4 Ways To Wholesale Real Estate

Want to invest in real estate with no financial risk and no money or credit? Wholesaling houses is a popular choice. I personally think wholesaling can be a challenging way to get started, but the fact that you can get started in real estate investing without any barrier of entry makes wholesaling an attractive option. If you can get good at this side of the business, you will be success with anything you want to do. The reason I say that is finding deals is what makes a wholesaler successful. If you can get good at finding deals, you have unlimited potential.

Once you find a deal, you need to understand how to sell it to make your profit. Here are four ways you can structure your wholesale properties.

Contract Assignment: This is the easiest, but comes with some risks if not done correctly. It is also somewhat restrictive as bank owned properties will prevent this. This works well when you negotiate your deals directly with the seller. The way this works is you will get a house under contract and then you will assign your rights in the contract to another buyer for a fee. That new buyer will take on the rights and responsibilities in the contract and will close in your place. It is best to get your fee paid up front, but it is very common to get your fee when your buyer buys the house. Here are a few things to keep in mind when assigning contracts.

Be sure that you always disclose to your seller that you are or may assign the agreement to another buyer for a fee. I suggest you actually put this in the contract. Sellers should be OK with this if you are transparent that you are an investor who buys houses for a profit before you start to negotiate.

I would get money from your money that is at least enough to cover any earnest money you put up with your seller. That way if your buyer defaults on the agreement you at least cover your costs. Always try to get the entire fee paid when you assign the contract.

I like this way the best because it is easy to do on your end, it is easy for the buyer and the buyer’s lender, and it is the cheapest way to go.

Double Close: This just means that you actually buy the house and then resell it. There are several ways to do this, but the most common is to buy and sell in the same day or within a day. Typically, you will need to bring in financing to get your closing done with the seller, which is why this is my least preferred method to wholesale. Also, because you have two closings you will have two sets of closing costs, so it is the most expensive way too. With that said, some wholesalers prefer this method because they do not have to disclose to the seller their intent to resell and they can both keep their deal with the seller and their deal with their buyer private. It is believed by some that this is a good way to protect your profits. The information will all become public record at some point, but that is well after the closing.

This is the method you will use by default if you do not do your contract on the front end correctly, so we do see double closing frequently.

Flip the Entity: This has become the most common way to wholesale in my market. Most, if not all, the successful wholesalers will use this strategy. Especially when wholesaling foreclosures where contract assignments are forbidden.

The way this works is the wholesaler will set up a separate entity, like an LLC or a Trust, and put that entity as the buyer of the house to be wholesaled. They will then sell the entity itself for a fee. The benefit with using this strategy is that actual contract on the house does not change. Since the buyer of the house is the entity, there are no issues with any regulation or assignment restrictions. The downside is it could be more work because of the extra step to set up the entity, and there could be additional fees to register the entity with the state. The risk for the buyer is whenever you buy a company you are buying all of it. So, if the entity was used in another transaction and owes money to anyone, the new buyer could be on the hook. Knowing this, the best way to do this transaction is with a brand-new entity used for this one purpose.

Relationship Close: I don’t know if there is an actual name for this method. In fact, it is rarely seen. What I mean by relationship close is that you have such a strong relationship with a buyer that you write offers in the buyer’s name. For this to work, you should be a licensed agent and preview houses for your buyer. You would need to understand their criteria and only offer on houses they will want to buy. I have a client that works this way. He has an agent write his offers and the agent/wholesaler gets paid a commission with each successful closing. They do 2 to 3 deals a month with this strategy. My client just signs contracts without looking at them at this point and trusts what the wholesaler is putting together solid offers. There is always an inspection clause protecting the buyer and the agent, but more than 9 out of 10 houses that go under contract close. That is because the agent/wholesaler knows the business and knows what this buyer will buy.

I would stay away from this method, especially if you are just starting out. A lot can go wrong. I wanted to mention it because it is one of the 4 ways that I see people wholesale. If you are just getting started I would focus on contract assignments and then flipping the entity.

How to Take Care of Pets

In today’s busy and self-centered world when no one has any time for anyone else, pets in our homes make for the best friends and companions we can ever hope to have! The joy and enthusiasm that my pet dog greets me with when I reach home at the end of a long and arduous workday immediately lifts my spirits and any tiredness I bring back with me vanishes into thin air. Pets are loyal, faithful, unconditional and spontaneous in their love and benefit us in several ways.

In return, it is important for us to ensure we care for our pets too in the best way possible.

Here are some key ways in which you can make sure you are being a responsible pet owner and carer!

Space: Pets need to have a place that is safe, dry, clean and cozy. While deliberating on the choice of our pets we must carefully consider the space it will require for the aquarium for our fish, corner for our cat or dog or cage for the lovebirds we so wish to have! If an entire room is too much to think of, a clear and demarcated boundary can be created for your furry friend.

Diet: According to the pet that you own, you must strive to ensure they are fed a balanced and nutritious diet. Every species and breed in turn has foods that are permissible and those that can cause greater harm than good. Make sure you check with the vet and only feed your pet the right kind of foods and appropriate portions. Just as food needs to be carefully monitored, so too you must ensure that your pet has adequate and clean drinking water available.

Exercise: All pets need their space to be able to flex their muscles and spread their wings. Pets like dogs need to be taken for a scheduled walk regularly. Pet birds must have enough room in their cages not to feel cramped. A daily exercise routine will ensure your pets are healthy and happy

Medical Attention: Regular checkups with the veterinarian will make sure that your pet is hale and healthy and will help to diagnose any ailments well in advance. Vaccinations must be given in a timely and disciplined manner.

Cleanliness: All pets have cleanliness and hygiene needs. Pets like dogs and cats must be bathed regularly and groomed to keep their fur, hair, nails and skin well cared for. The area your pets are housed in must be cleaned and washed daily to keep the surroundings clean and pest free. Make sure also to keep your pet free of parasites like fleas, ticks and worms. Fish bowls or aquarium water needs to be changed appropriately in a timely fashion.

Supervision: While most pets once trained and habitual to their environment tend to stay safe it is important for a new pet to be supervised till they get a lay of the land! Inadvertently leaving the cage open could let the parrot or parakeet escape, dashing out of an ajar door could let the puppy or kitten to make a wild dash out onto the street which could be potentially dangerous.

The Alternative Investment Fund Regulations

What is an Alternative Investment Fund (AIF)

AIF is an Alternative Investment Fund Regulations privately pooled investment vehicle which collects funds from investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. AIF may be in the form of a trust or a company or a limited liability partnership or a body corporate.

Why AIF

AIF Regulations endeavor to extend the perimeter of regulation to unregulated funds with a view to ensuring systemic stability, increasing market efficiency, encouraging the formation of new capital and consumer protection.

Who are not covered

Currently, the AIF Regulations do not apply to mutual funds, collective investment schemes, family trusts, ESOP and other employee welfare trusts, holding companies, special purpose vehicles, funds managed by securitisation or reconstruction companies and any such pool of funds which is directly regulated by any other regulator in India.

Categories of AIFs

An AIF needs to seek registration broadly under one of the 3 categories –

Category I AIF: The following are covered under Category I

1. Funds investing in start-up or early stage ventures or social ventures or SMEs or infrastructure

2. Other sectors or areas which the government or regulators consider as socially or economically desirable including the Venture Capital Funds

3. AIFs with positive spillover effects on the economy, for which certain incentives or concessions might be considered by SEBI or Government of India or other regulators in India

Category II AIF: The following are covered under Category II

1. AIFs for which no specific incentives or concessions are given by the government or any other Regulator

2. Which shall not undertake leverage other than to meet day-to-day operational requirements as permitted in these Regulations

3. Which shall include Private Equity Funds, Debt Funds, Fund of Funds and such other funds that are not classified as category I or III

Category III AIF: The following get covered under Category III

1. The AIFs including hedge funds which trade with a view to making short term returns;

2. Which employ diverse or complex trading strategies

3. Which may employ leverage including through investment in listed or unlisted derivatives

Applicability of AIF Regulations to Real Estate Funds

After knowing what an AIF is and its broad categories, we analyse whether AIF Regulations are applicable to the Real Estate Funds

Firstly AIF has to seek registration under AIF Regulations under one of the three categories stated above. Therefore if a Fund does not fall under any of the three categories stated above, then it will not seek the registration with SEBI.

If we look at the Category 1, registration is required by funds which invest in start-up or early stage ventures or social ventures or SMEs or infrastructure

If we look at the definition of infrastructure, Explanation to Regulation 2 (m) states that Infrastructure shall be as defined by the Government of India from time to time.

And in the normal parlance, the term typically refers to the technical structures that support a society, such as roads, water supply, sewers, electrical grids,

telecommunications, and so forth, and can be defined as “the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions.

Therefore infrastructure does not include the real estate or construction activity since this activity deals in investing in land, developing the land by way of construction of flats, townships and other residential and commercial projects.

But if the real estate fund carries on certain projects for a social purpose like purchasing land for charity etc.; then the fund may be covered under social venture funds.

The clause further states that ‘or other sectors or areas which the government or regulators consider as socially or economically desirable and such other Alternative Investment Funds as may be specified;’

The AIF Regulations have been notified just a few days back and till date, no other AIF funds have been specified in the Category 1 by the Government. Further what the government or regulators consider as socially and economically viable is a very broad concept. However, till the Government specifically comes out with specific inclusions under Category 1; a Real Estate Fund will not be covered under Category 1 and therefore would not require Registration.

Further, the clause also states that – Alternative Investment Funds which are generally perceived to have positive spillover effects on economy and for which the Board or Government of India or other regulators in India might consider providing incentives or concessions will bee included

By adding these lines to the Category 1, SEBI has made the category 1 very vague and open to dispute and litigations since what SEBI intends with positive spillover effects on the economy is not defined or clarified. Different people or organizations may have a different opinion on this which would lead to unnecessary litigations and hardships to business owners. However, till any clarity comes on this, the business owners need to take a cautious approach to the decision of seeking Registration under AIF Regulations.

Category II AIF

Now we examine whether a Real Estate Fund falls under the Category II AIF

If we look at the funds covered by Category II above, they

1. Shall not fall in Category I and III

2. Shall not undertake leverage or borrowing other than to meet day-to- day operational requirements and as permitted by these regulations;

3. Shall be funded such as private equity funds or debt funds for which no specific incentives or concessions are given by the government or any other Regulator

For Real Estate Fund under Category I, we notice that at present it does not fall under Category I and it also does not fall under Category III since these are basically hedge funds. Further, no specific incentives or concessions are given by the Government to the Real Estate Sector. Therefore if we look at the applicability of Real Estate Fund under Category II, these funds may fall under the Category II AIFs if they do not take leverage or borrowing except for short-term requirements.

Impact of AIF on the Real Estate Funds

Under these Regulations, the minimum investment amount has to be Rs 1 crore from each investor. Therefore attracting the funds from the investors would become tough for the real estate funds, who used to raise amounts as less as INR 1 million from the investors. Now they would need to find high-value investors though this is not the only challenge that lies ahead for those raising domestic corpuses. They now also have to invest 2.5% of the corpus or Rs 5 crore, whichever is lower, to ensure that the managing company’s risk is aligned with that of the investor. Moreover, a single investment in a company or a project cannot exceed 25% of the entire corpus.

Further a Real Estate Fund registered in the form of an LLP also would be covered under the AIF Regulations. In an LLP Structure, since the investors are also partners, the risk to the rights of the investors being misused is very minimum. Therefore applying the AIF Regulations to the LLP Structure would reduce the flexibility available to such a Structure.

Conclusion

If we look at the AIF Regulations from a short term perspective, in light of the difficult fund raising environment today, the higher ticket size for investors could potentially throw up some challenges and could in a manner constrict the growth of the asset class, but clearly, in the long run, these regulations appear to have an element of maturity to play a pivotal role in the development and shaping up of the future of alternate asset class in India. It is also clear that alternative investments are more sophisticated and risky as compared to investments in equity and debt and till market matures it is advisable that only HNIs and well informed investors make an investment in this asset class and once the market matures it is made open to all. In the long run, we may see more investments in the Alternative asset class (in terms of quantum and maturity) due to the increased investor confidence in these funds.

Homestay In Goa – What To Expect

Goa is indeed one of the best places I have chosen to be my holiday destination. There is just so much to enjoy and see here, from the rich history of the culture and fun activities. The beaches like Querim Beach, Arambol Beach, Mandrem Beach, Morjim Beach, Chapora Beach in North Goa are definitely a must visit while here because I am a big fan of sun and sand. This is one destination that has never let me down as far as having a time of my life during the holidays goes.

Accommodation in Goa is not a problem; the options are numerous. Homestays are some of my favorites because of the many benefits they come with and with so many fairy spread across the region, I always have an easy time finding my ideal homestay in the area to make my holiday as memorable and convenient as I wish for it to be. But what exactly makes homestay in Goa so attractive? If you are thinking of homestay for the first time, here is what you can expect from the properties here.

  • Lots of homestay options. If there is one thing I love about Goa is that it does not limit me to a few options when it comes to homestay. There are just so many you can choose from with some of the most popular properties being Riviera Hermitage, Royal Land Scape, Castelinhos and Parth Holiday home among many others. I advise that you check out what each has to offer so you can select a property you are bound to enjoy to the fullest throughout your stay in Goa. It has always been easy for me to select based on property type, themes I am interested in, locality and the landmarks. This way, I have always landed a property that is convenient for me in every sense.
  • Tranquil atmosphere. One of the things I have noticed about the majority of the Homestays here is that they all have beautiful relaxing surroundings. I just love how serene the atmosphere is in the properties, making it possible for me to forget all my worries and stresses. If you are looking for pure relaxation and rejuvenation like I am always seeking, then the homestays are the way to go. I enjoy coming home to my homestay after a crazy crowded day full of activities and sitting on a calm beach like Anjuna Beach, Baga Beach, Calangute Beach and Candolim Beach.
  • Comfortable rooms. Every item in the homestays here seems carefully selected to give you nothing but comfort. I also love how well equipped these rooms are and the modern to ensure I miss nothing at all during my stay. The properties all come with modern facilities to make the perfect home away from home!
  • Perfect locations. Apart from the amazing tranquil atmosphere, Goa Homestays are located strategically to make it possible for travelers to easily stumble on what they find most attractive during the holidays here. You can visit the local tourist places like Reis Magos Fort, Museum of Goa, Shantadurga Temple, Mangeshi Temple, Deltin Royale Casino etc. Whether it is the history I am interested in or the local culture and cuisine, or the beaches, there is always a perfect choice of property to keep me closer to what I love the most.

Picnics & Pointers

Picnics have been around for as long as people have been eating meals (even if they didn’t realize it at the time). Over the years, the “dictionary definition” of picnic has changed; however, the original relaxed setting associated with a picnic still resonates today. The mention of a “picnic” versus a “cookout” or “BBQ” tends to take one down a slower, nostalgic path. Taking food out of the kitchen and moving to a less formal setting has been enjoyed throughout the ages.

Whether in a park, at a festival, on a hike in the woods, or in your own living room, having an informal meal in a setting other than your normal meal setting will put one in a frame of mind that alters significantly from what is commonly referred to as breakfast, lunch, or dinner. Formality is no longer at the forefront of the meal. The lack of formality tends to lead to more open, fun communication with those you choose to have at your picnic.

It’s best to keep the food simple. One should not over-complicate a picnic meal. Keeping the items simple and light will lend to the change being incurred with the change of scenery. Items such as finger sandwiches, crackers and cheese, meat and cheese wraps, fruits, nuts and/or vegetables are all simple foods that provide sustenance and variety when planning a picnic.

The foods and location you choose will dictate whether or not you require to keep the food cold or if it requires heating once you arrive. There are cool packs, small grills and solar warmers that can be used almost anywhere these days. Be sure to keep your food stuffs at the appropriate temperatures to prevent food born illnesses.

Whenever there’s a meal, drinks should definitely a consideration. Water, wine, soda, coffee and tea are all popular. Small coolers of ice and reusable cups are always a good idea. Should you decide on wine, be sure to pack a corkscrew or you’ll be very sorry come mealtime.

Your location will dictate some of the supplies you will need to have available and carry with you on your route. If you’re in your living room with the furniture pushed back to create a space, the weather is likely not going to have an impact on your event. However, if you choose an outdoor setting, weather is a definite consideration – from what to wear to what you might bring with you. Umbrellas are great for beaches and unpredictable weather while backpacks and outdoor gear are more suitable for true outdoor enthusiasts that may be hiking to their final destination.

As you are considering what to eat and drink and where to have your picnic, there are other items highly recommended to have on-hand. Other items that come in handy when picnicking are:

  • Plates & Utensils
  • Napkins and/or Paper Towels
  • Salt & pepper
  • Blanket (in the event there are no picnic tables where you end up)
  • Sanitizing Wipes
  • Garbage Bag(s)

If you’ve never been on a picnic or it’s simply been a long time since your last one, please make a plan and take a moment to relax and enjoy the smaller things in life; starting with a picnic.

Plans for Your Business Venture

Whatever the health and condition of your business venture, it will benefit from planning. Business planning of all types provides a road-map that guides the leadership team to successfully achieve business goals.

I’ve taught business plan writing for more than 10 years and I’ve also developed a one-day business plan writing workshop. As I see it, the process of business planning gives company leaders opportunities to see the big picture and remove “magical thinking” from the process. Business planning first reveals if the proposed goals are potentially viable and second, requires that we devise strategies that will make them a reality.

What your team wants to achieve will shape the plan that is written. For example, if the mission is to launch a start-up that will require significant outside investment, then the plan will include detailed financial projections. Additionally, marketing strategies that delve into customer acquisition, the competitive landscape, the logistics of the product or service launch, messaging and sales distribution, along with operational aspects such as manufacturing, staffing and quality control, must be thoroughly detailed.

Solopreneur consultants will focus heavily on marketing, in particular defining the target clients and client acquisition; providing services for which there is adequate demand; and appropriate pricing. Financial planning will focus on allocating the budget to support promotional strategies and marketing campaigns.

Whether the plan will be used to launch a big venture and attract outside investment money or open a boutique-style consulting service, include the following elements:

EXECUTIVE SUMMARY

Present the business mission statement here. Include as well the date the business was formed; the leadership team and other key management personnel; the credentials or experience that make you and the leadership team uniquely qualified to launch and successfully run the venture; the business legal structure (LLC, Sole Proprietor, or Corporation); the products and services; one or two key competitive advantages; a concise overview of sales projections; and the amount of capital needed if recruiting investors or obtaining bank financing is a goal.

BUSINESS DESCRIPTION

It’s traditional to present a brief description of your industry and its outlook, nationally and regionally. Give the details of your products and services and briefly discuss how they’ll be used by target customers. Identify whether the venture is B2B, B2C, or B2G. If the organization holds a patent, review the competitive advantages that it will convey. Have there been any technological advances that will help or hinder the enterprise? Divulge the details here.

MARKETING

This element is a big tent that encompasses sales, product or service distribution, competitors, advertising, social media, PR, networking, branding, customer acquisition and pricing. Plans written for a small organization will spotlight the role of marketing because for Solopreneurs, success hinges on identifying and reaching paying clients, as well as pricing the services advantageously.

FINANCE

Whether you’re wealthy enough to self-finance or the venture is small and not especially demanding of capital investment, the leadership team nevertheless needs to know with a reasonable degree of certainty how much money will be required to achieve important goals.

The plan might be written to support financing for the acquisition of new office space, additional staffing, or manufacturing equipment. Bank loans typically require a business plan to demonstrate how the investment money would be used and how the organization will generate funds for loan repayment.

If the goal is to attract investors, they’ll need to be convinced by the projected sales revenue figures (as will the bank), so they’ll know when their investment will be repaid and when to expect profits if they are made co-owners of the business. A break-even analysis, projected income statement, projected cash-flow statement and projected balance sheet are required by those who will need significant money.

OPERATIONS

How will day-to-day business processes function? Tell it here, along with providing the organizational chart, the business location, the method of producing that which you sell (if you are, for example, a freelance book editor or graphic designer, you produce the service yourself), your usual sub-contractors (if you are a special events organizer, who are your preferred caterer, florist and limo service?) and quality control methods. This element is about logistics.

Instant Travel Loans & More About O’Spicy Calicut

Travel loans have become a convenient way to fulfill all your travel dreams without having to worry about money. This is because you can easily opt for quick personal loans from online lenders and pay back over time without compromising on your monthly budget. This week, I would like to tell you more about a quaint coastal town in Kerala and why that travel loan would be worth it.

A land where whiffs of ‘Sulaimani’, the local black tea follow you around! Where the legendary ‘Kozhikode Biriyani’, Banana Chips and ‘Kozhikode Halwa’ hold their own amidst the greatest of Asian cuisines! Where you can soak up the Mystique Malabar and become one among them in no time at all…

Here’s your answer if you are wondering why you should endure a 5 hour journey from Cochin to Calicut. And that is not all. You can just congratulate yourself on stumbling upon an offbeat experience oozing with warmth.

Forever a flourishing spice trading coastal town, Calicut, the erstwhile seat of the formidable Zamorin Empire has a particular draw- the Kappad beach to trace the trail of Vasco Da Gama’s first step to the nation back in 1498- something that changed India’s destiny drastically for hundreds of years to come. Or hop to Beypore to watch colossal shipping vessels called ‘Urus’ being manufactured. More than touristy, Calicut is more of a break from your regular Kerala trip that encourages you to do nothing but absorb the friendliness & serenity flowing all over.

A hunting ground for Ayurveda treatments and ethnic spices, both a terrific hit among the travellers and locals alike, you’ll feel the small town getting bigger and bigger in your eyes. If you are a fan of quietude, we suggest you visit Harivihar Ayurvedic Retreat, a mere 10 minutes from the main town by rickshaw. Calicut Ayur on the banks of Iruthully River too is an idyllic choice. These retreats are so designed that the moment you step inside, the outside noises seem to magically disappear. Quite tempting, isn’t it, to sign up for a massage session?

If interested, you may check out the local Kerala Martial Arts Centre nearby. Clangs of swords and urumi (a very traditional & even more dangerous weapon) add to the surreal experience watching the fighters moving with frightening agility.

A visit to the Theeram Nature Conservation Society around 30 km away from the north of Calicut can shake awake the hidden naturalist in you. The story of its inception is that inspiring. Gobsmacked to find that the Olive Ridley turtles, a part of their staple food, a bunch of local fishermen of Kolavipuram shore to rig up a small turtle hatchery. If you’re visiting Calicut during November to December, you may catch sight of female turtles appearing on the beach to lay eggs, which will hatch in 2-3 months.

People jokingly say that Calicut has more textile shops and eateries than natives. Though a huge exaggeration in itself, you will kind of agree as you walk past oodles of such enterprises. The popular ‘Mittayi Theruvu’ (Sweet Meat Street), close to Mananchira Square is a lively testimony to that. Wandering amidst the street with the swirling mass of busy people can consume your entire afternoon. Its narrow lanes seem to course with the din in tiny sarees and chappal shops punctuated with bakeries that are essentially ephemeral Pandora boxes of pleasures.

As you raise hands to bid farewell to this small town, you will muse that getting off the beaten path was worth it.

Received a Copyright Infringement Notice? Now What?

Are you one of those who just received a TCYK LLC letter? In order for such a letter of claim not to become a TCYK LLC lawsuit eventually, it is a must to know some what-to-do guidelines when receiving notices for copyright infringement. So, read on; this article might help.

Let’s start with some FAQs:

Who sends a letter of claim?

Only 3 sources are authorized to send you a letter of demand for copyright infringement, and these are:

  • An exclusive licensee or someone who has an exclusive copyright license of a certain creative material
  • The owner of the copyright
  • The solicitor/s and anti-piracy entities who have been hired by copyright owners to chase infringers

In some territories and selected cases, the ISP may also have the right to send a copyright infringement notice to warn subscribers of their illegal downloading and/or file-sharing activities.

What to do next?

You need to respond to the letter of claim within the period specified on the letter. In England, it is a general rule to reply to a letter of demand or copyright infringement notice within 14 days after receiving the letter, whether you are guilty of the allegation or you are not directly responsible for the infringement. This is why proper understanding of the letter’s content is a must before even thinking of responding through email or phone call. Take your time knowing the details of the allegation, and consider seeking professional legal assistance if there are things you want to be clarified. Aside from asking legal advice from a solicitor, you may also get in touch with the letter sender directly through the hotline provided on the letter. This way you can easily get more information regarding the allegation against you as well as prevent any more serious consequences like litigation. Responding to a letter of claim immediately also lets you clear your name if ever you did not really commit the infringement.

So what should you do to stop receiving another copyright infringement notice?

  1. Stop downloading copyrighted materials. Yes, it is as simple as that. Most things you see online are owned by someone, and it is better off not to take something that’s not yours, unless you have already acquired permission from the rightful owner. However, there are also copyrighted materials that are made available by the copyright holders themselves through a Creative Commons License, which means you are actually free to make use of certain music and other creative materials online. Although there is this exception, it is still important to note that most free films you see online should not be really free and are still owned by people or entities, therefore you are most likely required to pay for downloading and/or sharing them.
  2. Check your internet connection usage. It is also important to know everyone who has access to your Wi-Fi connection to easily track the person/s responsible for any infringement, especially if you are very much aware that you haven’t really tried downloading or sharing copyrighted materials through your PC and other devices at home. You can check who accessing your wireless router by looking into its logs of connections, which most routers do have. You may also acquire assistance from your ISP in order to make sure that only you and your family or anyone in your household are the only ones accessing your internet connection, therefore not putting you at risk of any illegal downloading and other copyright infringement allegations.

These are just some of the basic precautionary measures you can do to stay away from letting a letter of claim turn into a TCYK LLC lawsuit.

Interesting Facts About Lamborghini

1. Automobili Lamborghini S.p.A. is an Italian automobile company that makes luxury, high end sports cars. Its has it headquarters in Sant’Agata Bolognese, near the city of Bologna, Italy. Lamborghini was founded by an Italian engineer Feruccio in 1963.

2. Automobili Lamborghini S.p.A. emerged as a result of competition between Feruccio Lamborghini and Enzo Ferrari (of Ferrari cars ) who at that time already had been known as a famous manufacturer of sports cars. Feruccio Lamborghini himself was an accomplished engineer; he was an owner and manager of a successful company, which produced agricultural machinery. Feruccio loved sports cars and owned a Ferrari 250 GT. A rumour has it, that two great constructors had a conflict after Lamborghini had turned personally to Enzo Ferrari because of the broken clutch on his Ferrari 250 GT. It is believed that quick-tempered Enzo recommended Feruccio to deal exclusively with tractors, and never even touch a sports car. Feruccio Lamborghini took it as a challenge resolving to use his assets, experience, and passion to found a company, capable of going toe-to-toe with Ferrari.

3. This may come up as a surprise to some of you, but Lamborghini never participated in any major motorsports competitions. According to the will of Feruccio Lamborghini, his company stayed away from racing, because the famous Italian engineer always believed the motorsports to be a big waste of time and resources.

4. One thing Lamborgini was always known for is its top-notch design. Some of the best professionals in the industry, including Franco Scaglione, Touring, Zagato, Mario Marazzi, Bertone, ItalDesign and Marcello Gandini, worked on its visual design.

5. People usually think of luxury and high-performance grand tourers, whenever someone mentions the name Lamborghini. Nevertheless, the Italian automaker has created few unusual models. Feruccio Lamborghini had an extensive experience in producing tractors, so it seemed natural for him to try his hand at designing an automobile with high off-road capabilities. Lamborghini LM002 was the first SUV, built by Italian vehicle manufacturer. Combining speed and luxuriousness with exceptional off-road capabilities, Lamborghini LM002 was in many respects far ahead of its time. When it comes to comfort and ability to cross the difficult terrain, only Land Rover could compete with LM002. Unfortunately, automobile market was not quite ready for the new luxury SUV. Therefore, despite the orders from armed forces of Saudi Arabia and Libya, Lamborghini sold only 301 vehicles.

6. The Italian automaker launched its first production model in 1963. With the top speed of 280 km / h, Lamborghini 350GTV was a leader among production cars of its time.

7. The Italian company uses very distinctive naming convention for its car models. Feruccio Lamborghini was quite a fan of Spanish bullfight. In 1963, he visited the cattle-bred farm Miura in Seville. It was owned by Don Eduardo Miura Fernandez, one of the most famous breeders of fighting bulls in Spain. This visit had a strong influence on the Italian industrialist. In fact, he was so impressed by the traditional art of bullfighting, that he made a decision to name all his new sports cars after famous fighting bulls. Traditionally in Spanish bullfight, bulls that manage to defeat a matador are given life, and their names are forever inscribed in the history of the sport. Ferruccio Lamborghini was convinced, that a name of a fighting bull will emphasize the untamed nature of sports cars created under Lamborghini marque. By the way, Ferruccio Lamborghini himself was also a bull in a sense, since his zodiac sign was Taurus. (He was born on April 28, 1916).

8. The first model to be introduced to the world under the “bullish” name was Lamborghini Miura. The sports car debuted at the Geneva Motor Show in 1966. The public warmly received it; however, spectators were somewhat confused, since they were not allowed to open the hood. This was not a coincidence: there was simply no engine under it! Since the engine was still being designed, the prototype was sent to the Geneva Motor Show with a ballast instead of an engine under the hood. Eventually, Miura proved to be a very good car.

9. Lamborghini Countach was produced by the Italian company for 16 years (from 1974 to 1990). Notably, this sports car is one of the a few Lamborghini models, with a name that has nothing to do with bulls and bullfighting. The word “countach” comes from the Piedmontese language, spoken in a region of Piedmont in North-West of Italy. It is an expression of excitement or astonishment and can be translated as “Heavens!” According to the legend, Nuccio Bertone himself made such an exclamation when he saw the first sketches of the future supercar.

10. The story of Lamborghini was not always a story of success. In 1987, the American automobile giant Chrysler, practically saved it from oblivion by acquiring it. The same year, the Italian vehicle manufacturer presented a peculiar concept car under the name of Portofino. It was a sedan with four doors of the guillotine type, powered by a 3.5-liter engine installed at the rear. Although it remained only a prototype, its image and design was subsequently embodied in many Chrysler cars.

11. In 1994, Lamborghini was acquired by an Indonesian investment group. It was a period of uncertainty for the Italian marque. The German automobile giant Volkswagen saved the famous vehicle manufacturer. Since 1998, Volkswagen has controlled Lamborghini through its subdivision Audi. Undoubtedly, this was a mutually beneficial union for both companies.

12. The design of modern Lamborghini is unusual even for supercars. The steel-cut body style, which became the signature of most Lamborghini models, makes it akin to fighter planes. The designer Filippo Perini admitted that he drew an inspiration from military aviation. He was particularly impressed by American B-2 and F-22 aircraft while working on Lamborghini Aventador.

13. It turned out that the powerful Lamborghini V12 engine is a perfect fit for speedboats as well as supercars. Such a technical symbiosis is not a common thing in automobile industry. The luxury boat Riva Aquarama became one of the leaders of the market thanks to high performance and versatility of the incredible Lamborghini V12 engine.

14. Interestingly, Lamborghini cars are used by the police of United Arab Emirates and Italy. It makes sense if you think about it; nothing can detract criminals and attract tourists like the world’s fastest police car!

15. As we have already mentioned, Feruccio Lamborghini neglected motorsports and tried to stay away from it. Nevertheless, the Italian vehicle manufacturer is revising this strict policy, since today it is a handicap for an automaker that specializes in supercars to ignore motorsports in its entirety. Currently, the company has some notable presence in the world of car racing. The Lamborghini Blancpain Super Trofeo is an example of a successful collaboration between the two legendary brands. Automobili Lamborghini S.p.A. and the Swiss watchmaker Blancpain teamed up to launch this prestigious international motor racing series. In 2009, the Swiss company even presented a special watch, dedicated to this mono-brand championship.

16. This surprises no one that Lamborghini brand has some of the most impressive achievements in the automobile world. The last one was 384 km / h speed record set by the Lamborghini Huracan during half a mile race.

17. Lamborghini has a very long and fruitful relationship with Italian wheel manufacturer PIRELLI. From the day one, PIRELLI tyres were used on all Lamborghini vehicles. The Italian automaker even created the special version of Lamborghini AVENTADOR, dedicated to PIRELLI.

18. Lamborghini AVENTADOR has a designation of LP 700-4 700 where “700” stands for 700 h/p engine and “4” for a four-wheel-drive.

19. Lamborghini is partly responsible for the emerging of the well-known automobile marque Pagani. The founder of the Pagani Automobili S.p.A, Horacio Pagani, had worked as an engineer at Lamborghini until he quit due to inability to employ his own ideas. In 1988, the famous Argentinian constructor, eager to put in use his designer talent and make his own product, created a new company Pagani Automobili S.p.A.

20. Nowadays, Lamborghini supercars are powered by either V8 or V12 engines. The ratio between those two engine types is approximately 3:1.

Kancheepuram Silk Sarees Online Shopping

Kancheepuram Silk Class

If you are someone who is looking forward to getting yourself some traditional Kancheepuram sarees but don’t really know much about Indian ethnic fashion, then the best option for you is to get to know some information about Kanchipuram silk sarees. Kanjeevaram sarees come from the very popular city of Kanchipuram in the state of Tamil Nadu. The city is referred to as the ‘City of a thousand temples’. It is in the bylanes of this ancient city that the silk of the best quality is painstakingly handwoven to create this incredibly resplendent saree style.

The main raw materials used in the making of these sarees are pure mulberry silk threads, zari (gold and silver threads) as well as traditional dyes. Kancheepuram silk sarees are an integral part of marriages in South India. Suitable for women of all ages, types of functions and ceremonies, they form an integral part of every Indian Bride’s trousseau. These sarees are treasured so much that they are often passed down through several generations. The history of Kancheepuram silk has its origins about 400 years ago. The famous Chola King “Krishnadevaraya”greatly encouraged the trade of silk during his reign.

Although this splendid artform suffered a temporary setback during the French invasion in the 17th century, it gained momentum eventually. Kancheepuram sarees are highly sought after all over the globe. Their sheer exquisiteness attracts people from regions far and wide. The zari used as decorative features is a blend of gold and silver threads.

After realizing the importance of preserving this wonderful art and occupation and its tremendous potential, the State and Central Governments have taken various measures to protect these age-old art forms. Kancheepuram which is a town in Tamil Nadu with more than 150 years of weaving tradition is brimming with highly skilled artisans and craftsmen whose skills have been passed down through the generations. These sarees are characterized by gold dipped silver threads that are woven on premium quality silk.

Kancheepuram silk is thicker than almost most other silk varieties, and is therefore more expensive. The heavier the silk, the better the quality. Peacock and parrot are the most commonly featured motifs on Kancheepuram fabrics. Although lightweight kancheepuram sarees are also popular as they are easier to wear and more affordable, the traditional varieties are still the most sought-after.