It’s no secret the local Las Vegas Real Estate market is going through some changes – but, it’s a much better picture than what the media is painting. Yes, our area is awash in approximately 13,000 foreclosed homes and prices will remain low until these distressed properties are sold. And this foreclosure inventory negatively impacts our local real estate market at all levels, including homeowners, renters, sellers and buyers alike.
But, our market is in much better shape than you would think and we may have bottomed out. Our sales have increased every week since January of this year and the number of homes closed in the last 30 days as of the middle of March are 44% higher than those in early January of this year. Pending sales, which is an indicator on whether closings will be up or down in the next 30 days, are up over 89% since January – this tells is there is renewed activity in the marketplace, including Las Vegas homes!
A local Las Vegas Realtor, RE/MAX CENTRAL of Las Vegas has developed a proactive and innovative business model that blends marketing, out of the box thinking and extensive training, with an end game of helping to sell Foreclosed homes. They have also spent a great deal of time on the front end of the sales process educating consumers (both buyers and sellers) so they understand how this specialized real estate transaction should be handled advantageously. The co-founders of this firm, Ruth and John Ahlbrand are also working closely with Senator Harry Reid’s Foreclosure Task Force to educate and inform our local markets about how to deal with Foreclosures.
RE/MAX CENTRAL’s systematic approach starts out with their bringing in third party organizations to provide extensive amounts of training for their sales team, as the Foreclosure process is highly specialized and can be difficult to work through. This training is integral to their systematic approach, as it enables their sales team to work effectively with consumers in a consultative manner during all phase of the sales process, ensuring all transactions are handled smoothly and with excellence in customer service.
RE/MAX CENTRAL, a Las Vegas real estate company, couples their sophisticated training process with daily research to come up with a list of Las Vegas Foreclosed homes that is current and then utilizes aggressive marketing to drive broad consumer awareness of great Foreclosed home deals to a specialized web site http://www.tourvegashomes.com. The site has a simple form that enables visitors to quickly register for regular bus tours of Foreclosed homes throughout the greater Las Vegas area, with tours that target our multinational region, including specialized tours in Spanish and Chinese.
But RE/MAX CENTRAL of Las Vegas doesn’t stop with just generating foreclosure inventory and then selling it via a bus tour like some of their less sophisticated competitors. They conclude the Foreclosure bus tours with a visit to their training facility where they hold a question and answer session for all and hand out a Foreclosure Booklet they have written, which provides a good overview of the entire process.
Their systematic approach, careful planning and solid execution have already been recognized in the broader market – we’ve been told that several national news media outlets are preparing feature articles on their pioneering methodology which will compliment their being featured in the last month via two of our local TV stations. Stay tuned for more good news about this local innovative company, formed by professional client-oriented Las Vegas Realtors!
Investors might break into the foreclosure market by working with a realtor to find bank owned foreclosures. This side of the business is highly lucrative in today’s market. Another option that is also very relevant to investors is the short sale, where investors negotiate discounts on properties before they are foreclosed. This can also be highly lucrative and the key to success here is to educate yourself properly.
Free foreclosure investing seminars are out there, even in your area or certainly online, and everyone has to start somewhere. Every investor needs training and free foreclosure investing seminars can be great tools in learning how to successfully complete short sales.
You might be wondering where to find free foreclosure investing seminars or what the catch may be. The bottom line is that, whether it’s online, or at a local real estate club meeting, there is information to share and some of it is going to be free. Why not take advantage of it? Even if the trainer has something they also want to sell, you have the choice to buy and the free part is yours to keep!
I think buying foreclosures can be risky for the investor because, without some sort of education (including free foreclosure investing seminars), you run the risk of not really knowing what you are doing. The free foreclosure investing seminars that exist can help with your own education and do so in cost-friendly manner. Starts today by doing an Internet search to see what free foreclosure investing seminars are out there. What do you have to lose?
In today’s market, there are indeed unlimited deals to be found within the realm of buying foreclosures. Whether you’re just curious how to make a little extra money with buying foreclosures or really want to pursue a serious business, you owe it to yourself to seize the current opportunity and pursue it. Free foreclosure investing seminars are there for you and can help make this happen!
While more comprehensive training programs are recommended, take advantage of the free foreclosure investing seminars out there because the deals are also out there waiting. I highly recommend that you commit yourself to your own real estate education. In this vein, a free foreclosure investing seminar is a great place to start, requiring only a commitment of your time and no out of pocket expense! Again, what are you waiting for? I wish you the very best in success in all of your investing pursuits and in business as a whole.
D.C. Fawcett learned the real estate business from the ground up and now operates a world class investing business out of the Tampa, FL market. His training programs specialize in showing real estate investors how to achieve success in the real estate foreclosure market and have gained broad appeal around the country.
A lot many people want to know the best way to start in real estate industry because you can get involved in real estate in more ways than one. You can buy real estate rentals for enhancing income and create long term wealth. You can also buy land and build houses or buy rundown houses and fix them and sell. You can also speculate and buy real estate and wait for values to appreciate. All these are capable of being done with means at hand but if you ask me, I would suggest real estate wholesales, real estate jobbing or bird dogging real estate. Choose to call it by any name; the fact is that there are many advantages available to real estate wholesalers.
Real estate is a capital intensive business when you buy real estate. Real estate wholesalers do not buy properties, they simple locate profitable deals. They do all the hard work. They hunt for great deals like a bird dog and sell them to investors. The next big advantage is that you can do real estate wholesaling in your spare time.
Let me first explain what wholesaling implies in real estate. Unlike a wholesaler of commodities, a real estate wholesaler does not buy and sell in bulk. Real estate wholesales involve handing over single deals to investors. Handing over here implies handling over on a silver platter. A real estate wholesaler does a lot of marketing to generate leads, sift through them, identify motivated sellers, negotiates and gets control over properties. This control is acquired through a contract, which a seller signs, agreeing to sell at a specific price within a specific period. Real estate wholesalers use this period to find investors who have cash and are ready to close. Your focus as real estate wholesaler is on negotiating a price that allows a profit to both, you as well the investor.
There is zero risk in wholesaling real estate as you are only find qualified leads for investors. You use a variety of sources according to a systematic process of generating leads. What adds to the advantage is that you earn while you are learning. It is, in fact, a jumping board from where you can launch a full-time career as real estate investor.
Starting as a real estate wholesaler gives you the opportunity to build relationships with experienced players. Real estate investment involves lots of things besides writing a purchase and sales agreement with sellers and assigning them to investors. Mentors have little time to teach everyone who asks. Bring something of value to them and see how things change. Once they see there is profit to be made they will be more willing to teach you the hidden secrets of success.
If you wish to succeed in real estate wholesaler you need to know what investors are looking for: the localities, the price range et al. actually, you work as a detective. Investigate every clue (lead) and see if there is profit to be made. Once you locate a great deal, you zero in and get the seller to sign an iron clad contract.
Tips you need to know to save you Money, Time and Stress when buying a Bank Owned property. Bank Owned real estate is a perfect investment for the First Time Home Buyer as well as the Real Estate Investor and Move Up Buyers. Learn how to find properties eligible for 0 down FHA Financing or to inquire about the special FHA Rehab Loan for Bank Owned properties. I can be found online at tucson-fha-loans.com or at http Video Rating: 4 / 5
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Playa del Carme Real Estate News – New Development in Mayakoba
By: Thomas Lloyd
Posted: Mar 01, 2011
One of the spotlight projects in Playa del Carmen real estate in the up-and-coming area just north of town is the Mayakoba resort complex; besides hotels and a golf course, contributing greatly to image and lifestyle, the complex also includes Playa del Carmen condos for sale. Recently the company announced its plans to begin construction of a second phase.
The president of OHL, the company which has developed Mayakoba, Juan Miguel Villar Mir announced that the company will be investing 1 billion dollars in the development of this second phase.
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He also announced that the company has invited Lorena Ochoa, a well-known Mexican golf champion, to design the new golf course, together with Greg Norman, designer of the current Mayakoba course, El Camaleon. This course is host to the Mayakoba Golf Classic, Mexico and Latin America’s first PGA event. This February, from the 23rd to the 27th, the fifth annual Mayakoba Golf Classic took place, and Ochoa participated as a special guest.
The golf course, the tournament, the hotel complex and the residential areas have all contributed greatly to the emergence of this part of Playa del Carmen as one of the city’s newest upscale areas, as well as Playa del Carmen’s emergence as “Latin America’s golf capital.”
As a result, many other fine Playa del Carmen property options are appearing in the area near Mayakoba, including villas, condos and high-end condo-resorts. Since the is relatively new, prices are still accessible and very competitive.
Villar said the project will be developed in an area of 400 hectares (just under 1000 acres), which will also include a support village of support for workers in the complex. He said that the company expected to comply with all environmental permits and begin construction in six months.
Villar, who was in charge of welcoming attendees to the fifth annual Mayakoba Golf Classic, said that besides the golf course and support village, they will also develop a residential area on the land located opposite the Mayakoba resort.
So far, OHL has invested over a billion dollars in five hotels, three of which are already finished and two more are under construction. The new investment for the golf course, support village and residential area will match this amount.
TOPMexicoRealEstate.com; Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Thomas Lloyd – About the Author:
Mexico Real Estate NETWORK; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”
Region: Playa del Carmen real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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playa del carmen real estate, playa del carmen condos for sale, playa del carmen properties, mexico real estate, mexico property
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What to Consider When Furnishing a Condo
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The state which includes the Playa del Carmen real estate market, has already seen proposals for a fast train serving tourists and residents travelling through the area; most recently, a French businessman has shown interest in investing in this project.
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Playa del Carmen Condo Sales; Another Tourism Recognition for Area
If you are going to invest in Playa del Carmen condos, there’s hardly a more ideal way to do it than to take direct advantage of the area’s tourism strength. Recently, Playa del Carmen and the surrounding area was awarded the “Best Tourist Destination in the Americas.”
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Playa del Carmen Real Estate – Residents Enjoy Sacred Mayan Journey
When people buy Mexico real estate, they are starting a life connected with a rich, centuries-old culture. This fact was recently reflected in Playa del Carmen through the ancient custom of the Sacred Mayan Journey – a boat crossing to Cozumel.
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Hud Real Estate Foreclosure
By: Sal Vannutini
Posted: Aug 06, 2008
Investing in HUD real estate foreclosure can be a lucrative business, but you need to know how to take advantage of this program, to make a profit. There are substantial profits to be made on repossessed houses. However you need to be knowledgeable and time your buying and selling right to take advantage of these properties.
Initially you will not be able to buy these types of properties for monetary gain. This is because these programs are specifically designed to help needy families afford to buy a home and investors are barred from buying these repossessed houses. Only when they have not been sold for a certain length of time can investors and agents buy these properties.
How to find HUD real estate foreclosure properties: You can find these by using special lists of repossessed properties. You can find them through real estate agents, registered with this agency, or online at websites that are registered with this agency. With the advent of the Internet it has become much easier to find these properties and take advantage of the huge savings you will be able to get. However it does take a little time to find these properties on your own, so it is often a good idea to find an agent who can handle this for you.
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Investing in HUD foreclosure real estate: Initially these repossessed properties are not available to real estate agents and investors. However after a certain length of time, if they are not sold, the houses will be available to investors. You need to keep up to date lists to catch the properties as soon as they come on the market. You can then resell the houses for a substantial profit.
As you can see there are obvious gains to be made from these HUD real estate foreclosures. However you have to be quick as there is a lot of competition. One of the best ways to get fully updated lists is to subscribe to a newsletter that supplies daily ones. Some sites will update their site daily; these are usually membership sites but are worth it. Explore all avenues to get ahead of your competition in this competitive field.
How to make a profit with HUD real estate foreclosure properties: The real way to make a substantial profit with these types of houses is to buy those properties that are in need of repair. Understand the actual market value of the property before you buy. All you need to do is to calculate what you paid for the house, plus any repair costs and subtract it from the market value. This will be your profit. You can start with properties that need minor repairs at first and when you have saved up some money go on to the ones that need more repair and investment. This is because you will be investing in the house plus repairs before selling and making your money back.
Plan carefully and do your math, by this means you will be able to make a good profit investing in foreclosed HUD real estate.
Sal Vannutini – About the Author:
Sal Vannutini is the author of ” The 8 Power Profit Secrets To Making More Money With Less Risk In Real Estate, ” a free strategy report for investors. Get your complimentary
Article Tags:
foreclosure, real estate, hud real estate, real estate foreclosure, foreclosure real estate, real estate agents
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Home Page > Finance > Real Estate > Build a successful real estate career through a multi-family dwelling portfolio
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Build a successful real estate career through a multi-family dwelling portfolio
By: Dave Lindahl
Posted: May 07, 2009
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In real estate, just as in just about anything else in life, there are always two ways to do a particular thing. Some are hard and some not so hard and the ‘hard’ in this case comes from a perception that real estate is about getting in and getting out fast rather than building up a multi-layered income stream that gives you money and keeps on giving you money beyond the ordinary, buy low, sell as high as you can and hope the margin is large enough to keep you going until the next deal.
The reason I am familiar with this scene is because I too started exactly this way making the exact same mistakes and yes, having the exact same point of view of the real estate investment business. What changed it for me was success which happened more slowly than I would have liked and was the inevitable result of accumulation of experience.
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I am now at a point where I have millions in the bank, own more than 4,000 apartments across six states and I am sought after by syndicates of investors who are willing to put up money for me to help them get a toehold in the real estate market.
I can tell you it was not always that way. What turned it round for me was the fact that I managed, single-handedly almost to change my perception by applying the common logic of risk-management. What I realised is that the purchase of a single-family dwelling has some inherent risks. The same risks are associated with its sale or, should I decide to keep it, its management. The point of illumination came when I realised that by increasing the scale I did not automatically multiply the problems nor increase the risk.
Quite the opposite in fact. I will give you an example: in a single-family dwelling it only takes a change of tenants and the property remaining empty for a month or two and you could see your profit for the year wiped out. But take the same approach with multi-family dwellings and although the chances of a property remaining empty for a month or two are the same, the fact that you have dozens of other properties taking up the slack means that all that really happens is your profit margin slims down a little.
It was this realisation that made understand that scale meant not more problems but, perversely fewer ones. Scale as in going from a single-family dwelling to a multi-family one, allows you to set up a level of management to run everything so you do not have to worry about dealing with tenants and can then concentrate on the important things, like making money!
Dave Lindahl – About the Author:
David Lindahl, also known as the “Apartment King” has been successfully investing in single-family homes and apartments for the last 14 years and currently owns over 7,000 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins, Robert Kiyosaki, and Donald Trump! For two FREE copies of his highly recognized newsletter Real Estate Insights, please go to http://www.davesoffer.com/ezine
Article Tags:
apartments, commercial real estate, commercial real estate investing, investing, real estate, homes, single family investing
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I know a lot of people who do the same types of deals they did when they first started in real estate investing. Now there’s nothing wrong with doing that if you’re content with what you’ve got. But if you’re looking for something more, you’ve got to take on greater investment opportunities. Here’s how to do just that…
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Real Estate News From Austin, Texas
By: Kinan Beck
Posted: Sep 22, 2007
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“A number of new statistics and reports out now will be of interest to real estate entrepreneurs and home buyers in the Austin, Texas area. The Austin Board of Realtors is reporting that for the first June in five years, sales of existing homes in Central Texas have dropped. In fact, in June 2007, sales dipped 6% from the same time one year previously. Some suggest that the reason may be stricter credit regulations imposed by lenders after the collapse of the sub-prime mortgage market. The drop in sales occurred mostly in properties priced at 0,000 or less, which suggests to experts that the dip in sales comes from buyers who no longer qualify for loans from lenders who a few years ago would have gladly handed out mortgages.
In June 2007, over 9,000 homes were on the market. This represents an 8% rise over the same time last year. This number of homes on the market is the largest in a number of years. It looks as though the market is moving to a buyer’s market, although median prices continue to increase, at least so far. In June 2007, the median price for homes in the area was 1,050 in June, which is a 7% rise over the same time last year.
In other market news, Grubb & Ellis’ second quarter Industrial Market Trends survey is out and is showing that the net absorption in Austin’s industrial rental market during the second quarter of 2007 was over 2.6 million square feet. Entrepreneurs and investors take note. Vacancy rates in the industrial sector were the lowest in seven years after dropping 90 basis points. The 68.4 million-square-foot sector is now at 7.3% and over 1.4 million square feet are still being constructed currently.
According to Grubb & Ellis’ second quarter Industrial Market Trends survey, Austin has a low vacancy rate of only 3.7%, which is in the standard industrial product. The standard industrial product led all sectors in growth, with 1.8 million square feet. At the same time, rents increased .38 PSF compared to the same time last year. Asking rents rose from .66 to .75 triple-net per-square-foot-per-year (NNN PSF/YR). The survey reports that part of the growth comes from Samsung Electronics Co. Ltd., which opened a 30 mm NAND flash memory wafer plant in the northeast. The 1.6 million-square-foot facility is one of the biggest such facilities in the country.
The Grubb & Ellis’ second quarter Office Market Trends report further described the office leasing market in the city. According to the report, the market grew for the sixth consecutive quarter in the second part of 2007. The over 39.2 million square feet office leasing market now has an absorption level of 600,811 square feet. However, the vacancy rate overall in the city grew 20 basis points higher to 11.5 % by the end of the quarter. The highest vacancy rate was among Class-B office spaces, which had a 12.7% rate. Class-A office space had an 11.4 % vacancy rate. Class-C office spaces had a 6.8 % rate of vacancy. According to the report, rents rose from .25 to .88 per-square-foot-per-year as landlords increased rents over the previous records set in 2000.
Kinan Beck – About the Author:
Kinan Beck is the Broker and co-owner of One Source Realty in Austin Texas. Visit Kinan’s Austin Real Estate Guide, visit his Austin Texas Homes website, & his Austin real estate website. He has seen considerable success in real estate, and looks forward to many more years in the business.
Article Tags:
austin, real estate, texas, homes, broker, agent, buy
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One of the most important factors affecting the potential for increases for prices of Mexico land for sale in the Tulum real estate market has been the upcoming international airport. The most recent progress of this airport has been the upcoming announcement of the company which will construct and operate the airport.
Specifically, in early February, Mexico’s federal agency to ensure fair competitiveness, COFECO, voted not to allow ASUR (Grupo Aeroportuario del Sureste SAB de CV) from participating in the bidding process. The reason for the decision is that this same company operates the Cancun International Airport, about 2 hours away, which is the only other major airport easily accessible from the Riviera, which stretches from Tulum to Cancun, including Playa del Carmen.
The move comes to ensure competitiveness between the two airports, offering the best prices to tourists and residents of Tulum and nearby areas. This fact is a benefit for anyone buying Tulum real estate for the purpose of retirement, vacationing or relocating to Mexico for any other reason.
On the other hand, Tulum land for sale is likely to benefit either way. Existing land developments along the Tulum-Coba highway are already seeing future benefits in their planning stages; recently, a new bypass was announced which would provide a highway route around the town center area, through which the current highway passes; this bypass will provide the access to the airport as well, which is located very near to its intersection with the Tulum-Coba highway. When this bypass arrives, residents of homes they build on their land will have easier access to Playa del Carmen, Cancun and the future airport. They can also expect to see prices rising – even more so when as the airport itself advances through planning stages.
ASUR reported that they would begin an appeal process, pointing out that they operate at very accessible prices, with Cancun Airport costing an average 134 pesos (12 dollars) per passenger in airport fees. This fee is set every five years by Mexico’s federal Ministry of Communication and Transportation, and therefore would not be affected by competitiveness, claims ASUR.
The capacity of the Cancun airport is currently 30 million passengers, and the new airport in Tulum would be another 15 million. ASUR has invested just under a billion dollars since the company’s privatization, to modernize and expand the structure of the nine airports that manages and, in particular, in the Cancun airport has received well over half that amount. For two consecutive years Airport Council International (ACI) has named the Cancun Airport as “the best airport in Latin America and the third best in the world.”
Whether ASUR is permitted to compete for the contract or not, those who invest in Tulum can expect to see good results in their return. The decision for the winner of the contract is expected this spring.
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