Archive for August, 2006

Best Rules for Your Success in Income Real Estate

Sunday, August 27th, 2006

YOU CAN BE SUCCESSFUL IN INCOME REAL ESTATE, if you follow proven rules. Here a number of these rules you can use:

NEVER PAY “Front Money” or advance fees for loans. A fee is fair AFTER you receive your loan money, NOT BEFORE!

DON’T BASE YOUR FINANICAL OPINION of an income property on whether or not you would live in it. The only valid measure is if the property earns a Positive Cash Flow for you and rises in value as time passes.

Which Properties Are the Real Opportunities?

Friday, August 25th, 2006

Your lead generation activities are working, and you have investment opportunity leads. Now what? The number one cause of disillusionment and lost momentum is chasing too many leads that look like opportunities but aren’t. Although there is no foolproof way to avoid wasting some time with these “suspects”, there is a way to avoid wasting a lot of time. It’s called qualifying your leads. All this means is that you always must ask a few qualifying questions of the seller or the referrer to make sure the property falls within your Criteria for what you’re willing to consider. In other words, they qualify as “prospects”.

Ideas on keeping cool without raising your AC bill, controlling impulse shopping, reducing your car insurance and more

Thursday, August 24th, 2006
Utility Bill Relief

Years ago, we purchased a dehumidifier that we have on a timer to run approximately three to four hours at night. This removes about one gallon of moisture per night. It is much cheaper running a dehumidifier than the A/C. The A/C setting can be regulated at a higher temperature due to less humidity.
Lee B.

Buy the Highest Price?

Here’s a tip that has saved me a lot of money on building supplies over the years. When I need something, I shop around, and then buy it from the one with the highest price.

Top Commercial Real Estate News

Thursday, August 24th, 2006

Office & Industrial Markets Look Strong for Q4
The National Association of Realtors’ Commercial Leading Indicator for Brokerage Activity was up 2.5% in Q2 compared to the same period in 2005. This indicates that net absorption and commercial construction activity will continue to grow over the next six months. The NAR projects that there will be $300 billion to $310 billion in office and industrial construction in Q4, up from the $296 billion reported in Q2. It further projects net absorption of 70 million to 90 million sf in office and industrial in the fourth quarter.

Increase Gross Rental Income

Wednesday, August 23rd, 2006

Successful Real Estate Investors achieve higher rents than others. Some of the investors in our research group followed the 1 percent rule of thumb for rents, getting 1 percent of the property’s market value as the monthly rent (i.e., a $100,000 house would rent for $1,000 per month). When we looked at rents and values in a large number of markets, that rule of thumb seemed too optimistic, particularly for single-family homes. We determined that 0.8 percent for single-family properties was probably more realistic as a rule of thumb. But that rule of thumb didn’t hold up: Many of the successful real estate investors consistently achieved higher-than-average rents. How do they do that?

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