When it comes to buying commercial real estate, you must follow the same clear and trusted "rules" that are used for residential property investment. All real estate investors need to research thoroughly before making a purchase so that they know, when entering into the negotiation phase, what is the right price to pay for any piece of real estate. This is the difference between the professional and amateur investor as the amateur will tend to let his heart rule his head and pay over the odds for a property because he "liked it.
Any real estate investor or owner of investment property who isn't heeding this piece of advice is risking huge potential losses to their portfolio. Don't make the same mistake that so many other investors are.
No money down deals in real estate have been talked about and promoted by property gurus. For the amateur investor, no money down deals sound too good to be true.
In the last blog post about Allure condominiums auction I got to the place that the 1882sf came up and I started bidding. I also wrote that my investor and I had already agreed about the high limit of $350,000 which would have brought up the final price to $385,000 since there was a 10% auction premium for an unfinished condominium. The difference between professional auction buyers and amateurs is that the professional knows why he is attending the auction and the amateur doesn’t. The p
Investment grade UK residential property proved more resilient than commercial property in 2008 with capital growth decline of -18.0%, according to the IPD UK Residential Investment Index. While the movement in capital values represents a dramatic decline from 2007’s 13.4%, it compares favorably to the -26.3% fall in commercial real estate last year, according to the IPD UK Annual Index. Income return averaged at 3.2% – 20 basis points lower than in 2007, contributing to a tot
by Jeff Kaller The Orlando Real Estate Market has been making news across the country. Statistics show that compared to how the market did in 2007, 8 graphs from the Orlando Regional Realtor Association tell the story of increasing inventory, fluctuating interest rates and reduced sales. Each week news stories are coming out revealing the overabundance of downtown condos that are coming on the open market. Sales are so low that properties have been going up for auction. As time goes on with
TUSCALOOSA | The plastic soft drink bottle that leaves a house in a recycling bin could come back into that house as a new roll of carpet. ‘Some of the best carpet is made of recycled plastic bottles,’ said Tuscaloosa Director of Environmental Cheap Laminate Flooring PITTSFIELD — While businesses downsize in the economic recession, one small-business owner is taking the opposite approach. Ed Hyatt, the owner of Lakeside Flooring at 274 Wahconah St., is investing $20,000 to expand his
Thursday, July 8, 2010
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