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Check Out This Great Article By Dave Wedemire

11 Dec

Using your money to invest in real estate is a big deal. Regardless of whether you’re buying commercial property, your own home or a piece of rental property it can be an ordeal to get through. In any regard, you want to make sure that your money is being invested wisely through sound choices. This article will try to show you how you can make the best decisions regarding all of your real estate purchases.

Develop a relationship with a Realtor or real estate agent that you trust. This should be a person who you get along well with, who you trust completely, and who has great advice and connections on the areas that you purchase property in. You will have to deal with them quite often, and using their knowledge and connections will come in handy more often than you might think.

When you find a piece of property that you want to consider, make sure that you have it inspected thoroughly. The inspection process is the only shot you have at getting out from underneath a money pit before it is too late. Don’t be afraid to order extra inspections if something shows up in the preliminary report. It is your money that you are dealing with, make sure you protect it by understanding what you are getting into.

Things can change in the blink of an eye when it comes to ordinances, building projects and community happenings. Keep an eye out on the areas that you buy to make sure you know about anything that is coming up, or may happen in the future that could affect your properties. Buying into a property with an idea in mind only to find out after the purchase that a new change won’t allow you to follow through with those plans can be very disheartening. Avoid this by doing your homework ahead of time, and all the time.

Especially in these economic conditions, there is more help available to help people get into new homes than ever. Down payment assistance programs are popping up all over the place. Check with your state, your city and even community partnerships to see what may be available to you. Sometimes the qualifications for these are actually very loose.

In much the same way that real estate agents and Realtor relationships are important, knowing people in the lending industry who can find the perfect loan for each property is key to your success. There isn’t much than can shut a deal down faster than not having the money to do it. You never know when you will need a back up plan and these relationships can become a life saver in those situations.

Investingin real estate isn’t quite as simple as letting your real estate agent handle every detail for you. You will need to make all the most important decisions yourself. If you are able to follow the ideas and suggestions from this article you are most likely going to make a good solid investment in the properties that you purchase.

Dave Wedemire is a Principal with Bullseye Capital Real Property Opportunity Fund at http://www.bullseyecapfund.com.

See Why Your A Loser If You Save Money!!!!!

7 Nov

SILVER>>>>>Check Out This Video!!!! (Great Investment)

7 Nov

LOOKING TO START A CAREER IN REAL ESTATE INVESTING????

7 Nov

DIVERSIFIED REAL ESTATE INVESTOR GROUP (DIG) has been the largest non-profit real estate investor group in the Philadelphia area. It is directed by non-paid officers and Board of Directors who volunteer their time to direct DIG’s activities. We have highly active committees of volunteers who assist in running the group

LOG ONTO—–> http://digonline.org/

 

MONTHLY MEETINGS:

 

DIG meetings are held the last Thursday of every month at the Ft. Washington Holiday Inn, 432 Pennsylvania Ave, Ft. Washington, PA beginning at 6:30 PM with informal round group discussions

 

Read about the largest real estate deal in US history

18 Oct

The Largest Real Estate Deal in

American History

 

The largest real estate deal in American history is underway on the lower east side of Manhattan: 80 acres and 110 buildings from 14th to 23rd Streets overlooking the East River in Stuyvesant Town and Peter Cooper Village. Bids may reach $5 billion.

Stuyvesant Town and Peter Cooper Village were built by Metropolitan Life, the largest life insurer in North America, with tax breaks and other subsidies for middle-income residents for returning WWII veterans. Complicating the deal is that 73% of the 12,232 apartments in the two, leafy developments are rent-controlled and thus truly affordable to working class Manhattanites.

The tenants association at Peter Cooper and Stuyvesant Town is also putting together a bid of more than $4 billion based on a plan that involves selling some apartments at market and below-market rates, while preserving about 20 percent of the units as rentals affordable to middle-income families. But the offer is dependent on MetLifes willingness to accept less money from the tenants if bids escalate to $5 billion and beyond.

“Even as the condominium market has slowed, investors have increasingly bought pedestrian rental buildings, which are seen as relatively safe investments with potential windfall profits when the apartments no longer qualify for rent regulation.”

The pending sale has become a political issue as middle-income neighborhoods are fast disappearing in Manhattan.

Its becoming clear that middle-class families cant find a place to live,said Brad Lander, director of the Pratt Center for Community Development.But here MetLife is intent on making billions more by selling to a buyer who displaces middle-income people with higher-income people. But its not in the citys interest to displace middle-class families.

MetLife executives say they do not have a continuing obligation to provide subsidized housing. They say the companys 25-year agreement with the city to provide affordable housing expired in the 1970s.

The Bloomberg administration, which has long trumpeted its plans to preserve and expand affordable housing for low- and middle-income families, has been grappling with the pending sale. Officials say they have talked to bidders, including the tenants group, and are trying to assess the relatively high costs of preserving Stuyvesant Town versus the lower cost of building affordable housing in Brooklyn, Queens, Staten Island or the Bronx.

“City Councilman Daniel L. Garodnick, who lives in Peter Cooper Village and has been promoting a tenant bid, said this was a defining moment in city history.

Hello Real Estate Investing World………

17 Oct

This is the 1st of many posts that I will talk about when concerning the real estate world……………..

Just to give you a brief idea of what my blog will feature……….

  • Real Estate Investing

  • Pictures of Great Estates

  • Motivation Success Stories

  • YouTube Videos

  • Advice From The Heavy Hitters In The Game

  • AND MUCH MORE…….WELL HERE WE GO!!!!!!!!!!!!!!!!