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The birth

This is the post excerpt.

The birth of Aladdin Enterprize began in 2010 after I read the book The Secret. Reading that book which talks about the law of attraction and what you think about is what you manifest in your life.

Because my life at that time had taken a bad turn which led to heart break  and a challanging divorce, caused me to rethink my journey and were the future lie. If what they say is true, what you think about is what is manifested in your life, then why was I in this situation. Divorce was far from what I wanted. Then I got thinking, and asking myself: what was I really thinking? I was content in my marriage, but was I really happy. Typically I’m always happy but I was having these negative thoughts. I could see and feel that my wife wasn’t happy and that made me sad. It made me think and do things that weren’t  my normal self. Because she was unhappy I would quetion her on what was wrong but she didn’t want to talk about it. Then my thoughts started to be directed to fear of loosing her which lead me to work more. Even though I wanted to spend more time with her I would spend more time away so we wouldn’t  argue. I thought if we didn’t argue then things would get better. As it turned out things didn’t get better they just got worse and that’s when she filed for divorce.

Since that time my thoughts changed to; What can I do to make my life meaningful again? I’m a people person. I love helping people get there dreams or help them accomplish a desire or job they are struggling with. That’s  when after reading the secret and in the book there was  the idea of Aladdin and the universe giving you what you think about, I wish I was Aladdin.  They said that the universe responds to your thoughts. Like Aladdin, your wish is my command. If only it was that easy.

I’ve been a carpenter most of my life. I owned and operated a construction company for 18 yrs until the down fall of my marriage. Thinking that shutting the business down would save my marriage, (wrong).  I was now working in the field just like everyone else, (employed) but not really happy or growing. My life became dull and boring. Then I thought I need to start another business to help people get there dreams. I need and want to make a difference in people’s lives. But what would I do? What do people need or want? I pondered over this for a long time. Then one day the idea of being like Aladdin and giving people what they want. (YOU WISH IS MY COMMAND) It became very obvious  that I should stat another constuction company and build houses, duplexes, apparent a and condos. I will construct them to the dreams of what others want. I will listen to there dreams and deliver exactly what the people are asking for. Just like Aladdin : You Wish is my Command.

That was the day ALADDIN ENTERPRIZE came to birth.

 

 

Insulation & R values

What are R-values?
In construction, the R-value is the measurement of a material’s capacity to resist heat flow from one side to the other. In simple terms, R-values measure the effectiveness of insulation and a higher number represents more effective insulation.

R-values are additive. For instance if you have a material with an R-value of 12 attached to another material with an R-value of 3, then both materials combined have an R-value of 15.

R-value Units
As we said before, the R-value measures the thermal resistance of a material. This can also be expressed as the temperature difference that will cause one unit of heat to pass through one unit of area over a period of time.

What are U-factors?
Many energy modeling programs and code calculations require U-factors (sometimes called U-values) of assemblies. The U-factor is the heat transfer coefficient, which simply means that it is a measure of an assembly’s capacity to transfer thermal energy across its thickness. The U-factor of an assembly is the reciprocal of the total R-value of the assembly.

Building Material R-values
The R-values for specific assemblies like doors and glazing can vary significantly based on special materials that the manufacturer uses. For instance, using argon gas in a double pane insulating glass unit will dramatically improve the R-value. Consult manufacturer literature for values specific to your project.

All this is well and fine but you may be asking: What does all this mean?
Well lets for a minute take a look at a standard house build before the 60’s.

A typical house then was build with 2×4 stud construction. Most often with R12 insulation,but sometimes builders only used an R8 insulation or even worse none. and wood siding.

MATERIAL THICKNESS R-VALUE

Air Films (Things like tyvek or building paper)
Exterior 0.17

Air Space
Minimum 1/2″ up to 4″ 1.00

Building Board
Gypsum Wall Board 1/2″ 0.45
Plywood 1/2″ 0.62
Plywood 1″ 1.25

Insulating Materials
R-11 Mineral Fiber with 2×4 metal studs @ 16″ OC 5.50
R-11 Mineral Fiber with 2×4 wood studs @ 16″ OC 12.44
R-11 Mineral Fiber with 2×4 metal studs @ 24″ OC 6.60
R-19 Mineral Fiber with 2×6 metal studs @ 16″ OC 7.10
R-19 Mineral Fiber with 2×6 metal studs @ 24″ OC 8.55
R-19 Mineral Fiber with 2×6 wood studs @ 24″ OC 19.11
Expanded Polystyrene (Extruded) 1″ 5.00
Polyurethane Foam (Foamed on site) 1″ 6.25
Polyisocyanurate (Foil Faced) 1″ 7.20

Masonry and Concrete
Common Brick 4″ 0.80
Face Brick 4″ 0.44
Concrete Masonry Unit (CMU) 4″ 0.80
Concrete Masonry Unit (CMU) 8″ 1.11
Concrete Masonry Unit (CMU) 12″ 1.28
Concrete 60 pounds per cubic foot 1″ 0.52
Concrete 70 pounds per cubic foot 1″ 0.42
Concrete 80 pounds per cubic foot 1″ 0.33
Concrete 90 pounds per cubic foot 1″ 0.26
Concrete 100 pounds per cubic foot 1″ 0.21
Concrete 120 pounds per cubic foot 1″ 0.13
Concrete 150 pounds per cubic foot 1″ 0.07
Granite 1″ 0.05
Sandstone / Limestone 1″ 0.08

Siding
Aluminum / Vinyl (not insulated) 0.61
Aluminum / Vinyl (1/2″ insulation) 1.80

Flooring
Hardwood 3/4″ 0.68
Tile 0.05
Carpet with fiber pad 2.08
Carpet with rubber pad 1.23

Roofing
Asphalt Shingles 0.44
Wood Shingles 0.97

Glazing
Single Pane 1/4″ 0.91
Double Pane with 1/4″ air space 1.69
Double Pane with 1/2″ air space 2.04
Double Pane with 3/4″ air space 2.38
Triple Pane with 1/4″ air spaces 2.56
Triple Pane with 1/2″ air spaces 3.23

Doors
Wood, solid core 1 3/4″ 2.17
Insulated metal door 2″ 15.00

Saving enery

With gas and electricity increasing almost every time you get your bill, we all want to save on energy loses to lower expenses.
Insulating and increasing the amount of insulation definitely helps. One other way is to stop thermo bridging, which is when the cold out side is transferred to the inside through the studs within the walk system.

Nelson homes has come up with a new green build to help save on those increasingly high energy bills; buy increasing the insulation of there walls to a R30 as well arrest the thermo bridging process.
With this new system you get the benefits of savings for a life time with very little increase in Initial cost.
Nelson Homes. The better way to build.

Panelization Versus Stick Framing

A Better Way to Build

Here is a video of how panelized framing saves costs in many ways.   It saves in labour costs, down time, waste Management, shorter build time, quicker to lock up stage, sub trades such as electrical & plumbing can start sooner, and much much more, which all leads to a happier customer and on to the next project sooner.

Aladdin Enterprize has been constructing panelized homes since 1999, along side Nelson Homes / Nelson lumber company and Nelson design services since 1956

 

 

Credit Score : How to keep it an A score

Want to know how you’re credit score is judged? With a FICO based score, the higher the number, the better your score. Scores above 720 are usually considered excellent (850 is usually tops), those in the 680-720 range are still quite good, while those in the 650-680 aren’t terrible, they will still carry higher rates. Once you start getting below 650 you may have some trouble getting credit or be charged high rates. These are general rules of thumb, though, since every lender has different criteria.

According to FICO, five categories of information (along with their relative weightings) go into your credit score:

– Payment History 35%
– Amounts You Owe 30%
– Length Of Credit History 15%
– New Credit 10%
– Type Of Credit In Use 10%

It’s obvious that your payment history is the most important factor in your score. But there are some finer points here that you may not be aware of: Most lenders don’t report you as late to the credit bureaus until you fall behind by 30 days. (But they will often charge you a hefty late fee if you are just one hour late with your payment.) This isn’t a hard-and-fast rule so always be sure to double check if you’re having trouble meeting the due date. Sometimes lenders will close your account or up your rate if you are chronically late, even by just a few days.

Recent late payments, even for small amounts, hurt your credit score significantly. Late payments will generally remain for seven years, even if you catch up on the account of pay off the bill. See the next chapter for details.

All other things being equal, how far you fell behind is more important than the amount. For example, missing a $20 minimum payment for 4 months in a row will probably impact your score more than missing a $300 car payment on time.

Account balances, however, play more of a role in a score than most people realize. It’s not uncommon to hear, “I have excellent credit” from a consumer who has paid on time, but has a ton of debt – and whose score is suffering as a result. There are several factors that will come into play in this evaluation:

– How close you are to your limits on your revolving accounts such as credit cards and lines of credit. The closer you are to your limits, the worst it can be for the score.

– How much you owe on your total revolving lines of credit. Total up all of your available revolving lines of credit and then total your outstanding balances. Ideally, you want to use less than 10% of your available credit. If you use more of your available credit on your revolving accounts, your score can start to suffer.

– How much you owe compared to other consumers across the country. You don’t have to carry debt to build credit. You do need credit cards as credit references, but you don’t have to carry balances on them. You can use the cards you have for things you’d normally buy, pay them off in full and avoid bad debt.

  • The obvious advice is to try to keep your balances, especially on your revolving debt like credit cards (which is often bad debt anyway) down. But there’s also another piece of advice that goes along with this: Be very cautious about closing old accounts.

The Power of Real Estate

Real Estate is one of the best forms of investing. As we all know, property typically goes up in value or at least stays at a constant.

When purchasing a property for rental, it’s a good idea to look for a deal in which you can get cash flow.  Your return on investment will increase as the property mortgage is paid down and you will have passive income at the same time. Here’s how it works. Let’s say I buy a property at 250,0oo.00 and I put 20% down. (50,000.000.).  Let’s also assume I purchased this property at 20,000.00 under value. Which means the property is actually worth 270,000.00. By buying it for 250 I have already increased my equity by 20,000.00 and gave me a total equity of 70,000.00.  Purchase price of 250 less 50 I put down; a mortgage of 200,000 plus the 20 thousand at the time of purchase. Home value of 270 thousand minus the mortgage amount of 200 thousand leaves 70 thousand as equity.

Now because I paid 50 thousand out of pocket I want to get that back so I rent the property out for let’s say 1200.00 per month. The mortgage payment on 200 thousand will be about 800.00. The insurance, maintenance costs, utility costs, and a budget amount set for upgrades and repairs would be about 400.00 a month, leaving you a cash flow amount of about 400.00.   400 dollars a month times 12 months gives you a 4800.00 dollars a year cash flow.

Now let’s take that 4800.00 divided by your investment, which is the down payment of 50,000.00. This gives you a 9% ROI. (Return on investment). A 9% return is much better than what a bank can give you, but let’s look a bit further. Because property typically increases in value by an average of 4-6% per year the new value of the property in one year will now be 286,200.00 dollars. So let’s now take your down payment or investment of 50 thousand and divide it buy the new value of 286,200.00. This will gives us a cash on cash return of 17%

Because a rental property is classed as a business the government allows us to right off the depreciation of the property. We are allowed the right off up to 30% per year for depreciation. 30% of the new value of 286,200.00 leaves you with a depreciated value of $ 200,340.00. On paper this gives you another cash on cash return of 70%. So let’s add up to percentages to see what our total return on investment will be. In our first calculation we got 9% + a 17% cash on cash and then + 70% on depreciated value which gives us a total of 96% return on investment, meanwhile the renters are paying down the mortgage and giving us a cash flow of 400.00 per month, 4800.00 per year. That’s a pretty good return on our initial investment of 50,000.00.

Now if you were to use OPM for the down payment the returns now become staggering. Time to go out and find some properties to buy. Just be sure when your looking at a deal you do your do diligence. Do diligence is your part in checking all statements and conditions are true and correct. This becomes another topic that we will discuss at a later time.