What are Mineral Rights and Who Owns Them?

Minerals such as coal, natural gas, and oil are beneath the surface of the ground. Property owners generally own these minerals unless they have been sold previously. There are a few ways they can be separated from the property.

When are Mineral Rights Separate from the Property?

If the owner sells the mineral rights to someone or if they sell the property and retain the rights to the minerals, then they are no longer a part of the property, regardless of how many times it changes hands. The deed to the property would include a statement saying that the seller is retaining the mineral rights. If they sell the mineral rights separate from the property, a mineral deed is given to the person purchasing the property. The property can also be sold to one person and the mineral rights to another. Since deeds do not have to state that the mineral rights are not included with the land, it is possible that you only own the land and not the minerals. The only way to be certain is to hire someone, typically an attorney, to trace the deed to your property back to the original one to see if the mineral rights have been sold.

Why Sell Mineral Rights?

Depending on the area where you live, mineral rights could be valuable. If you live where drilling for oil or natural gas is common, you could receive a significant amount of money for your mineral rights. They can be sold for a lump sum or you can receive royalties from the minerals. If you are considering selling mineral rights Texas, one example of a company that purchases them is Endeavor Acquisitions, LLC. If you lease the mineral rights to someone who wants to develop the minerals, you can receive royalties. The person developing the minerals will receive the largest portion of income from them because they assume all costs of the development.

Common Minerals

Coal, oil, and natural gas are minerals that are the most desirable for extracting. There are other minerals such as silver and gold that are mined. Ores are also mined and can include limestone, coal, gemstones, chalk, and metals. In some instances mineral rights can include surface minerals such as gravel.

Mining has a history that can be traced back thousands of years. The first items mined were stones and metals used for making tools and weapons.

NEW YEAR, NEW FINANCIAL STATUS

Tired οf spending ѕο much time budgeting ѕο thаt уου don’t overspend? Bесаυѕе іf уου overspend уου wіll become financially unstable? Hοw аbουt уου live a different lifestyle іn 2017, whеrе уου won’t hаνе a hard time choosing between quality аnd price. Lеt υѕ gο through ways уου саn mаkе money іn 2017.

i) Work Pаrt-Time

Thіѕ applies tο аlmοѕt everyone, whether one іѕ a student οr working class οr јυѕt someone whο sits around doing nothing. Yου саn dedicate a few hours οf уουr day tο ѕοmе side job thаt wіll gеt уου extra income. Sіnсе уου’re going out οf уουr comfort zone tο gеt ѕοmе additional pay, уου саn dο something уου lіkе аnd еnјοу. Fοr instance, take advantage οf a hobby, lіkе writing οr reading (reviewing), painting аnd whаt nοt.

ii) Save!!

Yes, tο thе last penny. Going fοr a drink? Aѕk fοr thе change. At thе supermarket, wait іn line till уου gеt уουr balance back. Gο fοr cheaper alternatives whenever quality іѕ nοt a matter οf qυеѕtіοn. Yου hаνе a coupon? Don’t bе ashamed tο υѕе іt. Those lіttlе savings wіll take уου a long way. In addition tο thаt, уου саn open up a savings account. Sοmе banks offer tο save уουr money аnd give уου аn interest οn top οf іt аt a сеrtаіn rate. It іѕ advisable tο gο fοr one whісh offers a compound interest, here thе rates аrе applied οn аn increasing balance.

iii) Invest

Wіth thе money уου hаνе saved, уου саn сhοοѕе tο invest раrt οf іt іn a risky venture. Keep іn mind аll investments аrе risky ventures. Yου ѕhουld carefully research οn whісh company іѕ worth investing іn, one thаt hаѕ minimum risk аnd a considerable return. Thеrе’s a lіttlе confusion whеn іt comes tο Investing аnd Trading. Investing іѕ thе act οf buying shares οr stocks аnd keeping thеm fοr thе long hold wіth thе hopes thаt іt wіll grow wіth time whіlе Trading іѕ actively buying аnd selling thеѕе shares. An example οf a trading company іѕ thе CMC Markets.

iv) Bе Yουr Own Boss

Thеrе аrе many ways уου саn gο wіth thіѕ one, bυt a main course wουld bе starting уουr οwn business. Thіѕ іѕ аѕ risky аѕ іt саn gеt bυt thе fruits іt bears іѕ quite worthy. Thіnk οf a simple legal business іdеа, gο through thе proper protocols οf registering іt аnd gеt work уουr head οff tο give іt a heavy push. Aftеr thаt thе business wіll pretty much rυn itself. If thе ѕtаrt-up capital proves tο bе difficult, уου саn find alternatives tο gеt thе money required. Yου сουld apply fοr a CDF funding programme, look fοr investors οr, whеn thе wοrѕt comes tο thе wοrѕt, gеt a loan. Don’t рυt tοο much аt risk though.

v) Bе Proactive

Wіth аll thе advancement іn technology, іt іѕ possible tο take multitasking tο crazy levels! Taking a lunch brеаk аt work? Download a survey app аnd complete surveys аt a fee. Arе уου рlаnnіng tο text уουr friends аnd family? Download a paying social networking app, invite thеm аll аnd earn ѕοmе money іn thе process. In short, thеrе аrе аll thеѕе іntеrеѕtіng ways οf mаkіng money online whіlе doing аll thеѕе fun stuff.

vi) Sell аnd Recycle

Thіѕ wіll bе very helpful іf уου hаνе a lot οf stuff thаt уου’re nοt using. Yου сουld auction thеm. And whenever уου want tο bυу something nеw, уου mіght consider recycling thе older one first. Fοr instance, іf уου want tο bυу a nеw laptop, уου сουld exchange уουr οld laptop fοr іt аnd a small fee οn top οr уου сουld first sell уουr οld laptop, gеt thе money уου gοt fοr іt, add a lіttlе more аnd gеt yourself a nеw better laptop. Yου сουld аlѕο consider purchasing second hand items whеn thе nеw versions аrе expensive, lіkе уουr first car, tο avoid a heavy rip οff уου саn bυу a second hand car.

vii) Budget

I know thіѕ іѕ contrary tο whаt wе’re aiming аt, bυt іt іѕ very іmрοrtаnt tο keep track οf аll уουr expenses. Thіѕ іѕ tο avoid consequences οf poor record keeping.

Improve Your Cash Flow And Increase Profitability

Many companies have yet to recognize the goldmine that is sitting in their accounting department. While management looks for ways to make payroll each week and pay other operating expenses, customers are waiting as long as possible before paying their invoices. For these companies, asset based lending? is the answer to their cash flow problems.

Why This Type of Lending is Good for Business

Borrowing against your business assets is a great solution when you have financial needs that traditional banks are unable to grant. The process of applying for business loan typically takes more time than you have to wait. Payroll is due Friday. You need to spend money right now to complete a marketing plan that will attract more customers.

This is a flexible solution that gives you greater leverage over what you need to borrow without adding debt. Instead, lenders who offer this financial solution use current assets you own to determine how much you can receive. You never have to borrow more than you need and you use what you already own as collateral.

Generally, you will receive a line of credit based your business’s;

  • Accounts receivable
  • Equipment and machines
  • Material inventory

You get a cost-effective way to raise capital without surrendering equity in your company. ABL allows you to recapitalize, grow, fund payroll and take advantage of supplier discounts when you purchase materials in larger quantities.

How to Get This Financing for Your Business

There are many financial service companies that offer ABL to businesses just like yours when it is needed most. If you have been in business for less than five years, you want to find a reputable company that extends lines of credit to young companies.

Nevertheless, securing this type of financing is comparatively easy. Good reporting systems, inventory that is commonly sold, good financial statements and customers with a positive track record of paying all factor into your eligibility for this type of funding.

Be prepared to present the financial picture of your business. Details and accurate financials are essential to get this funding when you need it most.

Asset-based loans care a much needed capital source for businesses like yours experiencing rapid growth. Sometimes, all it takes is an infusion of cash to help you avoid stalled growth. Clearing that financial hurdle will position your business for a solid future. Not only is this good for daily operational expenses, but you can also use ABL to finance an acquisition.

Hiring a Skilled Litigation Consultant

There might come a time when you find yourself in need of the services of a litigation consultant. If this is the case, you will need to know what qualities to look for to help narrow down your search. You should never be in a hurry to hire a litigation consultant. This decision is much too important to make without carefully considering all of the details. Taking the time to compare all of the available consultants will ensure that you hire the right one to help you win your case. Here are the qualities that you should be looking for in a consultant.

1. Many years of experience

You need to be sure that the litigation consultant you hire has been doing this job for many years. This will ensure that you are getting the highest quality advice for the money you are paying. The help that your consultant gives you could play a major role in you winning the case. Therefore, you should go out of your way to hire the most experienced litigation support specialist you can find. You will need to pay more money to hire a person with a large amount of experience. However, this will be money well spent.

2. An outstanding reputation

Being a litigation consultant for many years does not guarantee that the person is good at his or her job. Therefore, it would be in your best interests to look into the person’s background. After all, this person will be working on your court case. You owe it to yourself to learn as much as you can about this person before you put your legal fate in his or her hands. You do not want to put yourself in a situation where you learn some bad things about your consultant after he or she has already been working on your case. Basically, you need to make sure your litigation consultant has an exemplary track record.

3. A fee that is fair

The prices that litigation consultants charge for their services can be quite different. This is why you should never assume what a consultant’s fee will be. Take the time to speak to the various consultants in your area and get quotes from the people you are interested in hiring. You should mention that you are taking bids from other consultants. This might cause some of them to lower their price.

6 Things You Might Not Know About VA Loans

Most people know that if you’ve served in the armed forces you’re usually eligible for loans from Veteran’s Affairs, usually referred to as the VA. But knowing you can get VA loans and understanding what that really means are two different things. To help you better understand these loans and how they can benefit you, here are six things many people don’t know about VA loans.

You Can Reuse Them

If you’re approved for a loan amount, you can keep getting loans of that same amount over and over. You just have to pay off the full amount each time before you can get your next loan. So, if you’re approved for a $5,000 loan, after you pay back the first $5,000 you can reuse that loan amount and get another $5,000 loan.

They’re Only Meant For Primary Use

This means you can’t use a VA loan to purchase a second property or for a rental location in another state. The loan is only good for primary use, meaning you can only apply it to your main home, car, and so on. There are a few exceptions to this, but they are rare.

Bankruptcy? No Problem

Regardless of bankruptcy or other financial problems, you will usually still be approved for a VA loan. Foreclosures? Those are fine, too. In fact, you can still get a VA loan even if you’ve had a previous VA loan foreclosed on.

VA Loans Come With a Fee

While you don’t have to pay any mortgage insurance on a VA loan, you do have to pay a processing fee of sorts. It’s called the VA Funding Fee, and it usually amounts to two percent of your loan amount. This fee goes back into the program to help make sure the VA can keep the program going and give loans to other vets in need.

Some Companies Specialize in VA Loans

If you’re trying to find a company to work with you might be confused or frustrated. While any bank can offer you a loan, only certain companies specialize in VA loans. These companies, like Flagship Financial, can help you get through the process faster and easier, and they’re able to look out for small details that other companies might not know to look for. Always seek out this kind of niche expertise as it can save you in the long run.

VA loans are a great opportunity for those who have fought bravely and served their country. It’s a way of saying “thank you”, and if you’re a veteran in need of a little financial help, they’re a great opportunity. Do your research, find a niche company, and give yourself the cushion you need – you’ve earned it.