"The love of one's country is a splendid thing. But why should love stop at the border?"Pablo Casals
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How to Calculate Real Estate Investment Profits
Copyright 2005 Peter Dobler If you are investing in real estate you will face a variety of challenges. First you have to find the right property. Finding the right property is a combination of personal preferences and opportunities involved in a real ...
Real Estate Timing - when to buy, sell, hold
When is the best time to buy real estate? When buying real estate for investment, smart money does not buy at, or near, the top of the market. Smart money buys real estate at, or near, the bottom of the market. Historically, real estate often runs in ...
Straw as real estate building material
In the famous kid's fairy tale 'The Three Little Pigs' one of the pigs built a house of straw that made him almost pay with his life. The pig was blamed in the tale for choosing the wrong building material. But his material was definitely the right one. ...
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1. They make sure that the insurance policy on the property is issued for an amount that represents at least the full value of the note still owed to them.
2. They also make sure that the note is recorded and they are listed as mortgagee, trustee, or the first contract holder on the policy. This guarantees that they will be entitled to any proceeds from any claim ahead of the borrower. 3. They make sure that they get a notice of cancellation if the borrower fails to keep a current policy on the property.
4. They make sure that real estate taxes are paid on time by the borrower, and if necessary the note holder will pay the taxes themselves.
5. They make it a habit to drive by the property on a regular basis or have someone drive by to make sure that their investment is still intact.
6. They keep all pertinent information on the buyer in a safe place in case of fire, flood, earthquake, hurricane, tornado or any other type of catastrophe.
7. They make sure that they have received an amortization schedule from their attorney or title company so that they can keep up with all payments that are made to them.
8. They notify the borrower well in advance (at least 3-6 months) before a balloon payment is due. This gives the borrower more than enough time to find favorable financing; this reduces the threat of default.
9. They don't allow the borrower to get comfortable making late payments. They install a late payment clause in the contract and enforce it.
10. They are serious about their money and initiate foreclosure proceedings at the first sign of trouble. They are not childish in this area. They obtain the services of an experienced foreclosure attorney to handle the problem instead of trying to save a few bucks and "do it yourself".
11. They realize that a note is a depreciating asset. They understand that each month and each year the value of their note becomes less and less due to inflation.
12. They understand the time value of money and are able to answer these questions:
. How much is my note really worth in today's market? . If I decide to sell today for all cash, how much would I get? . Can I sell a partial of my note? . How fast can I get the money? . Who will buy it? . What is my risk factor in the long run? . What if things don't work out as planned? . What is my exit strategy? . Should I continue to receive monthly payments for the duration of my note?
These are considered some of the best reasons why some people are successful note holders and some are not. There are more, but these will make the greatest impact on you if you can emulate them. If circumstances in your life indicate that now is the time to convert your note into cash, please give us a call and let us help you.
Also, if you need to only raise a specific amount of capital, we can structure a partial so that you receive exactly the amount you need without having to cash out your entire note.
About the author:
Richard Wills is an expert in private Real Estate Financing and cash flow settlements. He is a former Licensed Real Estate Professional and Bail Agent for the state of California, as well as a noted author, professional coach and consultant. He has helped 100s of real estate professionals, attorneys, financial planners, business owners, accountants and others, in converting paper assets into cash. To learn more visit http://www.a-znotebuyer.com
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Location still rules in Sonoma County real estateSanta Rosa Press DemocratIn 2011's bumpy real estate market, Rohnert Park and neighboring Cotati saw their biggest home sale numbers in five years. Single-family sales rose 21 percent last year, while condominium sales jumped 26 percent, according to the Press Democrat's ...and more » |
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This week's real estate transactionsCharleston Post CourierBuildtech Inc. sold 238 Shadowmoss Parkway, Middleborough Estates to Archie M. Mathis III and Melinda S. Mathis for $335500. DR Horton Inc. sold 252 Shadowmoss Parkway, Middleborough Estates to Justin P. Swain for $397720. Beazer Homes Corp. sold 3027 ...and more » |
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Real estate market betterStatesman JournalNE to a real estate investment trust. / Timothy J. Gonzalez / Statesman Journal Last year won't go down as an outstanding time for the commercial real estate industry, but several big deals managed to jell in the Salem area. And some in the real estate ... |
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