Steps to Getting the Best Commercial Real Estate Deal on Long Island

Stretching 190 kilometers eastward from New York Harbor to Montauk Point, Long Island is easily one of the largest and longest islands in the United States. Being an area that’s overwhelmingly populous and teeming with people out and about, it only makes sense to invest in Long island residential real estate.

How to Find Commercial Real Estate in Long Island

long island residential real estateAny real estate professional would definitely recommend anyone to invest in commercial property simply because there are plenty of benefits. There’s the continued cash flow, an open playing environment, profitable scale economies, the wide range of target market, reasonably-priced property, and of course, the higher payoff.

However, if you’re not a professional in real estate, how do you know you’re getting the best real estate deal and what distinguishes the good deals from the not-so-good ones?

As in most real estate investments, success has to start off with a fairly good blueprint. Here are a few tips to help you get a hint of a good Long island residential real estate deal.

1. Familiarize Yourself with what the Pros Know

If you really want to delve into the world of commercial real estate, you have to put yourself in the shoes of these professionals. For instance, you ought to know that residential property is assessed differently from residential property. The revenues from commercial real estate are related to the usable square footage, but with residential properties, it’s a different story.

There’s also a whole lot more cash flow when it comes to commercial property. The formula is quite simple. For example, you’ll earn more on multi-unit properties than commercial space that can accommodate only one tenant business.

2. Have a Plan of Action in Hand

You need to have a very specific set of goals to accomplish at the very beginning. What’s your maximum budget for a property? How much are your expected earnings on the said deal? How many tenants are paying rent?

3. Recognize a Good and Worthy Deal

You may not be a certified pro when it comes to Long island residential real estate dealings, but identifying a worthy deal when you come across one can be pretty handy. Remember that the pros do have exit strategies and for them, the ones you are willing to walk away from are the best deals. It also pays to have a keen eye by always looking for damages that need repairs, evaluating risks, and making sure that the property is able to meet your goals financially.

4. Know and Understand the Metrics of Commercial Real Estate

Some of the most common metrics used when assessing real estate include net operating income, cap rate, and cash on cash.

The bottom line here is when finding and assessing commercial properties, you have to have an eye for detail and have constant communication with the seller.

Basics of Golf Putters

Golf putters are some of the most important clubs in a golfer’s arsenal. In fact, many would agree that the putter is probably next in line to the golfer’s drivers. Most people who do not even play golf are familiar with putters.

Putters are those golf clubs that golfers use when they stroke a ball into the hole from a distance of a few feet. The putter is used for low-speed and short, relatively speaking at least, strokes. The point of putting is to make the ball role into the hole when it is only a short distance from the hole.

golf puttersThose who want to take golf seriously really need to understand what makes golf putters so important. Putting is one of the aspects of the game that require a great degree of precision. This is why so many golfers put so much time and effort into practicing their putting stroke. All of them want to get the best technical advantage in order to come out on top.

Understanding putters won’t be so difficult. A person just needs to be willing to learn what makes a good putter. Below is a brief rundown of some of the basic facts surrounding putters and elements that can affect their performance.

What are putters?

Putters in a nutshell are clubs that golfers use when they want to roll a ball a small distance into the hole. Putters are usually used on the putting green when the ball is but a short distance away from the cup. However, some courses have roughs and fringes which are quite close to the putting green that are also suitable for putting.

These golf putters can be distinguished from most of a golfer’s other clubs by some of its distinguishing properties. Putters have a clubhead that is very flat; it also has a low-loft striking face, and low profile.

Putters also have certain qualities that are unique to them and are not allowed on any other sort of club. Positional guides, bent shaft, and non-circular grips are qualities that are only allowed on putters.

How are putters designed?

Putters are made by manufacturers to ensure that the golfer is given every technical advantage possible. The putter affords the golfer a good impact, excellent glide, topspin ball launch without any bounces, and a smooth stroke.

The striking face of the putter is usually not perpendicular to the ground. This design feature is mean to allow golf putters to create a little bit of loft. This tiny amount of loft was meant to kick a ball out of any minor depression it might have made upon hitting the green. The loft is usually five to six degrees with the official rules dictating that the loft cannot be more than ten degrees.

The design of putters has evolved a great deal throughout the past several decades. The evolution in the putter head’s design is a result of the need to lower the putter’s center of gravity. For example, some putter club heads features peripheral weight. The peripheral weight gives the putter an improved moment of inertia. What this basically means is that the putter has a better sweet spot when swung compared to other clubs.

Putters of a different breed

Most putters are short. However, there are some putters which serve as an exception to the general rule when it comes to length. Some putters are made exceptionally longer than most in order to reduce a golfer’s degree of freedom. Reducing the golfer’s degree of freedom allows them to make more consistent puts. Golf putters with a long shaft help reduce a golfer’s minor twitches that can lead to the ruin of their game.

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Minting: How all Kinds of Coins are Produced

Mint is a word that a lot of people know about. Of course, not everyone knows what this word means to the world of coins and custom coins. This article aims to discuss what a mint is, the idea of minting, the evolution of minting technology, as well as known mints throughout the world.

Mint and minting defined

A mint is a facility which manufactures coins for currency. It’s not the mint that people use for flavour or collector-speak for something that’s in perfect condition. Minting, therefore, is defined as the process of mass producing coins as directed by government authority. The origin of the word mint associated with coin production is said to have come from Juno Moneta, the protectress of funds.

Minting through the ages

custom coinsCoin production started off in Lydia (present day Turkey) around the 7th century BC. Coins were then made out of gold, silver and electrum (a naturally occurring amalgam of gold and silver). These ancient coins were either casted out of clay moulds or hammered between engraved dies. This method of production lasted until the Middle Ages.

However, both hammering and casting had a downside which meant it would not last that long. That downside lies in the inability to produce a lot of coins in a relatively short time. With the introduction of the screw press, coin production skyrocketed. The screw press worked by using a screw to drive the press for striking coins. Combined with rolls to reduce cast bars and machines to punch out disks from metal sheets, coin production was at an all time high. This method would persist as the best in minting until a man named Dietrich “Diedrich” Uhlhorn came up with something better: the Uhlhorn Press.

The Uhlhorn Press, or a knuckle-joint action press, worked in the same way as a screw press, but without the screw mechanism itself. Its success paved the way for today’s standards in minting.

In today’s world, minting coins is a tightly guarded process. Today’s coins are so well-made that they’re sometimes considered works of art.

Modern Minting Process

The modern minting process starts the same way it did thousands of years ago. The process starts with an artist creating a sketch of the design to be minted. Once approved, moulds or dies are prepared to accommodate the design. To do this, the design itself is transferred onto a plastilene model that’s five times the size of the actual coin. This design is then transferred onto a rubber resin mould that is used to make a mould out of epoxy resin. From here, the familiar process of using melted rubber (a standard in making any kind of mould) to form silicone rubber is performed.

The epoxy mould is then mounted onto a pantograph which reduces the size of the design to the actual size, although that size is not reached until a few machines later. Once finished, this master punch is used to create coining dies which will then be used to strike the coins.

Once these coining dies are ready, the process of actually making the coins can start. All coins, whether they are used for currency or as custom coins, start off as blanks and planchets. A blank is an unfinished planchet that has not been processed for coin making; a planchet is a blank that has gone through the necessary process of making the metal suitable for striking. From planchets, the mint then strikes these metal pieces into the coins we know and love.

The process of minting for coins used as currency is a long and complicated road. Custom coins, on the other hand, go through a much simpler process, although it is quite similar to how normal coins are made. Designs are sketched out, dies are made, and blanks are eventually turned into planchets which will then be struck into the design of your choosing.The process itself is quite expensive, which is why there are dozens of minting companies have sprung up for people looking to make custom coins. There are a lot of ways to go about making custom coins, and choices range from do-it-yourself guides to minting companies that offer such services.