Mobile Home Parks Are Very Popular These Days

Category: Finance, Real Estate.

They may not be the most popular housing, but manufactured homes are certainly a form of affordable housing to be appreciated.

They are stylish, and some are, large even luxurious. Mobile homes these days are a far cry from the ones being produced several years back. While some real estate investors may be inclined to turn up their noses at manufactured homes, that doesn t mean they aren t good investments. That translates into 16 million reasons to consider investing in manufactured homes. More than 16 million people reside in mobile homes in the United States. As with flipping houses, investors can flip mobile homes by purchasing low and selling high. You can also provide seller financing.

The best way to do this is to sell on terms. If you invest in a mobile home and sell it, you can gain profit by collecting on the interest from the financing. In fact, you may be able to make inexpensive renovations to a mobile home and turn a quicker profit then that of a house. Mobile homes can also be fixed and flipped like a regular house. If you don t want to invest in an actual mobile home, you can always purchase land to put the home on. By picking up a park or some land, you can rent the space for owners to park their mobile homes.

Mobile home parks are very popular these days. If you have a mobile home park, your tenants tend to be more secure because they can t legally move their home out of the park until it is paid for. If you do opt to invest in a mobile home park, you have a great opportunity to increase the value of the park. This will keep them sticking around for a few years at least. This can be done by increasing the net income the park yields. You can also capitalize by buying a run- down mobile home park and fixing it up. In turn, the market value of the park goes up.

If this is the case, try to find a park with fewer tenants. You can also flip mobile home parks by purchasing a park in poor condition and improving it then selling it to another real estate investor. Then remodel the park and actively seek new tenants whom you can charge a higher rate then your old tenants because you have increased the appearance of the park. The property will actually sell for a higher price even if the tenants are not paying more in rent because the park itself has increased in value and will have a higher income potential. Most of the rules that apply towards investing in houses apply to mobile homes. Remember, mobile homes and houses are almost not quite one in the same.

You don t have to live in a mobile home, you don t even need to like them, to make a profit from them. They are a legitimate means of investment because Americans are living in them. Mobile homes are just another form of investment property.

The Reality Is That Spanish Property Is Simply Not As Cheap As It Used To Be

Category: Finance, Real Estate.

Unless you have been hiding under a rock recently, it should be fairly common knowledge to realise that the once booming property market in Spain has been experiencing a fairly dramatic slow down as competition hots up from some of emerging areas of Europe.

It has also reacted very slowly to some of the dreadful publicity that this has generated by the media and has taken far too long to sort out individual cases. Indeed in the North Costa Blanca with its beautiful towns of Javea, Moraira and Calpe, Denia, the particular area where I live and run an Estate Agency, Spain has been guilty of" shooting itself in the foot" by allowing such issues as" land grab" to become major concerns to potential buyers, particularly in the Comunidad de Valencia. The North Costa Blanca, along with many other coastal resorts has seen massive over building of apartments, bungalows and villas, townhouses with the Spanish clearly believing that North Europeans will continue to flood the area in their droves. In the towns of Javea and Moraira for example, apartments, villas, bungalows and townhouses have been built by the hundreds and this has had a dramatic effect on the investment market in particular as it is now very difficult to make short term gains due to the number of properties that are for sale. The reality is that Spanish property is simply not as cheap as it used to be. However, Spain and in Particular the Costa Blanca and Costa Del Sol is now a sophisticated modern country offering a very high standard of living and quality of life within a politically and economically stable environment.

So with this in mind, towns such as Javea& Moraira should be expensive places to live, ranking alongside those in the UK and Germany. Education, healthcare and communications are excellent and are combined with a superb climate, lower crime rates than Northern Europe and a native population that are welcoming and willing to share their country. Forecasting any property market is difficult and a consolidation of house prices had to happen especially when you consider that Spanish salaries are not too different to what they were in 1997! This does not mean however that there has or will be a crash. Sooner or later the gap becomes too big as many Briton s will remember from the late 1980 s. It simply means that a period of realignment is needed as property prices stabilise and remain static for a period. Irrespective of short term investment pitfalls, the fundamentals of Spain will remain solid.

This can also be a good thing, acting as a spur to better building and encouraging areas such as the Costa Blanca to heed the lessons of the past from other areas of the country. The wonderful climate, quality infrastructure and, stunning scenery proximity to the UK will ensure that Spain will always be one of the top destinations of expats. Apartment complex s can only be built 4 stories high and local town hall s are committed to preserving green areas. The towns of Javea, Moraira and Denia are a good example of some of the stricter planning laws now in place. This all helps make the Costa Blanca an ideal location for a holiday home or permanent re- location. These purchasers will be buying into a life style, and the benefits of picking an area such as the Costa Blanca are self- evident as there is no doubt that the area offers a secure, long term future for property owners.

In fact, in a recent survey carried out by Barclay s bank, the number of Brit s owning a property abroad is forecasted to double from 2 million to 4 million over the next decade of which 30% will head to Spain. As in any country, the buying and selling of property is a serious business, particularly that property markets are rarely stable for long. But as a buyer who carries out proper research and purchases through the proper channels using reliable lawyers, then you should be able to sit and watch short term fluctuations whilst enjoying the fruits and life style of a great long- term investment.

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How Many" For Sale" Signs Are In The Area - Finance and Real Estate Articles:

You have some important things to consider when searching for the perfect home to buy in the San Fernando Valley. Your Buyers Agent can be especially helpful with this because they can refer you to reliable resources to gather important information you will need to make the right decisions.

Features Of A High- Quality Home Builder - Diane Royalty's Finance and Real Estate blog:

When it comes to building your new Florida home, not all builders are created equal. Ideally, you will want to find a home builder with experience, a great product, references, and a great price.

From This Date, One Can Better Analyze The Tampa Real Estate Market - Finance and Real Estate:

If you are interested in buying or selling a home in the Tampa area, or anywhere else in Florida, it is important for you to consider current market trends as well as projections into the future.

I Knew A Landlord Who Needed To Evict A Tenant

Category: Finance, Real Estate.

Along with a strong work ethic and a lot of patience, the most important trait for a landlord is organization. The danger of disorganization goes beyond losing time- you might even lose an important document and get yourself into real trouble.

You have a tremendous amount of detail to keep track of and you never know when you ll need any particular piece of paper or record. Here s a cautionary tale that will make my point clear. The only trouble was, he couldn t find his copy of the tenant s lease! I knew a landlord who needed to evict a tenant. He didn t remember exactly what the lease terms were and certainly didn t have the tenant s signature on a document that spelled out the house rules. It s easy to imagine what this landlord risked. With no other options left, this landlord did something dangerous, unethical and even illegal- he entered the tenant s apartment, poked around until he found the tenant s copy of the lease, made a copy, ran out for himself, and snuck the tenant s copy back in.

If the tenant found out, he could have had the landlord arrested. By using, a system of, and sticking with organizing his records, the landlord could have avoided all this. Even if the tenant didn t press criminal charges, a housing court judge would certainly have dismissed any eviction complaint. I recommend using property management software to keep all of your records organized. The most important part of my system is the landlord software. At the same time, you should have a paper filing system so that original documents are available when you need them.

It keeps all of your documents organized automatically by tenant, building and owner. When you go to a tenant record, you can click on tabs to see the tenant s rent status, maintenance issues, incidents, lease document and so on. This means that you can find everything related to one tenant, by simply searching, for example on that tenant. Of course, you have to enter this information into the rental property program, which does take a little time. Also, landlord software is getting better all the time. However, that s nothing compared to the amount of time you save by having all of your records accessible any time you need them. You can now import some information from other sources, like Microsoft Outlook email, to reduce my overall workload.

It would be great if we never had to deal with paper documents. The other part of my organization is the paper filing system, which should be designed to match the computer system as closely as possible. Unfortunately, legal authorities just won t take our word for it that a lease document on our computers is exactly what the tenant signed. Because my computer organization is excellent, I almost never need to get anything from my paper filing system. If we ever get audited, the IRS will want to see our actual bills, not what we recorded on the computer. The only way I would ever need anything from there would be if some third party, needed an original, like my lawyer copy of a document. My system starts with the premise that I will save every document I get or send out regarding my landlord business.

It s much more likely that I will just need some fact- how much was that utility bill? - that doesn t require an original. I may not have time to file documents whenever I get them, so I have a" holding cell" where I put documents before I file them. I put my receipts, bills and what have you in there as soon as I get them. My holding cell is a cubby on my desk. This is usually at least once per day. I never put anything related to landlording anywhere else, and whenever I take anything out of there, I immediately record it in the landlord software, then put it in the proper place in my paper filing system.

I never put anything not related to landlording in there. At least once per week, I go through the" holding cell" and file each document. For example, I have one divider for each tenant. The system is a series of folders inside larger dividers. Within the divider are folders for photos, the lease, the rental application, any correspondence, and written summaries of any incidents that took place at the tenant s apartment. This system requires a lot of file folders and dividers, as well as a fairly large file cabinet.

Those tenant dividers go inside a larger section for each property, which also has dividers for( for example) bills from different contractors. It s not really portable and that s on purpose. On the very rare occasions when I take something out, I would prefer to photocopy it, give the copy to whoever needs it, and stick the original right back in the files, where it belongs. I feel like every time I take a document out of my office, I might lose it. On the other hand, my property management software is portable. That means I can get to my important records from almost anywhere.

It runs on the Internet and I can access it from my laptop, or any other web- connected computer. And, if I need an original paper document, I can get it in a day or two without much searching or aggravation. The convenience of my property management software lets me spend time on more important and fun jobs. For example, I can pull up a bill from my electrician and confirm that payment was issued, all within my software. Making my properties more profitable, and finding new and promising deals. With my online rental property software, that s not necessary. The last step, would be a, of course backup schedule for my data.

Because it s hosted on a web server with constant backups. I know that whenever I need some crucial fact, I can open up my laptop, and it ll be right there in front of me.

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This Can Be The Best Time To Find A Home In Chandler, Arizona - Finance and Real Estate Blog:

The Arizona real estate market has been scrutinized by experts for some time. Chandler, Arizona is a great example of real estate trends in the Phoenix area.

The Ultimate Growth In Off- Plan Cyprus Property Purchases Is The Best Example Of This Positive Change - Finance and Real Estate:

Cyprus is rapidly transforming into a paradise for investments due to its appealing climate conditions and peaceful locales. With time, tourists understood that Cyprus doesn t only offer vacations but it is also possible to make a Cyprus property investment.

Are Des Res Properties Worth This Price And Are They Likely To Go Up In Price - Finance and Real Estate:

Recently des res was voted one of the nicest words in the english language.

A Property Rental Service Should Provide Reliable Cleaning Management

Category: Finance, Real Estate.

If you re thinking of using a property rental service for your Spain holiday rental or apartment for rent, there are some key features you should look for before making a commitment. Here are five major features every property rental service should offer.

You ll want the best possible service while also earning maximum profits for your vacation rental. Excellent Customer Service. The property rental service you choose should offer excellent customer service and be able to provide testimonials from satisfied property owners. Your guests will remember you by the service they receive during their stay at your villa rental, apartment or vacation rental. Your guests should arrive to a clean villa, home or apartment. If you have an apartment for rent, tenants should be treated well. If renting for a vacation, golf holiday or some other Spain holiday, each guest should receive a welcome packet including directions to the rental property as well as helpful information about the surrounding area.

Rental payment collection, service maintenance and assistance with local utility and phone set- ups should be provided with friendliness and thoroughness. A property rental service should provide reliable cleaning management. Cleaning Management. You might live too far away to handle cleaning or manage a maid service. S. , but your vacation rental or apartment for rent is located in Fuengirola, Puerto Banus, Mijas, or Elviria of Spain, then you ll need a property rental service that will handle cleaning with care. If you live in England or the U. For holiday rentals and villa rentals, cleaning must be provided between each guests stay and sometimes during the week of a stay as well.

Be sure this is included with your service. For vacation homes and villas, the lawn must be maintained as well. Key Holding, and Detailed Necessities, Inventory. Therefore, the property rental service should be entrusted with these tasks. You may not be able to handle local errands for your vacation rental or apartment for rent. Some necessities to keep the rental property operating legally include key holding, property tax and, insurance levies, building permits or licensing, phone and utility, bank account management set up and billing, etc. The furniture and other valuables in your apartment or villa rental must be kept on an inventory list and checked physically each time a guest departs.

Another area of importance is inventory. If you live in another country but own rental property in an area of Spain such as Costa del Sol, Benalmadena or any, Marbella other area, then obviously you re going to need someone locally who can check your inventory for you. Building Refurbishing and Major Repairs. Choose a property rental service that provides these types of services to eliminate worries while you re away. Another feature to look for in a property rental service is whether or not they provide building refurbishing services and major repairs. You won t have to spend endless hours trying to find a dependable contractor or handyman.

The benefit of this is the provider will already have contacts to do the jobs needed. Promoting Your Apartment or Spain Holiday Rental. Promotions will increase your number of rentals and profits each year. Check to be sure the property rental service will promote your apartment for rent or Spain holiday rental. A property rental service may handle your advertising in local, national and international venues. If you own a vacation rental near golf courses, then make sure they will advertise your rental from the angle of" golf holidays. " Keep these features in mind during your search for a property rental service.

If they have a website, they may promote your holiday rentals at the site. By choosing a service with great features, you ll have peace of mind knowing that your holiday rental or apartment for rent is in good hands!

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Real Estate Investment Can Provide You Income For The Rest Of Your Life - Hilary Crooms about Finance and Real Estate:

Be rest assured that you would never incur losses if you have invested in real estate in Maryland.

Investors Aren T The Only Ones Who Buy Homes In This Country - Finance and Real Estate Articles:

Though Spain was once something of a bargain hunters paradise, today s Spanish homes are being snatched up by the highest bidder.

Look Further And You Will Discover The Perfect Germany Property In Berlin - Finance and Real Estate Articles:

If you were to take a closer look at the city of Berlin, you would quickly discover a lot of things. From the economic standpoint of view, Berlin is doing just fine, having an enviable economy and not only.

This Is Exactly What Property Portal Aims To Accomplish

Category: Finance, Real Estate.

With the Dubai property market recording high levels of growth and given Dubai s reputation to stand out from the crowd, there isn t a better time for these two features to be combined.

This new and exciting website, www. propertyportal. ae, offers a different kind of service to realtors, private sellers and potential investors in Dubai real estate and, best of all, it s free. This is exactly what Property Portal aims to accomplish. With so many Real Estate websites pertaining to the UAE that offer the same standard service to visitors, Property Portal features listings of all the leading freehold developments in Dubai in an easy to use format, as well as a travel hub to book flights and hotels to the country. Mark Wallington, senior property manager for propertyportal. ae is certain that the Dubai Real Estate market needs a new angle and is confident that this new portal can create a niche for itself. "There are currently a large number of generic Real Estate portals available for the UAE and specifically Dubai. All the information you need about buying and selling property, as well as life in Dubai is on hand, with a detailed forum for comments soon to be added. We are aware of this fact, and therefore set out to create a site that takes the positive aspects of what s available in the Dubai property market and combines them with a simple to use site, " he said. This brilliant response goes to show that the Dubai Real Estate market is looking for a different class of property website to get their investments noticed, " he said. "Leading developments like the Burj Dubai and the Palm Jumeirah are really garnering attention for the City as a business and tourism destination.

Wallington also said that they have received a good response to the website already. "During our soft launch we have had over 300 property agents sign up and over 700 properties listed. Dubai has previously been recognised for being home to the world s richest horse race, the Dubai shopping festival and the Rugby Sevens, but now its property that attracts overseas interest. " An important aspect of the Property Portal is that both real estate agents and private sellers can place their property listings onto the website free of charge. Visitors are encouraged to get in contact with the company and can expect a swift response to any further enquiries they may have. The website is updated frequently and the best properties available on the market are regularly featured in the Hot Properties section of the portal. Laura Bentley, a marketing executive for the portal went on to say: "The website has been designed to help investors, sellers and buyers to check the latest properties on the market as easily as possible. The key feature of this site is to allow agents and private owners to list their properties at no cost but to get the best possible response. " As the completion of more and more projects approaches, Property Portal might just provide a solution to the difficulties that buyers and sellers in Dubai face from the many websites that just don t offer an entire range of property services in this expanding sector.

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Don T You Want A Home That Is Built To Last - Finance and Real Estate:

If you have been in the market for Florida real estate, then you have seen them. They are alike in every way.

These Actions Beg The Question: Why Is The Fed So Darn Sluggish - Geneva Brannan about Finance and Real Estate:

In recent months, fallout from the sub- prime mortgage scandal has been estimated in the hundreds of billions, up from figures of$ 100 billion maximum from the Federal Reserve only three months ago.

Everything From Junk To Real Estate Can Be Sold At Auction - Finance and Real Estate Blog:

Everyday we watch as the rising number of bank owned properties increases.

Are You In A Fix Whether To Rent Or To Sell A Property In Maryland

Category: Finance, Real Estate.

Are you in a fix whether to rent or to sell a property in Maryland? While selling real estate in Maryland, you will need to make sure that it will be the largest single investment and one of the greatest satisfactions of your life time.

But first, understand that renting and selling a property, depends on the location of the property itself. Such transactions generally involve a lot of risks, technicalities and legal considerations. The person who gives the real estate property on rent in Maryland is called lessor and the party paying to use the property is called renter. When you want to give your property in Maryland on rent, an agreement is made wherein a payment is made for the temporary use of goods or property such as apartment, resorts and so, condominium on. Here too, one has to sign a rental agreement or a contract. The proof of your income tax returns or employment identification should be provided to the lessor before renting a real estate property in Maryland. The renter has to pay a month s rent in advance plus a deposit which may be almost equal to the monthly rent.

The maintenance and property management responsibilities lie with the landlord. He will take certain commission rate of about 1% to 5% of the same value and manage to fix a great deal for your property. For selling your property it is always advisable to hire a real estate agent in Maryland. When your shop or condominium in Maryland strikes a good deal, then you can sell it off at a huge profit. Furnish and clean your property in Maryland before putting it up for sale. For many landlords renting out a real estate property in Maryland is not a feasible option, they need to sell it to generate money for buying a new property.

It should attract the buyers and you should be able to get more profits out of it. Finally, there are equal pros and cons to both renting and selling a real estate property in Maryland. Before renting a real estate property in Maryland, make sure you get the right buyer, who pays all the monthly rents on time. It depends on the landlord as to what he or she wants to do with the property. For More Details On Real Estate Investment Maryland, Virgina& DC Visit this site http: //www. therealestateinvestmentqueen. com, http: //www. marylandrealestatesecrets. com/ The properties such as Apartments, Office sites, Hotels, Restaurants, plots and so, Resorts on can be either put on rent or sale.

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What Sort Of Property Do You Want - Judith Hege's Finance and Real Estate blog:

Things to Remember.

So Bankruptcy Is A Short- Term Fix With Very Long- Term Consequences - Finance and Real Estate Articles:

The myth of bankruptcy and foreclosure is simply that bankruptcy stops foreclosure.

This Is Causing Supply In The Rental Market To Tighten Up - Finance and Real Estate Articles:

Over the last few years financial institutions were giving out many mortgages without much concern to the purchaser s credit history.

There Is No Doubt That A Career In Real Estate Can Be Very Advantageous, As Well As Exciting

Category: Finance, Real Estate.

There is no doubt that a career in real estate can be very advantageous, as well as exciting. This does not need to be difficult, as long as you have a good idea of what it is that you will be facing.

Of course, in order to obtain a career in this field, the first thing that you will need to do is go through the real estate licensing process. Here, we will take a closer look at some of the most important things that you should know when it comes to real estate licensing. For starters, you need to be of at least eighteen years of age. One of the things that you may be wondering about is what type of requirements there are for you to be eligible for real estate licensing. You also must have graduated from high school, or have obtained a degree of equivalency, such as a GED in order to go through the real estate licensing process. Most states will require you to take a course, or some form of training before you will be eligible to complete the real estate licensing exam.

Before you can take the exam that is required for real estate licensing, the first thing that you will need to do is learn more about what other requirements your state has prior to the real estate licensing process. These types of real estate training courses are often offered by community colleges or real estate schools. It is important to make sure that you learn about all of the state requirements beforehand. You should be able to find one within your local area. Completing them is the first step of the real estate licensing process, as you cannot continue the process without these requirements. The cost of this examination will vary according to where you live, but it is typically around a hundred dollars.

Once you have completed all of the requirements of your state, the next thing that you will need to do is find a test center which offers real estate licensing. Keep in mind that it is necessary for you to get your real estate licensing done from the state that you are planning on working in. In order to prepare yourself for the real estate licensing examination, it is important to make sure that you look over all of the information that you learned in your real estate classes. For example, if you are planning on working as a real estate agent in California, you would not want to get your real estate license in Washington. It will also be very beneficial for you to buy a real estate licensing test kit, which will provide you with a good idea of what types of questions you can expect to see on the real examination. You will be able to take it again, but you will probably need to wait a certain period of time. Keep in mind that if you do not pass your real estate licensing test the first time, it is quite okay.

Once you have actually passed the real estate licensing examination, you will be ready to find a job with a reputable real estate agency to work for. While you may have to spend money, time and hard work to get through the real estate licensing process, you will find that it is well worth it in the end.

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Head Of Dubai Real Estate Company, Ajman Investment And Dubai Real Estate - Marylou Czaja about Finance and Real Estate:

The project will fill has been left with the development of so many super Dubai Luxury Apartments.

So What Can You, The French Property Hunter Do To Protect Yourself From A Lot Of Sharp Practises Within The Industry - Flossie Banks's Finance and Real Estate blog:

There are many so called French property" consultants" based in the UK who are more than happy to help you achieve your dream of property ownership in France, however many of them are also very happy to lighten your wallet along the way. Unfortunately for the opportunist player, getting established in France as an estate agent( Agent Immobilier) is a long and complicated process, as the industry is heavily regulated.

First, It May Affect The Agent Fee You Pay - Finance and Real Estate:

Buying or selling a home is a big task best put into the hands of an expert. If you re considering working with a professional for your transaction, you should visit with at least three before choosing.

It Sounds Simple, But Not All Agents Work The Same Way

Category: Finance, Real Estate.

Finding the right agent to help you sell your home( or to help you buy one, in the case of a buyer s agent) is everything.

But all agents vary in terms of commitment, attitude and knowledge. These transactions are complicated, and if you re like most home buyers, all your assets are on the line. Before you get started, it s important to understand exactly what( or who) you re shopping for. Confused? Many people use the terms" realtor" , "real estate agent" and" real estate broker" interchangeably, but they aren t mutually inclusive. Well, for most of the time who you are working with isn t as important as the level of commitment, energy and local knowledge he or she may have. Look for commitment.

So discover 5 simple tips that you can use to search for a good Dublin California real estate agent and these tips apply to all agents. Many agents only practice on a part- time basis and they might not have the time or drive to give you all the attention you deserve. If your home isn t in it, they might not give it their all. Also, many brokers are selective in representing properties only within a certain price range. Referrals. National Association of Realtors. Ask friends or relatives to refer you to agents they ve had good experiences with.

You can start your search at the National Association of Realtors website if you re looking for a realtor. Matching schedules. They have manylistings of realtors in your area. Select an agent who can match and work with your schedule. Their marketing proactiveness. If you can only see homes on evenings and weekends, you won t go very far with an agent who only works weekdays.

Ask any prospective agent what actions they ll take to market and sell your home. Some brokers will advertise your property and spread the word to other agents they know. It sounds simple, but not all agents work the same way. Others will just add your property to the MLS( Multiple Listing Service, a directory of homes for sale) and wait for inquiries. Therefore, that s about it for the tips on how you can search for your good Dublin California real estate agent. The more proactive your realtor, the better. However, sometimes it s better to search for your real estate by yourselves rather than finding an agent.

Therefore you might also want to consider finding a property by yourself. Because no one works harder in finding your perfect house for you other than yourself.

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Locate And Purchase One Great Investment Property - Finance and Real Estate:

This ideal wealth builder concept is very simple, and can be summed up in one sentence!

For The Rest Of The House, Just Be Sure There Is Plenty Of Closet Space - Finance and Real Estate Blog:

With so many questions to consider when buying a home, a buyer can get muddled in the myriad of details involved. In each residential neighborhood, houses will vary in total square footage and the number of rooms.

She Asked My Grandfather To Dig The Rock Out And He Always Promised He Would - Josephine Holdsworth's Finance and Real Estate blog:

The first thing to learn is the difference between" investing" and" speculating" .

Property Experts Have Talked About Multiple Income Streams

Category: Finance, Real Estate.

Find a, niche and add, as yet unexploited it to your portfolio of businesses argue the business GURUS. But, almost all of them agree that the best niche is the one with hungry buyers with money to spend.

Property experts have talked about multiple income streams. Rich footballers wanting best properties is a niche market to go far. Here is a step by step guide to help you exploit this largely untapped market: - 1) Do some research and find out where the celebrity footballer s property hotspots are. Offer your services to advise them on buying their residential property as well as advising them on creating an investment property portfolio for them. This information will give you an insight into the type of property that your potential clients are looking for or want. For a main residential home, the above is a wish list to bear in mind. 2) In regards the investment portfolio, advise them on development deals that are currently available.

As a general rule, celebrity footballers want access to commuter routes, airports and their stadium. 15 minutes drive from the stadium is a reasonable guess and a good starting point. An example of a good deal will be, 30 apartments ready for building, buy the lot now at 25% discount, they will be ready in 2 years time for occupation and all being well their value will have appreciated by 50% over the two year time span. These deals can be scattered all over the world. 3) Having established a basic understanding of the market in terms of the preferred geographical locations you need to devise a service package for your clients. Alternatively, I have a deal on my table. 12 houses, apartments and flats in total, the developer wants to move on to the next site, these are discounted by 23% if you buy the lot now. Your service package details your offer. This is an all inclusive platinum service and starts with your instructions.

Here is an example for: - " Rich portfolio UK Ltd is a property sourcing/ acquisition service designed exclusively for celebrity footballers. Based on your requirements, we go into the market, find properties that meet with your pre- defined selection criteria, short list those that meet your requirements closely, arrange a suitable time for you to visit and view these properties. Finally, the legal work. Once you have decided on a property or a number of properties, we negotiate a fair price for the property or properties on your behalf, instruct valuers to provide a survey/ valuation. We have a panel of specialist property solicitors to act for you or you can instruct your own solicitors at the end you just list your contact details" 4) How do you advertise? If you have purchased any property for celebrity clients before then ask them for personal introductions. Personal introductions are the best referrals you will ever have.

If you were working on creating a portfolio/ service package ensure that you include a testimonial from your previous clients. Such an inquiry may help you reach the team or they may suggest a way of reaching your target audience. Celebrity testimonials will really add value to your business, service as well as your credibility. 5) In the absence of personal referrals, ask to speak, contact the stadiums with the team manager and explain your reasons for wanting to arranging a time. If all else fails then ask the stadium staff for assistance they may suggest that you put your business card in the information pack which the players are sent every season. 6) When you start to get business via your own efforts or through recommendations. Prepare a template in advance of the meeting and just fill in the gaps at the meeting. It is advisable to take detailed instructions from your clients of their requirements when you first meet with them. Work on finding suitable properties as soon as possible.

Be professional in your conduct and approach. Keeping your clients informed of your work at every stage is a key in establishing and developing your business relationship with your client. Ask your clients for their preferred method of communications when you first meet with them and then ensure that your keep to the agreement with your client. Property advisers typically charge 2% of the purchase price of the property. This article is about adding an income stream or a number of income streams to your business. Your USP( unique selling point) is that you negotiate good prices which are well below the asking price of the property and therefore your service pays for itself. Once you establish a working relationship with a celebrity footballer, you will generate an occasional but nonetheless a substantial revenue stream from the purchase or even sale of their main residential property and secondly from advising them on their investment portfolio on an ongoing basis.

Generally Followed By A Correction Or More Drastically, Real Estate Bubbles, A Crash Have Caused Many Inexperienced Investors To Panic

Category: Finance, Real Estate.

A real estate bubble, or housing bubble exists when a local economy experiences an accelerated growth rate in housing prices or values and then the market" corrects" itself once values have reached their peak for various reasons.

During the period of growth in a particular area, a real estate investor can make a fortune if they use purchase techniques like house flipping or short term holding. Generally followed by a correction or more drastically, real estate bubbles, a crash have caused many inexperienced investors to panic. Periods of accelerated growth typically allow the investors to buy at near or full retail value and still make a reasonable profit as a result of appreciation. At times, it can be an unrealistic increase due to various economic factors. However, an area affected by a real estate bubble will generally have retail housing prices and appraisal values increase in disproportionate numbers. The result can be good for an investor who just purchased a distressed property in the area where appreciation is steady. As the so- called real estate bubble grows, the value of the property goes up as well.

What typically happens in that scenario is that the investor buys the property for pennies on the dollar based on today s value. Hypothetically, an investor could buy a property for$ 75, 000 and resell it for$ 150, making almost a, 000 100% profit, after deducting any fix up expenses and holding costs. Simply banking on constant appreciation is not investing, it s speculation or may even be considered gambling. Here s a little secret that all real estate investors should take to heart: You should ALWAYS buy properties at steep discounts because your profit is made when you buy, and realized when you sell! A professional investor can recognize the signs of a localized real estate bubble and avoid areas that are affected, waiting for the opportune moment to buy. This means there are still properties a savvy investor can obtain without taking undo risks. Now understand that not all areas are affected by unnatural growth.

Understand that there are profitable deals in every market place no matter how hot or cold that local market is. The so- called national real estate bubble( market correction) of 2007- 2008 has found many mortgage companies on the verge of bankruptcy or declaring bankruptcy, creating a backlash resulting in a virtual implosion of the entire sub prime lending industry. You only need to know where to look. In many instances, home owners were holding short term Adjustable Rate Mortgages( ARM) as well as negative equity mortgages that they should never have obtained in the first place and when a little bump in the road appeared, foreclosure soon followed. However, the real estate bubble bursting in various markets made conditions perfect for even a novice real estate investor to earn substantial profits. Many local economies have now begun to stall as panic became widespread. When a real estate bubble does burst the result is usually a substantial increase in foreclosures, as reflected by the constant deluge of media exposure seen during this election year of 200The" big picture" is that property values start to decrease to a more realistic amount due to the cooling off period.

While many folks are running around screaming that the sky is falling, there are scores of educated investors who understand that this is a prime time for a buying property. Housing prices begin to fall, sometimes slowly and other times at a frightening pace. It becomes, what it referred to as, a" buyer s market. " Investors like a buyer s market for obvious reasons. End home buyers also win because interest rates are currently low and the result is generally more house for the money for qualified buyers. More profits are realized during times of economic panic. In Your Own Backyard- A real estate housing bubble not only affects the housing market, but the entire community.

Contractors can start to lose money as their inventory of houses sit for months unsold. As prices fall, new home construction oftentimes slow to a crawl. Skilled tradesmen can be laid off as consumer spending slows down. The local economy sometimes slows to a stand- still. People start buying only what is necessary as the media paints a constant gloomy picture. When a real estate bubble bursts, the local economy oftentimes suffers for quite a while and the recover time can be extremely slow. However, any educated investor knows that real estate values are cyclical and the markets always return to their previous position.

At this present time, the bursting of the housing bubble in many areas has a lot economists worried. The Sky Is Not Falling- To determine if a local marketplace is caught in a real estate bubble, the smart investor must look at several things. Hypothetically, if a house sold for$ 65, 000 three years ago and the owner is presently able to sell it for$ 145, it is a, 000 rather quickly pretty good indication that the local economy is booming and healthy, not caught in a real estate bubble. The most important clue comes from the sale history of local properties. When a local real estate bubble is expanding, investing can obviously be tricky. It All Boils Down To Knowledge And Calculated Action- The bottom line is that any market place has plenty of highly profitable deals if an investor knows where to search. A wise investor will proceed with caution and fully understand that their buying and selling strategies may need to be modified.

Education and persistence are keys to successful real estate investing. If you are just getting started in real estate investing or have been considering investing in real estate, you ll want to take full advantage of the current incredibly low interest rates as well as a seemingly endless supply of profitable deals to be made. Remember, there is no national real estate bubble and anyone who says otherwise doesn t fully understand the intracasies of real estate investing. Take some time and become educated on the intracasies of real estate investing the right way and then take action because there has never been a better time to get started investing than right now!

Real Estate Investment Depends Heavily On Location

Category: Finance, Real Estate.

You' ve heard the old real estate adage, location, location, location, and the fact of the matter, this still holds true. Pick an area that is going downhill and you' ll end up having to sell at a loss, but if you get the right location, the property you invest in could eventually be worth millions.

Location is vital in choosing where to invest your real estate dollars. Finding the right location is part of the research needed for real estate investing. If you are in a hurry to get your money back, you' ll want to look for a semi- developed area where you can drop in your money and then resell a short time later once the market has risen for that area. The amount of time that you are willing to have money tied up in your investment will also have a big bearing on where you invest, since some areas will tend to take longer to develop than others. Longer term investments require a lot of foresight. This can be a bit more difficult to do, and often you' ll need more investigation done. You need to be able to tell if the location is a good one and predict that it will still be a good one in ten or twenty years.

A real estate agent who is experienced in real estate investment can help you out with this part of the process. You should be able to see fairly quickly if an area has had a rocky past or if it has steadily improved in value over the past few years. Previous years can give you an idea of the trend in specific neighbourhoods, there are even websites that track this sort of thing. Take a look further back, too. Of course, the worse off or the less developed an area is, the lower the investment. Some neighbourhoods may actually be in an upward climb after decades of ups and downs, you need to, in which case carefully consider the wisdom of buying there. This means that if the real estate goes up in value, you could stand to make a very tidy profit.

Keep in mind, that real estate, too investment, tends to be far less risky than the stock market, which can be pretty volatile. This is a numbers game, so if you are good at figuring out the odds, you have an excellent chance at making money in the real estate investment market. The trends in the housing market tend to move up and down fairly slowly, so you can anticipate the changes in time to start buying or selling. An agent worth his or her commission fee will be able to help you find up and coming locations that are excellent places to buy with future selling in mind. Having a great real estate agent can be a big help when you are making real estate investments. Once you find a good real estate agent, make sure you hang onto them, since it can be difficult.

Without the right location, you risk losing money, or at the very least, not making much of a profit. Real estate investment depends heavily on location. Get the right area and you will earn big.

The Investor May Have Bought The Property To Flip It, Rehab It And Sell It, Or Rent It

Category: Finance, Real Estate.

"Subject to" financing is where a homeowner sells his home but leaves the existing financing in place and allows the new owner to continue making the monthly payments.

Early in the 1980's, lending institutions got legislation passed that stopped loans from being fully assumable by new buyers because the lenders could charge additional closing fees. The deed is always transferred at this time to another owner who will be making the payments. The transfer of ownership violates the loan's" Due on Sale Clause" (DOSC) , and immediately allows the lender to accelerate the loan and initiate a foreclosure proceeding. The DOSC is what is known as a" contractual right" and is not a law, consequently there is no" Due on Sale Jail" . But, if the homeowner is already in foreclosure, it may appear to be a solution to his problem. Because of this limited penalty for violation of the DOSC( acceleration of the loan) , and the fact that a check going through the lender's collection area is not checked against who owns the property and who wrote the check, few if any accelerations happen. Some of these regulations are aimed squarely at" subject to" financing and lease options.

Certain states have enacted" anti- investor" regulations to protect homeowners from investor abuses. Using" subject to" financing, the homeowner deeds over his home to an investor who is supposed to begin making the monthly mortgage payments and pay the home's associated expenses. But if something goes wrong, the investor may stop making the mortgage payment, not pay taxes or insurance and it may go back into foreclosure. The investor may have bought the property to flip it, rehab it and sell it, or rent it. Even worse, if the investor rents the property and collects the rent but doesn' t pay the mortgage, the former homeowner is still responsible for the mortgage. The result is a continuing credit score deduction for the former homeowner and the inability to finance a new home because he already shows having another mortgage. Worst of all is when the investor pays the mortgage payments but pays everyone late by a few days.

The former homeowner could call the lender and tell them that he sold his home and a new owner is responsible for the property. If the lender accelerates the loan, the investor will stop paying the mortgage, and just abandon, collect the rent the property after he can no longer collect rent. The investor is responsible for the property, but the original homeowner is still responsible for the mortgage! The tenant loses their security deposit and last month's rent plus gets evicted, the former homeowner has a foreclosure and additional late payments on his credit report, the lender has a foreclosure to deal with, but the investor walks away with money in his pocket. "Subject to" financing can work, but there are substantial risks to the homeowner, any tenants and the lender. So be wary of an offer to use this form of financing and check any documents with your attorney.