Posted by admin on November 12th, 2009 — Posted in Insurance Portal, Internet Home Improvement, Real Estate Resources
As late as January, insurance industry spokespeople were still alleging that they didn’t expect to have to raise insurance premiums supported on their figures, but by late September that message had modified. With Suncorp alone addressing over 7 thousand claims familys can expect costs to rise. But thanks to reinsurance Suncorps full bill could be limited to eleven million. Of course this will grow as home ownser set about looking for Putney basement services and doubleglazing
With the 3 strongest home insurers in QLD either declaring or contemplating a lift in premiums, it’s very likely that your buildings and contents insurance premiums will grow, by at least 10 percent. If your house is in a region that is renowned as flood prone, you can expect the fullest rate increases, but it’s anticipated that the home insurance premium increase will involve every last insurance policy holders in some way.
If you have a home in a flood prone region, you might be able to slim down your premiums by making particular measures to guard your dewling from flood damage. Those ideas could include specific plumbing valves to restrict sewage from flooding up into your house and particular types of construction that can reduce the impairment done by water to your property. So there has never been a easier time to revaluate your home insurance in wa and learn if you can preserve money.
You can hold on to money on home insurance if you acknowledge how to. Discount Rates from your insurer are available for a variety of grounds, extending from the type of construction material applied to make your house to how close you are from to bushland.
Raise your policy excess. If you can
cover a higher excess, it’s a great way reduce costs on your premium. If you do have to claim for the full cost of your house the different between $600 and $1000 will not appear that essential.
Amend the security system and safety. Items such as deadbolt locks, burglar alarms and smoke detectors often add price reductions of 4% each, reckoning on the insurance company. Your insurance firm may in additional offer a significant discount of 10% or 20% if you install a sophisticated home-security system. If you are considering about buying such a system, check into with your insurance company to see which systems they endorse and which will earn you a rebate.
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Posted by admin on September 1st, 2009 — Posted in Internet Home Improvement, Real Estate Resources, Regional Resources
Atlanta Home inspection services. If you are in the market to purchase a home in Atlanta, it is important to decide on the correct Atlanta Home Inspection service to facilitate one of the most important financial investments and emotional buying decisions you might ever consider. Our ethics, vast Atlanta home inspection experience and our unequaled customer service will easily convince you that you made the right choice!
The home inspections performed by Atlanta Property Inspections can assist by giving you with the most professional and comprehensive Atlanta Home Inspector service prior to your purchase. With over 16 years of Atlanta home inspector experience and our association and membership in some of the industry’s most prestigious organizations, you can be certain that the Atlanta home inspectors from Atlanta Property Inspections will help you fully identify the condition of your home.
SC home inspector service ACE home inspection provide South Carolina home buyers with an independent, objective report of the condition of your new house. Our sc home inspection covers all areas of concern of the home - structure, roof, exterior, grounds, fixtures, appliances, doors, heating and cooling systems, electrical and plumbing systems, windows, as well as crawl space and the attic. ACE inspectors typically take field notes and photos from which to discuss results with all interested parties; the sc home inspection will take about 2 -3 hours.
All Fort Worth home inspectors representing TexInspec are committed to delivering complete piece of mind by letting you know the condition of your home.
TexInspec Fort Worth house inspectors offers Fort Worth home inspectors servicing not only Fort Worth and Dallas but also to well over 100 surrounding communities. TexInspec Fort Worth home inspectors understand the stress that is involved in Buying, Selling, and Moving.
That is the reason why when your Fort Worth home inspector from TexInspec has been finished, you will be furnished with a free 90 day carpenter ant and termite warrant, an instant report printed on site which includes a summary page of recessionary repairs as well as a color photo journal of your new property, PLUS a Copy is Emailed to Your Agent Immediately from the Inspection
A guide “Coping With the Joys of Home Ownership” which is written for Fort Worth home buyers, to help understand your new home, is also provided.
You need a Dallas home inspection company which is knowledgeable about Dallas homes but who also insures that you are properly informed to help you in making the best decision possible.
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Posted by admin on June 5th, 2009 — Posted in Internet Home Improvement, Real Estate Resources, Security + More
I have been shopping for a security system for 10 days now and I finally got a home alarm device that seems to fit my bungelow, my family and our lifestyle.
We looked through plenty of different alarm companies to learn the lowest cost choice versus the most high-ticket alternative. I must say, that I was very happy with most of the web sites we searched at but one stood out above all the others and that was Family Home Security. Their monitoring data was tremendous, eye opening and enlightening. I wish they were a company that set up security systems themselves because I know it would be done very well and with very much of attending to detail.
What made it a cold experience? Well, we saw a housebreaking 20 months ago that wasn’t very fun. As Luck Would Have It, we were outside of town and they simply carried jewellery and dollar bills. Now there are tiddlers in the house and a plenty more noteworthy stuff like computing devices, electronics, and above all - family and family memories and photographs. We simply sought to find the optimum home alarm system that we could all utilize and feel secure with. It was decidedly time to get one this day.
So, how did we determine the appropriate home alarm system? We originated by seeking ’security systems’ on the search engines, then surfed through entirely of the internet sites on the basic page. A plenty of them were scrap…and I was sorry about that. Everybody I acknowledge says Ask is the greatest…anyhow, afterward searching all over those pages we couldn’t determine what we were waiting for. We don’t need a difficult sales process and we didn’t want to remember lots about it. Near all of these web sites were bothering sales pitches - I wanted info!
Several of the corporations we saw were Pinnacle, ADT, APX and GE. All of them look to apply alike home alarm systems…and we lastly finished up with a Pinnacle Security system after using the healthy information received at homesecurityguru and www.familyhomesecurity.com.
It’s fine to consider tremendous informative sites out there on the subject of home security.
Go find that security system!
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Posted by admin on March 14th, 2009 — Posted in Real Estate Resources
Notwithstanding the fact that Property Index is actually a new kid on the block organization, (they were founded in March 2007), they have quick established expert status. On closer scrutiny, they are a extraordinarily straightforward organization focused on looking after and guiding every client striving to let, sell, rent, etc. property in a globalized world. Their agreement: to assist you discover smack what you are calling for quick and, of course, unproblematically.
Estate can easily be purchased in many parts of the world presently, possibly the fanciest area being land you can purchase in Portugal. It’s easy to list a slew of the great real property you can purchase in Portugal, one motive for selecting real estate here being a combination of the houses and apartments on the market and the opportunity of spending your life among this vigorous populace. It is one of the truly sought after countries presently, and considering the gorgeous landscape and agreeable weather surrounding you here, how could you say no? Estate in Portugal is immersed in culture, art and history, this part of the world has always been home to a number of sophisticated cultures.
PropertyIndex.com make it easy to find property in Portugal, whether you are looking for a villa or an apartment, they can help you find the right property.
Around 25-30 years back you’d find a mere trickle of English people keen on real property in Portugal. Just ask everyone who has removed to Portugal and they’ll tell you the same. Well, some would describe it as a brief craze and others describe it as a near to a fetish. People actually transferring to this area will typically range from young couples who are looking for a challenge in life to the retired looking to loosen up. Note that there can be complications when looking to purchase real property abroad: expectably there’ll be 100s of steps to review be it when budgeting, visiting or completing. If you only miss a single minute step this may definitely engender wide-ranging complications not to forget, most importantly, loss of money.
Obviously, as can be anticipated with this sought after place, real property could be pricey in this region which is unquestionably a result of the increasing demand. Notwithstanding the patron is definitely spoilt in terms of choice in such a part of the world so great in terms of great view. It can boast the whole enchilada just about anyone might conceivably need and plenty more.
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Posted by admin on August 25th, 2008 — Posted in Real Estate Resources
There are a range of properties in Portugal for sale on Property Index, from villas to apartments.
Despite the fact that the Property Index online service is seen as a pretty young company, (they were founded only in March of 2007), they have quickly established their expertise. They’re a pretty unceremonious company focusing on servicing every customer who is intending to buy property across the world. Their affirmation is to assist you discover smack what you require quickly and in a trouble-free manner. Property can be found in many parts of the world today, probably the elite area being estate available for sale in Portugal. It should be no problem to tally the terrific properties available in Portugal, the reason for investigating land here is a combination of the houses and apartments for sale and the good chance of spending your life right amid this eager and energetic population.
It’s one of the truly trendy countries today, and in view of the gorgeous landscape and the wonderful weather that surrounds you all year long, how could you ever say no? Property in Portugal is very rich in history and culture, this area of the world is and has always been home to quite a number of indigenous cultures. Around thirty years back you’d find only very few of Britons keen on properties in Portugal. Ask any individual who has removed to Portugal and they’ll be sure to substantiate this. Well, some would term it a transient rage and others term it a practically a fetish. People that are willing to move over here will range from young families keen on an exciting new life perspective to senior citizens looking to have a fun retirement.
Note that there may be problems when trying to purchase properties in a foreign market — you’ll find there are a hundred actions to come to terms with when working out a plan, touring or actually purchasing. If you miss out on one single procedure it is sure to give rise to wide-ranging problems and, preeminently, monetary loss. As is to be supposed with this sought after place, properties may well be dear in this place and this, of course, is solely a consequence of the wide spread market pressure. This notwithstanding, customers are really pretty spoilt in terms of choice in such a location full of cheerful panorama. It’s able to offer all just about anyone could feasibly fancy, etc.
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Posted by admin on May 12th, 2008 — Posted in Real Estate Resources
Are you thinking of investing in real estate? But you do not have enough cash to do so. Here is a tip you can use as long as the property seller is willing to negotiate with you. To be fair, not every seller will be interested (or even understand) the concept outlined. Your best bet is to find a property that the owner has great interest in selling, whether because of moving, divorce or frustration with tenants.
Actually, if you are currently renting and thinking about using this technique perhaps your landlord would be happy to help you out! There are a few variations that can be used depending on you and your seller. Do they want the market price or are they just eager to get out from the monthly payments - perhaps facing foreclosure?
The simplest method is to take over their mortgage payments - called ‘assuming’ the mortgage. You will need to be approved by the original lender to assume the mortgage. If you cannot get approved for an assumable mortgage you may also try a ’subject to’ assumption where you merely make payments while the property remains in the seller’s name.
You take over the original mortgage and create a second mortgage on the remaining cost of the house with the seller. Offer a high, interest-only payment for a short period of time - 2 or 3 years. Instead of having the money sit in a bank they can be collecting a high interest over 2 or 3 years with the remainder due in full at the end of the term.
When the term ends you should be able to refinance the cost, or you can sell. Unless you hit a real bad market the value of the property should have risen in that time.
Most mortgage lenders merely want to make a good investment. While your local bank may still shy away there are plenty of financial lenders that would love to make a deal. Financiers like real estate. The mortgage is usually based on 60-70% of the value of the property, so as long as they know they get their money back in the value of the property if you default, they don’t care what kind of money you make. Complete the deal with a second mortgage created with the seller. If you default they can still foreclose on the property and sell it, paying off the existing mortgage with the proceeds.
Now you can see the whole picture. It is better that seller and buyer can work together. If they can’t wait for a sale, you can still give them their asking price with a little flexibility on their part.
Dr. Drew Henry maintains a number of websites about Loans, including New Home Loan, No Credit Check Loan, and No Equity Home Loan.
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Posted by admin on May 3rd, 2008 — Posted in Real Estate Resources
Refinance - refinance, can lead you such a fine dance. Can addle your brain and then lead you to drink. Still there’s no shortcut to - perfect refinance. You simply can’t - sign - on a nod and a wink!
Your aim is to cut down your interest costs paid; reduce your payments and get money out. Truth is you’d rather be just getting laden…with goodies, whilst shopping - or fishing, no doubt.
When the interest rate’s two - maybe three points below what you pay every month for your mortgage or loan. Then it’s time that you really went “fishing” you know, for a deal with more “meat” on the bone.
Now websites and experts abound with advice - You’ll have “arms” coming out of your ears! “fixed rate” - “options?” - Listen carefully - be nice but consider “the term” - Yes the …years!
Be careful with answers - and questions as well. The devil’s - likely as not - in the small print. Just take your time - don’t be hurried - do dwell. Don’t be quick to make lenders a small mint!
“Refinance co-signed”, or “lending sub-prime”, “bad credit refinance loans fast”? The points you might pay could be labelled as crime! So you’ll have to stay strong to the …last.
You’re damned if you don’t and your damned if you do…? Well - that’s often the feeling sometimes. But the perfect refinance - is tailored to YOU…and you’ll KNOW when the “bottom line” rhymes!
© 2005 Luke Sharp
Luke Sharp excels at witty and original articles and poems. He’s a valued member of the “Online Refinance” team. After the “Luke Sharp treatment” complicated subjects seem clearer. See more “poemicles”, entertainment, and all the information you’ll ever need on refinance at http://www.onlinerefinance.net
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Posted by admin on April 30th, 2008 — Posted in Real Estate Resources
Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers, investors and those who would like to operate a home-based business. Lease Purchasing allows you to control property without ownership which has benefits for all.
What Is A Lease Purchase?
A Lease Purchase is a process that combines a basic rental lease with an agreement to purchase, or with an option to purchase the property. The Buyer (or Lease-Purchaser) pays to the seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on the home. A percentage of that payment is typically applied towards the purchase price. At the end of the term, the buyer has the right to purchase the property for the price and terms to which both parties have previously agreed.
Put another way, a lease purchase is essentially a rental agreement combined with a purchase contract with pre-negotiated terms. The buyer leases the property for a specific period of time and then purchases the property before the end of the lease agreement. Sales price, length of rental, rent credits, escrow instructions, etc., are all contained in the agreement.
A lease purchase is a wonderful way to control property without the headaches of banks, mortgages, taxes or immediate loan qualifying. Lease Purchasing gives you the right to buy the property, but not the obligation to buy.
Following are just some of the benefits of Lease Purchasing.
Benefits For Buyers
Low down payment.
Qualification restrictions are not as great as in conventional financing.
Past credit problems are not usually a road block.
The option consideration can be fully credited to the purchase price.
Your rent money is working for you.
Purchase price is usually locked-in ahead of time.
Gives you sufficient time to check out all the features and faults of the house.
Time to check out the neighborhood.
Puts you in legal control of a property for a specified period of time.
Time to shop for and obtain the best financing.
Major maintenance and repairs are the responsibility of the owner; you take care of nothing but minor maintenance.
Profits, in case appreciation occurs and you decide to sell in the future.
Benefits For Sellers
Usually top sales price for the property.
Better quality tenants.
Higher rent than usual for the market area.
Non-refundable option consideration.
All minor maintenance is delegated to the tenant/buyer.
Seller remains on the deed.
Seller retains the tax shelter.
No fees to pay.
Benefits For Investors
Maximum leverage.
Minimum cash outlay.
Minimum risk.
No maintenance.
Wonderful cash flow.
Excellent profit potential.
Benefits For The Business Owner
Little start-up capital needed.
Little or no credit needed.
Wonderful cash flow can be generated immediately.
Excellent and realistic first year income can be achieved.
Business can be started simply, no major equipment to buy.
Business can be operated full time, part time or in your spare time.
Best of all, the business can be operated from your own home office.
Copyright DeFiore Enterprises 2000
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our “how to” Home Business Solutions Digest, it’s like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com
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Posted by admin on April 22nd, 2008 — Posted in Real Estate Resources
You’re seriously considering buying a second home or vacation
home. What are your options? Is whole ownership the right
choice? What about fractional or shared ownership? What’s more
important to you - investment or enjoyment? This report answers
these questions and more.
A second home is something many aspire to own and enjoy. You’re
not alone. In fact, people are buying second homes like never
before. Second homes tend to be held for seasonal and occasional
use or whose usual occupants live elsewhere.
The expansion of second home growth has had two driving forces
behind it: increased wealth and favorable demographics. With tax
laws that benefited the transfer of wealth, the stock market
boom in the 1990’s and renewed house price appreciation, average
household net worth has risen dramatically. These demographic
changes coupled with the recent languishing stock market have
intensified second-home demand and contributed coincidently to
the extreme rise in prices within destination resort areas.
Second-home purchases are most commonly made by middle-aged
heads of households in their prime earning years.
In 2004, the second home industry in North America achieved
record sales volumes. A total of 2.82 million second homes were
sold in the U.S., up 16.3% from 2.42 million sales in 2003. This
growth trend is attributed to several factors:
* The US economy recovered from a deep recession.
* Cash in money markets languished with the lowest
interest rates in decades.
* Confidence in the stock market remained and continues
to remain low with consumers seeking out alternative investment
opportunities.
* Consumers in the US and Canada saw second home real
estate as a safe haven for investment appreciation with the
opportunity to also enjoy the use of their new asset.
* Second homes also provide investment diversification,
which has become a critical concern among consumers since the
stock market crash in 2000 and 2001.
New Ownership Options Available to Meet New Market Demands
In response to growing demand, the resort industry has undergone
substantial change in the last five years. In order to broaden
market appeal, developers have crafted new second home real
estate products to better respond to people’s needs and desires.
The most recent innovations in the second home industry are the
introduction and rapidly increasing popularity of luxury
fractional real estate and the condominium hotel - two of the
fastest growing segments of the real estate industry today.
Fractional Real Estate and Condominium Hotels are primarily
purchased for lifestyle enhancements. The variations between
these products tend to be in how the owners plan to use their
residences and what they hope to gain from their ownership. To
better understand these differences it is important to note the
two primary motivations for owning a second home - as an
investment and enjoyment from use of the residence.
Similar to whole ownership purchases, fractional and condo-hotel
owners are granted ownership by fee-simple deed with title
insurance. Since Fractional Real Estate and Condominium Hotels
are backed by deed and title, these purchases are considered
equity-based investments as opposed to the non-equity based
multi-site destination clubs also popular in today’s market.
And, just as you can with a primary dwelling, the deeded
fraction or condo-hotel real estate may be resold or bequeathed.
Fractional Ownership
Fractionals are very upscale fully furnished second home
properties usually located within renowned destination resort
areas or select urban settings where cultural, dining and
shopping experiences are extraordinary. More important to the
consumer is that resort fractional projects are being located
within destinations that have been family favorites for
generations. These residence programs normally include superior
resort services such as concierge, valet parking and personal
gourmet chef services for in-home dining, as well as the use of
first class quality amenities and a variety of recreational
activities.
Common settings for fractional properties are ski and golf
resorts and beach communities. Popular destinations include
Aspen and Telluride in Colorado as well as the Caribbean.
“Fractionals are typically found in resort areas where prices
for second homes are very high and/or there is a scarcity of
available real estate,” says Richard Ragatz, president of Ragatz
Associates, a hospitality market research and consulting firm
based in Eugene, Oregon.
Carl Berry, CEO of Scottsdale-based Star Resort Group, notes
that the luxury fractional or private residence club concept has
become attractive because property values in popular resort
areas has skyrocketed out of reach of all but the wealthiest
buyers.
For example, Mr. Berry notes that $1 million now buys a
tear-down cabin in Aspen, Colorado, whereas a fractional there
costs $200,000 to $500,000, “which is chicken feed compared to
what these properties are going for.” Nowadays, $200,000 will
buy a piece of a $1.5 million property, according to Ragatz, who
notes that this concept has been around a long time. “People
have been investing in second homes with relatives and friends
for years, but divided-ownership property was never a true
product until recently.”
I like to emphasize that the popularity of the second home
fractional is that it makes sense to purchasers who simply could
not justify the purchase that they might only use for a few
weeks out of each year. With a fractional, owners have the asset
and all the advantages of second home ownership without the cost
or year-round maintenance obligations. Professional management
relieves owners of the worry and anguish that often accompanies
second home ownership. When coupled with superior hospitality
service levels, the fractional purchase is an exciting and
sensible alternative in the second home marketplace. Fractional
choices are broadening as developers continue to design programs
that truly allow owners to use their second home as they prefer
at a fraction of the cost.
What Types of Fractional Ownership Are Available?
There are several different types of fractionals that serve
divergent interests. The most popular categories include
Traditional Fractions and Private Residence Clubs.
Traditional Fractional
This original fractional format was first formulated in the
1980’s to formalize the sharing of a single family home within a
destination resort area. Traditional fractions now involve
condominiums and attached townhouses as well as detached single
family homes. These Traditional Fractionals are usually sold in
one-fourth interests, also termed Quarter-shares. Quarter-share
owners receive one week of use each month for a total of 13
weeks per year. Variations of the Traditional Fractional
include: Fifth-shares with a total of 10 weeks per year and
assignment of use every fifth week, and; Sixth-shares with 8
weeks of use per year and allocation of time every sixth week.
Within each traditional fractional format, the weeks are
assigned through a calendar that rotates to distribute the most
desirable times of the seasons in a fair and equitable manner.
The owner may either use or gift their weeks, or they can place
their unused time in a rental program and split the revenue with
the property manager after costs. Quality of the residence and
furnishings is in the 3 to 4-star ranges. Service levels are at
the 3-star level, if included in the program offering.
Private Residence Club (PRC)
A Private Residence Club (PRC) is designed to meet the needs of
the same affluent buyer that would normally consider purchasing
a luxury wholly owned second home. The purchase decision is
primarily based on the buyer’s motivation to enjoy the residence
and the resort area, although potential value appreciation is a
factor.
Affluent purchasers recognize they have limited leisure time and
are looking for real estate that is price proportionate to
actual use. The Private Residence Club ownership model follows a
“pay for what you need and want” philosophy in an intimate,
exclusive community together with highly personalized service
and a wide range of amenities. As in the Traditional Fractional,
owners purchase a share or “fraction” of a Private Residence
Club home. They receive a deed with title insurance.
Private Residence Clubs comprise a high-end luxury product sold
on a one-seventh (1/7) to one-thirteenth (1/13) share basis.
Quality of the residence and furnishings is in the 4-star to
5-star ranges. Service levels are superior with every need or
request by an owner accommodated by an attentive staff.
As pioneered by principals of Star Resort Group, the defining
quality of the Private Residence Club is in the owners’ ability
to access their time in a flexible manner and literally as often
as they want, similar to a golf country club and subject to the
project’s Reservations Policies and Procedures.
Dave Hanna, President of Star Hospitality and a member of the
first PRC development team explains, “In the Private Residence
Club program, the owner’s use of the residence is on his
schedule and not controlled by a calendar. Generally, ownerships
are granted a set amount of time, termed ‘Pre-planned
Vacations’, to guarantee each owner access to their residence
during peak seasonal times. In designing a particular use plan,
we consider the length of the peak season and set a ratio of
owners to each home that allows enough flexibility so owners can
be assured of securing the times that they want each year.
Spontaneous visits by owners are accommodated through a ‘Space
Available’ reservation program that allows for use as little as
one night at a time and up to seven nights per reservation. Some
owners may use the program less in certain years, making more
time available at the resort for the other owners.”
Carl Berry adds a note on hospitality service levels: “Certain
Private Residence Club projects prefer to promote their program
with “5-star service” levels. When compared to the rating system
utilized by the hospitality industry for luxury hotels,
residence clubs that do not provide fine dining alternatives,
butler service and other requisites that earn the 5-star rating
are at 4 to 4.5-star levels. That is not to say that the service
isn’t excellent, for it is. It’s just not 5-star by hospitality
industry definitions. Owners at Star Resort Group projects
appreciate the tradeoffs between having a 24-hour butler staff
versus having to pay for that convenience in their annual fees.”
PRCs are seldom rented, since the owners generally prefer to
keep unused time available for the owners while maintaining
exclusivity. The Homeowners Association supports their thinking
by not facilitating or encouraging rentals. Should owners decide
to rent any of their guaranteed weeks to friends or associates,
the renters are treated as the owner’s unaccompanied guests.
Condo-Hotels
Statistics show that the market for homes with rental income
potential is nearly twice the size of the market for vacation
homes that are seldom rented. However, both markets are growing
rapidly in double digits. As expected, the typical buyer is at
least partially motivated by investment and rental income and
may be younger and less affluent that the luxury whole ownership
second home buyer.
A Condo-Hotel unit is a condominium sold on a whole ownership
basis with the intent of the owner using some of the time when
they wish, while placing the balance of their unused or
unscheduled time into a hotel rental program. An operating hotel
with attendant services is critical for this program to be
successful. The appeal of a condo-hotel ownership to prospective
buyers is that there may be an opportunity for rental income to
cover yearly operating costs. Strict rules apply toward
representation of the condo-hotel product as an investment. It
is first and foremost a real estate product predicated on the
owner’s planned use.
Although most condo hotels are sold as whole ownership, some
condo-hotel regimes have structured a hybrid fractional overlay
model into the mix of products in order to reduce the price
point and diversify the market. Aside from the prevalent whole
ownership condo-hotel model, traditional quarter shares or fifth
shares tend to be the most popular hybrid within the condo-hotel
platform.
Whole Ownership Second Home Options
For those who choose to use their resort residence for longer
periods of time, or are inflexible in their use times, or for
those who simply prefer not to share and are willing to pay the
price, whole ownership of a second home is the only acceptable
format.
You’re One Step Closer to Your New Home
Now that you’re armed with all the facts, the next step is to
start shopping for your new second home. And now that you know
all about your fractional ownership options and all of the
benefits of only paying for what you need, you just might find
yourself owning your dream home sooner than you thought possible.
For more information on fractional ownership in private
residence clubs and on condo hotels, including listings and
photos of available properties, visit the Star Resort Group
website at http://www.starresortgroup.com
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Posted by admin on April 2nd, 2008 — Posted in Real Estate Resources
On January 8th, 2001, our life changed in an instant!
Our entire income source disappeared in the blink of an eye (we
lost our million dollar company to a bad partnership).
Every nickel we had was invested in that company!
We were devastated!
We were placed in a position that we had to do something to make
money that month!
We often tell our students that even if you contacted us back in
January and told us that you had a course that could teach us
how to invest in real estate without credit checks and
$1.00-10.00 down we would have turned you away UNLESS you could
show us how to make what we call real money with those homes.
What is real money? To us it is at least $5,000 to $10,000 a
month (and more!).
You see, when most people think of investing in real estate they
think of the “buy and hold” strategy.
The “buy and hold” strategy is where you buy a piece of property
and “Hold” it for years while the principal is slowly paid down
and the value goes up.
We did not have time to “buy and hold” a home and wait 3-10
years to realize a profit!
If we were going to invest in real estate we had to do it in a
way that made us “real money” that month! Not 3-10 years from
now!
Our mortgage, electric bill, and telephone bills are due every
month!
The mortgage company does not want to wait 3-7 years for their
money, and they won’t!
We were very fortunate to learn how to control properties
without credit checks and $1-10.00 down and still enjoy real
profits in the thousands of dollars per home.
Our system was not put together because we were sitting in the
Jacuzzi one day and the clouds parted and we received divine
inspiration!
We often tell people that “we teach from where we have lived,”
meaning that we teach from personal experience.
We are unique in that we used what we teach first and foremost
to secure our dream home. It was not until we lost our company
that we were put into a position where we had to look closer at
investing full time.
It was then that we discovered how powerful what we teach really
is.
In 3 years, the land values in our area had tripled and our
dream home almost doubled in value, giving us an unheard-of
equity position without being on title!
We knew first hand how powerful this method was and that it
could generate some immediate serious cash flow!
Whatever way you choose to invest in real estate you will have
to pay attention to your cash flow.
We have an investor friend of ours that invests in homes that
need to be fixed up.
On his current project he had a home that he had estimated the
fix up costs of the home to be $5,000.
The last time I talked to him he was at $25,000 in repairs and
counting on that project! (Ouch!)
We were not interested nor did we the have money or credit to
buy a home and then spend tens of thousands of dollars fixing it
up (while still paying the mortgage) and then put it on the
market for who knows how many months until it sold.
Now understand, we are not passing judgment on that method of
investing in real estate. We are sure there are tremendous
profits in that area if done the right way, we just did not have
an interest in “fishing out of that pond.”
In “Buy With
No Credit, How to Make Money this month in Real Estate” , we
teach you not only how to invest in real estate without credit
checks and $1.00-$10.00 down but also how to enjoy up to 3
tremendous areas of profit on a home!
#1. Upfront profits in the thousands (real money)
#2. Profits every single month (cash flow)
#3. Profit when you go to closing
For example, a recent deal we did resulted in an upfront profit
of $5,500, a monthly cash flow of $200.00 and a back end profit
of $6,000 (this from a home that had no equity in it when we did
the deal!)
They say that “CASH IS KING” and we tend to agree with that
statement (as does our mortgage company and creditors).
So when you decide to invest in real estate, make sure you
clearly understand how and when you are going to profit in that
deal.
We recently talked to a new investor who had invested in her
first investment home using the “buy and hold” strategy. She
secured a 30-year mortgage on the home and for months it has
been vacant.
Meanwhile, she has been paying $1,000 a month for the mortgage!
Real estate can be a very profitable investment, but it is not
completely risk-free.
Thankfully, there are ways to limit your exposure to those risks
so you can experience the joy of going to the bank and putting
money in the bank instead of taking it out every month! We
discuss this in our course, “Buy With No
Credit, How to make money this month in Real Estate!”
God Bless.
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