I have been hunting around for the best places to invest my money for some years now. You see, I'm not an impulsive person. If anything, I am a little bit obsessive compulsive. I'm moreover a PhD. level student of mathematics. As such, I am interested in the mathematical reasons that underlie investment decisions. I'm also as interested in the mathematical basis behind stock market trends as I am with actually making money from them. Don't get me wrong, once I figure out what the best investments actually are, even if that means high risk stocks and shares, I will go out and make a killing. So it's not that I'm not that interested in making money, it is just that I have this innate desire to discover the underpinnings of the financial products that I am looking at, before I choose to invest in them. It's just the way my mind functions.
For sure, there is no one best spot to invest forever, however there are several reasonable ones. The finest place to invest your money depends on what you're aiming to do. You may perhaps invest in stocks for a variety of assorted reasons. And, if you do happen to get a hot tip, it might even be very sensible to invest in stocks. Though, I ought to point out that if you received some of those email hot tips that appear in a spam-like way in your inbox, just ignore them. The people who've sent them have only bought that stock themselves and are trying to get others to buy it too, after them, so that the share price rises and they can make a quick buck.
Anyway, what few people understand regarding the stock market is that the win-it-all or lose-it-all phenomenon is much rarer than the media makes it seem. Most people who invest in the stock market actually are fairly careful. They've usually placed a lot of cash into a stock, and are in it for the long term. They don't want to be reckless with their futures, so they make conservative investments.
My investigation of where are best places to invest demands me to come up with a definition of what "best" actually means. Since I'm a mathematician, I undertake to define it mathematically. The top spots to invest must possess a mishmash of characteristics. They must provide an investment opportunity that is money-making but, at the same time, as safe as possible. Usually, these attributes work in opposition.
For example, day trading on the stock market is extremely profitable if done right, but also really dangerous. Investing in land, on the other hand, may perhaps take a great deal longer to turn a profit however it tends to be much less risky. Hence, the overall best places to invest are a bit difficult to find. It is hard to find something that combines all of the favorable ingredients equally.
The most important thing to figure out is that the best spots to invest actually change from day to day. One week, the securities market may be in top condition. The next week, it might be the real-estate market. The finest places to invest money in the short-term change weekly, sometimes daily. And even the value of long term investments is subject to frequent change. It has to be said that if you want to invest your money wisely, you really need to do your homework.
Friday, February 27, 2009
You Can Reduce Your Investment Risk
Ideally, investors try to buy a stock when the price has reached a support level (a level at which the price is as low as it will go) and sell the stock when it hits a resistance level (a level at which the price is as high as it will go). This is easier said than done. Most investors end up missing out on a continual rise by waiting for a stock to plummet first, or sell way to early by underestimating how high the price will go. In this article, we will focus on the two most popular strategies that you can use to invest without having to worry about market timing.
Dollar cost averaging (DCA) is an investing technique intended to reduce exposure to risk associated with making a single large purchase. According to this technique, shares of stock are purchased in a specific amount on a specified periodic basis (often monthly), regardless of current performance. The theory is that this will lead to greater returns overall, since smaller numbers of shares will be bought when the cost is high, while larger number of shares will be bought while the cost is low.
An example of DCA would be as follows: If I want to buy 1,200 shares of IBM stock using DCA, then I might decide to purchase 400 shares of IBM per month over the course of the next three months. Hypothetically, during month one, the price of IBM may be $105 per share, and then it might drop to $95 per share during month two, and then rise to $100 during month three. If I bought all 1,200 shares during month one, I would have cost me $105 per share. But, by spreading the purchase over a three month period, I managed to buy IBM at an average price of $100 per share.
The primary drawback of using DCA is that you may not be maximizing your overall return. If there is an indication that a certain stock is currently undervalued and might shoot up in price, you would actually make less money using DCA than if you had bought all the shares in the beginning before the price skyrocketed. So, it is not always a winning strategy to spread your purchases over a period of time.
Value averaging, also known as dollar value averaging (DVA), is a technique of adding to an investment portfolio to provide greater return than similar methods such as dollar cost averaging and random investment. With the method, investors contribute to their portfolios in such a way that the portfolio balance increases by a set amount, regardless of market fluctuations. As a result, in periods of market declines, the investor contributes more money, while in periods of market climbs, the investor contributes less.
Here is an example of DVA: I want to invest in Yahoo using DVA. For the sake of argument, we will say that Yahoo is currently $10 per share. I determine that the value of the amount I am going to invest over the course of 1 year will rise, on average, $1,000 each quarter as I make additional investments. If I use DVA, I invest $1,000 to start. If, at the end of the first quarter, the share price has risen to $15 per share, that means that the value of my investment is now $1,500, which means I will only have to invest $500 at the start of the second quarter in order to bring the total amount of my investment for the first and second quarter to $2,000. So, I am investing less as the stock price increases.
Dollar value averaging usually works better than cost averaging because value averaging results in less money being invested as the stock price goes up, whereas with cost averaging you continue to invest the same number of dollars regardless of the share price. But, neither of these strategies are necessarily full-proof. Make sure you know something about the company you are going to invest in before you go forward.
Dollar cost averaging (DCA) is an investing technique intended to reduce exposure to risk associated with making a single large purchase. According to this technique, shares of stock are purchased in a specific amount on a specified periodic basis (often monthly), regardless of current performance. The theory is that this will lead to greater returns overall, since smaller numbers of shares will be bought when the cost is high, while larger number of shares will be bought while the cost is low.
An example of DCA would be as follows: If I want to buy 1,200 shares of IBM stock using DCA, then I might decide to purchase 400 shares of IBM per month over the course of the next three months. Hypothetically, during month one, the price of IBM may be $105 per share, and then it might drop to $95 per share during month two, and then rise to $100 during month three. If I bought all 1,200 shares during month one, I would have cost me $105 per share. But, by spreading the purchase over a three month period, I managed to buy IBM at an average price of $100 per share.
The primary drawback of using DCA is that you may not be maximizing your overall return. If there is an indication that a certain stock is currently undervalued and might shoot up in price, you would actually make less money using DCA than if you had bought all the shares in the beginning before the price skyrocketed. So, it is not always a winning strategy to spread your purchases over a period of time.
Value averaging, also known as dollar value averaging (DVA), is a technique of adding to an investment portfolio to provide greater return than similar methods such as dollar cost averaging and random investment. With the method, investors contribute to their portfolios in such a way that the portfolio balance increases by a set amount, regardless of market fluctuations. As a result, in periods of market declines, the investor contributes more money, while in periods of market climbs, the investor contributes less.
Here is an example of DVA: I want to invest in Yahoo using DVA. For the sake of argument, we will say that Yahoo is currently $10 per share. I determine that the value of the amount I am going to invest over the course of 1 year will rise, on average, $1,000 each quarter as I make additional investments. If I use DVA, I invest $1,000 to start. If, at the end of the first quarter, the share price has risen to $15 per share, that means that the value of my investment is now $1,500, which means I will only have to invest $500 at the start of the second quarter in order to bring the total amount of my investment for the first and second quarter to $2,000. So, I am investing less as the stock price increases.
Dollar value averaging usually works better than cost averaging because value averaging results in less money being invested as the stock price goes up, whereas with cost averaging you continue to invest the same number of dollars regardless of the share price. But, neither of these strategies are necessarily full-proof. Make sure you know something about the company you are going to invest in before you go forward.
Friday, February 20, 2009
Real Estate Information
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property, chattel, or personalty. However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
In spite of the name, real estate has no connection with the concept of reality (in other words, the law does not consider real property more "real" than personal property). It derives instead from the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to "royal estate", real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England and thus to the English language; cognate to Spanish real.
With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include:
Appraisal - Professional valuation services
Brokerages - Assisting buyers and sellers in transactions
Development - Improving land for use by adding or replacing buildings
Property management - Managing a property for its owner(s)
Relocation services - Relocating people or business to different country
Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate.
In spite of the name, real estate has no connection with the concept of reality (in other words, the law does not consider real property more "real" than personal property). It derives instead from the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to "royal estate", real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England and thus to the English language; cognate to Spanish real.
With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include:
Appraisal - Professional valuation services
Brokerages - Assisting buyers and sellers in transactions
Development - Improving land for use by adding or replacing buildings
Property management - Managing a property for its owner(s)
Relocation services - Relocating people or business to different country
Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate.
Wednesday, February 4, 2009
Residential Real Estate in Louisiana
Louisiana is a state rich in cultural heritage and fine architectural traditions hearkening back to the days of its early French residents.
Residential real estate in Louisiana, especially in it Gulf cities like New Orleans, has always been highly desirable because of its cultural heritage as well as its proximity to great Jazz music, annual Mardi Gras celebrations, and life in friendly, traditional neighborhoods.
Yet the wild and unruly Hurricanes Rita and Katrina ripped through the state in 2005, leaving much of the real estate underwater, caved in, or otherwise destroyed. Rebuilding efforts have been slow but they are still moving along.
Soon, the state will get a huge shot in the arm through a grant from the Neighborhood Stabilization Program (NSP), under the roof of the U.S. Department of Housing and Urban Development (HUD). Under the Housing and Economic Recovery Act of 2008, the state is eligible to receive $38 million in recovery funds offered through HUD's Community Development Block Grant.
The money will go towards curbing foreclosures in the hardest hit regions and recreating a stable housing market in Louisiana. The state would receive $34 million to aid troubled residential real estate owners, while both Baton Rouge and New Orleans would get $2 million apiece to help correct the real estate markets there.
With this valuable injection of real estate-targeted funds, the Louisiana government can buy up foreclosed properties that are or may become abandoned and damaged. The state would then redevelop those residential real estate properties and put them up for sale, taking responsibility for the upkeep of them until they find new owners.
Foreclosed homes can often create a myriad of problems for surrounding neighbors, as abandoned properties often invite vagrants, increased crime activity, and falling property values for nearby homes.
The state can also choose to use the grant money to completely demolish existing foreclosed and abandoned real estate buildings or the government officials can put it towards down payment and closing cost assistance for buyers with less than 120 percent of the state or city's median income. This would help make financing available to possible buyers in order to decrease the inventory of foreclosed homes on the market.
As most states around the country have been slammed with rising foreclosures rates due to the housing market crash, a slower economy, and the national credit crunch, HUD has allocated a total of $3.92 billion to be distributed to various states based on their need.
The rate of foreclosure in Louisiana and in Baton Rouge is at 3.9 percent, which is classified as a medium rate, but New Orleans has a 4.4 percent foreclosure rate, a figure that reaches into high territory.
"The housing crisis is one plaguing neighborhoods in states across our country," said U.S. Senator Mary Landrieu. "Here in Louisiana, we have the added challenge of rebuilding properties that have been destroyed by Hurricanes Katrina and Rita, and more recently Gustav and Ike. Homes in Louisiana have been abandoned because the after effects of hurricane after hurricane have left them uninhabitable. I am pleased that this funding will help us uplift neighborhoods across the state and restore value to struggling properties."
Residential real estate in Louisiana, especially in it Gulf cities like New Orleans, has always been highly desirable because of its cultural heritage as well as its proximity to great Jazz music, annual Mardi Gras celebrations, and life in friendly, traditional neighborhoods.
Yet the wild and unruly Hurricanes Rita and Katrina ripped through the state in 2005, leaving much of the real estate underwater, caved in, or otherwise destroyed. Rebuilding efforts have been slow but they are still moving along.
Soon, the state will get a huge shot in the arm through a grant from the Neighborhood Stabilization Program (NSP), under the roof of the U.S. Department of Housing and Urban Development (HUD). Under the Housing and Economic Recovery Act of 2008, the state is eligible to receive $38 million in recovery funds offered through HUD's Community Development Block Grant.
The money will go towards curbing foreclosures in the hardest hit regions and recreating a stable housing market in Louisiana. The state would receive $34 million to aid troubled residential real estate owners, while both Baton Rouge and New Orleans would get $2 million apiece to help correct the real estate markets there.
With this valuable injection of real estate-targeted funds, the Louisiana government can buy up foreclosed properties that are or may become abandoned and damaged. The state would then redevelop those residential real estate properties and put them up for sale, taking responsibility for the upkeep of them until they find new owners.
Foreclosed homes can often create a myriad of problems for surrounding neighbors, as abandoned properties often invite vagrants, increased crime activity, and falling property values for nearby homes.
The state can also choose to use the grant money to completely demolish existing foreclosed and abandoned real estate buildings or the government officials can put it towards down payment and closing cost assistance for buyers with less than 120 percent of the state or city's median income. This would help make financing available to possible buyers in order to decrease the inventory of foreclosed homes on the market.
As most states around the country have been slammed with rising foreclosures rates due to the housing market crash, a slower economy, and the national credit crunch, HUD has allocated a total of $3.92 billion to be distributed to various states based on their need.
The rate of foreclosure in Louisiana and in Baton Rouge is at 3.9 percent, which is classified as a medium rate, but New Orleans has a 4.4 percent foreclosure rate, a figure that reaches into high territory.
"The housing crisis is one plaguing neighborhoods in states across our country," said U.S. Senator Mary Landrieu. "Here in Louisiana, we have the added challenge of rebuilding properties that have been destroyed by Hurricanes Katrina and Rita, and more recently Gustav and Ike. Homes in Louisiana have been abandoned because the after effects of hurricane after hurricane have left them uninhabitable. I am pleased that this funding will help us uplift neighborhoods across the state and restore value to struggling properties."
Ten Reasons to Love Austin Texas
Housing is Very Affordable - One of the first reasons why you should take a look at making an Austin move, or what may help you decide that you should move, is that housing is very affordable both in Austin and its suburbs. In fact, compared to most cities in the US, you will get excellent houses with three to four bedrooms for anywhere between the high $100,000's to low $300,000s which is practically unheard of near any other large city in America.
Low unemployment rate - With the unemployment rate rising all over America, and the national average reaching a new high of 6.1%, it is amazing that Austin, Texas has an unemployment rate of just 4.5%. What is even more impressive is that unlike the national average, the unemployment rate in Austin has actually been declining the last few years instead of rising, and is expected to continue to drop.
Weird eccentric spirit - Most places would hate to be labeled weird and eccentric, but people in Austin embrace the label even going as far as to unofficially make their motto "Keep Austin weird." It is not that people are actually odd in Austin, simply that independent and innovative thinking is embraced, therefore thinking outside the box and being yourself is highly valued throughout Austin.
Trail of lights - If you like the Christmas spirit, than you will love the annual Trail of Lights exhibit/celebration that is set up in Zilker Park each December. Over 300,000 strings of lights are strung throughout the park alongside props with over a mile of different scenes for viewers to walk by and see. Or for those from out of town or simply sick of walking a miniature train can take you on a guided tour through the festivities.
Music scene - The individualistic spirit of Austin comes out in full force throughout the burgeoning Austin music scene. In fact, Austin is quickly becoming the actual live music capital of the world, the official label the city has placed on itself. Both the annual South by Southwest and the Austin limits music festival draw in thousands of concert goers and major label bands each year, alongside many local and independent acts.
Young hipster scene - Made possible in part by the nearby University of Texas, in part because of the independent thinking of residents, and partially from the music scene, there is quite a young fresh hipster scene alive and flourishing in Austin.
Organic stores and living - People in Austin value fair trade and organic natural stores, if you like the idea of eating healthy, you will not find an easier way to embrace your values than in activist minded Austin. Austin is home to Whole Foods Market corporate office.
Great education system - It is true, the educational culture of Austin is so excellent with many colleges and universities located in the Austin area that students often dream of Austin admittance. Even at the elementary level people compete to live in some of the best school districts so their child is guaranteed enrollment at some of the notable schools.
Weather - While weather patterns are unpredictable in Austin, outside of rain; for the most part the temperatures never drop below freezing, which means you will not get too much wear out of your winter coat, even in the winter!
Small community in a large city - The Austin, Texas metropolitan area is very diverse and wide offering you many affordable communities to live in that offer you the small town feel while still in close proximity to a very large city scene.
Low unemployment rate - With the unemployment rate rising all over America, and the national average reaching a new high of 6.1%, it is amazing that Austin, Texas has an unemployment rate of just 4.5%. What is even more impressive is that unlike the national average, the unemployment rate in Austin has actually been declining the last few years instead of rising, and is expected to continue to drop.
Weird eccentric spirit - Most places would hate to be labeled weird and eccentric, but people in Austin embrace the label even going as far as to unofficially make their motto "Keep Austin weird." It is not that people are actually odd in Austin, simply that independent and innovative thinking is embraced, therefore thinking outside the box and being yourself is highly valued throughout Austin.
Trail of lights - If you like the Christmas spirit, than you will love the annual Trail of Lights exhibit/celebration that is set up in Zilker Park each December. Over 300,000 strings of lights are strung throughout the park alongside props with over a mile of different scenes for viewers to walk by and see. Or for those from out of town or simply sick of walking a miniature train can take you on a guided tour through the festivities.
Music scene - The individualistic spirit of Austin comes out in full force throughout the burgeoning Austin music scene. In fact, Austin is quickly becoming the actual live music capital of the world, the official label the city has placed on itself. Both the annual South by Southwest and the Austin limits music festival draw in thousands of concert goers and major label bands each year, alongside many local and independent acts.
Young hipster scene - Made possible in part by the nearby University of Texas, in part because of the independent thinking of residents, and partially from the music scene, there is quite a young fresh hipster scene alive and flourishing in Austin.
Organic stores and living - People in Austin value fair trade and organic natural stores, if you like the idea of eating healthy, you will not find an easier way to embrace your values than in activist minded Austin. Austin is home to Whole Foods Market corporate office.
Great education system - It is true, the educational culture of Austin is so excellent with many colleges and universities located in the Austin area that students often dream of Austin admittance. Even at the elementary level people compete to live in some of the best school districts so their child is guaranteed enrollment at some of the notable schools.
Weather - While weather patterns are unpredictable in Austin, outside of rain; for the most part the temperatures never drop below freezing, which means you will not get too much wear out of your winter coat, even in the winter!
Small community in a large city - The Austin, Texas metropolitan area is very diverse and wide offering you many affordable communities to live in that offer you the small town feel while still in close proximity to a very large city scene.
What is Hot and Not in Real Estate
Whether you are thinking about listing your home or considering the purchase of a foreclosure or condo while the prices are right, find out what's hot and what's not in Tampa real estate.
What's Hot
Personal Spa's & Big Bathrooms. As the economy tightens, people are spending less on spa treatment but still seeking stress relief. The solution is to create a personal retreat right in your very own home. Big bathrooms with personal spa accessories are in high demand but forget unsanitary water jets, today's big soaking tubs use sanitary bubble jets combined with chroma-therapy for an unforgettable experience. Comfort toilets, LED lighting, towel warmers and dry saunas are also high demand luxuries that feel like a million but don't necessarily cost a lot.
Eco-Friendly Yards. Fruit trees are back big-time as are low maintenance lawns. Xeriscaping with native shrubs and trees reduces water requirements and pesticides, fertilizers and other harmful chemicals. Large trees that help shade the house in summer (and reduce electric bills) are also in high demand...with the added benefit of making great natural compost. Outdoor sanctuaries that combine easy to maintain gardens with fire-pits, water and entertaining areas are rapidly displacing show-piece lawns.
Green Building Supplies. Tampa real estate has the advantage of year round wonderful weather so avoid toxic chemicals and expensive carpet replacement by purchasing bamboo wood flooring or ceramic tile instead. Low cost, incredibly easy to maintain and much easier on your health today's green building materials are as beautiful as they are sustainable. Other popular supplies include non-toxic paint, low EMF lighting solutions and natural insulation.
What's Not
Lawns. Pesticide, fertilizer, expensive water bills, costly lawn maintenance or machinery, pollution, noisy blowers and more are making lawns a thing of the past. As the nation turns toward environmentally friendly products, fewer people than ever are interested in pushing lawn mower or edger that causes 4 to 10 times the air pollution as an average family car! Blowers are a major source of noise pollution and also contribute to poor air quality. Pesticides, fertilizers and high water bills are not only bad for your health but terrible for the environment. Worst of all...homeowners are fed up with spending all their free time slaving to high maintenance lawns.
Carpet. More people than ever are switching to tile, wood, bamboo or other sustainable flooring solutions. Not only are they easier to maintain and durable but cost less in the long run since there is no need to replace every few years. Best of all, it is a fast way to improve the air quality in your home.
Incandescent Lighting. Even relatively newer homes may have been built with incandescent lighting fixtures - including recessing lighting. Not only are newer florescent and LED lighting alternatives more energy efficient but the bulbs last longer and look great.
What's Hot
Personal Spa's & Big Bathrooms. As the economy tightens, people are spending less on spa treatment but still seeking stress relief. The solution is to create a personal retreat right in your very own home. Big bathrooms with personal spa accessories are in high demand but forget unsanitary water jets, today's big soaking tubs use sanitary bubble jets combined with chroma-therapy for an unforgettable experience. Comfort toilets, LED lighting, towel warmers and dry saunas are also high demand luxuries that feel like a million but don't necessarily cost a lot.
Eco-Friendly Yards. Fruit trees are back big-time as are low maintenance lawns. Xeriscaping with native shrubs and trees reduces water requirements and pesticides, fertilizers and other harmful chemicals. Large trees that help shade the house in summer (and reduce electric bills) are also in high demand...with the added benefit of making great natural compost. Outdoor sanctuaries that combine easy to maintain gardens with fire-pits, water and entertaining areas are rapidly displacing show-piece lawns.
Green Building Supplies. Tampa real estate has the advantage of year round wonderful weather so avoid toxic chemicals and expensive carpet replacement by purchasing bamboo wood flooring or ceramic tile instead. Low cost, incredibly easy to maintain and much easier on your health today's green building materials are as beautiful as they are sustainable. Other popular supplies include non-toxic paint, low EMF lighting solutions and natural insulation.
What's Not
Lawns. Pesticide, fertilizer, expensive water bills, costly lawn maintenance or machinery, pollution, noisy blowers and more are making lawns a thing of the past. As the nation turns toward environmentally friendly products, fewer people than ever are interested in pushing lawn mower or edger that causes 4 to 10 times the air pollution as an average family car! Blowers are a major source of noise pollution and also contribute to poor air quality. Pesticides, fertilizers and high water bills are not only bad for your health but terrible for the environment. Worst of all...homeowners are fed up with spending all their free time slaving to high maintenance lawns.
Carpet. More people than ever are switching to tile, wood, bamboo or other sustainable flooring solutions. Not only are they easier to maintain and durable but cost less in the long run since there is no need to replace every few years. Best of all, it is a fast way to improve the air quality in your home.
Incandescent Lighting. Even relatively newer homes may have been built with incandescent lighting fixtures - including recessing lighting. Not only are newer florescent and LED lighting alternatives more energy efficient but the bulbs last longer and look great.
Boston's Seaport District Loft Buildings
The Seaport District contains some of Boston's most coveted luxury loft developments, such as Channel Center, FP3 Lofts, Dockside Place, & the 21 Wormwood Street Lofts. Channel Center is one of Boston's most coveted new construction loft developments. It is located in the Seaport District, literally right over the bridge from the Financial District in Downtown Boston. There is a concierge, indoor garage parking, and a state-of-the-art fitness center. Condos for sale in Channel Center typically start around $450,000 for a 1 bedroom loft. Apartment rentals typically start around $2,300/mo. for a 1 bedroom condo. Apartments for rent can go up to $6,800 in the building.
The FP3 Lofts are located in the heart of the Seaport District by the Fort Point Channel. This ultra modern new construction loft development is one of the most coveted in the Downtown Boston area. Condos for sale at FP3 start around $375,000 for a studio loft. Apartment rentals typically start around $2500. Units for rent can go up to $10,000 for a 2-bed apartment.
The Dockside Place Lofts are located on Sleeper Street in the Seaport District. Condos for sale at Dockside Place start around $449,000 for a 1 bedroom loft. Apartment rentals in the buildings typically start around $1900 for a 1 bedroom. The Seaport District is booming, and there are plans underway for new restaurants, shopping, & entertainment nearby. The Financial District is nearby, as well as public transportation. The 21 Wormwood Street lofts are located in the heart of the Seaport District. Many of the units are incredibly large, and the largest being up to over 3000 square feet. Condos for sale in the building start around $339,000 for a studio loft. Apartments for rent in the building start around $1750 for a studio.
The FP3 Lofts are located in the heart of the Seaport District by the Fort Point Channel. This ultra modern new construction loft development is one of the most coveted in the Downtown Boston area. Condos for sale at FP3 start around $375,000 for a studio loft. Apartment rentals typically start around $2500. Units for rent can go up to $10,000 for a 2-bed apartment.
The Dockside Place Lofts are located on Sleeper Street in the Seaport District. Condos for sale at Dockside Place start around $449,000 for a 1 bedroom loft. Apartment rentals in the buildings typically start around $1900 for a 1 bedroom. The Seaport District is booming, and there are plans underway for new restaurants, shopping, & entertainment nearby. The Financial District is nearby, as well as public transportation. The 21 Wormwood Street lofts are located in the heart of the Seaport District. Many of the units are incredibly large, and the largest being up to over 3000 square feet. Condos for sale in the building start around $339,000 for a studio loft. Apartments for rent in the building start around $1750 for a studio.
How to Find a Realtor
How to find a Realtor? This is one of the first 10 questions going round and round in your head when trying to close the perfect deal in a real estate business. Finding a good, experienced broker, or real estate agent is the number one rule for a successful real estate transaction. Many people find this objective a very difficult task, spending a lot of money just to get some "professional" advices regarding this matter. Is this really a solution? Do we like spending money on things we can do on our own? Well , actually yes we can. We can find a good Realtor, using our own abilities , without having to "buy" others advice.
First of all, let us understand the difference between a real estate agent and a Realtor. Realtors, are licensed professionals in this kind of business, belonging to the NAR( National Association of Realtors), enjoying every single facility this kind of job has to offer. On the other hand , real estate agents, or even brokers are not all Realtors, and some of them may not even own a license in the field.
How do we smell a Realtor in a garden of real estate agents? Simple, track the person's professional history just a bit. See how long has he/she been in the business, and what is his professional record? After getting this information, it should be pretty much clear who is who.
Moreover, try to contact ex-customers of his/her and ask them their personal opinion of the real estate transaction: are they happy with the deal? ; was it the right price?; did they buy it overpriced? A true Realtor does his best to satisfy his client, he must get involved in the transaction, as if he were the one buying it, he needs to analyze different possibilities, present them to the client, and also help him with his advices.
As far as finding one is concerned, the first solution would be the Internet. It provides entire lists of agents in web directories.
The second solution would be to attend some open houses, where you will be welcomed by real estate agents, getting the possibility to interact with them and get used to their methods of making you wish that house was yours. You also get the chance to see how buildings are evaluated and make an idea of how things work in real estate business. Do not hesitate to ask them every single detail related to their work.
If you happen to be in the neighborhood , take a closer look were the "For Sale" sign appears. This is the place where real estate agents wait for their clients.
First of all, let us understand the difference between a real estate agent and a Realtor. Realtors, are licensed professionals in this kind of business, belonging to the NAR( National Association of Realtors), enjoying every single facility this kind of job has to offer. On the other hand , real estate agents, or even brokers are not all Realtors, and some of them may not even own a license in the field.
How do we smell a Realtor in a garden of real estate agents? Simple, track the person's professional history just a bit. See how long has he/she been in the business, and what is his professional record? After getting this information, it should be pretty much clear who is who.
Moreover, try to contact ex-customers of his/her and ask them their personal opinion of the real estate transaction: are they happy with the deal? ; was it the right price?; did they buy it overpriced? A true Realtor does his best to satisfy his client, he must get involved in the transaction, as if he were the one buying it, he needs to analyze different possibilities, present them to the client, and also help him with his advices.
As far as finding one is concerned, the first solution would be the Internet. It provides entire lists of agents in web directories.
The second solution would be to attend some open houses, where you will be welcomed by real estate agents, getting the possibility to interact with them and get used to their methods of making you wish that house was yours. You also get the chance to see how buildings are evaluated and make an idea of how things work in real estate business. Do not hesitate to ask them every single detail related to their work.
If you happen to be in the neighborhood , take a closer look were the "For Sale" sign appears. This is the place where real estate agents wait for their clients.
Home Prices to Fall and Fall and Fall
I just read an article forecasting more trouble for real estate in 2009. The author seemed to be incredulous about the possibility, saying that some markets were even approaching Pre-Bubble price levels as though that was an organic impossibility.
If you check you will see that the last 2 real estate booms in the 70's and 80's resulted in prices dropping back to pre-boom levels before they took off again. That is what statisticians refer to as a "regression to the mean" falling back to the historic trend line.
There are even more significant troubles for real estate in 2009 and beyond than are perceived by many interested in real estate.
These troubles will continue to drive prices down even further. Although some markets are in fact approaching pre-boom prices, the pendulum may not stop at mid point and may actually swing all the way past pre-boom prices. Have you ever known a pendulum to stop mid way through its swing?
Here are some additional factors to consider:
The credit crisis is forcing banks to husband what little capital they have which is why they will restrict lending to the Very qualified.
How many prospective home buyers have 750+ FICO or Credit scores And 30% in cash for down payment, closing costs and bank mandated cash reserves? Especially since the US savings rate has been hovering around zero for the past decade.
Fewer buyers equal lower demand which means lower prices.
Also, how many more homes will be deserted by home owners who are Underwater, owing more than they owe? It is estimated that nearly 16% of owners with mortgages or about 8 Million home owners are in this situation. These desertions will add greatly to the bloated inventory of homes weighing down the market.
Finally, the only bright spot in housing will probably be extinguished in 2009 as interest rates will skyrocket once China is forced to stop buying our debt because of our dwindling purchases from them.
One report I read said that rental of a typical space on a freighter delivering goods to the US fell from $236,000 for the trans Pacific crossing to $5,000!
Once China stops buying our Treasury Bonds, we will have to lower prices on them to attract other buyers, which will jack up their yields or interest rates as they move inversely to prices.
Our mortgage rates will then soar because they are pegged to the 10 year Treasury Bond yield.
So, despite the optimistic predictions of many rose tinted, shade wearing real estate "professionals" the likelihood of a rebound in housing is probably further away in 2009 than at any time since the real estate bubble burst.
If you check you will see that the last 2 real estate booms in the 70's and 80's resulted in prices dropping back to pre-boom levels before they took off again. That is what statisticians refer to as a "regression to the mean" falling back to the historic trend line.
There are even more significant troubles for real estate in 2009 and beyond than are perceived by many interested in real estate.
These troubles will continue to drive prices down even further. Although some markets are in fact approaching pre-boom prices, the pendulum may not stop at mid point and may actually swing all the way past pre-boom prices. Have you ever known a pendulum to stop mid way through its swing?
Here are some additional factors to consider:
The credit crisis is forcing banks to husband what little capital they have which is why they will restrict lending to the Very qualified.
How many prospective home buyers have 750+ FICO or Credit scores And 30% in cash for down payment, closing costs and bank mandated cash reserves? Especially since the US savings rate has been hovering around zero for the past decade.
Fewer buyers equal lower demand which means lower prices.
Also, how many more homes will be deserted by home owners who are Underwater, owing more than they owe? It is estimated that nearly 16% of owners with mortgages or about 8 Million home owners are in this situation. These desertions will add greatly to the bloated inventory of homes weighing down the market.
Finally, the only bright spot in housing will probably be extinguished in 2009 as interest rates will skyrocket once China is forced to stop buying our debt because of our dwindling purchases from them.
One report I read said that rental of a typical space on a freighter delivering goods to the US fell from $236,000 for the trans Pacific crossing to $5,000!
Once China stops buying our Treasury Bonds, we will have to lower prices on them to attract other buyers, which will jack up their yields or interest rates as they move inversely to prices.
Our mortgage rates will then soar because they are pegged to the 10 year Treasury Bond yield.
So, despite the optimistic predictions of many rose tinted, shade wearing real estate "professionals" the likelihood of a rebound in housing is probably further away in 2009 than at any time since the real estate bubble burst.
Types Of Real Estate - An Investor's Choice
There are different types of real estate, and different ways to invest in them. Which way is best is for you to decide, according to your particular needs. Here are a few ways to consider, with their advantages and disadvantages.
1. Rental houses. Advantages: One of the easier ways to get started, and good long term return on investment. Disadvantages: Being a landlord isn't much fun, and you typically wait a long time for the big pay-off.
2. Rent-to-own houses. Advantages: When you buy, then sell on a rent-to-own arrangement, you get higher rent, and the buyer is usually responsible for maintenance. Disadvantages: The bookkeeping is tricky, and most tenants don't complete the purchase (this can be an advantage too, but it does mean more work for you).
3. Low income rentals. Advantages: The same as with any rentals, but with higher cash flow. Disadvantages: The same as with other rentals, but with more repairs and tenant problems.
4. Fixer-uppers. Advantages: A quick return on your investment, and it can be more creative work. Disadvantages: Higher risk (many unpredictables) and you get taxed heavily on the gain.
5. Buy for cash, sell for terms. Advantages: You get a high rate of return by paying cash to get a good price, and selling on easy terms to get a high price AND high interest. Disadvantages: You tie up your capital for a long time.
6. Buy land, split it and sell it. Advantages: It is simpler than most real estate investments, with the possibility of great profits. Disadvantages: It can take a long time, and you have expenses, but no cash flow while you wait.
7. Boarding houses. Advantages: You can get a lot more cash flow renting a house by the room, especially in a college town. Disadvantages: You can get a lot more headaches renting a house by the room, especially in a college town.
8. Commercial real estate. Advantages: Long term triple-net leases mean little management and high returns. Disadvantages: Tough market to break into, and you can lose income on vacant storefronts for a year at a time.
9. Buy, live in it, and sell. Advantages: The new tax law means you can fix it up, and sell for a big tax-free profit after two years, then start the process again. Disadvantages: You have to move a lot.
10. Speculation. Advantages: Buying in the path of growth and holding until values rise can yield large profits, especially if you buy low to start. Disadvantages: Prices aren't that predictable, you have expenses with no income while you're waiting, and transaction costs can eat much of the profits.
1. Rental houses. Advantages: One of the easier ways to get started, and good long term return on investment. Disadvantages: Being a landlord isn't much fun, and you typically wait a long time for the big pay-off.
2. Rent-to-own houses. Advantages: When you buy, then sell on a rent-to-own arrangement, you get higher rent, and the buyer is usually responsible for maintenance. Disadvantages: The bookkeeping is tricky, and most tenants don't complete the purchase (this can be an advantage too, but it does mean more work for you).
3. Low income rentals. Advantages: The same as with any rentals, but with higher cash flow. Disadvantages: The same as with other rentals, but with more repairs and tenant problems.
4. Fixer-uppers. Advantages: A quick return on your investment, and it can be more creative work. Disadvantages: Higher risk (many unpredictables) and you get taxed heavily on the gain.
5. Buy for cash, sell for terms. Advantages: You get a high rate of return by paying cash to get a good price, and selling on easy terms to get a high price AND high interest. Disadvantages: You tie up your capital for a long time.
6. Buy land, split it and sell it. Advantages: It is simpler than most real estate investments, with the possibility of great profits. Disadvantages: It can take a long time, and you have expenses, but no cash flow while you wait.
7. Boarding houses. Advantages: You can get a lot more cash flow renting a house by the room, especially in a college town. Disadvantages: You can get a lot more headaches renting a house by the room, especially in a college town.
8. Commercial real estate. Advantages: Long term triple-net leases mean little management and high returns. Disadvantages: Tough market to break into, and you can lose income on vacant storefronts for a year at a time.
9. Buy, live in it, and sell. Advantages: The new tax law means you can fix it up, and sell for a big tax-free profit after two years, then start the process again. Disadvantages: You have to move a lot.
10. Speculation. Advantages: Buying in the path of growth and holding until values rise can yield large profits, especially if you buy low to start. Disadvantages: Prices aren't that predictable, you have expenses with no income while you're waiting, and transaction costs can eat much of the profits.
Thursday, January 22, 2009
Leaders in Commercial Real Estate Charlotte, NC Industry
If Greensboro and Wilmington were made known like great centers for the commercial real sector in North Carolina, Charlotte is absolutely one of them. This reality was supported per many facts concerning the commercial real estate Charlotte, industry of GOLD. In fact there are several remarkable chiefs in commercial real estate Charlotte, industry of GOLD today. However, in this article, I will treat only the top the majority of the chiefs in commercial real estate Charlotte, industry of GOLD for the reason for which these two first the great commercial real estate Charlotte, companies of GOLD contributed much of assistance to the major part of the commercial real estate Charlotte, customers of GOLD.
So much now, one of these chiefs in commercial real estate Charlotte, industry of GOLD is commercial real estate Charlotte, the GOLD company which bears the name of �Charlotte, BUT� Charlotte, GOLD as a one of the chiefs in commercial real estate Charlotte, industry of GOLD is noted for her distinct commercial real estate Charlotte, execution of GOLD and services. In oneself, this particular commercial real estate Charlotte, company of GOLD has the agents of the purchaser of the Caroline which will facilitate the commercial real estate Charlotte, GOLD customers to classify to the top their commercial real estate Charlotte, GOLD properties to sell to find the special one and the best house. Moreover, this commercial real estate Charlotte, company of GOLD has its own gallery for the list of the commercial real estate Charlotte, GOLD to be sold including/understanding the FSBO autoguident. And as while being one of the chiefs in commercial real estate Charlotte, industry of GOLD, this certain commercial real estate Charlotte, company of GOLD exert their efforts and appraises to help the people by seeking the good commercial real estate Charlotte, properties of GOLD with the price scale of customer. And as soon as the new list struck the commercial real estate Charlotte, market of GOLD, Charlotte, GOLD will send an email to their commercial real estate Charlotte, customers of GOLD concerning the new list of commercial real estate available Charlotte, properties of GOLD to be sold. More thing, this particular commercial real estate Charlotte, company of GOLD can be located at www.charlotte-eba.com if you want more information on nature of this commercial real estate Charlotte, GOLD company.
And secondly, Colliers Pinkard also placed its name at the zenith of re-elected and became well-known as among the chiefs in commercial real estate Charlotte, industry of GOLD. It is for the fact that this chief in commercial real estate Charlotte, industry of GOLD provides the real estate commercial Charlotte, solutions of GOLD customers to their dilemmas of corporation and institutional. In oneself, they provide a full choice of the commercial real estate Charlotte, services of GOLD to the owners, the investors, and the occupants of all the commercial real estate Charlotte, types of GOLD property. Except this, Colliers Pinkard is well-known like principal commercial real estate in North Carolina and Maryland, and one of the chiefs in commercial real estate Charlotte, GOLD industry, they are commercial real estate based, undertaken board of trustees.
Moreover, being a chief in commercial real estate Charlotte, industry of GOLD, Colliers Pinkard are really devoted on developing advisory relationship with owners, users, and companies, and in oneself, that is not any doubt that this commercial real estate Charlotte, company of GOLD is identified in all the real sector.
So much now, one of these chiefs in commercial real estate Charlotte, industry of GOLD is commercial real estate Charlotte, the GOLD company which bears the name of �Charlotte, BUT� Charlotte, GOLD as a one of the chiefs in commercial real estate Charlotte, industry of GOLD is noted for her distinct commercial real estate Charlotte, execution of GOLD and services. In oneself, this particular commercial real estate Charlotte, company of GOLD has the agents of the purchaser of the Caroline which will facilitate the commercial real estate Charlotte, GOLD customers to classify to the top their commercial real estate Charlotte, GOLD properties to sell to find the special one and the best house. Moreover, this commercial real estate Charlotte, company of GOLD has its own gallery for the list of the commercial real estate Charlotte, GOLD to be sold including/understanding the FSBO autoguident. And as while being one of the chiefs in commercial real estate Charlotte, industry of GOLD, this certain commercial real estate Charlotte, company of GOLD exert their efforts and appraises to help the people by seeking the good commercial real estate Charlotte, properties of GOLD with the price scale of customer. And as soon as the new list struck the commercial real estate Charlotte, market of GOLD, Charlotte, GOLD will send an email to their commercial real estate Charlotte, customers of GOLD concerning the new list of commercial real estate available Charlotte, properties of GOLD to be sold. More thing, this particular commercial real estate Charlotte, company of GOLD can be located at www.charlotte-eba.com if you want more information on nature of this commercial real estate Charlotte, GOLD company.
And secondly, Colliers Pinkard also placed its name at the zenith of re-elected and became well-known as among the chiefs in commercial real estate Charlotte, industry of GOLD. It is for the fact that this chief in commercial real estate Charlotte, industry of GOLD provides the real estate commercial Charlotte, solutions of GOLD customers to their dilemmas of corporation and institutional. In oneself, they provide a full choice of the commercial real estate Charlotte, services of GOLD to the owners, the investors, and the occupants of all the commercial real estate Charlotte, types of GOLD property. Except this, Colliers Pinkard is well-known like principal commercial real estate in North Carolina and Maryland, and one of the chiefs in commercial real estate Charlotte, GOLD industry, they are commercial real estate based, undertaken board of trustees.
Moreover, being a chief in commercial real estate Charlotte, industry of GOLD, Colliers Pinkard are really devoted on developing advisory relationship with owners, users, and companies, and in oneself, that is not any doubt that this commercial real estate Charlotte, company of GOLD is identified in all the real sector.
Toronto Commercial Real Estate Facts
Do you seek some of the commercial real estate available of Toronto? Do you want to find the real estate commercial of Toronto which is accessible? Then, you try to read the whole article so that you know where and what to seek by treating the commercial real estate of Toronto.
Before anything else, it is important to note that the success of the commercial real sector of Toronto is allotted really largely to the propagation of the companies of commercial real estate of Toronto. It is necessary that you know such facts for the reason for which the commercial real estate of Toronto will not be made well-known today without efforts of best and remarkable companies of commercial real estate of Toronto.
Just like some of the companies of commercial real estate everywhere in the world, the commercial real sector of Toronto continues to make an impact bursting with the majority of the owners and the researchers of commercial real estate of Toronto. In oneself, the majority of the companies of commercial real estate of Toronto developed their best forms of service with their expertise on the heap and of technologies anticipated for the destiny of the commercial real sector of Toronto.
With these great interest and intensity to develop the commercial real sector of Toronto, they continue to attract the people that even those which do not have any certain plan for the commercial real estate of Toronto are surprisingly drawn with the purchase or to seek some of the properties available and accessible from commercial real estate of Toronto.
Thus if you are a researcher of commercial real estate of Toronto or even if you do not have any interest for properties of commercial real estate of Toronto, there is a great possibility that you will be encouraged and drawn one day to obtain some of the commercial real estate of Toronto. Why? It is for the reason for which the commercial real estate of Toronto is a so powerful center for the commercial real estate. With that, it is not astonishing to know that the commercial real estate of Toronto is really chosen by the majority of the people.
To mention, one of the best sites of commercial real estate of Toronto which exerts certainly efforts to help the customers of commercial real estate of Toronto with their aims of commercial real estate of Toronto east On.Virtual-Agent.com. This certain site which provides the lists of property of commercial real estate of Toronto east one of the sites used generally for the commercial real estate of Toronto for the fact that in this site you can certainly seek the multiple inscriptions of the properties of commercial real estate of Toronto and also the residential properties. Except that you can seek the commercial real estate of Toronto to be sold and also apartments for the rent. It is simply important to note that there remain several sites for properties of commercial real estate of Toronto, but this one is the best recommended. Thus try to visit this site so that you find some of the provided properties of commercial real estate of Toronto.
Before anything else, it is important to note that the success of the commercial real sector of Toronto is allotted really largely to the propagation of the companies of commercial real estate of Toronto. It is necessary that you know such facts for the reason for which the commercial real estate of Toronto will not be made well-known today without efforts of best and remarkable companies of commercial real estate of Toronto.
Just like some of the companies of commercial real estate everywhere in the world, the commercial real sector of Toronto continues to make an impact bursting with the majority of the owners and the researchers of commercial real estate of Toronto. In oneself, the majority of the companies of commercial real estate of Toronto developed their best forms of service with their expertise on the heap and of technologies anticipated for the destiny of the commercial real sector of Toronto.
With these great interest and intensity to develop the commercial real sector of Toronto, they continue to attract the people that even those which do not have any certain plan for the commercial real estate of Toronto are surprisingly drawn with the purchase or to seek some of the properties available and accessible from commercial real estate of Toronto.
Thus if you are a researcher of commercial real estate of Toronto or even if you do not have any interest for properties of commercial real estate of Toronto, there is a great possibility that you will be encouraged and drawn one day to obtain some of the commercial real estate of Toronto. Why? It is for the reason for which the commercial real estate of Toronto is a so powerful center for the commercial real estate. With that, it is not astonishing to know that the commercial real estate of Toronto is really chosen by the majority of the people.
To mention, one of the best sites of commercial real estate of Toronto which exerts certainly efforts to help the customers of commercial real estate of Toronto with their aims of commercial real estate of Toronto east On.Virtual-Agent.com. This certain site which provides the lists of property of commercial real estate of Toronto east one of the sites used generally for the commercial real estate of Toronto for the fact that in this site you can certainly seek the multiple inscriptions of the properties of commercial real estate of Toronto and also the residential properties. Except that you can seek the commercial real estate of Toronto to be sold and also apartments for the rent. It is simply important to note that there remain several sites for properties of commercial real estate of Toronto, but this one is the best recommended. Thus try to visit this site so that you find some of the provided properties of commercial real estate of Toronto.
Commercial Real Estate Los Angeles Industry
Los Angeles is not only acclaimed for its single establishments of building, transport facilities, and other social subjects relative, but also for the creation of the companies of Los Angeles of commercial real estate which affects considerably the development in the industry of Los Angeles of commercial real estate.
It is always noted it that the success of the industry of Los Angeles of commercial real estate, in particular the companies of Los Angeles of commercial real estate, is allotted to large forces and needs for the people who are looking at and far-sighted to buy or sell a property of Los Angeles of commercial real estate. This reason judges always true when it comes on the subjects from Los Angeles from commercial real estate. With such a reality about the source of success in the industry of Los Angeles of commercial real estate, it is simply worthy to put to the top of the companies of Los Angeles of real estate much more commercial to serve the people who caused the fame than the industry of Los Angeles of commercial real estate appreciate nowadays.
Thus for this matter, the industry of Los Angeles of commercial real estate really developed like establishment of rise in companies of Los Angeles of much commercial real estate. And if you ask whether the industry of Los Angeles of commercial real estate to draw the attention and the interest of the people, the answer is number.
It is very interesting to know that the industry of Los Angeles of commercial real estate thrive for the fact that the customers of Los Angeles of commercial real estate found some advantages by appreciating the companies of Los Angeles of commercial real estate. Some of these advantages which them people obtain to appreciate the services of the companies of Los Angeles of commercial real estate can extend from the advantages of appreciation and stockholders' equity, with the advantages of additional income, and the tax incentives.
To mention, such advantages mentioned above which it customer of Los Angeles of commercial real estate obtain in various services of Los Angeles of commercial real estate are regarded as of having created one moreover high level to the reputation of the industry of Los Angeles of commercial real estate. Why? It is for the reason for which such advantages of Los Angeles of commercial real estate were strongly appreciated by the people particularly those who are customers of long run of Los Angeles of commercial real estate. With such a reason, it is not astonishing to know that the customers of Los Angeles of commercial real estate really preferred to buy or sell a property of Los Angeles of commercial real estate because of such advantages of Los Angeles of commercial real estate.
So much today, the industry of Los Angeles of commercial real estate reached at the point to develop several innovations advanced for the fast and better service of Los Angeles of commercial real estate. For much of detail, some of the companies of Los Angeles of commercial real estate provide today multiple services of Los Angeles of commercial real estate with their expertise on the heap and their advanced tools of Los Angeles of commercial real estate. Some of them glance with the field of management and the strategies marketing to help the investors, the owners of Los Angeles of commercial real estate, as well as the two purchasers and salesmen of commercial real estate.
Thus if you come to think of the purchase or by selling a property or you of Los Angeles of commercial real estate must find of the assistance about your goals of Los Angeles of commercial real estate, then you do not need to hesitate over doing what you wished in the sense that the various companies of Los Angeles of commercial real estate are there so that you are useful.
It is always noted it that the success of the industry of Los Angeles of commercial real estate, in particular the companies of Los Angeles of commercial real estate, is allotted to large forces and needs for the people who are looking at and far-sighted to buy or sell a property of Los Angeles of commercial real estate. This reason judges always true when it comes on the subjects from Los Angeles from commercial real estate. With such a reality about the source of success in the industry of Los Angeles of commercial real estate, it is simply worthy to put to the top of the companies of Los Angeles of real estate much more commercial to serve the people who caused the fame than the industry of Los Angeles of commercial real estate appreciate nowadays.
Thus for this matter, the industry of Los Angeles of commercial real estate really developed like establishment of rise in companies of Los Angeles of much commercial real estate. And if you ask whether the industry of Los Angeles of commercial real estate to draw the attention and the interest of the people, the answer is number.
It is very interesting to know that the industry of Los Angeles of commercial real estate thrive for the fact that the customers of Los Angeles of commercial real estate found some advantages by appreciating the companies of Los Angeles of commercial real estate. Some of these advantages which them people obtain to appreciate the services of the companies of Los Angeles of commercial real estate can extend from the advantages of appreciation and stockholders' equity, with the advantages of additional income, and the tax incentives.
To mention, such advantages mentioned above which it customer of Los Angeles of commercial real estate obtain in various services of Los Angeles of commercial real estate are regarded as of having created one moreover high level to the reputation of the industry of Los Angeles of commercial real estate. Why? It is for the reason for which such advantages of Los Angeles of commercial real estate were strongly appreciated by the people particularly those who are customers of long run of Los Angeles of commercial real estate. With such a reason, it is not astonishing to know that the customers of Los Angeles of commercial real estate really preferred to buy or sell a property of Los Angeles of commercial real estate because of such advantages of Los Angeles of commercial real estate.
So much today, the industry of Los Angeles of commercial real estate reached at the point to develop several innovations advanced for the fast and better service of Los Angeles of commercial real estate. For much of detail, some of the companies of Los Angeles of commercial real estate provide today multiple services of Los Angeles of commercial real estate with their expertise on the heap and their advanced tools of Los Angeles of commercial real estate. Some of them glance with the field of management and the strategies marketing to help the investors, the owners of Los Angeles of commercial real estate, as well as the two purchasers and salesmen of commercial real estate.
Thus if you come to think of the purchase or by selling a property or you of Los Angeles of commercial real estate must find of the assistance about your goals of Los Angeles of commercial real estate, then you do not need to hesitate over doing what you wished in the sense that the various companies of Los Angeles of commercial real estate are there so that you are useful.
Austin, Texas Commercial Real Estate
If we know that Dallas and Houston are acclaimed not only for its attractions but for its commercial real sector, it is interesting to note that the acclamation is also true with Austin, Texas. For Your Information, Austin east makes known not only for its attractions and other social subjects but also the commercial real estate for Austin, Texas. In oneself, the commercial real sector of Austin, Texas is not any doubt as prosperous as these other commercial real sectors.
For this matter, the success of the commercial real sector of Austin, Texas, like truth about Austin, the commercial real estate of Texas is held, is allotted considerably to the interest and the intensity the customers of commercial real estate of Austin, Texas which considerably investment companies commercial real estate led to the establishment so much much Austin, Texas today. This reality is even noted throughout the world of virtual reality for the reason for which commercial real estate of Austin, Texas is largely isolated and is necessary largely by those which seek of the assistance the needs and the objectives concerning their commercial real estate for Austin, of Texas.
Provided such an information on the position of Austin, commercial real sector of Texas, it is right like important mentioning one of these companies of commercial real estate of successful Austin and employee usually, Texas which contribute considerably to famous which commercial real sector of Austin, Texas appreciated nowadays. Thus for your interest about Austin, the commercial real estate of Texas, the COMMREX or the exchange of commercial real estate is one of the good places the commercial real estate about Austin, Texas. Thus if you of the services of commercial real estate seek certain Austin, Texas the needs and from the objectives for your commercial real estate of Austin, from Texas, you came to the good place.
To increase the interest further from those which seek some assistances about their Austin, Texas the real estate that commercial need, it is necessary to note that the company of commercial real estate of Austin, Texas COMMREX as the name of such a company implies is really based in Austin, Texas. The company of commercial real estate of this certain Austin, Texas has would be developed by work of media of Internet, and as such this Austin, the company of commercial real estate of Texas could be found at www.commrex.com. Moreover, the COMMREX or the exchange of commercial real estate is the company of commercial real estate of Austin, Texas which was without interruption functioning and functioning property of commercial real estate like Austin on line, Texas announcing the system naturally real sector for Austin, of commercial Texas with an aim of the properties of launching from Austin, of Texas commercial real estate to sell and for the lease since 1995.
Except this information on such an Austin, company of commercial real estate of Texas, it is also important to consider that company of commercial real estate of this Austin, Texas of the products of commercial real estate offered auxiliary Austin, Texas and of the services of sale which these products and services are rendered available the community of Austin, Texas with commercial real estate and the public by their site. If powerful is the company of commercial real estate of this Austin, Texas which it provides 185 mailing lists the commercial real estate of Austin available, Texas so that the user knows the information of sale by types of geographical property of area and the various ones of commercial real estate Austin, Texas.
Thus if you need the assistance about your Austin, the commercial real estate of Texas imports, these sites mentioned are the good place for you.
For this matter, the success of the commercial real sector of Austin, Texas, like truth about Austin, the commercial real estate of Texas is held, is allotted considerably to the interest and the intensity the customers of commercial real estate of Austin, Texas which considerably investment companies commercial real estate led to the establishment so much much Austin, Texas today. This reality is even noted throughout the world of virtual reality for the reason for which commercial real estate of Austin, Texas is largely isolated and is necessary largely by those which seek of the assistance the needs and the objectives concerning their commercial real estate for Austin, of Texas.
Provided such an information on the position of Austin, commercial real sector of Texas, it is right like important mentioning one of these companies of commercial real estate of successful Austin and employee usually, Texas which contribute considerably to famous which commercial real sector of Austin, Texas appreciated nowadays. Thus for your interest about Austin, the commercial real estate of Texas, the COMMREX or the exchange of commercial real estate is one of the good places the commercial real estate about Austin, Texas. Thus if you of the services of commercial real estate seek certain Austin, Texas the needs and from the objectives for your commercial real estate of Austin, from Texas, you came to the good place.
To increase the interest further from those which seek some assistances about their Austin, Texas the real estate that commercial need, it is necessary to note that the company of commercial real estate of Austin, Texas COMMREX as the name of such a company implies is really based in Austin, Texas. The company of commercial real estate of this certain Austin, Texas has would be developed by work of media of Internet, and as such this Austin, the company of commercial real estate of Texas could be found at www.commrex.com. Moreover, the COMMREX or the exchange of commercial real estate is the company of commercial real estate of Austin, Texas which was without interruption functioning and functioning property of commercial real estate like Austin on line, Texas announcing the system naturally real sector for Austin, of commercial Texas with an aim of the properties of launching from Austin, of Texas commercial real estate to sell and for the lease since 1995.
Except this information on such an Austin, company of commercial real estate of Texas, it is also important to consider that company of commercial real estate of this Austin, Texas of the products of commercial real estate offered auxiliary Austin, Texas and of the services of sale which these products and services are rendered available the community of Austin, Texas with commercial real estate and the public by their site. If powerful is the company of commercial real estate of this Austin, Texas which it provides 185 mailing lists the commercial real estate of Austin available, Texas so that the user knows the information of sale by types of geographical property of area and the various ones of commercial real estate Austin, Texas.
Thus if you need the assistance about your Austin, the commercial real estate of Texas imports, these sites mentioned are the good place for you.
Melbourne Commercial Real Estate
Melbourne having gained the reputation like continuous town of garden to becoming well-known not only for its arts and trades, the parks and the gardens marvellous, and their single architecture, but also for the existence of the commercial real estate of Melbourne. It is noted it that the appearance or the establishment of the commercial real estate of Melbourne concluded the successfully in the real sector and in oneself, much of people was attracted to live in commercial real estate of Melbourne for the single environment of commercial real estate of Melbourne.
Today, it is important to note that the commercial real estate of Melbourne becomes one of the centers for the commercial real estate. Several companies of commercial real estate of Melbourne are established to help these customers of commercial real estate of Melbourne with their aims of commercial real estate of Melbourne. Thus with such a truth, people particularly that those which envisage to buy Melbourne easily the commercial real estate plac and will find the properties available and accessible from commercial real estate of Melbourne with the assistance of the Internet.
To mention thus, since there are so many companies of commercial real estate of Melbourne through the Internet, CommercialRealEstate.com is one of the effective channels so that you find properties of commercial real estate of Melbourne. Since the term real estate commercial covers the commercial and industrial properties real estate, it is thus comprehensible that this particular site of commercial real estate of Melbourne offered of the services for the commercial real estate of Melbourne and the industrial services of real estate. With such this distinction, this certain site of commercial real estate of Melbourne is commercial real estate agent authorized of Melbourne a truth with over 20 years of experience of agency of commercial real estate of Melbourne Australia. In oneself, this company of commercial real estate of Melbourne specialized and the professionals of technology information, the originators, and the gifted programmers of Web with their occupational commercial real estate agents of Melbourne truths.
Moreover, CommercialRealEstate.com having the expertise in the experiment of agency of commercial real estate of Melbourne and the best Australian field of Internet, could undoubtedly produce first gate Internet of commercial real estate of Melbourne in Australia. The broader range and the expertise of this company of commercial real estate of Melbourne made them like better and the site more usually employed commercial real estate of Melbourne in Australia.
The outside of the field of such a company of commercial real estate of Melbourne is the territory of others several companies of commercial real estate of Melbourne which considerably exerted the assistance with the customers of commercial real estate of Melbourne. Some of these companies of commercial real estate of Melbourne also made their names popular to the majority of the customers of commercial real estate of Melbourne. Undoubtedly, they placed their titles at moreover high level with their effective and exceptional services of commercial real estate of Melbourne.
Today, it is important to note that the commercial real estate of Melbourne becomes one of the centers for the commercial real estate. Several companies of commercial real estate of Melbourne are established to help these customers of commercial real estate of Melbourne with their aims of commercial real estate of Melbourne. Thus with such a truth, people particularly that those which envisage to buy Melbourne easily the commercial real estate plac and will find the properties available and accessible from commercial real estate of Melbourne with the assistance of the Internet.
To mention thus, since there are so many companies of commercial real estate of Melbourne through the Internet, CommercialRealEstate.com is one of the effective channels so that you find properties of commercial real estate of Melbourne. Since the term real estate commercial covers the commercial and industrial properties real estate, it is thus comprehensible that this particular site of commercial real estate of Melbourne offered of the services for the commercial real estate of Melbourne and the industrial services of real estate. With such this distinction, this certain site of commercial real estate of Melbourne is commercial real estate agent authorized of Melbourne a truth with over 20 years of experience of agency of commercial real estate of Melbourne Australia. In oneself, this company of commercial real estate of Melbourne specialized and the professionals of technology information, the originators, and the gifted programmers of Web with their occupational commercial real estate agents of Melbourne truths.
Moreover, CommercialRealEstate.com having the expertise in the experiment of agency of commercial real estate of Melbourne and the best Australian field of Internet, could undoubtedly produce first gate Internet of commercial real estate of Melbourne in Australia. The broader range and the expertise of this company of commercial real estate of Melbourne made them like better and the site more usually employed commercial real estate of Melbourne in Australia.
The outside of the field of such a company of commercial real estate of Melbourne is the territory of others several companies of commercial real estate of Melbourne which considerably exerted the assistance with the customers of commercial real estate of Melbourne. Some of these companies of commercial real estate of Melbourne also made their names popular to the majority of the customers of commercial real estate of Melbourne. Undoubtedly, they placed their titles at moreover high level with their effective and exceptional services of commercial real estate of Melbourne.
Columbus, Ohio Commercial Real Estate
Columbus being the capital of prosperous Ohio with the rise in the number the investment companies real commercial of successful Columbus, Ohio which contributed a great part in success commercial real sector of Columbus, Ohio. Today, several of the investment companies commercial real estate of Columbus, Ohio were established to continue to serve those which envisage property of commercial real estate to buy or sell Columbus, Ohio.
With the rise in much in the investment companies commercial real estate of Columbus, Ohio, one notes it that the need for the services and assistance for Columbus, of Ohio of commercial real estate also developed. This reality is made obvious by all the number of these people who have goals of commercial real estate need for their Columbus, Ohio. So much today, it is not astonishing that the investment companies commercial real estate of Columbus, of Ohio in the name of the services of warehouse of real estate, of real object of KING, and of the real estate of Columbus create an impact bursting with the general situation commercial real sector of Columbus, Ohio.
Thus for much of emphase, I would like to provide some information on those mentioned three investment companies commercial real estate of Columbus, Ohio which considerably exerted efforts and the expertise right of the customers of commercial real estate to help Columbus, Ohio.
To mention, the warehouse of real estate is one of these investment companies commercial real estate of successful Columbus, Ohio which generally helps the people by finding information sector of commercial real estate for Columbus, Ohio. Like one of acclaimed Columbus, site of commercial real estate of Ohio, the warehouse of real estate obtained with an average approximately 10.000 visitors each month. Such a number of the visitors of commercial real estate of Columbus, Ohio is really simply astonishing. For much of information, the warehouse of real estate having contributed a large part for success commercial real sector of Columbus, Ohio the inventory of the real goods commercial offered complete Columbus, Ohio which them real commercial covered all Columbus, Ohio to be sold in the sector. Except this, the company of commercial real estate of this Columbus, Ohio can help you the commercial real estate by finding Columbus, Ohio to be sold which will match with your personal characteristics.
Of second the company of commercial real estate notable Columbus, Ohio which is the services of real object of KING is really a complete service the company of commercial real estate of Columbus, Ohio which specializes in broking. With their Columbus, service of commercial real estate of Ohio, they can help you the properties of commercial real estate to locate Columbus, Ohio which is available for the sale or the lease. With such Columbus, service of commercial real estate of Ohio, you can of the investments of commercial real estate identify and evaluate Columbus, Ohio with their assistance. Except this, the company of commercial real estate of this Columbus, Ohio also offered the service for plans of negotiation and the commercial real estate of developing Columbus, Ohio project, as well as in identifying Columbus, property of commercial real estate of Ohio.
In conclusion, the third which is the real estate of Columbus bearing the name of Columbus, commercial real sector of Ohio is not any doubt devoted to provide services the commercial real estate for Columbus, Ohio. The site of commercial real estate of this Columbus, Ohio is made to provide information for the individuals who want to quickly find information walked of commercial real estate relating to Columbus, Ohio. If powerful the company of commercial real estate of this Columbus is the power, Ohio which it helped so many people area everywhere of Columbus, Ohio.
With the rise in much in the investment companies commercial real estate of Columbus, Ohio, one notes it that the need for the services and assistance for Columbus, of Ohio of commercial real estate also developed. This reality is made obvious by all the number of these people who have goals of commercial real estate need for their Columbus, Ohio. So much today, it is not astonishing that the investment companies commercial real estate of Columbus, of Ohio in the name of the services of warehouse of real estate, of real object of KING, and of the real estate of Columbus create an impact bursting with the general situation commercial real sector of Columbus, Ohio.
Thus for much of emphase, I would like to provide some information on those mentioned three investment companies commercial real estate of Columbus, Ohio which considerably exerted efforts and the expertise right of the customers of commercial real estate to help Columbus, Ohio.
To mention, the warehouse of real estate is one of these investment companies commercial real estate of successful Columbus, Ohio which generally helps the people by finding information sector of commercial real estate for Columbus, Ohio. Like one of acclaimed Columbus, site of commercial real estate of Ohio, the warehouse of real estate obtained with an average approximately 10.000 visitors each month. Such a number of the visitors of commercial real estate of Columbus, Ohio is really simply astonishing. For much of information, the warehouse of real estate having contributed a large part for success commercial real sector of Columbus, Ohio the inventory of the real goods commercial offered complete Columbus, Ohio which them real commercial covered all Columbus, Ohio to be sold in the sector. Except this, the company of commercial real estate of this Columbus, Ohio can help you the commercial real estate by finding Columbus, Ohio to be sold which will match with your personal characteristics.
Of second the company of commercial real estate notable Columbus, Ohio which is the services of real object of KING is really a complete service the company of commercial real estate of Columbus, Ohio which specializes in broking. With their Columbus, service of commercial real estate of Ohio, they can help you the properties of commercial real estate to locate Columbus, Ohio which is available for the sale or the lease. With such Columbus, service of commercial real estate of Ohio, you can of the investments of commercial real estate identify and evaluate Columbus, Ohio with their assistance. Except this, the company of commercial real estate of this Columbus, Ohio also offered the service for plans of negotiation and the commercial real estate of developing Columbus, Ohio project, as well as in identifying Columbus, property of commercial real estate of Ohio.
In conclusion, the third which is the real estate of Columbus bearing the name of Columbus, commercial real sector of Ohio is not any doubt devoted to provide services the commercial real estate for Columbus, Ohio. The site of commercial real estate of this Columbus, Ohio is made to provide information for the individuals who want to quickly find information walked of commercial real estate relating to Columbus, Ohio. If powerful the company of commercial real estate of this Columbus is the power, Ohio which it helped so many people area everywhere of Columbus, Ohio.
Commercial Real Estate Broker
Do you need a commercial real estate agent for your needs for commercial real estate? Can't you find the real estate agents commercial available and excellent? Then why made not you read some facts on the commercial real estate agent below and can where find the brokers available available and large in the world.
So much here we are. According to some studies, the commercial real estate agent is really an agent which can work for a broker. A commercial real estate agent in general should be responsible for all the transactions which will take place for commercial real estate. In oneself, the commercial real estate agent or an agent should have the specific expertise in commercial real estate, and in a more important way in specific sectors where you need. With such responsibilities, the commercial real estate agents should know all about the offices, of space to the detail, the industrial space of warehouse, the complexes of apartments, and the agricultural surfaces in particular.
Moreover, the commercial real estate agent takes the responsability to find the property of a certain customer of commercial real estate. And it is often considered it that even if the customer of commercial real estate just renting the property, the commercial real estate agent can be of priceless value and if the commercial real estate agent is nice, then a commercial real estate agent will leave and look at the property for the customer. Except these functions, the commercial real estate agent is also responsible to be used as intermediary arm-length to negotiate in the name of the customer of commercial real estate. Such a responsibility for a commercial real estate agent is really entrusted to a commercial real estate agent for the reason for which it can be much more effective if the commercial real estate agent is the person which negotiates that the customer trying to be in talks the business with itself.
For much of interest, each one should maintain in the spirit which a commercial real estate agent works on the similar businesses all the hour. In oneself, the commercial real estate agents know probably what they do. Thus for this matter, the knowledge and the contacts reached by the commercial real estate agents can be worth the cost of a commission well. For Your Information, the commercial real estate agent will help you not only in your business but the commercial real estate agents will also help you with the writings to ensure that you made not something idiot or stupid by tendering.
Today, there are several commercial real estate agents which were operation and assistance of the customers of commercial real estate in their report/ratio of businesses and of the transactions. In fact, much of notable companies on line provide even some services for those which seek the commercial real estate agents. To mention, CityFeet.com and associations of commercial real estate are among these much of companies which offered research of the commercial real estate agents. Thus if you want to find an real estate agnt commercial responsible, you try to visit these sites for your aedvantage.
So much here we are. According to some studies, the commercial real estate agent is really an agent which can work for a broker. A commercial real estate agent in general should be responsible for all the transactions which will take place for commercial real estate. In oneself, the commercial real estate agent or an agent should have the specific expertise in commercial real estate, and in a more important way in specific sectors where you need. With such responsibilities, the commercial real estate agents should know all about the offices, of space to the detail, the industrial space of warehouse, the complexes of apartments, and the agricultural surfaces in particular.
Moreover, the commercial real estate agent takes the responsability to find the property of a certain customer of commercial real estate. And it is often considered it that even if the customer of commercial real estate just renting the property, the commercial real estate agent can be of priceless value and if the commercial real estate agent is nice, then a commercial real estate agent will leave and look at the property for the customer. Except these functions, the commercial real estate agent is also responsible to be used as intermediary arm-length to negotiate in the name of the customer of commercial real estate. Such a responsibility for a commercial real estate agent is really entrusted to a commercial real estate agent for the reason for which it can be much more effective if the commercial real estate agent is the person which negotiates that the customer trying to be in talks the business with itself.
For much of interest, each one should maintain in the spirit which a commercial real estate agent works on the similar businesses all the hour. In oneself, the commercial real estate agents know probably what they do. Thus for this matter, the knowledge and the contacts reached by the commercial real estate agents can be worth the cost of a commission well. For Your Information, the commercial real estate agent will help you not only in your business but the commercial real estate agents will also help you with the writings to ensure that you made not something idiot or stupid by tendering.
Today, there are several commercial real estate agents which were operation and assistance of the customers of commercial real estate in their report/ratio of businesses and of the transactions. In fact, much of notable companies on line provide even some services for those which seek the commercial real estate agents. To mention, CityFeet.com and associations of commercial real estate are among these much of companies which offered research of the commercial real estate agents. Thus if you want to find an real estate agnt commercial responsible, you try to visit these sites for your aedvantage.
Commercial Real Estate Phoenix, Arizona Resources
Do you seek reliable commercial real estate and persons in charge the resources of Phoenixes, Arizona which will really help you in your commercial real estate of the problems of Phoenix, Arizona? Can't you wait to know the commercial real estate available and most recommended resources of Phoenix, Arizona? Well, here what you seek.
But before anything else satisfy consider that these two recommended the commercial real estate Phoenix, of the resources of Arizona are right among the best commercial real estate the resources of Phoenixes, Arizona which are accessible on line.
Real estate of Web
The real estate of Web is commercial real estate the company of Phoenix, Arizona which contributed much to the success of the commercial real estate industry of Phoenix, Arizona. With this commercial real estate Phoenix, the company of Arizona, the commercial real estate of the customers of Phoenix, Arizona will obtain really exact information and the best commercial real estate of the services of Phoenix, Arizona ever offered. Why? It is because, this certain commercial real estate company of Phoenix, Arizona have a broader range of the commercial real estate of the services of sale of Phoenix, Arizona for those which need the assistance with their commercial real estate of the problems of Phoenix, Arizona. Moreover, this commercial real estate company of Phoenix, Arizona is composed of professionals and the experts in the field of the commercial real estate Phoenix, of the subjects of Arizona and them are strongly devoted on helping the commercial real estate Phoenix, the customers of Arizona locate the commercial real estate Phoenix, the properties of Arizona or the industrial properties of Phoenix and guarantee an exceptional service.
For much of detail, this commercial real estate company of Phoenix, Arizona provides an up to date and complete directory commercial real estate of the properties of Phoenix, Arizona, like the capacity to communicate and provide such a service to the people by their advanced gate of communication of email. In oneself, it is good to hear that this commercial real estate company of Phoenix, Arizona have convenient information on the commercial real estate Phoenix, Arizona, the real estate, rental property, executive continuations, as well as of the properties of office.
Properties of Camroad
The properties of Camroad is commercial real estate the company of Phoenix, Arizona which provides the ten commercial real estate of the properties of Phoenix, Arizona with more than one half million of square feet of offices. It is important to note that this commercial real estate company of Phoenix, Arizona, having offered such a range of the commercial real estate of the properties of Phoenix, Arizona, is a long-term investor who tries to reach excellence in all the aspects of the leasing and the offices of management. And in oneself, they are composed devoted members who are really Masters in the field of the commercial real estate.
In conclusion, like owners of the commercial real estate with Phoenix, Arizona, this certain real estate commercial company of Phoenix, Arizona is responsible by providing excellent information and ideas, experiment, service, and analyzes with the commercial real estate the research of the customers of Phoenix, Arizona of the quality of the offices of Phoenix, Arizona. And it is interesting to note that the true cause of the great fame that this commercial real estate company of Phoenix, Arizona appreciated today is the fact that this commercial real estate company of Phoenix, Arizona maintained to a durable relationship with all their tenants. And such a report/ratio create a very good result, which is rates of conservation with an average of more than 80 percent in very of their commercial real estate of the properties of Phoenix, Arizona.
But before anything else satisfy consider that these two recommended the commercial real estate Phoenix, of the resources of Arizona are right among the best commercial real estate the resources of Phoenixes, Arizona which are accessible on line.
Real estate of Web
The real estate of Web is commercial real estate the company of Phoenix, Arizona which contributed much to the success of the commercial real estate industry of Phoenix, Arizona. With this commercial real estate Phoenix, the company of Arizona, the commercial real estate of the customers of Phoenix, Arizona will obtain really exact information and the best commercial real estate of the services of Phoenix, Arizona ever offered. Why? It is because, this certain commercial real estate company of Phoenix, Arizona have a broader range of the commercial real estate of the services of sale of Phoenix, Arizona for those which need the assistance with their commercial real estate of the problems of Phoenix, Arizona. Moreover, this commercial real estate company of Phoenix, Arizona is composed of professionals and the experts in the field of the commercial real estate Phoenix, of the subjects of Arizona and them are strongly devoted on helping the commercial real estate Phoenix, the customers of Arizona locate the commercial real estate Phoenix, the properties of Arizona or the industrial properties of Phoenix and guarantee an exceptional service.
For much of detail, this commercial real estate company of Phoenix, Arizona provides an up to date and complete directory commercial real estate of the properties of Phoenix, Arizona, like the capacity to communicate and provide such a service to the people by their advanced gate of communication of email. In oneself, it is good to hear that this commercial real estate company of Phoenix, Arizona have convenient information on the commercial real estate Phoenix, Arizona, the real estate, rental property, executive continuations, as well as of the properties of office.
Properties of Camroad
The properties of Camroad is commercial real estate the company of Phoenix, Arizona which provides the ten commercial real estate of the properties of Phoenix, Arizona with more than one half million of square feet of offices. It is important to note that this commercial real estate company of Phoenix, Arizona, having offered such a range of the commercial real estate of the properties of Phoenix, Arizona, is a long-term investor who tries to reach excellence in all the aspects of the leasing and the offices of management. And in oneself, they are composed devoted members who are really Masters in the field of the commercial real estate.
In conclusion, like owners of the commercial real estate with Phoenix, Arizona, this certain real estate commercial company of Phoenix, Arizona is responsible by providing excellent information and ideas, experiment, service, and analyzes with the commercial real estate the research of the customers of Phoenix, Arizona of the quality of the offices of Phoenix, Arizona. And it is interesting to note that the true cause of the great fame that this commercial real estate company of Phoenix, Arizona appreciated today is the fact that this commercial real estate company of Phoenix, Arizona maintained to a durable relationship with all their tenants. And such a report/ratio create a very good result, which is rates of conservation with an average of more than 80 percent in very of their commercial real estate of the properties of Phoenix, Arizona.
Commercial Real Estate Company
The investment company commercial real estate becomes one of the common concepts in the world of the commercial real sector. It is because the commercial real sector continues to develop and to affect the lives of the majority of the people. With such a reality, the investment company commercial real estate goes up as many people who need the assistance of the experts as regards commercial real estate, which can only be found at an investment company commercial real estate. Specifically, some of the customers of commercial real estate which needs the services of an investment company commercial real estate usually contacted a certain investment company commercial real estate to help them with the their needs and aims of commercial real estate.
Of this only explanation, it is comprehensible that an investment company commercial real estate is really the good place for subjects of commercial real estate. Acting as a vehicle for the successful position of investment company commercial real estate, the major part of the investment company commercial real estate really exerted efforts on their line of expertise. With this truth, use-and of investment company commercial real estate even provide except theirs appraises on the heap, some advance technologies for a better image of a certain investment company commercial real estate.
For other, information, an investment company commercial real estate being a place for the commercial real estate imports, is composed basically of some professionals and personnel authorized to help those which need their dilemmas of commercial real estate. In oneself, the personnel of investment company commercial real estate must thus know all with the subjects of commercial real estate including/understanding the laws of the commercial real estate. In fact at an investment company commercial real estate of reaching moreover high level of famous must serve the people in a way responsible and right.
As we always noted of an investment company commercial real estate, several factors are placed in order to be used the researchers as investment company commercial real estate. It is right a typical thing so that an investment company commercial real estate has missions and visions for the commercial success of the investment company real. Like some forms of organizations, an investment company commercial real estate also placed some rules for all the operation of a certain investment company commercial real estate. In conformity with that, several services are offered by an investment company commercial real estate which generally includes leasing, the purchases, or the sale of commercial real estate. Except this fact on the investment company commercial real estate, one always notes it that an investment company commercial real estate also offered services of investment company commercial real estate in conformity with the investment, management, financing, and much more.
Today, several services of investment company commercial real estate are offered for good better and the successful service of investment company commercial real estate. You must just exert your effort so that you in find some.
Of this only explanation, it is comprehensible that an investment company commercial real estate is really the good place for subjects of commercial real estate. Acting as a vehicle for the successful position of investment company commercial real estate, the major part of the investment company commercial real estate really exerted efforts on their line of expertise. With this truth, use-and of investment company commercial real estate even provide except theirs appraises on the heap, some advance technologies for a better image of a certain investment company commercial real estate.
For other, information, an investment company commercial real estate being a place for the commercial real estate imports, is composed basically of some professionals and personnel authorized to help those which need their dilemmas of commercial real estate. In oneself, the personnel of investment company commercial real estate must thus know all with the subjects of commercial real estate including/understanding the laws of the commercial real estate. In fact at an investment company commercial real estate of reaching moreover high level of famous must serve the people in a way responsible and right.
As we always noted of an investment company commercial real estate, several factors are placed in order to be used the researchers as investment company commercial real estate. It is right a typical thing so that an investment company commercial real estate has missions and visions for the commercial success of the investment company real. Like some forms of organizations, an investment company commercial real estate also placed some rules for all the operation of a certain investment company commercial real estate. In conformity with that, several services are offered by an investment company commercial real estate which generally includes leasing, the purchases, or the sale of commercial real estate. Except this fact on the investment company commercial real estate, one always notes it that an investment company commercial real estate also offered services of investment company commercial real estate in conformity with the investment, management, financing, and much more.
Today, several services of investment company commercial real estate are offered for good better and the successful service of investment company commercial real estate. You must just exert your effort so that you in find some.
Thursday, January 15, 2009
International Real Estate Investors Choose U.S. Properties
The weakening U.S. dollar and declining home values are largely discouraging for Americans homeowners. For international real estate investors, however, such conditions present opportunity. The National Association of Realtors (NAR) recently released the 2008 NAR Profile of International Home Buying Activity.
"NAR estimates that between 150,000 and 190,000 homes were sold to foreign nationals from May 2007 to May 2008," according to the NAR press release on the findings. "Recent foreign buyers purchased properties in every state and the District of Columbia. The most popular states where international buyers purchased homes are Florida, California and Texas. Arizona, New York, Washington and Nevada were also popular."
Nearly half of the properties purchased by foreign buyers were located in the South; 25.4 percent of all property sales to foreign buyers occurred in Florida alone. (For more information on foreign investment in Florida's real estate market, please see our previous article, Europeans Set Sights on Florida.)
"Foreign exchange rates have helped make U.S. homes more affordable for international buyers," according to NAR's press release. "The euro, for example, has strengthened 24 percent versus the U.S. dollar over the past two years. Home prices are also now more affordable in places such as Florida and Arizona, contributing to those states’ popularity among foreign buyers."
The typical foreign buyer bought a single-family home at $297,400, intended for use as a vacation home, where the buyer stayed 2.6 months of the year, according to the findings. 40 percent of foreign buyers made the purchase in cash, compared to just 7 percent of domestic homebuyers who do so. In the previous report, which covered the period between April 2006 and April 2007, 28 percent of foreign buyers made their purchases in cash. This 12 percent increase in foreign buyers who purchased properties in cash can perhaps be attributed to the weakened U.S. dollar and sinking home prices across the country.
Foreigners who invest in U.S. real estate also differ from their domestic counterparts in other ways. They tend to buy more expensive properties than domestic real estate investors, and are more likely to purchase a condo or townhome than domestic real estate investors. Foreign buyers purchase properties that cost an average of 36 percent more than domestic buyers, and 14 percent of properties purchased by foreigners cost $750,000 or more, according to the findings.
Investors from China were the most likely to purchase properties at $1 million and more, with 14 percent of Chinese buyers doing so. The median price paid by real estate investors from China was $450,000, the highest median of any location in the report.
Nearly one quarter of investors from India purchased properties to use as rentals, the highest found in the report.
"People from North America, Europe and Asia accounted for more than 85 percent of recent foreign home buying transactions. The top six countries of origin for foreign home buyers, in rank order, were Canada, the United Kingdom, Mexico, China, India and Germany," according to NAR's press release. "This year, Canada replaced Mexico as the country with the largest share of foreign buyers in the U.S. The percentage of Canadian buyers doubled from last year, from 11 percent to 23.5 percent."
26 percent of Realtors have worked with foreign homebuyers, according to Inman News; that is down slightly from the 32 percent of respondents in NAR's previous report, which covered the period between April 2006 and April 2007. The drop may be attributed in part to decreased confidence in the U.S. real estate market in the wake of its downturn.
The research included in the study covers the period between May 2007 and May 2008 and was based on responses from about 4,000 Realtors who work with international real estate investors. Such foreign buyers were defined as those who aren't classified as foreign-born residents of the U.S., and who principally reside out of the U.S.
"NAR estimates that between 150,000 and 190,000 homes were sold to foreign nationals from May 2007 to May 2008," according to the NAR press release on the findings. "Recent foreign buyers purchased properties in every state and the District of Columbia. The most popular states where international buyers purchased homes are Florida, California and Texas. Arizona, New York, Washington and Nevada were also popular."
Nearly half of the properties purchased by foreign buyers were located in the South; 25.4 percent of all property sales to foreign buyers occurred in Florida alone. (For more information on foreign investment in Florida's real estate market, please see our previous article, Europeans Set Sights on Florida.)
"Foreign exchange rates have helped make U.S. homes more affordable for international buyers," according to NAR's press release. "The euro, for example, has strengthened 24 percent versus the U.S. dollar over the past two years. Home prices are also now more affordable in places such as Florida and Arizona, contributing to those states’ popularity among foreign buyers."
The typical foreign buyer bought a single-family home at $297,400, intended for use as a vacation home, where the buyer stayed 2.6 months of the year, according to the findings. 40 percent of foreign buyers made the purchase in cash, compared to just 7 percent of domestic homebuyers who do so. In the previous report, which covered the period between April 2006 and April 2007, 28 percent of foreign buyers made their purchases in cash. This 12 percent increase in foreign buyers who purchased properties in cash can perhaps be attributed to the weakened U.S. dollar and sinking home prices across the country.
Foreigners who invest in U.S. real estate also differ from their domestic counterparts in other ways. They tend to buy more expensive properties than domestic real estate investors, and are more likely to purchase a condo or townhome than domestic real estate investors. Foreign buyers purchase properties that cost an average of 36 percent more than domestic buyers, and 14 percent of properties purchased by foreigners cost $750,000 or more, according to the findings.
Investors from China were the most likely to purchase properties at $1 million and more, with 14 percent of Chinese buyers doing so. The median price paid by real estate investors from China was $450,000, the highest median of any location in the report.
Nearly one quarter of investors from India purchased properties to use as rentals, the highest found in the report.
"People from North America, Europe and Asia accounted for more than 85 percent of recent foreign home buying transactions. The top six countries of origin for foreign home buyers, in rank order, were Canada, the United Kingdom, Mexico, China, India and Germany," according to NAR's press release. "This year, Canada replaced Mexico as the country with the largest share of foreign buyers in the U.S. The percentage of Canadian buyers doubled from last year, from 11 percent to 23.5 percent."
26 percent of Realtors have worked with foreign homebuyers, according to Inman News; that is down slightly from the 32 percent of respondents in NAR's previous report, which covered the period between April 2006 and April 2007. The drop may be attributed in part to decreased confidence in the U.S. real estate market in the wake of its downturn.
The research included in the study covers the period between May 2007 and May 2008 and was based on responses from about 4,000 Realtors who work with international real estate investors. Such foreign buyers were defined as those who aren't classified as foreign-born residents of the U.S., and who principally reside out of the U.S.
An introduction to investing in international real estate
It’s easy to take for granted the scope of “international real estate,” which lumps all the real estate markets of the world—193 countries, to be exact—into a single category of three words. While we recognize that a detailed guide to investing in international real estate could easily fill a book, NuWire has managed to summarize some of the basics into a short list of what investors should know before venturing into foreign real estate.
1. International real estate investment can offer excellent diversification of assets
Investment in international real estate offers diversification, which is “a superior investment style,” according to Ross Moore, senior vice president of Colliers International USA. Diversification effectively distributes risk among multiple markets and can optimize potential for return.
Because real estate market trends are cyclic, “we may have a down-cycle here in the United States, but [there may be] excellent opportunities in Argentina or Europe, [which] are in the beginning of an up-cycle,” Tyler Clay, president of FIABCI-USA, or the U.S. Chapter of the International Real Estate Federation, said.
Large, commercial real estate investors usually need a large amount of capital in order to acquire and maintain a global portfolio, according to Moore. However, small investors have the opportunity to diversify their assets on a microcosmic level, such as purchasing residential property in markets that show considerable potential for upward growth.
2. Currency exchange rates can enhance or impede profit margins
International real estate investment essentially combines property two types of assets: property and foreign currency. The value of a foreign currency can profoundly affect the amount of return made on an investment, as it increases or decreases relative to the U.S. dollar.
For example, a small office building in Europe worth €1 million six years ago would have equated to $920,000 U.S. dollars, when the Euro traded at 0.92 Euros to the dollar. Since then, any appreciation in the building’s value might have been compounded or negated by changes in exchange rate. In this case, the exchange rate would have added to the returns: With an appreciation of 10 percent, the newly valued €1.1 million office building would be worth $1.65 million— almost twice its original value in U.S. dollars.
Conversely, a strengthening dollar may slow down appreciation in a European property. Experts intuit that the value of the dollar may be at a cyclical low, and may soon begin to climb again.
“If I buy now at €1.54 on the dollar...but I think the dollar will be a little bit stronger [five years from now], that’s going to eat into my returns,” Clay said.
Investors who would prefer not to deal with the volatility of the foreign exchange market, or forex, at all “can hedge almost any currency and...really take currency out of the picture,” Moore said. “Then you’re investing purely on your expectations for [a] specific [real estate] market.”
HiFX, for example, offers investors services related to the forex market, and can give investors better exchange rates than banks.
However, hedging currency becomes more difficult when investors hold on to an asset for a long period of time, Moore added.
For more information about investment in foreign currency, please read our previous article, Forex Investment Market.
3. Legal technicalities (or the lack thereof) may increase risk
Navigating the legal landscape of a foreign real estate market can be daunting, especially in developing countries that have only recently opened their property markets to limited foreign investment. For markets in China and Southeast Asia, for instance, foreign investment and real estate ownership laws are changed or added rapidly, as their respective governments try to stabilize their growth.
Some countries, such as Vietnam, limit the amount of currency that can leave their borders, Clay said. Furthermore, title insurance is a relatively new product for many countries, and U.S. title insurance companies have only begun to establish a presence abroad in a limited selection of markets. Other locations, such as the United Kingdom, do not require or provide licensing for real estate agencies, which can leave the door open for fraud and predatory practices.
4. Foreign investment opportunities abound in Latin America
American investors can take advantage of a broad range of foreign real estate investment opportunities without leaving the Americas. Latin American real estate markets can be especially favorable, offering affordable property prices, government initiatives meant to attract foreign capital and exotic, beautiful landscapes, without having to traverse more than three time zones.
“I think South America is highly overlooked and underrated,” Moore said. “We produce a global office report...and it’s remarkable to me how transformed most of those markets are in a relatively short period of time.”
In the course of three to four years, for instance, vacancy rates shrank from in the mid-teens to less than 5 percent, Moore said.
In addition, countries such as Mexico and Panama are becoming popular among American expatriates, especially retirees, largely for their lower cost of living, according to Clay. (For more information on this, see our previous article, Beyond Florida.) The lower cost of health care, which fuels the medical tourism industry in many Latin American countries, is an added benefit for retirees.
“Panama City has a John Hopkins hospital right in the middle of town [which is] about three years old,” Clay said.
5. Working with international real estate professionals is an important first step
Regardless of the type of investment in foreign real estate, whether it may be in commercial real estate in an emergent economy or a vacation home in Mexico, investors should seek professionals who are knowledgeable about global markets and are well-connected with a network of localized real estate agents. Embarking on one’s own in unfamiliar territory can be a dangerous move.
“The devil’s in the details, and I think that’s especially true when you talk about global investment,” Moore said.
Colliers International, for instance, specializes in commercial and business real estate, and has 293 local offices in 91 countries. Smaller-scale investors can seek advice from FIABCI or a Certified International Property Specialist (CIPS) based in the U.S.
6. The U.S. real estate market is not necessarily a “bad” place for investment
The state of the U.S. housing market might be unnerving for many investors, but those who follow the traditional “buy low, sell high” mantra might see opportunity where others see cause for concern.
“I personally think that the U.S. real estate is actually a great place to invest, notwithstanding the next six to nine months where it’s going to get pretty sluggish,” Moore said. “Already you’re seeing opportunities today that nobody would even have dreamt of...nine months ago.”
Does this mean that investors can look forward to a potential up-cycle within the next year? At the least, U.S. real estate might seem like a more promising alternative to more expensive markets overseas.
1. International real estate investment can offer excellent diversification of assets
Investment in international real estate offers diversification, which is “a superior investment style,” according to Ross Moore, senior vice president of Colliers International USA. Diversification effectively distributes risk among multiple markets and can optimize potential for return.
Because real estate market trends are cyclic, “we may have a down-cycle here in the United States, but [there may be] excellent opportunities in Argentina or Europe, [which] are in the beginning of an up-cycle,” Tyler Clay, president of FIABCI-USA, or the U.S. Chapter of the International Real Estate Federation, said.
Large, commercial real estate investors usually need a large amount of capital in order to acquire and maintain a global portfolio, according to Moore. However, small investors have the opportunity to diversify their assets on a microcosmic level, such as purchasing residential property in markets that show considerable potential for upward growth.
2. Currency exchange rates can enhance or impede profit margins
International real estate investment essentially combines property two types of assets: property and foreign currency. The value of a foreign currency can profoundly affect the amount of return made on an investment, as it increases or decreases relative to the U.S. dollar.
For example, a small office building in Europe worth €1 million six years ago would have equated to $920,000 U.S. dollars, when the Euro traded at 0.92 Euros to the dollar. Since then, any appreciation in the building’s value might have been compounded or negated by changes in exchange rate. In this case, the exchange rate would have added to the returns: With an appreciation of 10 percent, the newly valued €1.1 million office building would be worth $1.65 million— almost twice its original value in U.S. dollars.
Conversely, a strengthening dollar may slow down appreciation in a European property. Experts intuit that the value of the dollar may be at a cyclical low, and may soon begin to climb again.
“If I buy now at €1.54 on the dollar...but I think the dollar will be a little bit stronger [five years from now], that’s going to eat into my returns,” Clay said.
Investors who would prefer not to deal with the volatility of the foreign exchange market, or forex, at all “can hedge almost any currency and...really take currency out of the picture,” Moore said. “Then you’re investing purely on your expectations for [a] specific [real estate] market.”
HiFX, for example, offers investors services related to the forex market, and can give investors better exchange rates than banks.
However, hedging currency becomes more difficult when investors hold on to an asset for a long period of time, Moore added.
For more information about investment in foreign currency, please read our previous article, Forex Investment Market.
3. Legal technicalities (or the lack thereof) may increase risk
Navigating the legal landscape of a foreign real estate market can be daunting, especially in developing countries that have only recently opened their property markets to limited foreign investment. For markets in China and Southeast Asia, for instance, foreign investment and real estate ownership laws are changed or added rapidly, as their respective governments try to stabilize their growth.
Some countries, such as Vietnam, limit the amount of currency that can leave their borders, Clay said. Furthermore, title insurance is a relatively new product for many countries, and U.S. title insurance companies have only begun to establish a presence abroad in a limited selection of markets. Other locations, such as the United Kingdom, do not require or provide licensing for real estate agencies, which can leave the door open for fraud and predatory practices.
4. Foreign investment opportunities abound in Latin America
American investors can take advantage of a broad range of foreign real estate investment opportunities without leaving the Americas. Latin American real estate markets can be especially favorable, offering affordable property prices, government initiatives meant to attract foreign capital and exotic, beautiful landscapes, without having to traverse more than three time zones.
“I think South America is highly overlooked and underrated,” Moore said. “We produce a global office report...and it’s remarkable to me how transformed most of those markets are in a relatively short period of time.”
In the course of three to four years, for instance, vacancy rates shrank from in the mid-teens to less than 5 percent, Moore said.
In addition, countries such as Mexico and Panama are becoming popular among American expatriates, especially retirees, largely for their lower cost of living, according to Clay. (For more information on this, see our previous article, Beyond Florida.) The lower cost of health care, which fuels the medical tourism industry in many Latin American countries, is an added benefit for retirees.
“Panama City has a John Hopkins hospital right in the middle of town [which is] about three years old,” Clay said.
5. Working with international real estate professionals is an important first step
Regardless of the type of investment in foreign real estate, whether it may be in commercial real estate in an emergent economy or a vacation home in Mexico, investors should seek professionals who are knowledgeable about global markets and are well-connected with a network of localized real estate agents. Embarking on one’s own in unfamiliar territory can be a dangerous move.
“The devil’s in the details, and I think that’s especially true when you talk about global investment,” Moore said.
Colliers International, for instance, specializes in commercial and business real estate, and has 293 local offices in 91 countries. Smaller-scale investors can seek advice from FIABCI or a Certified International Property Specialist (CIPS) based in the U.S.
6. The U.S. real estate market is not necessarily a “bad” place for investment
The state of the U.S. housing market might be unnerving for many investors, but those who follow the traditional “buy low, sell high” mantra might see opportunity where others see cause for concern.
“I personally think that the U.S. real estate is actually a great place to invest, notwithstanding the next six to nine months where it’s going to get pretty sluggish,” Moore said. “Already you’re seeing opportunities today that nobody would even have dreamt of...nine months ago.”
Does this mean that investors can look forward to a potential up-cycle within the next year? At the least, U.S. real estate might seem like a more promising alternative to more expensive markets overseas.
Gambling on Las Vegas Real Estate
Las Vegas, the neon city in the middle of a desert, has seen its housing market expand and collapse in the blink of an eye. But Las Vegas is a town where millionaires are made overnight and even real estate investors can win big.
Las Vegas’ neighborhoods are still recovering from the slump caused by overbuilding, speculation and subprime lending. Foreclosures line the streets and planned luxury high rise condos on the Las Vegas Strip are incomplete or sitting vacant. Looking ahead, changes to the job market and lending industry are about to put new pressure on Las Vegas’ housing market.
“The change in the market over the last three years has gone from an extreme hyper lack of supply to a severe glut,” Sean Brown, CEO of the National Association of Residential Real Estate Investment Advisors (NARREIA), said. “We’ve gone from [a] market where it was a cash flow positive, below national median house price…to something where you’re going to have negative cash flow...unless you do some bizarrely creative financing on it, which has gone away with the implosion of the lending industry.”
However, with the amount of commercial construction planned on the Strip, thousands of new jobs may emerge after the projects are completed. And with new jobs come demographic—and economic—growth.
Growth
“Taking a conservative approach, we’ve got 20,000 rooms being delivered, which represents 100,000 jobs,” Scott Meservey, Las Vegas real estate agent and NARREIA advisor, said. “Our current job market is sitting at 900,000 positions to service a valley of two million people, so you’re talking about a 12 percent forced increase in the job market.”
A number of hotels, casinos and other businesses are in the works on the Strip, Chris Whittaker, real estate agent with the O’Keefe Whittaker Group, said in an e-mail interview. The Venetian is opening a 3,000 room tower at the end of the year. City Center, a luxury casino-hotel-condo complex, is opening in November 2009 and will create 20,000 to 30,000 new jobs. And Donald Trump is building a new tower. Additionally, Whittaker said he estimates that $30 billion will be spent between Sahara and McCarren airports.
“We have another $15 billion of already approved projects...over the next five years,” Meservey said. “Over the last 15 years, there has been $15 billion [spent] here since the Mirage went up. So we are looking at, in the next five years, as many dollars spent…as has been spent here in the last 15 years.”
“A client of the company...has acquired more than 100 homes in Las Vegas,” Tim Kuptz, owner of a Las Vegas RE/MAX real estate brokerage, said in an e-mail interview. “His strategy is simple. Whenever he thinks there are a good number of construction cranes in the skyline, he buys more homes. Today there are 42 cranes on the Strip alone. He is buying again.”
Housing prices
While Las Vegas may be cheap compared to other global tourism destinations, the city’s housing prices have been mercurial in the last five years.
SalesTraq reported that the median price for new homes in the Las Vegas Valley was $309,241 in August, 13 percent below its peak in April 2006, according to the Associated Press. Economists predict that the housing slump in Las Vegas could last another three years and cause prices to drop 15 percent, according to the Associated Press.
Some real estate experts, taking the job market into consideration, have another opinion on the matter.
“I don’t think it’ll be a housing shortage,” Brown said. “I think, because people will be keeping an eye on it...that as soon as they see any kind of demand come back, they’re going to turn the floodgates on again. But I do think in the next 18 months to two years we’re going to see a very nice turnaround in this market because of the increased demand.”
The current supply of homes is sitting at nearly 24 months, according to Kuptz.
“In April 2004 we had 2,100 homes in the MLS, and every person cashing their equity to buy homes is a crazy market,” Kuptz said. “Four in 10 were investment homes with most of the money coming from California. Today we have 27,400 homes in the MLS. More than 48 percent are vacant on the market.”
With that kind of inventory, builders aren’t building much, and it’s undoubtedly a buyer’s market. (For more information on overbuilding in Las Vegas, see our article on the Top 5 Overbuilt U.S. Markets in 2007.)
Las Vegas Valley Area
The Las Vegas Valley area looks promising for rental property investors. While home prices are less expensive in outlying areas, the valley is where home prices are likely to appreciate most in the future.
“You have to realize that the valley of Las Vegas is surrounded by mountains,” Brown said. “There is a finite amount of land in Las Vegas Valley and all that land has been purchased by builders....Once that stuff is built out...then we have to spill out into the valley up toward Moapa...but you’ll no longer be in the inner ring.”
Within Las Vegas Valley, there are some areas that are better for investing than others, such as Seven Hills, Green Valley Ranch, Southern Highlands, and Summerlin.
“Inside the valley, Summerlin on the west side, is a very popular area,” Meservey said. “It’s a little higher end....A lot of your residential infrastructure is already in place, and now you’re looking at an infill of gaming; Red Rock casino; a nationally renowned five-star resort, and all that it brings with it; movie theaters; lots of commercial office space going in.”
“For the average investor, you still can’t go wrong buying a single family home in a master planned community where families want to live,” Whittaker said. “Summerlin has been a top selling community nationally for over a decade.”
The southwest area of town is the fastest growing, according to Kuptz.
“The Henderson area of the valley will present the best long-term hold,” Kuptz said. “The demographics are good, the city is run great and boasts the best schools and more park acres per capita than anywhere else in the valley...during our boom, the western [ZIP codes] of Henderson had the highest appreciation rates. There is no reason to suspect it would change for the future.”
“Newer Henderson...that’s a very popular area, desirable place to live, a very good longer term hold,” Meservey said.
Staying within Las Vegas Valley, close to the center of the city, will likely be a wise move in the coming years. “It’s a natural progression of things,” Meservey said. “The closer you are to the hub, to the center, the more expensive it’s going to be.”
The Las Vegas Strip
Given that pricing and appreciation are higher closer to the center of the city, what investor wouldn’t want to try their hand at owning a piece of the Strip?
“There’s been great demand for high rise properties since 2005, when the threat of running out of land in Las Vegas caused developers to think about going up instead of out,” Whittaker said.
However, the luxury high rise market may not be the best choice for all investors.
“[With] the cost of holding these units, the cost of buying and selling these units, they’re going to be lucky to break even,” Brown said. “The fact of the matter is that there is a glut of these properties....To go in there and think that you’re going to speculate and buy on the retail side and turn around and flip these things is entirely impractical and actually quite risky.”
Brown isn’t the only one worried about the practicality of investing in luxury high rises.
“Yes, they are beautiful works of art and yes, you ‘own’ a piece of the Strip, but with prices around $1,000 [per square foot], that’s a lot of money," Whittaker said. "Who is the end user for all these condos? What happens when they get built and people need to sell?”
However, it is possible to find less expensive condos that might present a positive cash flow scenario.
“I...like high rises closer to $400 [per square foot]. with views of the Strip,” Whittaker said. “Compared to what the new stuff is selling for, this is more than 50 percent less. I like anything that cash flows positive which requires 10 percent down.”
Investors may need to look into foreclosures to find cash flow positive scenarios.
Foreclosures
The Las Vegas-Paradise Metropolitan Stastical Area has the second highest foreclosure rate in the country, according to RealtyTrac’s statistics for January through June 2007. Nevada posted the highest foreclosure rates in the country for the third quarter of 2007; one out of every 61 houses in the state is in foreclosure, according to RealtyTrac.
With those numbers, strategies such as flipping foreclosed homes and rehabbing are unlikely to be profitable in Las Vegas right now.
“I believe the flip investment is not a broad consideration in our market today,” Kuptz said. “With short sales and foreclosures occupying the bottom of the market already, and our supply of nearly 24 months of homes, it does not make sense....The margins are not enough for the risk.”
“If you buy a distressed home at a good price and add carpet and paint, you still need to hold it for at least a year before you can try to flip it,” Whittaker said. “It’s too risky right now to try a flip because buying has been softened by the lending restrictions.”
Buying multi-family rental property is a hot investment right now, however. Rental property has been a good investment in the past and many investors are now buying it up.
“We have lots of tenants here because of the nature of this city being transient,” Whittaker said. “There’s also a trend of homeowners who got foreclosed on and they still need a place to live. This is a very difficult market in our area because a lot of investors are already here buying these apartment buildings like crazy.”
Long-term outlook
For investors willing to weather the ups and downs of the Las Vegas housing market, the wisest investment may be buying and holding property.
“I think the buy and hold is a great opportunity right now with the status of the market being depressed," Meservey said. "I think you can find some real good deals...I think in the next two years, you’re going to see significant returns if you go in smart now.”
“Own any piece of Las Vegas,” Kuptz said. “The prospects are too good for the opportunity to remain long....Many millionaires have been made here. And many more are waiting in the wings.”
Las Vegas’ neighborhoods are still recovering from the slump caused by overbuilding, speculation and subprime lending. Foreclosures line the streets and planned luxury high rise condos on the Las Vegas Strip are incomplete or sitting vacant. Looking ahead, changes to the job market and lending industry are about to put new pressure on Las Vegas’ housing market.
“The change in the market over the last three years has gone from an extreme hyper lack of supply to a severe glut,” Sean Brown, CEO of the National Association of Residential Real Estate Investment Advisors (NARREIA), said. “We’ve gone from [a] market where it was a cash flow positive, below national median house price…to something where you’re going to have negative cash flow...unless you do some bizarrely creative financing on it, which has gone away with the implosion of the lending industry.”
However, with the amount of commercial construction planned on the Strip, thousands of new jobs may emerge after the projects are completed. And with new jobs come demographic—and economic—growth.
Growth
“Taking a conservative approach, we’ve got 20,000 rooms being delivered, which represents 100,000 jobs,” Scott Meservey, Las Vegas real estate agent and NARREIA advisor, said. “Our current job market is sitting at 900,000 positions to service a valley of two million people, so you’re talking about a 12 percent forced increase in the job market.”
A number of hotels, casinos and other businesses are in the works on the Strip, Chris Whittaker, real estate agent with the O’Keefe Whittaker Group, said in an e-mail interview. The Venetian is opening a 3,000 room tower at the end of the year. City Center, a luxury casino-hotel-condo complex, is opening in November 2009 and will create 20,000 to 30,000 new jobs. And Donald Trump is building a new tower. Additionally, Whittaker said he estimates that $30 billion will be spent between Sahara and McCarren airports.
“We have another $15 billion of already approved projects...over the next five years,” Meservey said. “Over the last 15 years, there has been $15 billion [spent] here since the Mirage went up. So we are looking at, in the next five years, as many dollars spent…as has been spent here in the last 15 years.”
“A client of the company...has acquired more than 100 homes in Las Vegas,” Tim Kuptz, owner of a Las Vegas RE/MAX real estate brokerage, said in an e-mail interview. “His strategy is simple. Whenever he thinks there are a good number of construction cranes in the skyline, he buys more homes. Today there are 42 cranes on the Strip alone. He is buying again.”
Housing prices
While Las Vegas may be cheap compared to other global tourism destinations, the city’s housing prices have been mercurial in the last five years.
SalesTraq reported that the median price for new homes in the Las Vegas Valley was $309,241 in August, 13 percent below its peak in April 2006, according to the Associated Press. Economists predict that the housing slump in Las Vegas could last another three years and cause prices to drop 15 percent, according to the Associated Press.
Some real estate experts, taking the job market into consideration, have another opinion on the matter.
“I don’t think it’ll be a housing shortage,” Brown said. “I think, because people will be keeping an eye on it...that as soon as they see any kind of demand come back, they’re going to turn the floodgates on again. But I do think in the next 18 months to two years we’re going to see a very nice turnaround in this market because of the increased demand.”
The current supply of homes is sitting at nearly 24 months, according to Kuptz.
“In April 2004 we had 2,100 homes in the MLS, and every person cashing their equity to buy homes is a crazy market,” Kuptz said. “Four in 10 were investment homes with most of the money coming from California. Today we have 27,400 homes in the MLS. More than 48 percent are vacant on the market.”
With that kind of inventory, builders aren’t building much, and it’s undoubtedly a buyer’s market. (For more information on overbuilding in Las Vegas, see our article on the Top 5 Overbuilt U.S. Markets in 2007.)
Las Vegas Valley Area
The Las Vegas Valley area looks promising for rental property investors. While home prices are less expensive in outlying areas, the valley is where home prices are likely to appreciate most in the future.
“You have to realize that the valley of Las Vegas is surrounded by mountains,” Brown said. “There is a finite amount of land in Las Vegas Valley and all that land has been purchased by builders....Once that stuff is built out...then we have to spill out into the valley up toward Moapa...but you’ll no longer be in the inner ring.”
Within Las Vegas Valley, there are some areas that are better for investing than others, such as Seven Hills, Green Valley Ranch, Southern Highlands, and Summerlin.
“Inside the valley, Summerlin on the west side, is a very popular area,” Meservey said. “It’s a little higher end....A lot of your residential infrastructure is already in place, and now you’re looking at an infill of gaming; Red Rock casino; a nationally renowned five-star resort, and all that it brings with it; movie theaters; lots of commercial office space going in.”
“For the average investor, you still can’t go wrong buying a single family home in a master planned community where families want to live,” Whittaker said. “Summerlin has been a top selling community nationally for over a decade.”
The southwest area of town is the fastest growing, according to Kuptz.
“The Henderson area of the valley will present the best long-term hold,” Kuptz said. “The demographics are good, the city is run great and boasts the best schools and more park acres per capita than anywhere else in the valley...during our boom, the western [ZIP codes] of Henderson had the highest appreciation rates. There is no reason to suspect it would change for the future.”
“Newer Henderson...that’s a very popular area, desirable place to live, a very good longer term hold,” Meservey said.
Staying within Las Vegas Valley, close to the center of the city, will likely be a wise move in the coming years. “It’s a natural progression of things,” Meservey said. “The closer you are to the hub, to the center, the more expensive it’s going to be.”
The Las Vegas Strip
Given that pricing and appreciation are higher closer to the center of the city, what investor wouldn’t want to try their hand at owning a piece of the Strip?
“There’s been great demand for high rise properties since 2005, when the threat of running out of land in Las Vegas caused developers to think about going up instead of out,” Whittaker said.
However, the luxury high rise market may not be the best choice for all investors.
“[With] the cost of holding these units, the cost of buying and selling these units, they’re going to be lucky to break even,” Brown said. “The fact of the matter is that there is a glut of these properties....To go in there and think that you’re going to speculate and buy on the retail side and turn around and flip these things is entirely impractical and actually quite risky.”
Brown isn’t the only one worried about the practicality of investing in luxury high rises.
“Yes, they are beautiful works of art and yes, you ‘own’ a piece of the Strip, but with prices around $1,000 [per square foot], that’s a lot of money," Whittaker said. "Who is the end user for all these condos? What happens when they get built and people need to sell?”
However, it is possible to find less expensive condos that might present a positive cash flow scenario.
“I...like high rises closer to $400 [per square foot]. with views of the Strip,” Whittaker said. “Compared to what the new stuff is selling for, this is more than 50 percent less. I like anything that cash flows positive which requires 10 percent down.”
Investors may need to look into foreclosures to find cash flow positive scenarios.
Foreclosures
The Las Vegas-Paradise Metropolitan Stastical Area has the second highest foreclosure rate in the country, according to RealtyTrac’s statistics for January through June 2007. Nevada posted the highest foreclosure rates in the country for the third quarter of 2007; one out of every 61 houses in the state is in foreclosure, according to RealtyTrac.
With those numbers, strategies such as flipping foreclosed homes and rehabbing are unlikely to be profitable in Las Vegas right now.
“I believe the flip investment is not a broad consideration in our market today,” Kuptz said. “With short sales and foreclosures occupying the bottom of the market already, and our supply of nearly 24 months of homes, it does not make sense....The margins are not enough for the risk.”
“If you buy a distressed home at a good price and add carpet and paint, you still need to hold it for at least a year before you can try to flip it,” Whittaker said. “It’s too risky right now to try a flip because buying has been softened by the lending restrictions.”
Buying multi-family rental property is a hot investment right now, however. Rental property has been a good investment in the past and many investors are now buying it up.
“We have lots of tenants here because of the nature of this city being transient,” Whittaker said. “There’s also a trend of homeowners who got foreclosed on and they still need a place to live. This is a very difficult market in our area because a lot of investors are already here buying these apartment buildings like crazy.”
Long-term outlook
For investors willing to weather the ups and downs of the Las Vegas housing market, the wisest investment may be buying and holding property.
“I think the buy and hold is a great opportunity right now with the status of the market being depressed," Meservey said. "I think you can find some real good deals...I think in the next two years, you’re going to see significant returns if you go in smart now.”
“Own any piece of Las Vegas,” Kuptz said. “The prospects are too good for the opportunity to remain long....Many millionaires have been made here. And many more are waiting in the wings.”
Women in Business
As president of The Entrust Group, Lisa Moren Bromma has valuable insight into the roles women play in the marketplace. Women may not be wrong in feeling discouraged about entering into what has always been classified as a man’s game based on the salary gap between men and women—women make 76 cents for every dollar men make, according to the U.S. Census Bureau—but as more and more women fight gender discrimination, they are starting to see that their efforts are not in vain.
Because of her personal life experiences, Moren Bromma has a good idea of what it takes to start off on the right foot in business, despite the fact that the cards haven’t always been in her favor. For business owners just starting out, she said she suggests getting letters of reference. She also said women should work with their sphere of influence and network within their local marketplaces to gain contacts they trust and can do business with. Developing that level of trust, and gaining trust with other people, she said, is one of the biggest hurdles women face in business.
Moren Bromma has experienced the difficulties of doing projects on her own. In her books and lectures, she strongly suggests that women create a roadmap for success. Goal setting is one of the most important steps to creating a solid business plan, she said.
Moren Bromma said she believes that one of the biggest challenges women face is meeting likeminded people. By joining business support groups such as NAWBO (The National Association of Women Business Owners) to get support from other female entrepreneurs and business owners, women can do just that.
“Let’s face it, an investor going out and investing in real estate is a business owner, and they’ll get a lot of support from a business perspective, and they’ll meet other women in their area doing what they are doing," she said.
The clearest and most direct path to being a successful female business owner starts with surrounding yourself with the right people; but integral to this step is finding the right kinds of educational resources, Moren Bromma said. In addition to business support groups such as NAWBO, she said women should connect with coaches and business-focused peer groups, many of which have specific sub-groups just for women business owners.
Besides education, learning how to perform due diligence when starting a new business of any kind is paramount to a successful practice. “Don’t believe everything you read,” Moren Bromma said. “Do your own due diligence. Never allow anyone to vote on your money. You can listen to everyone’s advice—you make the final decision."
According to Moren Bromma, the difficulty of being a woman in business is not necessarily the process of owning a business; it’s the confidence that many women lack to be in specific fields or to commit to a business plan. Women are rightfully influenced by negative concerns that they are going to be taken advantage of and perceived as inexperienced, she said, and overcoming those stumbling blocks is a bigger issue than just deciding to start a business.
The advice Moren Bromma gives women investors transcends gender. It is wise for women to both look into the areas where they may face challenges and to discern the ways they can address these challenges, she said.
Moren Bromma said she is optimistic about the future of women in business. “Women are much more sophisticated and [can] roll with the times. That’s what all of us should aspire to do. They have taken the bumps in the road and have made lemonade out of lemons and have moved on. They are creative and confident they can always stay ahead of the game.”
Women Investing in Real Estate
There are women all over the country who would like to become real estate investors but many don't know how to start. Some lack knowledge; some, aware that they lack the necessary knowledge, in turn lack confidence. Where should women who want to get started investing in real estate begin?
The internet is a good place for them to turn.
Women who want to begin investing in real estate can learn some of the basics of investing in real estate by reading educational materials online, and they can develop a familiarity with the topic by reading about current events and trends in the real estate market.
Lack of knowledge is not the only thing that keeps some women from becoming real estate investors; fear is also a contributing factor, Charita Cadenhead, founder of Bham WIire (Birmingham Women Investing in Real Estate), a group for women interested in real estate investing, said. "They're afraid of losing money, they're afraid of not making the right decisions...and credit issues are also involved." In addition, Cadenhead said, "they don't know how to get started."
Real estate investment clubs
Providing women with industry contacts and education, real estate investment clubs are a good place to start. Dawn Jordan-Wells, a broker/associate for Hodge Homes, said she recommended that women interested in investing in real estate do a simple internet search for "real estate investing" to find local investment groups to start attending.
"Finding other women to network with was beneficial," Jordan-Wells said.
Real estate investment clubs exist in many incarnations; some are larger and more formal than others. The National Real Estate Investment Association (NREIA) has about 40,000 members in its 230 Real Estate Investment Association (REIA) chapters nationwide, according to its website.
Women interested in investing in real estate, and those who are already doing so, "should get into a REIA so they can get a pulse on the market," Lisa Moren-Bromma, author of Wise Women Invest in Real Estate and Real Estate Investing for the Utterly Confused and president of The Entrust Group, said. Additional benefits of joining a REIA, according to Moren-Bromma, include access to educational offerings and details about legislation that could impact real estate investors. By joining a REIA, real estate investors "are going to have up-to-date information, not just on the markets, but also on the law."
Cadenhead said women interested in investing in real estate should "join those clubs [and] sit in on some of the meetings. They have great guest speakers."
Those new to real estate investing should exercise caution, however, and carefully evaluate what guest speakers say rather than simply taking their words at face value. In some cases, speakers at local REIAs try to sell something to the audience, Moren-Bromma said; new members should "just be aware. Be there to learn, and to network with other people who have been doing this a while," she said.
"I would urge women to be extremely careful in [whom] they elect to give their money to," she said.
In addition to REIA chapters, there are also smaller and less formal investment groups. Jordan-Wells said the website MeetUp.com has allowed her to meet and interact with other investors and those who are interested in investing. She posted an event on the website last August, and now attendance at her monthly meetings about investing has increased from an average of five people to an average of 15 people, she said.
"I'm hoping to grow that," she said. The attendees are mostly women, Jordan-Wells said, and "we just share information and we're more comfortable because, you know, we have that common bond."
Cadenhead also used MeetUp.com to reach out to women in the real estate investment world, and Bham WIire has grown from that, she said.
In addition to investment clubs specifically pertaining to real estate, "I would strongly recommend also looking for support from a general business perspective at NAWBO, the National Association of Women Business Owners," Moren-Bromma said. "They'll get a lot of support from a business owner's perspective and from women in their own area."
Networking
No matter what type of real estate or general investment clubs women seeking to become real estate investors choose to join, such groups can provide them with crucial opportunities for networking, education and support.
"The greatest key is knowledge," Cadenhead said, and women new to real estate investing can benefit from "being around other people who do invest to learn the process from those people."
Learning from and working with other women who are experienced real estate investors can also be a good way to gain confidence. Moren-Bromma said she recommended that beginning investors "work with somebody with some experience in real estate investing—get your feet wet a little bit before you go out on your own."
At real estate investment clubs, "there are real estate agents and other investors there for them to network with, there are lenders, there are contractors," Cadenhead said.
"Everybody who's related to the real estate industry can be found right there...so they can form their own network there to get them ready for real estate investing," Moren-Bromma said. After joining a group, women should "put a business plan, or a marketing plan, or a road map together—their checklist of things that they need to do in order to become successful," she said.
Moren-Bromma also said she recommended that women put together a team of experts to work with when investing. "You have your financial team: your accountant, your attorney, a property manager if you're buying to hold property for the long term...people that can assist you and be part of your team so that when you go out to identify and find a deal, nothing is going to stand in the way if the deal makes sense. You've got your people, your money—all your ducks in a row."
"If a woman does that, she's going to be very successful in real estate."
Strategies for women
Considering the credit crunch underway across the country, combined with the potential recession, many women who are interested in becoming real estate investors hesitate because they are nervous about money. More precisely, they are worried about not having enough money to be able to invest in real estate.
"I think [women] think that they need to have a lot of capital up front," Jordan-Wells said. "Or their credit may be bad and they don't think they can get started because of that, either."
Cadenhead said that investors will need some money up front. "It's going to take a little money to get started," she said. "Six to eight months ago, an investor could buy a property with no money down and get it financed for 100 percent. With all the foreclosures going on across the country, that kind of put a thorn in that, and so now [real estate investors need] to come up with money," Cadenhead said. "Whether that's 10 percent or 20 percent, a lot of them just don't have it."
Fortunately, for women just starting out, "There's a lot of different creative strategies, like lease options, that they could do to get into a property," Moren-Bromma said.
Buying pre-foreclosures or foreclosures is another strategy that may suit women in particular well for a variety of reasons. While foreclosure properties tend to be more affordable, they typically must be purchased with cash up front. Pre-foreclosures would be a better option for people without a lot of cash on hand.
Another reason is that, because in many cases women are more nurturing than men, a woman "may be able to talk with homeowners who are in [pre-foreclosure] and get them to let [her] purchase a house below market [price] compared to a man approaching them to do that," Jordan-Wells said.
Cadenhead also said the foreclosure market is a place in which many women investing in real estate could find their niche. "I think women will play a major role in their commitment to revitalize areas hardest hit by foreclosures," she said. "Members of my group, Bham WIire, have made a commitment to buying and rehabbing houses in these areas and then sharing equity with properties that they sell. And by doing this, homes become more affordable....We take a little less profit for it, but something has got to stimulate home sales again, particularly in these areas."
Such a strategy allows the investors to profit not just from the revitalization of a particular property, but from the revitalization of a particular area. Such dedication to a community can improve an area's economic outlook. Cadenhead said this type of investment is well suited to women because "a great advantage that women hold over men is compassion, and empathy."
Outlook
"[Women] are relationship people," Cadenhead said. "We're good at establishing a relationship, we're good at earning trust, and so people want to do business with us. It becomes a lot easier for us to develop a good reputation for delivering a quality product. This is a tremendous advantage [for] women, particularly when it comes to rehabbing property."
Jordan-Wells said she recommended that women who lack experience with do-it-yourself home projects attend classes, such as those offered by hardware and home improvement stores, to learn the basics. Then, if someday they are looking at investing in a property that may require some work, they can make the right decisions about the deal. Do-it-yourself skills could be particularly useful for women who want to rehab properties.
Negotiating can be another important skill for women to concentrate on learning. "[Women should] learn better negotiation skills," Cadenhead said. "Acquire that skill and take control."
Cadenhead said she doesn't think that women are at any inherent disadvantage when it comes to investing in real estate. "I think the major disadvantage is probably internal," she said. "Women only feel that they lack the power and authority. They feel like they can't do it because investing is a male-dominated field."
Moren-Bromma also said that women investing in real estate are not less likely to be successful solely because they are women. "It’s not that it's difficult, it's that women tend not to have the confidence," she said. "Somebody who's persistent and somebody who believes in themselves, whether male or female, will do just fine.".
The internet is a good place for them to turn.
Women who want to begin investing in real estate can learn some of the basics of investing in real estate by reading educational materials online, and they can develop a familiarity with the topic by reading about current events and trends in the real estate market.
Lack of knowledge is not the only thing that keeps some women from becoming real estate investors; fear is also a contributing factor, Charita Cadenhead, founder of Bham WIire (Birmingham Women Investing in Real Estate), a group for women interested in real estate investing, said. "They're afraid of losing money, they're afraid of not making the right decisions...and credit issues are also involved." In addition, Cadenhead said, "they don't know how to get started."
Real estate investment clubs
Providing women with industry contacts and education, real estate investment clubs are a good place to start. Dawn Jordan-Wells, a broker/associate for Hodge Homes, said she recommended that women interested in investing in real estate do a simple internet search for "real estate investing" to find local investment groups to start attending.
"Finding other women to network with was beneficial," Jordan-Wells said.
Real estate investment clubs exist in many incarnations; some are larger and more formal than others. The National Real Estate Investment Association (NREIA) has about 40,000 members in its 230 Real Estate Investment Association (REIA) chapters nationwide, according to its website.
Women interested in investing in real estate, and those who are already doing so, "should get into a REIA so they can get a pulse on the market," Lisa Moren-Bromma, author of Wise Women Invest in Real Estate and Real Estate Investing for the Utterly Confused and president of The Entrust Group, said. Additional benefits of joining a REIA, according to Moren-Bromma, include access to educational offerings and details about legislation that could impact real estate investors. By joining a REIA, real estate investors "are going to have up-to-date information, not just on the markets, but also on the law."
Cadenhead said women interested in investing in real estate should "join those clubs [and] sit in on some of the meetings. They have great guest speakers."
Those new to real estate investing should exercise caution, however, and carefully evaluate what guest speakers say rather than simply taking their words at face value. In some cases, speakers at local REIAs try to sell something to the audience, Moren-Bromma said; new members should "just be aware. Be there to learn, and to network with other people who have been doing this a while," she said.
"I would urge women to be extremely careful in [whom] they elect to give their money to," she said.
In addition to REIA chapters, there are also smaller and less formal investment groups. Jordan-Wells said the website MeetUp.com has allowed her to meet and interact with other investors and those who are interested in investing. She posted an event on the website last August, and now attendance at her monthly meetings about investing has increased from an average of five people to an average of 15 people, she said.
"I'm hoping to grow that," she said. The attendees are mostly women, Jordan-Wells said, and "we just share information and we're more comfortable because, you know, we have that common bond."
Cadenhead also used MeetUp.com to reach out to women in the real estate investment world, and Bham WIire has grown from that, she said.
In addition to investment clubs specifically pertaining to real estate, "I would strongly recommend also looking for support from a general business perspective at NAWBO, the National Association of Women Business Owners," Moren-Bromma said. "They'll get a lot of support from a business owner's perspective and from women in their own area."
Networking
No matter what type of real estate or general investment clubs women seeking to become real estate investors choose to join, such groups can provide them with crucial opportunities for networking, education and support.
"The greatest key is knowledge," Cadenhead said, and women new to real estate investing can benefit from "being around other people who do invest to learn the process from those people."
Learning from and working with other women who are experienced real estate investors can also be a good way to gain confidence. Moren-Bromma said she recommended that beginning investors "work with somebody with some experience in real estate investing—get your feet wet a little bit before you go out on your own."
At real estate investment clubs, "there are real estate agents and other investors there for them to network with, there are lenders, there are contractors," Cadenhead said.
"Everybody who's related to the real estate industry can be found right there...so they can form their own network there to get them ready for real estate investing," Moren-Bromma said. After joining a group, women should "put a business plan, or a marketing plan, or a road map together—their checklist of things that they need to do in order to become successful," she said.
Moren-Bromma also said she recommended that women put together a team of experts to work with when investing. "You have your financial team: your accountant, your attorney, a property manager if you're buying to hold property for the long term...people that can assist you and be part of your team so that when you go out to identify and find a deal, nothing is going to stand in the way if the deal makes sense. You've got your people, your money—all your ducks in a row."
"If a woman does that, she's going to be very successful in real estate."
Strategies for women
Considering the credit crunch underway across the country, combined with the potential recession, many women who are interested in becoming real estate investors hesitate because they are nervous about money. More precisely, they are worried about not having enough money to be able to invest in real estate.
"I think [women] think that they need to have a lot of capital up front," Jordan-Wells said. "Or their credit may be bad and they don't think they can get started because of that, either."
Cadenhead said that investors will need some money up front. "It's going to take a little money to get started," she said. "Six to eight months ago, an investor could buy a property with no money down and get it financed for 100 percent. With all the foreclosures going on across the country, that kind of put a thorn in that, and so now [real estate investors need] to come up with money," Cadenhead said. "Whether that's 10 percent or 20 percent, a lot of them just don't have it."
Fortunately, for women just starting out, "There's a lot of different creative strategies, like lease options, that they could do to get into a property," Moren-Bromma said.
Buying pre-foreclosures or foreclosures is another strategy that may suit women in particular well for a variety of reasons. While foreclosure properties tend to be more affordable, they typically must be purchased with cash up front. Pre-foreclosures would be a better option for people without a lot of cash on hand.
Another reason is that, because in many cases women are more nurturing than men, a woman "may be able to talk with homeowners who are in [pre-foreclosure] and get them to let [her] purchase a house below market [price] compared to a man approaching them to do that," Jordan-Wells said.
Cadenhead also said the foreclosure market is a place in which many women investing in real estate could find their niche. "I think women will play a major role in their commitment to revitalize areas hardest hit by foreclosures," she said. "Members of my group, Bham WIire, have made a commitment to buying and rehabbing houses in these areas and then sharing equity with properties that they sell. And by doing this, homes become more affordable....We take a little less profit for it, but something has got to stimulate home sales again, particularly in these areas."
Such a strategy allows the investors to profit not just from the revitalization of a particular property, but from the revitalization of a particular area. Such dedication to a community can improve an area's economic outlook. Cadenhead said this type of investment is well suited to women because "a great advantage that women hold over men is compassion, and empathy."
Outlook
"[Women] are relationship people," Cadenhead said. "We're good at establishing a relationship, we're good at earning trust, and so people want to do business with us. It becomes a lot easier for us to develop a good reputation for delivering a quality product. This is a tremendous advantage [for] women, particularly when it comes to rehabbing property."
Jordan-Wells said she recommended that women who lack experience with do-it-yourself home projects attend classes, such as those offered by hardware and home improvement stores, to learn the basics. Then, if someday they are looking at investing in a property that may require some work, they can make the right decisions about the deal. Do-it-yourself skills could be particularly useful for women who want to rehab properties.
Negotiating can be another important skill for women to concentrate on learning. "[Women should] learn better negotiation skills," Cadenhead said. "Acquire that skill and take control."
Cadenhead said she doesn't think that women are at any inherent disadvantage when it comes to investing in real estate. "I think the major disadvantage is probably internal," she said. "Women only feel that they lack the power and authority. They feel like they can't do it because investing is a male-dominated field."
Moren-Bromma also said that women investing in real estate are not less likely to be successful solely because they are women. "It’s not that it's difficult, it's that women tend not to have the confidence," she said. "Somebody who's persistent and somebody who believes in themselves, whether male or female, will do just fine.".
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