How To Spend Money Wisely On A Commercial Property

When it comes to spending money to invest commercial, you need to consider the business sector type to focus. It is worth considering that purchasing commercial property can give you considerable amount of return. However, it can take time to achieve this objective. Therefore, you need to have persistence as well as intelligent planning.
It is of paramount importance to formulate a strategy and effective guidelines that will assist you to reach the desired goal with respect to investment in commercial property. Following are some useful pieces of advice on how to spend money wisely to accomplish such goals.
The truth is that you have scores of investment opportunities in the investment market, but you have to find out how much time and effort you can devote and then focus on those commercial properties that meet the guidelines and can prove rewarding.
You next step is to set a budget and figure out the cost of commercial properties being considered. You had better not cross the budget limit.
Aside from the abovementioned suggestions, you might find out how much you are going to invest, the kind of investment, and the required time span of return. For example, you can enjoy immediate income, equity growth, tax benefits and so on. Keep these above things in mind and design the investment accordingly.
Your next step is to know market strength. Only concentrate on deals that are considered strong in the market. If you have no idea about it, you had better turn to a professional real estate agent.
If you have no previous experience with investment in commercial properties, you are likely to make mistakes while purchasing properties. In order to avoid such mistakes, you can follow the following tips and make right decisions.
Every area is different; therefore, you should apply different types of techniques so as to find out if a property located in a specific region will be lucrative. For this, carry out a comprehensive analysis of the different regions and the income of the residents of those areas. By doing so, you will have an idea about whether it is good to invest in a particular area.
Another important consideration is the physical condition of the property. It covers tangible as well as intangible items related to the property. Tangible items may include building system, structural components and surroundings. Intangible items may include rules and regulations regarding the use of property, zoning, titles and so on. Again, it is most recommended to take the suggestions of a professional real estate agent.
Finally, it is a strong recommendation to collect information about the expected income from the property and the total expenses that would occur to own the property. It goes without saying that the expected income should be greater than the expenses involved. Keep these pointers in mind and you will be most likely to make the right purchasing decision and it will also save you a lot of moolah as you will be purchasing the property at a reasonable rate.

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Running Your Own Hotel or Motel

Compared to the traditional residential investments, running your own hotel or motel provides much more upside potential of the investment returns. In general, hotel or motel properties have two categories: flagged and unflagged properties.
Flagged properties
Flagged properties are properties that associated with a national chain or franchise. For the lenders' point of view, flagged properties are premium real estate. Franchised hotels or motels generally have higher occupancy rates due to the better national marketing campaigns and national exposure. The hotel franchisers will also offer greater support in the form of national reservation system and other daily management support. The disadvantage of the flagged property is that the franchisee has to meet the strict set of criteria set by the franchiser. Therefore, you may lose part of the control of the property. Moreover, in return of the services the franchiser has provided, you are expected to pay an annual basic franchising fees plus a fraction of profit from the sales growth of your business.
Unflagged properties
Unflagged properties are in dependently operated hotels or motels not connect with a national chain or franchise. Due to the lack of national exposure and support, if you are a new hotel or motel property investor has little or no successful investment experience, unflagged properties are much more difficult to operate. The only advantage of owing an unflagged property is that you don't need to pay national franchising fees and have full control of the property in all aspects from design to daily operation.
Additional fees and expenses
On top of the more complicated management and operation, investing in hotels and motels is also expected to pay additional fees and expenses. Transportation such as airport shuttles, taxis, or bus services may affect the operating costs of the property. Resorts that use other public or private amenities such as lake, health clubs, casinos, park or nature preserve may also be subject to use fees or membership requirements. For example, a lakeside hotel which has its own yacht club may expect to pay the user fees of the lake in addition to the cost of the yacht purchases. For bed-and breakfast properties, investors have to be careful of zoning restrictions, business licenses, and health department requirements. Because most of these businesses are residential-turned commercial properties, they incur costs of meeting government requirements.
No matter which type of hotels or motels you are investing in. Location, amenities, ages, management, and the property's physical condition all play a part how the property performs financially. Understand the strength and weakness of the property and address the problem in the early stage is crucial for the success of the investment.
Fewer lenders are eager to finance the purchase of hotels and motels, and those who are willing to consider it want to see stronger numbers than they'd require for multifamily, office, or retail properties. If you need to finance for the property purchase, make sure you work with a commercial loan broker who has access to specific hotel/motel lenders.

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Make Money Investing in Texas Real Estate

Foreign and domestic investors alike are throwing their hat into the Texas property arena. In the current state of the economy, it may very well be the safest and most profitable investment in the United States.
Lets take a quick look at the market in Houston right now...
Last May marked the 12th consecutive month of positive sales and growth in the Houston real estate market. The sales of single-family homes rose 29% since May of last year with and 8.5% increase in average sales price. Strong sales on homes from $250,000 and up pushed the average housing price up to historic levels.
For potential investors, probably the most important statistic is month end pending sales, which totaled 4,476, up 10.5% since last May. This suggests a further increase in sales for the upcoming months. Foreclosed sales totaled 7,327 in May, an increase of over 24% from that of last year. The large volume of sales has caused the price of these foreclosed homes to rise 4.1% to over $80,000 per home.
All this positive news may come as a surprise to many people. It is true, buyers and sellers alike are experiencing a national market filled with over-appreciated homes and a shortage of home-buyers. Texas seems to be the anomaly. Why?
"Texas Real Estate defies US property market" says Texas Real Estate Magazine.
Texas has an impressive 11.5% estimated profit increase according to the ROI. Of course, profit increase doesn't mean much to investors who have trouble finding tenants, such as in areas with high unemployment like California and Detroit. It's a good thing that Houston is a job creating machine that expects to have created more than 810,000 new jobs by the end of 2012.
Is Houston good for foreign investors?
In the past year, Texas has accounted for 10% of all international sales by foreign investors, coming in 3rd behind Florida (26%) and California (16%). There are a couple of reasons why foreign investors have suddenly turned their eyes toward the Lone Star. First, Texas has the single most self-sustaining economy in the country, experiencing stable growth on all levels. Second, Texas is one of the easiest states for foreign investors to set up an LLC.
Homes are going fast with an 18.1% decline in available listings over the past year. Also, the number of available single family homes has reached its lowest point in the past 5 years. The market is in a position where the sooner you act, the more returns you're likely to earn.

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A Bigger Trend - The Tiny House

"Revolution" is a strong and powerful word. It certainly is more powerful than the word "trend." Not so long ago the word "downsizing" was used to describe an extended period of extreme job loss that changed the lives of many and dashed the dreams of home ownership for others. From 2008 to 2010 there was an increased awareness of American consumer habits as a result of the downturn in the economic climate that identified habits to live life LARGE including indulgence in super sized beverages, servings of French fries and even more importantly building "McMansions" that were far from modest homes. A large percentage of those homes with extreme amenities are now assets or liabilities of bank portfolios.
Historically, periods of economic hardship have resulted in success stories for large and small corporations alike. Companies that offer tiny houses may be the next great success stories on the "timeline" of our country. Without a doubt, this concept offers great spaces in great places. These homes are a creative and innovative alternative to traditional home ownership amidst a changed economic climate and a distressed housing market. Tiny houses offer alternatives to paying high rent and are portable which alleviates the red tape of building codes and permits.
Tiny houses are generally built to include 50 to 750 square feet and come complete with all of the necessary features of a comfortable home including portable heating and air conditioning. Thanks to portable climate control, homeowners of tiny houses can even have outdoor pet houses and not have to worry about their pets acquiring heat or cold related illnesses. Tiny homes do not have unused hallway spaces and promote a more "Earth Friendly" lifestyle. Tiny houses are also a great option for those who may be seeking a cabin or a "second home" away from the hustle and bustle of life. Hallways in tiny houses can be utilized for storage spaces and homes are complete with a designer feel and look much like modern day homes. The benefits of living in tiny houses are numerous and include:
-No or low mortgage payments
-A significant decrease in monthly utility bills
-The possibility of "off-grid" living
-More choices in where a person would like to live (think rural versus urban)
-Feeling a greater sense of control over one's finances, regardless of what's happening on the "national/global" scene
-The ability to add a rental property for additional income for a fraction of the cost of new building construction
-A lifestyle based upon simplicity, rather than complexity
After giving the "tiny house" concept some consideration, many may ponder this question "if my home is smaller, if I have less material items, can my house still be a home?" Is "keeping up with the Joneses" more important than focusing on our passions and dreams? More than likely the answer to both of these questions will be a resounding "yes." After all, haven't we all noticed an increased trend in restaurants offering Tapas and "mini desserts" to eager consumers?

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How to Protect Yourself in Real Estate Litigation

If you are interested in purchasing or selling property, it is always a good idea to have some sort of legal counsel on hand to educate you on the finer points of real estate litigation. No one ever really talks about how they were almost done completing the purchase or a sale of a property only to end up in court because the other party decided they wanted to alter the terms of agreement and will not compromise or work thing out cordially.
Disputes happen every day, especially if the contract was misrepresented, misread or ignored. When this happens, the type of dispute that arises is so hard to resolve between the parties that are involved, that real estate litigation is often needed to resolve the issue and complete the purchase.
Since the laws surrounding property transactions can be very confusing, even to a professional agent, some kind of counsel is needed, especially if the matter is going to wind up in real estate litigation. Even disagreements between the builder and the person or company that commissioned the builder can arise and since it is very hard to resolve such matters without one or both parties breeching the contract and causing even further complications to develop. The real estate litigation process is a great resource to have.
It is a good idea to have legal counsel, if you are in facing foreclosure as well. Most people, who find themselves dealing with this type of situation, often are in disagreements ad disputes with their lenders. Many people are not aware they have this resource. Sometimes things can happen where a lender has resorted to some unscrupulous tactics to take back a home and foreclose on a client. Often it is hard for a person to prove that they are the victim. By hiring an attorney and filing for real estate litigation, the lawyer can get the proof that is needed to prove the victim's case. Once the facts are out in the light, it is possible to reverse the foreclosure process and keep their home.
No matter what role you play in any property transactions and no matter what type of process you are involved in, it is always a good idea to have a lawyer just in case a problem arises where further intervention is needed.
Remember, any real estate venture you are undertaking is an investment and you need to protect your interest at any cost. You don't want to inadvertently end up out of thousands of dollars and nothing to show for it. To keep yourself from getting the bad end of the deal, you should have someone who is educated and trained on matters dealing with real estate litigation. That way any modifications that are needed can be done and presented to the other parties that are involved. This can go on until all parties are completely satisfied with any arrangements that are made and stipulated in the contracts.

Getting advice from a professional with Chicago IL real estate litigation  experience can help you avoid costly errors. To make your next property transaction a smooth one, go to  http://www.voelkerlitigationgroup.com.

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How To Find A House For Sale

When you have recently bought a house and you think you got what you're looking for and then one day you saw this beautiful house for sale in your neighborhood, how would you feel? More likely, you'll feel disappointed and all. But always remember, there will always be houses for sale with different designs and price ranges in different locations. In other words, be glad you 're finally done with all the process. The ones who could use a few helpful tips on how to find a house for sale with the best deal are the first-time home buyers.
The most important thing that a home buyer should do is prepare himself for all the work associated with buying a house. Even if you hire a real estate to guide and assist you, you should always get yourself involved. An agent will present you with different opportunities and get you the best deal, but the final decision will be yours.
If you are still in the stage of searching for a property and you know the location, you can easily start looking up online. However, you may not get a complete listing online as compared to having a real estate agent lay all the opportunities on the table. While there are success stories of home buyers getting their dream house without the help of an agents, a lot of people found the benefits of having an agent doing the job for them.
However, if you are not in such a hurry of buying a property, that lets you buy a lot of time making inquiries, looking at newspapers, asking friends, browsing online, or collecting brochures. But if you don't have much time, then a broker can help you every step of the way.
The best thing about having a agent working for you is that you don't get to spend a lot of time visiting all potential properties. You only need to provide detailed information on what you are looking for in a house and the agent will do the initial evaluation for you. Once the agent found a few properties that match to what you are looking for, that's the time to visit each of the house for you to choose from.
In addition to that, real estate agents will negotiate on your behalf so you get the best deal. The fact that they know everything about the real estate industry, they should be able to negotiate the property so you get the right price. If you are to sum it all up, hiring a real estate agent to find you a house for sale that meets your requirements and get you the best deal is more convenient than doing the house-hunting yourself. Would you agree?

Click here for more information on how you can find a house for sale with the help of a real estate agent. You may also want to check out a listing of available properties.

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