Lubavitch Real Estate Blog

Posts Tagged ‘Real estate’

The real estate company Mission West in the past two years, has been contracted to sell 23 acres in McCandless Road in Milpitas. Carl Berg, director of REIT of Cupertino, California, interested in acquiring the rights to sell the property, said that because today’s economy, believes that the business would be “complicated.”

In the property there is a development of eight buildings and 427,000 square feet. The buyer, unidentified, wants to make a residential redevelopment on the property, and sought the necessary approvals for construction to make it happen. The contract price is $ 76.5 million. Read the rest of this entry »

Statewide in California, property prices showed a rise of more than 14 percent during March from the previous year’s figures. Listings of foreclosures, in turn, observed a low, and undermined the number of homes running statewide. Thus, the real estate in San Diego and other surrounding areas could be facing a new era of stability.

The rise in average a 14.3 percent rise in property values to pay for property in California, where some areas appear to have taken a sharp recovery in the first quarter of 2010. In the Bay Area of San Francisco, the rise showed a 31 percent rise in average property values, while real estate foreclosures minimize their activity. Read the rest of this entry »

Good news for those who are willing to buy a house or apartment. Is that the average house price fell slightly in August, which was 4.6 per cent, or about 3 tenths of a percent more, compared with the data set in July, according to the index Real Estate Appraisals (Tinsa) carried out on free floors, new and used.

We must also note that the percentages of the last two months does not make a definite trend, so you must be patient and cautious, and wait for the final results from quarter to draw conclusions, mostly because the data correspond to months of summer in which the activity is not normal at all, and more considering that in August 2009 prices fell by 8.9 percent.

At 17.9 percent is currently the cumulative decline from the peak reached in December 2007, in the real estate boom, and following the declines of the last two months. These percentages make even very slight increase in the rate of decline of housing values, thereby changing the moderation of these low during the first half of the year, which was cut short last July, and 4 percent in June.

To be more specific we can say that in particular, the largest decrease of August corresponds to capitals and major cities and the Balearic and Canary Islands, with a low of 5.5 percent and 5.3 percent respectively. Also on the Mediterranean coast, the decline was at 4.9 percent, while metropolitan areas and the rest of the municipalities, the August drop was 3.5 percent.

Everything seems to be down at this time regarding the real estate sector. Is that while the mortgage balance recorded its first negative balance in the last 14 years, late payment of mortgage loans granted to Spanish families to purchase a house lowered its rates to 2.568 percent in June. In this way, and adds its third consecutive quarter in low numbers, according to data reported by the Spanish Mortgage Association.

So mortgage delinquencies stood at last June at a level not seen since two years ago, more precisely in the last quarter of 2008, after which time he suffered a steady climb up to a maximum of 3 percent in September last year.

The Spanish Mortgage Association has also provided data on bad loans to resident private sector, through the month of July this year, which stood at the 5.524 percent, which represents the largest number of the last five years.

To review these figures and institutions, it must be said that credit institutions on July 1 had a delinquency rate of 10.13 percent, which is almost double of other entities.

Then the savings are those that had a higher rate of delinquency based on the resident private sector credit, with 5.515 percent, followed closely by the banks, to 5.449 percent, and credit unions with 4.224.

In addition to these data in terms of mortgage delinquencies, Spanish Mortgage in Association has also provided data on loan delinquency for housing rehabilitation through June, which fell to 2.92 percent, which meant the first decline since December….

This article will show a beginning Real Estate Investor how to become a Wholesaler. This is commonly the easiest way to break into the Real Estate Investing industry, and should teach you the basics to becoming a professional Real Estate Investor!

1. First I am going to assume you already know the basics of real estate investing and have a good relationship with a Title / Escrow company (or Attorney if you are in a state that requires Attorneys to be involved in real estate transactions). If you need some help understanding the basics I suggest you check out Jack Millers website  and purchase some of his booklets.

They’re super cheap and packed full of good content. I have never been a fan of any so-called “Guru’s” training materials but Jack was the real deal! Also you should read as many real estate / sales books as you can get your hands on. A few suggestions of good books are “Answering The What If’s In Real Estate” by Paul V. Xavier, “Trump Style Negotiation” by George Ross, and “Zig Ziglar’s Secrets of Closing the Sale” by Zig Ziglar. All of these can be found on Amazon.com.

In the beginning you might want to pair up with a more experienced investor and offer to help them find discounted properties for them for free if they teach you the basics of contracts, escrow, and creative financing! The ultimate goal of a real estate wholesaler is to “flip” properties with no money down, none of your own credit, in a relatively short period of time! The goal is to find someone that has the things you want and then ask them to teach you how they got them.

So if you know someone that is wholesaling that has a nice car, nice home, and a hot wife / husband…then you will want to mimic that persons processes that got them those great things. So know that we got some of the BS out of the way, let’s dive into the good stuff.

2. A typical wholesale transaction looks like this:

You hunt down a motivated seller that allows you to put their property under contract at a discounted price. You then market the property for sale for more than your contracted amount and when you sell it you keep the spread your created. The goal is to wholesale “a contract” in the beginning until you have enough money to go out and purchase the home with your cash or your investors cash. A person can wholesale any type of property (single family, multi-family etc.) and any type of deal (regular sale, pre-foreclosure, foreclosure / auction property, bank owned home, and short sale). Once you learn the paperwork, and who the key players involved are, then you can pretty much start printing your money because it is very easy to wholesale your way towards financial freedom! We will review the details of how this breaks down in the rest of their training. Read the rest of this entry »

Real estate as an investment is in most cases a fiscally sound opportunity-provided the price and property are right. As the maxim goes, “They are not making anymore land.” Real estate is of finite supply, but a person needs to how to compare and contrast properties to choose the best investment.

1. Determine the sale price of comparable properties that were recently sold in the neighborhood. This will give an investor an idea of the market of the property. The most complete comparable sale information is available through any local real estate agent.

2. Ascertain the desirability of the property’s neighborhood. Many issues factor into this comparison, including new construction, schools, crime rate and tax rates. The intangible value of the property will be greater if these issues are favorable.

3. Establish the amount of work that needs to be done to make the property up-to-date. Some properties will need almost no upgrading, but these properties cost market value or above. Typically, the best investment properties will need some work. An investor must determine if the labor and cost are feasible for a return on investment perspective. Read the rest of this entry »

Learning about real estate involves learning about a broad range of topics including land, structures, forms of real estate ownership and financing, forms of transference, and legal rights and responsibilities of real-estate ownership. Because laws, markets and financing rules through various entities change over time, learning about real estate is an ongoing process.

What is Real Estate?
1. The term “real estate” refers to land and any structure permanently fixed to the land, as opposed to personal property such as a car, an airplane or a mobile home on wheels. There are many methods of purchasing real estate, some of which are straightforward and others that involve creative financing and ownership, whether by a person, several persons, or an entity such as a corporation or trust.

How to Learn More About Real Estate
2. It is best to gain a general understanding about real-estate practices and principles before exploring alternative topics, such as manual and CD courses offered by real-estate gurus. Too often, these courses focus on one particular investment strategy and fail to explain the fundamentals. You can take a basic course or program about real estate through a local continuing education organization or through various sites online.

Benefits of Real Estate
3. Besides the use of the real estate, the two most favorable aspects of real-estate ownership are “leverage” and tax benefits. Leverage refers to the ability to finance real estate. Whether for your personal property or as an investment, it is best to approach real-estate transactions in a business-like manner with proper contracts and consulting professionals such as a real-estate broker, title company or attorney.

If you are looking to generate money in the long term the best option is to invest in real estate, since this type of investment is presented as one of the most appropriate strategies, because as you know every time there is a larger population and is needed these goods to have a place to live, so someone is sure to have a need for a place to settle, so the real estate investment, theoretically, be a resource for profit.

So for those seeking real estate investment, it is important to know what are the points of greatest importance in this type of investment and therefore should be well studied before going to invest in real estate:

One of the main points that very likely will be the key to getting good results by investing in real estate, neighborhood or place is the location, since this point will be one of the main risks as largely determine the value and appreciation of the property, mainly in response to changes that may occur in the place of location, changes that can increase or decrease the value of well over time and generate a profit or loss mean for investment. Read the rest of this entry »

Mistakes made by property investors, after speaking full-time real estate investors and other real estate investment professionals such as bankers.

a). No plan for the future. The absence of a real plan is the biggest mistake made by novice investors. Find a house after the formation of a good investment strategy is the right way instead of looking for a house to adapt the plan. Many make the mistake of buying a house, since it seems like a good deal and then try to see how it can fit into their plans.

b). Think you can make money quickly. The big mistake that real estate investors is to think that it is very easy to get rich in real estate. This is just a myth and the reality is that investment in real estate is a long-term project.

c). Do it alone. To be a successful real estate investor, we must build a team of professionals to assist investors in their deals. This ideally includes a professional real estate advisor and a good evaluator.

d). Making excess payment. Another reason that investors in real estate in your investment is paying too much for the products they buy. Paying too expensive blocks all funds in the property.

e). Apart from the field. Not doing homework can be a costly mistake if you are a real estate investor. All business areas need sufficient amount of homework to do, and real estate investment is no exception. Learn the basic principles of a professional’s advice on the purchase of properties.