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Iraq gets its first luxury property development |
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Written by Administrator
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Monday, 07 July 2008 11:40 |
It might not be everyone's idea of the perfect place to invest but Iraq is entering the luxury property market. |
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Dubai Expo puts facilities management at top of property development agenda in the Middle East |
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Written by Administrator
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Monday, 07 July 2008 11:40 |
Developers who fail to invest in professional property maintenance suffer in the same way as motorists who take their cars to cheap back street garages, it is claimed. |
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Understanding Appreciation |
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Written by Steve Cook
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Thursday, 03 July 2008 09:43 |
For the last few years, most places in the country have been experiencing tremendous appreciation in the values of real estate. For the longest time I talked about how my house went up in value and, daily, I hear many others talk about how their homes have appreciated in value. Well, I have news for you, houses do not appreciate in value. Yes, you heard me correctly. Houses do not appreciate in value. You probably think I’m crazy, but let me explain. At the moment, I happen to live in one of the hottest real estate markets in the entire country. While there are many people out there clamoring for deals, I’m passing on deals. While others think the market is drying up, I’m still finding more then I want to deal with. How can this be, you ask?
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The Average Appraisal and the Flip |
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Written by David Whisnant
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Thursday, 03 July 2008 09:42 |
One of the strategies that is in almost every real estate course involves finding a torn-up and ugly property at a cheap price, pay someone $300 to clean out the personal belongings of the prior owners (if you even do that much), and then resell it to a homeowner as a "fixer-upper" with little or no work. This type of deal seems to benefit everyone. You get a nice quick profit, and your buyer gets the house for a good price.
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The Art of the Residential CMA |
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Written by Nancy Chadwick
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Thursday, 03 July 2008 09:41 |
If it’s done correctly, a Comparative Market Analysis (CMA) can be the next best thing to an appraisal in approximating the value of a property. The purpose of the CMA is to analyze data from properties similar to the subject that have sold recently in order to project the realistic price at which the subject property would sell. RE agents and brokers tend to develop their own methodologies for doing CMA’s. I’m not an appraiser, but what I’ve always done is make upward and downward adjustments to the projected value of the subject based on features and characteristics of the comparables I use. Admittedly, these are subjective, and some are based on “gut” feelings while other adjustments come about through rules of thumb I have developed from experience. But putting a value on real estate is an inexact science at best, and this methodology has worked pretty well for me over the years in CMA’g residential properties. I use a completely different method for projecting the value of land and property with residential development potential.
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Last Updated on Thursday, 03 July 2008 09:43 |
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Written by Nancy Chadwick
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Thursday, 03 July 2008 09:40 |
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How Builders Evaluate Land
Some builders search for property strictly by geographic area. Others search for parcels that would enable them to reach particular buyer sub-markets (housing type, price range, lifestyle, age group). Either way, builders begin the investigation by casting the net into their areas of markets of choice and sifting through potential acquisition candidates. They have to pick through dozens of properties before they find one they think they can develop profitably. Sometimes they can tell quickly if a property is worth pursuing further. More often, however, they don't know this until they spend varying amounts of time, effort and money collecting information about a site. In either case, their investigation focuses on obtaining answers to five fundamental but critical questions: What can I build? How many can I build? What can I sell them for? How long will it take to sell them? What are the costs?
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How to Beat the Tenant Game |
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Written by Scott Britton
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Thursday, 03 July 2008 08:51 |
"Single Family Houses are hard to beat when it comes to investment vehicles. There is, however, one small problem called Tenants. While most Tenants are good, it only takes one bad apple to completely disrupt your life. From plunging toilets to eviction court, there has to be a better way. And there is... read on!"
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Last Updated on Thursday, 03 July 2008 09:12 |
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How to Be An Investor Without Becoming A Landlord |
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Written by Peter Conti
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Thursday, 03 July 2008 08:50 |
I spent the first few years of my investing career finding and buying properties that I could get into for little or nothing down. Many of these properties had been neglected by the owners and were in desperate need of fix-up and repair. I was able to increase the value of these older properties by doing several things:
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Last Updated on Thursday, 03 July 2008 09:08 |
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Common Sense Mortgage Tips |
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Written by Bill Bronchick
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Thursday, 03 July 2008 08:48 |
Your Own Real Estate Is Your Best Investment
You probably have heard the concept of making extra principal payments to reduce interest and payoff your mortgage early. The concept may be simple, but it is often overlooked and rarely practiced. A typical promissory note amounts to incredible interest over thirty years. For example, on a thirty year $100,000 loan at 9%, you will pay over $189,000 in interest.
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Last Updated on Thursday, 03 July 2008 09:09 |
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Collecting Money Owed by a Tenant |
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Written by Bill Bronchick
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Thursday, 03 July 2008 08:47 |
Did you ever have to evict a tenant for non-payment of rent, then get stiffed for the bill? You may be able to collect what is owed to you, even years later.
First, you need a court-ordered money judgment. If you filed for an eviction in court, you received a judgment and order of possession. The actual name of this court order may change slightly from state to state, but it's the same thing - a document signed by a judge that permits a local sheriff or constable to forcibly remove the tenants from the property. In most states you can also get a money judgment against the tenant, but this requires one of two things:
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Last Updated on Thursday, 03 July 2008 09:08 |
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