The Benefits of 3D Architectural Animation

3D architectural animation has become an incredible too for architects and developers. It allows for developers to bring their creations to life without the need to actually build anything. That way everyone involved will have an idea of what the finished project will look like. The business environment has never been competitive, which is why innovation is so important; particularly in manufacturing and construction. 3D architectural animation offers a lot of benefits and should be considered by everyone in the construction and manufacturing industry.

 

The Benefits of 3D Architectural Animation

  • Realistic and Quick

3D modelling and animation allows a designer to take the lines of their 2D drawing and turn it into a realistic image of their architectural service. It makes the design stand out even more and allows customers to take a virtual tour of the completed project to see for themselves what it looks like inside and out.

 

  • Cost-Effective way to Boost Business Performance

With the help of 3D architectural animation you’ll be able to spot mistakes and loopholes in a design long before construction actually begins. This allows you to save all the time and money that would go into correcting a mistake during/after construction. It also boosts operational efficiency as designers and architects have a visualization of the project, allowing them to bring the vision to life in a quicker and more cost-effective manner.

 

  • Stand apart from the Competition

The distinctive visual capabilities of a high quality 3D architectural animation helps present your vision in a way that no other medium can. It gives you an advantage over the competition by showing just what your plan will look like when brought to life.

 

  • Find Problems Before Construction Starts

Because a design is developed virtually in 3D with design data this method is great for spotting potential problems in the design and style that might be overlooked by a regular quality control process. As these designs utilize data from every discipline, the visualization process can unveil cross-discipline problems as well.

 

Make the Most of This Great Tool

As time has passed 3D architectural animation has become familiar with developers and architects, changing how we approach design and sell a vision. Even so, there are lots of people who don’t fully understand how this technology can improve their professional lives. The animations can be combined with live action and commercial video production to present a branded story to explain why the architecture is good for everyone, showcasing the design and style and immersing potential buyers into a project.

The right 3D animation in the way of video production servicescan showcase your project in a way that no other medium can. It shows people the ins and outs of your design and effectively creates it in virtual reality ready to be explored. Spot potential problems before they arise and sell your projects like never before with the help of 3D architectural animations!

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what is a hard money loan and when is it used?

Hard money loans provide a needed resource for holders of both residential and commercial properties. Unlike conventional or even subprime mortgages, they are asset-based loans. Because hard money lenders base their loans completely on the value of the underlying asset, they use a different qualification standard.

When borrowers are unable to qualify for traditional mortgage loans, are in financial distress, need a loan approval faster than a conventional lender provides, or need a loan for rehab and repairs, hard money loans often provide the most practical and cost-effective solution.

What is a hard money loan?

Hard money loans are short-term loans, similar to the bridge loans used in construction projects. Lenders usually grant terms between a few months and a few years. Payments remain affordable because the borrower does not pay back the entire principal during the loan term. Rather, each month, the borrower pays a portion of the principal similar to a 30-year mortgage, though some hard money loans are interest only. When the term expires, the rest of the principle becomes due in a balloon payment. Most borrowers either sell the property of refinance it before the balloon payment comes due.

Hard money lenders base approval on the loan-to-value (LTV) ratio. Typically, the LTV must be below 80 percent. Most hard money lenders pay little or no attention to the borrower’s credit history. In these types of loans, approvals are based on property value instead of credit history.

The LTV becomes of primary importance because the lender does not review the borrower’s credit profile or verify the borrower’s income. The only security the lender has comes from the value of the property. Because an 80 percent or lower LTV indicates that the property has sufficient equity, the lender knows that it can repossess the property and sell it, to recoup its losses if the borrower defaults.

As an asset-based loan with no credit checks, hard money loans are considered high risk and come with proportionately high interest rates. Rates range from 8 to 20 percent. This broad range ties to a number of factors.

Borrowers on properties in excellent and good locations can usually qualify for hard money loans at the lower end of the interest-rate spectrum. Borrowers with properties in bad and remote areas often must pay much higher rates. The condition of the property also affects the interest rate. The better the condition of the property, the easier it is to sell; therefore, it presents less risk to the lender.

Like conventional banks, hard money lenders charge points. Each point represents 1 percent of the loan amount. For example, a $100,000 loan at three points means that the lender charges the borrower $3,000 in points. Unlike conventional banks, hard money lenders do not base points on credit profiles. Instead, points are assigned based on the location and condition of the property. Good locations and excellent property conditions merit just 2 or 3 points, while poor locations with properties in bad condition mean borrowers have to pay more points, to compensate the lender for the increased risk.

When are hard money loans used?

Borrowers often opt for hard money loans during times of financial distress. Because hard money loans have few credit requirements, they are the optimum resource for homeowners with equity in their home when they suffer financial setbacks. Often, they provide the lifeline that prevents the homeowner from losing their home and its equity in foreclosure or bankruptcy.

For example, a borrower may owe $300,000 on a $400,000 home when he falls into financial trouble. He falls many months behind on the mortgage and the bank starts foreclosure proceedings. Any attempt to refinance with a conventional loan fails because his credit score has sunk too low.

This borrower can save his house through a hard money loan! Because his equity places him below an 80 percent LTV, he qualifies for a hard money loan, regardless of his credit score. He can then use the hard money loan to pay off the foreclosing lender and save his home and keep his equity. Then, depending on his circumstances, he could sell the home and cash out his equity or refinance the hard money loan into a long-term mortgage once his financial situation improves.

Investors also benefit from hard money loans. Often, they need to close deals fast or lose to the competition. Conventional lenders take 30 or more days to close loans, making them a poor option. Hard money lenders can approve loan requests right away, allowing the investor to seal the deal.

Hard money loans also work great for rehab properties because the LTV can be based on the actual repaired value (ARV). When loans are based on the ARV, investors and home buyers are able to loan enough money to buy the house and complete the repairs. With a conventional lender, they can only loan enough to make the purchase. If they don’t have cash on hand for the rehab, a hard money loan is the way to go!

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The Best Resource For Calgary Real Estate Properties, Listings and For Sale by Owner

How can we help you in your search for Hawkwood Calgary real estate? With over 20 years of experience as real estate investors we really know the Calgary real estate market and can help you find a win win solution for your needs. We buy and sell homes throughout Alberta. We also have a large number of homes in our inventory for rent and rent to own. Calgary homes are in big demand at the moment with the current economic climate in Alberta and we know that the search for real estate properties Calgary can become frustrating.

Every where you look agents are trying to list your home, we are not agents and we do not charge commission so why wait 90 days to sell your home and still lose a bundle. Most of our listings are from real estate Calgary home owners just like you who have offered their homes for sale by owner and we have found a hassle free solution for them. If you have a mortgage we can assume it, pay any arrears if there are any, you could even rent back from us if you do not wish to move. The possession date is not an issue with us. We are not concerned with the condition of the property and will also consider manufactured homes, custom homes, duplexes and four plexes.

The demand for real estate properties Calgary is high at the moment. Contact us to get a fair price for your home, we are private investors and do not charge commission. Our goal is to create a win win solution for Calgary homes. We are up to date on the market value of real estate Calgary and would like the opportunity to chat with you regarding the best solution for your needs. Listings are what agents really want, we want to buy your home, if you have a mortgage that we can assume we would be happy to do that to save you an unnecessary payout to your mortgage company. Residential homes are our specialty throughout Alberta so even if you are outside Calgary we would like the opportunity to help you

Selling your home and buying a new one can be over whelming at times. By speaking with us about your Hawkwood Calgary real estate we can help ease the pain that you may be going through trying to decide what to do, where to move, what to do with your mortgage and perhaps being forced into a sale that will not meet your needs if you list your Calgary homes. We are always interested in real estate Calgary, and no property is too small or too big for us to consider. We can also trade your home for one of the ones in our current port folio. If you need a place to rent while deciding or perhaps building your new home, we may also be able to accommodate those needs

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Retirement Property in Belize – Where Is Belize?

Where on earth is this tropical paradise and what is all the buzz about it being “Mother Nature’s best kept secret”?

Welcome to the retirement property in Belize real estate articles. Learn about this up and coming country that is the next haven to visit, live, invest, retire and play in.

Belize is a tropical paradise on the east coast of Central America located south of Mexico and is east of Guatemala. It’s 174 mile coastline is on the blue Caribbean sea with its white sand beaches with the worlds second largest coral reef and islands that is 185 miles long.

Geographically Belize is located from 15 52′ 9″ to 18 29′ 55″ North Latitude, and from 87 28″ to 89 13′ 67″ West Longitude. Belize has an area of 8,866 sq. miles which includes 266 sq. miles of islands.

Belize city is only about a two hour flight from Houston or Miami.

The incredible Eco System:

There are so many rich and untouched eco-systems in Belize which attract naturalists, explorers and adventurers from around the world.

Hike to 3680 feet to the majestic Maya mountains and visit it’s mystical Mayan ruins along the way.

Go cave exploring or sea kayaking, see the amazing water falls, explore awesome rivers, hike and zip-line through the tropical rain forests or visit the Savannah with over 500 species of amazing birds including the Toucan and wildlife galore, mangroves, Mahogany trees, rivers and ocean canals. 60% of the forests are now protected to preserve the Jaguars and Tapirs

Then off to the ocean to visit the Cayes and atolls with their sun-drenched beaches is one of the main attractions for living in Belize. Go scuba diving in Belize on the pristine reefs or in the world renowned Great Blue hole, or go snorkeling in Belize and see the unique marine life such as Whale sharks, turtles, dolphins, manta rays, lobsters, many fish and conchs.

You can go sailing, boating or deep-sea fishing in Belize. Belize is truly a water sport enthusiast’s dream come true.

The people:

Belize is a Commonwealth country of about 300,000 amazing people making it one of the lowest density populated countries in the world. English is the main language spoken with Creole, Spanish, Mayan, and Garifuna (in the Stan Creek district) widely spoken throughout the country. You will hear many other languages spoken from around the world as well depending on where you are.

I was in awe when I discovered one visionary property development in Belize that has an abundance of these eco-systems in one place.

The spectacular “Sanctuary Belize” International living in Belize is an easy lifestyle choice in this gated community. Invest in Belize real estate as this is the next country to boom as the development property in Belize is starting to take off. Real Estate in Belize is selling quickly.

To learn more about this amazing property visit my website RetirementPropertyinBelize.com I provide my members special offers to learn and visit and retire in Belize that are irresistible.

“You woke up breathing today, so go for your goals! What are you waiting for?

See you in Belize.”

Allen Kessler, fell in love with Belize and purchased a property in an amazing Eco-Friendly 14,000 acre community.

He is learning about Belize and is sharing his research and information with others who are looking to retire to a tropical country. There are so many topics to learn about and Allen is providing all the information you want about Belize to learn if it is the place for you.

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When Should A Hard Money Loan Be Used?

A hard money loan is a short-term mortgage that uses the value of the property as collateral. They have several advantages over conventional mortgages from a bank. The money can be obtained more quickly than with a traditional mortgage. The qualification process is more flexible too, as long as the property meets an acceptable equity threshold. They often have higher interest rates than a traditional mortgage, but they often have shorter terms of only one to three years.

What Is A Hard Money Loan? 

Sometimes hard money loans are called bridge loans because they are used to finance a property until a traditional mortgage can be secured. Banks have strict loan requirements, a longer time to approval, and often have requirements for the property value, and condition of the property. A bank or traditional mortgage lender relies on the creditworthiness of the borrower to secure their loan. This is not the case with hard money lenders. Hard money lenders have a tangible asset that they can leverage in case of a default.

Traditional mortgage lenders typically want to see a credit score of 640 or above. They also need proof of employment, pay stabs that prove consistent income up to the past year, and a debt to income ratio under 50%. Some lenders have more stricter criteria, while others are slightly more lenient. National hard money lenders also have certain standard loan qualifications. They typically require at least a credit score of 550 or above, 2 to 3 months bank statements, the property locations and purchase price, as well as a CV or resume that details the borrower’s prior experience and projects.

Loans For Investors 

Hard money loans are perfect for those who wish to buy and renovate properties and then flip them for profit. They are also good for those who wish to purchase rental properties, or multi-family units. Hard money loans offer solutions for portfolio investors who own multiple investment properties. In many cases, a conventional mortgage cannot be obtained if the person already owns multiple properties and has between 4 to 10 mortgages. Hard money lenders are more flexible in these cases, as long as the person can demonstrate a track record of strong profits.

Hardproperty loans are also good for buy-and-hold investors who need a quick approval and funding time to make a deal go through. Investors can use hard money loans to compete with cash buyers and make their offer more attractive. The quick approval time of a hard money loan can be used to leverage a sale the same as if it were cash. This gives the investor an advantage over others who have to obtain a traditional mortgage.
Fix and flip investors love hard money loans because there is an option to pay the interest only as the property is being renovated. At the end of the loan, the flipper repays the loan when they sell the house for profit. Many conventional banks and mortgage companies will not even consider offering a loan for rehab properties.

Loans for Owner Occupied Homes 

Hard money loans are also an option for those that already own and live in their home. However, there are laws in place to help ensure that the homeowner will not lose their property by means of default. Sometimes hard money loans are referred to as last chance loans because they will lend to people who have exhausted their other financing options.

Hard money lenders fill a specific niche in the mortgage lending industry. This type of loan is great for people who have plenty of cash on hand for a down payment, but who do not meet the credit worthiness or other financial qualifications for a traditional mortgage. Hard money lenders will even give you money if you have a foreclosure on your record, which is something that conventional lenders would not even consider.

Typically, most hard money lenders will only finance 60 to 75% of the property value, and you have to come up with the rest on your own. Even though the interest rates are higher than a traditional bank, the term of the loan is shorter, and provided you can make the payments, you will have it paid off quickly. Most hard money lenders charge from 3 to 6 points upfront.

A hard money loan can offer options for both investors and private homeowners who need to get cash quickly. Because you will not have to fill out the extensive paperwork, a hard loan lender can get you the money that you need in a week or less. This allows you to make an offer on the home that you want, get money for repairs or renovations, or give you the money that you need until other sources come in.

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Finest Wooden TV Stand for Your Living Room

So, you get a new TV set. This one is the wide screen model with the latest technology. Surely, that device will allow your family to enjoy TV entertainment in much better way. Since the new TV is much bigger that the previous one you have, the old TV stand may no longer accommodate it and that means you need a new TV stand. That’s only right that the TV set has the perfect TV stand it deserves.

Although you like the latest gadgets and electronics, when it comes to furniture and interior decoration, it seems like you prefer more classic approach. You like the elegant old fashioned wooden furniture than the ones with more modern style. We must agree with your choice and more over looking for wooden TV stands isn’t supposed to be difficult. You can come to any furniture store and find several products there. But of course, you need more than just any wooden TV stand. You want the one with fine quality made from top grade wood with precision on every detail. That’s the only thing to make sure the TV stand is durable and last for many years while also able to give impressive visual look.

Thanks to Furniture in Fashion, now you can shop for the finest furniture product without any hassle and from the comfort of your own house. No wonder since this online furniture store is one of the largest in UK with wide varieties of product selections. This store has interesting selections of TV stands with wood as main material. You can browse through the collections and find many great products with excellent built quality. Lucky for you, this is the right time to by your preferred furniture because Furniture in Fashion is currently offering big discounts for its product selections. Don’t miss this big opportunity!

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What Exactly Are Double Headed Ceiling Fans?

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Two Motors, One Fan

When ceiling fans made their big comeback during the late 1970’s, regardless of the fan or name brand model, they were all pretty much based upon the same concept. This concept consisted of a single motor hanging from overhead, with blades attached that spun parallel to the floor and to the ceiling (providing the ceiling was flat, and not angled). These fans did the job, but often times were an eye sore to look upon.

Since that time ceiling fans have come a long way. With new innovative materials available, fan manufacturers are able to make different blade shapes, when compared to the flat wooden blades of traditional models, which have allowed for many refinements in styling. Now days, you can find so many modern and unique ceiling fan styles that are far from being considered an eye sore.

Probably none being more unique than the emergence of the double ceiling fan. These fans use dual motors, mounted by a horizontal bar that connects the two together. Each fan motor has its own set of blades. These blades usually spin in a vertical pattern parallel to the walls, versus to the floor at single motor traditional ceiling fans.

Large Sized Dual Models

The first double fan ceiling fan that came into existence, and really the one that started the idea of all of the different dual head models you’ll see on the market today, was the Fanimation Palisade.

The Palisade is still manufactured today, but with quite a few different blade options from what the original offered. The Palisade ceiling fan is now offered with palm leaf blades on each end (the original idea) but also can be purchased with wooden blades, and bamboo blades. Whichever blade selection the fan is displayed with will create an unique look that is perfect for people who have large rooms with high ceilings, and that want their ceiling fan to create a lazy and relaxing atmosphere. There is even a monkey accessory that can be mounted to the downrod extension, for those who want to create the ultimate tropical paradise.

Since the Palisades, Gulf-Coast fan company came out with their own version of a large dual ceiling fan, called the Twin Star. The fan is now in its third generation and is called the Twin Star III.

This fan took Fanimation’s idea a step further by designing their double headed ceiling fan motors to tilt to different angles, thus somewhat changing the look, as well as changing the pattern of airflow into the room. With the larger blades, the angles of the motors can be adjusted from the standard zero degree, to a 45º angle. And with the use of the smaller blades available there is also a 90º motor tilt option. This allows the fan to be used on much lower ceilings from what is needed with the larger blades, especially when used on the zero degree motor tilt.

Gyro and Oscillating Overhead Fans

Becoming extremely popular in today’s market are dual motor ceiling fans that gyro around the center point of the fan, as well as some that oscillate in a back and forth motion.

Gyro

The ever popular brand name Minka Aire has a complete line of Gyro series ceiling fans. Six different models to be exact. The Victorian inspired Traditional Gyro is very popular for those trying to replicate an antique décor theme, whereas the Cage Free and Elemental Gyro series work best for those with contemporary interiors. They even have a Gyro dual outdoor ceiling fan!

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These fans get their name by the way they operate. Each fan has two horizontal bars on each
 side of a well balanced center hub. The center hub has sealed ball bearings, and once the blades begin to move air from each of the two sides, it causes a gyro affect, which causes the two motors to begin to spin round and round the center hub. The higher the speed, the faster this rotation becomes. This is really great for spreading airflow into every corner of the room.

Oscillating

A dual oscillating ceiling fan does not spin round and around a center hub like a gyro fan does. Instead, it truly oscillates from side to side, sort of like the way a floor or desk fan works. The difference is the motors stay in the same set position, and the oscillating motion comes from the center of the fan.

TroposAir Fan Company was the first to come out with a dual oscillating ceiling fan. It is called the Mustang II, and the design is inspired by the Twin Mustang P82 airplane, used in WWII.

With this double oscillating ceiling fan, the motors can be adjusted at any set position, from 0 – 90 degree angles, so that airflow is spread across the room in the desired pattern. The oscillating feature can be turned on or off at the press of a button on the included handheld remote control. Most use the Mustang II inside, but it is also an outdoor rated ceiling fan, and can be used on the patio to make the summer days more bearable.

In Conclusion

If you didn’t already know what folks where referring to if you ever heard the term “double ceiling fan” mentioned, I hope reading this has shed some light on the product for you.

If you are interested in viewing the models mentioned in this article, you can see them all at http://www.palmfanstore.com.

 

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The L Steps – 6 Steps of Real Estate Investing

Real estate investing in Miami real estate is now becoming popular again as there are many properties in foreclosure, short sale, bank reo’s, and government foreclosures. With such an overwhelming inventory of homes available for sale a real estate investor must be able to determine which one to purchase. Investors must follow six steps in order to learn, understand and achieve Miami real estate investment success.

These are the six L steps to Miami real estate investing:

1. Location – Location, location, location is still the key of buying Miami real estate. Buying Miami real estate just because the price is low in a declining area is big mistake that should be avoided. Look for homes in an excellent location like, good schools, economic stable and growing neighborhoods, near shopping centers and malls, near bus stops and metro rails, near hospitals and restaurants. Sometimes it is better to pay a little more for a property in a good location than getting a bargain in a place where it is very hard to sell or rent the asset. Location is often overlooked in purchasing real estate as many investor think they can overcome a bad location if the price is low enough. Out of two homes that are exactly the same, the one in the best location will command a much higher sales price and rental income. Location is the number consideration when purchasing Miami South Florida real estate.

2. Long Term – Real estate investing is a long term proposition. Don’t think you are going to be a millionaire over night. It takes years of hard work and dedication in order to succeed. Hold any property at least one year before selling it. Capital gain taxes will be greatly reduced. Consider renting the property for at two or three years. The rental income generated will help you to properly repair and renovate the property. Many investors purchased properties in the middle of real estate boom with no money down and no equity. These investors were thinking of flipping the homes fast and make a killing in the process. Many homes now in foreclosure are due to investors that were caught in the middle and now realize that real estate investing is very hard to time. Long term Miami real estate investing is the secret to a successful real estate career.

3. Lease Option – Never rent a property with a lease option to buy. Either sell or rent it straight out. A lease option usually is a disaster for both buyers and sellers. The tenant will demand a large discount of the rent to go towards the down payment and closing costs. The problem is that tenant will not buy the property at the end of the lease and the landlord/seller will have wasted a lot of money in rebates given to the tenant/buyer. Demand a 20% or 30% deposit from the tenant/buyer and a clause in the contract that if they default on the purchase they will lose the deposit. This technique will force the tenant/buyer to purchase the property or lose the deposit. The risk of losing the deposit will eliminate the tenant from taking advantage of the landlord by walking out of the contract after receiving a monthly rental discount.

4. Local – Buy real estate close to where you live. Don’t buy real estate in another state or in another country. Keep real estate investing local. Buy in your own county and in your city. The more you know about the area where you are buying the better the decision will be. The investor should always be close to the investment property. The Miami real estate investor should inspect the property often to determine any repair, roof and other problems. The landlord must inspect the property every month when collecting the rent. Check for the number of tenants actually living in the property, check for damages and destruction of the property and overall condition of the place. The investor/landlord will not be able to inspect and determine the condition of the property if it is located far away. Keeping real estate local is an essential step in real estate investing.

5. Leverage – Most real estate books and seminars tell you to use other people’s money when purchasing real estate. This technique is not the best and buyers should try to buy the property in cash if at all possible. Buying a house in cash will help you get a better deal and allow you to negotiate from a position of strength. A cash buyer will always have the upper hand in negotiating with banks, property owners, and other sellers. Cash buyers will not suffer and go into foreclosure if the market turns and they are unable to sell or rent the house right away. Like Dave Ramsey always says “cash is king and debt is dumb”. Buying an investment property in cash is an excellent way to avoid Miami real estate investment mistakes.

6. Learn – Research the property and learn everything about it before you buy. A mistake in Miami real estate investing can be very costly. Usually you make your money when you buy not when you sell. Buying the property at the wrong price the wrong place and at the wrong time could be detrimental. One mistake could wipe you out and put you out of business before you start. Ask questions to the experts, real estate agents, appraisers, mortgage brokers, and other real estate investors. Learn, research, educate yourself in all aspects of real estate investing before you purchase the asset.

It is definitely a buyers market in Miami-Dade County. Miami real estate investors have more choices than ever before when it comes to real estate investing. Investors must follow the L steps, the 6 steps real estate investor guide to successful real estate investing in order to achieve their investment goals in the Miami real estate market.

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Real Estate Property Values – Ranked High

Rob Norquist, a real estate agent admits that Newport Beach is as active as it used to be, with some good record sales. He also agrees with the fact that a property, should never be considered deprecated, and as a seller, you should never give up and use the low end price. It is true that, during a certain period of time, depending on the real estate market, client’s desire, real estate auctions, there may be moments when a property’s price drops, but not forever.

Other cities such as, Huntington Beach, Costa Mesa, Irvine or Mission Viejo – are considered among other 25 cities as being the ones with the best real estate property values, with average values of $680,000 and more. The national average value in 2007 was $194,300.

However, some property values are based on subjective answers from residents living in a certain home, so the given numbers , and real estate evaluation may be hanging on a wishful thinking instead of a real appreciation . This is where real estate auctions come in picture, to inform potential clients about the property, and the investment possibilities, giving them a clear image of the real estate’s worth.

Even though some buildings such as Orange County properties , dropped their values in 2007, but they recovered extremely well after. So this is another reason why as a seller, you should never fear if you observe a temporally value drop, because it is normal from time to time.

For instance, about 81% owners, sellers, agents, trusted in 2007 that their estate property values were over $1 million, against 75% in 2006. So things are for the best and it would appear that most of estate agents have finally understood what this business is really about. It takes a lot of patience and ability to maintain your property’s value among top ones on real estate market.
But Norquist, trusts that many Newport Beach arguments are near the mark, sustaining that this city has survived the “housing slump” better than other locations. However, the unexpected surprise attacked more on sales, which he admits that they are on a falling edge right now, but there is still hope for better times.

Newport Beach is very well known for its highest-valued real estate properties in the U.S., being a perfect place for real estate business . It’s location and proximity to the water, and the beach front view increase it’s real estate value considerably. Auctions in this area are very interesting and those who are interested in real estate business domain should never miss them. You can learn a lot on such events.

Experienced real estate agents or even friends will surely advise you that as a buyer you are very likely to come across many real estate properties in foreclosure having perhaps no equity,being over priced . In such moments, lenders sometimes choose to accept a smaller amount than the initial.So you get in the negotiations process. As a hint, when you realize the over pricing phenomenon, you have to understand that this happens when the real estate agent , or seller is aware of the real estate property’s value, and he tries his luck in a raising price. So watch out! The negotiation can become a difficult process especially when reasonable terms are not agreed by both sides: owner and buyer. Negotiations can occur privately or in public, where real estate auctions come in the picture. Of course, a real estate auction is safer and more trustful than a private one. Private negotiations occur especially when the agent is a close friend or relative to buyer’s, and because of the friendly environment some details regarding even the real estate transaction may be skipped. So in situations like this be careful.

Even as a friend, for a real estate agent , money comes first, and friendship after. Of course, during such a negotiation, there can be all sort of problems, such as mortgage value, real estate market, all sort of official formalities, conflict of interests in a particular area etc. Moreover, time a very important issue when real estate auctions are involved. As a general rule, and as an advise for a potential buyer, negotiation process should not be extended on a long period of time, because, as I said before, in time, real estate properties drop their values, and the client’s interest together with it. In this case, not only does the buyer loose, but the real estate agency as well. Why?Because if a property’s value drops, the price must drop as well, if you ever want to sell it again. In this case the under priced phenomenon appears. This is why short sales are preferred. Many Realtors, and clients started using this strategy, because they faced the problem regarding their property’s value.So they decided the selling process should not take too long.

Another important issue refers to the well known “acceleration clause” , which is an official word met in any mortgage document, meaning that the lender, after the real estate property is sold, can demand the payment of the remaining balance for the loan. Realtors can provide more information about this contractual right. If this clause is good or bad for a real estate transaction, it is hard to say, because it has its advantages and disadvantages. Buying a real estate property which has already a mortgage loan represents a pretty raised risk. Why? Because first of all, if the mortgage loan was contracted for many years, depending on the interest’s rate, and marketplace evolution, you may come to pay the house’s price 3 times more. However, if you have experience in monitoring the market place, and find a right moment when every interest’s value drops, you could go for it. It’s kind of a gambling in this business, and Realtors, or individual real estate agents know it best.

Realtors and real estate agents are here on the real estate market, to help clients understand how they can value their houses, what should they look for when trying to sell or buy a house, how to negotiate, and how to win a real estate transaction. Some may say that buying or selling a real estate property is easy, but the fact is that pricing a house is a very difficult process. Many real estate agents, brokers, have suffered many defeats before their first good business, so do not expect their job to be an easy one.

Unfortunately, a concerning price and sales gains of these past years have determined in many cases quitting the real estate business. Many real estate agents who have seen the future preferred to do something else than real estate business. The credit market is also in a critical position, as many Realtors have observed. Mortgage values are also a result of real estate market position right now. Real estate investors have diminished their participation number to real estate auctions, as a sign they have seen it too.

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Addicted to Real Estate – Why I Can’t Stop and Why You Should Start

The All-Money-Down Technique

So how does the all-money-down technique work by purchasing a home with cash? First of all, let me repeat that I really didn’t have any cash, but I had a significant amount of equity from Terry’s home and several homes that I owned put together to give me a substantial cash down payment. Banks and mortgage companies alike will accept money from a home-equity line of credit as cash to purchase a home. At least they did in 1997 under the financial guidelines of the day. What you must remember about mortgages and lending is that the guidelines change constantly, so this technique I used in 1997 may or may not be able to be used in the future. Whether it is or isn’t able to be used again doesn’t really matter to me as I believe that there will always be a way to buy real estate with limited money down sooner or later. There will always be a technique to acquire real estate but exactly how that will be done in the future I’m not completely sure.

I began purchasing homes in the Mayfair section of Philadelphia with the prices in the $30,000 to $40,000 per home price range. I would purchase a home with three bedrooms and one bathroom on the second floor with a kitchen, dining room, and living room on the first floor and a basement. What we call a row home in Philadelphia would consist of a porch out front and a backyard the width of the home. Most row homes in Philadelphia are less than twenty-two feet wide. For those of you who are not from Philadelphia and can’t picture what a Philadelphia row home looks like, I suggest you watch the movie Rocky. Twenty-two homes on each side of every block will really test your ability to be a neighbor. Things that will usually cause an argument with your Philadelphia neighbors often stem from parking, noise your children make, where you leave your trash cans, parties, and the appearance of your home.

In 1998 my girlfriend and I moved in together and to the suburbs of Philadelphia called Warminster. After living on a street in Tacony, much like Rocky did, I really looked forward to having space between my home and my next-door neighbor. I told Terry not to even think about talking with the people who lived next door to us. I told her if one of them comes over with a fruitcake I am going to take it and punt it like a football right into their backyard. I believe I was suffering from Philadelphia row home syndrome. My new neighbors in Warminster turned out to be wonderful people, but it took me eighteen months before I was willing to learn that.

So you just bought your row home for $35,000 in Mayfair, and after $2000 in closing costs and $5000 in repair costs, you find yourself a good tenant who wants to rent the home. After renting the home with a positive cash flow of $200 a month, you now have an outstanding debt of $42,000 on your home equity line of credit that will have to be paid off. When purchasing the home, I did not get a mortgage as I just purchased a home for cash as it is said in the business. All monies I spent on this house were spent from the home-equity line of credit.

The move now is to pay off your home-equity line of credit so you can go do it again. We now go to a bank with your fixed-up property and tell the mortgage department that you want to do a cash-out refinancing of your real estate investment. It helps to explain that the neighborhood you purchase your property in should have a wider range of pricing as the neighborhood of Mayfair did in the mid-90s. The pricing of homes in Mayfair is quite unusual as you would see a $3000 difference in home values from one block to the next. This was important when doing a cash-out refinancing because it’s pretty easy for the bank to see that I just bought my property for $35,000 regardless of the fact that I did many repairs. I could justify the fact that I’ve spent more money on my home to fix it up, and by putting a tenant in, it was now a profitable piece of real estate from an investment standpoint.

If I was lucky like I was many times over doing this system of purchasing homes in Mayfair and the appraiser would use homes a block or two away and come back with an appraisal of $45,000. Back then there were programs allowing an investor to purchase a home for 10 percent down or left in as equity doing a 90 percent cash out refinance giving me back roughly $40,500. Utilizing this technique allowed me to get back most of the money I put down on the property. I basically paid just $1,500 down for this new home. Why did the mortgage companies and the appraisers keep giving me the numbers I wanted? I assume because they wanted the business. I would only tell the bank I need this to come in at $45,000 or I am just keeping it financed as is. They always seemed to give me what I wanted within reason.

This whole process took three to four months during which time I may have saved a few thousand dollars. Between the money I saved from my job and my investments and cash out refinancing, I had replenished most or all of my funds from my home-equity line of credit that was now almost back to zero to begin the process again. And that is exactly what I intended to do. I used this system to purchase four to six homes a year utilizing the same money to purchase home after home after home over and over again. In reality, the technique is a no-money down or little money down technique. At the time maybe I had $60,000 in available funds to use to buy homes off of my HELOC, so I would buy a home and then replenish the money. It was a terrific technique that was legal, and I could see my dream of being a real estate investor full-time coming to an eventual reality even though I wasn’t there yet.

During the years from 1995 to 2002, the real estate market in Philadelphia made gradual increases of maybe 6 percent as each year went on. I began to track my net worth that was 100 percent equity, meaning I had no other forms of investments to look at when calculating my net worth. Generally speaking, the first five years of my real estate career did not go well because of the bad decisions I made purchasing buildings and the decline in the market. Furthermore, my lack of knowledge and experience in repairs made it a rough. The second five years of my real estate career that I just finished explaining didn’t make much money either. I supported myself primarily through my career as a salesman, but I could definitely see the writing on the wall that down the road real estate was going to be my full-time gig.

Realty Professionals of America

I own an office building that has a real estate company as a tenant called Realty Professionals of America. The company has a terrific plan where a new agent receives 75 percent of the commission and the broker gets only 25 percent. If you don’t know it, this is a pretty good deal, especially for a new real estate agent. The company also offers a 5 percent sponsorship fee to the agent who sponsors them on every deal they do. If you bring an individual who is a realtor in to the company that you have sponsored, the broker will pay you a 5 percent sponsorship out of the broker’s end so that the new realtor you sponsored can still earn 75 percent commissions. In addition to the above, Realty Professionals of America offers to increase the realtor’s commission by 5 percent after achieving cumulative commission benchmarks, up to a maximum of 90 percent. Once a commission benchmark is reached, an agent’s commission rate is only decreased if commissions in the following year do not reach a lower baseline amount. I currently keep 85 percent of all my deals’ commissions; plus I receive sponsorship checks of 5 percent from the commissions that the agents I sponsored earn. If you’d like to learn more about being sponsored into Realty Professionals of America’s wonderful plan, please call me directly at 267-988-2000.

Getting My Real Estate License

One of the things that I did in the summer of 2005 after leaving my full-time job was to make plans to get my real estate license. Getting my real estate license was something I always wanted to do but never seemed to have the time to do it. I’m sure you’ve heard that excuse a thousand times. People always say that they’re going to do something soon as they find the time to do it, but they never seem to find the time, do they? I try not to let myself make excuses for anything. So I’ve made up my mind before I ever left my full-time job that one of the first things I would do was to get my real estate license. I enrolled in a school called the American Real Estate Institute for a two-week full-time program to obtain my license to sell real estate in the state of Pennsylvania. Two terrific guys with a world of experience taught the class, and I enjoyed the time I spent there. Immediately after completing the course at the American Real Estate Institute, I booked the next available day offered by the state to take the state exam. My teachers’ advice to take the exam immediately after the class turned out to be an excellent suggestion. I passed the exam with flying colors and have used my license many times since to buy real estate and reduce the expenses. If you are going to be a full-time real estate investor or a commercial real estate investor, then you almost have to get a license. While I know a few people who don’t believe this, I’m convinced it’s the only way.

I worked on one deal at $3 million where the commission to the buyer’s real estate agent was $75,000. By the time my broker took a share, I walked with $63,000 commission on that deal alone. With the average cost per year of being a realtor running about $1200 per year, this one deal alone would’ve paid for my real estate license for fifty-three years. Not to mention all the other fringe benefits like having access to the multiple listing service offered too many realtors in this country. While there are other ways to get access to the multiple listing services or another program similar to it, a real estate license is a great way to go.

Some of the negatives I hear over and over again about having your real estate license is the fact that you have to disclose that you are realtor when buying a home if you’re representing yourself. Maybe I’m missing something, but I don’t see this as a negative at all. If you’re skilled in the art of negotiation, it’s just another hurdle that you have to deal with. I suppose you could end up in a lawsuit where a court of law could assume because you are realtor you should know all these things. I don’t spend my life worrying about the million ways I can be sued any more than I worry about getting hit by a car every time I cross the street.

The Addict
From his first investment property over 20 years ago to his relentless search for the next great deal every day, Falcone is a non-stop real estate investment machine!

Get Addicted
Sometimes addiction is a very good thing. In this book Phil Falcone, the ultimate real estate addict, will show you how to achieve amazing success as a real estate investor:

• Delve into the details of actual deals he negotiated and learn why his methods were so effective
• Discover why his residential to commercial real estate strategy will create ultimate wealth
• Learn how he used apparent liabilities (OCD, insomnia, and workaholic behavior) to help him achieve his goals
• Explore why he can’t stop investing in real estate, and how you can start controlling your own financial destiny through real estate

Frank, funny and informative, Addicted to Real Estate will inspire any investor to achieve higher levels of drive and success in the rewarding world of real estate.

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