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Mortgage Guidelines

The following list is a brief review of acceptable sources for the down payment on a mortgage.

• Cash and Unsecured Debt – Any deposits that cannot be documented, originated from cash, or borrowed on unsecured debt, such as: credit cards or personal loans cannot be used towards the purchase of a house.

• Checking and Savings Accounts – Your lender will require and review your last two months checking and savings account statements. If there are any large deposits made on these statements, you will be required to document the source of these funds. Acceptable large deposits include, but are not limited to: paychecks, reimbursements, tax refunds, sale or liquidation of asset accounts, and transfer of funds from one account to another. These large deposits will require a thorough paper trail to document the source of the funds. Unacceptable sources of large deposits include: cash, unsecured loans, and credit card withdrawals.

• Retirement Accounts – If you are using funds from a 401(k) or retirement account as part of your down payment, you will be

SMSF Property Investment

Strict rules, restrictions and limitations apply to self-managed super funds and buying property using your superannuation.

Make sure to become familiar with the rules as imposed on trustees by the ATO. As an SMSF trustee some of your obligations include: developing, implementing and reviewing the fund’s investment strategy, considering the insurance needs of all fund members, as well as several ongoing compliance and administrative obligations which involves; appointing an SMSF auditor, lodging the SMSF’s annual returns, valuing the fund’s assets, recording and keeping accurate tax and super records and more.

Setting up and managing your SMSF will incur costs both in time and money. Because individual needs, goals and requirements vary the costs involved will differ.

Make sure you’re able to make sufficient contributions to fund your SMSF.

This is where seeking advice from a licensed financial adviser, before diving into the world of property investment, will pay off. Your financial adviser should provide you with the hard data to show whether you can afford to invest in property inside super and potential outcomes.

Effectively Selling Home

1. Strategy: The finest representation, requires a clear – cut, focused, meaningful, relevant strategy, based on a number of relevant factors, etc. The process must begin, with a discussion between agent and client, and agreeing to proceeding, on the same page, focused on the best way, to market a specific property, in order to achieve one’s needs, and objectives.

2. Pricing: Creating the best, initial listing price, means doing so, not based on emotion, and/ or pie – in – the – sky, wishing, hoping, greed, or unrealistic expectations. Quality agents will discuss pricing strategies, and which, might make the most sense, in the specific market, local area, and time. A meaningful rule – of – thumb, should be, to price a house, right, from the start!

3. Marketing; same page: Successfully marketing and selling a specific home, requires agent and client, to be on the same page, and commit to their agreed – upon, strategy. Homeowners must do all they can, to make their houses, readily available, so the most, qualified, potential buyers, are able to view it. When you get many views, you optimize your marketing efforts and possibilities! Homeowners should

Effectively Marketing A Home

1. Price it right, from the start: One of the major obstacles to selling a house, is generally, the listing (or asking) price. This effort should not be based on either ignorance or greed, or haphazard, but, rather, should be based on the guidance of the qualified agent, you hire. Using, what is generally referred to as the C.M.A. (Competitive Market Analysis), you enhance your ability, to price the house, most effectively. This makes sense, because, historically, the best offers, come within the first few weeks, after a house is listed on the market, and, therefore, attracting, as many qualified buyers, in the appropriate price range, as possible, will best realize the objective, of fetching the best available offer.

2. Coordination between agent and homeowner: The homeowner, and the agent, he hires, must be, on the same page, to achieve the best results. Before hiring an agent, homeowners should interview several agents, discuss philosophies, perspectives, and marketing system, and agree, to a well – coordinated, team – based, effort!

3. Determine and address curb appeal: It’s often challenging for a homeowner to objectively look at, and evaluate, his own home, for many reasons, but, perhaps, most essentially, the emotional factors! Discuss any

All about Investment Properties for Beginners

• Know the range of options for real estate investment-you can invest in buying commercial properties, residential houses, apartments, condos, or land so you need to study which would be a better investment for you. There are many options so you will need to do your research to see which one will align with your future plans and stay within your budget.

• Why investing-are you investing to buy to sell again for a profit or do you want to rent the investment property? If your investment properties are residential you can create a regular income by invent in rental properties. You can also be a “house flipper,” which is where you buy an older home, renovate them, and sell them for a profit. If you decide to invest in commercial property you can hold it until the prices go up and then sell it to make a good profit.

• Location-when buying an investment property remember it is all about the location. The price of the property is largely a function of where it is located. Where the property is helps to decide the price range. Make sure that you research the price trends according

Considering Waterfront Home Investment

Make Sure The Property Is Structurally Sound

You may find the most perfect property for you when you are on your search, but if it isn’t able to withstand the weather conditions then it is not going to be a suitable purchase. Always remember that being on the waterfront means the house is more exposed to the element and may have to stand up against some pretty torrid conditions at times.

Before you commit to anything, make sure that you have an expert come in to take a look at the property. Ensure that they pay particular attention to its structural integrity and consider any weak points they highlight before you decided what you want to do.

Talk to Neighbours

Speaking to the people who already live in the area can give you the inside scoop about what sort of issues you might end up facing if you choose to make the investment. Be polite and courteous and you should be able to get honest answers from people who have first-hand experience.

This can prove to be invaluable when making your decision about whether or not to invest in the area, plus it

Popularity of Serviced Apartment

In recent years, the serviced apartment – a subsector of the hospitality industry – has grown more than any other temporary accommodation class in Europe. This can in part be attributed to globalisation and the needs for workers to travel more frequently to offices located out of town, and companies looking for less expensive ways to accommodate them. Also, families may have a preference to stay together and require a different set up to what hotels offer, in terms of wanting to keep an elderly relative close, having an office space to catch up on work tasks, or to allow older children more privacy.

The evidence of their popularity lies in occupancy rates. Serviced apartments in the UK averaged an 81% occupancy rate in 2016, and outperformed hotel rooms which stood at 77.2%. Amongst businesses, their usage is also increasing. According to a recent survey carried out by the Business Travel Show in November 2016, four in ten corporate buyers have reported that they would have used serviced apartments more by the end of 2016 than they did in 2015.

As we have mentioned above, serviced apartments are outperforming hotel rooms in terms of occupancy rates.

Shop For a Mortgage

Ask your friends and family for referrals when shopping for a mortgage. Create a list of lenders that your trusted colleagues recommend. When comparing mortgage loan offers, make sure you compare apples to apples. Compare similar rates, terms, and costs. Make sure you ask for a loan estimate, which should include all costs associated with obtaining the mortgage. If the lender just emails you the interest rate and estimated monthly payment, you will not have enough information to effectively compare mortgage options and costs from each lender. Interest rates will vary from lender to lender, make sure you ask what the costs would be if they all offered the same interest rate. Also, some lenders may offer no fee loans, where the lender covers the costs of obtaining the mortgage; keep in mind that this loan type is usually associated with a higher interest rate.

A home loan involves numerous fees from a variety of sources. Most lenders charge fees for similar services, but call them by different names. If you are unsure of the reason for the fee, talk to the lender so you can get a better understanding of why it is being charged and

About Choosing Comps

In the offering memo prepared, in almost all cases, a detail of rental comps is provided. As it is a primary fiduciary duty of a real estate agent to maximize the sales price of any marketed asset, it makes sense that a smart broker will select comps that display their property in the most positive light. In some cases, the broker chosen comps are, in fact, the best true representatives. However, in most instances, I have found that they are not.

Obviously, location is a significant factor, with properties geographically proximate to the subject being important. However, simply choosing the five or six nearest properties can lead to a distorted assessment of the acquisition target.

The critical feature that all comps must have is that they must be a realistic consumer alternative to the subject property. In other words, you must view the comps through the eyes of a potential future renter.

Of course, location is going to be a paramount consideration. In most instances, potential renters identify their preferred location, and then go about winnowing down the alternatives to a handful of properties that they may actually research further and/or visit. It is this

Turn Property to Regular Income Source

Property Funds

These are associations that sell, buy and manage property, in which you can invest. You don’t have to bother about the daily business proceedings, which is usually taken care according to pre-agreed terms. You can join a property fund through an independent financial adviser. Funds are regulated by the FSA.

Property Renovation for Profits

This is a practical path for people who are well versed about the market with the right skills and the perfect contacts to improve/develop a property quickly and sell it. This is the ideal option when you are sure that the property prices are not going to rise, Example: recession. These kinds of investors are proficient in renovating semi-ruined or derelict properties and bring them back into the market.

Property Trading

For people who know their job and are ready to invest their time & expertise to look for properties that are low-valued or semi- derelict, possibly they can make minor changes or alterations, such as getting a planning permission for an extension, once the value is added, it is possible to trade on at a profit.

Buying ‘off-plan’ property

The buyer purchases unbuilt property

Hard Money Lenders

Types of hard money lenders include:

Direct Lenders – A direct lender draws from large amounts of pooled capital to fund loans. They get their money from wall street, hedge funds, etc. Typically, direct lenders are larger lenders with immediate access to unlimited funds.

Broker – A broker outsources their deals to a direct lender for underwriting and eventual funding. The problem here is that brokers are at the mercy of the direct lender’s timeline and are typically more expensive as they add their fees in addition to what the direct lender charges.

For example, I charge 10% and 3 points. Brokers in my area charge up to 14% and 5 points because they get funding from someone like myself and then add their profit to our fees.

Syndicators – Once presented with a deal, they then raise the capital needed to fund it and often from multiple sources. Syndicators can cause painful delays as they raise needed capital after the deal is already underwritten. And, just as in the above example, their funding source may not come through at the last minute. I know of borrowers being told the day before, or even the day of,

Flipping A House

You should fully understand precisely what the home will sell for once it’s fixed up, the expense of enhancing it, as well as the permits, contingencies in addition to your lowest profit so you may proceed to the next offer. The moment you have that worked out, only then may you recognize exactly what to offer the seller..

Capital for home flipping is available, however you may pay much more as an investor

Presently there are a great deal of loan providers available which focus in home flipping. The crucial factor to keep in mind is, you’ll be an investor, not necessarily a home buyer. As a consequence, your interest charges, even if you possess the finest credit rating, will certainly be many percentage points above even the greatest rates, at times towards double numbers. You furthermore may only be capable to finance merely 60% of the property, although many loan companies may finance as much as 130% of the purchase price in order to assure there are funds with regard to the renovating.

Get your team together

In order to be a profitable house flipper, you’ll require plenty of close friends, specifically friends

Buy Luxury Investment Home

First and foremost… location. Cities, communities, neighborhoods are all very important factors in purchasing a luxury home. More than many home purchases, finding the right real estate agent can make a huge difference. Your agent should be able to direct you to homes in areas with appreciating value and know the reasons why.

Communities and neighborhoods are also very important. Many luxury buyers look for gated communities; security and privacy are important aspects to the home’s location. If you are looking in a location which offers views, such as a beach town or city, then you also want to have a nice view. Remember that if this is intended to be used as a part of your financial portfolio, then increasing value is a critical part of the home purchase.

There are common amenities seen in most luxury homes:

• Upgraded kitchens and bathrooms
• High ceilings
• Open floor plans
• Specialty rooms, such as library, media, gym, bonus or wine sellers
• Larger garages or parking for more than 3 cars
• Nice outdoor entertaining areas
• Reputation of neighborhood

Get a complete inspection done on the property. Spending a few hundred

Optimise the Value of Facilities

Facility management systems have been in use for a long period of time, making it possible for organizations to compete more effectively by maximizing their operational efficiency and reducing their overhead cost.

In contemporary times, progressive organizations are evolving to flexible and smarter systems and integrated Facility Management (FM) to realize the potential of their businesses and its alignment to their business goals. Like any large sized organizations, small and medium sized organizations are also not far away from challenges when it comes to managing and improving facility management in order to optimize productivity.

Companies wishing to focus on their core business amidst the intense competition should be more proactive to outsource their non-core functions like facility and fleet management as a viable strategy and an excellent solution.

Organizations need highly process driven individuals or companies practicing as consultants and professionals in the industry to help deliver excellence in facility and fleet management services. This is because their wealth of experience and expertise can unburden them from the challenges faced by their organization in managing their facilities and assets.

In outsourcing facility and fleet management services, top management in organizations should know the following

Basic Ways for Investing Real Estate

Wholesale properties:

Being wise is also very much important while investing. You need to follow the Warren Buffet formulae from the stock market investing which says “You need to be greedy, while everyone else is feeling fearful.” You need to look out for the wholesale properties that are being offered at great discounts and thus avoid paying full prices.

Using this technique, you can buy the property at low price and keep the selling price twice the buying price which helps you in maximizing your investment return.

Connect with local investors:

Hanging out with the local investors and talking with them about the local Real Estate market will help you in knowing the things better. Ask them to show their properties and take in every single bit of information they give you.

Reading helps a lot:

There is a tremendous amount of information available online these days. You can also gain information that you may need regarding the Property field and investing as well. Buy and read books that give you practical knowledge about buying, flipping, renting and selling the properties.

Down Payment On House

Lower monthly mortgages

Less money borrowed means less monthly mortgages. It gives you the capacity to use fraction of your money for other expenditures. In some cases, it can be your key to qualify to shorter-term mortgages which obviously have lower interest rates.

Lower overall interest

If you borrow less, it doesn’t only mean that you’ll have lesser monthly mortgage dues. It also means that you’ll incur lower total interest. As a result, it can hugely impact your long-term financial capabilities. Remember that housing loans are usually available in fixed repayment terms of 30 years and below. It translates to 30 years or below of having money to cover other expenses like child education and food.

Higher chances of closing the deal with the seller

Financial needs by the seller leads the common reasons why houses are sold. If the property being sold attracts multiple buyers, the one with the biggest down payment offered has the highest chance of bagging the deal.

Aside from the obvious financial need, it will also be a good sign of being serious about getting ownership of the house. It also shows the seller that you might have the adequate financial resources to

Info Buying Older Home

Pros

• Architectural details-in some of the older homes for sale you may be able to find some of the intricate woodwork that was carved out or crafted manually by carpenters as was done decades ago because there were none of the modern tools carpenters use today. This makes the architectural work irreplaceable and unique. There are no two older homes that will be similar in their style and look. Older homes are meant for those that enjoy the artisanship of that time.

• Cost-effective-the one reason that older homes are relatively cost-effective is that you can get more square footage for a better price that you would pay for a new home with the same amount of square footage.

• Bigger yards-when older and newer homes for sale you will most often find that the older houses have a bigger yard. This extra space can give you more room for a garden, to put in a swimming pool, and pets and children have more room to move and play. With larger yards, your neighbors are not right next to you as many new homes are.

Cons

• Cost of refurnishing and repairs-sometimes

Negotiation Tips for Real Estate Investor

He who talks first loses. When you are negotiating and you give a verbal offer, or ask for something else in the deal, ask the question, then remain quiet. If you speak, you lose some of the leverage you just had.

When selling a property, ask for more than you expect to get, when offering to buy a property, offer less than you are willing to spend.

Don’t act too interested. Be sincere, and of course ask questions. If a seller senses that you have a strong interest, he is more likely to hold closer to his asking price. If he senses that you have a weak interest, he may lower his price to raise your interest level.

When negotiating, remain upbeat, positive, and friendly. People like to do deals with people they like. Be likeable. Even when you submit a low offer, don’t be insulting. You can even let the seller know beforehand it will be a low offer, and why.

Try to create a win-win outcome. Everyone wants to feel like they made a good deal. Even if you just made the greatest deal of the century, let the other party feel

Fix Up House For Profit

Don’t Underestimate Small Fixes With Big Impact
New hardware and fixtures go a long way. Replacing leaky faucets, rusted drains, door knobs, drawer pulls and ceiling fans will immediately improve a room’s aesthetic. If you think about a luxury hotel room, it’s typically the small features that put it over the top. Cool handles on the cupboards, a fancy soap dish, the slick way the drawers close on their own… these small touches are what people love about these rooms! (And the amazing food and great service, but you get the idea.)

If you want to stand out to buyers that have seen a million homes, add some new hardware and features that they will take notice of. And if you are looking to freshen up a home for yourself, the same strategies apply! You might just want to increase your budget a little.

Capitalize on Your Curb Appeal
First impressions matter. And people who come into your home, whether to buy or just visit, will immediately form an impression of your home based on what the outside looks like. Make sure the yard isn’t overgrown and that all the weeds are pulled. Plant some flowers

Better Real Estate Management

 Embrace technology

There are very effective real estate management solutions available thanks to technological advancements. Real estate management software is among the best solutions you can find to make the process easy and organized. Such a solution can improve communications and payments and data maintenance for the property. With the right system you will have an easy time collecting, returning and holding security deposits, as well as inspecting and documenting rental unit conditions before move-outs. There is just so much you can do with real estate management software to streamline processes so look for the best solution.

Handle tenants appropriately

First of all you should consider screening tenants before allowing them into your property. It is a simple way of keeping troublesome characters off your property. It is also important that you put tenant landlord agreement in writing to keep things clear and ensure that you treat all tenants equally and without any discrimination. Discriminating prospective tenants based on sex, race, origin, disability or even familial status can land you into trouble. It is also important to respect their personal privacy even if the property is yours by notifying them prior to entering their rental