Category Archives: Financial

Foreclosure Investing – The Pros And Cons Of Investing In Foreclosures

Investing in foreclosures is no doubt one of the best opportunities to make money in today’s economy. As with any type of business venture, there are risks involved. Investing in foreclosed properties offers great opportunity to buy homes significantly under market, but there are some risks such as considerable research, under lying lien problems, long-term carrying costs and several others. If you are willing to take the chance on a property or two you may prosper in the end.

Foreclosed homes can be purchased at several stages. First is the pre-foreclosure phase, then the auction phase and finally the REO phase each of these presents their own set of pros and cons. Familiarize yourself with each of these different types of foreclosures, weigh the pros and cons for each, you may be able to avoid a costly mistakes and headaches through the process of investing in home foreclosures.

Take a look at the possible pros and cons at the various stages of a foreclosure:

Pre-Foreclosure Phase
This is the stage where the homeowner is still in control of the property. Although the loan is in default and the pressure from the lenders is just beginning. The homeowner is usually in a position to sell the property quickly and avoid the foreclosure process all together. This means hue savings and large potential profits for you.

Pros
20-40% discounts on the estimate value
Low or no down payment, due to the built in equity
Research and inspection opportunities
Sales agreements that are flexible

Cons
Home owner may not be reachable
Fierce competition, many investors are trying to buy these type foreclosures
Time to research documents and court filings
Undisclosed or underlying liens against the property

Auction Phase
Possibly the most profitable stage of a foreclosure. Auctioned properties usually offer the best potential profit when buying foreclosures. An auctioned property is sold during a public auction to the highest bidder. If you have done you, research these types of properties are sometimes sold way under market value.

Pros
Greater discounts can be as high as 35-50%
Great ROI, return on investment
Greater potential profit

Cons
Property inspection is generally not available
Postponed auctions mean valuable time lost and research wasted
Large down payments that must be paid at the time of auction
Incomplete research can cost you a lot of money
You may not win the auction at all

Foreclosed home listings

For most people, finding the right property is only half of the goal of a real estate purchase. It’s also very important to most buyers to find homes that offer a big potential for savings and valuable investment. These days, the market is so competitive that finding really good deals can be extremely hard, which is why many people are turning to foreclosed properties and other non-traditional forms of real estate to find huge savings on a wide variety of properties. Unlike most open market properties these days, foreclosed homes offer the buyer the chance to win incredible properties for way below market prices, so getting huge initial savings and maximizing the value of an investment becomes easy!

There are all kinds of these great foreclosure properties and bank owned properties for sale out there, and they are available from very unique sources. The entire process begins when a homeowner can no longer make the payments necessary on their home mortgage loan. When this happens the lender will still have to find a way to collect the remaining loan debt, which usually is accomplished through the repossessions of the home and the subsequent sale of it to the public. The lender then keeps the proceeds of the foreclosure property sale to settle the debt.

However, when property foreclosures and ban owned properties are sold, the lender usually only needs to collect an amount that is much less than the full loan value, and thus the value of the home itself. In many cases, bank foreclosure homes and other foreclosed property is undersold at auction with no loss to the bank or lender. But the buyer and investor stands to gain greatly from this kind of sale, since many bank foreclosure properties and other kinds of for sale properties often go for between 10 and 50% below their actual value!

With the help of Foreclosure Connections, you’ll be able to find deals on all kinds of bank owned property and more, all from the comfort of your own home! Use our searchable database to locate thousands of bank foreclosure property and all kinds of federal homes for sale in every state. You’ll find that each listing for bank foreclosure properties has lots of information designed to help you assess values and pick the properties with the best investment potential! Our friendly staff is always there to help you buy the best properties in foreclosure by providing advice on everything form finding single families homes to how to go about pursuing bank owned property for sale on you area! So come visit us today. Buying foreclosed properties for big savings has never been easier!

Discovering The Weak Link: Optimizing Your Commercial Real Estate Investment Strategy

Being an investor is a lot like owning your own business. You have money and people to manage, important financial decisions to make, and systems that represent your strategy. While these assets and operations result in successful and profitable deals, there are always problems arising, just like in a normal business, that can slow down productivity and progress of whatever activity is currently in motion.

A problem with many investors is that they do not view their process as a business. They do not have a company name or multiple teams working below them. They do not have business rules, regulations, checks and balances, or protocol for the people they work with. However, the truth is, commercial real estate investing, no matter how small, is a business all itself. In order to optimize this fact, one should follow proven business strategy that allows great companies to flourish with very little constraint or pain.

A very important theory that is used not only in business, but in science, politics, sports, and even everyday life is the Theory of Constraints. This theory literally transcends all boundaries as it is a scientific principle that can be applied to any relationship between two or more subjects. You have all heard of the expression, “You are only as strong as your weakest link.” This is in reference to the Theory of Constraints.

What is basically introduced is the concept that you can look at a process or relationship as a chain. One link to another, that chain is reliant on the strength of the relationship. If it is a process, and each link is a task, then each task must be working optimally so it does not weaken the chain. If one link becomes tired, lazy or behind, then the chain is all together weaker and ineffective at producing the result.

At any one time there can only be one constraint. You must tackle that constraint, and then another may appear. However, at that time, there is only one constraint to attend to. In order for a process or system to be working 100%, each link must be strong. If not, you suffer from inefficiencies; suboptimal performance and a complete slow down of the process.

Do you find areas in your business of commercial real estate investing that you are not pleased with? Are there areas you feel you and the people you work with and rely on could improve? Could wasted time be eliminated? What areas could you improve that would increase overall profitability of your commercial real estate strategies?

Within these questions you will uncover the areas where a streamlined process can greatly improve performance and decrease crisis and other problems. If your current strategy and processes are running at 100%- then there is no need to read this article. However, if you feel there could be considerable improvement, or even a small improvement that could increase your results exponentially, please read on!

Implementing processes and systems are the best way to optimize total performance. How this is done is you write down every single task within a certain boundary. For example, write down every task in creating the information packet to submit to a lender to get approval for a loan on a project. Write down every task for this specific process and then number them in how they follow in sequence.

Are there certain people involved who make this process happen? You may realize how you can cut out duplicated efforts, combine tasks into a single person who performs them, and completely streamline the process. What you do now is create a process map or flow chart showing the entire process from first step to last in the proper sequence. Identify who does what task and any time allotments or due dates if necessary. You know have a tangible, easy to learn, communicate and control process for submitting a proposal to a lender for a new project. Doing this alone will allow others to follow along with your process and have a clear understanding as to what is supposed to be done.

Do have protégés or other eager minds willing to help you in order to gain a valuable education from an experienced investor? Now you don’t have to worry about being the only one who “knows” the business. With a clear system and process map, you can now teach those around you the same, working, proven systems. With a process map individual tasks and relationships can be easily changed as continuous improvement is a benefit of process maps.

Developers of Retail Stores Build with Steel

The design flexibility, cost efficiency, and ease of erection of steel have made steel buildings the structures of choice for retailers across America–especially those stores with multi-site operations. As a result, the increasing demand on steel buildings has created remarkable innovations in steel building technology. There are several factors to explain this phenomenon that are worth identifying.

For example, a number of building developers benefit from the speed and ease in which steel buildings can be constructed and the overall lower cost. A great number of owners are remodeling their current properties or framing new structures with steel. These companies know that the entire costs of building with steel are only a fraction of the price of conventional structures. Several design alternatives are possible–even with the strictest of project budgets. These savings can then be passed on to the patron.

You will appreciate a cheaper cost of labor. Much depends on local labor costs, but the overwhelming majority of steel buildings can be set up rapidly with the economy of a single work crew. Very often, a small amount of professional aide is necessary. As a matter of fact, when building smaller structures sometimes no professional help whatsoever is necessary.

Maintaining a steel building with a comfortable climate is possible thanks to the great improvements in insulation technology. Developers are generally selecting the steel building design thanks to the savings resulting from its ability to conserve energy. A completely insulated pre-fabricated steel building will out-perform traditional structures and warm in the winter and cool in the summer.

Advances in steel building technology have also resulted in such amenities as ridge vents, skylights, louvers, as well as more common features as wind resistance and enhanced steel roofing systems. Regardless of the climate, you can know confidently that your personnel are all safe inside a pre-fabricated steel building. Because of its snug connections and reinforced metal alloy, steel buildings can withstand the weight from heavy snow and the potential leakage from heavy rains.

Almost any combination of structural, roofing, and facade applications are possible due to the current innovations in steel building technology. The clear-span frame, another popular option, can reach up to 300 ft. in width, have unlimited length capabilities, and require no walls or columns to allow your store all of the space it requires in an unobstructed environment. A variety of steel roofing styles are available, such as parapets and mansards. You can also select standing seam applications; and not to mention, having your roof painted in just about any color you desire. Steel buildings are the attractive choice for today’s retail store owners and the smarter choice for tomorrow’s requirements.

Freedom of Self-Employment Ownership

Many Americans dream about the freedom of self-employment ownership but aren’t quite sure how to go about starting their own company and then succeeding in the world of business. The freedom of self-employment ownership doesn’t have to be an empty dream. There are many ways to help maximize your possibilities for success in the world of business without taking a huge financial risk. One of the most popular ways that individuals are achieving the freedom of self-employment ownership is by a mortgage franchise with minimal investments. Working with a mortgage franchise can help you achieve the freedom of self-employment ownership while allowing you to get the best products, the best rates, get paid better than a broker, have the buying power to be your own boss with the power and back up of a huge company, and capitalize on an established and trusted name in the world of business. Working with a mortgage franchise with minimal investment helps you to have the security of working within a larger company framework and established and time-tested guidelines for business success without making a huge financial risk before you even open your doors for business. Working with a mortgage franchise helps you get a foot into the world of business by giving you ties to established client bases, marketing and training strategies, business practices, and many other necessary tools for financial success. Combining forces with an established mortgage company by working as a franchise can’t guarantee you success in the world of business, but it can give you a good start and a better chance of succeeding by mentoring you along the way in established successful business practices. Working with a mortgage franchise can help you achieve that dream of having the freedom of self-employment ownership without having to worry about investing everything you have into a company just starting out. Mortgage franchises with minimal investments can help to give you the tools necessary to creating a successful company and having the freedom of self-employment ownership while still having the safety net and help of an established company to help you make it good in the world of business.

Emerging Trends in Dubai Property Market

Dubai real estate is witnessing a number of changes in the commercial sector.

One of the emerging trends in the commercial property market is the conversion of warehouse space to office premises. Companies that require large open plan spaces, such as advertising or marketing companies have been seen to lease warehouse space and easily transform it into efficient office space. This provides a cost effective solution for businesses that need to be near the business centre but may not wish to pay the premium rates of prime location office space. Warehouse rental rates suitable for office conversions fluctuate between 40-65AED per sq. ft (warehouse space rent exclusively used for storage purposes averages 28-35AED per sq. ft), whereas rents in the Central Business District (CBD) may be 225-250AED per sq. ft.

The property market in Dubai is tight and therefore the concept of Split Offices has come into being. Many professional services firms, faced with the prospect of particularly high rents in prime locations tend to lease a small space suitable for client meetings in the Central Business District so as to boast an address on a prestigious location such as e.g. Sheikh Zayed Road, and move their operations to a secondary location where rents may be more affordable e.g. Garhoud, thus effectively saving on huge overheads.

Thus, supply of the real estate market in Dubai is shaping up to meet the property demand.