The #1 Golden Key to Killer Commercial Real Estate Deals

In real estate, investors want to create the best environment possible when it comes to dealing with their properties. As an investor, you want what is best for your pocketbook in the very end and the best real estate deals are made in the shortest amount of time possible with the least bit of money paid out of your pocketbook in the end. Investors share secret after secret, many of them wondering what the #1 golden key to killer commercial real estate deals is that some investors seem to have and others do not. What is this golden key that seals killer deal after killer deal every year It is nothing more than a motivated seller.

What Is a Motivated Seller
A motivated seller is just what it sounds like–a person who is ready and able to get the deal closed as soon and efficiently as possible. The reasons why a seller is so motivated are not important, as long as the seller is really and truly motivated to get the deal closed as soon as possible.

Sellers have a variety of reasons that they might be anxious to get a particular deal closed, but the main ones have to do with monetary gain or other personal, vested interest in a particular property. As an investor, when you have a motivated seller on your hands, they are much less difficult to sell certain terms and requirements of a sale to, and they are looking for less specifics when it comes to buyers. Motivated sellers are looking to get their property off of the market and into the hands of an equally motivated investor like yourself as soon as possible, making it as time sensitive, not to mention cost effective, as it could ever be.

What Are the Differences Between Motivated and Non-Motivated Sellers
The opposite of a motivated seller is a person who is looking to get a specific dollar amount or other benefit out of a sale, and chances are that they probably won’t sway much from that. Deals that are made with non-motivated sellers usually cost more and take more time to finalize, which isn’t always the best deal for people who invest in real estate properties as a matter of survival or income.

There are a whole slue of advantages to using a motivated seller that many, especially the more novice, real estate investors are not always quick to realize. First of all, motivated sellers are much more quick to respond to all types of communications. Phone calls, faxes, emails, snail mail letters–these are all ways that investors and sellers can use to communicate with one another, but they don’t do anybody any good going unanswered. Motivated sellers are much more apt to be responsive to communications and doing anything that might speed up the process a bit.

As a real estate investor you have probably come across those properties that are just way overpriced; this can happen for a variety of reasons whether it be due to an extremely enlarged ego or an overestimated appraisal. Either way, non-motivated sellers are not always willing to do anything but stand firm on their price and their terms. This isn’t necessarily a bad thing, but real estate investors are usually not willing to deal with particularly difficult or stubborn sellers.

What Are the Advantages of Using a Motivated Seller
There are a whole variety of benefits to using a motivated seller. Motivated sellers and eager buyers go hand-in-hand, making for a smoother business transaction and a much better deal for everybody involved. Who cares if your seller is motivated because he has some ulterior motive When it comes to business transactions, everybody has motives and they are usually financial, but the same goes for you as the investor.

There are some sellers that are not always interested in making the most money out of a real estate deal as they possibly can. They may have other things that motivate them, like the need to get any amount of money out of the transaction as soon as possible or getting the property off of their hands for tax reasons or any other reasons. Motivated sellers are more flexible in every way possible. They make things much easier on everyone, offering much more attractive terms and even flexible pricing options and financing options than non-motivated sellers.

Motivated sellers and interested buyers go hand-in-hand, and matching up the two is an efficient and effective way of getting properties sold and into the hands of the right people. In this sense, the motivated seller and buyer combination are truly the #1 golden key to landing killer real estate deals every time.

Secured loans The best choice while making an expensive purchase

Getting a secured loan have become a regular task for most peoples for them to achive their goals.
Whenever purchasing a home, new vehicle, property or anything which is expensive, the best thing need to be done is to get a loan. Secured loan is a type of loan which is considered frequently in term of loans.

Secured loans are most convenient and cost effective deals for homeowners as well as other peoples who are going to make some expensive purchases. The reason of success for this type of loan is because the loan amount associated with it is quite big so borrowers generally get out this type of loan for all of their major expenses.

Advantages of Getting a Secured Loan

Secured loans can give you many benefits such as…

If you need to make a quick and fast purchase you may need to get a loan quickly, then you can get a quick approval of secured loans based on your property ownership. You can get them very quickly, in most cases secured loans can be completed within two weeks time.

The second benefit of secured loans is that you will have a lower interest rate.

You can have an extended period of repayment for your loan.

In most cases, there is no set up fees or any legal cost for you to pay for a secured loan.

The problems with secured loans.

Usually when you apply for a secured loan, the lender will use your house as an asset. So definite if you fail to make your repayments for the loan, then the lender will have the contractual right to seize the asset.
So the biggest problem with secured loans is the risk for you to lose your property if you are not able to make any repayment for your acquired loan.

Consideration…

Secured loans are the best choice for you while making any bigger expense and when you need a quick loan. But you should always be careful that you should not apply for secured loan if you think you are not able to make repayments in future. Because if you don’t make repayments, you’ll lose your property or any asset for which you will get secured loan.

Savings on Real Estate Through Foreclosed Homes

There are some great properties out there on the market these days, unfortunately, there are also some really high prices. Buying on the open market can make it truly difficult to find good values, especially if you’re a first-time homebuyer, or an investor looking for a home with the best chance for profits. However, there is one type of property that still offers great potential for savings, and that’s foreclosed homes.

A foreclosed home is a property that is on sale from a mortgage lender as a result of a previous owner’s default on their home mortgage payments. In order to correct the default, the lender in most cases will seek to take control of the property and arrange to sell it through a public auction or sale. However, the interesting part of this process for buyers and investors is that most of the time, these unique properties are sold for well below their true market value at auctions. Since the lender only really needs to collect the remaining loan debt owed and not its full amount in order to completely recover the loan provided, many will allow foreclosed properties to be sold for well below what they are actually worth. This encourages buyers, and in turn allows the lender to recover the loan more quickly.

These days, more and more foreclosed homes for sale are popping up all over the country as well. Over the past few years, the rate of foreclosure in the United States has been steadily on the rise, which has led to a huge increase in the national inventory of distressed properties. What this means is that in many areas the market is flooded, and prices are being driven down even further. Anyone can learn to take advantage of this incredibly fortuitous time for real estate investment, but you have to know how to get started and how to properly pursue the right homes.

Usually, the best way to find these deals is to get your hands on a foreclosed homes list, which is like a guide to properties currently available in areas across the country. Traditionally, people have gone to banks, government agencies like the Department of Housing and Urban Development, and other private lending institutions. However, nowadays there are many businesses that specialize in gathering information on foreclosed home listing availabilities for you.

The trick is to be able to compare all listings and pick the best opportunities for savings. Be sure to carefully consider all of the values associated with buying a new property, such as the home’s estimated market value, any costs for repairs or legal fees that will factor into your purchase, and finally the amount you hope to win the property for based on these figures. Remember, don’t let the amount of you bid exceed the difference between the costs of buying the home and its actual market value, otherwise you negate your savings, which is the point of buying foreclosed homes.

Also, be sure to look at your options in terms of what types of properties you should buy. Bank foreclosed homes can be a great, low stress way for beginners to buy homes through this method, while government properties may offer a better chance for savings for those with more experience. No matter what, always keep your eyes out for good deals, and don’t be afraid to wait for the right property to come along. Too many buyers make the mistake of jumping on the first property to come along, and end up less satisfied with the deals they get. Wait for the right sale, and you’re sure to be pleased with your savings.

Real Estate Investment Home equity loans versus refinancing

There are many options for making use of your home equity value when thinking of building your property portfolio. These include loans such as home equity loans, refinancing your mortgage and many others. By far the most tested and used options are the two that we have highlighted. You have to carefully investigate these options and evaluate their benefits to you. Choose the option that is less stressful on your pocket and that offers you the best and easiest repayment terms when all factors are considered.

Home equity loans are loans that leave you with two loans to pay rather than one loan overall. They give you a separate loan on the home equity that you have available. They do not reduce the interest rates on your present mortgage nor do they reduce your mortgage payments. This means that you should be very careful that you can handle the additional burden. You also do not increase the length of your mortgage and are therefore obligated to repay the mortgage in the same time period as previous.

The option is yours to decide whether you can handle the burden of the two loans and the time frame. It is however not always the case that this is possible. It is often an easier option to free the equity in your home by refinancing your present mortgage and even possibly reducing the monthly repayments at the same time by giving you more time to pay. This may be the best option if you know that your budget will be tight.

The refinancing of the present mortgage that you have can even reap other benefits to you such as lower interest rates and of course the fact that you are able to get the cash for your start up into real estate investment and building out your property portfolio. With the right investment you will be able to handle the repayment of your mortgage in no time and you will be braced to succeed in the real estate race to riches.

It is important that you carefully assess your financial situation and determine whether you are financially able to repay the mortgage as it is your home that is being put at risk. Your decisions as to how to free up the equity in your home and refinance should be based on a clear understanding of the type of refinancing that will best accomplish your task without stretching you beyond your resources. You will be able to maintain your current lifestyle while progressing with your investment portfolio.

There are other refinancing options available on the market today that will accomplish the same goal but may or may not suit your requirements better. There is a means of freeing home equity known as cash out refinancing. This should also be considered in collaboration with home equity refinancing. Read on how to go about refinancing for your real estate investment, its benefits and the factors to consider when venturing into this type of transaction.

Pros and Cons of Buying Pre-Foreclosures

Pre-foreclosures are an excellent opportunity for investors to buy a home at a deeply discounted price. When investing in a pre-foreclosure home, you will work directly with the homeowner. You not only save the homeowners from being foreclosed on and hurting their credit, but you also get a great invest property while maintaining the property’s value.

A pre-foreclosure is a home that is in the process of being foreclosed on or being taken back by the bank. The bank begins foreclose proceedings due to the fact the homeowner is behind on payments. After the bank has initiated a foreclosure on a particular piece of property, the house can be purchased up to the day of the actual foreclosure auction.

Since it is no secret just how profitable purchasing a pre-foreclosure home can be, expect that there will be some competition. Searching for homes that are in pre-foreclosure can be extremely time consuming. If there are liens currently on the property, you will need to negotiate these before purchasing the property.

When looking to purchase a pre-foreclosure home, the first step is to actually locate a homeowner that is in default of their loan. You can access records and notices through local newspapers that generally advertise foreclosure notices, through a foreclosure service and through the county courthouse.

After you have found a piece of property that is in foreclosure, the next step is evaluating the property and determining its potential. When going into this, you will already know that default amount. However, you must then try to determine the property’s market value. In order to determine the gross equity of the property, deduct the default amount from the market value of the property. If there is only a small difference or none at all, you will want to pick another property for investing. If there is a large enough difference, then there is potential there to make a sizeable profit on the property.

Contacting the actual homeowner may be easier said than done. Chances are the homeowner is being inundated with phone calls and letters from bill collectors, creditors and possibly even from attorneys Since the only possible means of contacting the homeowner is through mail, in person or by phone, chances are you will have some difficulty connecting with the homeowner.

When looking to make a connection with the homeowner, begin by sending him or her a letter. In your letter, explain that you are a private investor who is looking to purchase property in that part of town. Inform the homeowner that you could possibly help him or her with the financial troubles they have encountered.

Showing compassion for the homeowner’s unfortunate circumstances may help you with your desire to purchase the property. Let the homeowner know that you have the potential to help stop the foreclosure, save his or her credit rating, as well as supply them with cash to help in paying their bills andor possibly relocating to a different home or area.

When looking to purchase a pre-foreclosure home, be sure that you act in a professional manner in all of your correspondence. Give the homeowner several weeks to contact you. If after that time you still have not heard from him or her, try sending a follow letter.

If possible, you can also follow up with phone calls. Always be extremely courteous and no matter what, never be pushy. If you are able to connect with the homeowner over the phone and have determined that you can indeed help out, then you can ask to set up a face-to-face meeting.

After the homeowner has agreed to meet with you, it is important to get a clear assessment of his or her situation. For instance, does the homeowner simply need cash Or are they waiting for someone to bail them out If they don’t get exactly what they want, are they willing to file bankruptcy These are all important questions that need to be answered.

Take the time to review any mortgage and loan documents. Confirm the exact loan amount, as well as the monthly payments, the current interest rate and any taxes associated with the property. Check with the homeowner to see if there are any judgments or liens currently against the property.

It is important that you inspect the home before making an offer. This will allow you to estimate any repairs that need to be made. Since you are looking to make a profit on the home, you will want to make sure that any repair costs will not severely cut into your profit. After you have inspected the property and feel it is something you would like to invest in, you can then make the homeowner an offer.

When estimating the potential profit, it is important to include any and all costs associated with the home. Things you should include in your estimate are, closing costs, carrying costs for the home, repairs that need to be made, as well as if any liens need to be paid off. Keep in mind, that when it is all said and done, you want to make a profit.

Before making an offer on the home, locate a lawyer that has experience with real estate purchases. The terms and conditions of the purchase must be clearly stated in writing. This will then eliminate any confusion or possible problems that could arise later down the road. When closing on the property, ask that your lawyer be present.

At the time of closing, you will need to present all of your paperwork. If there was a lien on the property, a Release of Lien statement will need to be recorded at the closing or just before closing. If you are simply going to take over the current loan, be sure you have contacted the lender and they have stopped the foreclosure process.

If everything goes as planned, you are now the owner of an investment property. You can then begin to make any necessary repairs with the intent of quickly putting the home back on the market. The longer you hold onto the home, the more your carrying costs will be. Therefore, it is important to quickly get in and out.

As you can clearly see, there is a lot involved in buying a pre-foreclosure home. There are a lot of pros as well as some cons associated with the purchase. But in the end, if you do your homework on the property and take all of the proper measures, purchasing a pre-foreclosure home can become a great investment with the potential to make you a considerable amount of money.

Porcelain tiles – the modernity that will last a lifetime

The ground beneath our feet has always been an important element in the attitude we adopt toward life. Ceramic and porcelain tiles, although used in buildings for long centuries, are also one of the best choices for pavement covering, due to their unique properties and to the ability of modern industry to adjust them to the changing fashion of the contemporary architecture.

Nowadays, comfort is not a feature limited to one’s household. The continuously developing demands of the customers on a moving economic market imposed a new look on the architecture of companies and public spaces. A piece of ceramic tile can support a wide range of manufacturing manipulations in order to respond to the new demands on the market.

People should feel at ease everywhere, and the specificity of each place is a way to attract customers and to pass on them their marketing messages. Therefore, every component of the building benefits from the same attention from the part of the architect, and the first impression one has when entering a building has very much to do with the welcoming offered by the pavement.

The construction industry reached a consensus regarding the qualities of one item of ceramic tile that makes it the best choice for the common use. The main reason to choose this material consists in their durability. It takes very high temperatures to manufacture a piece of ceramic tile, which gives it high density, reducing the impurities and the air quantity contained, and diminishing the risk of cracking.

The same qualities are available for porcelain tiles, only that the latter exceed the former in their thickness, which makes them more suitable for outdoor use. This is particularly true for those that have a water absorption rate below 3%. According to the needs, one can choose different types of tiles, keeping in mind that the temperature of the furnace while manufacturing the tiles, their colors, and their glaze affect their thickness.

Porcelain tiles could help you decorate your house according to your artistic tastes, as they come in a wide range of colours and patterns, while also offering technical advantages. If you look for an atypical atmosphere, you can have tiles with irregular patterns that make them seem to be handmade. The entrance of your house is the first element in your visiting card. For the outdoor use, unglazed porcelain tiles are preferable, as they are slip-resistant in the winter. In addition, you can easily find matching colours for the entrance tiles with the ones in the entrance hallway, giving the visitor a pleasant and harmonious welcome.

Moreover, the color of porcelain tiles does not fade in time when exposed to sunlight or artificial light. This type of tiles is also highly hygienic, since they do not retain odors, liquids, or smoke. In addition, they resist to fire, which makes them the best choice for someone who is interested in the safety of his own house.

To what concerns the cleaning part, which is the most disagreeable part of house maintenance, this is very simple for the such tiles, since they do not need special treatment, as it is the case with the tiles made from natural stones. You should only keep in mind not to use soap on a piece of ceramic tile because it tarnishes its aspect and favors the appearance of mildew. Moreover, from the environmental point of view, the materials used for such tiles are 100% natural.

Porcelain tiles are suitable not only for house buildings, but also for the architecture of wide spaces open to the public, like hospitals, airports, malls, etc. They have a very good resistance to strikes, are easy to maintain, resist fire, are impermeable to water, oil or grease, and do not conduct static electricity.

Overseas Off Plan Property avoid the rip off

International real estate investors are attracted to overseas property owing to the potential that it can offer in investment returns. One of the most profitable types of international real estate is off plan property. Some refer to this type of real estate as pre construction property which is bought at the planning stage. Buying a property before a brick has been laid does have its risks so how can an investor avoid these risks

Firstly it must be understood why builders want property investors to buy property at the planning stage. This is often to raise finance so that the project can actually start. They may be also testing the water to see how popular the project is to buyers. There will be a few that are trying to simply steal investment money by going bankrupt before a brick is laid or running off with investors money.

The rewards can be substantial off plan property is priced to sell and allows for instant equity to be made by investors. Many property investors will only invest in off plan property as it allows them to buy multiple units which are often discounted by the builders. Often developers will give reassurances that indicate the planned selling price of each unit on completion. Some off plan property developments do not even have planning permission. Profits here can be substantial but presents even more risk. The price of land is always cheaper without planning permission. Once permission has been granted the land is instantly worth more. This coupled with a building that is going up over time can make for a sound investment.

A builder that has constructed a few projects before and has experience can be a good indicator that a builder will forefill his obligations. Deposits that are held in an escrow account will always make investors feel more secure. Employing an independent lawyer to conduct due diligence for you is another option. Recently launched schemes such as the International Developer Information Pack (IDIP) can help protect those buying and selling off plan property by providing independent due diligence reports.

Questions to ask the developer or agent

1.What guarantees do I have that the developer would not go under or this project would not go under

2. Will my deposit be placed in an Escrow account

3. Tell me about the building company, what work have they done in the past

4. Has the builder secured planning permission and local permissions for the project

5. Are there any legal safeguards for foreign investors in the case of non-completion or poor construction work by the developer

6. If I decided to sell before completion of the project, would that be possible and would I be penalized in anyway

7. How easy is it to buy and sell property in this country 8. What if I decide to sell my (residencehotel suite)

9. Are there any other fees while the project is being built and what about after completion

10. What do you anticipate the rental income to be once the facility opens based on current rates at similar properties

11. What is the payment schedule

12. What happens if the building is delayed

13. What is the rental yield I can expect

14. What are the tax and inheritance implications

15. What is the buying process in this country