Real Estate and Commercial Property

The blog info about Real Estate, Commercial Property, Mortgage Refinance, Buy and sell a home, Investment Property,

Real Estate

Buying and Investing Real Estate without Credit

looking-for-to-buy-a-homeIf you are looking to buy investment real estate, there is no reason at all that you can use the internet and save time and money. You will find that more often than not you can find many lenders now offer down payment and low interest rates, guaranteed approval, and did not even check the credit score.

A traditional loans for real estate investments including application, credit check, and review financial buyers. The more brokers or real estate agents, real estate developers, and owners are now offering owner financing on real estate investments. This includes making a low down payment and monthly payment. This process is often used to purchase land, but it is becoming more and more popular with investors, first time home buyers, and those who have little or no credit. Those who have bad credit from past money issues and other people who would have a hard time qualifying for traditional loans can also take advantage of owner financing.

The amount of the down payment under $ 1,000 and sellers of real estate investments can usually give you an interest rate that is much better with a lower monthly payment. They also offer a better method such approval no income verification, no qualifications, and no credit checks. If you make at least your minimum payment each month, you will be approved.

Just because you can be approved without any problems does not mean you have to treat the different processes that you are going to buy real estate and traditional properties. As a buyer you still have to make sure that you will get a trade certificate in real estate and guarantees that it will be free of any and all liens. You also have to make sure that the current owner has all the rights to sell a piece of real estate if anyone is interested. Contact the local tax department and ask for valuation of real estate prices, it will tell you if you obtain a good price or not. If you are in the country or a separate area of real estate that you buy, you must request and receive pictures and maybe even video neighborhood to get a good visual.

Signing of the contract to buy-sale is a must, even with financial institutions. This contract will be signed by both the buyer and the seller and include the amount of the down payment, the purchase price in full, monthly installment payments, the amount of the payment to be done, prepayment penalties, address real estate, and real estate details as well.

The contract you sign should have any and all the details associated with the sale of real estate investments that you once agreed. It must be signed and dated by both the seller and the buyer to be a valid contract. Have fun finding and buying real estate investment, but remember to keep yourself safe when you search online for them.

Living Close to My Best Friend

When my friend got an apartment at Routh Street Flats, she was pretty happy about it. I figured she was just excited to be on her own again, but she told me it was more than that. She has lived in a few different apartment complexes, and she really liked this one the best because they go above and beyond to make sure that the residents are happy. I had looked at Dallas apartments uptown myself a while back, and she made it sound so good that I decided to look again.

The one thing I was mostly interested in after seeing that they have nearly two dozen different floor plans was the amenities that are there for everyone who lives at the complex. (more…)

Choosing Between a House and an Apartment

My husband and I talked for a long time about where we wanted to move. We knew that it was going to be in the same area because we both have good jobs here. We also have a two year old daughter, and we wanted to make sure that we were going to be in a really good school district for her. Even though she will not start for three years, we wanted to be in the right district for when the time came. We could not decide if we wanted to look at a Silver Springs apartment or look for another rental house like we had been living in before it got sold.

We did have the option to buy it ourselves, but we both knew that we were not ready to be homeowners just yet. We wrote down the pros and cons of living in an apartment as well as a house, and the funniest thing happened. The list for the apartment looked a lot more attractive for living there rather than in a house. (more…)

Looking for Apartments in Toledo

I have just got in to the University of Toledo and I am going to need to hurry up and start looking for Toledo apartments near the campus. From what I understand there are a good many rough neighborhoods in the city and I am wondering if it is going to be hard to find a place that my Mom is not going to freak out over. That is a big problem because she worries over every little thing and the last place I had was not in that bad of an area, but she was convinced that it was Hell’s Kitchen or one of those places that you read about in the history books when they talk about slums and social problems. It is not that big of a deal to me if it is not the perfect place. I can look after myself for the most part and most of all I am not going to be out in the mix as they say.

If you are out on the corner at 4 AM a lot more bad things will happen to you than if you are laying in bed asleep at 11 PM. Of course I am not going to be a hermit and I might go out for a beer, but I am not out howling at the moon all night long. It is a different type of person who usually gets in trouble or stabbed or shot, some one who is out there looking for bad things to happen perhaps not, but some one who is not hiding from that sort of trouble very hard. It is not likely to have an effect on me, but of course I would rather live in a nice area close to the campus and all the other stuff I need.

What “Location” Means in Commercial Real Estate

People often say there are three things that determine the value of a property: location, location and location. Location is also an important factor in commercial real estate investment. For retail properties, location is the key as a lousy business will be successful it is at a good location. When a commercial property is at a good location, it will attract tenants to the property and retain them there. It will also attract the customers of your tenants to the property. As a result, you as the owner of the property can demand the higher rent & price for the property. So how do you as an investor determine if the property you would like to invest is at a good location? Look at the property and see if the property has these features:

1- Near major roads and freeways: This provides easy access to the property so the customers of the tenants can quickly and conveniently drive to the property.

2- Near busy street with high traffic volume: Commercial listings often mention the traffic volume in term of Cars Per Day (CPD). More traffic means more exposure of your tenants businesses to more potential customers. This is free advertising to your tenants. The traffic could also be foot traffic. For example retail stores at Pier 39 in San Francisco benefit from the high volume foot traffic from the tourists.

3- Near anchored tenants: Big retail stores like Wal-Mart, Albertsons, Home Depot instantly bring lots of customers to their stores. So if your commercial property is near an anchored tenant, it will benefit from the high volume traffic.

4- At an intersection: This will give the property more visibility as it has more frontage feet. If the property is located at a signalized corner then it’s even better. As cars stop at the traffic light, people in the cars will notice the stores in your property. The traffic light is also an indication the intersection has more traffic.

5- Near local amenities: Stadium, college, big shopping mall and hospital will bring more traffic to the shopping center. Doctors always like the medical building near the local hospital as it is convenient for them and their patients.

6- Easy to make left turn: The property should have ease of ingress and egress. If it’s hard to make left turns, shoppers will less likely come to the shopping centers. And thus it makes the property less desirable to the tenants.

7- Easy to find a parking space: People don’t like to go to a place where they cannot find parking spaces. Commercial property must have at least 1 parking space per 1000 square foot of leasable space. It’s more desirable to have 4-6 parking spaces per 1000 SF. The width of parking space is also important. Who wants a ding on the door after a shopping trip?

8- Signage: Signage is an important part of a commercial property. Customers often look for the name of the business rather than the street address. A large and tall monument sign in front of the property with the names of the businesses in the property is always desirable.

9- Able to attract and retain tenants: Your tenants will look for a building and neighborhood that are appealing to them and their customers to determine if they should sign or renew the leases. So quality of construction, property condition, landscaping, the appearance of the building and surrounding area are all important factors to keep the property 100% leased.

10- In a stable or growing area: You want to invest in an area where population has increased. Review the demographic data in the property brochure to see

  • How many percents the population has increased in the last 5-15 years.
  • How many new homes have been built in the last few years.
  • What the median income in the area is within 1-5 miles radius from the property

All these things will give you a picture if the town is growing.

Best Apartment Prices in Portland

I am going to be moving to Portland Oregon, not Portland, Maine, and I currently live in the state of California. The cost of living is just too high here, and I do not make enough money. But I have decided that I would prefer to live in Oregon, and as such, I have been looking for jobs in the area. Now that I have found one, I need to look at apartments in Portland Oregon and I do not need much in terms of an apartment. I just need a room with a bed, and that is enough for me.

I do not own much in the way of personal possessions, or furniture, for example. So it would be nice to find a furnished apartment. (more…)

Evaluating Real Estate Investment Before Buying a Property

Real Estate investment before buying a property reviews evaluation of the market price, the contents of the configured property, the location of the property.

investing-in-real-estateReally great, you finally made the decision to become a real estate investor to buy a property or you are a real estate agent. And finally decided that you need to service property investment. Whatever your goal, this is credited to you to understand how real estate investing can benefit you.

Now you actually face to face with your first investment property. You need to evaluate whether it is profitable enough for you to pursue a purchase or just a waste of time and energy to further consider the property as an investment. Here are some suggestions to help you get started before you made an offer to buy the property anymore.

 Evaluation of the market price. Review or other marketing data you are presented with a cap rate close attention to the property. Cap rate (or capitalization rate) is one of the results of the most commonly used by appraisers, tax assessors, legal, and real estate professionals to evaluate the price of rental properties and is a good way to make a quick determination of whether property prices appear to sell or not.

If you are working with a professional real estate agent than can show it to you and most likely be able to tell you how the property compared to the local market. There’s more you will consider later, but for now you just want to quickly find out if you really want to pursue the purchase, so look to the cap rate. Here’s the formula in case you’re not familiar with it: Net Operating Income divided by Sales Price equal to the capitalization rate.

Evaluate the contents of the configured property. You want to know what the contents of the unit properties (i.e, number of bedrooms, dining room, kitchen forms, and a bathroom with how much)? Is there an open parking lot, and if so, whether covered (with carports) or not covered. The garage is provided for each unit of property, and if so, whether there is enough parking for an additional tenant parking? How about storage space, whether to offer extra storage unit complex for tenants? You want to know whether the investment has the potential to lure tenants and if so think, whether it gives space to maintain or increase revenue?

Evaluate the location of the property before buy. You should know, if the complex is located in a good rental area with high residential rental market and is capable of supporting low refund rate. Toured the region by making notes. Does it have such easy access, close to shopping, public transportation lines, offices, and schools? Look for signs of rent, if you do not see them (and you probably will not) then write down the phone number of property management companies and ask them if there is a vacancy on them. The point is: Do you feel okay with where you are going to invest in a property located?

 Observe the overall condition of the property. Driving to the property and make note of the condition of the roof, walls, plumbing, doors and windows, parking areas, and grounds. Do not be afraid. If you see something that might cause you to offer less than the demand price the seller, let it be known. If the reason you’re sensible and you have the seller is willing to listen. The last thing you want to do is to invest your hard-earned money into the pit pockets.

I Found an Apartment for My Sister and Ended Up Renting a Place for Me Too

My sister moved back home suddenly. She had a health scare living up north, and she wanted to be home for her treatments and therapy. However, I knew there was no way she was going to be able to enjoy living back at the house with mom and dad. My sister and I feel like we are adopted even though we are their biological kids. Mom and dad are noisy and always busy with friends and entertaining. I looked for apartments for rent in Hattiesburg MS to find a place for my sister. My place was like a closet compared to her old apartment. She wanted one bedroom and one bath now, and I found her the perfect place with a lake view.

I liked the place so much that I leased an apartment there that also has one bedroom and one bath. Neither of us is big on entertaining. (more…)

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