Real estate is a big deal. And I must add that there are great chances for you to make a huge profit. I do feel that if you will pay proper attention towards real estate then you will definitely be able to make a huge profit in the field of real estate. All you have to do is to have the clear cut idea about the real estate and then implement it in reality.
I would like to add some key facts which you should really know if you want to grow your property portfolio. They are as follows:
1.Know the right property
This is really a very important point. I do feel that it is really important for you to know that which property is good for you to buy. I do feel that you will definitely find different kinds of properties but you will have to decide that which the most profitable one is. You will definitely find some properties to be more profitable than the other. However one thing is for sure that selecting the best property is really a challenge and I must say that you will definitely have to look through all the angles if you want to make the most out of it.
2.Foreclosure
Foreclosure is one of the method through which you can buy different properties very cheaply. I do feel that this is one of the terminologies which every person who is engaged with the foreclosure should know. The number of foreclosure is really very high in US. I must say that you will definitely find lots of advantages through foreclosure. For example if the property actually cost $300000 then you can buy the property at less than half the price through foreclosure.
3.Do your home work
I must say that you should really do your home work if you want to make a huge profit in the field of real estate. For example just take foreclosure. You cannot really do well with blind bids. You should definitely have in mind that what is the actual cost in the market of the property? You should keep it in your mind that you can buy the foreclosure properties at less than half the rate. Hence if somebody is biding more than that then you should let him only buy the property. Actually this happens when the buyer has some emotional linkage with the property or there is a rivalry between two buyers. But keep it in your mind that if you want to excel in real estate then it would be better if you keep a distance form any sort of rivalry and play the game with a cool mind.
These are some of the tips which will definitely help you in making a huge profit in the field of real estate.
Tuesday, March 31, 2009
Tuesday, March 24, 2009
Property Renovation UK
Making property look again good is what home staging is all about. I must say that you will definitely find home staging to be one of the weapons in your hand when you will try to sell your property yet again. I do feel that you will definitely need lots of ideas when you will renovate your property.
The question really arises that what is the need for renovation. I do feel that you will definitely need it when you will try to sell your properties or even when you will try to add some more luxuries in your house. However whatever might be the case I must say that you will definitely requires some best tradesman to renovate your property.
I do feel that you will definitely wan t to renovate the house if it is not proper. But you must be eager to know that what the best deal is when the property renovation will prove profitable for you.
I do feel that you will want to make profit in real estate. If you will ask any of the real estate professional about how to make profit then he will definitely recommend you that you should go for flipping.
As far as the flipping is concerned, it basically deals with buying and selling the property in no time. Whenever you will try to sell your property you will definitely have to make sure that the buyer has the best look at your property. And this is only possible when you will go for proper home staging. I do feel that home staging is a vast topic and has lot to do with the renovation.
However you cannot go for the costliest home staging unless and until you have the reasons behind it. I must say that you should really consult some real estate agent before deciding to go for any sort of real estate renovation. Only then you should decide that to what extent you will do the renovation. Ask your real estate agent that what is the maximum amount which you can get from your property? For any reasons it would really be foolish if you will spend more.
However this is not applicable when you will be living in the house for a long period. I do feel that it would really be great if you spend more on your property. It would really improve your living standards and you will definitely feel much comfortable.
As far as the UK is concerned every idea behind the renovation is counted. You will definitely find all kinds of cheap houses. All you have to do is to buy then and then renovate. After the renovation is over you can then sell your house at higher prices.
The question really arises that what is the need for renovation. I do feel that you will definitely need it when you will try to sell your properties or even when you will try to add some more luxuries in your house. However whatever might be the case I must say that you will definitely requires some best tradesman to renovate your property.
I do feel that you will definitely wan t to renovate the house if it is not proper. But you must be eager to know that what the best deal is when the property renovation will prove profitable for you.
I do feel that you will want to make profit in real estate. If you will ask any of the real estate professional about how to make profit then he will definitely recommend you that you should go for flipping.
As far as the flipping is concerned, it basically deals with buying and selling the property in no time. Whenever you will try to sell your property you will definitely have to make sure that the buyer has the best look at your property. And this is only possible when you will go for proper home staging. I do feel that home staging is a vast topic and has lot to do with the renovation.
However you cannot go for the costliest home staging unless and until you have the reasons behind it. I must say that you should really consult some real estate agent before deciding to go for any sort of real estate renovation. Only then you should decide that to what extent you will do the renovation. Ask your real estate agent that what is the maximum amount which you can get from your property? For any reasons it would really be foolish if you will spend more.
However this is not applicable when you will be living in the house for a long period. I do feel that it would really be great if you spend more on your property. It would really improve your living standards and you will definitely feel much comfortable.
As far as the UK is concerned every idea behind the renovation is counted. You will definitely find all kinds of cheap houses. All you have to do is to buy then and then renovate. After the renovation is over you can then sell your house at higher prices.
Monday, March 16, 2009
Investment Property Market Cambodia set to Boom
If you will go back in 2005 then you will definitely find out that the Cambodian investment laws were changed so as to allow foreign ownership of the properties in Cambodia. This was really the step which was taken to strengthen the economy which has already proved out to be very strong and has really emerged as one of the strong economy. I do feel that Cambodia was really inspired by seeing the growth rate of Thailand which was due to the foreign investment policy of Thailand.
Now the country has been habitual to see the growth in the economy and is seeing the new heights in recent times. It has really grown an appetite of seeing a growth in its economy. This has been one of the reasons for the increase in foreign investment in Cambodia. The international business club chairman and the US lawyer Bretton Sciaron once said that there are several reasons for immediate action. If you will encourage the foreign investment then you will definitely find very soon that the country is booming with the great economic growth. I must say that after this step way back in 2005, Cambodia has really seen a lot of changes and has really emerged as one of fast growing economy.
As far as the real estate of Cambodia is concerned it was seeing a boom but was really affected during the period of recession which is still not over as far as the world market is concerned. I do feel that you will definitely find lots of reasons behind the recession which is hitting the world. But you can definitely not complain the real estate of Cambodia for this.
However the prices of the Cambodia have really been affected by the world market. If you will look at the real estate of Cambodia then you will definitely find out that it is quiet similar to the market of the other countries.
You will find the foreclosure taking place in Cambodia as well. But the number of foreclosures in Cambodia is quiet low as compared to other countries. It is also not so easy to get the loan in Cambodia as compared to the other countries. I must say that if you really want to earn profit from the real estate market of Cambodia then you should really make sure that you have the money ready.
The lack of loan schemes is really one of the major drawbacks which the country of Cambodia is really facing. However if you have the money ready then you have all reasons to laugh because you can really buy lots of cheap properties and then sell them at far more higher prices.
Now the country has been habitual to see the growth in the economy and is seeing the new heights in recent times. It has really grown an appetite of seeing a growth in its economy. This has been one of the reasons for the increase in foreign investment in Cambodia. The international business club chairman and the US lawyer Bretton Sciaron once said that there are several reasons for immediate action. If you will encourage the foreign investment then you will definitely find very soon that the country is booming with the great economic growth. I must say that after this step way back in 2005, Cambodia has really seen a lot of changes and has really emerged as one of fast growing economy.
As far as the real estate of Cambodia is concerned it was seeing a boom but was really affected during the period of recession which is still not over as far as the world market is concerned. I do feel that you will definitely find lots of reasons behind the recession which is hitting the world. But you can definitely not complain the real estate of Cambodia for this.
However the prices of the Cambodia have really been affected by the world market. If you will look at the real estate of Cambodia then you will definitely find out that it is quiet similar to the market of the other countries.
You will find the foreclosure taking place in Cambodia as well. But the number of foreclosures in Cambodia is quiet low as compared to other countries. It is also not so easy to get the loan in Cambodia as compared to the other countries. I must say that if you really want to earn profit from the real estate market of Cambodia then you should really make sure that you have the money ready.
The lack of loan schemes is really one of the major drawbacks which the country of Cambodia is really facing. However if you have the money ready then you have all reasons to laugh because you can really buy lots of cheap properties and then sell them at far more higher prices.
Monday, March 9, 2009
Virtual Real Estate Boom
Virtual real estate also abbreviated as second life is the fruit of implementation of virtual reality. Virtual reality is a new topic in computer science and creates a 3D effect. It looks as if we are in a real city. Second life and its sister teen second life is example of some of the computer games. It was developed by linden research lab which came to international attention via mainstream news media in late 2006 and early 2007. Second life caters for users over 18 and teen second life is for those between ages 13 to 18.
Virtual world is a very important tool for various fields. You cannot deny the importance of virtual world in medicine. It is the power of the eyes to generate the 3D effect. The 3D effect is what all the doctors were looking and this has really solved the problem of teaching the trainees the concept of medical science. Virtual reality also sees its great application in real estate as well. Till now I was talking about games but once the virtual world of any real estate is made the different area can be sold so that the programmer can earn profit. Invitations are also sending to real owner of that land. However only those are interested who knows what virtual reality is all about? What is the influence of games? And what is the importance of advertisement? I must tell you that all the lands in the virtual world are sold out for a good amount of money and this is really a great profit since it just requires the technology.
If you want to use virtual reality you should know about avatar. There are many virtual reality technologies and I would not like to go in deep. I must tell you that the virtual reality has pave the way to a new era. The modeling is also one of the tools which the term virtual reality has really re-defined. Now you can make 3d models. And all the real estate agents can easily understand what the importance of 3D modeling is?
With help of 3D modeling the real estate agents are able to explain the real picture of real estate to the buyers with an ease. They really feel that 3D modeling on the computers is the real solution to all the questions which the clients ask from the real estate agents.
As far as boom is concerned, there are so many computer games available in the market. All these games apply the 3D effect of the whole area. You can check out for games in which the whole New York has modeled. It is a car race game and really reflects the whole New York.
Virtual world is a very important tool for various fields. You cannot deny the importance of virtual world in medicine. It is the power of the eyes to generate the 3D effect. The 3D effect is what all the doctors were looking and this has really solved the problem of teaching the trainees the concept of medical science. Virtual reality also sees its great application in real estate as well. Till now I was talking about games but once the virtual world of any real estate is made the different area can be sold so that the programmer can earn profit. Invitations are also sending to real owner of that land. However only those are interested who knows what virtual reality is all about? What is the influence of games? And what is the importance of advertisement? I must tell you that all the lands in the virtual world are sold out for a good amount of money and this is really a great profit since it just requires the technology.
If you want to use virtual reality you should know about avatar. There are many virtual reality technologies and I would not like to go in deep. I must tell you that the virtual reality has pave the way to a new era. The modeling is also one of the tools which the term virtual reality has really re-defined. Now you can make 3d models. And all the real estate agents can easily understand what the importance of 3D modeling is?
With help of 3D modeling the real estate agents are able to explain the real picture of real estate to the buyers with an ease. They really feel that 3D modeling on the computers is the real solution to all the questions which the clients ask from the real estate agents.
As far as boom is concerned, there are so many computer games available in the market. All these games apply the 3D effect of the whole area. You can check out for games in which the whole New York has modeled. It is a car race game and really reflects the whole New York.
Saturday, March 7, 2009
German real estate companies fight for survival
BERLIN: German real estate companies are fighting for survival, with deadlines looming to refinance short-term debt of as much as 18 times their combined market capitalization while the recession erodes asset values.
Loans defined as short-term by the 10 largest publicly traded property companies total €4.2 billion, or $5.3 billion, according to their most recent financial reports.
Patrizia Immobilien, Vivacon and IVG Immobilien alone owe €3.1 billion, part of which expires as early as next month. That is more than five times the trio's combined market value, which has shrunk 83 percent in the past year.
"I wouldn't be surprised if banks pull the plug for some real estate companies in the very near future," said Matthias Schrade, an analyst at GSC Research in Düsseldorf.
Patrizia, based in Augsburg, and Hypo Real Estate Holding, the commercial property lender bailed out by Germany, are among stocks on Schrade's "don't touch" list. Since 2003, 11 of the 91 companies on that list have gone bankrupt and shares of 63 others have slumped even as the equity market rose.
The German finance minister, Peer Steinbrück, said Friday that the state needed to gain more than 75 percent control of Hypo Real Estate Holding to save the lender. The move would hasten Germany's first bank nationalization since the 1930s.
Given the worsening financial crisis, the government may "sooner rather than later be faced with the difficulty that the survival of the bank is seriously endangered," Steinbrück told lawmakers in Berlin. "We must make sure, by gaining a controlling majority, that the restructuring measures succeed."
Bad debt from the U.S. subprime mortgage crisis has required banks around the world to seek bailouts. While Germany has said that Hypo Real Estate was too important to go bankrupt, none of the top 10 listed property companies is bigger than €700 million in market value. The prospect of some of the companies failing is turning investors away, said Matthias Born, a fund manager in Frankfurt at Allianz Global Investors who has sold most real estate shares from his €1.2 billion portfolio.
The debt/assets ratio is one benchmark that banks watch closely. A range up to 60 percent to 65 percent is where "banks would still be willing to give credit," according to Olaf Meisen, a partner who specializes in real estate finance at the law firm Allen & Overy in Frankfurt. Seven of the 10 companies have ratios that exceed 65 percent, with Patrizia topping the list at 80 percent, according to Frank Neumann, an analyst in Düsseldorf at Bankhaus Lampe.
General Growth Properties, a U.S. owner of shopping malls that warned last week it might be forced into bankruptcy, is saddled with $1.18 billion in overdue debt.
While most of the bigger U.S. real estate companies have received debt ratings, none of the top 10 German property ones are rated by Moody's Investors Service or Standard & Poor's. That does not make it easier for the companies to raise funds, said Torsten Klingner, an analyst in Hamburg at SES Research.
Patrizia, which builds and manages residential property, has €1.3 billion in short-term debt, of which €530 million is due at the end of March. The debt level could be "a real problem," and banks could possibly require the company to sell shares or force it into insolvency, Schrade, of GSC Research, said.
Patrizia's chief operating officer, Klaus Schmitt, disputes that. "We're in talks with our banks, and there are no signs a prolongation won't work," he said during an interview last month.
Hypo Real Estate, which is based in Munich and has received €102 billion in public guarantees and credit from the German government, is one of Patrizia's largest lenders, according to Sven Janssen, an analyst in Frankfurt for Sal. Oppenheim Jr.
Spokesmen for Hypo Real Estate and Patrizia would not comment.
The commercial property market in Germany froze in the second half of 2008 as financing dried up, said Tobias Just, a real estate economist in Frankfurt at Deutsche Bank. Prices will probably fall 30 percent this year from 2007 levels, he said.
In a report to Parliament, the government singled out commercial real estate as an industry where "defaults must be expected" as the financial crisis deepens.
TAG Immobilien reported a 2008 net loss this past week after writing down the value of its assets. More may follow.
Vivacon, which specializes in leaseholds of residential property, may have to write down about €140 million in asset value in the fourth quarter of 2008, according to Klingner. The company has €524.8 million in short-term debt and a market value of €39.3 million.
A Vivacon spokesman in Cologne said the company was in "promising" talks with banks to extend its short-term debt.
A spokesman at IVG in Bonn, which owns offices, business parks and industrial property, declined to comment on how the company would refinance its €1.4 billion in short-term debt.
Still, lenders may prefer to extend loans and demand higher interest rates, Neumann said. Earlier this month, Eurocastle Investment, a property fund managed by Fortress Investment Group that invests in commercial real estate in Germany, extended a €236 million loan after agreeing to increase interest payments by 75 basis points, or three quarters of a percent.
"Banks can't afford to drive real estate companies against the wall," Neumann said.
Loans defined as short-term by the 10 largest publicly traded property companies total €4.2 billion, or $5.3 billion, according to their most recent financial reports.
Patrizia Immobilien, Vivacon and IVG Immobilien alone owe €3.1 billion, part of which expires as early as next month. That is more than five times the trio's combined market value, which has shrunk 83 percent in the past year.
"I wouldn't be surprised if banks pull the plug for some real estate companies in the very near future," said Matthias Schrade, an analyst at GSC Research in Düsseldorf.
Patrizia, based in Augsburg, and Hypo Real Estate Holding, the commercial property lender bailed out by Germany, are among stocks on Schrade's "don't touch" list. Since 2003, 11 of the 91 companies on that list have gone bankrupt and shares of 63 others have slumped even as the equity market rose.
The German finance minister, Peer Steinbrück, said Friday that the state needed to gain more than 75 percent control of Hypo Real Estate Holding to save the lender. The move would hasten Germany's first bank nationalization since the 1930s.
Given the worsening financial crisis, the government may "sooner rather than later be faced with the difficulty that the survival of the bank is seriously endangered," Steinbrück told lawmakers in Berlin. "We must make sure, by gaining a controlling majority, that the restructuring measures succeed."
Bad debt from the U.S. subprime mortgage crisis has required banks around the world to seek bailouts. While Germany has said that Hypo Real Estate was too important to go bankrupt, none of the top 10 listed property companies is bigger than €700 million in market value. The prospect of some of the companies failing is turning investors away, said Matthias Born, a fund manager in Frankfurt at Allianz Global Investors who has sold most real estate shares from his €1.2 billion portfolio.
The debt/assets ratio is one benchmark that banks watch closely. A range up to 60 percent to 65 percent is where "banks would still be willing to give credit," according to Olaf Meisen, a partner who specializes in real estate finance at the law firm Allen & Overy in Frankfurt. Seven of the 10 companies have ratios that exceed 65 percent, with Patrizia topping the list at 80 percent, according to Frank Neumann, an analyst in Düsseldorf at Bankhaus Lampe.
General Growth Properties, a U.S. owner of shopping malls that warned last week it might be forced into bankruptcy, is saddled with $1.18 billion in overdue debt.
While most of the bigger U.S. real estate companies have received debt ratings, none of the top 10 German property ones are rated by Moody's Investors Service or Standard & Poor's. That does not make it easier for the companies to raise funds, said Torsten Klingner, an analyst in Hamburg at SES Research.
Patrizia, which builds and manages residential property, has €1.3 billion in short-term debt, of which €530 million is due at the end of March. The debt level could be "a real problem," and banks could possibly require the company to sell shares or force it into insolvency, Schrade, of GSC Research, said.
Patrizia's chief operating officer, Klaus Schmitt, disputes that. "We're in talks with our banks, and there are no signs a prolongation won't work," he said during an interview last month.
Hypo Real Estate, which is based in Munich and has received €102 billion in public guarantees and credit from the German government, is one of Patrizia's largest lenders, according to Sven Janssen, an analyst in Frankfurt for Sal. Oppenheim Jr.
Spokesmen for Hypo Real Estate and Patrizia would not comment.
The commercial property market in Germany froze in the second half of 2008 as financing dried up, said Tobias Just, a real estate economist in Frankfurt at Deutsche Bank. Prices will probably fall 30 percent this year from 2007 levels, he said.
In a report to Parliament, the government singled out commercial real estate as an industry where "defaults must be expected" as the financial crisis deepens.
TAG Immobilien reported a 2008 net loss this past week after writing down the value of its assets. More may follow.
Vivacon, which specializes in leaseholds of residential property, may have to write down about €140 million in asset value in the fourth quarter of 2008, according to Klingner. The company has €524.8 million in short-term debt and a market value of €39.3 million.
A Vivacon spokesman in Cologne said the company was in "promising" talks with banks to extend its short-term debt.
A spokesman at IVG in Bonn, which owns offices, business parks and industrial property, declined to comment on how the company would refinance its €1.4 billion in short-term debt.
Still, lenders may prefer to extend loans and demand higher interest rates, Neumann said. Earlier this month, Eurocastle Investment, a property fund managed by Fortress Investment Group that invests in commercial real estate in Germany, extended a €236 million loan after agreeing to increase interest payments by 75 basis points, or three quarters of a percent.
"Banks can't afford to drive real estate companies against the wall," Neumann said.
Tuesday, March 3, 2009
How to use Private Money for Real Estate Investing
Real estate businesses are for only rich people. Do you find this statement true? I must say that your answer will really be no. now suppose you do not have money to buy a real estate. What will you do then? How will you manage the money? You can say that you have done the deal of many mortgages and you do not find any difficulty in finding the loan. But I really question and say that it can be difficult at times if you have any other mortgage under your belt. You will really feel sorry now since you will find some property to be very advantageous but you do not have money to buy it. This is really very bad for you. You must be wondering whether what the solution is. I must say that the only solution is private money.
I will explain it to you what private money really is. Actually private money is given by someone who is just like us. They give the needy a good sum of money and promise to not affect your credit score. They really never inform the bank and keep everything private. However they take a very high interest and people often find it very difficult to manage such a high interest. I must say that you will really need to go for it on some occasion. However you should keep something in your mind. If you will not keep these things in your mind then you will really end up becoming a looser. I will list some of them for you:
1.Make sure that you return it very quickly:
The interest rate of the private money is very high. You cannot really manage it for a long period of time. Hence you should take all the possible steps so that you are able to pay it back very soon.
2.Play safe:
Yes the interest rate of the private money will be very high but you should not forget that you have the real estate property also with you. You can always give the property on rent and use the rent to pay back the interest of the private loan. The private loan will have some installments and you will be able to pay it back as soon as possible. However the price of the property will also go high and you can always sell it as soon as you find out the time is appropriate for selling.
I have given you some tips and I do hope that you are able to pa proper attention as far as these ideas are concerned. You will really find them very helpful.
I will explain it to you what private money really is. Actually private money is given by someone who is just like us. They give the needy a good sum of money and promise to not affect your credit score. They really never inform the bank and keep everything private. However they take a very high interest and people often find it very difficult to manage such a high interest. I must say that you will really need to go for it on some occasion. However you should keep something in your mind. If you will not keep these things in your mind then you will really end up becoming a looser. I will list some of them for you:
1.Make sure that you return it very quickly:
The interest rate of the private money is very high. You cannot really manage it for a long period of time. Hence you should take all the possible steps so that you are able to pay it back very soon.
2.Play safe:
Yes the interest rate of the private money will be very high but you should not forget that you have the real estate property also with you. You can always give the property on rent and use the rent to pay back the interest of the private loan. The private loan will have some installments and you will be able to pay it back as soon as possible. However the price of the property will also go high and you can always sell it as soon as you find out the time is appropriate for selling.
I have given you some tips and I do hope that you are able to pa proper attention as far as these ideas are concerned. You will really find them very helpful.
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