76. Ensure that the purchase of real estate that you are a property of a survey of licensed property surveyors and determine what is acceptable to the local government.
77. For environmental studies, to buy or sell.
78. Contact a local Real Estate Inspector. Ask them to open a space for structural, mechanical malfunctions and maintenance. Surprisingly, many people want to believe people are honest. Again and again we hear customers complain that the property was incorrect. The truth is known, often the seller does not realize that there are gaps, or whether he recognized that the defects that are smaller.
79. Again, we must insist that in the third, evaluation and control is always maintained.
80. Cash! Of course the deficit. This means that liquidity and cash reserves to cover the cost of debt servicing in the deficit.
81. There is nothing wrong with the sale or lease of property to the certificate of title. It is believed that the agreement for sale. We talked about this before, but we need to show in a different light. This is risky, but can be done. Have long-term leases with tenants, the terms of the contract for sale.
82. Prior to the lease, in writing to confirm that the prospective tenant liability. In particular related to the terms of the agreement with the tenant is also responsible for the tenant, the premises clean and free of all environmental problems.
83. Learn how to identify and recruit suitable and experienced real estate management company.
84. Always at the financial results with the conservative assumptions that the property may be sufficient cash to support themselves.
85. There are more traditional mortgage / loan, you can from your bank in real estate. You can use other types of loans and mortgages. Examples include the adoption, mortgages, balloon mortgages, loans, Cobija, bridge loans, discounted mortgages, commercial loans, loans, flexible mortgages, graduated payment mortgages, offset mortgages, mortgage loans, participating in reverse mortgage lending, mortgages - interest only mortgage wraparound labeling and other non related mortgage loans. These are just some of them!
86. When buying and selling real estate, always aware of the standards of funding for lenders. For example, if you try to buy the property for more money because the value exceeds the purchase price, remember that most lenders only give you a percentage of the purchase price or any less time.
87. To understand how your lender and how to use the money.
88. Learning to understand and pay the debt.
89. Education management and credit accounts.
90. During the construction, acquisition and / or sale of real estate, in most cases, greater sense of responsibility for the purchase of a legal person, not as their own property as an individual.
91. Most banks, finance 60-80% of commercial and industrial projects. This means that to find you have 20-40% of the accounts for the project. You can use the money, or with family, friends or outside investors, and thus a second mortgage as security.
92. Real Estate typical small loans of 10 to 25 years.
93. Keep eye on interest rates, and sometimes useful to break off and refinance loans. Take a look at the current interest rate on loans, and to compare it with the current interest rates and see whether it makes sense.
94. Net leasing becoming more and more, as it tenants paying additional rent for all or part of the cost of goods, which are usually borne by the owner.
95. There are four types of industrial and commercial net lease: single, double, triple and bonded labor. Triple-net lease is the most common, as a tenant at his own expense, and if there is an increase of utilities, insurance and taxes that the tenant does not pay the owner!
96. Typically, a well executed triple net lease "safe" instead of just investing cash flows. "
97. Always have a contingency plan. Sometimes when you buy a property produces an unexpected life. Do you have a plan of reorganization, if the first idea does not work or if the sale is necessary because the questions about life, make sure you know someone you trust so you can at a time warning.
98. If you opt for the new development of professional developers to create a project before it starts. Http: / / www.pro-land.ca/index.php/contactproland contact you and ask you a member of Business Development.
99. They organized - most competent lenders can give you a list of documents needed to obtain financing.
100. Get pre-approved - it saves time to know that they can afford to buy. "There is no point in wasting your time and your real estate broker, only three million dollars, if the building can only pay $ 300000.
101. Consider a low payment and long-term loans - this preserves your capital for better utilization, keeps your cash flow is high, and it allows you, you can use the "capital savings" into other income-generating enterprises.
102. Last but not least, only the concrete work with real estate expert - again, your time is valuable, so you only with professionals, for this type of real estate.
Well, if you go through that list all the ways we add! Success will only occur if we understand, address, and use of objects presented in this paper. Www.pro-land.ca hope that can inspire you and give you recommendations on how the housing market and become successful. Life is always worth a visit and live to take advantage of the opportunities that exist.
101 things everyone should know about Real Estate Investment (4)
Labels: Property Investment