Investing in Condominiums – Pros and Cons

CondominiumsSo you are considering the purchase of a condominium. You want to know if this is a good idea for you. As with any type of home purchase there are good points and bad points. In this article we shall look at a few of each as they relate to owning a condo.

First of all you must decide if you really want to live in a condo for the rest of your life. If you have a large family and/or a lot of pets, a condo is NOT a good place for you. Remember a condominium is essentially an Continue reading “Investing in Condominiums – Pros and Cons”

Negotiating The Best Deal for Your Office Space

Office SpaceLeasing an office space for your business can be challenging if you have never done it before.

Leasing a new office space generally requires you to locate a handful of spaces that can work for your company and then measuring them against each other so that you can maximize your negotiating position. Even if there is one particular space you really want to lease, be mindful that the more options you have, the more leverage you maintain. Don’t get emotionally vested to any particular space early on and save yourself the Continue reading “Negotiating The Best Deal for Your Office Space”

Top 5 Ways to Save Energy at Home

Energy At Home1. Switch to Energy-efficient Lights and Fans

One of the most effective and simplest ways to reduce your energy bills is to switch over the lighting of your home to fluorescent bulbs. Skeptics have been raising concerns about the safe environmental disposal of these bulbs due to their mercury content. However, if you follow proper disposal instructions, this concern becomes addressed fully.

A single fluorescent bulb can produce light equivalent to an incandescent Continue reading “Top 5 Ways to Save Energy at Home”

What’s up?

Is Las Vegas real estate really a wonderful real estate investment option? Well, probably yes. With the population on the rise and the economic indicators signalling growth, one would assume that Las Vegas real estate should be on the cards of any real estate investor.  A lot of businesses are getting setup in Las Vegas. […]

Where Should I Invest In Real Estate

Investing in real estate is one of the few ways for the average person to gain wealth.  Can you become rich overnight?  Not very likely.  Real estate investing should be considered a long term strategy that can gain you tremendous amount of wealth over time but you must do your homework first.  The majority of people that are getting into the real estate investing market are simply purchasing a home in an area that they are familiar with and then wonder why they are not rich after a couple of years.

Do a search on the internet for real estate investing and you will find hundreds of ways to get rich quick through real estate investing.  And it’s true, if you are selling books, DVDs or real estate seminars you can become wealthy in a short period of time.  If you are investing in real estate it is just not going to happen without the proper up front research.

There are three main points you must consider before purchasing your first property and they are location, location, location.  This is a rather simplistic view of real estate investing but it has never been more true than today.  Thousands of people are getting into the real estate market, and yet many of the foreclosures in the market today are from non owner occupied homes.  This means that people that have purchased a vacation home or purchased a second home for investment purposes have gotten into financial trouble.  This Usually happens because they did not purchase that asset in the correct location at the correct time.  So the question is, how do you find the correct location to invest?

Any locations can be the correct location to invest in real estate as long as the timing is right.  There are four cycles of real estate investing and the cycles can run from 7 to 40 years depending the the intelligence of the local government .  These cycles are Buyers Stage 1, Buyers Stage 2, Sellers Stage 1 and Sellers Stage 2.

Buyers Stage 1 – strategy buy and hold.

1.  Oversupply of properties on the market.2.  Prices and rents are falling.3.  You will see a spike in the properties time on the market.4. Unemployment is at its highest.5.  New construction is overpriced and sales are stagnant.6.  Construction jobs are at an all time low.7.  Foreclosures are at its highest rate .8.  Investment properties are not being purchased or being purchased at a slow rate.

Buyers stage 1 is a declining market and you will need to shop around for a good investment because you do not know how low the market will go.  If the local government is not taking action at this point then the market turnaround will be delayed and more care will be needed taken.  Always purchase a new property with a lot of equity and a good cash flow to help minimize your risk.

Buyers Stage 2 – strategy buy and hold – also known as the Millionaire Maker.

1.  No new construction.2.  Demand for housing is increasing sharply.3.  Properties time on market is decreasing.4.  Rents and Prices for property are at its lowest.5.  Foreclosures are starting to decrease.6.  Job growth is increasing.7.  Rehabbers are purchasing an increasing number of properties.8.  Fewer properties are getting on the market.9.  Demand for properties is increasing because buyers are able to qualify at the low prices.

Buyers stage 2 only happens after the local government is starting to attract new business into the area.  For every one new job brought into the area three new jobs are created.  These newly created jobs are the butchers, bakers and candlestick makers.  In other words the support jobs that are needed to service the new people in the area.  I believe that the most important thing to watch for in this market is the job growth rate.  New people coming into the area will require housing which will drive up the price.  Your local economic adviser counsel is a good place to look.

Sellers Stage 1 – strategy buy and sell quickly.

1.  Demand for property is increasing.2.  The time on market for properties in decreasing.3.  Property taxes are on the rise.4.  Unemployment in decreasing.

Sellers stage 1 is a very risky time to be investing in property because you do not know how long before the sellers stage 2 will occur.  Be sure you know the signs of the next phase so you can get out of the market at the best time.

Sellers Stage 2 – strategy sell, sellArticle Search, sell.

1.  Supply of properties has sharply increased.2.  Time on market is increasing.3.  Construction of new homes is increasing.4.  New job growth is slowing.5.  New real estate investors are jumping in.6.  First time home buyers are increasing.

One of the ways to watch for new construction of new homes is to check with the local building permits department.  You will be able to pick up some good deal from the new first time real estate investors that jump in during the sellers stage 2 market.  Always do your home work prior to investing in real estate.

Starting Georgia real estate hunt with a real estate agent

Georgia is a wonderful place to live in. No wonder you have decided on picking up Georgia real estate for living-in or investing. Your Georgia real estate hunt can quite easily start with looking for the real estate prices (i.e. average prices) so as to gauge what kind of house and location will fit your budget. This is assuming that you have already estimated how much you can afford to spend on that Georgia real estate piece that you are so much after. With little effort you can easily find out the Georgia real estate prices. You can do this in a lot of different ways. One way is to directly give a call to a Georgia real estate agent and ask him about what kind of house you can get within your budget (if you are looking for Georgia real estate for investment purposes). In fact, a lot of people find it easier to just make a call to the real estate agent and get a grasp of the going prices for properties in any place let alone Georgia. Now, as mentioned above, if you are looking for Georgia real estate piece as an investment option, then you would start with checking out what you can get for your budget. However, if you are looking for Georgia real estate because you actually want to live in Georgia (and enjoy your life), then you would be better off starting with your most basic requirements from a house e.g. you could specify a 1 bedroom house or a condo or whatever, if that is the minimum space you would need to be able to live in comfortably with your partner or your family etc. If you cannot get that basic house in the location of your choice in Georgia, you might have to rethink and figure out other options (e.g. not going for Georgia real estate at all, or picking up a house at another location in Georgia, or waiting for some more time before you can actually own a Georgia real estate piece etc). So evaluation of affordability is important. Here, we are not saying that you should not evaluate the affordability factor if you are looking for Georgia real estate for living in and not investing. It’s just that you will need to pose the question differently to that Georgia real estate agent. In any case, you should never reveal your real budget to that Georgia real estate agent. Mention an amount that is lower than your real budget by 10-20% even if your Georgia real estate insists on what maximum you can spend. For a person who is looking at Georgia real estate as an investment avenue, the Georgia real estate agent is just a way to find out the going rateFeature Articles, he will have to use other real estate investing techniques to find the best deal. So your Georgia real estate hunt can easily start with just calling up a real estate broker.

Commercial real estate: The big profits

Real estate is often termed as the safest investment avenue. In fact, real estate investments done with proper evaluation of the property (and its true value), can lead to good profits. This is one reason why some people pursue real estate investment as their full time job. The talks of real estate are generally focussed towards residential real estate; commercial real estate seems to take a back seat. However, commercial real estate too is a good option for investing in real estate. Commercial real estate includes a lot of different kinds of properties. Most people relate commercial real estate with only office complexes or factories/ industrial units. However, that is not all of commercial real estate. There is more to commercial real estate. Health care centers, retail structures and warehouse are all good examples of commercial real estate. Even residential properties like apartments (or any property that consists of more than four residential units) are considered commercial real estate. In fact, such commercial real estate is much in demand. So, is commercial real estate really profitable? Well, if it were not profitable I would not have been writing about commercial real estate at all. So, commercial real estate is profitable for sure. The only thing with commercial real estate is that recognising the opportunity is a bit difficult as compared to residential real estate. But commercial real estate profits can be real big (in fact, much bigger than you would expect from residential real estate of the same proportion). You could take up commercial real estate for either reselling after appreciation or for renting out to, say, retailers. The commercial real estate development is in fact treated as the first sign for growth of residential real estate. Once you know of the possibility of significant commercial growth in the region (either due to tax breaks or whatever), you should start evaluating the potential for appreciation in the prices of commercial real estate and then go for it quickly (as soon as you find a good deal). And you must really work towards getting a good deal. If you find that commercial real estate, e.g. land, is available in big chunks which are too expensive for you to buy, you could look at forming a small investor group (with your friends) and buy it together (and split the profits later). In some cases e.g. when a retail boom is expected in a region, you might find it profitable to buy a property that you can convert into a warehouse for the purpose of renting to small businesses.So commercial real estate presents a whole plethora of investing opportunitiesScience Articles, you just need to grab it.

Real estate loan – Understanding the concept

Real estate loan is what a lot of people use to buy their home. Real estate loans have been instrumental in bringing joy to people by making that unaffordable house affordable. Some real estate investors too make use of real estate loans for buying properties. However, real estate loan is not free money and anyone who buys real estate or plans to buy real estate using real estate loan must understand the concept of real estate loan very clearly.

Real estate loan (also known as motgage ) is the money that you borrow from someone (a financial institution i.e. a motgage lender) for the purpose of buying a property. The real estate loan generally covers a part of your purchase price and the remaining portion has to be paid by you upfront i.e. as down payment. The amount (i.e. the percentage of total purchase price) that you have to pay as down payment is dependent on a number of factors and you can generally reduce it to even 5% by going for mortgage insurance.

FHAand VA loans (i.e. mortgage insurances through FHA and VA) reduce the down payment requirements on real estate loan even further. Whatever you borrow from the mortgage lender as real estate loan needs to be paid back to the mortgage lender over a period of time (and, of course, you will also need to pay appropriate interest on that real estate loan). The tenure of your real estate loan and the prevailing market rate will determine the amount of interest you pay for your real estate loan. Generally, you are required to pay back the real estate loan in the form of monthly instalments which are composed of both interest and principal portions of your real estate loan.

Also, there are various types of real estate loans e.g. fixed interest rate loans and adjustable interest rate loans. So depending on what type of real estate loan you have gone for, your monthly payments might either remain constant ( fixed rate ) for the full tenure of the loan or keep getting adjusted periodically (adjustable rate) on the basis of a financial index. Besides that, some other costs are also associated with real estate loans e.g. there are closing costs , inspection costs, attorney fee etc.

Also, in case the property needs some repairs, there will be costs associated with that too. Again, there is stamp duty and other taxes that you need to pay. So, reallyFree Articles, you need to understand the concept of real estate loans and the related costs clearly before you actually go for the real estate loan. And understanding these concepts is really not that tough.