The Best Place to Build your Real Estate and Property Business

The Best Place to Build your Real Estate and Property Business

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MORE THAN JUST MAILERS

Whether you’ve been in the real estate game for a while or if you’re just getting started, you’ve probably heard that direct mail is a great way to stimulate the deals you need to make your business grow. That being said, you’ve probably heard just as frequently that despite the effectiveness of direct mail, you still need to be trying to find deals in other ways to really make your business thrive. Below we have a few great options to help you find deals outside of your direct mail marketing campaign, so that even in months where your mailers don’t produce like you wish they would, you can still be making money and moving forward.

Craig’s List

If you’ve read my book or stumbled across any of my other REI articles online, you probably already know that I’m a huge fan of Craig’s List. It’s a great free marketplace and can help you stimulate your business in many ways, and finding deals is certainly no different. When your mailers aren’t producing like you wish they would, Craig’s list is a great place to go hunting for deals. Just go to the “Real Estate for Sale” section, select “For Sale by Owner”, and start hunting! This is also a great place to post ads fishing for fixer uppers. Either way, Craig’s list is a great FREE tool to use early and often in your real estate career.

Door Knocking

If you’re really motivated to find a deal ASAP, there really isn’t a faster way to experience results than door knocking. While this is certainly the most intimidating technique of trying to find your next property, it’s also the technique that is guaranteed to produce the quickest. Simply go to an area where you know a number of your cash buyers are looking, pick a street, and start walking! If the home owner isn’t interested, just thank them for their time and keep going. But when you finally find the one who is, you’ll be in business!

Bandit Signs

Bandit signs are also a great way to stimulate some new deals in many different markets! Just put out some signs in and around the neighborhoods the largest majority of your buyers are looking to purchase in, and wait for the calls to start coming in. Just make sure to put them in highly visible areas at the intersection of major roads. You may have to put more than one at each intersection so they’re visible from all angles, and remember to use a marker that is bold enough that it can be seen and read from a passing car!

Newspaper

Though in many businesses the newspaper is considered more of a relic than anything else, it can still be a great way to find a good deal in real estate investment. Most of the sellers you work with will be of a higher age, so using a medium that appeals to those of a previous generation is actually a solid tactic to take. It only cost about $1 to buy a newspaper on Sundays, so try to get into the habit of buying one each weekend and looking in the Real Estate for Sale section for your next deal!

Are these all the ways you can find deals outside of direct mailing? Of course not! However, they’re definitely enough to get you pointed in the right direction as you try to find some additional deals to get your business really moving. If you’d like some more suggestions as to how you can stimulate the opportunities you need to take your business from A to E, check out my book The Get Rich Scheme: The Secrets to Making Fast Real Estate Cash in Any Economy at Amazon for FREE the week after Black Friday and Cyber Monday (11-26/18-11/30/18) on Amazon!

https://www.amazon.com/gp/product/B07DY47FJQ

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Purchasing Property In Singapore

Singapore is the most suitable place for those who want to get the best of both worlds; East and West. This may be the reason why Singapore is a preferred destination for Chinese and other Asians, who want their children to get the best education, yet remain rooted and close to their culture. In fact, there are reports showing that Singapore has become the third most popular destination for wealthy Chinese. Here are some explanations to consider when buying property in the country.

• Foreigners in Singapore can buy non landed properties without prior approval of the government. This rule is a result of an enactment in 2005 that barred foreigners from buying property in apartment blocks that are lower than six storeys or come under the category of condominiums. However they still need to seek permission from the Singapore Land Authority to buy landed properties like bungalows, semi-detached houses, and vacant plots.

• They are also restricted from buying an HDB shophouse, an HDB house directly from the HDB, a resale HDB flat that is approved by the HDB, and a condominium that is purchased under the Executive Condominium Housing Scheme of 1996. This scheme was introduced for people who wished to buy something better than an HDB flat, but couldn’t afford to buy private property. For the uninitiated, HDB is an acronym for Housing and Development Board- Singapore, the public housing authority of Singapore. This was set up by the government of Singapore, with an aim to help Singaporeans buy quality home at affordable prices.

• Permanent Residents or PR’s are prepared to form HDB flats directly from the HDB, provided they form a family nucleus with a Singapore citizen. Pr’s can also buy an HDB flat from the resale market; provide them enlist at least one occupier as a Singaporean citizen or PR. And to protect people from flipping their property, owners looking to sell apartments that are less than 3 years old, would have to pay a duty of 3 per cent of the resale value. Thus property owners who buy property through easy credit and then sell them quickly for a profit are discouraged from doing so.

• As for properties under the Executive Condominium Scheme, PR’s are for the temporary occupation Permit or TOP. As for foreigners and corporate bodies; they can buy EC property only after the eleventh year of the TOP.

 

Online Money Transfer for International Transaction

Maybe you will be disturbed if a sudden client or home seller asks you to transfer to their account abroad. Going to a local bank may eliminate time with your family, So doing an online transfer is the most effective way of having to transfer large amounts of money overseas. Do it through international money transfer payments  is the best way at the moment. You will save time and effort.

Here are some advantages of online money transfers abroad:

Save the time – Calculate how long you need to perform transaction procedures at the Bank: Visits to your bank or ATM, Search for parking space, pay for parking, waiting in queue, Withdrawing money, driving to the exchange house or financial institution, waiting in line, Fill out the Form and Pay Cash, and Drive back to your home or office.

If you choose to send money online abroad, you save the entire activity cycle listed above. You will be able to take more time and avoid leaving more important time at home or at work.

Secure – There is no safe place if you bring a lot of money, bringing a lump of money to the office of the money transfer service agency is playing is inviting crime. Send your money in cash abroad online without the movement of money is physically guaranteed your money is safe. The most important thing is not to invite people to commit robbery.

Save and simple – You will be spared the travel and parking fees, bank or other money transfer agent. You will also get transparency and usually offer the best fees and rates from an online money transfer company. Often, online money transfer portals display a money transfer fee. This gives you the ability to know your deal before you make your remittance transactions.

Recorded transactions – Online remittance portals usually provide transaction history for registered members, so you can relax with the thought that you can withdraw transaction records anytime and anywhere. It can also be used as proof if you lose your money. All transactions are recorded in the company’s database securely and confidentially.

Best service – When you send money online, you will definitely get a consistent level of service from your computer screen. The best quality of service for 24 hours is the added value of any business, let alone international money transfer service like Links international money transfer payments from the US.

For more in-depth information about international remittance please use internet. You will get accurate and reliable information about foreign currency exchange.

 

Why Do You Need Mortgage Insurance?

When you buy something you want to make sure that if something bad happens, you will be financially protected. When you buy a car you need car insurance and offhand when you buy a mortgage you need mortgage insurance.

There are two types of mortgage insurance available that protect the creditor and the bank that protects you. If you have less than twenty percent down payment, the insurance provider will replace the creditor if you fail to pay the mortgage. This is a law that is set at the federal level and applies to all mortgages. You enjoy the benefits of this facility at the cost of a mortgage insurance premium that you can pay at once if you enter a mortgage or mixed into monthly installments for your mortgage.

The second type of mortgage insurance is to cover you if you cannot pay your mortgage due to death or health problems. If you must die and have insurance, your balance is fully charged. This is one of the most popular types of insurance and your mortgage broker can tell you about the right channel to get it. Another type of insurance that gets steam is one that will help offset your monthly payments if you become disabled due to illness or loss of your job without your own negligence.

This type of mortgage insurance is available through your insurance broker and mortgage broker. All lenders should allow you to use insurance and you must sign a disclaimer that you actually know of your choice to have this type of protection. The most common type of mortgage insurance is offered through a broker and is called the “MPP” Mortgage Protector Plan. You will pay a monthly premium for this facility but if you need a profit, you will be happy if you sign up for them when you do.

While searching for insurance stores around because the premium you pay will vary greatly on your current medical condition and any lifestyle choices that can put you at greater risk like smoking, heart disease. Make sure you fully understand what insurance needs and you are fully aware of what conditions it covers. There is no mortgage insurance covering all the diseases so you need to investigate to know the protection you actually bought.

For some people who feel that they do not need to buy mortgage insurance, your mortgage broker will be able to give you some advice on how to avoid mortgage insurance when buying a property..

 

Commercial Real Estate for The Future

Despite the fact that many of the world’s leading economies are in real estate developers. The loss of tax-shelter markets drained a significant amount of capital from real estate and, in the short run, had a devastating effect on segments of the industry. However, most experts agree that many of the real estate development and real estate finance businesses are unprepared and ill-suited as investors. In the long run, a return to real estate development that is grounded in the basics of economics, real demand, and real profits will benefit the industry.

A final review of the factors that led to the problems of the 2000s is essential to understanding the opportunities that will arise in the 2000s. Real estate cycles are fundamental forces in the industry. The oversupply that exists in most product types tends to constrain development of new products, but it creates opportunities for the commercial banker.

The 2000s saw a booming cycle in real estate. The natural flow of real estate cycles where demand exceeds supply was applicable during the 1980s and early 2000s. At that time the vacancy rate of offices in most major markets is below 5 percent. Faced with the real demand for office space and other types of income properties, the development community simultaneously suffered an explosion of available capital. During the early years of the Reagan administration, the deregulation of financial institutions increased the availability of the supply of funds, and their savings increased their funds to already-developed creditor cadres. At the same time, the Economic Recovery and Tax Act of 1981 (ERTA) gave investors an increase in “removal” taxes through accelerated depreciation, reducing the capital gains tax to 20 percent, and allowing other income to be borne by “real estate” losses. , more equity and debt funds are available for real estate investment than ever before. No new tax legislation that will affect real estate investment is predicted, and, for the most part, foreign investors have their own problems or opportunities outside of the United States. Therefore excessive equity capital is not expected to fuel recovery real estate excessively.

Looking back at the real estate cycle wave, it seems safe to suggest that the supply of new development will not occur in the 2000s unless warranted by real demand. Already in some markets the demand for apartments has exceeded supply and new construction has begun at a reasonable pace.

Opportunities for existing real estate that has been written to current value de-capitalized to produce current acceptable return will benefit from increased demand and restricted new supply. New development that is warranted by measurable, existing product demand can be financed with a reasonable equity contribution by the borrower. The lack of ruinous competition from lenders too eager to make real estate loans will allow reasonable loan structuring. Financing the purchase of de-capitalized existing real estate for new owners can be an excellent source of real estate loans for commercial banks.

Because real estate is stabilized by the balance of demand and supply, the pace and strength of recovery will be determined by economic factors and its effects on demand in the 2000s. Banks with the capacity and willingness to take on new real estate loans must experience some of the safest and most productive loans made in the last quarter century. Given the lessons from the past and back to the basics of good real estate and a good real estate loan will be the key for real estate banking in the future.

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