After the disastrous performance in the first Formula 1 Grand Prix in Melbourne, Ferrari fans, sponsors and merchandise producers may have been worrying that it had created a standard for the rest of the season. This however has changed in the last month with Ferrari putting in performances that at the worst could be described as resurgent. In the last two races Ferrari fans, merchandise companies and sponsors will be infinitely happier, the dominant position that was apparent at the end of last season has been regained and in Ferrari eyes this is the return of to the correct order of things.
The last race weekend in Bahrain saw a domineering one two finish for the team that not only placed both drivers on the podium but leapfrogged the team to second in the constructor's championship only a solitary point behind the unexpected leaders, BMW. Gaining prominence over main rivals McLaren Mercedes would have been what merchandise producers, sponsors and the avid fan base wanted. After spending the majority of the season behind the British team last year, to take the lead is a great psychological advantage; one that they will be hoping to cling on to.
The Bahrain Grand Prix saw the previous season's champion driver finish in second position. This will make his personal sponsors and merchandise dealers jubilant as in Melbourne it looked as if he was going to struggle with the new anti-traction control regulations. This has proven to be unfounded as he has put in two solid performances since then, taking the chequered flag in Malaysia. The reigning champion now stands three points clear of BMW's Nick Heidfeld, whilst his main rival Lewis Hamilton is a surprising five points behind the Finn. Merchandise produces, sponsors and fans will be wishing for the state of play to stay this way.
So far though, it is Ferrari that has been fortuitous in the opening stages of the 2008 Formula 1 season, unlike last year. McLaren have had problems in both the races since Australia, especially young racing prodigy Lewis Hamilton. While in Malaysia both Hamilton and his team-mate Kovalainen were penalised for going too slowly during their qualifying in-laps.
This time it was Hamilton who had a mare of a weekend. After first putting his car in the wrong setting at the start and losing five grid places he found himself in the unenviable position of tenth. It would have been salvageable had it not been for an altercation with Lewis' former team mate Fernando Alonso, which saw Hamilton lose his front end and another three places for a unscheduled pit-stop. Whether his sponsors and merchandise producers will be worrying is undisclosed, but the ever philosophical Hamilton still fancies his chances for the title.
Ferrari will be happier with the performance of their second driver Felipe Massa. After a spin in Malaysia that saw him forced into retirement during the thirtieth lap; his backers, sponsors and merchandise dealers may have been be questioning their support. Added to this his performance in Australia was blighted by engine problems and yet another retirement this time in the twenty ninth lap. The Brazilian Massa will however be buoyed by his performance in Bahrain which saw him take the chequered flag in a weekend dominated by the prancing horse of Ferrari.
The season is still however in its infancy and there is a long way to go for all the teams. While Ferrari may be currently benefiting from a string of bad luck for rivals McLaren, luck can change quickly in Formula 1. Last year's season only goes to show that leading all season does not guarantee a title; something sponsors, merchandise suppliers and educated fans will be acutely aware of.
As the teams head for the first of the European stints, plenty of practice and testing will be undertaken to ensure maximum performance. All eyes in Spain will be on a flagging McLaren team to assess their ability to compete with not only Ferrari but surprising championship leaders BMW.
Friday The 13th Bad Luck
A foreclosure on a property can be an ideal investment opportunity, if you know how to sort out the good ones from the bad. The foreclosure investment game isnt about just snapping up the first bargain that comes up at auction. To take strategic advantage of a foreclosure investment opportunity, you will need to keep a few things in mind.
Its important to consider the quality of the property in question, its location (which includes the amenities of the neighborhood), any liens on title, and more. The following tips will help guide you through the world of foreclosure investment opportunities to find the best ones for you.
More Isnt Always Better
In fact, when it comes to foreclosures, the fewer there are, the better it is. Dont invest in a property that is in a neighborhood full of other foreclosures. A high number of foreclosures in an area only serves to decrease the property values in the area, and the resale potential of a property may be challenging if you are competing against other foreclosures. If the property you are looking at is the only foreclosure in the neighborhood, or one of only a very few, your chances of a quick resale are much better.
Location is Everything
The old real estate adage location, location, location really is true. It has been said that the right (or wrong) location can determine the fate of nearly every real estate investment. Location is more than just about the physical location of a property, however. Consider the areas property values, the rate that the areas properties are appreciating in value, and the areas proximity to valued amenities, such as reputable schools and convenient shopping. When purchasing any kind of real estate for resale, you need to keep in mind that you can always change the building, but you cant change its location!
Dont Be the Heavy
Usually, a foreclosure investment property is vacant when it goes up for auction, usually because the bank or other lender has already evicted the homeowners from the building. Sometimes, however, the previous homeowners are still living there until the property is resold. If you purchase a property in which the previous homeowners are still living, youll be responsible for evicting them. And thats not something anyone wants to do. Getting evicted from your home is embarrassing at best, and the previous homeowners are not likely to be willing to leave gracefully.
The eviction process can be lengthy and expensive. Its more than just a matter of knocking on the door and saying, OK, I live here now. Get out. Save yourself some hassle and some money and ensure that the investment property you are interested in is listed as vacant, and always confirm this before you take over, just to be sure.
Dont Lien on Me
When considering buying an investment property, ask to see a Warranty Deed. This document will state that the property has no other liens on it, such as building code violations or unpaid taxes. You dont want to find yourself saddled with debts you didnt incur.
Inspection, Please!
When investing in a foreclosure property, its important to note that these types of properties are usually sold as is, or, in other words, the vendor (the bank) makes no guarantees about the condition of the property. This includes the propertys adherence to or failure to meet building standards or any problems with the land on which the property is located.
To prevent any unwelcome surprises in this area, always get the property inspected before you close the deal. An inspectors report will tell you if you can expect to fork out money for extensive repairs.
See into the Future
When buying a foreclosure property, as with any real estate investment, sometimes the greatest profit lies in an unlikely place. Often, it pays to look beyond first impressions of a property to see it as it could be, rather than as it is. Sometimes all it takes is $500 to give a property the facelift it needs. And the return on your investment is likely to be much more than your payout.
Both Thomas Pretty & Ben Needles are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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