Real Estate Investments is the purchase of Land, home, office, shopping centers or industrial buildings to gain profits. Real Estate has limited liquidity and is an asset form of investment involving intensive capital and high cash flow.
These Investments are considered to be most safe if you are buying a property when it is at rock bottom prices. Such Rock Bottom prices are available through Foreclosed homes where you are buying property at almost half the market price.
Benefits of Real Estate investments are:
o Rental income plus appreciation of property value
o Tax benefits as the property depreciates in value in accounts books whereas it is actually increasing in value gradually.
o Collateral Security – Your investment can help become your collateral security for your future personal or business loans.
Some tips while making real estate investments are:
o Decide your budget – Calculate your current saving and potential future income and then accordingly make a sensible decision so that you are not the one who faces foreclosures rather you should be buying one.
o Research – Do a thorough research of the property you are
If you are considering building a home scrapbooking room, you must be very serious about your hobby. And it is no wonder, since this craft is relaxing, creative, and a way to save precious family photos and mementos. It is fast becoming one of the more popular hobbies in the world, and many people are also building a home scrapbooking room for themselves. So how can you go about doing this?
First, when talking about building a home scrapbooking room, chances are you don’t really mean building a new room on your house. This is a lot of expense and trouble to go through just for a hobby. Although if those are your plans, there is nothing wrong with that! If you are in the construction industry or can afford to hire someone to do this renovation for you, then who are we to stop you? But most of us, when you think of building a home scrapbooking room you really mean converting and redecorating a room you already have, such as an empty bedroom or den, or even a corner of the basement.
Real estate investing is a very exciting business. The success stories can get beginners so pumped that they would do just about anything to do a deal. Unfortunately anything is often a slew of mistakes which end with brutal results. Here are some vital mistakes to avoid and tips for real estate investors.
1. Buy Right – Stick to your criteria. Sending 10 offers is not enough. It is a numbers game and often takes 100-500 offers just to land one deal. You should be doing only the best deals. It is recommended to implement a solid plan to get a ton of prospects into your pipeline, filter out the duds and write a ton of offers of the worthy prospects.
2. Focus on one strategy – Become a master in one strategy and focus 100% of your time in this strategy. Let everyone else try 5 or more strategies and put 20% of the needed focus to become successful in a strategy.
3. Have multiple exits – One exit strategy is not enough. Always have backup plans and multiple exit strategies. It is recommended to never go over 70% LTV and also have positive cash flow. Having both significantly mitigates risk and
If you’re about to renovate or build a new home, then no doubt you would have given great consideration to the style and feel of the home you’d like to be in.
Whether you choose to use an interior decorator or not, here are 5 top tips that you should keep in mind, to ensure that the home that’s finally built is one that you’ve always wanted in terms of its style.
See, most people, when they’re building their first home, are not aware of how important these features are when it comes to the overall feel of the home that they’re trying to create. But if you’re aware of them, you’ll be able to visualise and achieve the style you want in your home.
The interior doors in your home.
Yes, apart from the architectural design of your home, the next most important factors that will influence the style of your home include the doors.
Ensure that the internal doors fit the overall style of your home.
For example, a classical and elegant style home would require character and French, rather than plain doors , to create this elegant feel. Every detail in the home is noticed by the eye, either consciously or not,
Home building cost overruns can plague any home building or remodeling project. This occurs so frequently that it is recommended you include a 5 – 10% contingency fund in your budget. This will be used for items that you will have no control over, such as problems found with the land once excavation has begun.
Use the 5 tips in this article to control home building costs & minimize cost overruns.
Tip 1: Planning Your Home Building Costs Take the time to plan on paper what you want your house to look like. When doing your budget, visit stores to look at appliances, fixtures, cabinets, flooring, etc. In doing so, you will have a clearer idea of what you want and more importantly, what it will cost. Then, build that amount into your budget so there are no surprises later.
Tip 2: Specify Home Building Materials When working with a contractor, be sure that the specific materials you expect to be used are included in the bid and subsequently, in the contract. If your plans say wood floors and you are expecting teak and get oak, your recourse is limited because you did not specify it in writing.
Tip 3: Change Orders If you
If dreams of building your own dream home fill your thoughts, then you have probably also thought about where to possibly build this dream home. There are some factors to consider when thinking about how to choose a location for building a home. Ultimately, the final decision will come down to a buyer’s personal wants or needs for a piece of property.
Lot or Land
One of the biggest decisions when choosing a location to build on is whether you want to buy a lot or whether you need a large piece of land. A lot is usually a smaller piece of land that is large enough to build one house on with space for a yard in the front and back of the house. On the other hand, buying land often means the purchaser is buying several acres to many acres. If you want to build you home away from other homes in solitude, you will probably have to buy a large piece of land to keep others from building directly beside your home. If you are not interested in mowing a lot of grass, then you need to consider purchasing a small lot.
Subdivision or No Subdivision
Another factor to consider when
If you’re like me you’re always on the lookout for new property management solutions, ideas that will make your property management run more efficiently and less expensively.
In today’s property management training article I’d like to share ten property management solutions I’ve personally used, along with tips on which worked well and which not so well.
Set The Right Expectations
Property management solution #1 is to set the right expectations with your investors, your tenants and your vendors.
This also falls into the time management category. I remember a long time ago somebody once told me, “If you don’t manage your time somebody else will manage it for you.”
If you’re working with building owners, set the right expectations for your weekly or monthly reports, distribution of owner funds, and follow-up calls and emails.
With tenants, be consistent with rent due dates, when rent statements are sent out, deposit of funds, and willingness to do repairs that maybe aren’t called for in the lease. After only a few months of setting the right expectations with tenants you’ll be surprised how everything falls into place.
Develop A List Of Reliable Vendors And Suppliers
I find that by paying the vendor early and by not nickel-and-diming the vendor, that
If you looking to sell houses faster and with less “bail-outs” before the sale, you should read below.
Listed are 8 “new age” internet marketing tips for real estate agents:
1. Have a personal website or blog – Branding yourself over your business efforts has broken the bond with tradition for service providers. Customers and clients side with your relationship when buying, not with the company that you run your business through.
2. Give away a professional piece that brands you as an authority figure – Whether it be a PDF, video series or coupon that entices a client for doing business with you.. giving away and paying forward your knowledge of your industry is what is going to ‘hook’ buyers. This strategy will differentiate you from every other real estate agent.
3. Create a Facebook fan page for your business – Facebook allows you to communicate in ‘REAL TIME’ with your ‘raving fan’ followers. What’s great about social media is that you can brand in Boston, New York, Chicago, LA or wherever in a heartbeat – all at the click of a button! Who do your clients know has never been so valuable!
4. Brand yourself, not your company – The power of persuasion