mortgage: New website for realtors and investors to meet and talk about commercial investment information.
- 07/23/08 09:15 AM
Visit http://www.propertycow.com/ for more information. Property Cow is a commercial property investor resource for finding commercial real estate information. Find an online database of commercial real estate professionals and properties for sale and lease - entered by owners and agents. Check out our Forums. Ask Questions. Get Answers Become a Free Member. View news and create a Blogs. Join a Live Chat. Property Cow® has live chat seminars, free resources, tools, investment property listings, forums, news, articles, agent and broker pages and more! There are many ways to learn about real estate investing. Property Cow® was created to help beginner and advanced investors network, make deals, and learn to invest … (7 comments)
mortgage: Glossary of Mortgage Loan Terms
- 01/09/08 02:13 AM
Acceleration ClauseA provision in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed.Adjustable Rate Mortgage (ARM)A mortgage whose interest rate changes over time based on an index and a margin. Rate changes are made at prescribed times and within prescribed limits (caps) as defined in the mortgage contract.Adjustment IntervalOn an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, typically one, three or five years, depending on the index.AmortizationThe gradual repayment of a mortgage by installments.Annual Percentage Rate (A.P.R.)The interest rate reflecting the … (0 comments)
mortgage: Investing in real estate properties
- 11/07/07 12:36 AM
Investing in real estate properties is one of the highest yielding investments that a business person can make. If you have money to invest, it is good to invest in different and multiple properties. However, managing your properties is a handful of task. It may include the collection of rent, repairs, payment of taxes and other miscellaneous tasks. In addition, you are also obliged to keep track of these in your accounting books. Managing this yourself is not easy neither it is practical. It is more practical and reasonable to seek a property management company that can help you with all … (0 comments)
mortgage: Los Angeles Retail Storefront for Lease
- 11/05/07 08:00 PM
Los Angles RetailType: RetailAgent: Cyndy SujaritCompany: Prudential CA Realty1047 W Gardena Blvd.City: GardenaState: CAPostcode: 90247Price:USD $ 649,000Featured: YesFull Text: Property Use Type: Investment Primary Type: Retail Free Standing Bldg Building Size: 3,000 SF Lot Size: 3,000 SF Price: $649,000 Price/SF: $216.33 Property Description: Excellent location on busy Gardena Blvd. Great investment oppurtunity. This building is currently being used as a shoe, leather goods and clothing store. Offering: 3,000 sq. ft. has alley access through back of building. Back of building can be used as a warehouse, much room for storage. Current business owner is on a month by month rental agreement … (1 comments)
mortgage: Loan-to-cost ratio
- 11/03/07 05:20 PM
The first and most important underwriting test is the loan-to-cost ratio. You should add the acquisition cost to the cost of the improvements, any future leasing commissions, any legal fees, any entitlement fees, the financing costs, an interest reserve, and a contingency reserve of about 5% of the total project cost. Together these figures will equal the total cost of the project. … (0 comments)
mortgage: You need a Income Buffer, Passive Income, or Nest Egg
- 10/22/07 12:37 PM
What often kills new real estate practitioners is the concept of lag time. When you sell a house, you typically don't get paid when the contract is accepted. The average contract is written for 45 days. In a perfect world, you would get your commission check 45 days from the date it was accepted. In the real world, you don't always get paid on time. What could go wrong? Maybe someone forgets to order the title, water certification, village inspection, pay-off letter, survey, termite inspection, or income verification. If you're in a hot market, the title company could be backed up … (4 comments)
mortgage: Craft Your Marketing Message to Prospects' Concerns.
- 10/22/07 12:35 PM
If you base your marketing strategy on assumptions about what your prospects want from you, you could be wasting money. The NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers provides insights into what really matters to the typical buyer and seller. For example, it may not be wise to using marketing dollars to promote your resume; according to the survey, the average homebuyer or seller doesn't care about your accomplishments. What they do care about is your ability to help them find the right house, negotiate skillfully, and manage the paperwork. Your marketing should target their concerns. … (3 comments)
mortgage: Purchasing Equipment as a Business Entity
- 10/22/07 12:34 PM
Many real estate professionals purchase their laptops, digital cameras, or PDAs as consumers. This is a big mistake. If the technology breaks or you need help with the device, you will be sent to consumer purgatory, also known customer support. When you call customer support as a consumer, expect to waste at least an hour of your day. This purgatory is completely avoidable and unnecessary. The next time you purchase equipment, buy it as a business entity. You can do this by stating that you are a business when you purchase the equipment in-store, choosing the business ordering option online, or … (3 comments)
mortgage: Maximize Your Productivity.
- 10/22/07 12:33 PM
If you look at top-producing real estate professionals who are selling 600-plus units a year, you will notice that they have two things in common: assistants and systems. These practitioners are multiplying their efforts and increasing their output through people and technology. According to the NATIONAL ASSOCIATION OF REALTORS® Member Profile, real estate practitioners who used at least one personal assistant had a significantly higher sales volume than those who didn't. You may erroneously think that you can't afford a personal assistant. But think again. If you can significantly increase your income by increasing your efficiency and the number of transactions … (2 comments)
mortgage: Use Resources Available to You
- 10/22/07 12:31 PM
Even if you're new to the industry, you don't have to recreate the wheel. Take advantage of all the resources that are around you - from your brokerage, your colleagues, and professional organizations. Find top performers in your market or other markets and ask them to mentor you. Read each issue of REALTOR® Magazine and use all the resources available at REALTOR® Magazine Online. Each issue of REALTOR® Magazine is packed with tips from successful practitioners or trainers on how you can become more successful. … (0 comments)
mortgage: New Agents - Get a Business or Marketing Plan together
- 10/22/07 12:30 PM
If you went into business for yourself and approached a bank for a business loan, your loan officer would want to see two things: 1) your income statement and 2) your business plan. Well, when you go into real estate sales, you are going into business for yourself. But many salespeople have no clear goals or timeline for achieving their goals. Consistently, real estate professionals who have a written business plan are more successful than people who don't. If you don't know where to start, you can copy a sample real estate business plan from Palo Alto Software Inc.'s Business Plan … (2 comments)
mortgage: The Benefits of Using A Realtor To Help You Buy Your Home
- 08/21/07 03:16 PM
Is it possible to go out and buy a home on your own without the assistance of a professional realtor? Sure. But it’s not a good idea. Using a realtor to help in buying your home will make the entire process easier and will help to make sure that you get the best deal on your own and that all of the legal issues involved in home buying are taken care. Still not convinced? Just take a look at some of the basic benefits of using a realtor to help you buy your home: · A realtor can significantly narrow down the … (1 comments)
mortgage: An instant office is an all inclusive set up for business owners
- 08/21/07 03:14 PM
An instant office is an all inclusive set up for business owners and there are many locations throughout the New York area. Office rents in New York can be high - very high. Just looking at attractive buildings in Manhattan, Queens and Long Island will show you that. It is not only the high rent that is an issue. Many companies find the long term leases and utility accounts to be just as unattractive and expensive. Normally the solution for a small business would be to work out of a home office. The issue there can be difficult. Whether it is trying … (0 comments)
mortgage: Commercial Real Estate - Learn To Profit from The Two-Step Purchase Offer Process
- 08/21/07 03:10 PM
A commercial real estate purchase offer requires a two step process that includes a Letter of Intent followed by a Purchase and Sale Agreement. The importance of this two step process should not be underestimated because the non-binding Letter of Intent is quick, efficient and lays the foundation, for the lengthy legally binding Purchase and Sale Agreement. The Letter of Intent begins your offer and is a concise, straightforward document that should be easy to understand and contains specific information spelling out the basic terms of the agreement you want the seller to read without feeling the urge to involve legal counsel. … (0 comments)
mortgage: New Commercial Equity Loan Creates Liquidity
- 08/21/07 03:06 PM
Commercial building owners have struggled for decades on how to effectively and economically tap their commercial property's equity. This lack of liquidity seems to be one of the biggest complaints in commercial real estate ownership; equity rich, cash poor, as the saying goes. There are a few new options however for the small commercial property owners (both investors and users) that are turning heads. Historically, accessibility to commercial equity via loan products has been very limited, and for good reason. Second lien position behind a separate financial institution is one of the riskiest positions for a commercial lender to be in. However, in … (0 comments)
mortgage: Value Adding Renovations for Your Home
- 07/13/07 03:11 AM
Many home owners are presented with the possibility of doing a few renovations to their home before the home is listed for sale. The usual point in this exercise is to increase the value and thus the asking price of the home. The idea in itself is a sound one and one that bears much merit, if done correctly. The first thing that should be pointed out is repairing broken or faulty things should never be considered a value adding fix. That is just making the home sell able in the first place. The value comes in adding things that improve … (1 comments)
mortgage: You Should be Buying NOT Renting!
- 07/13/07 03:06 AM
Taking the leap from renting real estate to buying a home is a lot like making the move from dating to getting married. The time, quality, and financial commitment increase ten-fold. First-time homebuyers are often shocked at the amount of time, energy, and money that goes into maintaining their first real estate investment. So if you are making your first real estate purchase, you need to know this; buying and renting real estate are completely different experiences. You need to know what sort of routine home maintenance you will need to do, and how it will affect the value and condition … (0 comments)
mortgage: Better Value in Slower Real Estate Markets
- 07/13/07 03:03 AM
As we have recently seen the national housing market has been slowing down after a long period of extreme activity. During this period we saw home values climb higher than ever before and there were so many buyers in the market that often there was stiff competition for what homes were available. This caused builders to go into overdrive, developing homes at a rate never before seen and again this increased home values as there were even enough buyers to keep up with the builders. Unfortunately many of those buyers were receiving sub-prime loans that ended up in foreclosure when the … (1 comments)
mortgage: Successful Real Estate Investing - 7 Secrets
- 07/13/07 03:00 AM
There are typically two types of real estate investors. Let's call the first type a "true investor" and the second type the "expert investor". The true investor will typically have several completed transactions and no matter how many deals they have completed, they are still listening, learning and trying to gain knowledge. Your expert investor has yet to purchase an investment property. They don't understand the difficulties of making a real estate investment yet attempt to overwhelm others with their vast knowledge attained at last weekends' seminar. When what they need to do is listen and learn. Being a successful real … (1 comments)
mortgage: 10 tips for investing on distressed or foreclosed properties
- 05/06/07 08:17 PM
10 tips for investing on distressed or foreclosed properties You may be successful at searching the web on your own, but keep in mind some of the information is outdated, some may be incorrect, and some of the available properties are not even listed. A REALTOR subscribes to updated MLS listings and can offer you the most current information available. … (1 comments)
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