Search This Blog

Monday, January 30, 2012

The Secret Travel “Loophole” Airlines Pray You Never Learn by Marc Charles


The Secret Travel “Loophole” Airlines Pray You Never Learn


8:14 AM

Dear Entrepreneur:

This stuff is never advertised!

And most people don’t make a dime on this loophole so they’re not going to tell you about it either.

I used the loophole on a flight from LA to Boston recently, and when I mentioned it to the airline reservation clerk she pretended like it didn’t exist.

But believe me….it’s very real….and it works!

One airline was fined $375,000 recently for trying to withhold this loophole from a passenger.

And forget about getting info from Uncle Sam. Maybe it’s the $40 million airline lobby…oh well.

Real People Using “the Loophole”

·        Harvey Oreck, a former barrister from Vancouver, British Columbia has scored more than 30 free flights!

·        Christopher Lotz, from San Jose CA scored a FREE flight voucher worth about $1,000 -- enough for a European trip!

·        Tom Parsons, (founder of bestfare.com) has received $1,000’s in free flights

·        Asheet Aswahi, from Pittsburgh PA snagged four free flights, meals and lodging over a 12 month period

Here’s the deal…

Airline overbooking is not illegal.

Airlines always overbook flights to compensate for the "no-shows."

The downside to overbooking is passengers typically get "bumped" as a result.

Listen carefully….

When overbooking occurs, the Department of Transportation (DOT) requires airlines to ask passengers if they’re willing to give up their seats voluntarily, in exchange for compensation.

Bumped passengers are entitled to compensation!

Getting Bumped for CASH!

According to the Associated Press, 69,000 passengers were bumped in 2010!

Most of these passengers didn’t receive a dime in compensation because they didn’t know how “the game” is played.

Here's How the “Bumping Game” Works

At the check-in area, airline employees will look for passengers willing to give up their seats when a flight has been oversold.

If you're not in a hurry you can give up your seat in exchange for compensation and a later flight.

But don’t agree to the “bumping game” until you get answers to these questions:
Can the airline provide a confirmed seat on the alternate airline? The alternate flight may be acceptable. But if they offer to put you on standby flight that's full, you could be stranded.

Will the airline provide other amenities such as free meals, a hotel room, phone calls, and ground transportation? If not, you might have to spend the money they offer you on food or lodging while you wait for the next flight. This is a big one!

The DOT does not say how much an airline is required to compensate “bumped” passengers.

This means the airlines can negotiate with passengers for an acceptable amount of money or a free trip (and possibly other incentives).

The airlines provide employees with guidelines for bargaining with passengers.

They may select the volunteers who are willing to sell back their reservations for the lowest price!

If the airline offers you a free ticket, ask about the restrictions.

How long the ticket good for?

Is the ticket "blacked out" during holiday periods?

Can the tickets be used for international flights? This is a stickler! I received a free flight and compensation, but I found out later it couldn’t be used for a flight to Bermuda. I complained and the ticket was revised!

Most importantly, can you make the reservation, and if so, how far before departure are you permitted to make it?

Three Things to Consider When Accepting “DBC”

Denied Boarding Compensation or DBC requires airlines to give all involuntarily bumped passengers a written statement describing his or her rights.

The statement must explain how the airline decides who can board an oversold flight and who does not.

Involuntary bumped passengers are entitled to a payment of “denied boarding compensation”. The actual amount depends on the price of their ticket and the length of the delay.

If you are bumped involuntarily and the airline arranges substitute transportation which is scheduled to get you to your final destination (including later connections) within one hour of your original scheduled arrival time, no compensation is required.

If the airline arranges substitute transportation which is scheduled to arrive at your destination between one and two hours after your original arrival time (within four hours on international flights), the airline must pay you an amount equal to your one-way fare to your final destination, with a $400 maximum.

If the substitute transportation is scheduled to get you to your destination more than two hours later (four hours internationally), or if the airline does not make any substitute travel arrangements for you, the compensation doubles (200% of your fare, $800 maximum).

In most cases you’ll keep your original ticket and use it on another flight.

If you choose to make your own arrangements, you can request an "involuntary refund" for the ticket for the flight you were bumped.

The “denied boarding compensation” is essentially a payment for your inconvenience.

Surprise “Conditions” Airlines Don’t Want You to Know

In addition to the ticketing deadline, each airline has a check-in deadline. This is the amount of time before scheduled departure when you must present yourself to the airline at the airport.

For domestic flights most carriers require you to be at the departure gate between 10 minutes and 30 minutes before scheduled departure, but some deadlines can be an hour or longer.

To be eligible for compensation, you must have a confirmed reservation. A written confirmation issued by the airline or an authorized agent qualifies you in even if the airline can't find your reservation in the computer, as long as you didn't cancel your reservation or miss a reconfirmation deadline.

You must meet the airline's deadline for buying your ticket. Discount tickets must usually be purchased within a certain number of days after the reservation was made. Other tickets have to be picked up no later than 30 minutes before the flight.

Check-in deadlines on international flights can be as much as three hours before scheduled departure time.

Some airlines may require you to be at the ticket/baggage counter. But most airlines require you to be in the boarding area.

Important Note: If you miss the ticketing or check-in deadline, you may have lost your reservation and your right to compensation if the flight is oversold. No compensation is due if the airline arranges substitute transportation which is scheduled to arrive at your destination within one hour of your originally scheduled arrival time.

If the airline must substitute a smaller plane the carrier is not required to pay people who are bumped as a result.

In addition, on flights using aircraft with 30 through 60 passenger seats, compensation is not required if you were bumped due to safety-related aircraft weight or balance constraints.

The rules do not apply to charter flights, or to scheduled flights operated with planes that hold fewer than 30 passengers. The rules do not apply to international flights inbound to the United States.

However some airlines on these routes may follow them voluntarily.

When a flight is oversold and there are not enough volunteers, some airlines bump passengers with the lowest fares first. Once you have purchased your ticket, the most effective way to reduce the risk of being bumped is to get to the airport early.

For passengers in the same fare class the last passengers to check in are usually the first to be bumped, even if they have met the check-in deadline.

Allow extra time; assume that the airport access road is backed up, the parking lot is full, and there is a long line at the check-in counter.

However, if you arrive so early that your airline has another flight to your destination leaving before the one that you are booked on, either switch to the earlier flight or don't check your bag until after the first flight leaves.

If you check your bag right away, it might get put on the earlier flight and remain unattended at your destination airport for hours. Airlines may offer free transportation on future flights in place of a check for denied boarding compensation.

If you are bumped involuntarily you have the right to insist on a check if that is your preference.

When you cash a check (and accept the free flight), you lose the right to demand money from the airline later on.

If being bumped costs you more money than the airline will pay you at the airport, you can try to negotiate a higher settlement with their complaint department. If this doesn't work, you have 30 days from the date on the check to decide if you want to accept the amount of the check.

You are always free to decline the check (e.g., not cash it) and take the airline to court to try to obtain more compensation.

Don't be a "no-show." If you are holding confirmed reservations you don't plan to use, notify the airline. If you don't, they will cancel all onward or return reservations on your trip.

Improve Your Odds of Getting Bumped

There will always be airline passengers with urgent travel needs.  Their top priority is arriving at their destination on time.

The airlines are required by law to seek out the passengers who are willing to give up their seats for compensation before bumping anyone in- voluntarily.

Harvey Oreck whom I mentioned earlier is often referred to as a “professional bumper”.

When Harvey hears an announcement in the airline terminal that begins “Ladies and Gentlemen…” he knows it’s a signal for an overbooked flight. He also knows it means free trips and/or cash vouchers for the “bumped” volunteers.

Oreck, a semiretired lawyer and former barrister from Vancouver, British Columbia, estimates he and his family have scored airline vouchers for about 30 flights from the bumps that he has taken over the past five years, paying for trips to Thailand, Mexico and other locales!

On a recent trip home from Las Vegas, Harvey accepted a bump to a later flight and accepted a free flight voucher.

A few minutes later, someone backed out of his original flight, allowing Oreck to go home as planned and keep his already-issued voucher!

"You have to be alert and proactive," Oreck said.

Airline over-sales swelled 12% in the 2010, giving flexible fliers a greater chance to land some great freebies and offset the rising cost of air travel.


After talking to airline employees, savvy travelers, professional “bumpers” and travel experts I refined my list to seven of the best ways to increase your odds of getting bumped.

Seven ways improve your odds…

Always get to the boarding area early. Be friendly and let the airline check-in agent you are willing to be bumped

Book flights on the busiest travel dates, times and holidays

Books flights on airlines with the highest “bumping” percentage

Books flights on the most popular business traveler times and dates

Book flights on early flights (before 8:00 AM) rather than later (after 7:00 PM)

Book single reservations

Book flights on the most popular destinations (New York City, Orlando, Las Vegas, Los Angeles and Miami are the top five)
There you have it!
The secrets of world travel using the airlines loopholes. You can also get bumped for cash!
I hope that helps.
Have fun and play nice…..and please post your comments!

Regards,
Marc Charles
“The King of Business Opportunities”

(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He should be known as "The King of Legitimate Business Opportunities"...because he's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)

*** Action Strategy ***
This “Loophole” will help you save you big time money, time and energy!

But you can also use it to get paid! That’s what I’m talking about!

You can apply the “loophole” in this week’s issue TODAY.

Would you like to learn about more of secret loopholes and insider tactics for getting HUGE discounts, VIP treatment, freebies, invitations and even CASH?

I thought so….. then check out my new program now…by clicking here.

*** Valuable Resources ***

BumpTracker (analyzes the number of seats oversold on certain flights at certain times)

FlyerTalk (Frequent flyer and “bumped” community)
AirTravelGenius.com (Insider Air Travel Tips and Advice)
FiredAirlineAgent (Susan Jacobs was a 15-year airline industry veteran until she was fired. She has written an eBook with more than 46 ways to get free airline tickets, and other insider information)
The Top Airfare Websites
They provide deep links to fare calendars to every domestic fare that can be purchased on Travelocity.com, Southwest.com, or Cheapair.com, and to Orbitz.com for most international fares
·        They show fares from every conceivable airport
·        They only list fares that they think are reasonable
·        They have better organization.


FareCompare.com is an independent airfare shopping site with most of the tools necessary to help consumers find the best deals available quickly and easily.
Every day FareCompare.com processes feeds from more than 500 airlines - totaling more than 270,000 city pairs worldwide.
Orbitz is an online travel company that enables leisure and business travelers to research, plan and book a wide range of travel products. Orbitz also owns CheapTickets, ebookers, HotelClub, RatesToGo, the Away Network, Asia hotels, and corporate travel brand Orbitz for Business.

They search more than 200 travel websites to locate the best travel
values on the Internet

Tom Parsons, one of the most sought-after travel experts in the country. He is a consumer champion, offering information on travel bargains, the airline industry and its effects on consumer pocketbooks. From frequent flyer miles to travel deals to the nation's seemingly never-ending changing security policies, Tom is on the beat.

One of the Internet’s most complete resources for airfare cuts, daily deals, airline goofs and short-term airfare cuts

Last minute travel and airfare deals

Yapta is designed to help consumers manage fluctuating travel prices so they know when to "buy low". Yapta conducts daily price checks on the specific flights and hotels and alerts you when prices drop or when they fall within your budget.

SmarterTravel.com is one of the largest online travel resources on the Internet for unbiased travel news, deals, and timely expert advice. They research the latest and best travel deals, compile travel guides for destinations worldwide, and offer money-saving tips for travelers.

DEEP Cruise Discounts!
Save up to 82% on Last-Minute Cruises. The original cruise clearinghouse!

The largest discount cruise agency in America!

Sunday, January 22, 2012

Ways to Make Money with Real Estate in a Depression by Marc Charles


Can You Recommend Some Ways to Make Money with Real Estate in a Depression?

Question:  “Dear Marc, can you recommend some ways to make money with real estate in a depression? I trust your insight and opinion. Most of the “how to make money in real estate” programs today are outdated and are trying to leverage dying trends. Thanks!”
D.K. Bloomington IN

5:51 AM

Dear Entrepreneur:

You can make money with real estate in a depression.

I’ve done it and so have other savvy entrepreneurs.

The key is to reject the “mass think” mentality.

If you invest like the general public or the masses you often lose your shirt.

Real Time Losses!

A friend of mind recently lost more than $700,000 in various real estate deals. He constructed his deals like a rookie. He succumbed to “mass think”.

My buddy bought into the real estate frenzy which says you can’t lose money with real estate “cause they aren’t making any more of it”.

Listen…..I’m not a seasoned real estate billionaire or even the “Great Predictor” of trends.

But I’m not fooled by “mass think” and the so-called “experts”.

I’ve avoided major losses in real estate the past eight years.
In fact, I haven’t lost a dime in real estate since 2001 (other than appreciation value). I’ve made money because I don’t trust the general public.

What’s more, I do my best to apply horse sense when to real estate investing.

Horse sense is sound, practical judgment.

"The thing a horse has that keeps him from betting on people."
                                                      W.C. Fields on horse sense

I know more than a dozen entrepreneurs who’ve been devastated by the recent real collapse (in six different areas of the country and in Winnipeg).

The real estate boom (and bust) over the past eight years was predictable.

And I’m not a psychic!

But if you had eyes to see, you could have known the real estate boom would never last.

Remember The League of Power special report (Level IV) about making money with real estate?

Here are four key points:

1. Minimal risk
2. The ‘experts’ and masses generally get it wrong
3. Superior knowledge beats them every time
4. This knowledge is hidden by the politicians and media

“The fact experts and masses get it wrong with such regular predictability is the reason I have minimal risk; by doing the EXACT opposite to what they do”.

Most people involved in real estate prior to the crash were exposed to maximum risk, agreed with so-called experts, utilized inferior knowledge, and believed the media were telling the truth (not to mention politicians).

In other words, most entrepreneurs were doing the exact opposite of what they should have been doing…and therefore lost money.

I knew the real estate market and sub-prime mortgages were toast when……

On a walk near my home on the coast of Maine I saw a cashier from the local convenience store drive into her three car garage attached to a $650,000 home.

This was in rural Maine mind you. $650k is a lot of money for a home here if it’s not on the water.

Anyway, when I saw this gal pull into a three car garage in her Escalade, I knew the boom was toast. That was early 2005.

This is horse sense in action.

Granted, the nationwide real estate frenzy lasted another three years. But then it went kaput!

                      The Secret to Making Money with Real Estate in a Depression

The masses were insanely bullish on real estate from 2004-2008.

In most cases, people were bullish because they were making money hand over fist…on paper!

But the market collapsed.

A lot of people, including savvy entrepreneurs lost a bundle.

Look….

We’ve learned about “perceived” and “actual” risk in The League of Power. Who else is teaching this stuff?

Let’s forget about perceived risk for a second and concentrate an actual risk.

If you want to make money with real estate in depression (or any cycle for that matter) you need wise counsel….not conventional wisdom.

Here’s what I’m talking about…..

Most people never realize, or they refuse to believe they're involved in hysteria.

                          How Do I Know its Hysteria?

One way to determine if you’re involved in hysteria is with Google.

I’m serious.

We can all agree……Google is the “engine of the masses”…right? Almost everyone with Internet access uses it.

Well, if you Google the term “real estate” you’ll discover something interesting.

Ten out of the top fourteen search results are for real estate companies and realtors.

Generally speaking, real estate companies and realtors have lost tens of billions of dollars. Their formula for making money in real estate in a depression is to “buy a house”.

Most real estate companies, developers and realtors (who own property) are underwater….meaning the owe more on the properties than they’re worth.

Heck…most individual home owners are in the same boat!

The masses are telling you to “buy a house” or “buy a foreclosed house”.

We need to remove ourselves from the masses if we want to make money in real estate in a depression.

Another key to making money with real estate in a depression as I said is by using horse sense or wise counsel.

If you don’t have it you can get it.

Proverbs talks about seeking counsel….

“Where no counsel is, the people fall: but in the multitude of counselors there is safety”


This passage is actually talking about “wise” counselors.

In other words, most people think they’re “wise” ….at least in their own eyes.

But in reality, most of the counsel you and I receive is incredibly “un-wise”.

This is a long winded response to your question…but sometimes you can’t cover this stuff in one paragraph.

Anyway, I’ll stop the Sunday School lesson! 

One of the best places to obtain “wise counsel” is from people who's ignored the "madness of the crowd" and prospered.

The “wise counsel” I’ve received over the years has been from people who ignored the masses and prospered. Many of them enjoyed phenomenal success.

The success their success not limited making money. They also had success in life….marriage, and family.

On top of that, they did this over a long period of time….not a couple of months or years.

For example, my good friend Phil S. played a major role in my success.

Phil was worth more than $200 million when he died two years ago. He enjoyed phenomenal success in business, marriage (his second one lasted 40 years) and with family.

He patiently taught me to ignore the crowd and focus on the “money making formula” for any business I was considering.
 
Anyway, I've made money with real estate.

But I've also avoided major losses!

I didn’t lose a nickel in real estate from 2004-2009.

What’s more, I’m not underwater with mortgages or overvalued real estate.

In fact, I paid cash for most of my real estate holdings before the run up and collapse of the market.


                       Fours Ways to Make Money with Real Estate in a Depression


Here are my four keys for doing it:

1)     Buy at super deep discounts
 I criticized real estate companies for their formula “buy a house”. But the difference is buying at “super deep discounts”. Real estate companies will always show you their “listings” first, and are not interested in deep discount deals.

2)     Be patient for the right deal. If you’re over anxious about doing deals you will lose money
Patient is waiting six months to a year for the right deal. You may find it in two weeks. But you’re willing to wait until you find the diamond.

3)    Pay cash whenever possible
Heck…you can find a boatload of deals in Maine, North Carolina, Arizona or Indiana for under $30,000! It takes a lot of effort to lose money on a house or property when you only spend $30k.

4)    If you own rental property beat your competition into submission.
This is a BIG deal in a depression. It means you need to stop thinking like “the masses” and raise the rents because you’re broke.  Lower your rents! Improve the properties, add some amenities and respect your tenants (don’t just talk about it). Your competition can’t lower rent, improve spaces and respect tenants. So, let’s beat them at their own game and make money in a depression.

Are Foreclosures Really a Key to Success in Real Estate?

The problem with most foreclosure properties is finding a clear title.

If you don’t have a legitimate clear title for a home, property or land it can be a major headache down the road….and a cash drain.

My good friend, P.K., is a developer in Las Vegas.  He recently hired a company to perform a real estate title search. The title came back “clear”.

However, the title company used old world methods and failed to discover a mineral rights lien on the property. Not good. This has been a major headache and cash drain for him.

Anyway, most of the foreclosed properties I’ve reviewed had varying degrees of problems including liens. I’ll cover foreclosed properties in another issue.

One thing about foreclosed property though…..

There are viable alternatives to buying foreclosed property. Such as buying mortgage free properties at bankruptcy and estate sales.

The bottom line is the “masses” are living in Wonderland.

The days of “Fix and Flip” are over….for now.

Granted, you can buy properties at super-deep discounts, improve the space and possibly sell them…”possibly” being the key phrase.

But let’s get real…

The fix and flip real estate market may not recover for 10 years...if ever.

But there are still incredible deals to be had.

I’m talking about deals where you obtain homes, apartments, farms or timberland for 30-60% (or more) off the asking price. 

Patience is the key. Treat this as a ten year business opportunity. And simply wait for a seller to agree to your terms, and then rent the property.

If you do it right you and you make sure you won’t be under water with the stupid thing, you can make money…..and especially if the depression widens and real estate values continue to slide.

Location is Still a Key to Making Money in Real Estate…Even in a Depression

Years ago I met a real estate magnate who made several fortunes in the market.

After our third or fourth meeting his wisdom emerged.

Stan was worth about $50 Million…..most of it from self storage real estate, college apartment buildings and ginseng farms.

Anyway, he would always say to me “Always think like a woman when it comes to real estate”.

He said woman typically buy real estate or convince their husband to buy it based on nesting instincts.

In other words, generally speaking, when a woman considers a home or real estate she’ll wonder how far it is to other kid’s homes, the supermarket, the playground, swimming holes, and shopping.

My friend made a lot of money “thinking like a woman” when he built homes, gated communities, apartment complexes and “gentlemen farms”.

He always bought, sold, built or acquired real estate which had easy access to the things a woman wants for herself or family.

On top of that, Stan made (and kept) a fortune during recessions, boom and busts.

This week I saw thousands of properties for sale in New England at deep discounts (including more than a dozen farms).

But only a handful of these properties were listed at super deep discounts, but that’s where negotiation comes into play.

However, it looks like “the masses” are becoming more desperate to sell….if we move contrary to the masses, this could spell a buying opportunity for us.

What’s more, only a handful of the properties I reviewed had easy access to the things a woman wants like other homes, playgrounds, swimming holes and shopping.

Granted, some people are willing to live in the middle of nowhere.

But generally speaking good location is still a key to making money with real estate in a depression.

You also need to acquire property at super deep discounts, be patient for the right deal, and pay cash whenever possible.

If you buy rental property beat your competition into submission by lowering rents, improving the space and respecting tenants.

I hope I answered your question.
Regards,


Marc Charles
“The King of Business Opportunities”

(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He should be known as "The King of Legitimate Business Opportunities"...because he's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)

*** Action Strategy ***
You can make money with real estate in a depression! Rejecting “mass think” or conventional wisdom is probably a good idea.
You can use the guidelines in today’s issue to identify great opportunities with real estate in your area.
Location is still a key…even in a depression. But patience is the key. The days of “fix and flip” are over. Approach real estate in a depression with “ten year business model” and you should be fine.




*** Valuable Resources ***