5 Reasons (overseas investment properties) to Invest in a Down Real Estate Market
No commentsBy Peter Vekselman
We’ve been talking about investing in the down real estate market for a while now, but there are so many people out there who are afraid to plunk down the kind of money it takes to get going in a down real estate market. Here are five things you should keep in mind when investing in a down real estate market:
1) First, do not ever pay full asking price. The majority of people will be asking for prices at or near the amount of their mortgage, as if they held all the cards. They don’t, especially now that we are all facing a down real estate market. Seriously appraise the property and decide if you want it. If you really do, and it seems like it has the potential to be a return on your investment, then you should make an offer. Some places can be had for as low as a 20 per cent discount on the asking price; that is the beauty of purchasing in a down real estate market. If they balk at your price, you can walk away knowing that they will eventually come down to earth and realize that in a down real estate market, there are very few buyers.
2) Second, think location, location, location. As the real estate market boomed the last couple of years, the locations for some housing developments started to become really whacky; out in the middle of nowhere, down one lane roads, and with the barest of infrastructures, housing tracts sprung up like mushrooms after a rain storm. You need to think strategically; the desirable houses will be more centrally located when people finally realize that the credit crunch and real estate market is making a come back.
3) Real estate in a down market is a long term investment. You will probably not be able to unload your investment any time soon, but you should keep in mind that eventually, people will want to purchase new homes again, and when the credit markets do open back up, you will be sitting pretty. Be patient and you will make a tidy bundle when you finally do sell.
4) You aren’t going to be able to flip a house in a down real estate market, so why bother. Don’t put more into a house than to make it habitable; some people may be lucky to flip in some areas, but flipping is quickly becoming a thing of the past. Maximize your dollars and invest in multiple properties while rehabilitating them only if necessary.
5) Become a land lord. Land lords are holding all the cards right now. Just because someone loses their house doesn’t mean they are going to become homeless. In fact, in many rental markets, there is a shortage of landlords who can rent to all the people needing houses. Being a land lord can be seen as an interest return on your investment since a 200,000 dollar house rented for 1,000 dollars a month returns 12,000 dollars, or 6% on the investment per year!
Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management Your Source For Investment Property Strategies Hidden Treasure Discovered in Central Coast California Real Estate Property For years, the Central Coast has been California’s little hidden secret. Now things are starting to change. Like a modern day 49er gold rush, investors and home seekers from around the globe are using Google and the internet, instead of picks and shovels, to uncover this overlooked vein of California gold. Decades of relative seclusion and obscurity appear to have only strengthened the value and attraction of the prize. When the real estate bubble was bursting in most U.S. markets, CNNMoney and Business 2.0 Magazine were naming this area as one of the Top 10 Real Estate Buys in the nation. They rated the region’s centrally located city of San Luis Obispo number 6. In fact, the Central Coast had the only city from California on the list. In 2008, Sunset Magazine named San Luis Obispo one of its Top 10 Dream Towns in the country. The magazine editors defined the entries on their list as the top places to go “for the perfect vacation, or for the perfect rest of your life.” They called San Luis Obispo the “most Californian place in all of California.” “Cities Ranked and Rated”, an annually updated book that rates over 400 metropolitan areas in the U.S. and Canada, included 6 Central Coast cities in their first top 10 list. The combined area of San Luis Obispo, Atascadero, and Paso Robles garnered the number 3 position, while the combined area of Santa Barbara, Santa Maria, and Lompoc came in at number 4. In the book’s latest edition, those two areas ranked number 9 and number 11 respectively. In the past few years, over a dozen publications have featured San Luis Obispo in their Top 10 lists, including Surfer (Top 10 Surf Towns) and Runner’s World (America’s Top 10 Cities for Running). In many ways, San Luis Obispo and all its accolades are a fitting representation of the charm and appeal of the rest of the Central Coast. A potent sampling of that proof lies along the region’s oldest and most famous byway, the incredibly scenic Highway 1. Start at Santa Cruz and head south through Monterey, Carmel, Big Sur, San Simeon, Cambria, Cayucos, Morro Bay, Los Osos, San Luis Obispo, Pismo Beach, Arroyo Grande, Nipomo, Guadalupe, Lompoc, Gaviota, Goleta, Santa Barbara and Carpinteria. Add a few quick worthwhile detours through Paso Robles, Templeton, Atascadero, Buellton, Solvang, and Santa Ynez, as well. The result is you can’t help but fall in love with what you see. Every one of these endearing rural villages and funky coastal hamlets seem worlds away from the clamor and congestion of California’s more ballyhooed metro districts. If you’re new to this area, you may never want to leave. This is the very best of California. Some have called the Central Coast the Lost Coast, like an Indiana Jones lost and forgotten secret treasure. Well, here’s something about the Central Coast that should never be forgotten: reasonably priced, uncrowded, prime coastal California real estate may seem like it should be a secret hidden treasure, but it’s an open reality on the Central Coast. Hurry up and stake your claim, though - the secret is getting out! Rory Santos intimately knows Central Coast California Real Estate. He grew up on the Central Coast, and it’s where his heart is. His website is one of the best dedicated resources for Central Coast California homes for sale on the internet.
company. To learn more about Peter please visit
http://www.coachingbypeter.com.
By Rory Santos
The Central Coast of California is bordered by 300 miles of the state’s most spectacular coastline, encompasses 7 of its most alluring counties, and includes more than 14,000 square miles of the most stunning and unspoiled real estate in the nation. The only thing that eclipses the luster of this treasure trove is its location in the shadows, directly between the limelight of Los Angeles and San Francisco.
Real Estate Success in (investment property specialist) a Downturned Market
No commentsBy Janet Giacoma
Today’s real estate professionals face challenges that the industry hasn’t seen in years, perhaps in the entire history of selling real estate. New housing starts are down as builders struggle with their own issues of rising costs, and a lack of interested or capable buyers. Homeowners, flush with cash from the sale of overpriced homes a few years back, bought houses that they really couldn’t afford using variable rate mortgages. These mortgages, of course, were issued when interest rates were low. As the rates began to rise, mortgage payments became untenable and these expensive homes were put on the market. As the law of supply and demand dictates, the glut of homes on the market drove prices down drastically, forcing homeowners to sell at less than what they paid, and in some cases, less than what they owed.
Compounding all of this of course is the meltdown of the sub-prime mortgage market. Greedy lenders, in their pursuit of massive financial gain, granted loans to people who really didn’t qualify for them. As these people began to default on their loans, the lending institutions were in turn forced to default on their own obligations. The result - today’s economic morass that is being called the worst global calamity since the Great Depression, if not in the entire history of mankind.
In short, it’s not a good time to be selling real estate. So what’s a real estate professional to do? How do you go about finding success in a downturned market? The short answer is easy - sell something else.
Increasingly, people who make their living selling real estate are seeking alternative careers. In some cases, they seek to supplement their declining incomes as they wait for the market to come back. Others, perhaps the more pragmatic, are moving on altogether. Real estate training notwithstanding, these people realize that they are in fact sales professionals, and that there has to be a better way. Earning an income in real estate is no longer a realistic profession.
As these professionals evaluate career alternatives, many are looking at internet based direct marketing opportunities for a number of reasons. Apart from the huge potential that the internet represents, a home-based direct marketing business can be started while still continuing with current employment. So someone who realizes that change is necessary but isn’t quite ready to make the leap can simply ease into it. However, once these individuals see the success that awaits them in their new endeavor, many simply give up real estate and become full time internet network marketers.
Changing any career is not easy. But if you are trying to eke out a living today in real estate, now might be the time to consider it.
Janet Giacoma is a business coach and marketer who assists serious entrepreneurs in building a profitable online business with multiple income streams. To contact Janet visit: http://www.TheAbundantAlliance.com and http://www.TheAbundantAllianceBlog.com
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Investment Property: (investment properties) What It Can Do For You
No commentsBy Jerry Glynn
For many years now, investment property has been on the rise as a popular means to attaining wealth by many people all over the world. The purchase of a home is of course one of the first major investments that many people make, with the purchase of a second piece of property being the next. In fact, this move is often undertaken before the purchase of shares and other assets are even considered.
Before we go into the various aspects of investment property, a definition of the term would be in order. Investment property is the term used to refer to a piece of property that is not meant to be occupied by the owner, and is instead purchased with the specific goal of generating profit by way of rental income and/or the gaining of capital.
While we mentioned earlier in the article that most people’s first real estate investment is usually their own home, this does not always have to be the case. In fact, buying a modestly sized house or apartment in an affordable area to rent out can be a good way to build up some funds in order to purchase your own home eventually, in the specific place where you want to reside. More and more people all over the world are going for this option nowadays by renting property in a more affordable area, and purchasing and renting out another piece of property in a more expensive area. Other people are even expanding their investments into non-residential properties by way of property trusts.
Investing in property sensibly actually has a number of other benefits, not the least of which is that property tends to be less prone to market fluctuations than shares (although this is not always the case), and they are generally regarded as safe options when other assets decrease in value. Property investments also have great potential to generate capital growth and increase the value of your assets, and there is of course the rental income to consider as well. In addition, there are certain tax benefits that you can realize from negative gearing.
Just like any other investment however, investment property does not come with any solid guarantees. The prices of property does go up and down from time to time, and it can be quite a challenge to find good renters who will pay their bills on time and take good care of the property.
Furthermore, there is a need for people who are going into investment property to be thoroughly aware of interest rates and how higher rates will impact on their expected returns. They also have to make sure that the return or yield from their investment property measures up favorably compared to the returns that they would have achieved if they had invested in shares, for instance.
Of course, this is not to say that everyone should be directly involved in investment property. You can for example, go into partnership with other real estate investors and combine your assets into managed funds that will focus on property
Did you know that you could make profits with no money down real estate investing? Visit us online for more information.
Real Estate Training - Why Train?
By Peter Vekselman
To train or not to Train? This is a question answered in today’s economy. Real estate training is just like any other type of training. You need to be prepared for what often amounts to a battle of wits in the real estate game. It does not make sense not to have some sort of real estate training before embarking on real estate ventures.
As the housing market spreads its virus into other areas of our economy, we see the importance of proper training in the real estate market. Investors make up about 30% of all foreclosures in America. This is greatly due to the increase in people getting into the business of real estate investing.
A lucrative business in real estate is very possible, especially now. As the misfortune of people losing their homes continues, so does the opportunity to buy at inexpensive prices. It is truly a buyer’s market; however, there is still much to learn about the buying process.
Where do you buy and why? Will the home need major repairs? How much will repairs cost? What kind of mortgage should you get? Should I get a mortgage? How much am I saving on the actual value? What is the actual value? The list of question a person needs to know goes on and on.
For years, experts have been pointing to risky avenues to profit on real estate and for the most part, their views were inline with real estate investing; however, too often they specialize in one or two areas and leave voids in their lessons. The problem here is that in order to be a successful real estate investor, you must have a full view of all aspects of the business. While real estate investing is lucrative, it is not to be mistaken for an easy ride.
If you are going to get into real estate investing, and it would be a great time to do so, then I suggest that you find a trainer that knows the full gambit. This does not mean he has to be an expert at it all, but have a solid understanding in all aspects. You must be afraid of trainers that say, well, I let my partner take care of that part of our investing. Another line to run from is, I don’t even care about that part, as long as I can do this.
So, do your homework on the trainer before you sign up, but by all means, get trained.
Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management
company. To learn more about Peter please visit
http://www.coachingbypeter.com.
Getting Repairs When Living In An Apartment Rental
By Christine OKelly
When living in a real estate rental, things will break, either by accident or due to general wear and tear. Since you can’t go back and “unbreak” something, you need to seek repairs. The problem is that in an apartment rental, it is often unclear who is responsible for paying the bill: the renter, the property manager, or the property owner. This article will help you know what to do to get the repairs you need and what to do if the property manager refuses.
Where Exactly Is The Damage?
If the damage is outside of your apartment rental and was not caused by negligence or accident, report it to the property manager for repairs. In this situation, the landlord should pay for the needed repairs. If you, as a renter, caused the damage, you should pay for the repairs, but it depends on your rental agreement. Repairs needed inside of a real estate rental usually follow the same guidelines as repairs needed for the outside of a rental.
How Long Should You Wait For Repairs?
The amount of time appropriate for a property manager to make a repair is dependent upon the type of repair needed. If it is a necessity repair, such as repairs for heating, sewer, or water, it is considered an emergency and should be completed immediately. The property manager is also usually required to pay for any apartment rental cleaning needed due to the mess created by the emergency. If the repair is minor and does not affect a necessity, the landlord has a reasonable amount of time, usually 30 days, to make repairs.
What If The Property Manager Refuses To Make Repairs?
Never hold or refuse to pay your rent. Most people don’t realize it, but this is illegal. You must notify your landlord in person and by mail (certified with a return receipt) so you have proof of notice of the repair in case you have to go to court later. Keep a written 30 day deadline, detailing the daily happenings regarding the progress of the repairs.
If the repairs are not made within 30 days, you can put your rent in a rent escrow account held by the courts as you consult an attorney about the situation. You can ask the courts to release you from the obligations of your rental lease or contract you signed when moving into the apartment rental so you can move to another real estate rental, especially if the breakdown violates the terms of the contract. Many times in a rental contract, a renter has the right to set a limit of 21 days with the option to terminate the rental agreement if the repairs are not made by the 30th day. The best way to know your rights is to consult an attorney.
Most of the issues arising during the repair of a real estate rental usually occur because the parties are not aware of their obligations and rights. If you have a good attitude, are honest, and educated in approaching the situation, you and the property manager can avoid any problems when it comes to making repairs.
Christine O’Kelly writes for Chicago Beal Properties. With 80+ years experience as a property manager and real estate rental company, Beal Property, LLC offers an apartment rental in many of the city’s historic neighborhoods.
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(Investment residential properties) Land of the Downriver People: The State of Arkansas
No commentsBy Art Gib
The name “Arkansas,” is derived from the French interpretation of a Quapaw word which means either, “land of the downriver people,” or, “people of the south wind.” Though the name’s French roots should make the pronunciation obvious, there was, believe it or not, intense debate about it between the state’s senators during the nineteenth century. One insisted it should be pronounced the same as Kansas; the other senator, considering the word’s French influence, claimed it should be AR-kan-saw. The latter won out, and in 1881, an act of the state legislature declared its official pronunciation.
In the days before European colonialism, Arkansas was home to a number of Native American nations, including the Quapaw, the Osage, and the Caddo nations. The first known Europeans to step onto the scene came in 1540: Hernando De Soto with a crew of fellow explorers. The Spanish seemed to have neglected or lost the land, however, as it was part of the huge swath of territory sold by Napoleon Bonaparte to the United States in the Louisiana Purchase in 1803.
The territory was officially organized in July of 1819, with most of its eastern border being naturally marked by the course of the Mississippi River, and the rest of its borders touching six states. But it didn’t enter the Union until almost two decades later; on June 15, 1836, Arkansas was admitted as the twenty-fifth state.
Because Arkansas shares its southwestern border with Texas, the state was able to play a pivotal role in the struggle for Texas’ independence from Mexico. Later, in the Mexican-American War of 1846, the border town of Washington became a key station for supplying and gathering troops. Arkansas’s governor even called upon the men of the state to volunteer to fight in order to create the first Regiment of Arkansas Calvary.
Over the course of the nineteenth century, Arkansas developed a “cotton culture,” like many of its neighbors who benefited from the close proximity to the Mississippi River. After the Civil War and Reconstruction Era, numerous immigrants–Italians, Chinese, Syrians, and so on–found opportunities to work the land. Many of them eventually dispersed from the farms into more urban centers, but in any case, this diversified the population of the state.
The introduction of the railroad made it more feasible to populate seemingly remote areas such as Eureka Springs in Carroll County in the Ozark Mountains. Because of the new ease of travel, it became a prime “tourist destination,” where tourism would not have been viable before. It is considered a very unique and eclectic town, home to artists and novelists, the devoutly religious, the old-fashioned, and the progressive.
Perhaps Eureka Springs serves as a microcosm of the state at large because no matter which way you pronounce it, Arkansas has abundant diversity: of opinions, of tribal history, of struggles, and of people.
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For the best in Arkansas real estate, visit Remax Arkansas (http://www.remax-arkansas.com/arkansas-real-estate.aspx) for your property needs. Whether it’s existing homes, new construction, commercial property, or land for sale, they are the leading professionals. Art Gib is a freelance writer.
Real Estate Consulting - Navigating Your Way To Success
By Peter Vekselman
Just as a captain of a ship needs its navigator, real estate investors need a real estate consultant. A consultant is someone who can fill in the gaps and concentrate on the details along the journey of your real estate investments. It is just as foolish to embark on a real estate investment venture without proper real estate consulting as it would be to try to cross the sea in a ship without a navigator.
In a world of housing turmoil, new opportunities are flows in the shadows of despair. But how do you know where to look for these opportunities? How do you protect yourself from the traps and scams. How do you read a market that has been turned upside down?
Metropolitans such as Atlanta, GA., where the housing market once boomed to extraordinary heights. However, after the housing bubble burst, foreclosures skyrocketed to the top of the charts. 40% of Atlanta foreclosures are of investments by novices who jump at the chance to profit on rising home values. Investors using consultants were greatly able to avoid the collapse of the industry and continue to find great profits in specified neighborhoods.
Investors who did not use real estate consultants were tossed overboard into the storm. While some investors lost a great deal of money when the bubble did burst, others were fine because they had proper consultation that understood the real estate trends.
This is where a real estate consultant comes in to help shed light on a dark, but rich industry. You need A qualified consultant or consulting team can listen to where you want to find yourself and map out a plan to take you there. Someone who knows the advantages of REOs and can direct you to which doors to open.
An experience consultant who knows the ins and outs of tax sales, asset protection, and can select the winners for you, also a team that research new ideas for you and assist in developing a disciplinary plan. A great part of the cost of home building is materials and you need to know the changes in the market.
Consultants can extend there services to you as property management, multi-housing construction, corporate strategy issues, and overseas development.
Take advantage of added experience, expertise, education, and evaluations. Consultants can open your horizons to expand your dreams. Take a partner who has the talents you might either be missing or do not have the time to pursue. Find a solid consultant who can act as an instrument in your ventures.
Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management
company. To learn more about Peter please visit
http://www.coachingbypeter.com.
Your Source For Information On Investment Property Experts
Real Estate Training - Why Train?
By Peter Vekselman
To train or not to Train? This is a question answered in today’s economy. Real estate training is just like any other type of training. You need to be prepared for what often amounts to a battle of wits in the real estate game. It does not make sense not to have some sort of real estate training before embarking on real estate ventures.
As the housing market spreads its virus into other areas of our economy, we see the importance of proper training in the real estate market. Investors make up about 30% of all foreclosures in America. This is greatly due to the increase in people getting into the business of real estate investing.
A lucrative business in real estate is very possible, especially now. As the misfortune of people losing their homes continues, so does the opportunity to buy at inexpensive prices. It is truly a buyer’s market; however, there is still much to learn about the buying process.
Where do you buy and why? Will the home need major repairs? How much will repairs cost? What kind of mortgage should you get? Should I get a mortgage? How much am I saving on the actual value? What is the actual value? The list of question a person needs to know goes on and on.
For years, experts have been pointing to risky avenues to profit on real estate and for the most part, their views were inline with real estate investing; however, too often they specialize in one or two areas and leave voids in their lessons. The problem here is that in order to be a successful real estate investor, you must have a full view of all aspects of the business. While real estate investing is lucrative, it is not to be mistaken for an easy ride.
If you are going to get into real estate investing, and it would be a great time to do so, then I suggest that you find a trainer that knows the full gambit. This does not mean he has to be an expert at it all, but have a solid understanding in all aspects. You must be afraid of trainers that say, well, I let my partner take care of that part of our investing. Another line to run from is, I don’t even care about that part, as long as I can do this.
So, do your homework on the trainer before you sign up, but by all means, get trained.
Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management
company. To learn more about Peter please visit
http://www.coachingbypeter.com.










