Month: August 2022

Freight Moving Industry Calls Upon GPS Trackers

You know those semis that you pass on the Interstate systems around our nation are carrying lots of merchandise – many thousands of dollars of merchandise. Groups of thieves have been targeting these trailers for the goods that they carry so that they can steal and profit from them on the black market.

The most popular items to steal are electronics, with food and drinks about even. The reason is that electronics are in such high demand by consumers, and the food and drinks are very easy to move once they have been stolen. Pharmaceuticals are popular, too because of their high street value.

Thieves are smart, though, and so a concerted effort is needed by the manufacturers, logistics industry, law enforcement, and government to stem the tide of these types of theft.

The First Line Of Defense For Freight Businesses

GPS tracking devices are considered the first line of defense because they can be used in three ways. First, to track the big rigs, large ships, and rail engines that provide the horsepower to pull their cargo. These vehicles have already been using satellite-based navigation systems to help monitor the shipping departure and arrival times of their cargo.

But now, real time GPS trackers are being used to track the cargo containers themselves.This includes semi-trailers and ocean-bound containers.These GPS devices help track the containers which may or may not become disconnected from the hauling engines.

Finally, GPS Tracking devices are placed inside of a product that is being shipped to a destination.These do the job of providing location information should the cargo become stolen. If the first two devices fail to give that information, this one should do the job.

We are seeing many thefts occur in the states of California, Texas, and Florida. But make no mistake; thieves will turn up wherever they can find the cargo for which they are looking.

It’s amazing how technology can make such a large impact on our world. Witness the effect of cell phones and the things that are now possible with them. GPS tracking is having a similar effect on many areas of our society right now, too. And it is sure to continue.  As more applications arise for this technology it will be put to use; and will prove its worth many times over as well.

One of the best uses of GPS asset trackers is in the tracing of stolen freight by bands of thieves. Around the world, news stories are mounting about the theft of freight from semi-trailers, trains, and maritime shipments.

Recently, a shipment of pharmaceuticals was recovered because of a small, pill-bottle-sized GPS Tracking device. This shipment was intercepted and the suspect was apprehended without incident near St. Louis, Missouri.

This underscores the need for further use of live GPS tracking in this application.  Here is where the fight will be won or lost in this arena.

Full GPS Implementation

The effort to fight back against cargo theft must be waged on three fronts.  These areas must work in concert for there to be the greatest amount of success in thwarting theft activities.

The logistics industry has long embraced GPS Tracking to help navigate shipments and track while in transit and for location purposes. But that is not enough. Closer monitoring can help detect if there is a problem.  A ship that goes off-course suddenly or a semi that takes an unexpected detour should raise immediate red flags to those who monitor these shipments.  It might indicate that a vessel, semi, or other vehicle has been stolen for the purpose of stealing the cargo that it is transporting.

Containers such as semi-trailers, large shipping containers, and other portable objects must have their own personal GPS tracker. Not only does this help in the shipping verification process, but it also helps companies that own these assets by being able to track their location. When your assets are traveling all over the globe, you better have a location system that can follow them so that when it comes time for reconciling where they are located, you can do so with ease.

This is the last mile in the process. Placing a mini GPS tracker that is hidden among the product can help locate it should it become stolen and separated out.  As was mentioned above, a small device can be made to look like a regular product and placed along with the real shipment. Unsuspecting thieves will then take that product which can be tracked to their location.

This will become the model that is used to recover the stolen cargo and send a message to thieves that it is no longer profitable to be engaged in this activity.

Real Estate Short Sale Investing

Before I begin, you should know my name is Ross Treakle and I interview real estate investors as part of my job.  In each interview I try and pick and pry at each investor to get the highest quality information so that my subscribers can hear up to date, high content interviews.

Below I have taken an exert from the very first interview I ever conducted.  I conducted this interview with my brother, Graham “Mr. Banker” Treakle.  Graham is a short sale investor with special insider knowledge as he has worked in some of the nation’s largest banking institutions. USDA Florida!

 
I always start off every interview asking the speaker to speak briefly about there particular area of expertise.  Below is Graham’s answer to what a short sale is and why banks accept short sales.

“We’ll go over the numbers, Ross. A short sale is pretty simple. If you have a property that’s worth $150,000 and let’s say it has a first mortgage for $100,000 and a second mortgage for $40,000-what that means is the total debt on that property, or the total mortgages, is $140,000. Being a real estate investor, I wouldn’t want to buy a $150,000 house for $140,000. It doesn’t make sense. Housing Markets!

A short sale is when you get the bank to not take $140,000, you get them to take less, like $110,000. The banks are going to do this for several reasons. First, they’re going to have a lot of expenses that are associated with a foreclosure. They’re going to have realtor’s costs, foreclosure costs, holding costs, repair costs-they’re going to have all sorts of fees associated with a foreclosure.

Inevitably, the bank is only going to recoup somewhere around 70% of the value of the property. That’s why banks will take short sales on foreclosures. The natural follow-up to that is, “Why are foreclosures such a hot commodity right now, and why is there a lot of buzz about them?” There are several reasons to that too, and it’s really scaring the banks right now.

The first one is: when I was at the bank and someone had equity in their home and I found out they had equity, I would call them up and say, “Hey, Mr. Smith, I see you have $30,000 in equity in your home. How would you like to get a home equity line of credit?” Or, “How would you like to pay off that car with a home equity loan?”
So banks are constantly calling these homeowners to use equity in their home because there are some potential tax savings in structuring your finances that way. That’s one of the things.  Alabama Rates!

Secondly, inflation is outpacing wage growth. That means what it takes for you to buy milk and eggs today is going to increase faster than how much your earnings are going to increase on average. For instance, if you have someone who’s making $100,000 a year, let’s say inflation is 3% and your raise every year is 1.5%. So inflation is growing at twice the rate your salary is. That’s another component. That means folks are earning less and less, relative to the goods they’re going to have to buy.
The next thing is that a lot of folks may recall this brief refinance boom we’ve been going through, which is pretty important. People went out and got a lot of mortgages called “Adjustable Rate Mortgages,” which have an extraordinarily low interest rate to start, let’s say 3% in some cases. But in a couple of years, maybe two to five, depending on the term of the Adjustable Rate Mortgage, their rate is going to go up, it’s going to adjust upward.

So people went out and bought more house than they could normally afford, or they refinanced, got the low payments, and bought a car that they couldn’t afford if their payment had to adjust upward. What’s going to happen here in the next two to five years is that all of these ARMs are going to be adjusting upward, and that’s pretty critical because people aren’t going to be able to afford them.

They aren’t going to be able to afford them because they didn’t count on it, and also because inflation is outpacing wage growth. All of this sounds great, but you may say, “How is that going to affect my business?” 

Here’s the way it affects your foreclosure real estate business. If you’re in a judicial foreclosure State, where properties that are in foreclosure go through a judicial process before a foreclosure is complete; or a non-judicial foreclosure State, where the properties go through a trustee as they’re going through a foreclosure-you’re going to see less and less equity in these properties. 

So if you know, like I said earlier, that banks are going to take short sales because of the numbers-meaning they have to pay all of these expenses-and the foreclosed properties aren’t going to have a lot of equity in them, you have to be able to negotiate short sales effectively if you’re going to be working in the foreclosure market. 
The foreclosure market represents the most motivated sellers. Traditionally, with motivated sellers, you’ll find really good deals. That’s why banks are going to take foreclosures on the conditions that are spurring on all these foreclosures. It’s an amazing phenomenon that we’re working on right now.

Folks might also ask about a common [inaudible]. Well, what if we’re in a real estate bubble? If we’re in a real estate bubble, that means values are going to go down, which means folks are going to owe more than what their property is worth. Again, negotiating short sales is going to be critical to your success in the foreclosure business. If we’re not in a bubble, that’s fine too.

We already [backed out] the numbers; still negotiating short sales is going to be critical to your real estate business because people are borrowing up to, and sometimes above 100% of the value of their property. Whatever way you slice it, as far as having a skill, negotiating short sales is probably, in my opinion, one of the most lucrative skills that someone can have as a real estate investor.”

I hope the above information gives you some insight into the world of real estate investing and short sales.  Graham has worked very hard at becoming an expert on this topic and is a resource you should inevitably add to your business. 

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