วันจันทร์ที่ 7 มิถุนายน พ.ศ. 2553
Me, Myself and You
วันอาทิตย์ที่ 6 มิถุนายน พ.ศ. 2553
9/25/2009 Peter Schiff On Squawk On The Street: Is The Dollar The New Yen?
วันเสาร์ที่ 5 มิถุนายน พ.ศ. 2553
Two Weeks Notice 3 (2002)
วันศุกร์ที่ 4 มิถุนายน พ.ศ. 2553
Real Estate - How Are Testimonials Useful for You
Today, we will say something in this articles that can make a big difference in your business.
However, you might have used it so many times in your daily life.
We are talking about ads, campaign, direct mail etc.
We suggest you an exercise first.
Pick up the newspaper and have a look at the section where your and other's classified ads are put.
If your ads have a similarity with other's, that means you are going to create huge opportunities.
Now it's time to make a difference. If there are no or less testimonials, you must get an ad published with a testimonial.
Testimonials are powerful thing. They leave a very good impression on everyone.
You can incorporate this strategy in direct mail and other things.
A good testimonial will say these things.
"john helped us so much in avoiding foreclosure and we saved our credit that allowed us to move on our lives. Besides a professional help, he gave us comfort and peace of mind, care. I feel overwhelmed when I talk about his company."
It is very important that your testimonial conveys right things that is trust, results and genuineness. Business is all about trust.
If you keep these points in mind, your ad is surely going to dominate the ad space.
It is to be noted that we can apply the power of testimonials to other things also.
Letters, direct mails and flyers can be made more catchy and impressive when we write testimonials in that.
วันพฤหัสบดีที่ 3 มิถุนายน พ.ศ. 2553
Real Estate in India is booming again
The Indian real estate India and characteristics play an important role in the economy. He wore heavy gross domestic product GDP and is considered the second largest employment creation after agriculture. India has become a favorite in terms of investment the country's economic stability. India is a fast pace to the rapid growth of economies, as it is guided and influenced by many factors such as strongThe economic and demographic changes, multinational corporations, stock lively local markets and the overall development of India on the world stage. The Indian demand for real estate both in home and business and was the rapid increase, is what accounts for the ownership of the building of strong movies in their country and a new page to add to their success. Great for building projects Life called to account in the countrywith demand and formed a Business Real Estate in one of the most lucrative prevailing in the country. The sector has attracted funds from abroad, private equity funds, public funds and venture capital nationally. But the Global 2008 with a casting, Indian Real Estate has been swallowed up in it too, but now believes he has broken barriers and at a rapid pace up the stairs.
Even if the whole country is witness to come fromResidential and commercial projects, but the cheerful capture the attention of the property pie Kolkata, Mumbai, Chennai and items of property. Since, due to their nature and evolution of demand for growth of industries, real estate companies own came with some cities have huge projects in these. It will ensure that projects, once completed will be a kind on the international front. The properties are characterized by a green, hi-storey buildingshi-tech program in many extra services such as shopping centers, swimming pool, laundry service, gym etc to individuals on the seventh cloud. These projects make people stay in their own unique mini-world and eliminate the need to walk outside the complex.
Competition in real estate is at its peak. After the Cut Throat Competition between companies, the consumer is the biggest beneficiary, as has been thebest features and services. Moreover, if a person means any type of investment, make the best offer id invest in real estate, Kolkata, Chennai, Mumbai property or properties. You can be sure that you will never regret this decision by you in your life and, indeed, be proud you did. Should not exceed 80% home ownership delay already been sold and very few are lucky to be on the left.
วันพุธที่ 2 มิถุนายน พ.ศ. 2553
Seun Kuti and Egypt 80 at London, Ontario Sunfest 2008
วันอังคารที่ 1 มิถุนายน พ.ศ. 2553
วันจันทร์ที่ 31 พฤษภาคม พ.ศ. 2553
Realty Vs Real Estate Vs Real Property
Realty and personal property terms have often been confused as to what they exactly mean. Here we will clear that right up for you. We will look at the terms personal property, realty, land, real estate, and lastly real property.
Let's begin with personal property. Personal property also known as chattel is everything that is not real property. Example couches, TVs things of this nature. Emblements pronounced (M-blee-ments) are things like crops, apples, oranges, and berries. Emblements are also personal property. So when you go to sell your house, flip, or wholesale deal, you sell or transfer ownership by a bill of sale with personal property.
Realty.
Realty is the broad definition for land, real estate, and real property.
Land
Land is everything mother nature gave to us like whats below the ground, above the ground and the airspace. Also called subsurface (underground), surface (the dirt) and airspace. So when you buy land that's what you get, keep in mind our government owns a lot of our air space.
Real Estate
Real estate is defined as land plus its man made improvements added to it. You know things like fences, houses, and driveways. So when you buy real estate this is what you can expect to be getting.
Real property
Real property is land, real estate, and what's call the bundle of rights. The bundle of rights consist of five rights, the right to possess, control, enjoy, exclude, and lastly dispose. So basically you can possess, take control, enjoy, exclude others, and then dispose of your real property as you wish as long as you do not break state and federal laws.
Lastly there are two other types of property we should mention.
Fixture
Fixture is personal property which has been attached realty and by that now is considered real property. So you would ask yourself upon selling to determine value "did you attach it to make it permanent?" The exceptions to this rule are the garage door opener and door key, these are not considered fixtures.
Trade Fixtures
Trade fixtures are those fixtures installed by say a commercial tenant or can be the property of the commercial tenant.
I hope this clears up some misconceptions about personal property, realty, land and real estate and now fixtures and trade fixtures!
วันอาทิตย์ที่ 30 พฤษภาคม พ.ศ. 2553
Real Estate Fort Lauderdale, FL Market and Trends
Fort Lauderdale, Florida is a booming market for real estate. As the city grows, so does the market and the trends also evolve with the growing population. Real estate in Fort Lauderdale, FL offers many waterfront condos and homes. With the current trend of low interest rates drawing its fair share of investors and individuals, real estate in Fort Lauderdale, FL is a hot commodity.
Situated approximately 23 miles north of Miami and 42 miles south of Palm Beach, Fort Lauderdale's property values reflect its racy, prestigious neighbors. However, as home to Broward Community College, it does have a young, lively feel. It is this atmosphere that gives real estate in Fort Lauderdale, FL an appeal to all ages and commercial investors as well as home owners.
Fort Lauderdale is centrally located so that it has convenient access to a variety of cultural attractions and entertainment venues. There is an eclectic mix of baby boomers and young professionals who are swarming to Fort Lauderdale to purchase their home or vacation property. Real estate in Fort Lauderdale, FL appeals to young and old alike which makes it a generation jumping trend.
The city of Fort Lauderdale maintains a variety of professional, proactive economic development programs. These are designed to attract new employers as well as encourage expansion and retention of the city's existing companies. Commercial real estate in Fort Lauderdale, FL offers many opportunities as the city works with local, regional and state organizations in an effort to encourage economic development. As it attracts new businesses and industries, more people are attracted to the area as well.
As well as the Fort Lauderdale Executive Airport, Fort Lauderdale has three marine facilities. The New River/Downtown Docking sits in the heart of downtown in the Riverwalk area. The Las Olas Docks is located on the Intracoastal Waterway, near the beach. Cooley's Landing is situated next to the arts and science district. Each of these facilities are conveniently located throughout the city. This adds to the value of real estate in Fort Lauderdale, FL.
Choosing real estate in Fort Lauderdale, FL is a wise investment whether you are purchasing your dream home or prime commercial property. Fort Lauderdale offers a variety of options for lifestyles and all ages.
วันเสาร์ที่ 29 พฤษภาคม พ.ศ. 2553
Real Estate 101
วันศุกร์ที่ 28 พฤษภาคม พ.ศ. 2553
Real Estate - Where To Incorporate?
A lot of people remain curious for where they should incorporate.
There exist so many jurisdiction promoters. From the point of view of the favorable corporate law, Nevada and Delaware limit the liability of the directors.
In several cases, the law applied in lawsuit depends on the working of the corporation.
Nevada and Delaware offer maximum protection from the liability of director.
Shareholder privacy is most secured in Nevada as there is no state corporation income tax returned filed.
In almost all the cases, the benefit that we have described above can not be applied to your decision to incorporate.
This is because you are doing most of your business in your home state only.
A corporation that is doing business in its own state only has to register here as a 'foreign corporation' with the secretary of the state.
This is a process that involves some terms and conditions as well. You will have to pay an annual processing fees in both the states of incorporation and home state.
If you see some other states, such as Texas, you will find that filing fee is quite higher for a foreign entity than that for a domestic corporation.
Moreover, whatever you earn in your home state is taxable and your organisation has to file a return at the end of year.
The income earned in a foreign state is taxable too. You cannot expect yourself to avoid tax in a state with Nevada corporation.
You will have to show the identity of your shareholders if you file a return there.
วันพฤหัสบดีที่ 27 พฤษภาคม พ.ศ. 2553
Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8
วันพุธที่ 26 พฤษภาคม พ.ศ. 2553
Attention Real Estate Developers - What Is In Your Business Plan?
Do you need a real estate development business plan? You will if you want to obtain financing for your project. The first thing any lender or private investor will want to see is your real estate development business plan. This plan is specific for development of real estate. Your business plan will tell your story in an organized and concise manner. It will provide all of the critical information needed to judge your project. A well-written and professional looking business plan is crucial for your success in obtaining financing.
Most real estate developers make the mistake of not creating a good business plan or even getting professional assistance in developing their business plan. They will use the excuse of not having enough time or they can't find the data. Don't let that be your excuse! All a real estate development business plan really is, is the answers to a bunch of questions! You will learn what to include in your real estate development business plan.
Executive Summary
The Executive Summary should provide a complete overview of your project & company. This will include:
Brief description of the overall project. For example, develop a 4 star, 250 room luxury hotel in downtown St. Louis, Missouri.
Brief overview of the company - Is it a corporation, LLC, etc? Who are the owners and/or board members? Brief company history & experience level.
Brief summary of the market & demand.How large is the market and at what stage of development is the market currently in?
Brief summary of the competition and what separates you from them?
Brief description of key Management team members.
Key financials - total acquisition & construction costs, nature & use of funds, future revenue & expenses.
The Executive Summary should be brief and an outline to your overall business plan. Now lets take a look at the specifics in the real estate development business plan.
The Company
This part of the business plan should give full details about how and when the company was formed. It should indicate the legal structure of the company, as well as where it is licensed. A key piece of information about the company is the company owners. Name all of the principals and their percentage of ownership.
Project Description
This section of the plan is where you explain your project in detail. Remember, you are selling your project so that you can get the funding you need! Is this a hotel development project? Is this a luxury, single-family home community project? Is this a multi-tenant shopping center? Give all the details about the project. For instance, lets continue with our hotel example. You will want to name the other amenities that will be located at the hotel, such as swimming pool, tennis courts, the number of conference rooms, etc. How many of the rooms will be suites? What other features & benefits will your project have?
You will also want to address where you currently are in the project. Has the land been purchased or optioned? Where are you in the permitting process? Has the architecture plans been drawn? How much time & capital has been spent on your project to date?
The Market
In this section you will provide the market type & size, current & potential growth rate, and relative stage of development of the area. You should also address why you chose this particular area. You should discuss any forthcoming changes in the market, government regulations, economy, and short-term & long-term trends. If you have performed any feasibility studies, you will want to include it as well as the source of the feasibility study.
The Marketing Plan
The main objective of any developer is to sell the homes, the stores or the hotel. And this can only be accomplished with a well thought out marketing plan. Who will handle your sales efforts? Will they be in-house or out-sourced? How will the pricing/leasing/room rate be determined? Will there be any brand or strategic partnerships involved? What is your marketing budget (in a table format).
The Competition
Any lender or investor in your project will want to feel comfortable that you know who your major competitors are. They will want to know that you have done a thorough competitive analysis. Name and describe all key competitors. What are their strengths & weaknesses? How will your project compare? What are your projects strengths & weaknesses?
The Management Team
In this section, you will want to go into further detail about the principals involved. You will need to highlight the team's relevant experience and previous successful projects?
Well what if this is your first project?
Then you want to make sure that you have an excellent support team in place. These team members should have the experience that you are lacking (team members doesn't necessarily mean company ownership). These team members can be legal, accounting, construction, architecture, etc. So for this section of the real estate development business plan, you will want to include:
Resumes/biographies on all principals & management team members
Organizational chart
Board of Directors
The Financials
Since the primary objective of your business plan is to obtain financing, you will want to address what type of financing you are seeking and how much capital is needed. You will want to state how much money you have on hand (and where did you get it from) and how much money you have spent to date.
Everything that you have put into your real estate development business plan up to now should support your financial assumptions and projections. You will want to include a statement that shows a breakdown of construction and acquisition costs. You will want to include an Income statement that will outline income and expenses for the next five years after construction. It should follow GAAP (Generally Accepted Accounting Principles) and contain specific revenue & expense categories. You will want to include a Balance Sheet and Cash Flow Analysis.
Now that you know what to include in your real estate development business plan, make sure that your business plan presents itself in a professional manner.
Use a table of contents, with numbered pages.
Make sure that the writing style is simple and conversational.
Don't use long or complex sentences.
Paragraphs should be short & simple.
Use graphics & pictures but don't get carried away.
Use charts & tables to back up your data.
State all sources of your data and studies.
Proofread your real estate development business plan for grammatical and spelling errors.
Have someone else proofread it for you.
If you have the resources, hire a professional business plan writer.
วันอังคารที่ 25 พฤษภาคม พ.ศ. 2553
Seattle Real Estate Market - Historic Growth Trendline
We took a look at the recent release of the Case-Shiller Seattle index and the OFHEO Pacific index, as well as the implications for first time homebuyers.
A quick explanation, the Case-Shiller index essentially measures all housing prices (subprime, conforming, and Jumbo) in 30 geographic markets in the U.S. Seattle is one of those markets. The OFHEO index (Office of Federal Housing Oversight), on the other hand, measures a wider geographic range, dividing the data between East North Central U.S., Middle Atlantic, etc, rather than specific cities, like Seattle. The other critical difference between the two indexes is that the OFHEO index measures only conforming loans from Fannie Mae and Freddie Mac. The methodologies of the two indices are essentially the same, but they measure different variables.
The latter distinction is critical, because the segment of the real estate market that has been hardest hit is the part of the market that was articificially inflated with the use of the new derivative related loans: subprime, Alt-A, Jumbo.
February 1991 to June 2004 Growth Trend Line: 4.50%...We are using this time period because this is when the data began for the OFHEO index. The Case-Shiller data goes back an additional year, but using February 1991 allows us to use the same time period for both Case-Shiller and OFHEO.
Growth Rates During The Bubble: 2004 to 2007Case-Shiller Seattle Index: 11.52% annualized (Begin June 2004, Peak July 2007)
OFHEO Pacific Index: 9.95% annualized (Begin June 2004, Peak April 2007)
Current Status:
For the price data through March 2008, the two indexes are both still above the 4.5% long term price trend, with the OFEHO Index further along in the correction process (closer to the long term growth line). As of the March 2008 data (published in late May 2008) the OFHEO index is 7.19% above the long term growth trend line, while the Case-Shiller index is still 28.13% above the trendline.
Our reading of the data is that the Jumbo market in the Seattle Area is due for a continuation of the correction it has experienced. Given the current financing alternatives available, including the new expanded conforming loans (in the Seattle market this amount is $567,500), I would define the Seattle Jumbo Home market as those homes selling for $620,000 and above. This is the price range we expect to see the greatest deterioration in prices moving forward.
However, keep in mind, another major part of the equation that we have not addressed in this article, is housing affordability. As interest rates rise and the probability of rising unemployment at least through 2009, housing becomes less affordable, which would act to further dampen home prices in the Seattle market.
First Time Home Buyer Implications:
For First Time Home Buyers in the Seattle market, however, the implications are considerably different. Assuming that a FTHB is using an FHA loan, with the current allowance of 3% gifting from a non-profit organization paid by the seller, with 6% closing allowance paid by the seller, this 9% total allowance in closing costs more than compensates for the 7.19% OFHEO Pacific index is above long term trend.
Given the fact that the Senate appears poised to eliminate the 3% Gift provision from non-profit organizations such as Nehemiah, AmeriDream, etc. I would suggest that now is actually very rational time for a first time homebuyer to be considering a home purchase.
Conclusion:
Given the current state of the mortgage lending markets, where a lack of liquidity persists; the increase in interest rates from higher inflationary expectations, an unfavorable view of the expected employment situation through 2009, it appears that Seattle real estate, especially in the high end of the market, will continue to struggle at least through the 1st quarter of 2009.
Sources: Standard and Poor's Case-Shiller Home Price Index
Sources: OFHEO Pacific Home Price Index
วันจันทร์ที่ 24 พฤษภาคม พ.ศ. 2553
วันอาทิตย์ที่ 23 พฤษภาคม พ.ศ. 2553
American Football - Stay Home
วันเสาร์ที่ 22 พฤษภาคม พ.ศ. 2553
How to Negotiate in Tough Situations
วันพฤหัสบดีที่ 20 พฤษภาคม พ.ศ. 2553
Google Base and Real Estate Listings - Ignored by Real Estate Agents?
Google has expanded again, this time moving into the world of real estate--or at least real estate listing services. Their website, called Google Base, launched in November 2005, and lists properties for sale, which can be uploaded free. Home buyers can narrow their search by typing in particular areas, such as "San Francisco real estate."
Although the information isn't nearly as complete as the typical MLS listing, the new Google service allows buyers the opportunity to search with more anonymity than most similar sites. Before Google Base, viewers were generally asked to reveal personal information before they were given a chance to look at properties, and that information was then used as leads for agents.
It's a free advertising vehicle for agents, similar to Realtor.com, but doesn't offer nearly the choices of the actual MLS. However, the site has been up and running for less than a year, so it's yet to be determined what the site will eventually look like, in terms of the number of properties and the site's overall features. For instance, buyers can currently narrow their search by ZIP Code or county, but it's not yet possible to search specific neighborhoods within a target area.
Perhaps the biggest change is that buyers can search for real estate listings through Google itself, rather than having to go onto the World Wide Web for information. The basic concept is similar to craigslist--the popular site that allows people to buy and sell goods and services nationwide.
At the moment, only properties that have been uploaded by agents appear on Google Base, but time will tell if Google will expand the information to include properties that have been "spidered" from World Wide Web listings on other sites. There will likely be a considerable amount of debate as to whether information that's traditionally been held solely by the MLS will ultimately become accessible to all home buyers. If the trend toward open access continues, it's possible that home buyers will gain access to what has previously been available only to real estate agents.
Eventually, the MLS may finding itself needing to enter into some sort of partnership agreement with Google Base, that is, unless they decide to team up with one of the other two search engine giants, Yahoo or MSN. Only time will tell how this latest Google venture will play out, but as always, it will be consumer demand that dictates the final outcome.
It seems as though real estate agents haven't taken to Google Base in all areas. In a search for Lake Elsinore, California, few of the listings available on MLS came up on Google Base. Interestingly, Trulia.com uses the Google Base map and more properties came up listed on Trulia.
Copyright © 2006 Jeanette J. Fisher
วันพุธที่ 19 พฤษภาคม พ.ศ. 2553
4981 Oak Tree Court, Yorba Linda, CA
วันอังคารที่ 18 พฤษภาคม พ.ศ. 2553
Three Skills Necessary to Be Successful in Real Estate Investing
Success in real estate investing is all about knowing what to buy and how you approach the deal. Real estate investment therefore requires some specific skill sets that can be developed and honed. This article highlights three skills that you might want to develop to be more successful in your real estate investing business.
Firstly, interpersonal skills are important in real estate negotiations. What breaks or makes a deal usually is whether you have good interpersonal skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then try to apply the win win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.
An example of this was when John talked to the seller of a large factory, the boss told him that what they needed now was cash flow and they did not want to move out of the property. So John did a sell and lease back transaction with the boss and today he has a good tenant and owns a factory building which he bought at a reduced rate.
Secondly, to be successful in real estate investment, you need to be able to do simple maths analysis of the monthly cashflow and analyze the longer term appreciation prospects of the real estate investment property that you are interested in. Spending time to analyze your buying price relative to similar units in the area is important and buying
it at an under value is always good.
Alternatively, when buying properties that you want to improve, always spend time doing the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor and architect along to ascertain whether the deal is feasible.
Thirdly, real estate bargain hunting requires persistency as you might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to satisfy yourself that it meets your requirements. Staying persistent in your search for the right real estate investment is thus key to making a good real estate acquisition.
In conclusion, take some time to examine whether you have the three skills sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!
By Joel Teo 2006 All Rights Reserved
วันจันทร์ที่ 17 พฤษภาคม พ.ศ. 2553
Real Estate Inspection - Do Your Own
Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to have negotiating points.
Home Inspection Checklist
With a good inspection checklist, you won't forget things. There are more than a hundred items on my own list. Could you keep all those in mind as you walk through a property? Did you remember to look for water stains on the basement walls the last time you looked at a house? Bring a list!
A good list is organized by area of the house, usually starting outside. As you walk around and then through the home, check each item on the list. Be sure to take notes. If the gutter is coming loose on the side of the house, write that down, along with notes about rotten wood or anything else associated with it.
Don't worry if you don't know the difference between 12-gauge and 14-gauge wiring. The point isn't to become an expert on all the building trades, as useful as that would be. Just use what you do know. Note if something looks "odd" or "smells funny." Then you can have a professional inspector have a closer look.
Real Estate Inspection As A Negotiating Tool
You can, of course, just make an offer on a home with an inspection clause. Then, after an inspector goes in, you can re-negotiate the price based on his findings. This is a common way of doing it. The problem is that it can often offend the seller, and blow the deal. Would you like somebody to drop their offer by $10,000 after they already put it in writing?
A better way is to find as many problems with the property as you can, BEFORE making the offer. That way you can take all of these things into account. Also, a list of the problems presented with an offer is a good impersonal (therefore non-offensive) way to negotiate a lower price.
You don't have to be a carpenter to note that a railing is loose. You can see if a home needs new paint. Real estate inspection can start with simple things like these, and end with a better price for you.
วันอาทิตย์ที่ 16 พฤษภาคม พ.ศ. 2553
Real Estate Investing - Where Do I Get My Leads?
The most important part of real estate always comes back to finding leads. If you have no leads you have no deals and without deals you will make absolutely nothing. I know when I first started in real estate investing; I gave up real quickly because I could not get any leads. After putting up bandit signs and taking them down each and every weekend, I was not only exhausted, but I did not get any leads. Sure I had a few calls, but it was nowhere near the amount of calls that I had wanted. Now, that is not to say that bandit signs do not work because they absolutely do!
So, back to the topic: Where do I get my leads?
Bandit Signs
Bandit Signs do work. The success you will receive using bandit signs depends on a few things, mainly location, size, reach, and what the sign reads.
Location: Your signs need to be where people driving will actually have a chance to read the sign not just be able to see the sign. I have paid people to put up signs for me and I have never been as mad as I was when I was driving and saw one of my signs on the side of a 55mph road. There was no stop sign, no stop light, there was no reason why anyone driving on that road should ever see that sign. Clearly the best spots for signs are at 4 way stops that have a lot of traffic. Whether traffic stops for a stop light or a stop sign does not matter that much, but it does make a difference. Think about it! At a stop light everyone stops, the traffic backs up, and then everyone goes at the same time. Well, at least they are all hopefully moving slow at this point. But, if you can find a high congestion four way stop with a stop sign, everyone will see the sign. Every person must stop, then go, then stop, then go; until they actually reach the stop sign, they have plenty opportunity to read your sign and write down the number. So the keys to sign location are high congestion areas where traffic is forced to stop!
Size: Size is important. If your sign is too small to read from a distance, then the person reading the sign may not have time to get the number, which does you no good. One thing you could also do that may help in this situation is to have a website. Every real estate investor should have a website, but that is a whole different article. Make your website with a catchy name. It is much easier to remember a catchy name than a phone number. That is of course unless your phone number actually does spell something catchy. The point is, your sign needs to be big enough so that those driving by will take a few steps; first notice your sign, then read your sign, and then actually write down the number!
Reach: By reach I mean your signs need to be everywhere. The point is they may see the sign and be thinking about it. But when they see your signs all over town, it gets put into their heads. Not to mention if they missed the number, well they will see your sign again 200 yards down the road and have another opportunity to read the number. Believe me, when you start looking for bandit signs, you will notice a lot more than you thought.
What the sign reads: Now this is important and encompasses not only what the sign reads but how it is presented. If you are a foreclosure investor, get signs that say "AVOID FORECLOSURE". If you are a lease option investor, get signs that say "We Buy Houses- We Take Over Payments". The sign will work better and you will prescreen your callers by getting signs that meet the criteria of the deals you like to work.
This is not to say that the standard "WE BUY HOUSES" signs are bad. If you like to work any type of deal and want lots of calls, this is a good path for you. When I mentioned above how a sign is presented I mean color and shape. I recently saw signs near my home that were shaped like houses. This caught my attention and things like this may work for your area. People are starting to become accustomed to signs and not pay attention, but if your sign looks different, it will catch the eyes of more people.
Classifieds
The classifieds are another great place to look for leads. There are a few sections in the paper you will want to pay attention to. Namely you want to look in the FSBO section and the For Rent section.
FSBO: This section can lead you to good deals by directly contacting the owners. The owners of these houses may not be the best candidates, but if they have been running the same ad for months, they may be willing to take a discount on the home. You can usually go online and view the time length a property has been posted in the classifieds. By doing this you can weed out the newer listings with the older, but this is not to say that a newly posted classified does not have a motivated seller behind it. Also in the FSBO section, keep an eye out for numbers that are out of area. If you see this, you have found a winning ticket. If someone lives out of area they could have moved for a number of reasons but the fact is most people do not want to own homes other than the ones they live in currently. They could have been relocated for a job, gotten a divorce and moved, any number of reasons. If you see a number from an out of town area code, call immediately!
For Rent: In the For Rent section you will find a lot of burnt out landlords. Some landlords even have places you might be able to take over with existing positive cash flows but the landlord is just tired of being a landlord. If you can find a good lead in this section you may be able to get more than one home in a bulk deal. This is a great place to look for leads. Just call the landlord and start talking, more often then not they will spill there guts and you will have a great lead.
Business Cards
This one may not seem so important, but it can prove to be huge. Every time you talk to someone about your real estate investing business, give them three business cards. Why three? Because then that person has two that they can give out. This does not mean that they will but if you made a lasting impression, many people will pass your cards on. It is also important to have two sided business cards. Have your contact information on one side of the card and a short description of what you do. This is also a great way to get bird-dogs. You can put everything on the back, including what you do and then you should also add "$500 finding fee paid to those who refer deals." That one line right there will grow your business. The whole idea with business cards is to help your business grow through word of mouth. It works. If you are able to shock someone by what you do and have tons of enthusiasm they will pass the cards on. I know I have done exactly that many times and it has actually shaped the way in which I do business today.
Direct Mail
Direct mail campaigns WORK. The problem is that you need to have some money to start out with. As real estate investors, especially getting started this is usually the problem. But when you have some money saved up direct mail can get people to call you! Post cards are generally better than envelopes, but if you use envelopes you should hand write everything. Now where do you get these leads? Well, from a number of sources (which can also generate general leads). You can get leads from the courthouse, local paper, list service providers, MLS, probate court, there are tons of ways to get leads that would be great candidates for a direct mail campaign.
Housing Court
This is a great source for motivated sellers. Make some calls and find out where you have to file for an eviction of a tenant (if you already don't know). This is a great place because if someone is being evicted then they are not paying. If they are not paying the landlord still has to pay the monthly mortgage. And finally if they still have to make that mortgage but are having trouble due to a late tenant, you have a motivated seller. Call these people up and just start talking to them about there house or building. Say you were driving by, liked the house, and asked the tenant for the number. I don't know where the conversation will go but you can easily come up with an excuse to start talking about the property. Right away you should be able to tell if they are a motivated seller. A lot of times you can tell by the tone in their voice.
These are just a few of the ways to get good, qualified leads for your real estate investing business. The important thing is that you get leads from multiple sources. If you have only one way of getting good leads and that source stops to produce, you are out of luck. But if you have 20 ways of generating leads and one source stops producing, your business will continue and eventually you will be able to replenish that source or get a new source.
วันเสาร์ที่ 15 พฤษภาคม พ.ศ. 2553
Arthur Robinson jr interviews Jim Randel the absolute acreage Expert.
วันศุกร์ที่ 14 พฤษภาคม พ.ศ. 2553
Real Estate Agent - How They Make Money
Have you ever wondered how your real estate agent gets paid? Sure, there is talk of commission, percentages, fees, closing costs- all of these are broken down at closing. But, what does he actually get? Surprisingly, you do not pay your agent a commission. Only a licensed broker can get paid a commission and he is the one who pays your agent. There are also a number of ways to divvy up the pay. The person who worked so hard to sell or find your house may not be making as much as you think. Here are some of the ways the money makes it to your representative:
A real estate agent works for a licensed broker or brokerage house. When he brings a client to the table, either for buying or selling, an agreement is signed between the client and the brokerage house. Typically when a sale is made, an average of 6% of the sale price is commission for the brokers. It is not always a straight split, but close to half, which goes to the broker representing the seller and the buyer.
Once the commission is divided up between the houses, the brokers then decide how much to pass down to the agent who actually did the leg work. This amount varies depending on experience, time with the company and the productivity level of the representative. A brand new representative may only get thirty percent of the cut where as a seasoned pro that brings in a ton of business, may get half or more of the proceeds.
Another option is that the agent gets all of the commission, but pays a monthly fee to the brokerage house. This is sort of a rent. He gets an office and uses the company name to back his reputation. This is an attractive deal to many representatives, because they pay the same amount every month, no matter how much they make. For new people to the business who have not built up a client list and do not benefit from word-of-mouth yet, the traditional split is usually preferable, because they may not make enough every month to make the set payment.
There are some factors that eat into the final profit made by the brokerage house and the representative. If the house is a franchise, there is a fee that must be paid to them out of every commission. Sometimes referrals come into play as well. If a brokerage house sends a customer to you, they will want a referral fee. There is a percentage that also comes out of the commission.
Typically, this commission is paid by the seller at closing. However, depending on the type of market, this is negotiable. Another negotiable point is how the commission is divided. If you are having a difficult time in selling, because the market is flooded with houses, you may want your representative to offer a bigger cut of the commission to the buyer's representative. This may help close the deal.
So, as you can see, there is more to the payment than simply figuring 6%. After everyone else gets the money, your real estate agent is then paid the amount.
วันพุธที่ 12 พฤษภาคม พ.ศ. 2553
Project Camelot Interviews George Green - Part 2 of 2
วันอังคารที่ 11 พฤษภาคม พ.ศ. 2553
วันจันทร์ที่ 10 พฤษภาคม พ.ศ. 2553
Real Estate Investor Business Plan for Beginners
If you're brand new to real estate investing, here are a few things that you can do that will help put you on your way to financial success.
First, it's worthwhile to make yourself a real estate investor business plan. Just like any other business, you need a business plan.
Next, do your homework as to mortgage rates and the various terms that are available through lending institutions. Again, your real estate agent can be quite helpful, since part of their job description is to keep up on that sort of thing. A difference of even a couple percentage points on a mortgage or contract can add up to significant profits for you down the line.
Do your best to get yourself prequalified for financing before you begin your search. This can be very helpful if it's important to move quickly on a particular piece of property that may get snapped up by someone else if you don't act fast. It can also provide you with a psychological bargaining chip, to let the seller know that you're serious about buying the property.
It may seem to go without saying, but you need to have a clear idea of what type of property you want. If you're not comfortable being a landlord, for instance, you certainly don't want to start snapping up every rental house that comes your way. You might do better to buy fixer houses, do the repairs, and flip them.
With your goals clear in your mind, go look at properties--lots of them, so you'll become a knowledgeable consumer. It's like shopping for any other commodity. You have to know a great buy when you see one, and then be ready to act. Keep lots of notes while you're looking at properties, because you'll tend to get confused after you've seen a considerable number of possibilities. Work out a rating system, stay focused, take notes, and be ready to snap up a property that offers great income potential.
Make offers based on inspections. This is important, and gives you an easy out if something about the property isn't what you thought it was at first. You want to know every problem, so you can calculate how addressing that problem will affect your bottom line.
If you start out with a professional attitude, using a real estate investor business plan, you'll be well on your way to achieving success as a real estate investor.
Copyright © 2006 Jeanette J. Fisher
วันอาทิตย์ที่ 9 พฤษภาคม พ.ศ. 2553
วันเสาร์ที่ 8 พฤษภาคม พ.ศ. 2553
Why Phoenix Real Estate is a Good Choice
For those who are relocating to Phoenix, Arizona or current residents who may be looking for a new home, the best choice is to use a reputable Phoenix real estate agency to help you find one of the Phoenix homes for sale. Attempting to locate Phoenix homes for sale without using a Phoenix real estate agency can be a frustrating and lengthy process because of all the Phoenix homes that are available on the market at any given time. One of the best reasons to contract with a Phoenix real estate agency is to make it easy for buyers to find Phoenix AZ real estate and for sellers to connect with buyers who are looking for real estate in Phoenix, Arizona.
Although it is possible to find some properties that are available directly from the sellers, most Phoenix real estate is listed with an agency in order to make the process flow smoother and to allow buyers to have access to a larger network of Phoenix homes for sale. Working with a Phoenix, Arizona real estate agent can help a seller with presenting his home to the largest community of buyers. Although newspaper advertising may work for some things a person sells, it is much more practical to sell your home through a realtor.
For the seller utilizing the services of a Phoenix, Arizona real estate agency means he does not have to do any advertising, be responsible for showing the home, or negotiating the price of the home. In fact, most real estate agencies prefer the seller to leave the home when they are selling in order to prevent the seller from providing any negative feedback to the potential buyer. Leaving everything up to a Phoenix real estate agency takes the responsibility of presenting the property from the seller to the real estate agent who is more experienced in how to secure the sale of Phoenix homes.
One of the most important things is for a buyer to work with his own Phoenix real estate instead of using the services of the listing agent. This protects the buyer because the listing agent is working in the best interest of the seller rather than the buyer. It is essential for the buyer to have someone who does not have a vested interest in the seller and therefore will work with a buyer to help him or her find the property they want. Realtors work from both the seller's and the buyer's angle which is why it is essential for a buyer to secure his own real estate agent and settlement attorney. Buying a home is the biggest investment you will make, and you want to be sure the transaction proceeds smoothly and there are no problems that may develop after the sale is closed.
วันศุกร์ที่ 7 พฤษภาคม พ.ศ. 2553
Everything Old is New Again
วันพฤหัสบดีที่ 6 พฤษภาคม พ.ศ. 2553
Real Estate Investing: Infomercial and Mentoring Scams
Flipping through late-night infomercials recently, I saw two real estate get-rich quick schemes, and I couldn't help but wonder--why do people still fall for those old scams? Has anyone really talked a seller out of his home for no money down with owner financing lately?
Real estate infomercials do great harm to beginning investors, who waste hundreds of dollars on old information. Worse yet, those beginners soon get discouraged and miss out on the true (and profitable) adventure of real estate investing.
One of the most popular late night infomercial shows tells beginners that it's possible to make a fortune by buying houses with no money down and then renting them out to cover the monthly payments. It's true that you can buy a home for no money down, but the requirements include having good credit, good income, and the home should be owner-occupied.
Rentals don't normally qualify for no money down financing. Institutional lenders aren't supposed to make no money down loans on investment properties, and even if you could buy an investment home with no money down, the monthly payments would generally eat up the rent.
Late-night scammers also claim that investors can get owners to pay the closing costs, including the down payment. But when a lender asks where your down payment will be coming from, saying, "the seller" is not the right answer! Today's sellers are also fairly savvy, and understand that with no money invested in a property, a buyer could easily walk away and leave them with a home that's been ruined by careless tenants.
Another TV program offers a bogus system for buying houses at ridiculous prices, but think about it: has anyone bought a home, free and clear, for $345.00 at a tax sale recently? Hordes of investors flock to the tax sales in the area where I live, bidding up the prices of foreclosure properties far beyond a few cents on the dollar. It just doesn't happen.
Today, another real estate investment scam is popular in Southern California. Here's how it works: a young person we'll call Charles charged $4,000 on his credit card to hire a real estate "mentor," after the mentor wined and dined him at a fancy Beverly Hills restaurant.
In exchange for the fee, the mentor instructed Charles to find distressed houses by driving around the area and writing down the addresses of ugly houses in nice neighborhoods. Once Charles had given him the addresses, the mentor obtained the owner's address and sometimes a phone number. Then it was up to Charles to call the owners and talk them into selling their houses for no money down, and carrying the paper (mortgage), too!
I met Charles when he called me about buying a property that my husband and I had on the market for $1.2 million. When I asked him how such a young man was going to make the payments on $1.2 million home, he told me that he planned to rent the house out for enough to make the payments.
As a real estate investor myself, I tried not to laugh at his naivete, and after talking to Charles and listening to his frustration about trying so hard to follow his mentor's advice, I offered to help him find a property, and I'm happy to say that Charles now owns his own home. But he'll still have to spend years paying off a $4,000 credit card bill.
If you want to make money as a real estate investor, a good first step is to buy your own home, like Charles did. You can do that for no money down if you have good credit, or for a relatively little amount of money down if your credit is poor. Once you've purchased your own home, fix it up and then either sell it or refinance it and use your profits as the down payment on an investment property.
Don't pay hundreds of dollars for out-dated methods that may have worked in the middle of last century! They're a waste of your time and money. Real estate investing is truly a great way to make a fortune, but you must stick to tried-and-true proven strategies, ones that work in today's real estate market.
Copyright © Jeanette J. Fisher
วันพุธที่ 5 พฤษภาคม พ.ศ. 2553
วันอังคารที่ 4 พฤษภาคม พ.ศ. 2553
Flipping Real Estate
Many beginning real estate investors get started by flipping real estate to make quick cash. If you would like to make more money by investing in real estate, you need to know a few essentials.
What is the definition of real estate flipping?
Simple definition: Buying property and reselling quickly, hopefully for a great profit. Usually, people think of flipping houses, or the buying and selling of a home fast, as the only way to make money flipping real estate. However, some investors specialize in other types of real estate such as land or strip centers.
Some confusion arises over the process of making money flipping property. People who specialize in finding bargain real estate, obtain a purchase contract, and then sell the contract before taking title to the property are known as "Bird Dogs." These beginning real estate investors get started with no money down by:
Finding a seller under stress with a bargain property
Securing a sales contractSelling their contract for roughly $500 to $5,000 to a seasoned real estate investor
Isn't real estate flipping illegal?
Flipping real estate isn't illegal. However, many unscrupulous investors committed mortgage fraud to make fast money. Some of these investors, working with mortgage brokers and appraisers, resold houses to unqualified buyers inflating the property value and home buyer's qualifications. Often these home purchases had no money or little money down. When these new home owners defaulted on the mortgage payment, the mortgage lenders lost money because the house wasn't worth the inflated purchase price.
To avoid legal problems in real estate flipping, don't commit mortgage fraud.
To make money real estate flipping:
1. Prepare your financing so you can close on a deal quickly.
2. Learn your market so you know what makes a good deal.
3. Find a bargain property owned by a seller under stress to sell.
4. Secure a purchase contract in your favor.
5. During escrow, plan your selling actions.
6. Close on the property on time.
7. Immediately set your selling plan into action. If the property needs fixing, be prepared to get this done right away.
8. Market your property to your target market. Don't just list the property and hope for the best.
9. Find a qualified buyer. Have a loan officer check to make sure your buyer meets all the mortgage requirements.
10. Stay legal. Don't use an inflated appraisal. Don't gift your buyer the down payment. Don't help your buyer create false W2s, write phony credit letters, or prepare any false documents. You can pay many of your buyer's closing costs to make the purchase easier.
You can make money flipping real estate. Buy low, sell for full-market value, avoid mortgage fraud, and enjoy your profits!
Copyright © Jeanette J. Fisher
วันจันทร์ที่ 3 พฤษภาคม พ.ศ. 2553
6/25/2009 Peter Schiff On The Glenn Beck Show: National Energy Tax Bill (Update: Passed By House)
วันเสาร์ที่ 1 พฤษภาคม พ.ศ. 2553
A Good Real Estate Letter is the Real Deal
It seems like I've written at least a couple of hundred real estate letters over the last year. So, it may surprise you when I say "I hate writing letters." Writing for me is a stomach knotting, finger tightening, forehead creasing, gut wrenching experience. I guess that's why I avoid writing them as often as I do.
However, there's one good thing about the tortuous experience of writing letters and that's this...I love what a good real estate letter does for my business. A good letter generates leads that can be leveraged into paying customers, customers who buy, sell and rent real estate. Nothing has had as big an impact on my real estate business as has a single, but well written letter.
I wish I could say that my letters are magical, but they aren't. However, what I've come to realize is that somewhere along the way of becoming good marketer is that I learned the formula for letter writing success. Specifically, the letters are not about how good I am, but rather a reflection of how well I address the needs of the readers.
Real Estate Letter to Sellers
For example, most sellers want to sell their homes as fast as they can and for the most money they can get. So, my letters to them tend to emphasize the things that I do to effectively market their real estate; networking with agents known for always having buyers, spelling out the unique ways I'll market their home (e.g., market to grad students, college professors, physicians, investors, law enforcement personnel, fortune 500 company employees, etc.).
I tell them the things that they want to hear and then deliver on what I promise. I also sell them on the idea that I'll be available to them 24/7, while secretly hoping that they don't call at 2:00 AM. But just between me and you I'd be okay if they did.
Real Estate Letter to Buyers
On the other hand, letters to buyers emphasizes finding them a good deal, no matter how long it takes. Of course you want to sell buyers homes as fast as you can, but you have to respect the fact that they'll be spending hundreds of thousands of dollars, so a little patience is in order.
The difference between rushing a buyer into a home after only 2-3 three days of looking verses 2 weeks of looking before they find the perfect home is HUGE. In the first instance they'll know that you're all about you and that your main goal is to make a sale. However, in the second example they're likely to think that you have their best interests at heart and are therefore good candidates for a lifelong relationships...and referrals.
Capturing A Readers Interest
Summarily, an effective real estate letter captures a readers interest and compels them to action. It starts with an attention grabbing opening line that makes them stop and actually think about what you have posed. That's followed by a solution to their proposed expressed as a teaser. To get all of the specifics of your solution will require them to pick up the phone and call you.
But when it's all said and done I still hate writing letters, but I love what they do for my business.
วันศุกร์ที่ 30 เมษายน พ.ศ. 2553
Real Estate in Chennai
Chennai is one of the most important metro cities in India and is a major trade center. It is the capital of Tamil Nadu and was formerly known as Madras. It is a culturally rich city being a major centre for art, music and culture in India. Chennai presents a nice blend of traditional Tamil Hindu culture and western influence. The city is well connected by road, rail and air transport and can be seen as the least congested and polluted metros of India.
The growing universality of the city and opening up of large number of job avenues has made it an important career destination. There has been a lot of residential and commercial movement related to Property in Chennai in last few years. This growth could be attributed to real estate saturation in Delhi and Mumbai and the resulting increase in IT-ITes industries and residential developments in the city.
Chennai being the port city attracts various leading manufacturing companies and real estate developers. The presence of the port extends an exceptional advantage to the city while bolstering some of the important developments taking place. The simultaneous residential and commercial developments in the city have resulted in wholesome growth of the city:
The property developers like Emaar MGF and others are planning to bring in a number of real estate projects to develop residential housing.
o Emaar MGF has recently launched 'The Avenues' of Esplanade, one of the largest residential projects in North Chennai. Esplanade is nearing completion with 14 acres of land housing more than 500 ultra modern 2-3 bedroom apartments in 22 towers. The Avenues is set to be completed by next year.
o Another city based builder, Vijay Shanthi Builders is coming up with Chennai's costliest apartment project, 'The Art' where each apartment would cost at least Rs. 8 crores. It is meant to be a limited edition super luxury residential complex that will be studded with diamonds and precious tones and pearls. This project aims at providing unique, stylish and luxurious housing while delivering value for money.
On the other hand, the easy availability of good talent from both within and outside the city encourages IT leaders to establish operations in Chennai.
o This is why companies like Nokia, Dell, etc. have come up with their campuses in regions like Sriperumbudur in Chennai.
o Other industries related to automobiles, chemical, manufacturing, etc. are also opening their operation units and setting up their businesses in this metro city.
The commercial boom and residential growth in Chennai has flourished huge investments into it. It is, thus, counted among excellent investment options with properties in Old Mahabalipuram, Tambaram, East Coast Road and Thilluvar topping the charts. T.Nagar, Mylapore, Abhiramapuram, Adayar, etc. in Southern and Ashok Nagar, Manapakkam, areas of Koyambedu such as Mogappair in Central Chennai generate maximum demand. All these places are popular for their proximity to schools, hospitals and industrial areas. Other sought after areas include Thiruvallur, Kancheepuram, Padapai, GST Road and Tindivinam. An increase of 5% in real estate property is expected but prices will remain stable for most of it.
OMR, Old Mahabalipuram Road: OMR has become an important IT centre of the city and is, therefore, witnessing a lot of real estate activities. Mega residential townships are being developed offering clean water, unpolluted environs and peaceful living.
ECR, East Coast Road: This area is one of the most preferred residential spaces as it offers magnetic scenic beauty.
The retail industry of Chennai is also growing with number of malls, shopping complexes, etc mushrooming in the city. The areas of N.M. Road, Vadapalani, P.H.Road, Anna Salai, C-IN-C Road, OMR, Velacheri and N.H.Road are seeing development in the retail sector.
The infrastructure of Chennai property market needs a little more attention to make it one of the most happening places of India.
วันพฤหัสบดีที่ 29 เมษายน พ.ศ. 2553
Shark Tank - "Pitching Element Bars" Part 1/2
วันพุธที่ 28 เมษายน พ.ศ. 2553
Commercial Real Estate Newsletters
Commercial real estate newsletters are an excellent way to keep in touch with clients or people who share a similar interest. In today's world of the Internet, commercial real estate business houses are converting their newsletters into electronic format, more popularly known as e-newsletters.
A commercial real estate newsletter can supply a huge mass of information to your readers, which is not available through the mainstream press. Before producing a commercial real estate newsletter, you have to decide on the format of the newsletter, how to write articles, matters related to printing and distribution and the like. There are many desktop publishing packages available that can assist you in developing or creating commercial real estate newsletters.
Firstly, you have to consider and answer the question, what is the purpose of the newsletter? A commercial real state newsletter cannot be made appealing to the readers without well-written content. Besides, the layout and appearance also contribute to the popularity of the newsletter.
Content writing, proof reading and editing are important steps because if the content is unreadable or grammatically incorrect, then it will be a major turn-off for your readers.
Commercial real estate newsletters provide information on topics including buying and selling of commercial space, commercial real estate mortgages, and credit. These newsletters could appeal to lenders, realtors, companies etc. Such newsletters generally contain quick-reading articles, which presents relevant information in a short, concise format that is appealing to customers with busy schedules.
Commercial real estate newsletters can also deal with topics related to issues that can affect your business, monthly listing of legislative advocacy on pertinent commercial issues, commercial real estate and investment headlines from newspapers or magazines, tips to build your commercial real estate business, etc. Current economic trends, local business news, recent commercial sales, vacancy statistics, new investment property listing highlights, or general business tips and information are all topics that could be included in commercial real estate newsletters.
Newsletters can be sent weekly, monthly or on a quarterly basis, but ensure that it is done regularly and consistently.
วันอังคารที่ 27 เมษายน พ.ศ. 2553
Real Estate In Victoria BC Why Are The Interest Rates So Low
วันจันทร์ที่ 26 เมษายน พ.ศ. 2553
US Senate Commit on Housing Bubble Dedicated to iTulip.com
วันอาทิตย์ที่ 25 เมษายน พ.ศ. 2553
What Every Real Estate Investor Should Know About Investment Property Loans
Savvy real estate investors know that there is an art to getting an investment property loan. Educating yourself on the process will eliminate much of the headache and hassles that often plague real estate investors.
If you go into
it expecting the same ease as financing a primary residence, you may find yourself feeling overwhelmed or frustrated. Here are a few things you should know:
1. Be prepared. Standard, fully documented investment property loans require a lot of paperwork. You may be required to provide the following documentation:
· Tax returns with all schedules
· Schedule of real estate owned
· Mortgage statements for each property
· Tax and insurance documentation for each property
· Proof of current or proposed rental income
2. There are a variety of loan programs available for investors. Research your options to find something that suits your cash flow needs and your credit profile. There are programs for both perfect and bruised credit.
3. Investment property loans often have more stringent underwriting criteria. A high FICO score may be required to get the terms you desire. The maximum loan allowed may also be less than that of a primary residence. There could be a limit on the number of real estate loans the borrower is allowed to have. Find out the lender's criteria in advance.
4. Appraisal fees are usually higher. The lender may require a market rent analysis to determine if your proposed rental income projections are realistic.
5. The lender may have other requirements or restrictions regarding the subject property such as:
· It must meet or exceed the minimum allowed square footage
· Manufactured homes may or may not be allowed
· Less than double-wide mobile homes may or may not be allowed
· An appraisal subject to repairs may not be allowed
Check with your loan officer up front if you have any of these issues
6. Consider reduced documentation loans to make the process easier. A slightly higher interest rate or a lower loan amount might not be a bad trade off if it gets the job done.
วันเสาร์ที่ 24 เมษายน พ.ศ. 2553
Brazil: The Latest Exciting Emerging Real Estate Market
Since 2003 the Brazilian Government have committed to making major fiscal, political and fundamental changes to the country to improve the entire environment for foreign direct investment, as a result GDP growth rate is up, inflation is down and real estate prices are beginning to soar as overseas interest in the stunningly beautiful and amazingly diverse country of Brazil is intensifying.
Because Brazil is such a large country covering such a huge landmass it traverses many different geographic, environmental and climatic changes and offers a lifestyle alternative to suit everyone. The appeal of the country is immediately obvious to anyone who travels to Brazil on holiday and because the path has been smoothed for foreign freehold ownership of real estate in Brazil, more and more people who visit the country are choosing to buy a holiday home or investment property in the country.
The most popular area with holiday makers, second homers and now retirees is the north east of Brazil where the weather is at its best and where the coastal regions are home to stunning palm fringed beaches and growing communities of expatriates who are enjoying the laid back, low cost lifestyle they can achieve in Brazil.
It is in this part of the country that real estate prices are really starting to go up. The demand for real estate to buy and let is growing rapidly and the purchasing power of those overseas investors entering the market place is strong enough to support property price increases.
Anyone considering the world's emerging real estate markets for maximum opportunity will find what they're looking for in Brazil. The country has an active commercial property market, an active tourism market and local and overseas demand for housing is strong, therefore sufficient demand for real estate in Brazil exists creating the perfect environment for profit and gains.
A final additional tick in the suitability box for Brazil as a destination for investment is the fact that the real estate buying process for foreign purchasers is straightforward, and additional taxes and fees associated with purchasing and owning property or land in Brazil are very low.
วันศุกร์ที่ 23 เมษายน พ.ศ. 2553
Real Estate for Sale - 6 Concession St W, Bowmanville ON
วันพฤหัสบดีที่ 22 เมษายน พ.ศ. 2553
Will Real Estate Prices Rebound?
After years of hyper appreciation, the last 18 months has seen a major cool down in the real estate market. Given this change in direction, will real estate prices rebound?
Well, of course they will. Real estate has always been viewed as a good long-term investment. Nothing has occurred that changes that basic assumption. The short-term situation is a bit rocky, but it is only because we are going through a correction after watching the real estate bubble expand and expand for six years. Predictably, the air is coming out of the bubble, but at least it did not burst.
The more relevant question for people in the real estate market is not whether prices will rebound, but when? Ah, here we enter the realm of the mystic. The Harry Potter of real estate if you will.
The bold faith truth is nobody has a clue when they will rebound. On the positive side, we are starting to see things even out a bit across much of the country. On the negative side, financing for real estate purchase is tightening up as lender begin to realize they probably should not be giving money out like candy on Halloween. In the case of subprime lenders, the game is up for many of them and bankruptcy court looms.
At its financial heart, the real estate market is just a product market. Many people fail to take this into account when sizing up real estate opportunities. A home is a place you live in and raise a family. When it comes time to buy or sell, however, it is really no different than buying or selling a car. Yes, you had some good times with it, but now it something to be moved.
If you can wrap you mind around the idea a home is a product, you have a better chance of predicting when prices will rebound. Why? Well, it all comes down to inventory. When there is more inventory than demand, prices drop. When demand out paces inventory, prices go up.
At the moment, there is an absolute ton of inventory on the market and only modest demand. During the booming real estate market, developers where building homes as fast as they could. As the market cooled off, developers kept building like there was no problem. This has resulted in a glut of properties in most cities and high population areas. Developers are now offering very attractive deals to move the homes, but the market will not rebound till most of these are gone.
It is important to understand that inventory is important, but the number of houses sold is less so. If you see reports that the number of homes being sold is picking up, it is good news. That being said, it may not be great news. Such reports can be misleading because they do not take into account the reason a home is sold. If more homes are being moved because sellers are cutting prices, it does not mean that prices are on the rise again.
Will home prices rise again? Of course. You just need to be patient and watch the inventory.
วันพุธที่ 21 เมษายน พ.ศ. 2553
Why we like advance in Kitchener Waterloo Real Estate (residential rentals & apprentice housing)
วันอังคารที่ 20 เมษายน พ.ศ. 2553
9/26/2009 Peter Schiff On Your Money: Can G-20 Save The World?
วันจันทร์ที่ 19 เมษายน พ.ศ. 2553
METHANOIA STUDIO - Zaha Hadid Architects / Rooya Group - Stone Towers
วันอาทิตย์ที่ 18 เมษายน พ.ศ. 2553
Effective Ways in Making a Home Sale in Miami Real Estate
If you got a single opportunity to make a good impression, you need to grab it. It is a fact that in selling your home in Miami real estate, you need to create a good impression to sell it quickly and with great deal.
In order to understand it better, you can stand across the street and view your home. But, in viewing your home, you need to view it as a buyer and take a good look at your home. It is best to put yourself in the shoes of potential buyers in order to determine what they want in a home. Look at everything that you think that might need to be taken good cared of.
Is the paint of your home fading? Is the paint peeling drastically? Is your home clean? It is attractive enough to make buyers be interested to view your home? These are few of the questions you need to answer when assessing your home. Look at your roof, is it leaking? Check out the gutters, aren't they rusty?
You need to do home improvements in order to prepare your home for sale. You need to make sure that your home is free from termite infestation. So, you need to work with an expert in order to see if you have any termite infestation at home or none. You have to make sure that your home is in good condition and everything is functioning well. Check out the faucet, the pipes, electrical wiring and so on.
You have to clean up your house. Make sure to make it tidy. Remember, the yard is the first thing that buyers can see, so you need to keep it clean. You have to keep your lawn clean and free from clutter. Make sure that the grass is cut short and free from dead leaves and other mess.
In order to add attraction, you have to put colorful plants in your yard. These are inexpensive way to make your yard attractive. In putting up plants, you can put visual interest. Putting potted plants is another thing that you can do to create appeal. There are a lot of different choices that you can choice from, but just get inexpensive ones.
When buyers see a good yard, they can't wait to see what is inside. So, you need to clean the inside of your home as well. Make sure that it is comfortable, spacious and sparkling clean. Remove things that are not functioning anymore. This can help you make the home spacious and a comfy one.
After cleaning up, you need to advertise your home for sale. Accept from putting for sale sign, you need to make flyers. In making flyers, you have to wake up your creative juices out of your system, in order to come up with creative and professional look of flyers.
Advertising your home for sale in Miami real estate can help you out to find potential buyers that will view your home and soon get lots of offers. If things go well to plan, you can soon gain great deal out of your real estate experience.
Eliza Maledevic Ayson
วันเสาร์ที่ 17 เมษายน พ.ศ. 2553
Top Ten Ways to Write an Effective Real Estate Letter
Here's a tongue in cheek take on writing an effective real estate letter. Actually, it's truer for me than I care to admit. If followed to a tee you'll become as good at writing letters as the that guy willing to sell you a bundle of pre-written letters with promises that they'll save you time.
Imagine that pre-written letters saving you time. The next thing you'll hear is that they can help you make money.
So, if you're ready here we go.
1. Grab an aspirin and a glass of water. You're going to need it. Blank screens cause "white blindness" and generate temple throbbing headaches - easily a two aspirin headache as far headaches go.
2. Fix a sandwich while you're in the kitchen getting a glass of water for the aspirin. You're going to be parked at your computer writing a letter for a while. Chances are you're going to get a little lunchy, so you might as well fix a snack before you get started.
3. Don't forget to turn on the tv before you settle in at your desk. That way you can avoid the distraction of having to get up later to turn it on. Plus, you're going to want...make that need... a small break after about an hour or so of writing, so you might as well set things up before you now.
4. Next, make sure that you have the tv remote near hand. Your favorite tv show will come on while you're writing that filler program, and you know you're not going to want get up and walk the six feet to the tv set to change the channel when it comes on.
5. Spend a few minutes getting your desk organized. Even though you're writing the letter on your computer the best way to start anything is with an organized work space. So, go ahead and organize your work area before you get started.
6. Actually, you're a little hungry now. So, you might as well eat that sandwich you fixed now so that you don't have to worry about accidentally putting your elbow in it. Wash it down with the glass of water that you got to take the aspirin with and take the dishes to the kitchen. Again, you want to make sure that your work space is uncrowded with unnecessary things like dishes.
7. Oops, you forgot to call "John, Mary, Sue...whoever...somebody." Whoever it is you need to call them now. There's nothing as effective as breaking a letter writing groove than a 5 minute call that turns into a half hour. Call now and you can avoid an interruption later.
8. Okay, now it's time to get serious again. Go back to your computer and turn it. Open up a blank document next and you're finally ready to actually start writing.
9. Next, decide on what it is you want to say. Think hard...real hard. You're a naturally gifted talker and can sell ice cream in a snowstorm, but can you write a good letter? Thoughts not flowing? Maybe you need another snack to get the creative juices flowing.
10. Ah, what the heck. Letter writing isn't all that it's cracked up to be...it's just as easy to go online and buy some pre-written real estate letters. Then, spend a few minutes personalizing them with your personal information; name, address, phone number and that sort of thing and print and mail them. And oh, by the way...this is the tenth and final way to write effective real estate letters.