Archive for September, 2009
Karma And Real Estate Investing
We hear are all kinds of great sayings about the power of the positive and paying it forward. The truth of the matter is that far too few of us actually employ those same practices in our businesses. Real estate investing is one field in which we have a very real opportunity to perform good deeds while making a profit. Not many people are that fortunate in their lines of work. If you are considering the field of real estate investing for a business and you want the opportunity to help others what better way to help them by than helping them along the path to home ownership?
As long as you go about the process responsibly you can help families overcome mistakes and rough patches in the past and still manage to find their way to home ownership. One way this is possible is through offering a fair lease option. Of course you shouldnt stop there. You should also put them in touch with the resources they will need in order to make good on the lease options rather than leaving them to their own devices to be swallowed up by sharks or predatory lenders in the future. With the collapse of the subprime real estate market and record numbers of foreclosures there are more people needing second chances when it comes to the American dream of home ownership than ever before.
In order to be a responsible landlord when it comes to offering fair lease options to your tenants you need to not only offer to get them credit counseling help that will put them in a better position to actually get the financing they need to purchase the property when the lease term expires but also help them get the education they need in order to avoid those deadly adjustable interest rate mortgages which for many are the very reasons they are in their current financial positions.
The ability to help others while making a profit is one of the best reasons there is to enter the world of real estate investing. In the current market there are many opportunities that exist to help those who have lost homes as the result of the recent hardships experienced by subprime lenders. In other words you arent limited to only one style of real estate investing if your ultimate goal is to help others while making money.
Among the available choices is simply renting out safe homes in decent neighborhoods at affordable rents. Allowing people to have a safe haven to call home is still a big deal especially when you can sleep peacefully at night because you are offering them a reasonable rate on that rental. This is a great real estate investment for those who arent yet interested in offering a lease option at this time or are easing into the landlording process of real estate investing. Just remember that the important thing in this situation is that you remain responsible in your practices you avoid getting greedy and you remember that you actually want to help others live the American dream through your real estate investing.
About the writer: Isnt it time you learned how to capitalize on one of the best markets for real estate investing? With the recent flood of foreclosures now is the time to learn to invest correctly in real estate from the hosts of the nations leading show on real estate investing Judson and Lynn Voss. Visit http://www.yourrealestatefortunes.com and learn for free the nohype truth about choosing the right real estate investing strategy to start making you money today.
Is Real Estate Investing Dead
If youve been paying attention to the news lately you may be under the impression that the bottom has completely fallen out of the real estate market and that theres very little if any opportunity left in the arena for those in search of serious profits. Just watch the nightly news. Theyll tell you just how bad it is out there and how everything has turned for the worse in every way shape and form.
The doom and gloom analysis that litters the airwaves blogs and newspapers these days is reinforcing this bizarre notion that real estate investing is a fools errand. People make a point of trumpeting the bad news about the economy leading even otherwise reasonable people to worry about the reasonability of sinking even a single dime into real estate.
In the final analysis though thats all misleading. What those doomsday prophets arent telling you is just as important as what they are screaming day after day. You see the downturn isnt a onesided thing. It may be whipping those who went into the market and didnt protect themselves adequately but its also kicking open door of opportunity left and right.
The socalled collapse has led to a fast market overcorrection. Right now many properties are wildly undervalued and sellers are far too motivated to hold out for the right deals. Real estate investing has never seen happier days in that senseits a lot like shopping a sidewalk sale. The deep discounts are everywhere and smart buyers should be snapping up winning properties as quickly as they can.
Thats the real investment story of the day. Instead of focusing on the ugly side effects of a market meltdown for some we should be paying attention to the real estate investment opportunities its creating.
Remember all investing boils down to a very simple formula: Buy low sell high. Right now buying low is easy. In time selling high will be just as easy. If youre ready to get into the market the right way and have a willingness to hold your position until an overreactive market comes to its senses its a great time to get into real estate.
Dont let the horror stories and the pessimism turn you off to real estate investing. You should be seeing current market conditions for what they area great chance to get into wonderful properties at a bargain rate. Your dollars can go farther today than they have at any time in recent memory. The cutrate deals you can ink right now have the potential of being some of the biggest winners on record.
They say that every gray cloud has a silver lining. That may not be the best description of the current situation though. The lining in the current real estate investing cloud appears to be nothing less than solid gold.About the writer: Get more Real Estate Tips and other investing resources from the Investors Oracle at http://www.investorsoracle.com
Investment In Resort Properties In Thailand
One of the fastest growing areas in the Thai property market is branded condominium developments. Recent examples of similar projects in Singapore where returns were up to 50 greater than for nonbranded developments have inspired the Thai market. Growing numbers of tourism makes these developments very promising ventures and the Thai government’s newly deregulated property sector is also having a favorable effect on developments like these. In the related industry of luxury housing there have also been large projects announced recently in Thailand by Magnolia Quality Development Co to create large luxury housing estates and condominiums.
Thailand recently emerged onto the global property market after over 15 years of military rule and very tight controls on property ownership by foreigners. The new Thai government wants to motivate investors to put their money into the country and so has reduced the transfer fee on properties from 2 to 0.01 until the end of March 2009. On multimillion dollar construction projects like branded hotels this makes quite an impact on the net profit. In addition the specific business tax has been reduced from 3 to 001 for the same period of time.
However it is not only due to tax cuts that branded hotels and resort properties are becoming hot items in Thailand’s property sector. Across all of Asia five star hotel brands are working in conjunction with developers and owners to boost the availability of luxury accommodation. It is attributed to the confidence that branded resorts inspire in investors. Projects are generally meticulously and expertly planned by people with experience in similar successful projects overseas. Hotels and resorts with a strong track record are finding that property investment in Thailand and in Asia generally can yield especially high returns. In Singapore recently a brand name condo development sold for 4000 per square meter as opposed to the 2500 that such a development without a brand name usually fetches.
In a property environment where many more projects are announced than completed brand name resorts make investors feel more secure. It offers them some measure of assurance that a project will not only be built it will be finished to a certain standard and will come with some readymade customers as global visitors look for resorts and hotels where they know what to expect.
One of the first developments in Thailand to take advantage of such premium prices for luxury condos is Magnolia Quality Development Co which will develop both single houses and condominiums under the brands of Baan Magnolia WHIZ.dom and Eco Village. The six projects to be launched will be worth around 10 billion baht. One of these is the Baan Magnolia 4 true Eco Park which will include residential units a resort and a hotel. They are hoping to cash in on the current boom in branded resorts. A spokesman for the company said they would be focusing on quality products to ensure strong sales rather than lowering prices to attract more customers.
These developments by Magnolia should also have an increased profit margin as costs have been cut by shortening the cycle from design to completion by a huge 3050. They are confident of having investors and now only have to choose which of the potentials will come on board.
Tourism in Thailand is set to increase by 20 per year owing to the prevalence of extremely cheap stop over flights as compared to the relatively expensive direct flights. Thailand’s unique geographical position gives it an advantage for the tourism sector. Its extensive natural attractions along with the relative inexpense of local facilities compared to in Europe and America ensure that resorts five star hotels and luxury accommodation will always find customers.
Overall the resort property market in Thailand looks set to grow especially where branded developments are concerned.
About the writer: Gregory Smyth is an independent author providing assessment and comments on leading International Property Consultants in Asia and Greater China especially CB Richard Ellis.