ARCHIVE 087: SPELL IT OUT

Comments:3

2583197 May 13, 2011 10:02 AM

What a lovely day for a 2583197! SCK was here

anonymous January 9, 2012 9:59 AM

You're driving down the street in your hometown when suddenly you see a goldmine sitting in front of you; it is a vacant house, with overgrown weeds and in need of some TLC. It's screaming "buy me cheap,Nike Dunk High," and the wheels start spinning in your head about the 10 to 50 thousand dollars you can make by rapidly acquiring this home, renovating, and then selling as a pretty house. You scramble to the courthouse, look up property owner, and SCORE!!! it's an out of town owner! Clearly they are desparate to sell. You track down the seller's phone number and with much anticipation, you make that all important call.. dollar signs dancing in your head. But wait, you are getting the dreaded message from the phone company, "We're sorry, but the number you have reached has been disconnected..." Bummer. Well, all we have to do is send this person a letter and it is pay day baby! So, out goes the letter knowing the phone will ring as soon as it is received.

After day 5 of waiting, you decide they must just be out of town and any day, you will get that call. After week 2, you are starting to wonder what is going on but still are hopeful. Finally, after week 4, you are starting to believe this is a lost cause. Oh well, another golden opportunity that just didn't quite materialize; there has got to be an easier way.

The above scenario, while hypothetical,41947, is a typical scenario faced by many investors that work on a local basis. Regardless if you are interested in wholesaling, flipping, renovating, lease optioning,www.newbalancepascher.net,41769, or the variety of other options available to you, there are two things that you must accomplish to be a successful local investor: steady supply of quality opportunities and a steady supply of buyers for your properties. As an investor that has participated in the purchase of millions of dollars of properties, locally as well as on a nationally,supra chaussure pas cher, let me be the first to tell you that BOTH local and national investing work great, IF DONE PROPERLY; however, the impact that each has on your time involvement is wildly different.

In this article, I will try to explain the pro's and con's of investing locally vs nationally. Even though I lead a group of national investors numbering of 20,000, I still invest in my backyard and find it profitable. In my opinion, an investor should not decide BETWEEN investing locally/nationally but rather understand the merits of both and use which ever suits them best at a particular time.

Local Investing: The mantra in real estate investing has always been "invest in what you know your own backyard". For the knowledgeable investor, this is good advice because then you KNOW when a good deal is actually in front of you. However, when we discuss the national investing approach, you will see that it is not the only way to know the market.

For example, suppose you get offered to purchase a home at a fire sale price of 130/Sq. Ft. According to the broker,41441,nike air force 1, this is a slam dunk. If you happen to KNOW that properties are going for 170/Sq. Ft in the area and the fix up costs are reasonable, then in a matter of minutes, you can make a decision to purchase the property. That local knowledge is critical to understanding when you have a good, low risk opportunity.

In addition to just local knowledge, there are a number of other issues that we must consider. Specifically, some of the pro's & con's of local investing that we see are:

Pros:
1. Knowledge of market If the investor does their homework.
2. Easy access to property Simply drive to the property to inspect.
3. Can control any fixups, rentals, etc. Much easier to deal with locally.
4. Can structure deals with little money or credit Yes, the no/low money down deals do work but just take a lot of work to create.

Cons
1. Heavy competition Almost all other investors are looking locally so you get the needle in a haystack problem;
2. Time Because you have to find the deals, it is hard to invest with limited time. Successful local investors set up advertising systems to bring properties to them.
3. No Clout Let's face it, as an individual investor, it is difficult to get great deals, discounts, etc. unless you have a LONG track record of performing in that market.
4. No Outside Analysis Other than possibly a local agent helping you, there is little market/growth analysis that is available to you unless you perform it yourself.

Again, this can be quite time consuming. Most local investors take one of two paths after gaining some experience: either they abandon it because it takes too much time, or they find it lucrative enough to turn it into a full time business. For the individual that has money and credit to invest but not much time, then most find the local approach to be frustrating.

National Investing: The best way to understand national investing is to look at Walmart's business model. What they do is find suppliers that can produce quality product at the most competitive price. Because they have such a large consumer base, it is lucrative for the supplier to provide quality product at much reduced margins relative to low volume stores. Also, by not being restricted geographically, they can find those suppliers where the economics makes sense for everybody. In the national real estate arena, it really works the same way. Consider our group that has over 20,000+ investors registered to our database. If you are a real estate developer interested in rapidly selling a portion of your project, then you would be very interested in talking with us because of our volume of buyers. Of course, you know that you are not going to get top dollar for your sales because our investors are not going to buy unless it is a good deal; this is how it becomes a win-win for both the developer (supplier) and the investor (consumer). One other factor comes into play: In many locations, including my local area, many types of real estate investments do not make sense because fundamentals like price, rents, and consumer demand are out of whack. For a national investor, it is absolutely irrelevant because there are always markets doing well. When a specific market, like maybe Florida or California gets out of line, it is simple to just look for investments elsewhere.

Of course, we must analyzy both sides of the national investing equation,41222, as well.

Pros:
1. Buying Power By being an individual investor within a large group, then you have the buying power of Walmart behind you even though you may only plan on buying 1 property.
2. Time The national groups do all the work for you at no cost. They are paid fees by the developers and because of volume,41668, it allows them to perform considerable efforts to find quality properties. You simply evaluate all the information that they have gathered.
3. Considerable Analysis Quality national groups will go to great lengths to understand and convey the local market information to you. They understand that you may not visit the area so they want you to be as informed as possible.
4. Little Competition Even though there is a HUGE number of investors in these groups, most everybody finds that there is plenty of opportunity to go around. Reason being is that most people want to only buy 1 property and quite frankly, most people do not act quickly enough. 5. Diversification You can buy properties in different areas of the country so if there is a down turn in one area, it may not impact your other properties.

Cons
1. Personal Knowledge Of Market You will not originally understand the market; however, the analysis delivered to your email will bring you up to speed quickly.
2. Access To Property Because time scales are typically short, if you want to visit a property,Nike Dunk High, you need flexibility to juggle schedules (airline tickets are cheap).
3. Rental Issues You typically don't want to manage a property from long distance, because of this, national groups will identify appropriate property managers in the area.
4. Typically Requires Good Credit The national groups can obtain good financing options for you, but most are going to want Beacon scores of 650 or higher.
5. Trust Requires a lot of confidence in the national group. Do your due diligence on the group.

In my experience there is no right or wrong answer to the question: is local investing better than national or vice versa? In fact, I still invest both ways to this day. Hopefully the discussion above has given you some insight into what might become effective for you as you continue to build your real estate portfolio.

Copyright (c) 2006 GetPreConstructionDeals.com

anonymous January 13, 2012 9:57 AM

So you planning a visit to Marbella with a view to buying property here in Costa del Sol But you would like to know a bit about the place before you visit well hopefully this guide to Marbella will help you.

Marbella in its present day format as a city and the consolidation of its appearance lies with the Moors who brought both urbanistic and architectural continuity to the city. Until that time, various races settled in Marbella- Visigoths, Vandals and Bizantines- and who, on leaving, left their cultures in the form archaeological remains. Important vestiges of Rome can also be found in the form of fortified settlement in the Old Town. In 711, the Moors, commanded by Al- Tarik, entered Spain through Tarifa, witch took its name from this Moorish leader. Due to its geographical proximity the Moors quickly settled In the Marbella area. One of its most important constructions being the Moorish castle or Alcazaba- a "al Kasbah", in Arabic-. In its beginning its purpose was of a purely military nature but later was remodelled and a perimeter wall was built around the medina - "the city". In arabic defining the boundaries of what today is known as the Old Town Centre and whose perimeter was formed by the steets Peral and Portada- "doorway"- to the North, Huerta Chica Street to the West,85854, from Fortaleza- "the fortress"- and Muro - "the wall-streets to the South and the Represa spring to the East. In 1485, the Moors handed over keys of the city (then called Marbiliya) to the Catholic Kings who gave Marbella the tittle of a "Noble and Loyal City". The period after this was one during which better and bigger fortifications, such as the castle, the coastal with towers and the city wall were built. The Church also prospered as an example of the new faith and constructed the Ermita de Santiago- the Hermitage of Saint James- El Convento de la Trinidad- The Trinity Convent-. The San Juan de Dios hospital,85484,nike Air force, and the church of Santo Cristo, to which the Bazan Hospital would be added later on. Marbella was well defended by a fortified wall which surrounded the city centre. To the North,Supra Chaussure, its castle with its fortress, to the South, East and West. Its towers. Marbella's motto is "A Way of Life" and, certainly, this luxurious resort town seems to have it all and is,84936, once again, rising to the fore as a favourite location with the rich and famous, as well as more ordinary folk who are willing to pay just a little bit extra for southern Spain's answer to St Tropez. Not too long ago, Marbella sharpened its image still more thanks to a considerable investment initiated by the town's colourful and controversial late mayor, Jesus Gil which resulted in a massive landscaping drive. But Marbella has a down to earth side as well, an air of individuality which can be best appreciated by exploring back streets in the old part of town. One of the prettiest places is the fabled 'Orange Square' which is located just off the main street in the older district and is also home to the 16th century town hall and tourist office where you can pick up a detailed map and visitor information. Back to Orange Square, or "La Plaza de los Naranjos",复件 84071, as it is called in Spanish, expect to meet with stately buildings, small shops,new balance 410, art galleries, bars and bistros and is a hub of activity day and night. And,www.nikedunkprix.com, depending on the time of year,Nike Dunk, the colours here can be vibrant, with the trees and exotic tropical plants set against a backdrop of dazzling white buildings and a deep blue sky. Be sure to explore the honeycomb of surrounding narrow streets where homes and shops intermingle to create the atmosphere of a small village, rather than a cosmopolitan town. There are numerous excellent restaurants to choose from, ranging from those specialising in the predictably pricey exclusive cordon bleu to the gritty individuality of a backstreet Spanish bar where the Serrano ham is gently cured by tobacco smoke and the tapas are both tasty and filling. From Guadalalmina to Cabopino, the Marbella coastline stretches along some 26 kilometres of sunny beaches bathed by the Mediterranean and where you can enjoy traditional fish and seafood favourites like sardines on a spit, fried fish and the incomparable paella. There are also two large parks in Marbella which provide some welcome shade to spend some time with a book. The amphitheatre at Constitution Park (once the garden of a private residence) is frequently used for concerts and plays in the summer. Casinos, clubs and just about every sporting activity under the sun, few places can match Marbella for world class tennis, sailing and golf. There are also three pleasure craft harbours here. However for the ultimate in coastal charisma it would be hard to beat Puerto Banus, just west of the town. This is the place to be pampered yachtside and watch the world go by or window shop at one of several of the world renowned fashion houses and boutiques. The port has grown considerably over the years and now includes a casino, commercial shopping centre,复件 84021, El Corte Ingles department store, marine observatory and a multi cinema with films shown in their original soundtrack. The nightlife is buzzing here with alfresco bars, piano clubs and discos which are open dusk until dawn.

I hope you enjoy your visit to Marbella