February 6th, 2010
In this day and age of recessionary concerns and foreclosures both in the residential and the commercial market, it is a prime time to pick up on some good self storage business deals. The market is ripe for self storage units that are going under amid the weight of the continuing recession and the mortgage banking woes that are affecting each and every American citizen.
Just as the home mortgage meltdown has created an influx of foreclosed on properties that can be had for pennies on the dollar, this is also true in the commercial sector. When self storage units run into trouble they usually call upon the bank to repurchase the loan and if the bank does not want to go through with that deal then they are forced to put the business on the market for the highest bidder. This is where you come into play with a bid that is right below the maximum bid for like kind and quality self storage unit business in the neighborhood and more than likely the property will be yours.
This is not to say that you should drive the price down this is only to say that you would be doing them a favor, them being the business owner of the failed self storage unit endeavor and it will make their load that much lighter. What it takes is a glut of capital and this is not in reference to a few thousand dollars as it takes easily over fifty to one-hundred thousand dollars to even invest in any type of property that is suitable for a self storage unit business. Read the rest of this entry »
Tags: Best Way to Purchase a Self Storage Unit Business, Loan, mortgage banking, Purchase a Self Storage Unit, Self Storage Unit Business
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February 6th, 2010
Homes cost money. No one questions that, but ultimately, the average consumer is completely unaware of just how much money their new home will wind up costing them- this is especially true for first-time home buyers.
Unfortunately, all the advice in the world often isn’t enough to adequately prepare someone. A home, already a six-figure purchase, comes with while I like to refer to as “expense timers”. An expense timer is something that will eventually cost the owner money, and the clock is always ticking. Unsure of what I mean? Keep reading.
Common “Expense Timers”
A home is much like a car in that it requires constant maintenance, repairs, and care in order to operate at maximum efficiency. When you were growing up, did you put much thought into how much work your parents did on your home? Based on the simple fact that ignorance is bliss, I sincerely doubt it. However, as soon as the tables turn and you find yourself as the home-owner, the amount of work becomes staggering. Read the rest of this entry »
Tags: Homes, Homes Cost Money, purchase a home without having to put some money into, sell a home
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February 6th, 2010
What are the Thailand real estate hunter’s options? Are there legal mechanisms that may allow foreigners to secure guaranteed and uninterrupted access to the land and use of the land for his lifetime?
Option 1:
1 Rai of land – 40 million Baht in Thailand.
A foreigner may be allowed to own up to 1 Rai of land in his/her name if he/she brings 40 million Baht into the country. Conditions apply.
Option 2:
Long-term lease from current owner.
This option is also known as ‘never ending’ lease option by the owner. The lease agreement will specify negotiated balloon payments at 1, 3 or 5 years intervals. This may be a good option if the leasee does not want to commit a large amount of money up front. Read the rest of this entry »
Tags: buying real estate in Thailand, Foreigners Own Land in Thailand, Long-term lease from current owner, Own Land in Thailand, Thailand real estate
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February 5th, 2010
Real estate investing has many opportunities, even in a depressed economy. Many new investors automatically look into the prospects of buying single family homes or land and completely miss the very lucrative apartment building market. Most find themselves intimidated by the prospects though as the details of buying and apartment building are very different than they are with a home or piece of land. Single family homes, comparatively low cost, and apartment buildings are a much heavier investment. Selecting the right apartment building can also be a daunting prospect and the thought of maybe becoming a landlord can be distressing.
There is a fundamental difference however between the two. When you buy and sell a house or piece of land, your profit on that deal is a one time thing and you will have to go look for more deals to continue to make money. With an apartment building, once the deal is closed and your building is occupied, the money comes in on a regular basis for as long as you own the property. If you have no interest in the day to day operation of your property it is simple to turn it over to a management company and let them do the work will you reap the profits. Read the rest of this entry »
Tags: Apartment, apartment building, Apartment Real Estate Investing, Real Estate, Real Estate Investing
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February 5th, 2010
Cheap living in a small living space doesn’t have to be doing without. It means using what you have more efficiently.
For example, in 1994 we moved from a 1800 square foot house to a 35 foot sailboat… about 60 square feet of standup room, remember the walls are curved on a sailboat. We had all the space we ever needed.
We moved to such a small living space because we wanted to, the sail boat cruising lifestyle offered a lot of fun and adventure for us. We were not disappointed.
Point being you can cut your living costs drastically by downsizing your home…to a home that doesn’t float either. Read the rest of this entry »
Tags: Apartments, Cheap Living, Cheap Living in a Small Living Space, downsizing home, Small Living Space
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February 5th, 2010
A monumental land survey is a type of land survey dealing specifically with the boundaries of the property. All monumental land surveys use physical monuments to mark the boundaries on the land itself. Commonly, the corners of the property are marked with a long iron rod driven vertically into the ground, though there are many other types of physical monuments which may be used.
These monuments are designed to be as permanent as possible, though land surveyors many decades ago used wooden posts or natural features which may be destroyed over time, making it difficult to re-trace their work today. Monuments in use today will have a cap on top of the iron rod identifying the surveyor who placed it.
This physical monument allows the easy finding of the boundaries and corners of the property when one is physically on the land, although the monumental land survey itself does have some limitations as far as the other information provided. For example, it usually is not concerned with any improvements on the property, such as fences or homes, and will not determine whether these were built to code or conform to zoning regulations. Read the rest of this entry »
Tags: land survey, land surveyors, Monumental Land Surveys, monuments are designed to be as permanent as possible, Point to Point Land Surveyors
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February 4th, 2010
Putting your money into any investment successfully requires a plan. Knowing what you have to invest, what level of risk you are prepared to take and which strategies fit in best with your particular needs is essential. Beginning property investing is not different. You will need to know about strategic planning, exclusive investments, training and industry news for the real estate professional and a host of other subjects. Investing in real estate can be very profitable if you lay the proper ground work and make use of the tools available to maximize your potential.
Investing in property can be a risky task, loaded with pitfalls along the way. Here are several tips to guide you along the way.
• Decide what area of real estate you are interested. Do you want to invest in single family homes or property, turning them over for a quick profit or do you want to buy into a rental that carries steady profit but costs more and carries more risk?
• Educate yourself in the market you have chosen. Know your local market, its trends, the general value of properties, tax issues in your community, etc.
• Know the real estate terminologies. Real estate has its own language and knowing it is vital. What is escrow, closing costs, and how do mortgages work? Read the rest of this entry »
Tags: Beginning Real Estate Investing - Some Tips, exclusive investments, investment, Real Estate, Real Estate Investing
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February 4th, 2010
When any self respecting housewife invites company for dinner, she cleans the house to impress her guests. If you’re selling your home and are having it inspected, as you should, you’ll need to do some house cleaning, too. That’s not so you can impress your home inspector, but so he can do his job.
Many times home inspectors can’t fully do what they’re supposed to do because certain areas of the home are inaccessible, due to clutter. When it’s time for your home inspection, you want to get your money’s worth. You don’t want the report to say, “Inspection limited due to the excess possessions blocking access and view.”
This isn’t about being a neat freak. The American Society of Home Inspectors ASHI®, Standards of Professional Practice, says inspectors are not to report on components or systems which are not observed. Your inspector isn’t required to disturb insulation or move personal items out of the way. If you’ve got furniture or plants in places your inspector needs to see, like the doorway to a utility closet, you’ll have to move that stuff. Clear off any snow and ice if necessary as well. Read the rest of this entry »
Tags: home inspection, Home Inspection Tip, home inspectors, homes water heaters
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February 4th, 2010
If you want to build a career as an equestrian, then you may be looking for a place ideal for horse rearing. You also want a place where you can ride everyday and practice the jumps over fixed obstacles, endurance riding and reining.
In looking for a equestrian real property, it is very dependent on what type of rider you are. An equestrian, who does riding as a professional, may have certain qualities and facilities that need to be present in their property, as opposed to those who just ride for fun.
However, if you are into equestrian real estate, here are the common things that you should look into:
1. The size of the land- Most equestrian properties are made of acres of land. It is vast and filled with greenery so horses can run freely within the property. Experts in horse rearing also mentioned it should also have trees because in warm days, horses would also need a shade to cool down in an afternoon ride. Read the rest of this entry »
Tags: Equestrian, Equestrian Real Estate, equestrian real property, Real Estate
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February 3rd, 2010
Let’s face it. Your basement is a hole in the ground, and you don’t want water getting into that hole. Grading and drainage are issues every home owner faces. Home inspectors find grading and drainage problems to be quite common.
If grading collects and holds water near a foundation wall it can cause basement flooding. That can lead to mold growth as soon as 48 hours after flooding, something you definitely don’t want. Of course, any amount of flooding can damage those valuable items you’ve stored in your basement, and you don’t want that either.
If you’ve lived in an area for quite a while, you maybe familiar enough to detect certain weather patterns, such as a wet spring that could cause flooding. You may already know you have to be on guard concerning water getting into your basement. However, aside from immediate flooding, water leakage over a long period of time will rot and damage wood framing structures and also cause damage to the foundation. That’s something to be aware of, too. Read the rest of this entry »
Tags: Buy a Home, Dealing With Grading and Drainage Problem, home inspection, Home Inspection Tips
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