Why have you been putting off getting Sba 8a certification? It is Not that difficult to get certified if you actually want to break into government contracting. And you do Not have to pay man else to help you fill out the form. If you can read and consequent instructions, you can do it. How do I know? I successfully completed my firm Sba 8a certification in 2004. Here’s the blueprint… Now get it done!

Where do you start?

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There is an electronic application form at the Sba website. If you take the time to read the four steps to the Electronic Application Process, you will be prepared to faultless it in the least whole of time with the least whole of personal pain. I propose submitting the electronic application form over the mail-in version because you will receive your results back in days, Not weeks.

Step One: Get registered with Ccr

The first step is to get your firm registered at the federal Central contractor Registration (Ccr) database The Ccr database is a singular point of seller registration and is key to streamlining the procurement process. Note: It might take 24 – 72 hours to get your Ccr profile active in the system. Then you can proceed.

Step Two: Register in the Sba normal Login law (Gls)

This law supports all services offered by the Sba. Two key pieces of facts you will need to know are your manager Identification whole (Ein) or your social protection Number. You will also need to register for a Dun & Bradstreet whole (Duns). The Duns is a requirement for all federal contracts as well as many major corporations. Note: You can register for the Free service and do not have to sign up for any other monthly fee-based D&B services.

Step Three: Download, sign, get notarized and mail-in Signature Authorization card

This is the only “manual” portion of the process. It becomes the trigger for the Sba to begin screening and reviewing your Electronic application. Be sure you send your Signature Authorization card to the accepted Sba agenda Certification & Eligibility address, based upon the state you are doing business.

Step Four: Begin Sba 8a Application Process via the Gls

Using your new Gls user name / password – enter your facts into the application online. Note: You do not have to faultless the application in one sitting, fill out as much as you can and then save and come back later. How long will it take to faultless the application? The more complex the firm structure, the longer it takes to fill out the information. For example:a 100% owned sole-proprietorship owned will not take as long as a multi-owner corporation located in a society property state. Note: My application took about two hours total to complete. You will need your tax returns from the past three years and other documents for reference.

The Sba does offer Faqs and an online training procedure to get you prepared for the application process. Once you have submitted the application, by law, there is a 90 day response time on getting back to you. My application was reviewed in less than 30 days. So if you submit the application online, you will get a much more timely response.

One other note: Caucasian women have more mystery in getting Sba 8a certified. One extra maintain document you may be asked to get ready and submit is a disadvantaged social narrative. This is a paper that documents how overcome social, economic and firm factors have influenced your inability to consequent to your maximum capability. Can you write this paper without hiring a firm to get ready it for you? Yes. Learn how I took my perceive and now help hundreds of other women to gain confidence to get ready their own narratives. Read more about the toolkit I prepared at my firm website.

Ok, now you know the four steps to the Sba 8a process, what is retention you from starting your application today?

unblemished Your Sba 8a Certification In Four Easy Steps

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Are you looking for most recent sbi new home loan rates? Actually, the bank has at least two separate schemes with differing rates. The schemes are categorized based on the whole borrowed. Let me brief you the facts on most recent loan rates for all the schemes ready as of now.

Sbi New Home Loan Interest Rates (2010) – separate Schemes

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First loan task is called Sbi Easy Loan. This is grand for building a new home for amounts lesser than 50 Lakh Rupees. Rate is not a flat one but may vary depending upon the limits set by Rbi while borrowing and repaying periods. However you will have to pay a flat rate for the first year after borrowing. This is typically around 7 % to 9% p.a. You could refer to any prominent financial portal from India for literal, current rates.

Second task is called Sbi benefit Home Loan. This single state bank housing loan is for big houses which would wish an whole greater than 50 Lakhs. Again the rate is not fixed here. It would vary depending upon Rbi regulations. For the first year you would be required to pay an interest rate of around 8%. The next two years you would be paying diminutive higher rates. Following these three years you would be required to pay a changeable rate which would depend upon regulations while that period.

Next Step – How To Know most recent Exact Rates?

As like any bank, Sbi changes its rates often. You can find most recent housing loan rates from beloved newspapers and websites while the time of borrowing.

Sbi New Home Loan – most recent State Bank Housing Loan Interest Rates

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These loans do not need long prestige verification processes or revenue verification processes as opposed to personal loans which approval process can take from a merge of days up to a week. Instead, with just a few details and just a few clicks you can get stylish immediately for a 24 Hs. Loan so you can worry about solving your problem.

Loan Approval Requirements

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The requirements for approval are rather simple. Your prestige score or history are not an issue since there is no time to check this. What you’ll need is to show proof of a steady job (income). Some lenders need that you send a copy of your paycheck by fax. Others do not need faxing at all.

The other requirement is straightforward too: you need to have a bank catalogue where the money will be deposited and from where the loan estimate and the fees will be withdrawn when the loan refund is due. Some lenders will make you write a check payable at the date when the loan is due.

Approval Process And Funds release

The application process is simple, you just need to fill a form whether written or online and submit any documentation required whether by fax or personally. Then, after verification which won’t last more than a few hours, and in case,granted all the data is correct, the lender will notify you that you where approved.

Some lenders that don’t work online may hand in the money in cash right away, but most of them will exchange the money to your account. Roughly all online lenders wire the loan estimate to your account. The money will be available in your catalogue by the next day or even the very same day you invite it.

How Does refund Work

The refund agenda varies agreeing to the nature of the loan. Most of these loans are pay day loans and thus must be repaid in full by your next payday. However, you can all the time pay a smaller estimate (the interest and fees constitute the minimum payment) and refinance the rest. It’s important to note, however, that this form of financing is highly expensive and should only be used if no other clarification is available.

Cash develop loans offer some sort of refund agenda by which you can repay the loan estimate in smaller installments. However, the period of the loan refund agenda won’t be as stretchy as the refund programs of personal loans. You’ll have only two or three months to repay the loan. By the end of the refund agenda the loan must be fully paid off or refinanced at a high interest rate.

This is the imagine why you need to understand that 24 Hs. loans are meant only for emergencies and shouldn’t be used as a coarse source of funds. It’s even better to finance yourself with a prestige card or with an unsecured personal loan than resorting to this kind of loans. Only if you need cash fast and you don’t have the time for long approval processes should you resort to 24 Hs. loans.

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Almost everybody needs to get a monthly cost loan at some point in their life. Buying a home or car can cost so much money that salvage up for the needed cash takes years and years. A monthly cost loan can allow person to get what they want or need swiftly and pay off the loan over time. In essence, a monthly cost loan allows you to get what you need now, and then save up for it straight through the monthly payments. The trade off is that you pay interest on the loan, so you pay a minuscule more in the end to get what you need now instead of much later.

Different monthly cost loans come with distinct terms and rates, so it is leading to shop nearby to try and find the best deal. You should check out many distinct banks and financial institutions to see which one offers the best monthly cost loan for you and your needs. One bank might offer a lower rate to your neighbor, but your reputation history and amortization agenda needs might be different, so a distinct bank may offer you the best rate. This is why it is leading to nothing else but do the footwork and shop nearby yourself instead of using the bank or financial institution that person else says gave them the best terms after they shopped around.

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Interest rates, especially on mortgages, convert over time depending on discrete trends. If you can wait for a few months, you should consider watching the rate trends and finding into the rates of past months. If the interest rates are abnormally high at the moment, you should wait for them to drop because getting your loan. Likewise, if they are abnormally low at the moment, you should try to get a loan or mortgage as soon as possible to capitalize on the low rates before they rise.

Obviously, your reputation score has a large impact on your monthly cost loan terms and rates, so you should get copies of your reputation reports from each of the three reputation reporting agencies to check for mistakes. If there are any mistakes on your reputation report, getting them fixed can make a huge positive impact on your reputation score, and thus, your monthly cost loan terms and rates. It is a good idea to attain all three main reputation reports because mistakes that show up on one may not show up on another. If you accumulate your reputation record from one or two of the three major agencies, you might not find any mistakes. However, the bank might get your reputation record from the third agency, and that record may show reputation information that the other two did not.

When you get a monthly cost loan, your amortization agenda is the month by month cost plan that you use to pay off the loan. The longer you take to pay off the monthly cost loan, the more extra money you pay in interest. However, higher monthly payments that pay off the monthly cost loan sooner make a larger impact on your monthly budget. You need to carefully consider your amortization agenda and look down the line to be sure you will be able to make your payments every month.

Bart R

Monthly cost Loan – almost every person Needs One

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Before you turn over your hard earned cash at a buy here pay here car lot, there are some things that you should know. This data will save you a lot of money, both right now and in the future.

You’re paying too much.

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There’s no bank that’s regulating how much the car lot is charging you for the car. In many cases, buying from a buy-here-pay-here car lot is resulting in you paying thousands more for a car than it could ever possibly be sold for at a quarterly car dealership. On top of that, you’re paying thousands more in finance charges than you have to.

You don’t have to use a buy here pay here car lot!

You of course don’t. There are finance fellowships on the internet that specialize in helping people with horrible reputation get into cars without even needing a down payment. You can save thousands of dollars on both the price of a car, your interest rate and your monthly payments if you just know what to do.

Regardless of your reputation history… If you’ve had judgments, repossessions, bankruptcy or many bankruptcies, healing collections, tax liens, whatever. Who cares?

You can get financed and approved… For more car with lower payments. Lower payments are the supervene of a lower interest rate.

You know what the best thing about getting approved online is? You don’t necessarily have to buy from a car dealership. Having an approval letter from an online loan company means that you can go car shopping in any place you want, along with shopping for cars in your local newspaper for sale by private owner, which saves you from having to pay sales tax!

Warning About Buy Here, Pay Here Car Lots

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You can have a collect online way to your observe card account through observe card account login. The account town through which you way your account is secured by the top Internet protection collect Sockets Layer (Ssl) encryption. Your facts is safe through this enhanced security. It makes it impossible for anything to way your account, unless you have inadvertently, or otherwise, disclosed your account login facts to others.

 

Before you can login into your observe account you need to register for online access. It is quite easy and fast, and once you have registered and logged in you can have way to improved administration of your observe account. You can receive your modern account summary; way and spin your statements and other activities up to the last 24 months; and make payments online, among other activities.

 

Once you login you can search your account transactions, graphically analyze your spending pattern and track other activities. You save time when you login into your account online and use many of the online features ready to you. through financial tools, such as the recently introduced Spend Analyzer, you collate your spending patterns. You can graphically see how and where you are spending and your purchases are organized into broad categories. The Paydown Planner assists you in paying down the equilibrium on your observe card, and within a exact time frame. In addition, through the buy Planner you can plan your subsequent purchases as it helps you understand how your monthly payment could be affected by some large purchase.

 

Login For customer Services

 

Through observe card account login you can way its customer aid for any facts or query you may have. You can way your card account, learn about the rewards programs offered – such as the 5% Cashback Bonus program, make payments and transfers online, learn about your account activity and collect account statements, among other information. Rest assured, your personal facts and facts about your account activities are safe and secure. The collect login protects the statements issued to you online, notifies you if there are any unusual activities tantalizing your account, and if you are shopping online your real account estimate is never revealed.

 

You are allowed way to your account only after you contribute confident facts on logging in, such as your user Id or account estimate and the password which is known only to you. If either is incorrect you get The User Id and/or Password does not match our records or you are not registered message.  

 

As of January 2009, observe cardholders can way their account through their movable phones. through movable way you can make payments and view pending payments, view your transactions, view your rewards activities, etc. With your movable phone all the time next to you, you can now have your observe account facts roughly at your finger tips!

 

You can way your observe account via your telephone, through Internet on your laptop, and now through your movable phone. All you need is to login into your observe account.

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One of the best things you can do for your business is to give facts away. facts empowers your buyer and brings them back for more. There are many great ways to give facts to current and possible customers, which will instill reliance in your business. Many send out newsletters or email online newsletters to keep customers in their minds. It is foremost to keep customers aware of what is going on and tell them you appreciate their patronage. Some businesses send out gift certificates and Christmas Cards. But there is an easier and best way. One I think you might be aware of.

I advise writing articles about things in which you have lots of knowledge in, areas of expertise where you are either an scholar or borderline expert. Many fellowships and professionals write articles or have columns in business rags or trade journals. Some write articles in their newspapers. But the very best way I have found to get the word out is this fast growing indubitably cool business called EzineArticles.com where you can post your articles for free and habitancy from all over the world come to see them and often reprint them on their websites, their business newsletters, the ezines and even read them on the Radio. This is especially good for man like me, who has the perfect face for radio as I was once told by a previous girlfriend.

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Since it costs no money to post you can post as many articles as you would like. So I tried it at first by posting 2 articles and I was surprised when I searched “Me” on the Internet and found man else liked my articles and posted them on their websites. So then, I thought; Ha so I posted 10 more. Wow, again I saw three of my new articles on the Internet and habitancy indubitably contacted my business within only 4 days. So, I posted some more. Then I got addicted, because it is so fun. So over the next 8 weeks, I posted 1000 articles. Today. I have searched and found at least one of my articles on about 45 websites, but I am sure it is much more, those are just the ones I could find. And in that time all my articles total have received 85,000 hits or views. I have had so many habitancy feel my business, I had to take my website off the lowest my articles. But they still find me. I travel so much; I cannot call everybody back. Help. It works too good.

As a writer I am not very good really, but each time I write an article I get best and indubitably some habitancy like my articles even though my writing skills are not so great. I think everybody for their business should write one article per day at least so that they will have 30 articles per month and in no time they will be getting contacted by habitancy all over the world who might like to do businesses with them. That is how it works you see, I know because they keep contacting Me.

I cannot believe the power of writing articles on the Internet. I wish I knew about this sooner. If I can do this and I am not even a writer indubitably then you can too. I still don’t believe it, you have to admit it is pretty cool. But each article brings me business and in 8-weeks I already have 85,000 hits and hundreds and hundreds of stars next to my articles on EzineArticles.com habitancy indubitably like what I wrote? Cool. All these habitancy are arrival to my websites and my Internet traffic has went up a lot.

Each article brings me new contacts and since I have posted 1000 articles; that is 1000 ways I improved my business. I am averaging over 2700 article views per day now and that is approximately 1 million article views per year; it works, 1 million habitancy will read my articles in the arrival year. Write more articles everyone, growth your business today, what would you do with one million possible new customers? I think I will write some more articles tomorrow. Think about it

1000 Ways to improve Your enterprise

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Walgreens, Cvs or Rite-Aid: Which Tenant Is Best in 2011?

There are 3 major drugstore chains in the Us: Walgreens, Cvs, and Rite Aid. Below are some key statistics about the 3 major drugstore chains as of July 2010:

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Walgreens
ranks #1 with shop cap of .33 Billion, .25 Billion in revenue, and S&P rating of A+. Agreeing to Walgreens, 75% Us people lives within 3 miles from its stores. On Oct 1, 2009, Walgreens opened its 7000-th store in Brooklyn, New York. In April 2010, it acquired 258 Duane Reade drug stores in New York Metropolitan area.
Cvs
ranks #2 with shop cap of .09 Billion, .1 Billion in earnings (Cvs earnings alone is less than Walgreens if earnings from its Caremark group is taken out), and S&P rating of Bbb+. Cvs opened its 7000-th store in puny Canada, Minnesota on October 5, 2009 and currently operates 7025 drug stores..
Rite Aid
ranks #3 with shop cap of 9 Million, .53 Billion in revenue, 4780 drug stores and S&P rating of B-.

Investors buy properties occupied by these drugstore chains for the following reasons:

The drugstore firm is very recession-insensitive. people need rehabilitation when they are sick, regardless of the state of the economy. Both rich and poor people in the Us have access to medicine. Some even argue that low-income people use more rehabilitation due to free or low-cost drugs offered by government-assisted programs. So the tenants should do well while tough time and have money to pay rent to landlords.
The drugstore firm has a good prospect in the Us:

People are living longer and need more rehabilitation to support longevity, e.g. Actonel for osteoporosis, Aricept for Alzheimer’s symptoms. Older people tend to use more rehabilitation than younger ones as they often have more healing problems. As the 78 million baby boomers are getting closer to retiring age beginning from 2008, the drugstore chains anticipate the question for rehabilitation to growth in next 20 years.
The drug shop continues to improve as the Us people will continue to grow. More and more Americans suffer from varied diseases. The estimate of Americans suffers from seasonal allergies doubled in the last 15 years to 37 million people per Fortune magazine. They spent .4 Billion in 2009 for allergy drugs. As their waist lines balloon (75% of Americans are forecasted to be whether overweight or obese by 2020), more Americans are diagnosed with diabetes, high cholesterol at younger and younger ages. In addition, doctors also suggest treating varied diseases sooner than later due to better comprehension about the diseases. For example, doctors now prescribe antiretroviral drugs for patients soon after infected with Hiv virus instead of waiting for the infection to become Aids. More doctors integrate insulin with oral medicines to treat type-2 Diabetes instead of just oral medicines alone. All these factors growth the size of the drug market.
Advance in genetic engineering has introduced varied new genetic Dna testing kits which allow the genetic pathology of vulnerabilities to inherited diseases and disorders. Genetic testing is currently the highest growth segment in the diagnostics industry. Some of these genetic tests will probably transform into direct-to-consumer testing kits available in drug stores in the near future. Upon Fda approval, these new products will potentially bring in supplementary earnings for drug stores.
The tube of health Care Reform Bill on March 23, 2010 provides guarnatee coverage to an estimated 33 million more American. This is a major gift to the drugstore industry.
There are new drugs to treat previously untreatable illnesses, and new diseases, e.g. Viagra for men’s unhappiness, Zoloft for depression, Avastin for colon cancer, Herceptin for breast cancer, Nicotine patches for smokers to kick the habit, Tamiflu for a potential bird flu pandemic, vaccine for swine (H1N1) flu pandemic, Tekturna/Rasilez for hypertension and varied new drugs for Aids and concentration Deficit Disorder (Add). The new medicines are very expensive, e.g. A year’s furnish of Avastin costs about ,000. Eli Lilly has sold about .8 billion of Zyprexa in 2007 for schizophrenia and yet most people have never heard of this medicine.
There are existing drugs now popular ,favorite to treat new illnesses and thus growth their sales revenue. For example, Lyrica was originally intended to treat pain caused by nerve damage in people with diabetes. It is now popular ,favorite by Fda to treat Fibromyalgia which affects 5.8 million Americans per WebMd.
Big advances in genetics, biology and stem cells research are unbelievable to furnish a new class of drugs to treat diabetes, Parkinson’s and varied rare genetic disorders. For example the new drug Ilaris from Novartis targets genetic causes of an inherited disorder that there are only 7000 known cases worldwide. However, Novartis hopes to slowly broaden its drugs to a blockbuster drug to more coarse disorders caused by similar genetics.
Technology and modern life introduce and wish new products, e.g. Pregnancy test kits, Lamisil for stronger clearer toe nails, Latisse for longer & thicker eyelashes, Premarin for menopausal symptoms, diabetic monitors, electronic toothbrushes, perceive lenses, lenses cleaners, diet pills, vitamins, birth-control pills, Iuds, cusine supplements and Cholesterol-lowering pills (Americans spent nearly B in 2006 on Cholesterol medications alone per Ims Health, a Connecticut-based consulting firm that monitors pharmaceutical sales.) There are also more surgeries: C-sections, Kidney transplants, open-heart triple by-pass, and breast augmentations. More surgeries mean more medicines are needed such as Vicodin for pain administration and Warfarin to forestall blood clots in surgeries.
Before the customers can get to the rehabilitation aisles or pharmacy counters, they have to pass by chocolates, sodas, digital cameras, watches, toys, dolls, beers and wines, cosmetics, video games, flowers, fragrances, and greeting cards. Drug stores hope you use the one-hour photos services and change your liquid propane tanks there. The stores also carry seasonal items, e.g. Halloween costumes, and “As Seen on Tv” merchandise, e.g. Shamwow. As a result, customers buy more than their prescriptions and rehabilitation in these drugstores. Rite Aid sells more 28,000 non-pharmacy items in its stores while Walgreens has 22,000 separate items on store shelves. Cvs reported that non-pharmacy sales represented 30% of the company’s total sales in January of 2007. The figure for Walgreens is 34% and 37% for Rite Aid. Many pharmacy locations are in effect convenience stores especially ones that are in residential or rural areas. And so Walgreens hopes that customers also pick up Wd-44, and screw drivers at its stores instead of at Home Depot; Thai Jasmine rice, and fish sauce to avoid a trip to Safeway or Kroger Supermarkets. while the recession, sales of these non-drug items are down as customers buy what they need and not what they want. Walgreens tries to sacrifice the estimate of items by 4000. It also introduces its own inexpressive label which has higher behalf margins.
There are more and more generic medications on the shop as a estimate of enormously favorite brand-name blockbusters will lose their 20-year long patents, e.g. Lipitor (best selling drug in the world to lower cholesterol) in 2010, Viagra (you know what it’s for) in 2012. Drugstores prefer to sell generic drugs to customers due to higher behalf margins than the brand-name medications.
Some people are addicted to pain killers, e.g. Hydrocodone and consume a large estimate of medicine, e.g. 30-day dosage in a day to get high. Agreeing to testimony from the National make on Drug Abuse, Us retail pharmacies dispensed nearly 180 million prescriptions in 2007 for opiates, e.g. Hydrocodone. A high percentage of these prescriptions are probably not used for any legitimate healing purposes.
This author estimates that at least 10% of the dispensed prescribe drugs are not used at all and sit idle in the rehabilitation cabinets. They are finally expired and thrown away.

These associates sign very long-term, Nnn leases, guaranteed by their corporate assets. This makes the investment in the underlying asset fairly low risk, especially for Walgreens with an A+ S&P rating. In fact, these properties are sometimes referred to as investment-grade properties. Once the drugstore chains sign the lease, they pay the rent promptly and timely. This author is not aware of any properties leased by one of these drugstore chains in which the tenants failed to pay rents. Even when the stores are ended due to weak sales (Walgreens ended 119 stores in 2007), these associates may sublease the properties to other associates and continue to pay rents on the specialist leases.

A typical Walgreens lease consists of 20-25 year customary term plus 8-10 five-year options. while customary term and options, there will be no rent increases in most of the leases. This is the main disadvantage of investing in Walgreens drugstores.
A typical Cvs lease consists of 20-25 year customary term plus 4-5 five-year options. The rent is regularly flat while the customary term and then there is a 2.5%-10% rent growth in the in each 5-year option.
A typical Rite Aid lease consists of 20-25 year customary term plus 4-8 five-year options. The lease often has a rent growth every 5-10 years.

Investment Risks: Although the pharmacy firm in normal is recession-insensitive, there are risks involved in your investment:

The main downside about investing in pharmacies is there is puny or no rent bump for a long time, e.g. 20-50 years, especially for Walgreens. So the rent is effectively reduced after inflation is factored in. This is one of the main reasons these properties do not appeal to younger investors.
The 3 drugstore chains now have a new formidable competitor, Wal-mart. Wal-mart sells prescribe drugs in more than 4000 Wal-mart, Sam’s Club and Neighborhood shop stores in 49 states. The retail giant is known for launching in 2006 a highly-publicized generic prescribe drug schedule which now sells 350 generic medications for a 30-day supply. The actual estimate of medications is less as the medications with separate strengths are counted as separate medications. For example, Metformin 500 mg, 850 mg, and 1000 mg are counted as 3 medications. Wal-mart probably makes very puny profits on these medications if any. However, the marketing campaign–created by Bill Simon, the President and Ceo of Wal-mart Us, generates a lot of publicity for Wal-mart. Wal-mart hopes to draw customers to its stores with other prescriptions where it has higher behalf margins. In an unscientific gawk with just one brand-name prescribe of Lyrica, this author finds the bottom price at Costco, the highest price at Walgreens and Wal-mart at the middle. Other drug chains try to counter Wal-mart in separate ways. Target now offers the same 350 generic medications for for a 30-day supply. Walgreens has a prescribe drugs club with membership fee which offers 1400 generic medications for as puny as /week. Cvs says it will match any offers from its competitors.
Chief firm Correspondent Rick Newman from Us World & News narrative unbelievable that Rite Aid might not survive in 2009. While Rite Aid is still colse to in 2010, dire predictions continue. The study by Audit Integrity gave Rite Aid about a 10.5 percent opening of filing for bankruptcy in 2010.
Drugs are also sold in thousands of supermarkets, Target stores, and Costco warehouses. However, there are no drive-thru windows at these stores or Walmart to favorably drop off the prescriptions and pick up medicines. Customers will not be able to pick up their prescriptions while lunch hour or after 7Pm at Target stores or supermarkets. They need to have membership to buy medicines at Costco. Others may not fill their prescriptions at Walmart because they don’t want to mingle with typical Walmart customers who are in lower earnings brackets. And some babyboomers don’t want their prescriptions filled at Target or Walmart because there are no comfortable chairs for them to sit down to wait for their medicines.
Many leases in areas with hurricanes and tornados are Nnn leases with the exception of roof and structure. So if the roof is damaged, you will have to pay for the expenses.
The tenant may move to a new location down the road or across the road when the lease expires. This risk is high when the asset is placed in small town where there is low fence for entry, i.e. Lots of vacant & developable land.
The tenant may ask for rent concession to enhance its bottom line. The possibility is higher if the tenant is Rite Aid and if the store has low sales earnings and/or higher than shop rent.
More Americans are walking away from their prescriptions, especially the most costly brand-name medicines. This may have negative impact on the sales earnings and profits of drug stores and consequently may cause drug store closures. Agreeing to Wolters Kluwer Pharma Solution, a health-care data company, nearly 1 in 10 new prescriptions for brand-name drugs were abandoned by people with industrial health plans in 2010. This is up 88% compared to 4 years ago just before the retreat began. This trend is driven in part by higher and higher co-pays for brand name drugs as employers are shifting more guarnatee costs to their employees.

Among 3 drugstore chains, Walgreens and Cvs pharmacies in normal have the best locations-at major intersections while Rite Aid has less than prime locations. Walgreens tends to hire only the top graduates from pharmacy schools while Rite Aid settles with bottom graduates to save costs. When potential all drugstore chains try to fill the prescriptions with generic medications which have higher behalf margins

Walgreens: the firm was founded in 1901 by Charles Walgreen, Sr. In Chicago. While the firm has existed for more than 100 years, most stores are only 5-10 years old. This is the best managed firm among the three drugstore chains and also among the most admired group associates in the Us. The firm has been run by executives with proven track records and hires the top graduates from universities. Due to its superior financial strength–S&P A+ rating– and prime irreplaceable locations, properties with leases from Walgreens get the highest price per square foot and/or the bottom cap rate among the 3 drugstore chains. In addition, Walgreens gets flat rent or very low rent growth for 20 to 60 years. The cap rate is often in the low 6% to 7.5% range in 2009. Investors who buy Walgreens tend to be more mature, i.e. Closer to relinquishment age. They are finding for a safe investment where it’s more important to get the rent check than to get appreciation. They often assess the returns on their Walgreens investment with the lower returns from Us treasury bonds or Certificate of Deposits from banks. Walgreens opened many new stores in 2008 and 2009 and thus you see many new Walgreens stores for sale. It will slow down this expansion in 2010 and focus on renewal of existing stores instead

Cvs: Cvs Corporation was founded in 1963 in Lowell, Ma by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland. The name Cvs stands for “Consumer Value Stores”. As of 2009, Cvs has about 6300 stores in the Us, mostly straight through acquisitions. In 2004, Cvs bought 1,200 Eckerd Drugstores mostly in Texas and Florida. In 2006, Cvs bought 700 Savon and Osco drugstores mostly in Southern California. And in 2008 Cvs acquired 521 Longs Drugs stores in California, Hawaii, Nevada and Arizona for .9B dollars. The acquisition of Long Drugs appears to be a good one as it Cvs does not have any stores in Northern Ca and Arizona. Besides, the price also included real estate. It is also bought Caremark, the largest pharmaceutical services firm and changed the corporation name to Cvs Caremark. When Cvs bought 1,200 Eckerd stores, it formed a single-entity Llc (Limited Liability Company) to own each Eckerd store. Each Llc signs the lease with the asset owner. In the event of a default, the owner can only legally go after the assets of the Llc and not from any other Cvs-owned assets. Although the owner loses the guaranty security from Cvs corporate assets, this author is not aware of any incident where Cvs closes a store and does not pay rent.

Rite-Aid: Rite Aid was founded by Alex Grass (he just passed away on Aug 27, 2009 at the age of 82) and opened its first store in 1962 as “Thrif D reduction Center” in Scranton, Pennsylvania. It officially incorporated as Rite Aid Corporation and went group in 1968. By the time Alex Grass stepped down as the company’s chairman and chief menagerial officer in 1995, Rite Aid was the nation’s largest drugstore chain in terms of total stores and No. 2 in terms of revenue. His son, Martin Grass, took over but was ousted in 1999 for overstatement of Rite Aid’s earnings in the late 1990s. Rite Aid is now the weakest financially among the 3 drugstore chains. In 2007, Rite-Aid acquired about 1,850 Brooks and Eckerd drugstores, mostly along the East coast to catch up with Walgreens and Cvs. In the process, it added a huge long term debt (currently owes over .69 Billion) and is the most leveraged drugstore chain based on its shop value. The integration of Brooks and Eckerd did not seem to go well. earnings from some of these stores went down as much as 20% after they convert the sign to Rite Aid. In 2009, Rite-Aid had over 4900 stores and over Billion in revenues. The figures went down in 2010 to 4780 stores and .53 billion in revenue. On January 21, 2009 Moody’s Investor Services downgraded Rite Aid from “Caa1″ to “Caa2″, eight notches below investment grade. Both ratings are “junk” which indicate very high reputation risk. Rite Aid contacted a estimate of its landlords in 2009 trying to get rent concession to enhance the bottom line. In June 2009, Rite Aid successfully completed refinancing .9 Billion of its debts. However, it continues to struggle in 2010 as same store sales decreased 2.5% in June, 1.7% in May, 1% in April,.1% in March, 3.2% in February, and 2.1% in January..

Things to consider when invested in a pharmacy

If you are concerned in investing in a asset leased by drugstore chains, here are a few things you should consider:

If you want a low risk investment, go with Walgreens. In garage or growing areas, the degree of security is the same whether the asset is in California where you get a 6% cap or Texas where you may get a 7.5% cap. So, there is no principal benefit to spend in properties in California as the asset value is based primarily on the cap rate. In 2010, the offered cap rate for Walgreens seems to come down from 7.5%-8.4% in 2009 to 6.5%-7.5% for new stores.
If you are willing to take more risk, then go with Rite-Aid. Some properties covering of California may offer up to 10% cap rate in 2010. However, among the 3 drug chains, Rite Aid has 10.5% opening of going under in 2010. Should it enounce bankruptcy, Rite Aid has the option to pick and choose which locations to keep open and which locations to terminate the lease. To minimize the risk that the store is shuttered, choose a location with strong sales and low rent to earnings ratio.
Financing should be an important consideration. While the cap rate is lower for Walgreens than Rite Aid, you will be able to get the best rates and terms for Walgreens. A 7.25% cap Walgreens with 5.25% interest rate on the loan will generate more cash flow than a 10% cap Rite Aid with 9% interest rate (if you could find a lender for Rite Aid).
If you are not a conservative investor or risk taker, you may want to consider a Cvs pharmacy. It has Bbb+ S&P reputation rating. Its cap rate is higher than Walgreens but lower than Rite Aid. Some leases may offer better rent bumps. On the other hand, some Cvs leases, especially for properties in hurricane areas, e.g. Florida are not truly Nnn leases where landlords are responsible for the roof and structure. So make sure you adjust the cap rate down accordingly. Some of the Cvs locations have onsite Minuteclinic staffed by registered nurses. Since this clinic idea was introduced recently, it’s not clear having a clinic inside Cvs is a plus or minus to the bottom line of the store.
All 3 drugstore chains have similar requirements. They all want highly visible, standalone, rectangular asset colse to 10,000 – 14,500 Sf on a 1.5 – 2 acre lot, preferably at a projection with about 75 – 80 parking spaces in a growing and high traffic location. They all wish the asset to have a drive-thru. Hence, you should avoid purchasing an inline property, i.e. Not standalone and asset with no drive-thru windows. There is a opening that these drugstores may not want to renew the lease unless the asset is placed in a densely-populated area with no vacant land nearby. In addition, if you acquire a asset that does not meet the new requirements, for example a drive-thru, you may have a question getting financing as lenders are aware of these requirements.
If the pharmacy is opened 24 hours a day, it is in a better location. Drugstore chains do not open the store 24 hours day unless the location draws customers.
Many properties may have a percentage lease, i.e. The landlord can get supplementary rent when the store’s every year earnings exceeds a unavoidable figure, e.g. M. However, the earnings used to compute percentage rent often excludes a page-long list of items, e.g. Wine and sodas, tobacco products, items sold after 10 Pm, drugs paid by governmental programs. The excluded sales earnings could account for as much as 70% of store’s gross revenue. As a result, this author has seen only 2 stores in which the landlord is able to acquire supplementary percentage rent. The store with a percentage rent is required to narrative its monthly sales to the landlord. As an investors, you want to spend in a store with strong gross sales, e.g. Over 0 per square foot a year. In addition, you also want to check the rent to earnings ratio. If the figure is in the 2-4% range, the store is likely to be very profitable so the opening the store is shut down is low.
It does not matter how good the tenants are, avoid investing in declining and/or low-income areas or small towns with less than 30,000 residents within 5 miles ring. In a small town, it may be the only drug store in town and captures most of the shop share. However, if a competitor opens a new location in the area, earnings may be severely affected. These properties are easy to buy now and hard to sell later. In 2009 where the reputation shop is tight, you may have problems finding a lender to finance these properties.
Many properties have an existing loan that the buyer must assume. If you have a 1031 exchange, think twice about buying this property. You should clearly understand loan assumption requirements of the lenders before keen forward. Should you fail to assume the existing loan (assuming an existing loan is a lot more difficult than getting a new loan), you may run out of time for a 1031 change and may be liable to pay capital gain.
With few exceptions, drugstore chains do not own the stores they occupy for some reasons. Here are just a integrate of them:

They know the pharmacy firm but don’t know real estate. Stock investors also don’t want Walgreens to become a real estate investment company.
Owning the real estate will wish them to carry lots of long term debts which is not a brilliant idea for a publicly-traded company.

About 10% of the drugstore properties for sale and typically Cvs pharmacies wish very small estimate of equity to acquire, e.g. 10% of the buy price. However, you are required to assume an existing fully-amortized loan with zero cash flow. That is, all of the rent paid by the tenant must be used to pay down the loan. The cap rate may be in the 7% range, and the interest rate on the loan could be keen in the 5.5% to 6% range. Hence, the investor pays off the loan in 10 to 20 years. However, the investor has no unavoidable cash flow. This requires you to come up with covering cash to pay earnings tax on the rental profits (the variation between the rent and mortgage interest). The longer you own the property, the more covering cash you will need to pay earnings taxes as the mortgage interest will get less and less toward the end. So who would buy this kind of property?

The investors who have tremendous losses from other properties. By acquiring this zero cash flow property, they may offset the earnings from the drugstore tenant against the losses from other investment properties. For example, a asset has 5,000 of rental profits a year, and the investor also has losses of 0,000 from other investment properties. As a result, the combined assessable profits are only ,000.
The uninformed investors who fail to consider that they have to raise supplementary cash to pay earnings taxes.

Out of the Box thinking If you put too much weigh on the S&P rating of the tenants, you may end up whether taking a lot of risks or passing up good opportunities.

Good location should be the key in your decision on which drug store to spend in. It’s often said a lousy firm should do well at a great location while the best tenant will fail at a lousy location. A Walgreens store that is ended down later on (yes, Walgreens ended 119 stores in 2007) is still a bad investment even though Walgreens continues paying rent on time. So you don’t want to blindly spend in a drug store simply because it hasa Walgreens sign on the building.
No firm is crazy adequate to close a profitable location. It does not take a rocket scientist to understand that a financially-weak firm like Rite Aid will make every endeavor to keep a profitable location open. On the other hand, a financially-strong Walgreens will need justifications to keep an unprofitable location open. So how do you determine if a drug store location is profitable or not if the tenant is not required to disclose its behalf & loss statement? The acknowledge is you cannot. However, you can make an educated guess based on store’s every year gross earnings is often reported to the landlord as required by the percentage clause in the lease. With the gross revenue, you can determine the rent to earnings ratio. The lower the ratio, the more likely the store is profitable. For example, if the every year base rent is 0,000 while the store’s gross earnings is M then the rent to earnings ratio is 5%. As a rule of thumb, it’s hard to make a behalf if this ratio is more than 8%. So if you see a Rite Aid with 3% rent to earnings ratio then you know it’s likely a very profitable location. In the event Rite Aid declares bankruptcy, it will keep this location open and continue paying rent. If you see a Rite Aid drug store with 3% rent to earnings ratio contribution 11% cap, chances are it’s a low risk investment with good returns. The weakness of corporate guaranty from Rite Aid is probably not as principal and the risk of having Rite Aid as a tenant is not no ifs ands or buts that significant.
Drug stores with new 25 years leases tend to sell at lower cap, e.g. 7-7.5% cap on new stores versus 8.0-8.5% cap on established locations with 8-10 years remaining on the lease. This is because investors are afraid that the tenants may not renew the leases. Unfortunately, lenders also have the same fear! As a effect many lenders will not finance drug stores with 2-3 years left on the leases. The fact that drugstores with new leases have a prime on the price means they have potential of 10% depreciation (buying new at 7.3% cap and selling at 8.3% cap when the leases have 10 year left). Some investors will not consider investing in drug stores with 5-10 years left on the lease. They might simply ignore the fact that the established stores may be at irreplaceable locations with very strong sales. Tenants simply have no other choices other than renewing the lease.

Walgreens, Cvs, and Rite Aid – What Re Investors Should Know in 2011

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If you wish to turn 100 dollars into thousand, you could very well do that, but first know the arrival you want to take. Methods vary depending on their Returns on Investment, and thus you would need to be clear what you would wish to put this 0 into. Here are some ways explained with their estimated time duration, by which the 0 could swell up to 00.

o If you are a cusine Specialist, buy some healthcare foods worth 0. Cook up some recipes at your home and package them well. Promote these recipes to your neighbors as a wellness recipe. Fee them per course. Assume you have sold 20 courses, which would give you a total of 0. This is day 1. Do it for 10 days, and you would be able to make 00 easily.

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o Are there too many kids colse to in your locality? If yes, you could do something for their recreation. With some open space, you could open up a recreation town for the kids in your locality. Spend up to 0 in improving the space, and throw it open for all kids. Ask the parents of the kids to pay you per entry, which they could use up to a week. Assuming 40 kids enroll with your recreation center, you end up with 00.

o Parents need to drop their kids to school, but just do not have the time to do so. If you have a car, offer to drop their kids and Fee the parents a monthly fee of 0. Assume you take 5 kids and drop them to school, that still gives you 00.

You would note the basic nature of these ideas. You have not racked your brains behind some technical belief but merely catered to the needs of people.

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On most Fha loans, a homebuyer would have to put down a 3.5% down payment. Recently, they are now contribution loans with 100% financing and only a 0 down payment for owner-occupied homes. So how does the Hud home schedule work?

Hud does have special requirements on the 0 down payment hud homes for sale. All buyers must live in the asset for a least one year and is not available to investors. The buyer must offer the full request price of the Hud home and the buyer must use an Fha loan for the buy of the hudhome. You must also meet the qualifications for an Fha-insured loan.

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How Does the schedule Work?

On every Friday, Hud lists their foreclosed homes for sale. The first ten days, Hud accepts offers only from owner-occupied buyers. This is called the exclusive listing period. On the eleventh day, they can pull the listing to re-price it or open up the bidding to non-owner-occupied buyers. This special schedule is good for those owner-occupied interested buyers in that first ten-day timeframe.

First, you can visit your Realtor to get pre-qualified for the program. This is a process where you submit personal information to Hud and they will give you pre-approval for the program. Next, you quest for a hudhome for sale. Once you conclude on a residence, your real estate broker will submit the offer to buy. You will be competitive with other buyers within the first ten days. One you win the bid, you buy the hudhome using an Fha insured loan.

Are There special Requirements?

Hud does have some requirements in order for you to qualify for the 0 down payment hudhome opportunity. They are as follows:

o It must be your former abode and you must live there for one year.

o You must offer Hud’s full request price to be considered.

o You must get and Fha-insured loan that has whether a fixed rate or an adjustable rate and is 30 or 15 years in length.

o Your debt to earnings ratio must be 31%/43%.

o The maximum whole of the loan cannot exceed 2,790.

o This Hud offer is good on all Hud single-family homes, townhouses, planned unit development homes, and condos.

o You must have a minimum prestige score of 580 and if you recently had a bankruptcy, it must have been discharged 24 months prior to your hudhome purchase.

o You must have two years of employment history and Fha mortgage insurance is required for all 0 down payment Hud homes.

How Do I Start?

You can speak with your real estate broker who can tell you what Hud homes are available for sale in your area. You will work with them to get you pre-qualified for the 0 down payment choice and get an Fha-insured mortgage straight through a approved lender, such as your local bank.

This special schedule will not last forever, so if you are interested in purchasing a foreclosed Hud home, palpate your realtor today to get started.

Hud Homes For 0 Down cost – Learn the Process

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