Category: Property Investing

Preparations To Do Before Selling A Property

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Do not be afraid to come out a question particularly for those who are saying so much. If an agent or a certain particular person offers you something, ask the person if she or he has invested in the property that she or he is offering. If they’ve, then, it proves that the property is and shall be a great investment. But when they haven’t invested in something that they claim, pop one other question. Generally, what corporations and brokers offer will speak for themselves. Assume, if what they offer are so incredible, then why haven’t they invested on it? Until they’ve glad your questions, may as effectively turn down the offer.

This beats the fix and flips because you do not have to sink lots of money into remodeling a house. Those types of deals can get you really in the hole if the repairs go further than you expected. I stay away from risky ventures like that. Now with tax delinquent investing you can buy properties for hundreds and sell them quickly for thousands even tens of thousands more. I bought a property for 3 and sold it in 3 days for 35,000.00. Even if it had turned out to be worth less, I would have still made money! I purchased 21 properties for 3,000 and I sold them in three months for a total of 150,000.00.

Take your profits – pay the back taxes or quickly sell the property. Finally, pay off the back tax, or liquidate the property quickly. If you have the money, pay off the tax bill and try to sell for retail, or rent it out. You don’t have to pay the taxes – with 0 invested, you can afford to sell to another investor and still profit big-time!

A third benefit of rental property investing is that it is not very liquid. Now some people see this as a flaw. However, this can be looked at from a different perspective. When stock prices fall rapidly investors are often spooked into selling assets. This is easy to do and stock investors will sell at lowest prices rather than having a long term strategy. If you have a property that is providing positive cash flow, you are not usually tempted to sell if some prices fall. You usually wait it out. Unless you are going through a divorce, you can usually sell your property on your terms.

Know your long term goals before investing. This is not a get rich quick method of asset appreciation. Most liens will only come due once a year. So if you are looking for short term make money fast action this is probably not it. But to compensate for the time factor involved, you’ll be blessed to gain 16%25 and more on your investment capital.

So even though you may not be able to achieve to goal of purchasing 130 properties in 3.5 years (that is one property every 9-10 days) it is very likely that you can start by purchasing one positive cash flow property with the goal of owning 13 properties in 35 years.

If your tolerance to risk is not aligned with your selected strategy, you will either have many sleepless nights, or feel frustrated because you feel you are not maximising opportunities and could be buying more property.

Reducing Expenses In Commercial Property

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Before you contact an estate agent it is a good idea to know exactly what you want. For example, if you know you want to buy a property in Spain it would be helpful to know as much as you can about your needs. This includes whether or not you want a property to rent in Spain, something to buy, or if you need to sell.

Using the market data approach, the real estate agent determines the price based on comparable properties, or “comps” as they are called in the real estate biz. It’s important to remember that the “comps” need to be in the same immediate area. An identical house a mile away in the next subdivision may sell for ,000 more – or less – than your home.

Grants are usually awarded to people with a solid business plan. Develop your strategy for success and be ready to prove it when you apply for the grant money. Determine what skills you have to offer and why people will want to use your business. You should decide if your business will be based from your home or if you will need to rent a commercial property. Include all of these details in your business plan so you will be ready for action when your first grant money arrives.

The build of your fence is another key factor. Fencing projects can involve all sorts of fences. An aluminum ornamental fence is a traditional way to go. A more durable vinyl fence can also be used. You might even consider a chain link fence or a steel fence. These are all good options that can work for different properties.

Rather than visiting the person, you can save a substantial amount of time by looking online. You can also make a choice quickly. The broker will perform the task on your behalf. You can even seek insurance quotations and compare before opting for any one. Based on the details furnished, you can choose the best quote. This could also save you from the burden of paying fee to an agent.

Of course, it goes without saying that proper care should be taken when planning your retirement. It is not something that can be done in a jiffy. You have take everything into account, like long term financial plans, expenses in the future, healthcare, accommodation, taxes and so on. Basically retirement planning involves taking into consideration everything you will need when you grow old and are no longer working.

Even worse, they will often take as large an upfront bonus as possible and leave you with a much lower split of laundry income for the life of the contract. The larger the upfront bonus, the less you will recieve in profit sharing.

Client contact, inspections, and negotiation during a listing and marketing process should be comprehensive and complete. Put the client into your efforts so they know what you are doing and why.

12 Key Questions To Ask Before You Hire A Commercial Real Estate Attorney

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Top of mind marketing is what a newsletter is all about. The newsletter has to be of interest but short, useful and factual. Build your newsletter around the well-known AIDA principle of marketing (Attention, Interest, Desire, Action), and then keep it going out to the market in print and email form on the monthly basis.

As to how much money should be spent on marketing, it is really a subjective question to the property and the local area. The media channels that you use should be the right ones and the timing of promotion should be suited to the local area property investors and business community.

Let’s begin with your motivation and qualifications for becoming an agent. If you want to make money, it’s there to be made. If you’re looking for a way to dig yourself out of a financial hole in a hurry, this isn’t it. The big payday will be a long way off and you shouldn’t expect any earnings whatsoever for three to six months. Oh, yea, and you have to be a terrific Salesperson! If you are not a natural born Seller, decent conversationalist and self-starter who makes Donald Trump look lazy; you will not earn big money as a Realtor. You have to be smart, tough, good with math and have a knack for understanding complicated paperwork. You also have to have startup money and plenty of patience.

There have been times we have suggested a seller just pay the tax! Sometimes depending on your particular situation it may be a better route to just pay the tax. For example: You have a pension and social security and just want a junk of money in a safe CD. The gains tax is 15% of the difference of your basis value less capital improvements. Your gains tax is much less then income tax, but the cash flow decreases to whatever the CD offers.

Grants are usually awarded to people with a solid business plan. Develop your strategy for success and be ready to prove it when you apply for the grant money. Determine what skills you have to offer and why people will want to use your business. You should decide if your business will be based from your home or if you will need to rent a commercial property. Include all of these details in your business plan so you will be ready for action when your first grant money arrives.

You want to hone your skills so you can become a great landlord down the road. A lot of people who become landlords do not actually have the skills to do that. They have properties that sit vacant. They don’t know how to fix problems. They let contractors take advantage of them. They end up with negative cash flow.

Sure all unnecessary lights are turned off. Review any light timers and reset them. Heating and cooling costs are always an issue with retailers. Look at raising your thermostat 1 or 2 degrees in the summer months and lowering them in the winter months.

High Standards In A Commercial Real Estate Agency Win More Listings

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Repayment of the borrowed amount ranges conveniently in 5 to 30 years. But you should not carry the loan repayment for larger duration as it will make you pay high overall interest payments.

Make sure you have the money if you are going to invest. You will need enough to cover a down payment, closing costs, points and earnest money. When dealing in commercial real estate, it is much nicer if you will not do it all alone. Properties valued highly fall outside the investment range of most individuals, but if you partner up with a few others, a group investment becomes possible. Besides, the more folks there are in your network, the more likely it is you will hear of a deal before it gets listed.

Brokers do not make money by passing good leads to inexperienced agents. If you sign up with a ‘bargain Broker’ and cannot easily generate your own leads, expect to starve. They are there to be served, no to serve. The alternative is spending several thousand dollars to sign up with a big name franchise. These operations are backed by nationwide advertising and a great brand name. However, this still doesn’t guarantee you good leads. It just means you have an organization backing you that offers a better chance to earn then Jerry’s Happy Home Real Estate Office down on the corner of Main and Used Car Lots Avenue.

First you need to do your homework. This isn’t some make money quick scheme. This is a real side job that you should plan on being in for the long haul. First you should find some good investment property for sale and try to get a good deal on it. You should check it over for potential repair problems in the future, as having this long term you will be dealing with new carpet, new roofing, new appliance, and all kinds of major repairs that you may not be expecting at first. After you have your investment property and some tenants, start saving the excess money from them that doesn’t go towards the loan. You will need this money for repairs.

You need to thoroughly study and understand the pros and cons associated with every property that you are shown by your real estate agent. A big house with an equally big home loan will not do you any good, unless you are a billionaire. Otherwise it will just snatch a chunk of your salary every month. Huge condos and villas often come with a hefty maintenance cost as well which are often equal to a commercial property rent. Think it over before signing the agreement with the seller.

Being your own landlord can be a great way to build credit and you could have some property investments paid for without ever having to fork over a single dollar of your own!

A home inspection is a great opportunity to learn about the inner workings of your home. Many home inspectors will let you proceed through the house alongside them. That way, they can educate you about your roof, heating and cooling system, water heater, etc.

On paper, this looks like they’ve been an excellent property manager with a profitable property. And you won’t know any different until you get into your own Due Diligence.

Tips To Buy A Residential Property

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A project like this needs proper planning. You must figure out what changes to make in your interiors and how such changes can be made. Part of the planning process is to determine what type of materials to use. You also need to have a good estimate of the cost of the project.

It is important to research what weeds are on your property. I am an advocate of medicinal weeds and do not believe in chemical sprays, however, if you plan to feed horses on a field heavily under knapweed you may be in trouble. And you certainly will not have bought what you thought you did. Do Your Homework, some knapweed strains are Deadly to horse.

Water: No problem with the water supply in most areas. Also well water is an option however not for drinking. Always use bottled water for drinking. Cable Tv at the north coast over 40 english based channels such as CNN, HBO, TNT, MTV.(all this for 11 USd monthly). The most advanced Telephone system in the Caribbean biggest Provider Codetel also GSM System provided by Orange, Internet ADSL Flash and many WIFI access points in restaurants and internet cafes on the north coast. Propane gas tanks 50 or 100 lbs. Good Infrastructure with several international schools, Supermarkets with international selection, A lot of bars, restaurants, hardware stores, Boutiques etc.

You also need to make sure that the home you purchase has a clean title. Check all the paperwork in order to ensure that there will be no disputes at a later date. You should also check the house thoroughly in order to assess what condition it is in. If you have to spend a lot of money to repair or renovate it then your profit margin will diminish. Besides, you will only be able to rent it out after a while.

residential property always sells like hotcake because everyone aspires to have their own roof on their head. The security and peace you get through your own residence is just priceless. SMSF gives you the opportunity to invest directly in residential property through your super. Tax benefits you get through SMSF residential property are very effective.

There is little doubt we are coming to the end of a huge boom market in residential properties. For the last four years, properties have appreciated at unheard of rates. The question, of course, is what happens when the market cools off? Will we simply see a price plateau or an actual drop in prices? While nobody is sure, the clear consensus is property owners should move to preserve equity while they can.

In order to have a lush lawn, the soil has to be healthy. If the turf or soil does not get the care that it deserves, then it is not possible to have that picture perfect lawn. A lush green lawn is inviting but such a lawn is possible only if the turf is maintained. For Lawn Grounds Maintenance fertilization is the most essential service that you can have a landscape design company do for you. Insects and rodents have to be controlled as they can damage your lawn. A landscape company will first assess your property and determine what is required to be done. Other services that are offered include broad leaf control, grub and weed control and lime applications.

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