Archive for March, 2009

Investment Property (2)

Welcome to the second of a series of segments on equity. In the first instalment, “How are slumlord” We talked a bit about what it is to own and operate property as well as some but not ownership and management of trade. In this second part, and will discuss a number of pre-investment principles that can help you achieve the maximum return on investment.

There are three basic principles of the capital, you need to know before buying a building to avoid further payment:

Time
How you plan to own real estate investment? As is the case in equities and bonds, the value of your investment may change during the period in which you have. While most real estate will be in the context of the value of time, there is often short-term fluctuations in the market. If you plan to sell your property investment less than five years, is ready for the investment risks inherent in a shorter period. This is especially true if you bought your house from the real estate market. If so, it may lose money if the market needs to drop the provisional, especially if you have to carry out reforms in property.

If you plan to ownership for the next twenty to twenty-five years, is almost certain that your investments in real estate will appreciate in value. It is also a good opportunity for that you need major changes such as replacing the roof, wiring, or major organs such as a refrigerator or boilers. Naturally, these corrections will be met and that you / more than twenty years to repay the costs. If on the other hand, you’re only on the possession of capital and planning for the next five years to buy se?izova? up’er “could eat all the profits I have made during the short investment horizon.

Networking
If you want the best possible solution for investments in real estate that some people who you want to be with friends. City officials and bank employees to know what is available to the conclusion, and when I Ga on the market. And real estate agents usually know anything relating to goods on their territory. Some statká?i future, and advertisements in local newspapers.

A large number of people to participate in the market for real estate investments in May to join the same owner or owners of local investments in real estate. These types of organizations hold regular meetings, where you need more information about the interior of what is sold in your area. National Real Estate Investors Association is the organization’s web site that provide a wealth of information and resources needed for investment potential owners.

Financial Preparations
To get your finances in order. Less debt you have when you walk into your local credit institutions, and get more loans. This is common sense, but what is more true of those are seeking financing for fixed assets. This is because lenders know that people are much more likely to own property rental house. This means that the bank will pay higher and higher interest rates, which can not be. It is also a good idea to have a little more cash left unforeseen repairs may not be realized.

Capital by choosing wisely horizon contacts in the community to invest in property, and prepare properly for your investment funds can be an important means of supplementing the retirement and other savings

6 Tips Room Decoration

1. Install with the number of whimsical accessories. This affects the balance. With odd number of accessories will be better and more comfortable compared with the number of views even.

2. Customize the style of the decoration of your life. If you move frequently, choose the furniture is neutral, because the decor is neutral match any decor. If you have children or pets, select the carpet that is easily cleaned and color that can be camouflage dirt.

3. Take advantage of the paint to minimize excess weight and lack of room. For example: bright colors to make the room look great. Dark color to make the room feel comfortable (cozy)

4. Put a picture / painting eyes as you look. As high as hang out with the eye, paintings / pictures will be enjoyed. This also will make the painting more harmonious with the sofa or chair

5. Use and customize the wallpaper with your home. Use wallpaper with texture and bright image is small for a smaller room. Instead use a wallpaper with the image that is large and dark background for a large room.

6. Collect pictures of rooms you like. We often difficult to define and create the room that we love in words. See from the photo to determine the similarity / similarity-whether it is the same color, same shape, of the same type of furniture, etc.. While you can specify one by one, you will more easily describe your style and conclude / style what is right with you.

Investment Property (1)

Welcome to the first part of a two-part series for investment in commercial property.

After driving on the windows and downs of the market composition return for a certain time, a growing number of investors willing to invest in real estate as an alternative stable. In hot markets in many parts of the USA, the time be ripe May, in this potentially lucrative market. I would say, however, that you can read before they go home first. Just find something in this article, you continue to break the bank and back.

I wish all investors is to build long-term wealth, it is very clear principle and probably also the reason to read this article. However, there are a number of rules to play with investments in the property game, unless you want to strike a blow to take with them when rent should be collected. I am talking about how to prevent a “slumlord”.

To apply the highest standards for an owner of success, let me share a story experienced by some members of the extended family. It is an excellent example of how not to do if you want to make the most of your investment. After the story, we’ll see what the rules and lessons we can learn. The names are changed to protect the identity of innocent people.

Ben bought a drummer family investments in real estate in a very bad and his two son, Josh and Nathan, received all employees. They have wooden floors-answer nobody wants to replace the carpet whenever you, right? And then they really felt good use of paint-nobody wants to answer back every time, n’est-ce pas? And when he decided to jump into a bathroom and closets fixed happy tenant is a good driver, right? And closing the summit, due to Nice towels to cool on racks that said: “We are family.” Tenants appreciate that, right?

Right.
The first family to move in and out of a private room doors of firewood, fertilizer Nice bathroom and accessories sold at Swap Meet, to choose and small arms through the cycles of new plans. Ben discovered when he received a call that is the roof and must go, “Take your *** here and solve the problem!” He patiently tried to explain that the roofs where to download images of inflammation. Other visits wonderful, inspired by a similar call.

It is only eight months, until they are out of the house; It appears that the tenant rights, as specified by the district court to enumerate more rights than the rest of us collectively. Since the family moved to see that he and the mother of two boys more focused all the shirts stitched with the “We Are Family.” They have other parts of the house.

Ben, Josh and Nathan began to build a house, find all kinds of interesting changes in its structure. Nothing serious, other than to support the package was chain sawed down (apparently more firewood), bathroom tiles pried a clear reason why not, the group has signed removed all windows and mirrors, which were demolished and other small surprises.

Although some contributions restring wire scan later in the locker room hangers-Josh nanizani rusty found a .32 caliber handgun. One or other tenants were able PRY baking bricks that Ben must be replaced to comply with the code. Apparently, someone drove a M1A1 Abrams of the aisle, had no other way to explain a huge cracks in the street, always good for 20 years.

What can we learn from these terrible, but unfortunately life?

Rule No. 1

Location, location, location. OK, this May seem a little “cliché, but the fact that the location of investments in real estate, determine the nature of tenants that will attract and how much rent you can pay. Do not forget that, any given point of time in the future, it is necessary May for you and your family to participate; near what you want?

Rule No. 2

Not when you go behind the definition of investment in real estate. You should expect reasonable wear and tear. It is noted that “reasonable wear” is something completely different person whose rent than the owner. And forget that the great goodness, “We Are Family” towels!

Rule No. 3

Knowing how to make repairs. Fortunately for Ben and children, who have little experience in various construction jobs. Otherwise, May they have lost money, even more than hiring help. Knowing how the electrical problem, sewage repair and replacement windows will save you a lot of money for the road.

Rule No. 4

Inquilini your screen while moving to live with it. This is perhaps the most important step to avoid a slumlord. Questions and check references. Call former owners and ask questions like: “Did they pay the rent on time? How is the condition of the house / apartment at the time of his departure? That Lee never disturb the neighbors with a music or shouting matches How many times do you need special tours premature for repairs? “To be informed as possible, which can be rented will be a big difference in terms of return on investment.

Rule No. 5

Know your rights as a landlord. Familiarity with the expulsion order to avoid long, drawn up in disputes with tenants. Most Member States and provides online information for the landlord and tenant rights.

Not commit the same mistakes committed by Ben and his children. Of course, obtaining investments in commercial real estate is difficult and that work will do things that normally would not be bound art At the same time, steps you can take to limit its liability for the prevent “slumlord”.

In the next part two of this article will explore some aspects of financial awareness in order to find the best deal possible on your initial investment in real estate.

Many real estate agents and starts sometimes, unfortunately, at the end of his career without a plan. And as the saying goes, which is not as good as the plan intends to fail.

Sure, some things general, and it is expected to stimulate new businesses, such as transmission of letters and cards from friends and relatives, acquaintances, phone and a business card to everybody and they all are.

Heck, some are brave enough to “cold call” Prospects for all-the dreaded tasks! And while all these activities are good things to do, they do not necessarily translate into new business opportunities – now or later!

And while they may be good strategies, you need more. But instead work hard because they do not work quickly?

The most successful of brokers and real estate agents has led production. “Some agricultural products expired Program for large profits.

A good system of registration in May:

• jump on a new project or an average of real estate sales career
• bring in real estate ads on a regular basis, week after week
• generation of potential buyers and sellers
• give you an exposure in advertising months instead of years
• be able to know the best investment purchases

Personally, I love me expired systems and laser beams, as concerns warm and friendly vendors. The sellers are generally still nedvizhimosti friendly, or sell and will do what is necessary to sell their property.

Owners of expired list is justified for many reasons, double mortgages, vacant property, terrible tenants, who recently married and combine households, recently divorced and liquidate real estate and so on.

Although they went through a cycle of registration and may be eager to reach out with your life. But as you know, or will soon know all the ads that are not worth taking.

I mean, I originally was part of a building as I could, vacant land, a household, Condo’s, triplex, mobile home parks, mobile homes, houses in top notch condition, “S beginning, whatever.

I had to feel pretty darn good (and the only one yet) so that it enters the portfolio has increased more than I could handle ads.

Therefore, hired a part of the first secretary / assistant who can help me to market my listings, and then took the recently approved as a trading partner and split the fees list 50/50. Quickly enter the system was humming and I was one program each week on average 1-2.

I had an army of agents working for me day and night, since almost all of my ads were more in my system. Does that make me pay, even when I was chaperoning trips, get haircuts, or just a day

Here is what is good for real estate registration system can do for you!

So if you do not have a good system for the registration should have a. In the end, if the real estate ads running the industry, so how can be successful without them?