The Vegas Real Estate Market
The Vegas Real Estate Market
People have been making huge assumptions and predictions regarding the state of real estate on a national level and on several local levels. One area that has seen much discussion is Las Vegas. During the past years Las Vegas real estate boomed like nothing the real estate business has ever seen and naturally there are many people concerned about it’s future. Las Vegas has been heavily invested in by people from around the world and these investors have heard rumors about a crash in Vegas real estate and that is simply not the case. Yes the market has slowed down but it is hardly the whole scale crash that was sensationalized in the media.
The main thing that people tend to forget is the fact that over the past few years the Las Vegas real estate market has been anything but normal. Investors have gotten used to the massively inflated demand and value regarding properties. That inflation has added a sense of fantasy to the Las Vegas housing market. It has been a period where what was expected was far above the national average. This is a trend that has been seen across the nation in “hot spot” cities like Vegas, L.A. and Orlando. Realistically there is room for home values to come down in Las Vegas while retaining a value that is far higher than the average American home.
The one thing that investors will never have to worry about is the popularity factor of Las Vegas. This city is one of a select group of cities that is going to maintain it’s popularity no matter what happens in the real estate industry. With median home prices up slightly from the past year Las Vegas homes are not dropping in value as the market cools. Owners and sellers are still looking to get top dollar for their homes and while some are selling there are far more that have not allowed for the reduced demand and some homes are languishing. Sellers need to be more competitive in their pricing as those are the homes that are selling. Being competitive in an area that is selling over 1,500 homes a month is an important thing, and is something that sellers should keep in mind. There are buyers out there looking for good Las Vegas homes. Just be sensible about what you are offering at what price.
Melanie Speed is the broker/owner of EHome Realty a locally owned and operated specialist in Las Vegas real estate. Ehome Realty is dedicated to providing elite and professional service and personal attention to all clients interested in Las Vegas Condos. For more information contact us today or visit us online at www.ehomelv.com
Decisions to be Made on Buying or Leasing a Commercial Property
Ever think of owning your own business? Perhaps, it is that pizza shop you ve always dreamt about or starting up your auto repair shop. While it sounds like an easy thing to do, often times it isn t. There are a number of factors you need to consider before hand. There are stock issues, money issues, and most importantly building issues. The later usually causes the most problems for small business owners.
Sooner or later, you are going to face an important business decision about owning or leasing property space and how much. While the factors may vary for start up internet firms compared to ice cream stands, the question still remains the same. Here are some elements that small businesses like you will need to take into account.
- Will you be paying in cash for that? - You normally don’t need to put out as much money upfront through leasing you would do by buying. A real-estate agent is looking to sell a $500,000 commercial property. Someone leasing the space would pay about $4,000 a month in rent. While, someone buying that same building would need about $150,000 down, and also pay for an appraisal, building inspections, and loan fees plus any other costs.
- Can it be fixed? - You have a pretty good idea of what your costs are going to be year after year when you buy a building, especially with a fixed-rate loan on the property. A lease is more of a gamble after your lease term expires. There are also cases of leases with clauses attached allowing for an annual increase in cost increase tied to changes in the market.
- Growing Up - A building that’s the perfect size for you now can look like a pretty good idea, but what happens if and when your business grows and expands over the next few years? Where will you find the space? Don t worry. There are plenty of options for you to choose from. One for example is leasing out that building to someone else and make a profit from that, and then move your expanding business into a new, larger space.
- Watch out for the tax man ” Let s not forget about Uncle Sam. He wants his piece of the pie too and he gets it with taxes. As a business owner, you can deduct the full amount you pay in rent. Rental property owners can also write off any repairs they need to make or pay for, immediately. Commercial buildings are a different animal all together. Expenses for improvements need to be deducted over 39 years. It also takes that same length of time for depreciation which means that if you buy a commercial property for $250,000 and the land is valued at $60,000, you can write off only slightly less than $5,000 of the purchase price annually, regardless of your down payment.
- Learn to appreciate ” The world of real estate investing is a second world of business for you to be a part of. If you own property in an area that is appreciating in value, you can easily sell it at a nice profit. It isn t always that easy. If you own more property than you need, you can also renting that extra space to others, but becoming a landlord with added responsibilities. You ll find that it can more work to your already busy schedule and there is no guarantee of it being profitable.
<a href="http://www.mymassivecashflow.com">MyMassiveCashFlow</a> will teach you how to become a successful apartment real estate entrepreneur. They will make sure you know what it s all about, eliminate all your risk, make sure you have a qualified support team in place, and guarantee you a successful <a href="http://www.mymassivecashflow.com">home business</a>. For more information, visit them at <a href="http://www.mymassivecashflow.com">www.mymassivecashflow.com</a>.
One Stop Shop for San Diego Real Estate Posted By : Gary Glaser
Located on the south western corner of the United States San Diego is often called Americas finest city. Famous for its temperate weather and fantastic locales San Diego has become a real estate agents dream. People from all over the United States have started investing money in properties all over San Diego. Known for its rich cultural diversity and amazing locales, San Diego is one of the few cities in the world that can offer people an ideal blend of history and culture. Established in the 17th century, San Diego is known for its historical locales, museums and picturesque locations.
All About Madison, WI
Just west of the Great Lakes lies the great state of Wisconsin. This is a state rich in history and culture with a tradition of hard work and beautiful scenery. The region around the great lakes is one of America’s more populated and accessible area and this has translated into the region’s notoriety as a travel hub, center of industry and commerce and education. There are several reasons that help to make Madison a great area in which to live. One of the most noted of these facts is the distinction of being named the best place to live in the U.S. by Money magazine in 1996. This is largely due to the extremely low unemployment rate.
Madison is a beautiful city set against the shores of Lake Monona. Home to over 223,000 people, the city of Madison is a growing industrial power in the mid-west. The employment scene of this thriving city is largely comprised of government jobs with the University of Wisconsin-Madison following a close second. In addition to these employment giants there are a number of companies that call Madison home including Raven Software, Human Head Studios and also served as the base for Oscar Meyer for many years before the company was purchased by Kraft. The economy in Madison is amazingly diverse ranging from industry and manufacturing, to bio-tech and other technology based production. Education also plays a strong role in the development of Madison and Wisconsin as a state. The University of Wisconsin-Madison is one of the largest public universities in the United States with a student population of almost 50,000. This top 10 university is widely known for the quality of the instructors and programs. This has made Madison one of the most highly educated areas in the country
Madison is surging ahead to a bright future that is supported by a wealth of jobs and strong industrial and economic concerns. The housing market has remained strong in response to the demand for quality workers and their families. Madison is a great place to live and work and has dedicated itself to seeing that this reputation continues into the future.
Ryan Sellers is the broker for SellUSAHouses.com a limited service realty firm servicing the Wisconsin real estate market. For more info on our money saving programs visit us online at www.sellusahouses.com
Dallas Luxury Homes
Looking at any city there are certain areas where you tend to find larger, more expensive luxury homes. These areas are defined by long shady streets with beautifully manicured lawns, well tended properties and an air of sophistication that is undeniable. Dallas has more than one of these areas each with their own distinctive flavor and ambiance. Highland Park and University Park are home to some of the most beautiful and most impressive homes in the U.S. and also plays host to some of the nation’s wealthiest people. Sound nice? You have not seen the homes yet….
What can one say about the homes in these areas? They are simply some of the most spectacular luxury homes you are likely to see anywhere. These areas feature an eclectic sampling of America’s favorite and most refined architectural styles. It is not too hard to find a $10 million + home here in styles that are reminiscent of a simpler time. Georgian manor homes, Italianate mansions, French manors, Spanish Colonial revival, the list is really endless. These are true mansion homes with sprawling properties, pools, tennis courts and a number of other amenities that make this these the most desirable communities in Dallas.
Not only is this area famous for the inspiring homes, but it is also noted for having one of the finest school systems in the country. These two areas combine to form an area known as “The Park Cities” and the two cities share many amenities and services. These cities have developed into exceptional areas in which to live. With an abundance of upscale shopping , entertainment and recreational options supplied to all residents and visitors alike, a strong a focused community with an emphasis on family values and a relaxed and dignified lifestyle has evolved. If luxury real estate is what you are looking for then one of these two cities may be exactly what you are seeking. Most homes here do not come with a small price tag so be ready for it! Then again once you see the homes you will understand that they are quite worth the price. Come to Highland Park and University Park and get ready to be impressed.
Richard Soto is the President of VIP Realty, the premier firm in Dallas real estate. Contact VIP Realty for more information or visit us online at www.viprealtyinfo.com
Bangkok Residential Sales MarketView - First Quarter 2007 Posted By : Ngamjai Jearrajarat
The supply of completed freehold and leasehold condominium units totaled 48,128 units as of the first quarter of 2007. The completion of four projects added 1,580 units to the condominium market, which increased by 3.4% quarter-on-quarter and 9.5% year-on-year. Sukhumvit remains the most popular
++Four Reasons For Firing Private Lenders!!!
WAIT A MINUTE ALAN!
I’ve spent all this time and effort trying to figure out how to get private lenders to fund my real estate deals and now
you write an article on firing them! What are you thinking?!
Well, stay with me here and I’ll explain. Most of a real estate investor’s focus is about how to attract and keep private
lenders.
But what if a lender doesn’t make your life better?
You got into real estate to make your life better, right? Well, shouldn’t you work with people that make your life easy?
If you don’t have private lenders at this point, being selective about them may be something you’ve never even
considered. If you do have private lenders, are they easy to work with or are they difficult to deal with?
Once you’ve done your homework, gotten your real estate education, and taken all the steps needed to attract private
lenders, you could quite possibly have an army of people wanting to loan you money. This is an awesome position to
be in. I’ve been there and it gives you a great opportunity to work with some pretty fantastic folks.
So what is a scenario where I might not work with a private lender who is trying to throw wads of cash at me?
1) Well, let’s say they want to be too involved…
Your lenders are going to want you to succeed and are going to offer some advice from time to time. Sometimes a
well-meaning soul will want to “help” me by offering advice in an area where, frankly, I’m an expert.
I’m not talking about those folks. I’m talking about annoying, aggressive, overbearing, pushy, opinionated folks.
I’ve spent tens of thousands of dollars on my education and have been in the business for over 10 years. I know how
to do this business. I have definite ideas about the way I want to run my real estate business. I attend seminars all the
time. I’m always striving to learn and to improve.
This is where you need to have a solid education so you don’t get sidetracked because you are going to run into these
folks.
Let’s be clear on your private lender’s job. Their job is to write a check and then set back and wait for a bigger check.
They give me money; I send them interest payments. It is the American Dream for them and you.
2) Another scenario I refuse to work with a private lender is when you find that someone wants to work “with” you and
even be a partner.
They believe that the money they invest in your business gives them the right to offer advice and they expect you to
take it, in the way you run your office, what properties you purchase, what rehab workers you hire, and so forth.
Just be aware that some folks will want to be a partner and if this is not what you want, be prepared to correct the
situation before it goes too far in the relationship.
3) They want to set the rules on how you should pay them. Points, interest, etc…
Hey, that is what banks and hard money lenders do. When I deal with private lenders, I set the rules and that is the
whole idea and my bottom line. It’s my way or the highway.
4) Some folks are just plan hard to work with.
Ask the same questions over and over. They don’t trust you and treat you like you are going to jip them.
The list goes on and on.
Do you cringe when they come in your office? If so, it’s time to let cut them loose.
So how do I fire private lenders?
Well, I can work with most private lenders. In fact, I love my private lenders. I just stay away from people that
make my life tough and just work with the folks that want to work with me and make my life better.
The easiest way to fire private lenders is to never do business with them in the 1st place. If you can pick up on their
personality before any money is loaned and back away from them, it is the easiest and the best.
If they want to partner and/or set the rules. Just say no.
If they have already loaned you money, get them paid back and refuse future loans.
My advice is to always be professional about it. I’m gracious. I simply explain my position and my rational for what
I do without hurting anyone’s feelings.
Alan Cowgill is a national speaker, author, and real estate entrepreneur. Alan had bought or sold over 200 investment properties. His step-by-step system "Private Lending Made Easy" teaches Real Estate investors and mortgage brokers how to find private lenders. Contact Alan at 937-390-0816 or 866-831-3540. For a FREE audio CD go to http://www.PrivateLendingMadeEasy.com
Mexico's Boomin' Baja Peninsula
Tourists have a number of great options to choose from when they re planning a Mexican vacation. Acapulco, Puerto Vallarta and Mazatl n often top their lists of places to visit but so do the cities of Mexico s Baja Peninsula. But when it comes to tourists who are looking for a Mexican vacation rental that they can enjoy and make a profit on, the Baja Peninsula isn t one of the top choices. It s the top choice. So what makes Mexico s Baja Peninsula such a great location? Variety. The three most popular locales on Mexico s Baja Peninsula are Tijuana, Ensenada, and Los Cabos. Here s a look at why: Tijuana Taking a trip to Tijuana is like taking a trip to Chicago or Atlanta. It has all that you would expect from a major city “museums, festivals, fine dining, classy hotels, etc. The difference is that the people speak Spanish and you ve got the lovely Pacific Ocean and miles of inviting beach to provide scenic views and fun in the sun that neither Atlanta nor Chicago can offer. Think of it as the Mexican Miami. Ensenada Ensenada is another fairly large city on Mexico s Baja Peninsula. However, it does not have the same party city reputation that often comes to mind when you think of Tijuana. Instead, Ensenada is known for its calmer atmosphere and activities like kayaking, scuba diving, surfing, golfing, spa hopping, and boating. Ensenada has some of the most serene beaches on the Baja Peninsula. Cabo San Lucas / San Jose del Cabo Cabo San Lucas and San Jose del Cabo are the two areas of Mexico s Baja Peninsula collectively known as Los Cabos. Located on the Southern tip of Mexico s Baja Peninsula, Los Cabos is the place to be (in the winter) to witness the whale s mating season. It s the place to be when you want to experience some great fishing. It s the place to be to experience Old Mexico (Baja Peninsula style). Basically, it s the place to be if you want to be to be in the middle of all of the happening tourist attractions of the South. As for those who aren t pulled in to the lure of Mexico s Baja Peninsula top three, well let s just say that there are a number of other hooks that reel vacationers into being vacation rental owners on the peninsula. For instance, vacationers who relax by going toe to toe with Mother Nature while on vacation enjoy La Paz and Cabo del Este. Either locale would be an outdoor adventurer s paradise. However, those looking for an off the beaten path Mexican vacation experience on Mexico s Baja Peninsula tend to head straight for the countryside between Ensenada and San Quentin to visit the farming towns and vineyards. Meanwhile, camping enthusiasts head south towards the desert regions of the Baja Peninsula. There is some beautiful desert scenery along the route from El Rosario to Catavina and there are plenty of great places to set up camp for the night. With so many unique destinations concentrated in such a condensed area, investors realize that they really cannot go wrong with investing in a Mexican vacation rental on the Baja Peninsula. The area is ideal for everything from sunbathing on beaches, sampling vino at wineries, and teeing off on world-class golf courses to whale watching, scuba diving, and mountain biking. The variety Mexico s Baja Peninsula offers is undoubtedly what has drawn tourist for years and with new developments and attractions popping up left and right, there s no doubt that the trend of visitors and vacation rental investors will continue. by Karen Lovendahl, Premier Beach Vacations
Wake Up to Sea, Sand and Surf. Discover http://www.premierbeachvacations.com and deluxe vacations at gorgeous luxury resorts worldwide. Beautiful 1-bdrm Condo Suites - Only $999 per week, 2-bdrm (sleeps 6-8) Just $1,399. You ll cherish this vacation for a lifetime. Call Us Toll Free 1 866 736-3390.
Romania real estate: overview of the property market in Romania Posted By : dam
The Property Market in Romania The property market in some areas of Romania has been growing at a bullish rate of 25% to 30% p.a. for the last 3 years, fuelled by speculators waiting for healthy capital returns.