communication Tools For Egyptian People (2011 January 29). http://www.huffingtonpost.com/2011/01/29/anonymous-internet-egypt_n_815889.ht ml Brian Knappenberger. (2013 February 26) Anonymous/4Chan/LulzSec/Hacktivism – Full Documentary. http://www.youtube.com/watch?v=4MYl1CbW5jY Dave Smith (2013 February 28). Bank of America Hacked By Anonymous: Hackers Leak ‘Secrets’ About Executives, Salaries, And Spy Activities. http://www.ibtimes.com/ Dell Cameron (2013 February). ANONYMOUS HACKED BANK OF AMERICA AND SEEMINGLY REVEALED THAT THEY ARE SPYING ON HACKTIVISTS. http://www.vice.com/read/anonymous-hacked-bank-of-america Kris Notaro (2011 March 9). From Tunisia and Egypt to Wisconsin: Anonymous Hacker Group Helps Take Down Insupportable Websites. http://ieet.org/index.php/IEET/more/notaro20110309 Noah C.N. (2012 July 1). HACKTIVISM: A NEW BREED OF PROTEST IN A NETWORKED WORLD. Boston College International & Comparative Law.

Essay on Legalisation of Prostitution in Queensland

Originally derived from the Latin word situere, meaning to offer for sale, prostitution describes the offering and provision of sexual services for financial gain. Pickles, (n.d), further describes prostitution as the carrying on of a trade or business by a person who submits her/himself to another for gain or hire for the provision of sexual services. According to the Australian Institute of Family 2008, sex work is broadly defined as the exchange of sexual services (including oral sex, vaginal and anal sex, sexual touching, masturbation and massage) for payment or reward. There are several avenues of sex work within the community including street work, brothel work, private and escort work whilst also table top dancing , which all†¦show more content†¦The first category of law deals with the punishing of prostitutes for the sale of sex. With the exception of New South Wales, street prostitution is deemed illegal across the nation and prostitutes may be arrested for loiteri ng for the purpose of gaining business (Australian Institute of Criminology, 1990, 2). Secondly laws are passed to punish those who are involved in the management and organisation of prostitution whilst there are laws punishing clients. There are only two categories of legal sex work within Queensland including that of private sex work, the unaccompanied/solo operation, and licensed brothel work (Prostitution and the law in Queensland, 2007,1). All other forms of prostitution are governed by, the Criminal Code Act 1899 (Qld) S229; which states that any persons who knowingly participates, directly or indirectly, in the provision of prostitution is guilty of a crime and may be liable for up to 7 years imprisonment. Further more the Vagrants, Gaming and other Offences Act 1931 S5; recognises that any persons soliciting or loitering, being a prostitute, behaving in a riotous disorderly or indecent manner in a public place; is accountable for engaging in the crime of street work (Prostit ution laws in Australia 1990, 2). Whilst this legislation proves to be of particular relevance today in regulating the presence of street work, the accuracyShow MoreRelatedProstitution : A Matter Of Numbers1107 Words   |  5 PagesLegalising prostitution: a matter of numbers Prostitution is commonly referred to as the oldest profession of the world, and this is far from true if we consider the definition of prostitution. According to Encyclopaedia Britannica, â€Å"Prostitution is the practice of engaging in relatively indiscriminate sexual activity in exchange for immediate payment in money or other valuables† (prostitution in Encyclopà ¦dia Britannica Online, 2015). There is little evidence of humans selling sex for payment inRead MoreThe Women Of The Prostitution Business915 Words   |  4 Pagesdirty connotations which come with it and people need to realise that it is not all about sex anymore and that these are ordinary women who deserve to be treated with respect. What should be done to help protect the young women that are in the prostitution business in Britain? If escorts are disgusting people, then why do they still exist? One in then British men have visited a prostitutes, which shows that there is a high demand for them. As long as these men are not forcing the women to do somethingRead MoreEssay about Regulating Prostitution4814 Words   |  20 PagesRegulating Prostitution Historically, although prostitution has been viewed as a threat to the moral order and a danger to public health, the state has tended to legislate for the regulation of prostitution, rather than introducing measures focussed on its elimination. Even early Christian societies did not seek to eliminate prostitution, with the Church fathers justifying this stance by asserting that Sewers are necessary to guarantee the wholesomeness of palaces. (quoted by de Beauvoir, 1974Read MoreEssay on Legalization of Prostitution in the United States of America1985 Words   |  8 Pagesforce anyone to do so. But when men or women do want to sell their bodies, they should have that full right without encountering punishment or discrimination.† Prostitution, often described as the world’s oldest profession is a legitimate criminal offence in 109 countries of the world today (â€Å"Human Trafficking Statistics†). Laws on prostitution vary considerably from country to country: in s ome countries it is punishable by death penalty (Iran - Facts on Trafficking†), in some it is a crime punishable