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Frank Muterspaw
CRS GRI CIPS

Your Real Estate Connection To Silicon Valley

There are typically two types of Real Estate investors. Let's call the first type a "true investor" and the second type the "expert investor". The true investor will typically have several completed transactions and no matter how many deals they have completed, they are still listening, learning and trying to gain knowledge. Your expert investor has yet to purchase the investment Properties. They don't understand the difficulties of making a Real Estate investment yet attempt to overwhelm others with their vast knowledge attained at last weekends' seminar. When what they need to do is listen and learn.

Being a successful Real Estate investor hinges on finding good Real Estate investment deals. It does not hinge on being Properties management expert, a repair person or closing attorney. Successful investors use professionals.

A successful investor must understand leverage. The less money you need to put down on each Property means the more properties you can buy. It also increases your return on investment for the Property. The smaller your initial investment, the higher percentage your return on that investment is.

With this in mind, here are some basics of Real Estate Investing.

TV makes it look easy: The home flipping programs lead you to believe that there are home owners just standing in line to give you the equity out of their homes. This is absolutely untrue. The programs downplay all the work involved and accentuate the money made by investors. They don't show what goes into finding that property, the networking required to take on the project, the management skills and market knowledge needed to understand the numbers. Investing can be lucrative, but it is hard work.

Test the waters: So today is the day for you to find that perfect flip or rental property with a hefty price tag that is going to make you millions. That is like stepping onto the course with Tiger Woods and expecting to win. In real estate where one mistake can turn a deal sour, you need to walk before you can run. By starting out small you can reduce your costs and overall risk. What does that mean? If you're looking for a rental property, look for one that is already rented. It will make it easier to calculate your cash flow. If you're buying a rehab project, carrying costs can be substantial. Buy the home as your residence to lessen the effects of the carrying costs. Or make sure to build plenty of carrying costs into your calculations.

Use Professionals: The worlds leading corporations have a board of directors made up with professionals that are experts in their fields. You should too. Good Realtors have networks of quality professionals already in place. Finding that good Realtor is where your search should start. Don't hire any agent that crosses your path. Find a full time agent that works with investors, there are many that don't. You should be wary of any that say they can help you before first evaluating your situation and goals. You don't want the Realtor who takes anyone that comes along. You want the one that first hears you out and evaluates your goals. Then based on your goals and the market conditions your Realtor can give an honest opinion of where you stand. You want to make sure that Realtor is someone you feel you can trust even if they don't always agree with you.

Once you find your Realtor don't go after their commission: A good Realtor with a solid network can make you a lot of money and is worth every penny of their commission. A good realtor will have many clients and you don't want to be in second place due to commission issues. When they take you on they are making a commitment to you. Expect to make a commitment to them in return.

It is not a get rich quick scheme: Successful investors realize that long term wealth lies in income producing properties. Purchase properties in markets that you feel will appreciate. Then hire a property management company. Hold the property and check its value on a yearly basis. Over time the property should appreciate in value and earn big returns.

Don't be afraid to move on a good deal: When you see an opportunity, seize it. Once under contract, there are many ways to terminate the agreement and get your earnest money back. That gives you additional time to further evaluate a property. Waiting and missing out on a good property could cost you big if another investor steps in and gets the property.

Lastly, successful real estate investors are successful because they find deals they can make money on. Plan for the worst and if you can still make something it is a good deal.


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Manufacturers of Modular buildings and portable accommodation Tabs Technicom UK PLC http://www.tabstechnicom.co.uk

Manufacturers of Modular Buildings and portable accommodation Tabs Technicom UK PLC Why should you consider prefabricated Modular Buildings? Here are three good reasons: money, time, and variety. Prefabricated Modular Buildings generally cost less than buildings made through traditional stick construction. Prefabricated Modular Buildings can be ready for occupancy in a much shorter time than stick-build buildings. And with the growing number of builders converting to the construction of prefabricated Modular Buildings.

The speed with which prefabricated Modular Buildings can be erected accounts in part for their lower cost. Virtually all prefabricated Modular Buildings are constructed for the most part in a factory where skilled and unskilled assembly line workers using highly sophisticated equipment can produce more with a high degree of efficiency and accuracy than an individual builder could hope to do. Prefabricated Modular Buildings are made year round in climate controlled factories. Stick-built buildings - especially those constructed in parts of the country with severe winters - are built on schedules subject to being adjusted for weather conditions. Construction flat out stops in many parts of the country where it gets too cold to build and spring rains can cause further delays.

To be fair weather can affect prefabricated Modular Buildings too specifically in terms of foundation work and also its possible weather could delay the delivery of the prefabricated Modular Buildings to the site. But the actual construction of the prefabricated building is unaffected by weather. Factory assembly lines can lower the per unit cost to the consumer by producing each unit faster, using unskilled labor, and purchase large amounts of materials at quantity discounts. The finished product is also of higher quality. One drawback of mass production is uniformity. The factor turns out high quality low cost prefabricated buildings but the way factories are set up to mass produce, all the units they produce will be identical and if you don't like the style being produced then you'll have to pay more to have a custom designed prefabricated modular building constructed especially to suit your needs and tastes.

Another advantage of prefabricated Modular Buildings is saving on the hidden cost of vandalism. The local contractor may find this a serious problem at a building site but an enclosed factory provides much better security. The building contractor no doubt passes on the cost of vandalism to the end consumer. According to the executive vice president of the National Association of Building Manufacturers one of the biggest contributing factors to the growth of the prefabricated modular building industry is the diminishing supply of trained and skilled craftsmen in the construction trade. As time has passed, older craftsmen have retired and the younger generation has chosen less physically demanding careers. The number of apprentice programs has declined too. All these factors contribute to an increase in the prefabricated modular building industry.