We Found a Great Company That Saved Us a Lot of Time

I work so many hours every week. The thought of all the work that would need to be done to find a new place to live without any help did not seem very appealing. My wife is very busy with work and our children, so she was not looking forward to it either. She then saw a commercial on TV about a company that works as being a really good apartment finder for Nashville residents. We immediately knew that it would be something that we would be interested in. We both found ourselves hoping that the server would live up to our expectations and it did.

My wife is the one who called the company to ask them questions. The process seemed pretty simple up front.…

It Might Just Be a Permanent Apartment After All

My husband and I knew that we were going to make Tampa our home. We had moved around a lot prior to this, so it was really exciting to finally know that we were settling down once and for all. The only bad thing about it was that we had very little time, so we decided to look at luxury apartments in Tampa FL rather than live out of a hotel until we found a house that we wanted. We wanted to get our twin sons established in their new school as quickly as possible.

We figured that we would be able to stay in an apartment for a year and get used to the area. That way, we would know which area of town we wanted to live in. The boys both groaned at having to live in an apartment, but that only lasted until they saw where we were going to live.…

How to Develop into a Expert Property Builder – Element I

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In excess of the decades I’ experienced many of our builder learners talk to pertinent thoughts these types of as what measurement dwelling do I make what do I put in it where by do I make it? Searching back it’ simple for me to make these choices now, but when I to start with begun making in 1975 these have been demo and mistake scenarios. And my hindsight is crystal apparent. It’ extremely simple for me to appear back and see points I wished I experienced regarded when I to start with begun making. That’ what you’ likely to study in this post.

You’ study the professionals and cons of staying a speculative or spec builder (as opposed to a contract builder.) If you’ not acquainted with people phrases, a spec builder is a person who will choose a web-site, pick out a structure, make a dwelling and then sell it to a shopper. A contract builder is a builder that you use to make a dwelling for you. By the way, spec making is how I propose you start out fairly than making a dwelling for anyone else. I’ clarify why afterwards.

I’ start out by showing you how to be a person of the best spec builders in your place, even if you’ by no means before crafted a dwelling. I’ expand this information by talking about factors that are one of a kind to spec making. Subsequent I’ focus on factors that are one of a kind to contract making, and factors that pertain to equally spec and contract making.

A Phrase Of Warning

I want to pressure that when commencing your development organization, you ought to individual your organization from your private lifetime. In the early 70′ I was in real estate industrial product sales. I scarcely survived a important economic downturn. Practically all the things I owned was in my identify and most of it was repossessed. Had I regarded then what I know now, I’ have retained that significant dwelling, that Mercedes and that airplane.

In the development business there are many points that can materialize to you, some of which you have unquestionably no handle about. In accordance to the 2008 Yearly Report by the Countrywide Heart for Point out Courts, in 2007 Americans filed about ninety million lawsuits, far more than a 3rd of which have been civil situations. This does not consist of the volumes of lawful disputes that have been settled before a lawsuit was at any time filed. Dependent on the sheer range of lawful disputes that crop up, in and out of courtroom, a person could say that most Americans run the hazard of staying involved in a lawful dispute at some place in their life – for many individuals, far more than as soon as. This is in particular correct for people who do the job in professions with high lawsuit vulnerability these types of as medical practitioners, dentists and, yes, in particular builders! You should …

Ideas For Real Estate Agents – How to Dress For Success In Real Estate

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Is there these types of a issue as dressing for results any longer? Pretty much any organization or company made use of to have a dress code but Relaxed Fridays, authorized problems, and comfortable attitudes have minimized the enforcement or existence of dress codes.

The real estate marketplace is no exception to the shifting of dress codes and attire for results. Some brokerages made use of to have symbol-coloured jackets many others mandated satisfies for gentlemen and satisfies or attire for gals (gals’ trousers were not satisfactory). Now, these types of attire looks really outdated and almost comical.

Arguments that “qualified attire” conjures up self-assurance in purchasers still persist – and with some reason, in some real estate marketplaces. Locations where match-and-tie company attire is still suitable have a tendency to be desired in larger, cosmopolitan places and when performing with larger money / larger power purchasers.

What’ going on in your authentic estate sector?

Initially impressions – In some places, formal attire is suitable for a very first assembly while it may well be perceived as above-the-top rated or daunting in other places. A qualified impression specialist indicates that attire for each gentlemen and gals real estate agents need to mirror the preferences of their purchasers.

Clues for suitable attire

This is a variation on “Place, site, site.” What clues does your shopper / brokerage site propose? If your brokerage company does not have precise direction or limitations on attire, look at what your purchasers, peers, and your opponents in your location wear as attainable rules for your personal dress-for-results strategy.

Dressing for results with the get the job done is messy

There will be instances when an agent will have to stroll, climb, or crawl around filthy attributes. Property inspections are section of the company and you need to dress carefully, safely, and appropriately for these situation.

And there will also be instances when the really grubby agent will be called to meet up with with a shopper, ASAP. It may well not be attainable to transform or refresh you before the assembly but a quick rationalization and apology can go a lengthy way towards easing an awkward minute. Customers can be incredibly comprehending.

Gone also much …

Some attire conveys also substantially of an, “I’ alternatively be on holiday vacation,” mind-set. With couple of exceptions, T-shirts, flip-flops, and shorts are still seen with disfavor among the several enterprises, together with real estate. Substantial temperatures can certainly affect preference of attire at instances but particularly relaxed dresses and footwear can be also substantially (or small) for even the most comfortable office environment and shopper atmosphere.

Customers also react less favorably with agents whose design of hair, dresses and extras is also outdated and unkempt. Excessively flashy, provocative, or inadequate fitting dresses are inappropriate at any time.

The very best dressed you

Great grooming is companion to becoming very well dressed. You may well have been dashing about but get a minute to comb your hair, straighten your dresses, …

How to Become a Famous Real Estate Agent

So, you have taken the classes and you have now become a real estate agent. Or, you already are a real estate agent. Now that you are, or already are, a real estate agent, how do you become a famous real estate agent?

Before getting into the specifics of becoming famous, you need to sit back, kick up your feet and decide on your niche. Your niche will be the springboard from which you launch your campaign to become famous. Is the luxury market your thing, or maybe being a buyer’s agent is more your cup-of-tea. You need to decide where your strengths lie and then you’ll be able to better focus your energy and hone your expertise.

Once you have defined your niche, you are ready to proceed with THE thing that will make you famous in your niche.

It has been said of late that 80 percent of house hunting begins on the Internet. If you are to become a famous real estate agent, you must become Internet savvy. Most major brokers nowadays provide a website for their agents. It would be a good idea if you sought out training to make your website stand out from the rest.

In addition, obtain an inexpensive web domain from one of the online providers like GoDaddy. You can name it some creative name that will make people find you and help them remember it when they need to get in contact with you.

Branding is the key to standing out from the rest. You must have a brand that makes people remember you. You’ll want to link your branded domain name to your website with your broker to direct people to your listings and information. Also, find ways to use your brand to make it something that sticks in people heads. Association is a common method human beings use to retain memory. Associate your expertise or name with something related to real estate that people will remember. You want your brand to stand out from the rest.

Along with providing a web address for each agent, some brokers even provide training for their agents to learn how to set up their websites to make them individual and stand out. You’ll want to either attend training or hire someone to develop your website for you.

Either way, you’ll want to get your website up and running with splashy graphics and links that lead people to useful information. Make sure you insert a quality picture of yourself. Sales have been lost due to an amateur picture.

YouTube is a website where you can post videos you’ve created of useful real estate information. Along with posting it on your blog, some information you might want to consider teaching about on video is the rebate first-time homeowners can receive due to the approval of the federal stimulus package. Information like that is considered very valuable and would be visited many times over if you provided a professional presentation of it.

You’ll need a blog …

The Buying and Selling Costs of Real Estate Transactions in Kenya

As would be expected, there are several transactions involved in buying and selling property, which attract fees and taxes. In Kenya, you incur charges from the moment you begin searching for feasible investment ventures.

While some costs are set, such as registration and requisite search fees, many costs associated with buying and selling real estate in Kenya are highly variable and based on:

  • The type of real estate
  • Location of the property
  • Commissions and fees charged and earned by the various professionals (which are also often based on type and location of the property)
  • The type of transactions
  • Documents you want or need

The estimated sum for round trip transactions can range from 4.5% to 6.8% of the selling/buying price of the real estate.

Real-estate Agent Fees

  • Searching fees: rates vary depending on the type, size and cost of property with an urban apartment in upmarket neighborhood costing as much as Ksh5,000
  • Viewing fees: varies among real estate agents but usually ranges between Ksh500- 1000 for residential houses and over Kshs5,000 for commercial properties
  • Listing Fees: varies depending on size and location of property with landlords paying from 2% the value of the property
  • Agent’s commission (buyer & seller): 1.25% of the sale price

Property Requisite Search Fees

  • Preliminary requisite search fee: Ksh500
  • Costs of obtaining requisite completion documents (seller): Kshs500

Registration Costs

  • Registration fees: Ksh500
  • Banker’s cheque fee: Kshs600
  • Land rent clearance certificate: Kshs 7,500

Stamp Duties

Stamp duties are taxes tied to documents and real-estate sale/purchase transactions. It’s usually based on the sale price of the property.

  • Duly signed sales agreement: Ksh200 for original copy and Kshs20 for each copy
  • Property transfer (properties within municipalities): 4% flat rate
  • Property transfer (outside municipalities): 2% flat rate
  • Mortgage: 0.1% of the amount of mortgage
  • Property leased for less than 3 years: 1% flat rate
  • Property leased over a duration of 3yrs: 2% flat rate stamp duty

Taxes

  • Income tax (non-residents): 30% of gross rental income
  • Income tax (foreign companies): 37.50% flat rate
  • Annual property tax: varies across locations and property value but is usually 1% of the property value
  • Land tax: varies by location of the land and is most costly in major towns such as Nairobi with rates as high as 8%

Legal and Mortgage Fees

  • Legal charges related with taking mortgage
    • Depends on amount of mortgage you take (higher mortgages mean higher fees) but mostly the rates are between 0.5-1.5% of the value of property
  • Property insurance: varies with duration of loan repayment and lender
  • Mortgage life policy: charged at 0.3% and 0.6% of the mortgage loan per year
  • Mortgage negotiation fees: although it varies, most lenders ask for 1% of the mortgage amount
  • Mortgage indemnity insurance: often ranges between 5 – 10% of the value of property
  • Legal fees related with lawyer overseeing sale process: 1.5%

Other Important Costs

  • Survey fees: Ksh 5, 000 consultation fee.
    • Survey fees are determined by the survey work done
  • Valuation charges: usually Kshs5,000 consultation fee
    • However, the actual valuation fee depends

How To Plan A Surgery In A Limited Budget

Now-a-days health care has become expensive. The most expensive surgeries are cosmetic, plastic, heart, weight loss procedures and major diseases. As these procedures are done with high technology and expensive equipment’s the cost burden is on common man’s shoulders.  The below are the things to be followed before the process of surgery:

  • Consulting a doctor: Firstly the problem should be identified by the doctor whether it is curable or not. Also should take a second opinion from other doctor. Make a rough idea of the expenditure and then decide.
  • Based on the Problem: When it is a dreadful disease or any complicated case the treatments are costly as the complicated cases are undertaken by high experience officials. Separate x-rays, tests are done for detecting the reason of the problem.
  • Physician fees: For the surgery a certain amount is taken by the surgeon for operation. At times several surgeons may deal a case; it might be a critical or complicated one. So each person would be expecting a work bill for their service.
  • Operation theatre: The instruments and surgical equipment’s used in OT are charged. The medical machinery, sterilization used for anaesthesia and many more medical liquids. There are additional staffs like nurses in the OT helping the surgeons. Even they are charged for their service.
  • Any implants: in case of transplants or implant surgeries, there will be fee charged for artificial implant. Mainly the kidney transplant, lung transplant are costly services. Because these are the items which are to be sterilized and requires research. So this may be a burden for the patient.
  • Medications: After the surgery the patient must and should follow a course of medications. If any costly medicines are suggested then by hook or crook he should buy and consume them.
  • Hospitality: There is a nominal fee charged for the hospital room, service and nursing care. If intensive care is needed then that would raise the expenditure.

Tips to overcome them:

  • Perfect plan for the surgery
  • Doctors’ advice
  • Research
  • Ask for discount
  • Onetime payment
  • Health loans
  • Payday loans

The above are the main tips to overcome financial budget of a surgery. Planning is important where both patient and surgeon should be ready for operation. Seek various doctors’ advice and then proceed. Make a perfect research on the surgery, and the procedures involved. Approximately plan the fee of the operation. Ask the doctor to negotiate the price or ask for a discount. If they provide any discount go for down payment. Consider health secure loans which may be useful for future use. Any shortage of money such as doctor’s fee or other services, payday loans avail instant cash. By these tips a common man can plan a perfect budget for the surgery and are to be remembered before undergoing the surgery…

Top Ten List of Bad Mortgage Lenders

When a person is in bad credit, it depicts to the world that he is not worthy of credit. If he tries to take a personal loan, banks and financial institutions will shut their doors on him. Only sub prime bad credit lenders will give him money but they will charge exorbitant rates of interest. However, he can avoid all these problems if he goes in for a mortgage loan. In this type of loan, the borrower has to give same asset as a security for the loan. If he defaults on the loan, the lender can sell the asset and use that money to realize the loan.

Mortgage lenders charge very reasonable rates of interest as their own risk is very less. Bad mortgage lenders may charge a small premium fee as compared the ordinary mortgage lenders as it is considered a huge risk to lend money to a person in bad credit. Forbes and various other agencies conduct surveys and compile a top ten list of bad mortgage lenders. Based on these data, let us analyze the names that are on the list.

Citigroup: The largest financial services company not only in America but in the entire world-this honor goes to Citigroup, whose assets exceed $1trillion. It has more than 200 million customers in more than 100 countries. It is largest issuer of credit cards in the entire world. It survived the great Depression, innovated itself in the mid-20th century and feel into a series of scandals in the early 2000s. Still, it holds its ground because of its unparalleled service and total solutions. Its major competitors are J. P. Morgan chase & co., Bank of America Corporation and Merrill Lynch & co. Citigroup has a still longer way to go. It has set its aspiration for a 75% increase in dividends. Only time will tell if this dream is to become a reality.

Citigroup tops the Forbes list as the best mortgage company for bad credit. One main reason for this is the unparalleled customer service that this company provides. This corporate giant has a large network of support to ease the application and use of mortgage loans for its borrowers. It has a great reputation that it preserves untarnished. It operates in moose than 54 countries apart from America. In 2006 alone, it had revenue of $108 billion and current assets of $1.3 trillion.

Bank of America: Next in line appears the Bank of America. It ranks second in the Forbes list. This is America’s leading bank. It is a leader in offering mortgage services and small loans to its customers. It is not only the third largest American bank but is also a guru in credit card dealing. The best part in availing a mortgage here is

i) There is no application fee and closing fees here

ii) There is no need for private mortgage insurance

iii) it has close on-time guarantee and the best value guarantee

iv) Bank of America have 24/7 support to …

What Does REO Mean When Buying Real Estate For Sale?

As a property investor, I am often asked what does REO mean when buying real estate for sale? An acronym for ‘real estate owned’, REO refers to foreclosure property repossessed by mortgage lenders. When foreclosure real estate does not sell through public auction it returned to the lender, who in turn lists the property for sale through an assigned realtor.

A second question buyers ask is what does REO mean in terms of buying houses at discounted prices? Most bank owned homes are sold slightly below market value. Since properties are sold in “as-is” condition, banks consider home repair costs and adjust prices accordingly.

Although REO homes are typically more expensive than houses sold through public auctions, overall they are actually cheaper. Most foreclosure properties require multiple repairs because foreclosed homeowners are financially incapable of properly maintaining the home.

Many properties sold through auctions have liens and judgments attached. In some cases, foreclosed homeowners continue residing in the home until evicted through the court system. All of these issues are resolved once the bank takes possession of the home. Buyers are able to purchase REO homes with a clean title and quickly take possession.

Real estate owned properties are sold through each bank’s loss mitigation division or designated realtor. Since banks have incurred foreclosure legal costs and fees associated with lien, judgment or tenant removal, there is little room for negotiating the asking price.

Bank owned homes can be a great option for first time home buyers, real estate investors, or individuals looking for an affordable vacation home. REO houses are perfect for use as rental houses or lease-to-own properties. Since bank owned foreclosures are priced below market value, investors can reap profits by rehabbing and flipping the house or offering seller carry back financing.

Buying bank REO properties can save investors and home buyers time and money. There is no need to spend time attempting to remove creditor and tax liens or commence with eviction action when tenants refuse to vacate foreclosure properties.

Time-consuming details are taken care of by the bank; allowing buyers to purchase the property at a discounted rate and quickly take possession of the property. Closing on a foreclosure home can take several months, while REO purchases can be expedited in a matter of weeks.

Many resources are available for locating real estate owned properties. Countrywide, Remax, Prudential and Bank of America publish bank owned foreclosure homes for sale directly on their company websites.

Many mortgage lender and realtor websites include additional resources to help borrowers further reduce the cost of buying houses through first time house buyer programs and government grants.

These are just a few options available for buying REO homes at reduced prices. The Internet offers an abundance of information to help home buyers and investors locate distressed properties. Local realtors often offer foreclosure seminars to help buyers understand the process of buying foreclosure homes through auction or bank loss mitigators.

Take time to conduct research, attend seminars or talk with real …

We Buy Houses Signs – The Good, The Bad, and The Big Yellow Ugly

Yes they’re ugly, but… I know they’re ugly, that’s sort of the point, these signs, are not invisible, and help to catch the attention of the locals. We live in a world of perfect typography, so when ugly painted text shows up, we tend to read it. It’s advertising, the sad part is, like all other forms of advertising, people do get used to these as well, and they become almost invisible. So, I personally use these on an on and off basis.

We Buy Houses, the truth is…

Most real estate investors are known as transactional engineers with many different tools in their tool bag. I personally find that more often then not, a cash offer simply won’t help the sellers situation, this is where we as investors dig in, and get creative! Truth of the matter is, sometimes selling the house in a traditional way will cost you money. We work to find a solution to at the very least, make sure that you don’t come out of pocket when selling. If you find yourself in a position where you or your loved ones need to sell your house fast, know that you have options, and that big, ugly, yellow sign was meant for you!

Most people, don’t want the ugly sign, but…

While 95% of the people will drive by and think nothing of it. There are a few folks that come across these beacons of hope, and feel relief. Mr. Rich Dad, Poor Dad, said it best “Your home is not an asset,” not only is this a fundamental truth, but sometimes your house can actually be hurting your finances. Letting the home go in to foreclosure is what most people end up having to do, not knowing they had options! So, while you might be thinking you are helping your community by “cleaning up” and taking down the ugly yellow sign. You might actually be hurting someone in a life changing way, foreclosure is not pretty!

Ugly for beauty, you decide…

These signs are typically placed in high traffic, high cash transaction areas, and not in residential communities. Yes they make your telephone poll look ugly, but lets take a closer look at the good they do for your neighborhood. You know that vacant home growing tall grass, almost as fast as the haunted house stories it’s originating? That’s what we as investors are looking for! We find these ugly homes, and completely renovate them! Investors make them beautiful again adding value to your neighborhood! Let the telephone poll look ugly, your house is now worth more because of it!

Don’t take the ugly yellow signs down, they help people, and well… they cost a lot of money. For those of you that have seen these signs and ultimately brought you here, I hope I was able to provide some insight!

Housing by Increments: A Great Pay-As-You-Go Solution

Buying an existing home or building a new one is an expensive proposition, but if you’re willing to take an unconventional approach, you can build your own home by increments and spread the cost out over a period of years, possibly saving yourself a mortgage.

The first step is finding and purchasing a piece of property. You need to have the property inspected and judged acceptable for sewage or a septic system and availability to water and other utilities, and to make sure the land is zoned for residential use. Make sure you get all the building permits and other documentation you need, and then plan your home.

You might want to look at plans for homes, for sale in bookstores and through a number of magazines, or you might want to design your own home. Think of ways you can build your home in stages, making sure that the home is habitable at an early stage of building. One young couple decided to build a conventional stick-built home, but finished off the basement area first and capped it, then lived in the cellar while building the rest of the house.

There are companies in existence that offer modular homes built largely in a factory and then assembled on-site [http://www.shelter-kit.com/lofthouse.html]. Some of these are created in segments which can either stand alone or be pieced together either all at once or over a period of time. The manufacturers will be able to give you valuable advice on how best to proceed.

Make sure that the most necessary parts of your home are built first. If necessary, you can live essentially in one room that serves as kitchen, living room and bedroom-renters of efficiency apartments do it all the time-but unless you want to live really roughly and use an outhouse (not a pleasant thought!) one of your first priorities should be to build a fully functional bathroom.

Also make sure that, even though you plan to add on to your home in increments, you plan the entire structure of the home up front. You may decide that you will add on a laundry room in two years, for instance; you will want to have the plans for that laundry room now, so that expensive plumbing and electrical work will be done in the most efficient manner possible. This generally means clustering rooms that need a water supply close together to minimize the material needed.

Building your home over a period of years by using your own money or by accessing short-term unsecured personal loans, or a combination of the two, will allow you to own your home outright immediately and save you many thousands of dollars over your lifetime. If you’re willing to be patient and live unconventionally for a while, it’s a great option.…

Laws Related to NRIs

Reserve Bank of India (RBI) rules are subject to Transactions between a person resident in India and one outside India or transactions between two persons in India but in a foreign currency. Foreign Exchange Regulations Act governs the early rules which were modified subsequently in 1973 and then again in 1993. Foreign Exchange Management Act 1999 which is effective from June 1, 2000 replaces these.

A person residing in India means a person resident of India during the course of the preceding financial year (April-March) for more than one hundred and eighty-two days and who has come to or stays in India either for taking up on business or vacation in India or for any other purpose, that would indicate his intention to stay in India for an uncertain employment, period.

If there is any doubt on if a person is a non – residential Indian. Then that person has to prove his address as prescribed by Law e.g. Status certificate is not given by RBI. Generally this status is clearly applicable to most of us. But in may be scope for interpretation for case of businessmen or dependents of non-residents who travel regularly, students studying abroad, Indians who have acquired foreign citizen but have come to India for work on deputation etc.

Purchasing

Without any restriction NRIs can purchase land of any type. E.g. Commercial. Etc. In other words, there is no ceiling on the number of such properties, he can buy, the size or value of such property etc.

No document of such type shall be sent to RBI or any bank before or after such a purchase.

PIOs

There is a valid legal definition for this term PIO. In simple words, however, a PIO is a person who himself had an Indian passport or his father or grandfather have Indian citizenship hence his children and grand children if later migrate and get local citizenship. However, to avoid complications arising out of citizenship before partition and other related issues, the local citizenship acquired should not be of China, Iran, Nepal, Bhutan Pakistan, Bangladesh, Sri Lanka or Afghanistan.

Restrictions

On the other hand, any Indian citizen cannot buy any property with a non – residential Indian (e.g. Mr Obama) cannot acquire any immovable property in India by way of purchase. Moreover property cannot be purchased jointly in the name of one eligible person with one non-eligible person even as a second name.

However, a foreign national resident in India does not require approval of RBI to purchase any immovable property in India. This is because once he is a resident in India, he gets the rights like any other resident.

Foreign nationals of non-Indian origin and also citizens of certain countries specified above can acquire residential accommodation on lease not exceeding five years.

Property gift

The above explained permissions relating to purchase apply to acquisition by means of gift also. That means NRIs & PIOs can acquire commercial/residential property as gift but not agricultural land/plantation property/farmhouse in India. Foreign …

Why a Good Bartender Has the Skills to Be a Good Real Estate Agent

Some people do begin their real estate careers right after high school or college, but most come to real estate after doing something else. Some have retired, and other are just looking for a change of pace.

When writing agent bios I always look at those past careers to see how they can tie in to real estate sales. Often past experiences can reinforce the skills that the agent wants to emphasize.

Some past careers make for a tougher transition than others. For instance, school teachers have to teach themselves listening skills after years of being the one doing the talking. On the other hand, a good school teacher has the skills to educate buyers and sellers about the reality of today’s market.

That’s one skill that a bartender might not have, but I think good bartenders possess the majority of skills needed for a successful career in real estate.

My definition of a good bartender is one who has a following – a person who is a “draw” for the establishment where they work. They can mix a good drink, but it’s their people skills that turn occasional customers into “regulars.”

So what skills do bartenders possess that would make them be good real estate agents?

A good bartender knows how to listen. Just think of the time they spend listening to their customers. And while they may not have to listen wholeheartedly to everyone, they need to pay close attention to their regulars. Just as good real estate agents need to pay close attention to their buyers and sellers.

And then they’d better have a good memory. Not only does he (or she, of course!) need to remember what each person at the bar wants when they hold up a finger for another drink, he needs to remember what to set down in front of a regular when they walk in. And then, he needs to remember what that person does for a living, the names of their children, etc. Agents need to remember the personal information along with their clients’ wants and needs.

A good bartender respects what the customer wants – he doesn’t try to suggest that something else might do. As an agent, he probably won’t show someone a home on a busy street if they’ve specified wanting to live on a quiet cul-de-sac.

A good bartender can talk to people from all walks of life and treat them equally. He must be non-judgmental and friendly, in all but the most extreme cases. And when faced with those extreme cases he has to think and act quickly without getting flustered. Good practice for dealing with the surprises buyers and sellers sometimes spring on an agent.

A good bartender knows how to keep confidential information. Good bartenders can’t be gossips. Can you imagine how fast they’d lose their following if they started mentioning that Mr. Smith came in for a drink with Miss Jones, or if they mentioned that a salesperson from X company …

Buy and Hold Real Estate – The Best Strategy During Tough Economic Times

Buy and hold real estate is a strategy most successful investors use during tough economic times. If you were to compare buy and hold investing with say a flipping strategy, you’d need a longer time frame to realize your goals, but its well worth the wait. This strategy will make you a lot of money if you plan and work the deal appropriately.

First, let’s describe how you execute this strategy. The idea is to buy a property at below market value, and profit from the appreciation of the property as the value rises over the years. In most cases, it takes a few years to realize considerable gains. Contrasting that with a flip strategy, you would purchase a property with the immediate intent to fix it up and sell it for a higher amount. The caveat is you may not be able to sell the property for the amount you’d like, so you may end up buying and holding it anyway.

Now that we know what the strategy entails, let’s discuss the reason it works well during distressed economies. When the housing market is in turmoil, property values become very low. Prices are generally well off their all time highs. This means the real estate investor can buy and hold real estate over a number of years and realize a profit. Simply put, there’s room for the value of the property to grow. If you made the mistake of buying the property at its’ highest value, you’d have to ride it down and wait for it to return to previous highs, or take a loss. Your investing time horizon and threshold for losses will help you make your decision.

Another benefit gained from this strategy is you can receive monthly rental income while the home is rising in value. To some investors, this more than offsets the time required to realize a profit through appreciation. Hopefully this article makes your choice of strategy clear for investing during tough times. Every strategy has its’ time in the sun. You should look to buy and hold real estate when property values are depressed.…